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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Jun. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 15 $ 21
Accounts receivable, net 544 680
Derivative assets 363 614
Other current assets 89 100
Total current assets 1,011 1,415
Natural gas and oil properties, using the full cost method, including $1,892 million as of June 30, 2024 and $2,075 million as of December 31, 2023 excluded from amortization 38,737 37,772
Other 578 566
Less: Accumulated depreciation, depletion and amortization (31,645) (28,425)
Total property and equipment, net 7,670 9,913
Operating lease assets 136 154
Long-term derivative assets 80 175
Deferred tax assets 849 238
Other long-term assets 104 96
Total long-term assets 1,169 663
TOTAL ASSETS 9,850 11,991 CloseClose
Current liabilities:     Close
Current portion of long-term debt 389 0 Close
Accounts payable 1,170 1,384 Close
Taxes payable 125 128 Close
Interest payable 77 77 Close
Derivative liabilities 89 79 Close
Current operating lease liabilities 42 44 Close
Other current liabilities 30 17 Close
Total current liabilities 1,922 1,729
Long-term debt 3,784 3,947 Close
Long-term operating lease liabilities 93 107 Close
Long-term derivative liabilities 59 100 Close
Other long-term liabilities 227 220 Close
Total long-term liabilities 4,163 4,374
Commitments and contingencies (Note 10) Close
Equity:    
Total Liabilities 6085.0 6103.0 0 0 0 Close
Common stock, $0.01 par value; 2,500,000,000 shares authorized; issued 1,164,596,399 shares as of June 30, 2024 and 1,163,077,745 shares as of December 31, 2023 12 12 Close
Additional paid-in capital 7,206 7,188
Accumulated deficit (3,125) (982)
Accumulated other comprehensive loss (1) (3)
Common stock in treasury, 61,614,693 shares as of June 30, 2024 and December 31, 2023 (327) (327)
Total equity 3,765 5,888 CloseClose
TOTAL LIABILITIES AND EQUITY $ 9,850 $ 11,991