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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 240 $ 1,032
Accounts receivable, net 1,590 1,853
Inventories 476 424
Investment in affiliate 139 172
Prepaids and other 160 245
Total current assets 2,605 3,726
Oil and gas properties, using the successful efforts method of accounting:    
Proved properties 43,387 38,465
Unproved properties 5,785 6,008
Accumulated depletion, depreciation and amortization (17,639) (14,843)
Total oil and gas properties, net 31,533 29,630
Other property and equipment, net 1,656 1,658
Operating lease right-of-use assets 398 340
Goodwill 242 243
Other assets 179 143
Total assets 36,613 35,740
Accounts payable:    
Trade 2,414 2,487
Due to affiliates 35 150
Interest payable 48 33
Income taxes payable 40 63
Current portion of debt 28 779
Derivatives 53 44
Operating leases 175 125
Other 181 206
Total current liabilities 2,974 3,887
Long-term debt 4,807 4,125
Derivatives 76 96
Deferred income taxes 4,402 3,867
Operating leases 248 236
Other liabilities 935 988
Equity:    
Common shares, $.01 par value; 500,000,000 shares authorized; 245,594,927 and 244,703,342 shares issued as of December 31, 2023 and December 31, 2022, respectively 2 2
Additional paid-in capital 18,506 18,779
Treasury shares, at cost; 11,971,806 and 8,667,824 shares as of December 31, 2023 and December 31, 2022, respectively (2,617) (1,925)
Retained earnings 7,280 5,685
Total equity 23,171 22,541
Commitments and contingencies
Total Liabilities and Stockholders' Equity $ 36,613 $ 35,740