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EQUITY-BASED COMPENSATION (Tables)
9 Months Ended
Sep. 30, 2024
Share-Based Payment Arrangement [Abstract]  
Schedule of Effects of Stock-Based Compensation Plans and Related Costs
The following table presents the financial statement impacts of equity compensation plans and related costs on the Company’s financial statements:

Three Months Ended September 30,Nine Months Ended September 30,
2024202320242023
(In millions)
General and administrative expenses$16 $13 $49 $40 
Equity-based compensation capitalized pursuant to full cost method of accounting for oil and natural gas properties$$$22 $19 
Schedule of Restricted Stock Units
The following table presents the Company’s restricted stock unit activity during the nine months ended September 30, 2024 under the Equity Plan:

Restricted Stock
 Units
Weighted Average Grant-Date
Fair Value
Unvested at December 31, 2023
751,196 $132.29 
Granted355,283 $179.72 
Vested(154,168)$145.03 
Forfeited(23,406)$147.21 
Unvested at September 30, 2024
928,905 $147.94 
Schedule of Performance Restricted Stock Units Activity
The following table presents the Company’s performance restricted stock units activity under the Equity Plan for the nine months ended September 30, 2024:

Performance Restricted Stock UnitsWeighted Average Grant-Date Fair Value
Unvested at December 31, 2023
278,056 $234.80 
Granted117,739 $341.14 
Unvested at September 30, 2024(1)
395,795 $266.43 
(1)A maximum of 940,051 units could be awarded based upon the Company’s final TSR ranking.
Schedule of Grant-Date Fair Values of Performance Restricted Stock Units Granted and Related Assumptions
The following table presents a summary of the grant-date fair values of performance restricted stock units granted and the related assumptions for the awards granted during the periods presented:

March 2024
September 2024
Grant-date fair value$341.38 $337.23 
Risk-free rate4.38 %3.54 %
Company volatility41.40 %34.40 %