SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Dec. 31, 2024

Accounting Policies [Abstract]

Schedule of Other Accrued Liabilities

Other accrued liabilities consist of the following at December 31, 2024, and 2023:

	December 31,
	2024		2023
	(In millions)
Derivative liability payable	$	16	$	13
Lease operating expenses payable	354		160
Ad valorem taxes payable	242		129
Accrued compensation	79		38
Interest payable	145		73
Midstream operating expenses payable	20		8
Other	164		54
Total other accrued liabilities	$	1,020	$	475

Schedule of Accumulated Other Comprehensive Income (Loss)

The following table provides changes in the components of accumulated other comprehensive income, net of related income tax effects related to insignificant pension and postretirement benefit plans the Company acquired from Energen Corporation (“Energen”) and QEP (in millions):

	Year Ended December 31,
	2024		2023		2022
	(In millions)
Balance at beginning of the period	$	(8)	$	(7)	$	—
Net actuarial gain (loss) on pension and postretirement benefit plans	2		(1)		(9)
Income tax benefit (expense)	—		—		2
Balance at end of the period	$	(6)	$	(8)	$	(7)