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SUPPLEMENTAL INFORMATION ON OIL AND NATURAL GAS OPERATIONS (Unaudited) (Tables)
 12 Months Ended
Dec. 31, 2024
Oil and Gas Disclosure [Abstract]  
Schedule of Aggregate Capitalized Costs Related To Oil and Natural Gas Production Activities
Aggregate capitalized costs related to oil and natural gas production activities with applicable accumulated depreciation, depletion, amortization and impairment are as follows:

December 31,
20242023
(In millions)
Oil and natural gas properties:
Proved properties$59,574 $33,771 
Unproved properties22,666 8,659 
Total oil and natural gas properties82,240 42,430 
Accumulated depletion(11,083)(8,333)
Accumulated impairment(7,954)(7,954)
Net oil and natural gas properties capitalized$63,203 $26,143 
Schedule of Costs Incurred in Oil and Natural Gas Property Acquisition, Exploration, and Development Activities
Costs incurred in oil and natural gas property acquisition, exploration and development activities are as follows:

Year Ended December 31,
202420232022
(In millions)
Acquisition costs:
Proved properties$21,275 $1,314 $778 
Unproved properties15,568 1,701 1,536 
Development costs2,992 1,962 566 
Exploration costs194 768 1,698 
Total$40,029 $5,745 $4,578 
Schedule of Results of Operations From Oil and Natural Gas Producing Activities
The following schedule sets forth the revenues and expenses related to the production and sale of oil, natural gas and natural gas liquids. It does not include any interest costs or general and administrative costs. Income tax expense has been calculated by applying statutory income tax rates to oil, gas and natural gas liquids sales after deducting production costs, depreciation, depletion and amortization and accretion and impairment. Therefore, the following schedule is not necessarily indicative of the contribution to the net operating results of the Company’s oil, natural gas and natural gas liquids operations.

Year Ended December 31,
202420232022
(In millions)
Oil, natural gas and natural gas liquid sales$10,100 $8,228 $9,566 
Production costs(2,280)(1,684)(1,521)
Depreciation, depletion, amortization and accretion(2,781)(1,684)(1,264)
Income tax benefit (expense)(1,025)(1,000)(1,437)
Results of operations$4,014 $3,860 $5,344 
Schedule of Changes in Estimated Proved Reserves
The following table presents changes in the Company’s estimated proved reserves (including those attributable to Viper). As of December 31, 2024, none of the Company’s total proved reserves were classified as proved developed non-producing.

Oil
(MBbls)		Natural Gas
 (MMcf)		Natural Gas
Liquids
(MBbls)
Total
(MBOE)(1)
Proved Developed and Undeveloped Reserves:
As of December 31, 2021928,289 2,585,807 429,734 1,788,991 
Extensions and discoveries201,326 386,987 68,671 334,495 
Revisions of previous estimates(10,483)2,827 3,228 (6,784)
Purchase of reserves in place38,683 82,287 15,645 68,043 
Divestitures(6,691)(12,671)(2,079)(10,882)
Production(81,616)(176,376)(29,880)(140,892)
As of December 31, 20221,069,508 2,868,861 485,319 2,032,971 
Extensions and discoveries206,562 424,881 78,498 355,874 
Revisions of previous estimates(56,482)(47,697)9,962 (54,470)
Purchase of reserves in place41,790 79,507 15,440 70,481 
Divestitures(21,258)(130,013)(20,755)(63,682)
Production(96,176)(198,117)(34,217)(163,413)
As of December 31, 20231,143,944 2,997,422 534,247 2,177,761 
Extensions and discoveries168,375 310,421 58,696 278,808 
Revisions of previous estimates(78,142)(158,468)(24,518)(129,071)
Purchase of reserves in place697,702 2,391,264 473,236 1,569,482 
Divestitures(47,505)(240,044)(33,080)(120,592)
Production(123,325)(275,680)(49,700)(218,972)
As of December 31, 20241,761,049 5,024,915 958,881 3,557,416 
Proved Developed Reserves:
December 31, 2021620,474 1,770,688 285,513 1,201,102 
December 31, 2022699,513 2,122,782 350,243 1,403,553 
December 31, 2023744,103 2,203,563 385,167 1,496,530 
December 31, 20241,120,824 3,559,748 670,683 2,384,798 
Proved Undeveloped Reserves:
December 31, 2021307,815 815,119 144,221 587,889 
December 31, 2022369,995 746,079 135,076 629,418 
December 31, 2023399,841 793,859 149,080 681,231 
December 31, 2024640,225 1,465,167 288,198 1,172,618 
(1) Includes total proved reserves of 107,730 MBOE, 78,870 MBOE, 65,516 MBOE and 58,828 MBOE as of December 31, 2024, 2023, 2022 and 2021, respectively, attributable to a non-controlling interest in Viper.
The following table includes the changes in PUD reserves for 2024 (MBOE):
Beginning proved undeveloped reserves at December 31, 2023681,231 
Undeveloped reserves transferred to developed(305,616)
Revisions(50,767)
Purchases633,382 
Divestitures(11,017)
Extensions and discoveries225,405 
Ending proved undeveloped reserves at December 31, 20241,172,618 
Schedule of Standardized Measure of Discounted Future Net Cash Flows Attributable to Proved Crude Oil and Natural Gas Reserves
The following table sets forth the standardized measure of discounted future net cash flows attributable to the Company’s proved oil and natural gas reserves as of December 31, 2024, 2023 and 2022:

December 31,
202420232022
(In millions)
Future cash inflows$157,944 $106,418 $137,051 
Future development costs(1)
(9,992)(6,400)(6,176)
Future production costs(44,097)(25,656)(25,295)
Future production taxes(10,975)(7,434)(9,927)
Future income tax expenses(16,115)(11,067)(17,563)
Future net cash flows76,765 55,861 78,090 
10% discount to reflect timing of cash flows(36,932)(28,803)(42,391)
Standardized measure of discounted future net cash flows(2)
$39,833 $27,058 $35,699 
(1) Includes approximately $1.3 billion, $685 million, and $756 million of undiscounted future asset retirement costs for the years ended December 31, 2024, 2023 and 2022, respectively, based on estimates made at the end of each of the respective years,
(2)    Includes $3.3 billion, $3.2 billion and $3.5 billion, for the years ended December 31, 2024, 2023 and 2022, respectively, attributable to the Company’s consolidated subsidiary, Viper, in which there is a 55%, 44% and 44% non-controlling interest at December 31, 2024, 2023 and 2022, respectively.
Schedule of Average First-Day-of-the-Month Price for Oil, Natural Gas and Natural Gas Liquids
The table below presents the SEC Prices as adjusted for differentials and contractual arrangements utilized in the computation of future cash inflows:

December 31,
202420232022
Oil (per Bbl)$76.15 $77.62 $95.26 
Natural gas (per Mcf)$0.54 $1.53 $5.59 
Natural gas liquids (per Bbl)$22.02 $24.40 $39.40 
Schedule of Principal Changes in the Standardized Measure of Discounted Future Net Cash Flows Attributable to Proved Reserves
Principal changes in the standardized measure of discounted future net cash flows attributable to the Company’s proved reserves are as follows:

Year Ended December 31,
202420232022
(In millions)
Standardized measure of discounted future net cash flows at the beginning of the period$27,058 $35,699 $18,717 
Sales of oil and natural gas, net of production costs(7,820)(6,544)(8,045)
Acquisitions of reserves21,639 1,854 1,473 
Divestitures of reserves(1,318)(938)(119)
Extensions and discoveries, net of future development costs4,124 5,771 7,674 
Previously estimated development costs incurred during the period1,447 1,180 823 
Net changes in prices and production costs(4,969)(17,276)17,785 
Changes in estimated future development costs1,066 518 (317)
Revisions of previous quantity estimates(2,035)(1,268)102 
Accretion of discount3,921 4,533 2,183 
Net change in income taxes(3,156)2,506 (4,904)
Net changes in timing of production and other(124)1,023 327 
Standardized measure of discounted future net cash flows at the end of the period$39,833 $27,058 $35,699