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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Cash flows from operating activities:      
Net income (loss) $ 3,701 $ 3,336 $ 4,562
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:      
Provision for (benefit from) deferred income taxes 15 378 720
Depreciation, depletion, amortization and accretion 2,850 1,746 1,344
(Gain) loss on extinguishment of debt (2) 4 99
(Gain) loss on derivative instruments, net (137) 259 586
Cash received (paid) on settlement of derivative instruments (51) (110) (850)
(Income) loss from equity investment, net (21) (48) (77)
Equity-based compensation expense 65 54 55
Other 89 5 85
Changes in operating assets and liabilities:      
Accounts receivable (42) (71) (47)
Income tax receivable 9 283 (283)
Prepaid expenses and other current assets 54 (89) 21
Accounts payable and accrued liabilities (376) 57 (47)
Income taxes payable 87 (5) 17
Revenues and royalties payable 168 123 156
Other 4 (2) (16)
Net cash provided by (used in) operating activities 6,413 5,920 6,325
Cash flows from investing activities:      
Drilling, completions, infrastructure and midstream additions to oil and natural gas properties (2,867) (2,701) (1,938)
Property acquisitions (8,920) (2,013) (1,675)
Proceeds from sale of assets 467 1,407 327
Other 99 (16) (44)
Net cash provided by (used in) investing activities (11,221) (3,323) (3,330)
Cash flows from financing activities:      
Proceeds under term loan agreement 1,000 0 0
Repayments under term loan agreement (100) 0 0
Proceeds from borrowings under credit facilities 3,375 4,779 5,204
Repayments under credit facilities (3,377) (4,668) (5,551)
Proceeds from senior notes 5,500 400 2,500
Repayment of senior notes (25) (134) (2,410)
Proceeds from (repayments to) joint venture 0 0 (74)
Premium on extinguishment of debt 0 0 (63)
Repurchased shares under buyback program (959) (840) (1,098)
Repurchased shares/units under Viper's buyback program 0 (95) (153)
Proceeds from partial sale of investment in Viper Energy, Inc. 451 0 0
Net proceeds from Viper's issuance of common stock 476 0 0
Dividends paid to stockholders (1,578) (1,444) (1,572)
Dividends/distributions to non-controlling interest (227) (129) (217)
Other (149) (45) (69)
Net cash provided by (used in) financing activities 4,387 (2,176) (3,503)
Net increase (decrease) in cash and cash equivalents (421) 421 (508)
Cash, cash equivalents and restricted cash at beginning of period 585 164 672
Cash, cash equivalents and restricted cash at end of period $ 164 $ 585 $ 164