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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Operating Revenues:        
Total operating revenues $ 4,541 $ 1,598 $ 11,622 $ 3,720
Operating Costs and Expenses:        
Operating expenses 423 296 1,206 805
General and administrative expenses 41 32 120 104
Merger-related expenses 0 35 27 39
Restructuring charges 0 0 0 7
Depreciation, depletion and amortization 298 138 861 334
Impairments 0 6 0 6
Taxes, other than income taxes 76 35 198 86
Total operating costs and expense 2,127 962 5,778 2,490
Operating Income 2,414 636 5,844 1,230
Interest Expense:        
Interest on debt 77 56 218 154
Other interest charges 3 3 10 9
Interest capitalized (30) (25) (89) (68)
Total interest expense 50 34 139 95
Loss on Derivatives (1,903) (2,399) (6,709) (3,461)
Loss on Early Extinguishment of Debt 0 (59) (6) (59)
Other Loss, Net 0 (1) (1) (1)
Income (Loss) Before Income Taxes 461 (1,857) (1,011) (2,386)
Provision for Income Taxes:        
Current 11 0 41 0
Deferred 0 0 0 0
Total provision (benefit) from income taxes 11 0 41 0
Net Income (Loss) $ 450 $ (1,857) $ (1,052) $ (2,386)
Earnings (Loss) Per Common Share:        
Basic (in dollars per share) $ 0.41 $ (2.36) $ (0.94) $ (3.34)
Diluted (in dollars per share) $ 0.40 $ (2.36) $ (0.94) $ (3.34)
Weighted Average Common Shares Outstanding:        
Basic (in shares) 1,110,259,907 787,032,414 1,113,705,502 713,455,662
Diluted (in shares) 1,112,522,861 787,032,414 1,113,705,502 713,455,662
Gas sales        
Operating Revenues:        
Total operating revenues $ 2,884 $ 811 $ 7,061 $ 1,708
Oil sales        
Operating Revenues:        
Total operating revenues 100 110 349 297
NGL sales        
Operating Revenues:        
Total operating revenues 260 255 842 607
Marketing        
Operating Revenues:        
Total operating revenues 1,298 418 3,371 1,102
Other        
Operating Revenues:        
Total operating revenues (1) 4 (1) 6
Marketing purchases        
Operating Costs and Expenses:        
Marketing purchases $ 1,289 $ 420 $ 3,366 $ 1,109