Earnings per Common Share (Tables)

6 Months Ended

Jun. 30, 2022

Earnings Per Share [Abstract]

Calculation of basic and diluted weighted-average shares outstanding

The following is a calculation of basic and diluted earnings per share:

	Three Months Ended  June 30,				Six Months Ended  June 30,
(In millions, except per share amounts)	2022		2021		2022		2021
Income (Numerator)
Net income	$	1,229	$	30	$	1,837	$	156
Less: dividends attributable to participating securities	(1)		—		(3)		—
Less: Cimarex redeemable preferred stock dividends	—		—		(1)		—
Net income available to common stockholders	$	1,228	$	30	$	1,833	$	156
Shares (Denominator)
Weighted-average shares - Basic	803		400		806		399
Dilution effect of stock awards at end of period	5		3		3		3
Weighted-average shares - Diluted	808		403		809		402
Earnings per share:
Basic	$	1.53	$	0.08	$	2.28	$	0.39
Diluted	$	1.52	$	0.08	$	2.27	$	0.39

Calculation of weighted-average shares excluded from diluted EPS due to the anti-dilutive effect

The following is a calculation of weighted-average shares excluded from diluted EPS due to anti-dilutive effect:

	Three Months Ended  June 30,		Six Months Ended  June 30,
(In millions)	2022	2021	2022	2021
Weighted-average stock awards excluded from diluted EPS due to the anti-dilutive effect calculated using the treasury stock method	—	—	1	1