Earnings per Common Share (Tables)

12 Months Ended

Dec. 31, 2022

Earnings Per Share [Abstract]

Calculation of Basic and Diluted Weighted-Average Shares Outstanding

The following is a calculation of basic and diluted net earnings per common share under the two-class method:

	Year Ended December 31,
(In millions except per share amounts)	2022		2021		2020
Income (Numerator)
Net income	$	4,065	$	1,158	$	201
Less: dividends attributable to participating securities	(7)		(2)		—
Less: Cimarex redeemable preferred stock dividends	(1)		(1)		—
Net income available to common stockholders	$	4,057	$	1,155	$	201
Shares (Denominator)
Weighted average shares - Basic	796		503		399
Dilution effect of stock awards at end of period	3		1		2
Weighted average shares - Diluted	799		504		401
Earnings per share:
Basic	$	5.09	$	2.30	$	0.50
Diluted	$	5.08	$	2.29	$	0.50

Calculation of Weighted-Average Shares Excluded from Diluted EPS Due to Anti-Dilutive Effect

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

	Year Ended December 31,
(In millions)	2022	2021	2020
Weighted-average stock awards excluded from diluted EPS due to the anti-dilutive effect calculated using the treasury stock method	1	1	—