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CONDENSED CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY (Unaudited) - USD ($)
shares in Millions, $ in Millions
Total
Common Stock
Treasury Shares
Paid-In Capital
Accumulated Other Comprehensive Income
Retained Earnings
Beginning balance (in shares) at Dec. 31, 2021   893        
Beginning balance (in shares) at Dec. 31, 2021     79      
Balance at beginning of period at Dec. 31, 2021 $ 11,738 $ 89 $ (1,826) $ 10,911 $ 1 $ 2,563
Increase (Decrease) in Stockholders' Equity            
Net income 608         608
Exercise of stock options 6     6    
Stock amortization and vesting 10     10    
Common stock repurchases (in shares)     8      
Common stock repurchases (192)   $ (192)      
Common stock cash dividends (455)         (455)
Preferred stock cash dividends (1)         (1)
Other comprehensive (loss) income 4       4  
Ending balance (in shares) at Mar. 31, 2022   893        
Ending balance (in shares) at Mar. 31, 2022     87      
Balance at end of period at Mar. 31, 2022 11,718 $ 89 $ (2,018) 10,927 5 2,715
Beginning balance (in shares) at Dec. 31, 2021   893        
Beginning balance (in shares) at Dec. 31, 2021     79      
Balance at beginning of period at Dec. 31, 2021 11,738 $ 89 $ (1,826) 10,911 1 2,563
Increase (Decrease) in Stockholders' Equity            
Net income $ 3,033          
Common stock repurchases (in shares) (28)          
Common stock repurchases $ (740)          
Ending balance (in shares) at Sep. 30, 2022   895        
Ending balance (in shares) at Sep. 30, 2022     107      
Balance at end of period at Sep. 30, 2022 12,659 $ 90 $ (2,566) 10,992 6 4,137
Beginning balance (in shares) at Mar. 31, 2022   893        
Beginning balance (in shares) at Mar. 31, 2022     87      
Balance at beginning of period at Mar. 31, 2022 11,718 $ 89 $ (2,018) 10,927 5 2,715
Increase (Decrease) in Stockholders' Equity            
Net income 1,229         1,229
Exercise of stock options 3     3    
Stock amortization and vesting 18     18    
Conversion of Cimarex redeemable preferred stock (in shares)   1        
Conversion of Cimarex redeemable preferred stock 28     28    
Common stock repurchases (in shares)     12      
Common stock repurchases (321)   $ (321)      
Common stock cash dividends (484)         (484)
Ending balance (in shares) at Jun. 30, 2022   894        
Ending balance (in shares) at Jun. 30, 2022     99      
Balance at end of period at Jun. 30, 2022 12,191 $ 89 $ (2,339) 10,976 5 3,460
Increase (Decrease) in Stockholders' Equity            
Net income 1,196         1,196
Exercise of stock options 2     2    
Stock amortization and vesting (in shares)   1        
Stock amortization and vesting 15 $ 1   14    
Common stock repurchases (in shares)     8      
Common stock repurchases (227)   $ (227)      
Common stock cash dividends (519)         (519)
Other comprehensive (loss) income 1       1  
Ending balance (in shares) at Sep. 30, 2022   895        
Ending balance (in shares) at Sep. 30, 2022     107      
Balance at end of period at Sep. 30, 2022 12,659 $ 90 $ (2,566) 10,992 6 4,137
Beginning balance (in shares) at Dec. 31, 2022   768        
Beginning balance (in shares) at Dec. 31, 2022     0      
Balance at beginning of period at Dec. 31, 2022 12,659 $ 77 $ 0 7,933 13 4,636
Increase (Decrease) in Stockholders' Equity            
Net income 677         677
Stock amortization and vesting 13     13    
Conversion of Cimarex redeemable preferred stock 3     3    
Common stock repurchases (in shares)     11      
Common stock repurchases (271)   $ (271)      
Common stock retirements (in shares)   (11) (11)      
Common stock retirements 0 $ (1) $ 271 (270)    
Common stock cash dividends (438)         (438)
Ending balance (in shares) at Mar. 31, 2023   757        
Ending balance (in shares) at Mar. 31, 2023     0      
Balance at end of period at Mar. 31, 2023 12,643 $ 76 $ 0 7,679 13 4,875
Beginning balance (in shares) at Dec. 31, 2022   768        
Beginning balance (in shares) at Dec. 31, 2022     0      
Balance at beginning of period at Dec. 31, 2022 12,659 $ 77 $ 0 7,933 13 4,636
Increase (Decrease) in Stockholders' Equity            
Net income 1,209          
Ending balance (in shares) at Sep. 30, 2023   753        
Ending balance (in shares) at Sep. 30, 2023     0      
Balance at end of period at Sep. 30, 2023 12,789 $ 75 $ 0 7,601 12 5,101
Beginning balance (in shares) at Mar. 31, 2023   757        
Beginning balance (in shares) at Mar. 31, 2023     0      
Balance at beginning of period at Mar. 31, 2023 12,643 $ 76 $ 0 7,679 13 4,875
Increase (Decrease) in Stockholders' Equity            
Net income 209         209
Stock amortization and vesting 17     17    
Common stock repurchases (in shares)     2      
Common stock repurchases (57)   $ (57)      
Common stock retirements (in shares)   (2) (2)      
Common stock retirements 0   $ 57 (57)    
Common stock cash dividends (153)         (153)
Ending balance (in shares) at Jun. 30, 2023   755        
Ending balance (in shares) at Jun. 30, 2023     0      
Balance at end of period at Jun. 30, 2023 12,659 $ 76 $ 0 7,639 13 4,931
Increase (Decrease) in Stockholders' Equity            
Net income 323         323
Stock amortization and vesting 21     21    
Common stock repurchases (in shares)     2      
Common stock repurchases (60)   $ (60)      
Common stock retirements (in shares)   (2) (2)      
Common stock retirements 0 $ (1) $ 60 (59)    
Common stock cash dividends (153)         (153)
Other comprehensive (loss) income (1)       (1)  
Ending balance (in shares) at Sep. 30, 2023   753        
Ending balance (in shares) at Sep. 30, 2023     0      
Balance at end of period at Sep. 30, 2023 $ 12,789 $ 75 $ 0 $ 7,601 $ 12 $ 5,101