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Stock-Based Compensation (Tables) | 3 Months Ended
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Mar. 31, 2025
Share-Based Payment Arrangement [Abstract] |
Schedule of Employee Service Share-based Compensation, Allocation of Recognized Period Costs | Stock-based compensation expense is included on the Condensed Consolidated Statements of Income and Comprehensive Income based upon the job function of the employees receiving the grants as follows (in millions):
| Three Months Ended March 31, |  |
| 2025 |  | 2024 |  |  |  |
Lease and Well | $ | 17 |  |  | $ | 13 |  |  |  |  |
Gathering, Processing and Transportation Costs | 1 |  |  | 2 |  |  |  |  |
Exploration Costs | 7 |  |  | 6 |  |  |  |  |
General and Administrative | 25 |  |  | 24 |  |  |  |  |
Total | $ | 50 |  |  | $ | 45 |  |  |  |  |
Schedule of Restricted Stock and Restricted Stock Unit Transactions | The following table sets forth restricted stock and restricted stock unit transactions for the three-month periods ended March 31, 2025 and 2024 (shares and units in thousands):
| Three Months Ended March 31, 2025 |  | Three Months Ended March 31, 2024
| Number of Shares and Units |  | Weighted Average Grant Date Fair Value |  | Number of Shares and Units |  | Weighted Average Grant Date Fair Value
Outstanding at January 1 | 4,699 |  |  | $ | 122.64 |  |  | 4,364 |  |  | $ | 111.24 |
Granted | 41 |  |  | 121.85 |  |  | 60 |  |  | 116.42 |
Released (1) | (39) |  |  | 116.64 |  |  | (91) |  |  | 96.26 |
Forfeited | (36) |  |  | 123.02 |  |  | (78) |  |  | 113.86 |
Outstanding at March 31 (2) | 4,665 |  |  | $ | 122.67 |  |  | 4,255 |  |  | $ | 111.58 |
(1)The total intrinsic value of restricted stock and restricted stock units released during the three months ended March 31, 2025 and 2024, was $5 million and $11 million, respectively. The intrinsic value is based upon the closing price of the Common Stock on the date the restricted stock and restricted stock units are released. (2)The total intrinsic value of restricted stock and restricted stock units outstanding at March 31, 2025 and 2024, was $598 million and $544 million, respectively.
Schedule of Performance Award Transactions | The following table sets forth the Performance Unit transactions for the three-month periods ended March 31, 2025 and 2024 (units in thousands):
| Three Months Ended March 31, 2025 |  | Three Months Ended March 31, 2024
| Number of Units |  | Weighted Average Grant Date Fair Value |  | Number of Units |  | Weighted Average Grant Date Fair Value
Outstanding at January 1 | 559 |  |  | $ | 119.05 |  |  | 630 |  |  | $ | 95.49 |
Granted | 8 |  |  | 134.49 |  |  | 6 |  |  | 125.28 |
Granted for Performance Multiple (1) | 54 |  |  | 96.61 |  |  | — |  |  | — |
Released (2) | (267) |  |  | 96.61 |  |  | (45) |  |  | 43.33 |
Forfeited for Performance Multiple (3) | — |  |  | — |  |  | (135) |  |  | 43.33 |
Outstanding at March 31 (4) | 354 |  | (5) | $ | 132.97 |  |  | 456 |  |  | $ | 116.45 |
(1)Upon completion of the Performance Period for the Performance Units granted in 2021, a performance multiple of 125% was applied to each of the grants resulting in additional grants of Performance Units in February 2025. (2)The total intrinsic value of Performance Units released was $34 million and $5 million for the three months ended March 31, 2025 and 2024, respectively. The intrinsic value is based upon the closing price of the Common Stock on the date the Performance Units are released. (3)Upon completion of the Performance Period for the Performance Units granted in 2020, a performance multiple of 25% was applied to each of the grants resulting in a forfeiture of Performance Units in February 2024. (4)The total intrinsic value of Performance Units outstanding at March 31, 2025 and 2024, was $45 million and $58 million, respectively. (5)Upon the application of the relevant performance multiple at the completion of each of the remaining Performance Periods, a minimum of zero and a maximum of 708 Performance Units could be outstanding.

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- Definition Tabular disclosure of allocation of amount expensed and capitalized for award under share-based payment arrangement to statement of income or comprehensive income and statement of financial position. Includes, but is not limited to, corresponding line item in financial statement. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
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