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v3.25.3

Segment Information - Schedule of Selected Financial Information by Reportable Segment (Details) - USD ($) $ in Millions | 3 Months Ended | 9 Months Ended |
--- | --- | --- | ---
Sep. 30, 2025 | Sep. 30, 2024 | Sep. 30, 2025 | Sep. 30, 2024 | Dec. 31, 2024
Selected Information [Line Items] |  |  |  |  |
Gains (Losses) on Asset Dispositions, Net | $ (18) | $ (7) | $ (19) | $ 39 |
Operating Revenues and Other | 5,847 | 5,965 | 16,994 | 18,113 |
Lease and Well | 431 | 392 | 1,228 | 1,178 |
Gathering, Processing and Transportation Costs | 587 | 445 | 1,482 | 1,281 |
Marketing Costs | 1,134 | 1,500 | 3,675 | 4,394 |
Depreciation, Depletion and Amortization | 1,169 | 1,031 | 3,235 | 3,089 |
General and Administrative | 239 | 167 | 596 | 480 |
Taxes Other Than Income | 309 | 283 | 951 | 958 |
Operating Income (Loss) | 1,836 | 2,089 | 5,442 | 6,490 |
Interest Income | 57 | 76 | 181 | 208 |
Other Income (Expense) | 2 | 0 | (2) | (4) |
Interest Expense, Net | (71) | (31) | (169) | (100) |
Income Before Income Taxes | 1,824 | 2,134 | 5,452 | 6,594 |
Additions to Oil and Gas Properties, Excluding Dry Hole Costs | 8,128 | 1,280 | 11,174 | 4,205 |
Total Property, Plant and Equipment, Net | 42,585 | 34,126 | 42,585 | 34,126 | $ 34,212
Total Assets | 52,199 | 46,151 | 52,199 | 46,151 | $ 47,186
Encino |  |  |  |  |
Selected Information [Line Items] |  |  |  |  |
Properties acquired | 6,633 |  | 6,633 |  |
Crude Oil and Condensate |  |  |  |  |
Selected Information [Line Items] |  |  |  |  |
Revenue from contract with customer | 3,243 | 3,488 | 9,510 | 10,660 |
NGLs |  |  |  |  |
Selected Information [Line Items] |  |  |  |  |
Revenue from contract with customer | 604 | 524 | 1,710 | 1,552 |
Natural Gas |  |  |  |  |
Selected Information [Line Items] |  |  |  |  |
Revenue from contract with customer | 707 | 372 | 1,944 | 1,057 |
Gains On Mark-To-Market Financial Commodity and Other Derivative Contracts, Net |  |  |  |  |
Selected Information [Line Items] |  |  |  |  |
Revenue not from contract with customer | 116 | 79 | 32 | 269 |
Gathering, Processing and Marketing |  |  |  |  |
Selected Information [Line Items] |  |  |  |  |
Revenue from contract with customer | 1,178 | 1,481 | 3,765 | 4,459 |
Other, Net |  |  |  |  |
Selected Information [Line Items] |  |  |  |  |
Revenue not from contract with customer | 17 | 28 | 52 | 77 |
United States |  |  |  |  |
Selected Information [Line Items] |  |  |  |  |
Gains (Losses) on Asset Dispositions, Net | (18) | (8) | (18) | 44 |
Operating Revenues and Other | 5,754 | 5,881 | 16,722 | 17,897 |
Lease and Well | 413 | 380 | 1,181 | 1,147 |
Gathering, Processing and Transportation Costs | 587 | 445 | 1,481 | 1,281 |
Marketing Costs | 1,134 | 1,500 | 3,675 | 4,394 |
Depreciation, Depletion and Amortization | 1,134 | 996 | 3,113 | 2,987 |
General and Administrative | 232 | 162 | 572 | 465 |
Taxes Other Than Income | 307 | 281 | 947 | 955 |
Other Segment Items | 113 | 54 | 274 | 194 |
Operating Income (Loss) | 1,834 | 2,063 | 5,479 | 6,474 |
Interest Income | 53 | 71 | 169 | 192 |
Interest Expense, Net | (71) | (31) | (169) | (100) |
Additions to Oil and Gas Properties, Excluding Dry Hole Costs | 8,046 | 1,246 | 11,030 | 4,089 |
Total Property, Plant and Equipment, Net | 42,024 | 33,683 | 42,024 | 33,683 |
Total Assets | 50,783 | 44,867 | 50,783 | 44,867 |
United States | Crude Oil and Condensate |  |  |  |  |
Selected Information [Line Items] |  |  |  |  |
Revenue from contract with customer | 3,234 | 3,482 | 9,489 | 10,646 |
United States | NGLs |  |  |  |  |
Selected Information [Line Items] |  |  |  |  |
Revenue from contract with customer | 604 | 524 | 1,710 | 1,552 |
United States | Natural Gas |  |  |  |  |
Selected Information [Line Items] |  |  |  |  |
Revenue from contract with customer | 626 | 296 | 1,696 | 852 |
United States | Gains On Mark-To-Market Financial Commodity and Other Derivative Contracts, Net |  |  |  |  |
Selected Information [Line Items] |  |  |  |  |
Revenue not from contract with customer | 116 | 79 | 32 | 269 |
United States | Gathering, Processing and Marketing |  |  |  |  |
Selected Information [Line Items] |  |  |  |  |
Revenue from contract with customer | 1,175 | 1,481 | 3,761 | 4,458 |
United States | Other, Net |  |  |  |  |
Selected Information [Line Items] |  |  |  |  |
Revenue not from contract with customer | 17 | 27 | 52 | 76 |
Trinidad |  |  |  |  |
Selected Information [Line Items] |  |  |  |  |
Gains (Losses) on Asset Dispositions, Net | 0 | 1 | 0 | (5) |
Operating Revenues and Other | 92 | 84 | 272 | 216 |
Lease and Well | 13 | 12 | 37 | 31 |
Gathering, Processing and Transportation Costs | 0 | 0 | 1 | 0 |
Marketing Costs | 0 | 0 | 0 | 0 |
Depreciation, Depletion and Amortization | 35 | 35 | 122 | 101 |
General and Administrative | 5 | 4 | 13 | 11 |
Taxes Other Than Income | 1 | 1 | 3 | 2 |
Other Segment Items | 21 | 2 | 61 | 9 |
Operating Income (Loss) | 17 | 30 | 35 | 62 |
Interest Income | 3 | 4 | 8 | 12 |
Interest Expense, Net | 0 | 0 | 0 | 0 |
Additions to Oil and Gas Properties, Excluding Dry Hole Costs | 48 | 31 | 107 | 112 |
Total Property, Plant and Equipment, Net | 499 | 422 | 499 | 422 |
Total Assets | 1,145 | 1,094 | 1,145 | 1,094 |
Trinidad | Crude Oil and Condensate |  |  |  |  |
Selected Information [Line Items] |  |  |  |  |
Revenue from contract with customer | 9 | 6 | 21 | 14 |
Trinidad | NGLs |  |  |  |  |
Selected Information [Line Items] |  |  |  |  |
Revenue from contract with customer | 0 | 0 | 0 | 0 |
Trinidad | Natural Gas |  |  |  |  |
Selected Information [Line Items] |  |  |  |  |
Revenue from contract with customer | 80 | 76 | 247 | 205 |
Trinidad | Gains On Mark-To-Market Financial Commodity and Other Derivative Contracts, Net |  |  |  |  |
Selected Information [Line Items] |  |  |  |  |
Revenue not from contract with customer | 0 | 0 | 0 | 0 |
Trinidad | Gathering, Processing and Marketing |  |  |  |  |
Selected Information [Line Items] |  |  |  |  |
Revenue from contract with customer | 3 | 0 | 4 | 1 |
Trinidad | Other, Net |  |  |  |  |
Selected Information [Line Items] |  |  |  |  |
Revenue not from contract with customer | 0 | 1 | 0 | 1 |
Other International |  |  |  |  |
Selected Information [Line Items] |  |  |  |  |
Gains (Losses) on Asset Dispositions, Net | 0 | 0 | (1) | 0 |
Operating Revenues and Other | 1 | 0 | 0 | 0 |
Lease and Well | 5 | 0 | 10 | 0 |
Gathering, Processing and Transportation Costs | 0 | 0 | 0 | 0 |
Marketing Costs | 0 | 0 | 0 | 0 |
Depreciation, Depletion and Amortization | 0 | 0 | 0 | 1 |
General and Administrative | 2 | 1 | 11 | 4 |
Taxes Other Than Income | 1 | 1 | 1 | 1 |
Other Segment Items | 8 | 2 | 50 | 40 |
Operating Income (Loss) | (15) | (4) | (72) | (46) |
Interest Income | 1 | 1 | 4 | 4 |
Interest Expense, Net | 0 | 0 | 0 | 0 |
Additions to Oil and Gas Properties, Excluding Dry Hole Costs | 34 | 3 | 37 | 4 |
Total Property, Plant and Equipment, Net | 62 | 21 | 62 | 21 |
Total Assets | 271 | 190 | 271 | 190 |
Other International | Crude Oil and Condensate |  |  |  |  |
Selected Information [Line Items] |  |  |  |  |
Revenue from contract with customer | 0 | 0 | 0 | 0 |
Other International | NGLs |  |  |  |  |
Selected Information [Line Items] |  |  |  |  |
Revenue from contract with customer | 0 | 0 | 0 | 0 |
Other International | Natural Gas |  |  |  |  |
Selected Information [Line Items] |  |  |  |  |
Revenue from contract with customer | 1 | 0 | 1 | 0 |
Other International | Gains On Mark-To-Market Financial Commodity and Other Derivative Contracts, Net |  |  |  |  |
Selected Information [Line Items] |  |  |  |  |
Revenue not from contract with customer | 0 | 0 | 0 | 0 |
Other International | Gathering, Processing and Marketing |  |  |  |  |
Selected Information [Line Items] |  |  |  |  |
Revenue from contract with customer | 0 | 0 | 0 | 0 |
Other International | Other, Net |  |  |  |  |
Selected Information [Line Items] |  |  |  |  |
Revenue not from contract with customer | $ 0 | $ 0 | $ 0 | $ 0 |

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