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Stock-Based Compensation (Tables)
9 Months Ended
Sep. 30, 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
September 30,
Nine Months Ended
September 30,
 2025202420252024
Lease and Well$20 $22 $55 $50 
Gathering, Processing and Transportation Costs
Exploration Costs21 20 
General and Administrative25 26 76 73 
Total$53 $58 $156 $148 
Schedule of Restricted Stock and Restricted Stock Unit Transactions
The following table sets forth restricted stock and restricted stock unit transactions for the nine-month periods ended September 30, 2025 and 2024 (shares and units in thousands):
Nine Months Ended
September 30, 2025
Nine Months Ended
September 30, 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 14,699 $122.64 4,364 $111.24 
Granted2,083 117.58 1,822 122.35 
Released (1)
(1,355)113.54 (1,264)85.21 
Forfeited(131)123.77 (143)113.78 
Outstanding at September 30 (2)
5,296 $122.94 4,779 $122.28 
(1)The total intrinsic value of restricted stock and restricted stock units released during the nine months ended September 30, 2025 and 2024, was $154 million and $155 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 September 30, 2025 and 2024, was $594 million and $588 million, respectively.
Schedule of Performance Award Transactions
The following table sets forth the Performance Unit transactions for the nine-month periods ended September 30, 2025 and 2024 (units in thousands):
Nine Months Ended
September 30, 2025
Nine Months Ended
September 30, 2024
Number of
Units
Weighted
Average
Grant Date Fair Value
Number of
Units
Weighted
Average
Grant Date Fair Value
Outstanding at January 1559 $119.05 630 $95.49 
Granted147 122.70 109 130.31 
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 September 30 (4)
493 (5)$129.87 559 $119.05 
(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 nine months ended September 30, 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 September 30, 2025 and 2024, was $55 million and $69 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 986 Performance Units could be outstanding.