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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($) shares in Thousands, $ in Millions | 3 Months Ended
--- | ---
Mar. 31, 2024 | Mar. 31, 2023
Revenues and other: |  |
Natural gas and oil derivatives | $ 172 | $ 930
Gains on sales of assets | 8 | 335
Total revenues and other | 1,081 | 3,370
Operating expenses: |  |
Production | 59 | 131
Gathering, processing and transportation | 173 | 264
Severance and ad valorem taxes | 29 | 69
Exploration | 2 | 7
General and administrative | 47 | 35
Depreciation, depletion and amortization | 399 | 390
Other operating expense, net | 17 | 3
Total operating expenses | 1,049 | 1,550
Income from operations | 32 | 1,820
Other income (expense): |  |
Interest expense | (19) | (37)
Other income | 20 | 10
Total other income (expense) | 1 | (27)
Income before income taxes | 33 | 1,793
Income tax expense | 7 | 404
Net income, basic | 26 | 1,389
Net income, diluted | $ 26 | $ 1,389
Earnings per common share: |  |
Basic (in dollars per share) | $ 0.20 | $ 10.31
Diluted (in dollars per share) | $ 0.18 | $ 9.60
Weighted average common shares outstanding (in thousands): |  |
Basic (in shares) | 130,893 | 134,742
Diluted (in shares) | 141,752 | 144,731
Natural gas, oil and NGL |  |
Revenues and other: |  |
Revenue | $ 589 | $ 1,453
Marketing |  |
Revenues and other: |  |
Revenue | 312 | 652
Operating expenses: |  |
Marketing | $ 323 | $ 651

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