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CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS (Unaudited) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 677 $ 608
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation, depletion and amortization 369 360
Deferred income tax expense 23 36
Gain on sale of assets (5) (2)
(Gain) loss on derivative instruments (138) 391
Net cash received (paid) in settlement of derivative instruments 100 (171)
Amortization of debt premium and debt issuance costs (4) (10)
Stock-based compensation and other 17 20
Changes in assets and liabilities:    
Accounts receivable, net 446 (57)
Income taxes 170 124
Inventories 7 (2)
Other current assets 1 2
Accounts payable and accrued liabilities (198) 21
Interest payable (6) 1
Other assets and liabilities 35 1
Net cash provided by operating activities 1,494 1,322
CASH FLOWS FROM INVESTING ACTIVITIES    
Capital expenditures for drilling, completion and other fixed asset additions (483) (270)
Capital expenditures for leasehold and property acquisitions (1) (1)
Proceeds from sale of assets 5 2
Net cash used in investing activities (479) (269)
CASH FLOWS FROM FINANCING ACTIVITIES    
Repayments of finance leases (2) (2)
Common stock repurchases (268) (184)
Dividends paid (436) (456)
Cash received for stock option exercises 0 6
Cash paid for conversion of redeemable preferred stock (1) 0
Tax withholding on vesting of stock awards (1) (6)
Capitalized debt issuance costs (7) 0
Net cash used in financing activities (715) (642)
Net increase in cash, cash equivalents and restricted cash 300 411
Cash, cash equivalents and restricted cash, beginning of period 683 1,046
Cash, cash equivalents and restricted cash, end of period $ 983 $ 1,457