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Properties and Equipment, Net | 9 Months Ended
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Sep. 30, 2025
Property, Plant and Equipment [Abstract] |
Properties and Equipment, Net | Properties and Equipment, Net Properties and equipment, net are comprised of the following:
(In millions) |  | September 30, 2025 |  | December 31, 2024
Proved oil and gas properties |  | $ | 26,401 |  |  | $ | 21,765 |
Unproved oil and gas properties |  | 4,976 |  |  | 4,105 |
Gathering and pipeline systems |  | 1,036 |  |  | 620 |
Land, buildings and other equipment |  | 260 |  |  | 213 |
Finance lease right-of-use asset |  | — |  |  | 26 |
|  | 32,673 |  |  | 26,729 |
Accumulated DD&A |  | (10,506) |  |  | (8,839) |
|  | $ | 22,167 |  |  | $ | 17,890 |
Capitalized Exploratory Well Costs As of and for the nine months ended September 30, 2025, the Company did not have any projects with exploratory well costs capitalized for a period of greater than one year after drilling.

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- Definition The entire disclosure for long-lived, physical asset used in normal conduct of business and not intended for resale. Includes, but is not limited to, work of art, historical treasure, and similar asset classified as collections. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 360 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/360/tableOfContent Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 6 -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477798/958-360-50-6 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (d) -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477798/958-360-50-1 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 7 -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477798/958-360-50-7 + Details
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