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Consolidated Statement of Cash Flows - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Operating Activities      
Net earnings (loss) $ 1,242 $ 1,125 $ 2,085
Depreciation, depletion and amortization 2,179 2,290 1,825
Impairments 920 450 0
Accretion of asset retirement obligation 28 19 19
Deferred income taxes (514) 144 144
Unrealized (gain) loss on risk management (6) 136 (194)
Unrealized foreign exchange (gain) loss (43) 35 (6)
Foreign exchange (gain) loss on settlements (42) (42) 6
Other 21 (115) 20
Net change in other assets and liabilities (40) (74) (62)
Net change in non-cash working capital (93) (247) 330
Cash From (Used in) Operating Activities 3,652 3,721 4,167
Investing Activities      
Capital expenditures (2,147) (2,303) (2,744)
Acquisitions (2,537) (205) (277)
Corporate acquisition, net of cash acquired 0 12 (3,225)
Proceeds from divestitures 1,927 163 772
Net change in investments and other (127) (124) (45)
Cash From (Used in) Investing Activities (2,884) (2,457) (5,519)
Financing Activities      
Net issuance (repayment) of revolving debt 351 (284) (109)
Issuance of long-term debt 0 0 2,278
Repayment of long-term debt (600) 0 0
Purchase of shares of common stock (307) (597) (426)
Dividends on shares of common stock (308) (316) (307)
Other 102 (34) (77)
Cash From (Used in) Financing Activities (762) (1,231) 1,359
Foreign Exchange Gain (Loss) on Cash, Cash Equivalents and Restricted Cash Held in Foreign Currency (13) 6 (9)
Increase (Decrease) in Cash, Cash Equivalents and Restricted Cash (7) 39 (2)
Cash, Cash Equivalents and Restricted Cash, Beginning of Year 42 3 5
Cash, Cash Equivalents and Restricted Cash, End of Year 35 42 3
Cash, End of Year 23 4 3
Cash Equivalents, End of Year 12 38 0
Restricted Cash, End of Year $ 0 $ 0 $ 0