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Stockholders' Equity
 6 Months Ended
Jun. 30, 2023
Equity [Abstract]  
Stockholders' Equity Stockholders’ Equity
Dividends
The following table summarizes the Company’s fixed and variable dividends declared for the six months ended June 30, 2023 and 2022, respectively.
Rate per Share
BaseVariableSpecialTotalTotal Dividends Declared
(In thousands)
Q2 2023$1.25 $1.97 $— $3.22 $137,507 
Q1 20231.25 3.55 — 4.80 204,884 
Total$2.50 $5.52 $— $8.02 $342,391 
Q2 2022$0.585 $2.940 $15.000 $18.525 $379,369 
Q1 20220.585 3.000 — 3.585 73,074 
Total $1.170 $5.940 $15.000 $22.110 $452,443 
Total dividends declared in the table above includes $3.8 million and $8.8 million associated with dividend equivalent rights on unvested equity-based compensation awards for the three and six months ended June 30, 2023, respectively, and $15.2 million and $18.3 million for the three and six months ended June 30, 2022, respectively.
On August 2, 2023, the Company declared a base-plus-variable cash dividend of $1.36 per share of common stock. The dividend will be payable on August 29, 2023 to shareholders of record as of August 15, 2023.
Share-Repurchase Program
During the six months ended June 30, 2023, the Company repurchased 319,458 shares of common stock at a weighted average price of $143.41 per common share for a total cost of $45.8 million. As of June 30, 2023, there was $227.1 million remaining under the Company’s share-repurchase program.
The Company repurchased no shares of common stock during the six months ended June 30, 2022.
Warrants
The following table summarizes the Company’s outstanding warrants as of June 30, 2023:
Warrants(1)
Exercise Price
Legacy Oasis701,525$75.57 
Legacy Whiting - Series A2,774,568$116.37 
Legacy Whiting - Series B1,394,017$133.70 
Total4,870,110
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(1)Represents the number of warrants in terms of shares of Chord common stock.
During the three and six months ended June 30, 2023, there were 26,448 and 109,402 warrants exercised, respectively.