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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
CASH FLOW FROM OPERATING ACTIVITIES    
Net (loss) income $ (10) $ 301
Adjustments to reconcile net (loss) income to net cash provided by operating activities:    
Depreciation, depletion and amortization 53 58
Deferred income tax (benefit) provision (9) 47
Asset impairment 0 3
Net loss (gain) from commodity derivatives 72 (42)
Net payments on settled commodity derivatives (14) (65)
Gain on asset divestitures (6) (7)
Other non-cash charges to income, net 6 21
Changes in operating assets and liabilities, net (5) (6)
Net cash provided by operating activities 87 310
CASH FLOW FROM INVESTING ACTIVITIES    
Capital investments (54) (47)
Changes in accrued capital investments (4) (13)
Proceeds from asset divestitures, net 10 0
Other, net (1) (1)
Net cash used in investing activities (49) (61)
CASH FLOW FROM FINANCING ACTIVITIES    
Repurchases of common stock (58) (59)
Common stock dividends (21) (20)
Payments on equity-settled awards (4) 0
Issuance of common stock 1 1
Bridge loan commitment and debt amendment costs (8) 0
Shares cancelled for taxes (41) (1)
Net cash used in financing activities (131) (79)
(Decrease) increase in cash and cash equivalents (93) 170
Cash and cash equivalents—beginning of period 496 307
Cash and cash equivalents—end of period $ 403 $ 477