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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
CASH FLOW FROM OPERATING ACTIVITIES      
Net income $ 376 $ 564 $ 524
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation, depletion and amortization 388 225 198
Deferred income tax provision 71 35 226
Asset impairments 14 3 2
Net (gain) loss from commodity derivatives (211) 20 551
Settlement payments from commodity derivatives (64) (272) (738)
Loss on early extinguishment of debt 5 1 0
Net gain on asset divestitures (11) (32) (59)
Other non-cash charges to income, net 139 103 43
Changes in operating assets and liabilities, net:      
Decrease (increase) in trade receivables 58 110 (81)
(Increase) in inventories (1) (12) 0
Decrease in other current assets, net 28 0 35
Decrease in accounts payable and accrued liabilities (182) (92) (11)
Net cash provided by operating activities 610 653 690
CASH FLOW FROM INVESTING ACTIVITIES      
Capital investments (255) (185) (379)
Changes in accrued capital investments 29 (13) 1
Proceeds from asset divestitures 15 32 80
Purchase of a business, net of cash acquired (853) 0 0
Acquisitions (6) (5) (17)
Distribution related to the Carbon TerraVault JV 0 0 12
Capitalized joint venture transaction costs 0 0 (12)
Other (7) (4) (2)
Net cash used in investing activities (1,077) (175) (317)
CASH FLOW FROM FINANCING ACTIVITIES      
Proceeds from 2029 Senior Notes, net 888 0 0
Debt repurchases (303) (56) 0
Debt amendment costs (18) (8) 0
Repurchases of common stock (192) (143) (313)
Common stock dividends (113) (81) (59)
Payments on equity-settled awards (4) 0 0
Issuance of common stock 2 2 1
Bridge loan commitments (5) 0 0
Stock warrants exercised 130 0 0
Shares cancelled for taxes (42) (3) 0
Net cash provided by (used in) financing activities 343 (289) (371)
(Decrease) increase in cash (124) 189 2
Cash and cash equivalents—beginning of period 496 307 305
Cash and cash equivalents—end of period 372 496 307
Revolving Credit Facility      
CASH FLOW FROM FINANCING ACTIVITIES      
Proceeds from Revolving Credit Facility 30 0 0
Repayments of Revolving Credit Facility $ (30) $ 0 $ 0