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STOCKHOLDERS' EQUITY (Tables)
9 Months Ended
Sep. 30, 2025
Equity [Abstract]  
Schedule of Share Repurchases
The table below summarizes stock repurchases pursuant to the stock repurchase program during the nine months ended September 30, 2025 and 2024:
Number of SharesWeighted-Average Price
Total Purchase Price (in millions)(1)
2025
ASR Agreement
7,380,558$33.87 $250 
Open market repurchases1,560,30546.08 72 
Total stock repurchases8,940,863$36.00 $322 
2024
Privately negotiated transactions
NGP
876,193$64.54 $57 
Vitol
1,041,66771.99 75 
Open market repurchases2,221,46062.24 138 
Total stock repurchases4,139,320$65.18 $270 
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(1)Excludes commissions paid and excise taxes accrued related to stock repurchases.
Schedule of Dividends Paid
The following table summarizes the dividends declared for the nine months ended September 30, 2025 and 2024:
BaseVariableTotalTotal
(per share)(per share)(per share)(in millions)
2025
First quarter$0.50 $— $0.50 $45 
Second quarter$0.50 $— $0.50 $46 
Third quarter
$0.50 $— $0.50 $43 
2024
First quarter$0.50 $0.95 $1.45 $148 
Second quarter$0.50 $1.00 $1.50 $151 
Third quarter
$0.50 $1.02 $1.52 $145