DERIVATIVES - Components of Derivative Gain (Loss) (Details) - USD ($) $ in Millions |
3 Months Ended | |
---|---|---|
Mar. 31, 2025 |
Mar. 31, 2024 |
|
Components of the derivative gain (loss) | ||
Total derivative gain (loss), net | $ 52 | $ (110) |
Commodity derivative | ||
Components of the derivative gain (loss) | ||
Total derivative cash settlement gain (loss), net | 4 | (11) |
Change in fair value gain (loss) | 48 | (99) |
Total derivative gain (loss), net | 52 | (110) |
Commodity derivative | Crude oil contracts | ||
Components of the derivative gain (loss) | ||
Total derivative cash settlement gain (loss), net | 1 | (11) |
Commodity derivative | Natural gas contracts | ||
Components of the derivative gain (loss) | ||
Total derivative cash settlement gain (loss), net | $ 3 | $ 0 |