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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Cash flows from operating activities:    
Net income $ 186 $ 176
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, depletion, and amortization 445 467
Stock-based compensation 13 11
Derivative (gain) loss, net (52) 110
Derivative cash settlement gain (loss), net 4 (11)
Amortization of deferred financing costs and deferred acquisition consideration 4 12
Deferred income tax expense 56 30
Other, net 10 1
Accounts receivable, net (57) 77
Prepaid expenses and other 4 (7)
Accounts payable, accrued expenses, and other liabilities 0 87
Changes in operating assets and liabilities, net
Net cash provided by operating activities 719 813
Cash flows from investing activities:    
Acquisitions of businesses, net of cash acquired (756) (834)
Acquisitions of crude oil and natural gas properties (17) 0
Capital expenditures for drilling and completion activities and other fixed assets (475) (572)
Proceeds from property transactions 2 93
Other, net 1 0
Net cash used in investing activities (1,245) (1,313)
Cash flows from financing activities:    
Proceeds from credit facility 1,100 300
Payments to credit facility (500) (650)
Dividends paid (50) (148)
Common stock repurchased and retired (71) (67)
Payment of employee tax withholdings in exchange for the return of common stock (5) (7)
Other, net 4 3
Net cash provided by (used in) financing activities 470 (575)
Net change in cash, cash equivalents, and restricted cash (56) (1,075)
Cash, cash equivalents, and restricted cash:    
Beginning of period 76 1,127
End of period $ 20 $ 52