v3.26.1
Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Mar. 31, 2026
Dec. 31, 2025
ASSETS    
Cash, cash equivalents and restricted cash $ 1,815 $ 1,434
Accounts receivable 2,250 1,792
Inventory 319 336
Other current assets 378 444
Total current assets 4,762 4,006
Oil and gas property and equipment, based on successful efforts accounting, net 23,912 23,731
Other property and equipment, net 1,686 1,688
Property and equipment, net 25,598 25,419
Goodwill 753 753
Right-of-use assets 312 299
Investments 715 727
Other long-term assets 403 395
Total assets 32,543 31,599
LIABILITIES AND EQUITY    
Accounts payable 975 790
Revenues and royalties payable 1,678 1,491
Short-term debt 999 998
Other current liabilities 1,082 807
Total current liabilities 4,734 4,086
Long-term debt 7,387 7,391
Lease liabilities 206 197
Asset retirement obligations 986 863
Other long-term liabilities 940 907
Deferred income taxes 2,862 2,627
Stockholders' equity:    
Common stock, $0.10 par value. Authorized 1.0 billion shares; issued 621 million and 622 million shares in 2026 and 2025, respectively 62 62
Additional paid-in capital 5,316 5,388
Retained earnings 10,171 10,200
Accumulated other comprehensive loss (121) (122)
Total stockholders' equity 15,428 15,528
Total equity 15,428 15,528
Total liabilities and equity $ 32,543 $ 31,599