v3.26.1
CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY AND REDEEMABLE NONCONTROLLING INTERESTS - USD ($)
$ in Millions
Total
Common Stock
Paid-in Capital
AOCL
Retained Earnings
Treasury Stock
Noncontrolling Interests
Preferred Stock
Beginning balance at Dec. 31, 2024 $ 22,133 $ 6 $ 16,354 $ (96) [1] $ 1,579 $ (807) $ 5,097 $ 0
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Net income 691       636   55  
Other comprehensive income (loss) (27)     (27) [1]        
Common stock issued (7)   (21)     14    
Common stock dividends (645)       (645)      
Repurchase of common stock (17)         (17)    
EnLink Acquisition 0 1 4,377       (4,378)  
Distributions to noncontrolling interests (25)           (25)  
Contributions from noncontrolling interests 4           4  
Other, net 13   11   (1)   3  
Ending balance at Mar. 31, 2025 22,120 7 20,721 (123) [1] 1,569 (810) 756 0
Beginning balance at Dec. 31, 2024 22,133 6 16,354 (96) [1] 1,579 (807) 5,097 0
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Other comprehensive income (loss) 33              
Ending balance at Jun. 30, 2025 21,904 7 20,923 (63) [1] 1,765 (802) 74 0
Beginning balance at Mar. 31, 2025 22,120 7 20,721 (123) [1] 1,569 (810) 756 0
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Net income 853       841   12  
Other comprehensive income (loss) 60     60 [1]        
Common stock issued 16   8     8    
Common stock dividends (644)       (644)      
Delaware Basin JV Acquisition (479)   199       (678)  
Distributions to noncontrolling interests (20)           (20)  
Contributions from noncontrolling interests 6           6  
Other, net (8)   (5)   (1)   (2)  
Ending balance at Jun. 30, 2025 21,904 7 20,923 (63) [1] 1,765 (802) 74 $ 0
Beginning balance at Dec. 31, 2025 22,569 7 20,961 (27) [2] 2,373 (829) 84  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Net income 776       774   2  
Other comprehensive income (loss) (239)     (239) [2]        
Common stock issued 15   4     11    
Common stock dividends (677)       (677)      
Distributions to noncontrolling interests (2)           (2)  
Contributions from noncontrolling interests 6           6  
Other, net (1)       (1)      
Ending balance at Mar. 31, 2026 22,447 7 20,965 (266) [2] 2,469 (818) 90  
Beginning balance at Dec. 31, 2025 0              
Increase (Decrease) in Temporary Equity [Roll Forward]                
Contributions from redeemable noncontrolling interests (Note F) 41              
Ending balance at Mar. 31, 2026 41              
Beginning balance at Dec. 31, 2025 22,569 7 20,961 (27) [2] 2,373 (829) 84  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Other comprehensive income (loss) (1)              
Ending balance at Jun. 30, 2026 23,037 7 21,007 (28) [2] 2,759 (808) 100  
Beginning balance at Dec. 31, 2025 0              
Ending balance at Jun. 30, 2026 44              
Beginning balance at Mar. 31, 2026 22,447 7 20,965 (266) [2] 2,469 (818) 90  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Net income 966       966      
Other comprehensive income (loss) 238     238 [2]        
Common stock issued 25   15     10    
Common stock dividends (677)       (677)      
Distributions to noncontrolling interests (2)           (2)  
Contributions from noncontrolling interests 11           11  
Other, net 29   27   1   1  
Ending balance at Jun. 30, 2026 23,037 $ 7 $ 21,007 $ (28) [2] $ 2,759 $ (808) $ 100  
Beginning balance at Mar. 31, 2026 41              
Increase (Decrease) in Temporary Equity [Roll Forward]                
Net income 1              
Contributions from redeemable noncontrolling interests (Note F) 2              
Ending balance at Jun. 30, 2026 $ 44              
[1] Accumulated other comprehensive loss
[2] Accumulated other comprehensive loss