v3.26.1
Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Jun. 30, 2026
Dec. 31, 2025
ASSETS    
Cash, cash equivalents and restricted cash $ 1,009 $ 1,434
Accounts receivable 3,162 1,792
Inventory 356 336
Other current assets 522 444
Total current assets 5,049 4,006
Oil and gas property and equipment, based on successful efforts accounting, net 60,899 23,731
Other property and equipment, net 2,199 1,688
Total property and equipment, net 63,098 25,419
Goodwill 753 753
Right-of-use assets 509 299
Investments 992 727
Other long-term assets 492 395
Total assets 70,893 31,599
LIABILITIES AND EQUITY    
Accounts payable 1,626 790
Revenues and royalties payable 2,451 1,491
Short-term debt 1,497 998
Income taxes payable 414 152
Other current liabilities 1,052 655
Total current liabilities 7,040 4,086
Long-term debt 9,891 7,391
Lease liabilities 356 197
Asset retirement obligations 1,169 863
Other long-term liabilities 1,043 907
Deferred income taxes 9,647 2,627
Commitments and contingencies (Note 18)
Stockholders' equity:    
Common stock, $0.10 par value. Authorized 2.0 billion shares; issued 1,150 million and 622 million shares in 2026 and 2025, respectively 115 62
Additional paid-in capital 30,045 5,388
Retained earnings 11,712 10,200
Accumulated other comprehensive loss (120) (122)
Treasury stock, at cost, 0.1 million shares in 2026 (5) 0
Total stockholders' equity 41,747 15,528
Total liabilities and equity $ 70,893 $ 31,599