v3.26.1
PROPERTY AND EQUIPMENT (Tables)
 6 Months Ended
Jun. 30, 2026
Property, Plant, and Equipment [Abstract]  
Schedule of Property and Equipment
Property and equipment includes the following as of the dates indicated:

June 30,December 31,
20262025
(In millions)
Oil and natural gas properties:
Proved properties$74,385 $71,588 
Unproved properties(1)
23,193 23,941 
Gross oil and natural gas properties97,578 95,529 
Accumulated depletion(18,475)(15,974)
Accumulated impairment(13,007)(11,606)
Oil and natural gas properties, net66,096 67,949 
Other property, equipment and land899 874 
Accumulated depreciation, amortization, accretion and impairment(223)(202)
Total property and equipment, net$66,772 $68,621 
(1)    Unevaluated properties not subject to depletion under full cost accounting.