| REVENUE FROM CONTRACTS WITH CUSTOMERS |
REVENUE FROM CONTRACTS WITH CUSTOMERS Revenue from Contracts with Customers
The following tables present the Company’s revenue from contracts with customers:
| | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, | | Six Months Ended June 30, | | 2026 | | 2025 | | 2026 | | 2025 | | (In millions) | | Oil sales | $ | 4,627 | | | $ | 2,852 | | | $ | 8,072 | | | $ | 5,891 | | | Natural gas sales | (276) | | | 97 | | | (255) | | | 309 | | | Natural gas liquid sales | 435 | | | 367 | | | 794 | | | 773 | | | Total oil, natural gas and natural gas liquid revenues | 4,786 | | | 3,316 | | | 8,611 | | | 6,973 | | | Sales of purchased oil | 739 | | | 335 | | | 1,124 | | | 709 | | | Other service revenues | 21 | | | 15 | | | 34 | | | 30 | | | Total revenue from contracts with customers | $ | 5,546 | | | $ | 3,666 | | | $ | 9,769 | | | $ | 7,712 | |
The following tables present the Company’s revenue from oil, natural gas and natural gas liquids disaggregated by basin:
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, 2026 | | Three Months Ended June 30, 2025 | | Midland Basin | | Delaware Basin | | Other | | Total | | Midland Basin | | Delaware Basin | | Other | | Total | | (In millions) | | Oil sales | $ | 4,289 | | | $ | 337 | | | $ | 1 | | | $ | 4,627 | | | $ | 2,626 | | | $ | 206 | | | $ | 20 | | | $ | 2,852 | | | Natural gas sales | (267) | | | (11) | | | 2 | | | (276) | | | 89 | | | 8 | | | — | | | 97 | | | Natural gas liquid sales | 407 | | | 28 | | | — | | | 435 | | | 335 | | | 32 | | | — | | | 367 | | | Total | $ | 4,429 | | | $ | 354 | | | $ | 3 | | | $ | 4,786 | | | $ | 3,050 | | | $ | 246 | | | $ | 20 | | | $ | 3,316 | | | | | | | | | | | | | | | | | | | Six Months Ended June 30, 2026 | | Six Months Ended June 30, 2025 | | Midland Basin | | Delaware Basin | | Other | | Total | | Midland Basin | | Delaware Basin | | Other | | Total | | (In millions) | | Oil sales | $ | 7,472 | | | $ | 584 | | | $ | 16 | | | $ | 8,072 | | | $ | 5,427 | | | $ | 442 | | | $ | 22 | | | $ | 5,891 | | | Natural gas sales | (256) | | | (4) | | | 5 | | | (255) | | | 280 | | | 28 | | | 1 | | | 309 | | | Natural gas liquid sales | 731 | | | 61 | | | 2 | | | 794 | | | 709 | | | 63 | | | 1 | | | 773 | | | Total | $ | 7,947 | | | $ | 641 | | | $ | 23 | | | $ | 8,611 | | | $ | 6,416 | | | $ | 533 | | | $ | 24 | | | $ | 6,973 | |
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