v3.26.1
OIL AND NATURAL GAS PROPERTIES (Tables)
6 Months Ended
Jun. 30, 2026
Extractive Industries [Abstract]  
Schedule of Oil and Natural Gas Properties
Oil and natural gas properties include the following for the periods presented:

June 30,December 31,
20262025
(In millions)
Oil and natural gas properties:
Proved properties
$9,608 $9,746 
Unproved properties(1)
4,545 4,910 
Gross oil and natural gas properties
14,153 14,656 
Accumulated depletion(1,967)(1,567)
Accumulated impairment(888)(888)
Oil and natural gas properties, net11,298 12,201 
Other property, equipment and land
Accumulated depreciation(1)— 
Property, net of accumulated depletion and impairment$11,305 $12,209 
(1)Unevaluated properties not subject to depletion under full cost pool accounting.