v3.26.1
Segment Reporting (Tables)
 6 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
Segment Reporting
The following table summarizes the results of our segment revenue, significant expenses, and net income during the periods presented:
For the Three Months Ended
June 30,
For the Six Months Ended
June 30,
2026202520262025
(in millions)
Total operating revenues and other income$2,500 $793 $3,979 $1,637 
Less:
Lease operating expense268 105 477 214 
Transportation costs143 79 265 148 
Production taxes131 30 212 67 
Ad valorem tax expense14 10 30 20 
Depletion, depreciation, and amortization
592 293 1,024 563 
Exploration21 15 47 27 
General and administrative79 42 253 81 
Net derivative (gain) loss(272)(78)425 (61)
Other operating expense28 2 48 7 
Interest expense111 43 224 87 
Interest income (1)
(4)— (8)— 
Other non-operating expense— — 3 — 
Income tax expense318 51 243 101 
E&P Segment net income (2)
$1,071 $202 $736 $384 
___________________________________________
Note: Amounts may not calculate due to rounding.
(1)    Interest income is included in the Other non-operating income, net line item on the accompanying statements of operations.
(2)    There are no reconciling items between net income presented in the accompanying statements of operations and E&P Segment net income.