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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) (in thousands) - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash flows from operating activities:    
Net income $ 736 $ 384
Adjustments to reconcile net income to net cash provided by operating activities:    
Gain on divestiture activity (262) 0
Depletion, depreciation, and amortization 1,024 563
Stock-based compensation expense 36 13
Net derivative (gain) loss 425 (61)
Net derivative settlement gain (loss) (250) 47
Amortization of deferred financing costs and debt premiums, net (10) 5
Deferred income tax expense 231 69
Other, net (38) (4)
Net change in working capital (149) 38
Net cash provided by operating activities 1,743 1,054
Cash flows from investing activities:    
Net proceeds from the sale of oil and gas properties 897 0
Capital expenditures (1,309) (824)
Acquisition of business, net of cash acquired (49) 0
Other (24) (15)
Net cash used in investing activities (485) (839)
Cash flows from financing activities:    
Proceeds from revolving credit facility 341 1,385
Repayment of revolving credit facility (341) (1,453)
Net proceeds from Senior Notes 984 0
Cash paid to repurchase Senior Notes (1,743) 0
Repurchase of common stock 87 1
Dividends paid (135) (46)
Other, net (25) 2
Net cash used in financing activities (1,006) (113)
Net change in cash, cash equivalents, and restricted cash 252 102
Cash, cash equivalents, and restricted cash at beginning of period 368 0
Cash, cash equivalents, and restricted cash at end of period 620 102
Supplemental Cash Flow Information - Operating activities:    
Operating activities: Cash paid for interest, net of capitalized interest (185) (85)
Operating activities: Net cash paid for income taxes (32) (5)
Supplemental Cash Flow Information - Investing activities:    
Investing activities: Changes in capital expenditure accruals $ 80 $ 5