v3.26.3
CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY AND REDEEMABLE NONCONTROLLING INTERESTS - USD ($)
$ in Millions
Total
Preferred Stock
Common Stock
Paid-in Capital
AOCL
Retained Earnings
Treasury Stock
Noncontrolling Interests
Beginning balance at Dec. 31, 2024 $ 22,133 $ 0 $ 6 $ 16,354 $ (96) [1] $ 1,579 $ (807) $ 5,097
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Net income 691         636   55
Other comprehensive (loss) income (27)       (27) [1]      
Preferred stock dividends 0              
Common stock issued (7)     (21)     14  
Common stock dividends (645)         (645)    
Repurchase of common stock (17)           (17)  
EnLink Acquisition 0   1 4,377       (4,378)
Distributions to noncontrolling interests (25)             (25)
Other, net 17     11   (1)   7
Ending balance at Mar. 31, 2025 22,120 0 7 20,721 (123) [1] 1,569 (810) 756
Beginning balance at Dec. 31, 2024 22,133 0 6 16,354 (96) [1] 1,579 (807) 5,097
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Net income 2,484              
Other comprehensive (loss) income 31              
Ending balance at Sep. 30, 2025 22,157 0 7 20,934 (65) [1] 2,048 (843) 76
Beginning balance at Mar. 31, 2025 22,120 0 7 20,721 (123) [1] 1,569 (810) 756
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Net income 853         841   12
Other comprehensive (loss) income 60       60 [1]      
Common stock issued 16     8     8  
Common stock dividends (644)         (644)    
Delaware Basin JV Acquisition (479)     199       (678)
Distributions to noncontrolling interests (20)             (20)
Other, net (2)     (5)   (1)   4
Ending balance at Jun. 30, 2025 21,904 0 7 20,923 (63) [1] 1,765 (802) 74
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Net income 940         939   1
Other comprehensive (loss) income (2)       (2) [1]      
Common stock issued 6     2     4  
Common stock dividends (656)         (656)    
Delaware Basin JV Acquisition (14)     (14)        
Repurchase of common stock (45)           (45)  
Other, net 24     23       1
Ending balance at Sep. 30, 2025 22,157 $ 0 7 20,934 (65) [1] 2,048 (843) 76
Beginning balance at Dec. 31, 2025 22,569   7 20,961 (27) [2] 2,373 (829) 84
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Net income 776         774   2
Other comprehensive (loss) income (239)       (239) [2]      
Common stock issued 15     4     11  
Common stock dividends (677)         (677)    
Other, net 3         (1)   4
Ending balance at Mar. 31, 2026 22,447   7 20,965 (266) [2] 2,469 (818) 90
Beginning balance at Dec. 31, 2025 0              
Increase (Decrease) in Temporary Equity [Roll Forward]                
Contributions from redeemable noncontrolling interests (Note G) 41              
Ending balance at Mar. 31, 2026 41              
Beginning balance at Dec. 31, 2025 22,569   7 20,961 (27) [2] 2,373 (829) 84
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Net income 3,127              
Other comprehensive (loss) income (177)              
Ending balance at Sep. 30, 2026 32,460   7 20,889 (204) [2] 3,429 (805) 9,144
Beginning balance at Dec. 31, 2025 0              
Ending balance at Sep. 30, 2026 50              
Beginning balance at Mar. 31, 2026 22,447   7 20,965 (266) [2] 2,469 (818) 90
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Net income 966         966    
Other comprehensive (loss) income 238       238 [2]      
Common stock issued 25     15     10  
Common stock dividends (677)         (677)    
Other, net 38     27   1   10
Ending balance at Jun. 30, 2026 23,037   7 21,007 (28) [2] 2,759 (808) 100
Beginning balance at Mar. 31, 2026 41              
Increase (Decrease) in Temporary Equity [Roll Forward]                
Net income 1              
Other, net 2              
Ending balance at Jun. 30, 2026 44              
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Net income 1,384         1,350   34
Other comprehensive (loss) income (176)       (176) [2]      
Common stock issued 8     5     3  
Common stock dividends (680)         (680)    
Contributions from noncontrolling interests (Note E) 9,000             9,000
Other, net (113)     (123)       10
Ending balance at Sep. 30, 2026 32,460   $ 7 $ 20,889 $ (204) [2] $ 3,429 $ (805) $ 9,144
Increase (Decrease) in Temporary Equity [Roll Forward]                
Other, net 6              
Ending balance at Sep. 30, 2026 $ 50              
[1] Accumulated other comprehensive loss
[2] Accumulated other comprehensive loss