v3.26.3
EQUITY-BASED COMPENSATION (Tables)
9 Months Ended
Sep. 30, 2026
Share-Based Payment Arrangement [Abstract]  
Schedule of Effects of Stock-Based Compensation Plans and Related Costs
The following table presents the financial statement impacts of equity compensation plans and related costs on the Company’s financial statements:

Three Months Ended September 30,Nine Months Ended September 30,
2026202520262025
(In millions)
General and administrative expenses$26 $22 $72 $61 
Equity-based compensation capitalized pursuant to full cost method of accounting for oil and natural gas properties$11 $9 $29 $24 
Schedule of Restricted Stock Units
The following table presents the Company’s RSU activity during the nine months ended September 30, 2026, under the Equity Plan:

Restricted Stock
 Units
Weighted Average Grant-Date
Fair Value
Unvested at December 31, 2025
890,062 $153.87 
Granted570,238 $179.10 
Vested(153,887)$163.17 
Forfeited(63,872)$163.28 
Unvested at September 30, 2026
1,242,541 $163.81 
Schedule of Performance Restricted Stock Units Activity
The following table presents the Company’s PSU activity during the nine months ended September 30, 2026:

Performance-Based Restricted Stock UnitsWeighted Average Grant-Date Fair Value
Unvested at December 31, 2025
327,931 $254.50 
Granted171,806 $235.63 
Vested(20,654)$217.72 
Forfeited(7,191)$258.56 
Unvested at September 30, 2026(1)
471,892 $249.18 
(1)A maximum of 1,153,030 units could be awarded based upon the Company’s final TSR ranking.
Schedule of Grant-Date Fair Values of Performance Restricted Stock Units Granted and Related Assumptions
The following table presents a summary of the grant-date fair values of PSUs granted and the related assumptions for the awards granted during the nine months ended September 30, 2026:

Grant-date fair value$235.63 
Risk-free rate3.4 %
Company volatility32.0 %