v3.26.3
Segment Reporting (Tables)
 9 Months Ended
Sep. 30, 2026
Segment Reporting [Abstract]  
Segment Reporting
The following table summarizes our segment revenue, significant expenses, and net income during the periods presented:
For the Three Months Ended
September 30,
For the Nine Months Ended
September 30,
2026202520262025
(in millions)
Total operating revenues and other income$2,170 $812 $6,149 $2,449 
Less:
Lease operating expense280 112 757 325 
Transportation costs141 74 406 222 
Production taxes138 33 350 100 
Ad valorem tax expense15 10 45 30 
Depletion, depreciation, and amortization
590 325 1,614 888 
Exploration22 12 69 39 
General and administrative56 39 309 121 
Net derivative (gain) loss684 (45)1,109 (107)
Other operating expense8 5 56 12 
Interest expense116 43 340 130 
Interest income (1)
(4)(1)(12)(1)
Other non-operating expense1 — 4 — 
Income tax expense30 49 273 150 
E&P Segment net income (2)
$93 $155 $829 $539 
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Note: Prior year 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.