v3.26.1
OIL AND NATURAL GAS PROPERTIES (Tables)
6 Months Ended
Jun. 30, 2026
Extractive Industries [Abstract]  
Schedule of Oil and Natural Gas Properties
Oil and natural gas properties include the following for the periods presented:

June 30,December 31,
20262025
(In millions)
Oil and natural gas properties:
Proved properties
$9,608 $9,746 
Unproved properties(1)
4,545 4,910 
Gross oil and natural gas properties
14,153 14,656 
Accumulated depletion(1,967)(1,567)
Accumulated impairment(888)(888)
Oil and natural gas properties, net11,298 12,201 
Other property, equipment and land8 8 
Accumulated depreciation(1)— 
Property, net of accumulated depletion and impairment$11,305 $12,209 
(1)Unevaluated properties not subject to depletion under full cost pool accounting.