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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Statement of Cash Flows [Abstract]      
Net income (loss) $ 1,096 $ (5,723) $ (2,140)
Adjustments to reconcile net income to net cash provided by operating activities:      
Discontinued operations 0 4,893 53
Depreciation, depletion and amortization 2,441 2,372 2,156
Impairments 75 229 67
Exploratory dry well costs and unproved property impairments 255 323 220
Net (gain) loss on disposal of assets (319) (58) (389)
Deferred income taxes 52 (61) 828
Net (gain) loss on derivative instruments 14 36 66
Net settlements of derivative instruments (281) 45 44
Pension and other post retirement benefits, net (65) (46) (3)
Share-based Compensation 53 49 51
Equity method investments, net 45 20 17
Changes in:      
Current receivables (133) (334) 67
Inventories (1) 10 64
Current accounts payable and accrued liabilities 179 297 (137)
Other current assets and liabilities (22) 1 33
All other operating, net (155) (65) (96)
Net cash provided by continuing operations 3,234 1,988 901
Investing activities:      
Additions to property, plant and equipment (2,753) (1,974) (1,204)
Additions to other assets (26) (25) 0
Acquisitions, net of cash acquired (25) (1,891) (902)
Disposal of assets, net of cash transferred to the buyer 1,264 1,787 1,219
Equity method investments - return of capital 57 64 55
All other investing, net 13 (5) (1)
Net cash used in investing activities (1,470) (2,044) (833)
Financing activities:      
Borrowings 0 988 0
Debt repayments 0 (2,764) (1)
Debt extinguishment costs 0 (46) 0
Common stock issuance 0 0 1,236
Purchases of common stock (713) (11) (6)
Dividends paid (169) (170) (162)
All other financing, net 23 0 1
Net cash provided by (used in) financing activities (859) (2,003) 1,068
Net increase in cash and cash equivalents of discontinued operations (Note 5) 0 130 238
Effect of exchange rate on cash and cash equivalents (2) 4 (3)
Cash held for sale (4) 0 (2)
Net increase (decrease) in cash and cash equivalents 899 (1,925) 1,369
Cash and cash equivalents at beginning of period 563 2,488 1,119
Cash and cash equivalents at end of period $ 1,462 $ 563 $ 2,488