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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Operating activities:    
Net income (loss) $ (1,113) $ 500
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation, depletion and amortization 1,795 1,781
Impairments 98 24
Exploratory dry well costs and unproved property impairments 63 85
Net gain on disposal of assets (8) (56)
Deferred income taxes (2) (34)
Net (gain) loss on derivative instruments (131) 28
Net settlements of derivative instruments 92 41
Pension and other post retirement benefits, net (35) (51)
Stock-based compensation 43 45
Equity method investments, net 189 26
Changes in:    
Current receivables 467 (99)
Inventories (5) 4
Current accounts payable and accrued liabilities (478) (164)
Other current assets and liabilities 83 108
All other operating, net (3) (189)
Net cash provided by operating activities 1,055 2,049
Investing activities:    
Additions to property, plant and equipment (1,090) (1,934)
Additions to other assets 15 41
Acquisitions, net of cash acquired (1) 0
Disposal of assets, net of cash transferred to the buyer 9 (84)
Equity method investments - return of capital 7 51
All other investing, net 0 2
Net cash used in investing activities (1,060) (1,924)
Financing activities:    
Borrowings 400 0
Purchases of common stock (92) (296)
Dividends paid (40) (122)
All other financing, net (2) (4)
Net cash provided by (used in) financing activities 266 (422)
Net increase (decrease) in cash and cash equivalents 261 (297)
Cash and cash equivalents at beginning of period 858 1,462
Cash and cash equivalents at end of period $ 1,119 $ 1,165