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Consolidated Statements Of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Cash flows from operating activities:    
Net income (loss) $ 178 $ (42)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depletion, depreciation and amortization 357 337
Impairment of oil and gas properties 0 285
Exploration expenses, including dry holes 7 10
Deferred income taxes 50 (31)
Gain on disposition of assets, net (4) (11)
Accretion of discount on asset retirement obligations 4 5
Interest expense 1 1
Derivative related activity 136 (141)
Amortization of stock-based compensation 17 22
Other 20 25
Change in operating assets and liabilities:    
Accounts receivable (181) 92
Inventories (6) (19)
Investments 4 4
Other current assets (3) (6)
Accounts payable (9) (153)
Interest payable (21) (29)
Income taxes payable 1 0
Other current liabilities 3 15
Net cash provided by operating activities 554 364
Cash flows from investing activities:    
Proceeds from disposition of assets 4 78
Proceeds from investments 555 458
Purchase of investments (94) (315)
Additions to oil and gas properties (818) (433)
Additions to other assets and other property and equipment, net (51) (86)
Net cash used in investing activities (404) (298)
Cash flows from financing activities:    
Principal payments on long-term debt 0 (485)
Purchases of treasury stock (45) (36)
Net cash used in financing activities (45) (521)
Net increase (decrease) in cash and cash equivalents 105 (455)
Cash and cash equivalents, beginning of period 896 1,118
Cash and cash equivalents, end of period $ 1,001 $ 663