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Consolidated Statements Of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Cash flows from operating activities:    
Net income $ 350 $ 178
Adjustments to reconcile net income to net cash provided by operating activities:    
Depletion, depreciation and amortization 421 357
Impairment of inventory and other property and equipment 32 0
Exploration expenses, including dry holes 1 5
Deferred income taxes 103 50
(Gain) loss on disposition of assets, net 9 (4)
Accretion of discount on asset retirement obligations 3 4
Interest expense 1 1
Derivative related activity 17 136
Amortization of stock-based compensation 24 17
Investment in affiliate fair value adjustment 174 0
Other 62 22
Change in operating assets and liabilities:    
Accounts receivable (69) (181)
Inventories (36) (6)
Investments 0 3
Other current assets (15) (3)
Accounts payable (74) (9)
Interest payable (29) (21)
Income taxes payable 0 1
Other current liabilities (22) 5
Net cash provided by operating activities 604 555
Cash flows from investing activities:    
Proceeds from disposition of assets, net of cash sold 6 4
Proceeds from investments 112 554
Purchase of investments 0 (94)
Additions to oil and gas properties (741) (818)
Additions to other assets and other property and equipment (72) (51)
Net cash used in investing activities (695) (405)
Cash flows from financing activities:    
Purchase of treasury stock 222 45
Payments of other liabilities (1) 0
Net cash used in financing activities (223) (45)
Net increase (decrease) in cash and cash equivalents (314) 105
Cash and cash equivalents, beginning of period 825 896
Cash and cash equivalents, end of period $ 511 $ 1,001