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Consolidated Statements Of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Cash flows from operating activities:      
Net income $ 756 $ 975 $ 833
Adjustments to reconcile net income to net cash provided by operating activities:      
Depletion, depreciation and amortization 1,711 1,534 1,400
Impairment of oil and gas properties 0 77 285
Impairment of inventory and other property and equipment 38 11 2
Exploration expenses, including dry holes 8 27 22
Deferred income taxes 236 274 (519)
(Gain) loss on disposition of assets, net 477 (290) (208)
Accretion of discount on asset retirement obligations 10 14 19
Interest expense 9 5 5
Derivative related activity 13 (270) 174
Amortization of stock-based compensation 100 85 79
Investment in affiliate valuation adjustment (15) 0 0
Contingent consideration valuation adjustment 45 0 0
Other 105 658 85
Change in operating assets and liabilities:      
Accounts receivable (227) (52) (120)
Inventories (20) (70) (35)
Other assets (33) 3 (3)
Accounts payable (7) 321 134
Interest payable 0 (5) (9)
Other liabilities (91) (55) (45)
Net cash provided by operating activities 3,115 3,242 2,099
Cash flows from investing activities:      
Proceeds from disposition of assets, net of cash sold 149 469 352
Proceeds from investments 624 1,373 1,467
Purchase of investments 0 (669) (904)
Additions to oil and gas properties (2,988) (3,520) (2,365)
Additions to other assets and other property and equipment, net (232) (263) (342)
Net cash used in investing activities (2,447) (2,610) (1,792)
Cash flows from financing activities:      
Principal payments on long-term debt 0 (450) (485)
Payments of other liabilities (14) (23) 0
Exercise of long-term incentive plan stock options and employee stock purchases 6 8 6
Purchases of treasury stock (653) (179) (36)
Payments of financing fees 0 (4) 0
Dividends paid (127) (55) (14)
Net cash used in financing activities (788) (703) (529)
Net decrease in cash, cash equivalents and restricted cash (120) (71) (222)
Cash, cash equivalents and restricted cash, beginning of period 825 896 1,118
Cash, cash equivalents and restricted cash, end of period $ 705 $ 825 $ 896