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Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 30, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 1,325 $ 631
Restricted cash 66 74
Accounts receivable:    
Trade, net 662 1,032
Due from affiliates 0 3
Income taxes receivable 22 7
Inventories 191 205
Derivatives 49 32
Investment in affiliate 67 187
Other 38 20
Total current assets 2,420 2,191
Oil and gas properties, using the successful efforts method of accounting:    
Proved properties 23,498 22,444
Unproved properties 572 584
Accumulated depletion, depreciation and amortization (9,719) (8,583)
Total oil and gas properties, net 14,351 14,445
Other property and equipment, net 1,603 1,632
Operating lease right-of-use assets 198 280
Goodwill 261 261
Other assets 144 258
Total Assets 18,977 19,067
Accounts payable:    
Trade 871 1,221
Due to affiliates 137 190
Interest payable 17 53
Income taxes payable 2 3
Less current portion of long-term debt 140 450
Derivatives 51 12
Operating leases 99 136
Other 371 431
Total current liabilities 1,688 2,496
Long-term debt 3,148 1,839
Derivatives 14 8
Deferred income taxes 1,406 1,389
Operating leases 113 170
Other liabilities 954 1,046
Equity:    
Common stock, $0.01 par value; 500,000,000 shares authorized; 175,462,969 and 175,057,889 shares issued as of September 30, 2020 and December 31, 2019, respectively 2 2
Additional paid-in capital 9,305 9,161
Treasury stock at cost: 11,059,909 and 9,511,248 shares as of September 30, 2020 and December 31, 2019, respectively (1,235) (1,069)
Retained earnings 3,582 4,025
Total equity 11,654 12,119
Commitments and contingencies
Total Liabilities and Equity $ 18,977 $ 19,067
Common stock, par value (usd per share) $ 0.01 $ 0.01
Common stock, shares authorized 500,000,000 500,000,000