SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

9 Months Ended

Sep. 30, 2017

Accounting Policies [Abstract]

Schedule of Non-cash Impairments of Proved and Unproved Property and Equipment

The following table represents non-cash impairments of the carrying value of the Company’s proved and unproved property and equipment for the third quarters and first nine months of 2017 and 2016:

	Quarter Ended September 30,				Nine Months Ended September 30,
	2017		2016		2017		2016
	(In millions)
Oil and Gas Property:
Proved	$	—	$	355	$	—	$	423
Unproved	160		114		214		222

Schedule of cash, cash equivalents, and restricted cash

The following table provides a reconciliation of cash, cash equivalents, and restricted cash reported within the consolidated balance sheet to the amounts shown in the statement of consolidated cash flows:

	September 30, 2017		December 31, 2016
	(In millions)
Cash and cash equivalents	$	1,846	$	1,377
Restricted cash	96		—
Total cash, cash equivalents, and restricted cash shown in the statement of consolidated cash flows	$	1,942	$	1,377