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STATEMENT OF CONSOLIDATED CASH FLOWS (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income including noncontrolling interest $ 206 $ 267
Adjustments to reconcile net income to net cash provided by operating activities:    
Unrealized derivative instrument losses, net (49) 0
Gain on divestitures (7) (341)
Exploratory dry hole expense and unproved leasehold impairments 36 67
Depreciation, depletion, and amortization 553 576
Asset retirement obligation accretion 27 36
Impairments 0 8
Deferred income tax provision (benefit) (16) 83
Other 49 34
Changes in operating assets and liabilities:    
Receivables (65) (41)
Inventories (33) 12
Drilling advances (41) (12)
Deferred charges and other 32 (10)
Accounts payable 66 (56)
Accrued expenses (149) (175)
Deferred credits and noncurrent liabilities 6 7
NET CASH PROVIDED BY OPERATING ACTIVITIES 615 455
CASH FLOWS FROM INVESTING ACTIVITIES:    
Additions to oil and gas property (737) (322)
Leasehold and property acquisitions (12) (49)
Additions to gas gathering, transmission, and processing facilities (128) (142)
Proceeds from sale of other oil and gas properties 9 426
Other, net (22) (6)
NET CASH USED IN INVESTING ACTIVITIES (890) (93)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Payments on fixed-rate debt (150) (70)
Distributions to noncontrolling interest (69) (57)
Dividends paid (95) (95)
Other (2) 4
NET CASH USED IN FINANCING ACTIVITIES (316) (218)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS (591) 144
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR 1,668 1,377
CASH AND CASH EQUIVALENTS AT END OF PERIOD 1,077 1,521
SUPPLEMENTARY CASH FLOW DATA:    
Interest paid, net of capitalized interest 140 140
Income taxes paid, net of refunds $ 191 $ 65