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STATEMENT OF CONSOLIDATED CASH FLOWS (Unaudited) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income including noncontrolling interest $ 475 $ 880
Adjustments to reconcile net income to net cash provided by operating activities:    
Unrealized derivative instrument gain, net (104) (41)
Gain on divestitures (9) (320)
Exploratory dry hole expense and unproved leasehold impairments 73 152
Depreciation, depletion, and amortization 1,161 1,148
Asset retirement obligation accretion 54 73
Impairments 0 8
Deferred income tax benefit (26) (647)
Other 107 80
Changes in operating assets and liabilities:    
Receivables (101) 62
Inventories (9) 20
Drilling advances 30 (20)
Deferred charges and other 69 (90)
Accounts payable 46 (37)
Accrued expenses (45) (86)
Deferred credits and noncurrent liabilities 7 24
NET CASH PROVIDED BY OPERATING ACTIVITIES 1,728 1,206
CASH FLOWS FROM INVESTING ACTIVITIES:    
Additions to oil and gas property (1,572) (883)
Leasehold and property acquisitions (38) (67)
Additions to gas gathering, transmission, and processing facilities (284) (274)
Proceeds from sale of Midale and House Mountain 0 228
Proceeds from sale of oil and gas properties 13 483
Other, net (33) (16)
NET CASH USED IN INVESTING ACTIVITIES (1,914) (529)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Payments on fixed-rate debt (150) (70)
Distributions to noncontrolling interest (155) (170)
Dividends paid (191) (190)
Other (14) 43
NET CASH USED IN FINANCING ACTIVITIES (510) (387)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS (696) 290
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR 1,668 1,377
CASH AND CASH EQUIVALENTS AT END OF PERIOD 972 1,667
SUPPLEMENTARY CASH FLOW DATA:    
Interest paid, net of capitalized interest 200 202
Income taxes paid, net of refunds $ 374 $ 163