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STATEMENT OF CONSOLIDATED CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
CASH FLOWS FROM OPERATING ACTIVITIES:      
NET INCOME (LOSS) INCLUDING NONCONTROLLING INTEREST $ 286 $ 1,503 $ (1,273)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Loss from discontinued operations 0 0 33
Unrealized derivative instrument losses (gains), net (103) 59 0
Gain on divestitures (23) (627) (21)
Exploratory dry hole expense and unproved leasehold impairments 351 429 353
Depreciation, depletion, and amortization 2,405 2,280 2,618
Asset retirement obligation accretion 108 130 156
Impairments 511 8 1,103
Benefit from deferred income taxes (222) (1,180) (833)
Loss from extinguishment of debt 94 1 1
Other 125 145 163
Changes in operating assets and liabilities:      
Receivables 150 (270) 126
Inventories (6) 32 (27)
Drilling advances (11) (128) 91
Deferred charges and other 83 (58) 115
Accounts payable 77 63 (63)
Accrued expenses 5 4 (9)
Deferred credits and noncurrent liabilities (53) 37 (80)
NET CASH PROVIDED BY CONTINUING OPERATING ACTIVITIES 3,777 2,428 2,453
NET CASH USED IN DISCONTINUED OPERATIONS 0 0 (23)
NET CASH PROVIDED BY OPERATING ACTIVITIES 3,777 2,428 2,430
CASH FLOWS FROM INVESTING ACTIVITIES:      
Additions to oil and gas property (3,190) (2,052) (1,610)
Additions to gas gathering, transmission, and processing facilities (581) (530) (158)
Leasehold and property acquisitions (133) (178) (181)
Joint venture equity interest (91) 0 0
Proceeds from sale of Canadian assets, net of cash divested 0 661 0
Proceeds from sale of oil and gas properties, other 138 758 134
Other, net (87) (75) 155
NET CASH USED IN INVESTING ACTIVITIES (3,944) (1,416) (1,660)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Fixed rate debt borrowings 992 0 0
Payments on fixed-rate debt (1,370) (70) (181)
Proceeds from Altus transaction 628 0 0
Distributions to noncontrolling interest - Egypt (345) (265) (293)
Dividends paid (382) (380) (379)
Treasury stock activity, net (305) 0 0
Other (5) (6) (7)
NET CASH USED IN FINANCING ACTIVITIES (787) (721) (860)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS (954) 291 (90)
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR 1,668 1,377 1,467
CASH AND CASH EQUIVALENTS AT END OF PERIOD 714 1,668 1,377
SUPPLEMENTARY CASH FLOW DATA:      
Interest paid, net of capitalized interest 402 405 413
Income taxes paid, net of refunds $ 867 $ 516 $ 305