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STATEMENT OF CONSOLIDATED CASH FLOWS (Unaudited) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income (loss) including noncontrolling interest $ (318) $ 475
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Unrealized derivative instrument losses (gains), net 66 (104)
Gain on divestitures (20) (9)
Exploratory dry hole expense and unproved leasehold impairments 90 73
Depreciation, depletion, and amortization 1,248 1,161
Asset retirement obligation accretion 53 54
Impairments 240 0
Deferred income tax benefit (42) (26)
Loss on extinguishment of debt 75 0
Other 22 82
Changes in operating assets and liabilities:    
Receivables 96 (101)
Inventories (16) (9)
Drilling advances (8) 30
Deferred charges and other (3) 69
Accounts payable (66) 46
Accrued expenses 21 (20)
Deferred credits and noncurrent liabilities 16 7
NET CASH PROVIDED BY OPERATING ACTIVITIES 1,454 1,728
CASH FLOWS FROM INVESTING ACTIVITIES:    
Additions to oil and gas property (1,386) (1,572)
Leasehold and property acquisitions (34) (38)
Additions to Altus gathering, processing, and transmission facilities (246) (284)
Altus equity method interests (438) 0
Proceeds from sale of oil and gas properties 247 13
Other, net 25 (33)
NET CASH USED IN INVESTING ACTIVITIES (1,832) (1,914)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Fixed-rate debt borrowings 989 0
Payments on fixed-rate debt (1,000) (150)
Distributions to noncontrolling interest - Egypt (164) (155)
Redeemable noncontrolling interest - Altus Preferred Unit limited partners 611 0
Dividends paid (188) (191)
Other (35) (14)
NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES 213 (510)
NET DECREASE IN CASH AND CASH EQUIVALENTS (165) (696)
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR 714 1,668
CASH AND CASH EQUIVALENTS AT END OF PERIOD 549 972
SUPPLEMENTARY CASH FLOW DATA:    
Interest paid, net of capitalized interest 219 200
Income taxes paid, net of refunds $ 285 $ 374