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STATEMENT OF CONSOLIDATED CASH FLOWS (Unaudited) - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income (loss) including noncontrolling interest $ (435) $ 636
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Unrealized derivative instrument losses (gains), net 52 (88)
Gain on divestitures (20) (10)
Exploratory dry hole expense and unproved leasehold impairments 107 133
Depreciation, depletion, and amortization 1,959 1,771
Asset retirement obligation accretion 80 81
Impairments 249 10
Deferred income tax benefit (52) (43)
Loss on extinguishment of debt 75 94
Other 35 96
Changes in operating assets and liabilities:    
Receivables 124 (113)
Inventories (16) (7)
Drilling advances (2) (22)
Deferred charges and other (1) 91
Accounts payable (82) 110
Accrued expenses (1) (3)
Deferred credits and noncurrent liabilities 17 (2)
NET CASH PROVIDED BY OPERATING ACTIVITIES 2,089 2,734
CASH FLOWS FROM INVESTING ACTIVITIES:    
Additions to oil and gas property (2,015) (2,338)
Leasehold and property acquisitions (39) (86)
Additions to Altus gathering, processing, and transmission facilities (294) (412)
Altus equity method interests (1,008) 0
Proceeds from sale of oil and gas properties 590 51
Other, net (17) (55)
NET CASH USED IN INVESTING ACTIVITIES (2,783) (2,840)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from Lines of Credit 235 0
Fixed-rate debt borrowings 989 992
Payments on fixed-rate debt (1,150) (1,370)
Distributions to noncontrolling interest - Egypt (235) (256)
Redeemable noncontrolling interest - Altus Preferred Unit limited partners 611 0
Dividends paid (282) (287)
Other (25) (48)
NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES 143 (969)
NET DECREASE IN CASH AND CASH EQUIVALENTS (551) (1,075)
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR 714 1,668
CASH AND CASH EQUIVALENTS AT END OF PERIOD 163 593
SUPPLEMENTARY CASH FLOW DATA:    
Interest paid, net of capitalized interest 318 344
Income taxes paid, net of refunds $ 473 $ 649