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STATEMENT OF CONSOLIDATED CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
CASH FLOWS FROM OPERATING ACTIVITIES:      
NET INCOME (LOSS) INCLUDING NONCONTROLLING INTERESTS $ (3,682) $ 286 $ 1,503
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Gain on divestitures (43) (23) (627)
Exploratory dry hole expense and unproved leasehold impairments 676 351 429
Depreciation, depletion, and amortization 2,680 2,405 2,280
Asset retirement obligation accretion 107 108 130
Impairments 2,949 511 8
Provision for (benefit from) deferred income taxes 14 (222) (1,180)
Loss from extinguishment of debt 75 94 1
Other 94 22 204
Changes in operating assets and liabilities:      
Receivables 133 150 (270)
Inventories (41) (6) 32
Drilling advances (21) (11) (128)
Deferred charges and other 51 83 (58)
Accounts payable (5) 77 63
Accrued expenses (84) 5 4
Deferred credits and noncurrent liabilities (36) (53) 37
NET CASH PROVIDED BY OPERATING ACTIVITIES 2,867 3,777 2,428
CASH FLOWS FROM INVESTING ACTIVITIES:      
Additions to oil and gas property (2,594) (3,190) (2,052)
Additions to Altus gathering, processing, and transmission (GPT) facilities (327) (581) (530)
Leasehold and property acquisitions (40) (133) (178)
Altus equity method interests (1,172) (91) 0
Proceeds from sale of Canadian assets, net of cash divested 0 0 661
Proceeds from sale of oil and gas properties and GPT, other 718 138 758
Other, net (31) (87) (75)
NET CASH USED IN INVESTING ACTIVITIES (3,446) (3,944) (1,416)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Commercial paper, credit facilities and bank notes, net 0 0 0
Proceeds from Altus credit facility 396 0 0
Fixed rate debt borrowings 989 992 0
Payments on fixed-rate debt (1,150) (1,370) (70)
Proceeds from Altus transaction 0 628 0
Distributions to noncontrolling interest - Egypt (305) (345) (265)
Redeemable noncontrolling interest - Altus Preferred Unit limited partners 611 0 0
Dividends paid (376) (382) (380)
Treasury stock activity, net 2 (305) 0
Other (55) (5) (6)
NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES 112 (787) (721)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS (467) (954) 291
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR 714 1,668 1,377
CASH AND CASH EQUIVALENTS AT END OF PERIOD 247 714 1,668
SUPPLEMENTARY CASH FLOW DATA:      
Interest paid, net of capitalized interest 394 402 405
Income taxes paid, net of refunds $ 649 $ 867 $ 516