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STATEMENT OF CONSOLIDATED CASH FLOWS (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss including noncontrolling interests $ (4,622,000,000) $ (2,000,000)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Unrealized derivative instrument losses, net 103,000,000 45,000,000
Gain on divestitures (25,000,000) (3,000,000)
Exploratory dry hole expense and unproved leasehold impairments 43,000,000 33,000,000
Depreciation, depletion, and amortization 566,000,000 646,000,000
Asset retirement obligation accretion 27,000,000 27,000,000
Impairments 4,472,000,000 0
Deferred income tax benefit (33,000,000) (19,000,000)
Other (8,000,000) 9,000,000
Changes in operating assets and liabilities:    
Receivables 221,000,000 8,000,000
Inventories 30,000,000 (33,000,000)
Drilling advances (20,000,000) 5,000,000
Deferred charges and other (13,000,000) (4,000,000)
Accounts payable (80,000,000) (50,000,000)
Accrued expenses (173,000,000) (46,000,000)
Deferred credits and noncurrent liabilities 14,000,000 (18,000,000)
NET CASH PROVIDED BY OPERATING ACTIVITIES 502,000,000 598,000,000
CASH FLOWS FROM INVESTING ACTIVITIES:    
Additions to oil and gas property (511,000,000) (729,000,000)
Additions to Altus gathering, processing, and transmission facilities (19,000,000) (119,000,000)
Leasehold and property acquisitions (1,000,000) (15,000,000)
Altus equity method interests (83,000,000) (118,000,000)
Proceeds from sale of oil and gas properties 126,000,000 9,000,000
Other, net (21,000,000) 34,000,000
NET CASH USED IN INVESTING ACTIVITIES (509,000,000) (938,000,000)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Commercial paper and credit facility 250,000,000 159,000,000
Proceeds from Altus credit facility 72,000,000 0
Distributions to noncontrolling interest - Egypt (32,000,000) (107,000,000)
Dividends paid (94,000,000) (94,000,000)
Other (8,000,000) (5,000,000)
NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES 188,000,000 (47,000,000)
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR 247,000,000 714,000,000
CASH AND CASH EQUIVALENTS AT END OF PERIOD 428,000,000 327,000,000
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 181,000,000 (387,000,000)
SUPPLEMENTARY CASH FLOW DATA:    
Interest paid, net of capitalized interest 126,000,000 115,000,000
Income taxes paid, net of refunds $ 98,000,000 $ 165,000,000