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STATEMENT OF CONSOLIDATED CASH FLOWS (Unaudited) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss including noncontrolling interests $ (5,000) $ (318)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Unrealized derivative instrument losses, net 241 66
Gain on divestitures (25) (20)
Exploratory dry hole expense and unproved leasehold impairments 97 90
Depreciation, depletion, and amortization 984 1,248
Asset retirement obligation accretion 54 53
Impairments 4,492 240
Deferred income tax benefit (44) (42)
Loss (gain) on extinguishment of debt (140) 75
Other 14 22
Changes in operating assets and liabilities:    
Receivables 183 96
Inventories 25 (16)
Drilling advances (28) (8)
Deferred charges and other (14) (3)
Accounts payable (147) (66)
Accrued expenses (148) 21
Deferred credits and noncurrent liabilities 42 16
NET CASH PROVIDED BY OPERATING ACTIVITIES 586 1,454
CASH FLOWS FROM INVESTING ACTIVITIES:    
Additions to oil and gas property (838) (1,386)
Additions to Altus gathering, processing, and transmission facilities (25) (246)
Leasehold and property acquisitions (3) (34)
Altus equity method interests (154) (438)
Proceeds from sale of oil and gas properties 126 247
Other, net (23) 25
NET CASH USED IN INVESTING ACTIVITIES (917) (1,832)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from Apache credit facility, net 565 0
Proceeds from Altus credit facility, net 97 0
Fixed-rate debt borrowings 0 989
Payments on fixed-rate debt (264) (1,000)
Distributions to noncontrolling interest - Egypt (40) (164)
Redeemable noncontrolling interest - Altus Preferred Unit limited partners 0 611
Dividends paid (104) (188)
Other (35) (35)
NET CASH PROVIDED BY FINANCING ACTIVITIES 219 213
NET DECREASE IN CASH AND CASH EQUIVALENTS (112) (165)
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR 247 714
CASH AND CASH EQUIVALENTS AT END OF PERIOD 135 549
SUPPLEMENTARY CASH FLOW DATA:    
Interest paid, net of capitalized interest 212 219
Income taxes paid, net of refunds $ 80 $ 285