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STATEMENT OF CONSOLIDATED CASH FLOWS (Unaudited) - USD ($)
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss including noncontrolling interests $ (4,959,000,000) $ (435,000,000)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Unrealized derivative instrument losses, net 142,000,000 52,000,000
Gain on divestitures (24,000,000) (20,000,000)
Exploratory dry hole expense and unproved leasehold impairments 138,000,000 107,000,000
Depreciation, depletion, and amortization 1,382,000,000 1,959,000,000
Accretion expense 81,000,000 80,000,000
Impairments 4,492,000,000 249,000,000
Deferred income tax benefit (71,000,000) (52,000,000)
Loss (gain) on extinguishment of debt (152,000,000) 75,000,000
Other 45,000,000 35,000,000
Changes in operating assets and liabilities:    
Receivables 202,000,000 124,000,000
Inventories 16,000,000 (16,000,000)
Drilling advances (10,000,000) (2,000,000)
Deferred charges and other (7,000,000) (1,000,000)
Accounts payable (211,000,000) (82,000,000)
Accrued expenses (211,000,000) (1,000,000)
Deferred credits and noncurrent liabilities 37,000,000 17,000,000
NET CASH PROVIDED BY OPERATING ACTIVITIES 890,000,000 2,089,000,000
CASH FLOWS FROM INVESTING ACTIVITIES:    
Additions to oil and gas property (1,075,000,000) (2,015,000,000)
Additions to Altus gathering, processing, and transmission facilities (27,000,000) (294,000,000)
Leasehold and property acquisitions (3,000,000) (39,000,000)
Contributions to Altus equity method interests (286,000,000) (338,000,000)
Acquisition of Altus equity method interests 0 (670,000,000)
Proceeds from sale of oil and gas properties 132,000,000 590,000,000
Other, net (17,000,000) (17,000,000)
NET CASH USED IN INVESTING ACTIVITIES (1,276,000,000) (2,783,000,000)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from Apache credit facility, net 87,000,000 0
Proceeds from Altus credit facility, net 184,000,000 235,000,000
Fixed-rate debt borrowings 1,238,000,000 989,000,000
Payments on fixed-rate debt (980,000,000) (1,150,000,000)
Distributions to noncontrolling interest - Egypt (61,000,000) (235,000,000)
Distributions to Altus Preferred Unit limited partners (11,000,000) 0
Redeemable noncontrolling interest - Altus Preferred Unit limited partners 0 611,000,000
Dividends paid (113,000,000) (282,000,000)
Other (43,000,000) (25,000,000)
NET CASH PROVIDED BY FINANCING ACTIVITIES 301,000,000 143,000,000
NET DECREASE IN CASH AND CASH EQUIVALENTS (85,000,000) (551,000,000)
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR 247,000,000 714,000,000
CASH AND CASH EQUIVALENTS AT END OF PERIOD 162,000,000 163,000,000
SUPPLEMENTARY CASH FLOW DATA:    
Interest paid, net of capitalized interest 341,000,000 318,000,000
Income taxes paid, net of refunds $ 153,000,000 $ 473,000,000