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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Cash Flows from Operating Activities      
Net Income (Loss) $ 3,419,040 $ 2,582,579 $ (1,096,686)
Items Not Requiring (Providing) Cash      
Depreciation, Depletion and Amortization 3,435,408 3,409,387 3,553,417
Impairments 347,021 479,240 620,267
Stock-Based Compensation Expenses 155,337 133,849 128,090
Deferred Income Taxes 894,156 (1,473,872) (515,206)
(Gains) Losses on Asset Dispositions, Net (174,562) 99,096 (205,835)
Other, Net 7,066 6,546 61,690
Dry Hole Costs [1] 5,405 4,609 10,657
Mark-to-Market Commodity Derivative Contracts      
Total (Gains) Losses 165,640 (19,828) 99,608
Net Cash Received from (Payments for) Settlements of Commodity Derivative Contracts (258,906) 7,438 (22,219)
Excess Tax Benefits from Stock-Based Compensation 0 0 (29,357)
Other, Net 3,108 1,204 10,971
Changes in Components of Working Capital and Other Assets and Liabilities      
Accounts Receivable (368,180) (392,131) (232,799)
Inventories (395,408) (174,548) 170,694
Accounts Payable 439,347 324,192 (74,048)
Accrued Taxes Payable (92,461) (63,937) 92,782
Other Assets (125,435) (658,609) (40,636)
Other Liabilities 10,949 (89,871) (16,225)
Changes in Components of Working Capital Associated with Investing and Financing Activities 301,083 89,992 (156,102)
Net Cash Provided by Operating Activities 7,768,608 4,265,336 2,359,063
Investing Cash Flows      
Additions to Oil and Gas Properties (5,839,294) (3,950,918) (2,489,756)
Additions to Other Property, Plant and Equipment (237,181) (173,324) (93,039)
Proceeds from Sales of Assets 227,446 226,768 1,119,215
Payments to Acquire Businesses, Net of Cash Acquired 0 0 54,534
Payments for (Proceeds from) Other Investing Activities (19,993) 0 0
Changes in Components of Working Capital Associated with Investing Activities (301,140) (89,935) 156,102
Net Cash Used in Investing Activities (6,170,162) (3,987,409) (1,252,944)
Financing Cash Flows      
Net Commercial Paper (Repayments) Borrowings 0 0 (259,718)
Long-Term Debt Borrowings 0 0 991,097
Long-Term Debt Repayments (350,000) (600,000) (563,829)
Dividends Paid (438,045) (386,531) (372,845)
Excess Tax Benefits from Stock-Based Compensation 0 0 29,357
Treasury Stock Purchased (63,456) (63,408) (82,125)
Proceeds from Stock Options Exercised and Employee Stock Purchase Plan 20,560 20,840 23,296
Debt Issuance Costs 0 0 (1,602)
Repayment of Capital Lease Obligation (8,219) (6,555) (6,353)
Other, Net 57 (57) 0
Net Cash Used in Financing Activities (839,103) (1,035,711) (242,722)
Effect of Exchange Rate Changes on Cash (37,937) (7,883) 17,992
Increase (Decrease) in Cash and Cash Equivalents 721,406 (765,667) 881,389
Cash and Cash Equivalents at Beginning of Year 834,228 1,599,895 718,506
Cash and Cash Equivalents at End of Year $ 1,555,634 $ 834,228 $ 1,599,895
[1] Excludes gains or losses on the mark-to-market of financial commodity derivative contracts, gains or losses on sales of reserves and related assets, interest charges and general corporate expenses for each of the three years in the period ended December 31, 2018.