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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Cash Flows from Operating Activities    
Net Income (Loss) $ 1,584,000 $ (900,000)
Items Not Requiring (Providing) Cash    
Depreciation, Depletion and Amortization 1,814,000 1,707,000
Impairments 88,000 1,878,000
Stock-Based Compensation Expenses 66,000 80,000
Deferred Income Taxes (133,000) (208,000)
Gains (Losses) on Asset Dispositions, Net 45,000 30,000
Other, Net 13,000 0
Dry Hole Costs 24,000 0
Mark-to-Market Commodity Derivative Contracts    
Total (Gains) Losses 794,000 (1,079,000)
Net Cash Received from (Payments for) Settlements of Commodity Derivative Contracts (223,000) 724,000
Other, Net 1,000 0
Changes in Components of Working Capital and Other Assets and Liabilities    
Accounts Receivable (494,000) 1,191,000
Inventories 101,000 85,000
Accounts Payable 183,000 (1,185,000)
Accrued Taxes Payable 80,000 (61,000)
Other Assets (222,000) 253,000
Other Liabilities (57,000) (64,000)
Changes in Components of Working Capital Associated with Investing and Financing Activities (145,000) 282,000
Net Cash Provided by Operating Activities 3,429,000 2,673,000
Investing Cash Flows    
Additions to Oil and Gas Properties (1,843,000) (1,990,000)
Additions to Other Property, Plant and Equipment (97,000) (147,000)
Proceeds from Sales of Assets 146,000 43,000
Changes in Components of Working Capital Associated with Investing Activities 145,000 (282,000)
Net Cash Used in Investing Activities (1,649,000) (2,376,000)
Financing Cash Flows    
Long-Term Debt Borrowings 0 1,484,000
Long-Term Debt Repayments (750,000) (1,000,000)
Dividends Paid (458,000) (384,000)
Treasury Stock Purchased (12,000) (5,000)
Proceeds from Stock Options Exercised 9,000 8,000
Debt Issuance Costs 0 (3,000)
Repayment of Finance Lease Liabilities (18,000) (8,000)
Net Cash Provided by (Used in) Financing Activities (1,229,000) 92,000
Effect of Exchange Rate Changes on Cash 0 0
Increase in Cash and Cash Equivalents 551,000 389,000
Cash and Cash Equivalents at Beginning Period 3,329,000 2,028,000
Cash and Cash Equivalents End of Period $ 3,880,000 $ 2,417,000