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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Cash Flows from Operating Activities    
Net Income (Loss) $ 2,679,000 $ (942,000)
Items Not Requiring (Providing) Cash    
Depreciation, Depletion and Amortization 2,741,000 2,530,000
Impairments 170,000 1,957,000
Stock-Based Compensation Expenses 117,000 113,000
Deferred Income Taxes (244,000) (241,000)
(Gains) Losses on Asset Dispositions, Net (46,000) 41,000
Other, Net 15,000 2,000
Dry Hole Costs 28,000 13,000
Mark-to-Market Commodity Derivative Contracts    
Total (Gains) Losses 1,288,000 (1,075,000)
Net Cash Received from (Payments for) Settlements of Commodity Derivative Contracts (516,000) 999,000
Other, Net 8,000 (1,000)
Changes in Components of Working Capital and Other Assets and Liabilities    
Accounts Receivable (639,000) 931,000
Inventories 95,000 92,000
Accounts Payable 115,000 (1,222,000)
Accrued Taxes Payable 286,000 12,000
Other Assets (55,000) 415,000
Other Liabilities (317,000) (13,000)
Changes in Components of Working Capital Associated with Investing and Financing Activities (100,000) 276,000
Net Cash Provided by Operating Activities 5,625,000 3,887,000
Investing Cash Flows    
Additions to Oil and Gas Properties (2,689,000) (2,459,000)
Additions to Other Property, Plant and Equipment (147,000) (165,000)
Proceeds from Sales of Assets 154,000 189,000
Changes in Components of Working Capital Associated with Investing Activities 100,000 (276,000)
Net Cash Used in Investing Activities (2,582,000) (2,711,000)
Financing Cash Flows    
Long-Term Debt Borrowings 0 1,484,000
Long-Term Debt Repayments (750,000) (1,000,000)
Dividends Paid (1,278,000) (601,000)
Treasury Stock Purchased (33,000) (15,000)
Proceeds from Stock Options Exercised 9,000 8,000
Debt Issuance Costs 0 (3,000)
Repayment of Finance Lease Liabilities (27,000) (13,000)
Net Cash Used in Financing Activities (2,079,000) (140,000)
Effect of Exchange Rate Changes on Cash 0 2,000
Increase in Cash and Cash Equivalents 964,000 1,038,000
Cash and Cash Equivalents at Beginning Period 3,329,000 2,028,000
Cash and Cash Equivalents End of Period $ 4,293,000 $ 3,066,000