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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Operating activities:    
Net income $ (796) $ 335
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation, depletion and amortization 1,241 1,159
Impairments 97 24
Exploratory dry well costs and unproved property impairments 40 69
Net gain on disposal of assets (7) (34)
Deferred income taxes (14) (33)
Net (gain) loss on derivative instruments (132) 75
Net settlements of derivative instruments 57 27
Pension and other post retirement benefits, net (31) (41)
Stock-based compensation 28 32
Equity method investments, net 180 12
Changes in:    
Current receivables 489 (95)
Inventories (5) 3
Current accounts payable and accrued liabilities (456) (158)
Other current assets and liabilities 46 119
All other operating, net (27) (182)
Net cash provided by operating activities 710 1,312
Investing activities:    
Additions to property, plant and equipment (946) (1,262)
Additions to other assets 12 42
Acquisitions, net of cash acquired 3 0
Disposal of assets, net of cash transferred to the buyer 9 69
Equity method investments - return of capital 7 49
All other investing, net 0 (27)
Net cash used in investing activities (915) (1,129)
Financing activities:    
Purchases of common stock (92) (266)
Dividends paid (40) (82)
All other financing, net 1 (2)
Net cash used in financing activities (131) (350)
Effect of exchange rate on cash and cash equivalents 0 1
Net decrease in cash and cash equivalents (336) (166)
Cash and cash equivalents at beginning of period 858 1,462
Cash and cash equivalents at end of period 522 1,296
Total cash and cash equivalents $ 522 $ 1,296