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Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 784 $ 631
Restricted cash 74 74
Accounts receivable:    
Trade, net 555 1,032
Due from affiliates 0 3
Income taxes receivable 9 7
Inventories 188 205
Derivatives 386 32
Investment in affiliate 42 187
Other 31 20
Total current assets 2,069 2,191
Oil and gas properties, using the successful efforts method of accounting:    
Proved properties 23,029 22,444
Unproved properties 583 584
Accumulated depletion, depreciation and amortization (8,987) (8,583)
Total oil and gas properties, net 14,625 14,445
Other property and equipment, net 1,629 1,632
Operating lease right-of-use assets 250 280
Goodwill 261 261
Derivatives 43 0
Other assets 174 258
Total Assets 19,051 19,067
Accounts payable:    
Trade 973 1,221
Due to affiliates 100 190
Interest payable 18 53
Income taxes payable 3 3
Current portion of long-term debt 499 450
Derivatives 3 12
Operating leases 128 136
Other 356 431
Total current liabilities 2,080 2,496
Long-term debt 2,140 1,839
Derivatives 3 8
Deferred income taxes 1,465 1,389
Operating leases 146 170
Other liabilities 1,006 1,046
Equity:    
Common stock, $0.01 par value; 500,000,000 shares authorized; 175,373,639 and 175,057,889 shares issued as of March 31, 2020 and December 31, 2019, respectively 2 2
Additional paid-in capital 9,176 9,161
Treasury stock at cost: 10,510,424 and 9,511,248 shares as of March 31, 2020 and December 31, 2019, respectively (1,190) (1,069)
Retained earnings 4,223 4,025
Total equity 12,211 12,119
Commitments and contingencies
Total Liabilities and Equity $ 19,051 $ 19,067