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Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 180 $ 631
Restricted cash 69 74
Accounts receivable:    
Trade, net 566 1,032
Due from affiliates 0 3
Income taxes receivable 21 7
Inventories 170 205
Derivatives 72 32
Investment in affiliate 85 187
Other 32 20
Total current assets 1,195 2,191
Oil and gas properties, using the successful efforts method of accounting:    
Proved properties 23,217 22,444
Unproved properties 577 584
Accumulated depletion, depreciation and amortization (9,349) (8,583)
Total oil and gas properties, net 14,445 14,445
Other property and equipment, net 1,622 1,632
Operating lease right-of-use assets 216 280
Goodwill 261 261
Derivatives 3 0
Other assets 164 258
Total Assets 17,906 19,067
Accounts payable:    
Trade 787 1,221
Due to affiliates 65 190
Interest payable 26 53
Income taxes payable 4 3
Less current portion of long-term debt 139 450
Derivatives 88 12
Operating leases 110 136
Other 365 431
Total current liabilities 1,584 2,496
Long-term debt 2,054 1,839
Derivatives 27 8
Deferred income taxes 1,403 1,389
Operating leases 124 170
Other liabilities 974 1,046
Equity:    
Common stock, $0.01 par value; 500,000,000 shares authorized; 175,378,954 and 175,057,889 shares issued as of June 30, 2020 and December 31, 2019, respectively 2 2
Additional paid-in capital 9,285 9,161
Treasury stock at cost: 11,102,784 and 9,511,248 shares as of June 30, 2020 and December 31, 2019, respectively (1,240) (1,069)
Retained earnings 3,693 4,025
Total equity 11,740 12,119
Commitments and contingencies
Total Liabilities and Equity $ 17,906 $ 19,067
Common stock, par value (usd per share) $ 0.01 $ 0.01
Common stock, shares authorized 500,000,000 500,000,000