XML 20 R3.htm IDEA: XBRL DOCUMENT v3.22.1
Consolidated Statements Of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Cash flows from operating activities:    
Net earnings $ 995 $ 216
Adjustments to reconcile net earnings (loss) to net cash from operating activities:    
Depreciation, depletion and amortization 489 467
Leasehold impairments 1 1
Amortization of liabilities (6) (7)
Total losses on commodity derivatives 683 528
Cash settlements on commodity derivatives (344) (232)
Gains on asset dispositions (1) (32)
Deferred income tax expense (benefit) 164 (243)
Share-based compensation 20 41
Early retirement of debt (20)
Other (21) 0
Changes in assets and liabilities, net (143) (127)
Net cash from operating activities 1,837 592
Cash flows from investing activities:    
Capital expenditures (537) (499)
Acquisitions of property and equipment (1) 0
Divestitures of property and equipment 26 15
WPX acquired cash 344
Distributions from equity method investments 8 10
Contributions to equity method investments (22) 0
Net cash from investing activities (526) (130)
Cash flows from financing activities:    
Repayments of long-term debt (533)
Early retirement of debt (27)
Repurchases of common stock (211) 0
Dividends paid on common stock (667) (203)
Distributions to noncontrolling interests (8) (4)
Acquisition of noncontrolling interests 0 (24)
Shares exchanged for tax withholdings and other (73) (33)
Net cash from financing activities (959) (824)
Effect of Exchange Rate on Cash, Continuing Operations 2 3
Net change in cash, cash equivalents and restricted cash 354 (359)
Cash, cash equivalents and restricted cash at beginning of period 2,271 2,237
Cash, cash equivalents and restricted cash at end of period 2,625 1,878
Reconciliation of cash, cash equivalents and restricted cash:    
Cash and cash equivalents 2,459 1,683
Restricted cash 166 195
Total cash, cash equivalents and restricted cash $ 2,625 $ 1,878