XML 19 R3.htm IDEA: XBRL DOCUMENT v3.22.2
Consolidated Statements Of Cash Flows - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Cash flows from operating activities:        
Net earnings $ 1,938 $ 261 $ 2,933 $ 477
Adjustments to reconcile net earnings (loss) to net cash from operating activities:        
Depreciation, depletion and amortization 528 536 1,017 1,003
Leasehold impairments 7 1 8 2
Amortization of liabilities (9) (7) (15) (14)
Total losses on commodity derivatives 170 703 853 1,231
Cash settlements on commodity derivatives (472) (367) (816) (599)
Gains on asset dispositions (14) (87) (15) (119)
Deferred income tax expense (benefit) 305 24 469 (219)
Share-based compensation 23 20 43 61
Early retirement of debt 0 (10) 0 (30)
Other 4 2 (17) 2
Changes in assets and liabilities, net 198 17 55 (110)
Net cash from operating activities 2,678 1,093 4,515 1,685
Cash flows from investing activities:        
Capital expenditures (573) (504) (1,110) (1,003)
Acquisitions of property and equipment (100) (5) (101) (5)
Divestitures of property and equipment 9 49 35 64
WPX acquired cash 0 0 0 344
Distributions from equity method investments 15 8 23 18
Contributions to equity method investments (21) 0 (43) 0
Net cash from investing activities (670) (452) (1,196) (582)
Cash flows from financing activities:        
Repayments of long-term debt 0 (710) 0 (1,243)
Early retirement of debt (32) (59)
Repurchases of common stock (324) 0 (535) 0
Dividends paid on common stock (830) (229) (1,497) (432)
Contributions from noncontrolling interests 0 3 0 3
Distributions to noncontrolling interests (5) (5) (13) (9)
Acquisition of noncontrolling interests 0 0 0 (24)
Shares exchanged for tax withholdings and other (12) (9) (85) (42)
Net cash from financing activities (1,171) (982) (2,130) (1,806)
Effect of exchange rate changes on cash (5) 2 (3) 5
Net change in cash, cash equivalents and restricted cash 832 (339) 1,186 (698)
Cash, cash equivalents and restricted cash at beginning of period 2,625 1,878 2,271 2,237
Cash, cash equivalents and restricted cash at end of period 3,457 1,539 3,457 1,539
Reconciliation of cash, cash equivalents and restricted cash:        
Cash and cash equivalents 3,300 1,348 3,300 1,348
Restricted cash 157 191 157 191
Total cash, cash equivalents and restricted cash $ 3,457 $ 1,539 $ 3,457 $ 1,539