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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income (loss) $ 802 $ (1,286)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Depreciation, depletion and amortization 564 591
Accretion of discount on asset retirement obligations 4 3
Impairments of long-lived assets 0 1,525
Exploration and abandonments, including dry holes 24 39
Non-cash stock-based compensation expense 26 28
Deferred income taxes 454 (740)
(Gain) loss on disposition of assets, net (654) (110)
(Gain) loss on derivatives (495) 217
Net settlements received from (paid on) derivatives 96 427
Loss on extinguishment of debt 1 0
Other non-cash items 1 8
Changes in operating assets and liabilities, net of acquisitions and dispositions:    
Accounts receivable (24) 60
Prepaid costs and other (3) (9)
Inventory 1 3
Accounts payable (2) 7
Revenue payable (2) (59)
Other current liabilities 12 (28)
Net cash provided by (used in) operating activities 805 676
CASH FLOWS FROM INVESTING ACTIVITIES:    
Capital expenditures on oil and natural gas properties (863) (651)
Additions to property, equipment and other assets (30) (16)
Proceeds from the disposition of assets 803 294
Direct transaction costs for disposition of assets (18) 0
Funds held in escrow (60) 0
Contributions to equity method investments 0 (39)
Net cash provided by (used in) investing activities (168) (412)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from issuance of debt 105 0
Payments of debt (105) 0
Excess tax benefit (deficiency) from stock-based compensation 0 (1)
Payments for loan costs (7) 0
Purchase of treasury stock (21) (11)
Net cash provided by (used in) financing activities (28) (12)
Net increase (decrease) in cash and cash equivalents 609 252
Cash and cash equivalents at beginning of period 53 229
Cash and cash equivalents at end of period 662 481
NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Issuance of common stock for business combinations $ 291 $ 231