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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Operating Activities      
Net income (loss) $ 256 $ 151 $ (16)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Depreciation, depletion and amortization 928 785 673
Deferred income tax provision (benefit) 89 84 (134)
Provision for impairment of properties and equipment (including certain exploration expenses) and investments 86 73 158
Gain (Loss) on Disposition of Assets 380 (145) 170
Derivative Instruments Not Designated as Hedging Instruments, Gain (Loss), Net (153) 81 3
Derivative, Cost of Hedge Net of Cash Received 12 (237) 4
Amortization of stock-based awards 37 34 32
Loss on extinguishment of debt 47 71 17
Undistributed equity (earnings) losses, net of distributions received (4) 6 0
Cash provided by (used in) operating assets and liabilities:      
Accounts receivable (62) (59) (153)
Inventories 6 (15) (8)
Other current assets (5) 2 (8)
Accounts payable 97 17 158
Federal Income Taxes receivable and payable 19 (38) 12
Accrued and other current liabilities 3 (22) (31)
Increase (Decrease) in Other Accrued Liabilities (28) (47) (53)
Other, including changes in other noncurrent assets and liabilities 3 14 29
Net cash provided by operating activities(a) [1] 1,257 883 507
Investing Activities(a)      
Payments to Acquire Oil and Gas Property and Equipment [2] 1,357 1,476 1,161
Proceeds from sales of assets 592 682 193
Payments to Acquire Businesses, Gross 0 0 799
Proceeds from joint venture formation 0 0 338
Purchases of or contributions to investments (18) (102) (8)
Proceeds from Equity Method Investment, Distribution, Return of Capital 14 0 0
Other 1 0 1
Net Cash Provided by (Used in) Investing Activities [1] (773) (896) (1,436)
Financing Activities      
Proceeds from common stock 2 10 672
Dividends paid on preferred stock 0 (11) (15)
Payments related to induced conversion of preferred stock to common stock (58) 0 0
Borrowings on credit facility 1,541 1,453 661
Payments on credit facility (1,871) (1,123) (661)
Proceeds from long-term debt, net of discount 593 494 148
Payments for retirement of long-term debt, including premium (594) (986) (165)
Taxes paid for shares withheld 16 14 12
Payments for debt issuance costs and credit facility amendment fees (3) (10) (2)
Other (16) 17 (2)
Net cash provided by (used in) financing activities (422) (170) 624
Net increase (decrease) in cash and cash equivalents and restricted cash 62 (183) (305)
Cash and cash equivalents and restricted cash at beginning of period 18 201 506
Cash and cash equivalents and restricted cash at end of period 80 18 201
Partnership [Member]      
Investing Activities(a)      
Payments to Acquire Oil and Gas Property and Equipment [3] $ 5 $ 0 $ 0
[1] (a) Amounts reflect both continuing and discontinued operations unless otherwise noted.
[2] (b)   Incurred capital expenditures were $1,313 million, $1,510 million and $1,232 million for the respective periods. The difference between incurred and cash
capital expenditures is due to changes in related accounts payable and accounts receivable.
[3] (c) Incurred capital expenditures were $8 million for 2019. The difference between incurred and cash capital expenditures is due to changes in related accounts
payable and accounts receivable.