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Statement of Consolidated Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Cash Flows From Operating Activities    
Net income (loss) $ 109 $ (152)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Gains on asset sales, net (22) (18)
Depreciation, depletion and amortization 992 861
Exploratory dry hole costs 0 13
Exploration lease and other impairment 11 20
Stock compensation expense 48 32
Noncash (gains) losses on commodity derivatives, net 58 85
Provision (benefit) for deferred income taxes and other tax accruals (1) (34)
Loss on debt extinguishment 0 53
Changes in operating assets and liabilities:    
(Increase) decrease in accounts receivable (70) (68)
(Increase) decrease in inventories (33) 1
Increase (decrease) in accounts payable and accrued liabilities (130) (64)
Increase (decrease) in taxes payable 14 (34)
Changes in other operating assets and liabilities (63) (60)
Net cash provided by (used in) operating activities 913 635
Cash Flows From Investing Activities    
Additions to property, plant and equipment - E&P (1,085) (793)
Additions to property, plant and equipment - Midstream (210) (100)
Payments for Midstream equity investments (23) (41)
Proceeds from asset sales, net of cash sold 22 33
Other, net (1) (5)
Net cash provided by (used in) investing activities (1,297) (906)
Cash Flows From Financing Activities    
Net borrowings (repayments) of debt with maturities of 90 days or less 160 0
Debt with maturities of greater than 90 days – Repayments (5) (591)
Payments on finance lease obligations (45) 0
Common stock acquired and retired (25) (890)
Cash dividends paid (164) (176)
Noncontrolling interests, net (27) (23)
Other, net 4 12
Net cash provided by (used in) financing activities (102) (1,668)
Net Increase (Decrease) in Cash and Cash Equivalents (486) (1,939)
Cash and Cash Equivalents at Beginning of Year 2,694 4,847
Cash and Cash Equivalents at End of Period $ 2,208 $ 2,908