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Statement of Consolidated Cash Flows - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Cash Flows From Operating Activities    
Net income (loss) $ (2,366) $ 75
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Depreciation, depletion and amortization 561 498
Impairment 2,126 0
Exploratory dry hole costs 135 0
Exploration lease and other impairment 32 7
Stock compensation expense 29 27
Noncash (gains) losses on commodity derivatives, net 70 29
Provision (benefit) for deferred income taxes and other tax accruals (85) (1)
Changes in operating assets and liabilities:    
(Increase) decrease in accounts receivable 258 (117)
(Increase) decrease in inventories 31 (29)
Increase (decrease) in accounts payable and accrued liabilities (263) (204)
Increase (decrease) in taxes payable (63) 8
Changes in other operating assets and liabilities (20) (55)
Net cash provided by (used in) operating activities 445 238
Cash Flows From Investing Activities    
Additions to property, plant and equipment - E&P (740) (521)
Additions to property, plant and equipment - Midstream (78) (150)
Payments for Midstream equity investments 0 (7)
Other, net 0 (2)
Net cash provided by (used in) investing activities (818) (680)
Cash Flows From Financing Activities    
Net borrowings (repayments) of debt with maturities of 90 days or less 60 199
Debt with maturities of greater than 90 days – Borrowings 1,000 0
Debt with maturities of greater than 90 days - Repayments 0 (3)
Payments on finance lease obligations (1) (23)
Common stock acquired and retired 0 (25)
Cash dividends paid (81) (88)
Noncontrolling interests, net (63) (13)
Other, net (7) 1
Net cash provided by (used in) financing activities 908 48
Net Increase (Decrease) in Cash and Cash Equivalents 535 (394)
Cash and Cash Equivalents at Beginning of Year 1,545 2,694
Cash and Cash Equivalents at End of Period $ 2,080 $ 2,300