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STATEMENT OF CONSOLIDATED CASH FLOWS - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Cash Flows From Operating Activities    
Net income (loss) $ (2,812) $ (57)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
(Gains) losses on asset sales, net (8) (22)
Depreciation, depletion and amortization 1,588 1,536
Impairment 2,126 0
Exploratory dry hole costs 166 10
Exploration lease and other impairment 48 14
Pension settlement loss 0 88
Stock compensation expense 63 66
Noncash (gains) losses on commodity derivatives, net 187 87
Provision (benefit) for deferred income taxes and other tax accruals (87) (5)
Changes in operating assets and liabilities:    
(Increase) decrease in accounts receivable 539 (129)
(Increase) decrease in inventories (161) (44)
Increase (decrease) in accounts payable and accrued liabilities (681) (127)
Increase (decrease) in taxes payable (52) 22
Changes in other operating assets and liabilities (69) (83)
Net cash provided by (used in) operating activities 847 1,356
Cash Flows From Investing Activities    
Additions to property, plant and equipment - E&P (1,577) (1,720)
Additions to property, plant and equipment - Midstream (246) (284)
Payments for Midstream equity investments 0 (33)
Proceeds from asset sales, net of cash sold 11 22
Other, net (2) (3)
Net cash provided by (used in) investing activities (1,814) (2,018)
Cash Flows From Financing Activities    
Net borrowings (repayments) of debt with maturities of 90 days or less 146 176
Debt with maturities of greater than 90 days – Borrowings 1,000 0
Debt with maturities of greater than 90 days - Repayments 0 (8)
Payments on finance lease obligations (6) (47)
Common stock acquired and retired 0 (25)
Cash dividends paid (233) (241)
Noncontrolling interests, net (194) (41)
Other, net (6) 17
Net cash provided by (used in) financing activities 707 (169)
Net Increase (Decrease) in Cash and Cash Equivalents (260) (831)
Cash and Cash Equivalents at Beginning of Year 1,545 2,694
Cash and Cash Equivalents at End of Period $ 1,285 $ 1,863