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STATEMENT OF CONSOLIDATED CASH FLOWS - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Cash Flows From Operating Activities    
Net income (loss) $ 349 $ (2,629)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
(Gains) losses on asset sales, net 0 (8)
Depreciation, depletion and amortization 781 1,070
Impairment and other 147 2,126
Exploratory dry hole costs 9 135
Exploration lease and other impairment 10 38
Pension settlement loss 4 0
Stock compensation expense 44 47
Noncash (gains) losses on commodity derivatives, net 88 119
Provision (benefit) for deferred income taxes and other tax accruals 42 (95)
Changes in operating assets and liabilities:    
(Increase) decrease in accounts receivable (315) 628
(Increase) decrease in inventories 137 (99)
Increase (decrease) in accounts payable and accrued liabilities (56) (520)
Increase (decrease) in taxes payable 187 (63)
Changes in other operating assets and liabilities (51) (38)
Net cash provided by (used in) operating activities 1,376 711
Cash Flows From Investing Activities    
Additions to property, plant and equipment - E&P (687) (1,250)
Additions to property, plant and equipment - Midstream (53) (147)
Proceeds from asset sales, net of cash sold 297 11
Other, net (2) (2)
Net cash provided by (used in) investing activities (445) (1,388)
Cash Flows From Financing Activities    
Net borrowings (repayments) of debt with maturities of 90 days or less (75) 72
Debt with maturities of greater than 90 days – Borrowings 0 1,000
Debt with maturities of greater than 90 days - Repayments (5) 0
Proceeds from sale of Class A shares of Hess Midstream LP 70 0
Payments on finance lease obligations (4) (3)
Cash dividends paid (157) (157)
Employee stock options exercised 75 15
Noncontrolling interests, net (137) (128)
Other, net (7) (21)
Net cash provided by (used in) financing activities (240) 778
Net Increase (Decrease) in Cash and Cash Equivalents 691 101
Cash and Cash Equivalents at Beginning of Year 1,739 1,545
Cash and Cash Equivalents at End of Period $ 2,430 $ 1,646