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STATEMENT OF CONSOLIDATED CASH FLOWS - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Cash Flows From Operating Activities    
Net income (loss) $ 534 $ (2,812)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
(Gains) losses on asset sales, net (29) (8)
Depreciation, depletion and amortization 1,130 1,588
Impairment and other 147 2,126
Exploratory dry hole costs 11 166
Exploration lease and other impairment 15 48
Pension settlement loss 5 0
Stock compensation expense 61 63
Noncash (gains) losses on commodity derivatives, net 152 187
Provision (benefit) for deferred income taxes and other tax accruals 79 (87)
Changes in operating assets and liabilities:    
(Increase) decrease in accounts receivable (533) 539
(Increase) decrease in inventories 97 (161)
Increase (decrease) in accounts payable and accrued liabilities 169 (681)
Increase (decrease) in taxes payable 278 (52)
Changes in other operating assets and liabilities (125) (69)
Net cash provided by (used in) operating activities 1,991 847
Cash Flows From Investing Activities    
Additions to property, plant and equipment - E&P (1,118) (1,577)
Additions to property, plant and equipment - Midstream (120) (246)
Proceeds from asset sales, net of cash sold 427 11
Other, net (4) (2)
Net cash provided by (used in) investing activities (815) (1,814)
Cash Flows From Financing Activities    
Net borrowings (repayments) of debt with maturities of 90 days or less (32) 146
Debt with maturities of greater than 90 days – Borrowings 750 1,000
Debt with maturities of greater than 90 days - Repayments (508) 0
Proceeds from sale of Class A shares of Hess Midstream LP 70 0
Payments on finance lease obligations (7) (6)
Cash dividends paid (234) (233)
Employee stock options exercised 75 15
Noncontrolling interests, net (589) (194)
Other, net (21) (21)
Net cash provided by (used in) financing activities (496) 707
Net Increase (Decrease) in Cash and Cash Equivalents 680 (260)
Cash and Cash Equivalents at Beginning of Year 1,739 1,545
Cash and Cash Equivalents at End of Period $ 2,419 $ 1,285