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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Cash Flows from Operating Activities    
Net Income (Loss) $ (899,571) $ 1,483,267
Items Not Requiring (Providing) Cash    
Depreciation, Depletion and Amortization 1,706,739 1,836,899
Impairments 1,878,350 184,486
Stock-Based Compensation Expenses 79,643 77,653
Deferred Income Taxes (207,692) 324,294
Gains (Losses) on Asset Dispositions, Net 29,693 4,173
Other, Net 171 5,439
Dry Hole Costs 459 3,863
Mark-to-Market Commodity Derivative Contracts    
Total Gains (1,079,411) (156,720)
Net Cash Received from Settlements of Commodity Derivative Contracts 723,761 31,290
Other, Net (720) 1,639
Changes in Components of Working Capital and Other Assets and Liabilities    
Accounts Receivable 1,191,457 (69,746)
Inventories 84,575 (11,259)
Accounts Payable (1,184,718) 126,853
Accrued Taxes Payable (61,087) 53,280
Other Assets 252,978 487,387
Other Liabilities (64,403) (58,106)
Changes in Components of Working Capital Associated with Investing and Financing Activities 282,154 (22,034)
Net Cash Provided by Operating Activities 2,672,992 4,294,312
Investing Cash Flows    
Additions to Oil and Gas Properties (1,990,033) (3,446,497)
Additions to Other Property, Plant and Equipment (147,366) (116,881)
Proceeds from Sales of Assets 43,368 17,642
Changes in Components of Working Capital Associated with Investing Activities (282,154) 22,056
Net Cash Used in Investing Activities (2,376,185) (3,523,680)
Financing Cash Flows    
Long-Term Debt Borrowings 1,483,852 0
Long-Term Debt Repayments (1,000,000) (900,000)
Dividends Paid (384,100) (254,681)
Treasury Stock Purchased (5,057) (8,403)
Proceeds from Stock Options Exercised and Employee Stock Purchase Plan 8,614 8,695
Debt Issuance Costs (2,635) (4,902)
Repayment of Finance Lease Liabilities (8,445) (6,403)
Changes in Components of Working Capital Associated with Financing Activities 0 (22)
Net Cash Provided by (Used in) Financing Activities 92,229 (1,165,716)
Effect of Exchange Rate Changes on Cash (507) (65)
Increase (Decrease) in Cash and Cash Equivalents 388,529 (395,149)
Cash and Cash Equivalents at Beginning of Period 2,027,972 1,555,634
Cash and Cash Equivalents at End of Period $ 2,416,501 $ 1,160,485