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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
CASH FLOWS FROM OPERATING ACTIVITIES:    
NET INCOME (LOSS) [1],[2] $ 77 $ (231)
ADJUSTMENTS TO RECONCILE NET INCOME (LOSS) TO CASH PROVIDED BY OPERATING ACTIVITIES:    
Depreciation, depletion and amortization 1,099 930 [2],[3]
Deferred income tax benefit (314) (9) [2]
Derivative losses, net 30 368 [2]
Cash payments on derivative settlements, net 15 (55) [2]
Stock-based compensation 17 18 [2]
Gains on sales of assets (20) (37) [2],[3]
Impairments 2 64 [2],[3]
Exploration 25 73 [2]
(Gains) losses on investments 18 (139) [2]
Other 41 (93) [2]
Changes in assets and liabilities (137) 62 [2]
Net Cash Provided By Operating Activities 853 951 [2]
CASH FLOWS FROM INVESTING ACTIVITIES:    
Drilling and completion costs (1,070) (928) [2]
Business combination, net (353) 0 [2]
Acquisitions of proved and unproved properties (17) (102) [2]
Proceeds from divestitures of proved and unproved properties 82 384 [2]
Additions to other property and equipment (18) (5) [2]
Proceeds from sales of other property and equipment 4 74 [2]
Proceeds from sales of investments 0 74 [2]
Net Cash Used In Investing Activities (1,372) (503) [2]
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from revolving credit facility borrowings 6,416 6,118 [2]
Payments on revolving credit facility borrowings (5,452) (6,393) [2]
Cash paid to purchase debt (381) 0 [2]
Extinguishment of other financing 0 (122) [2]
Cash paid for preferred stock dividends (46) (46) [2]
Distributions to noncontrolling interest owners (2) (3) [2]
Other (16) (4) [2]
Net Cash Provided By (Used In) Financing Activities 519 (450) [2]
Net decrease in cash and cash equivalents 0 (2) [2]
Cash and cash equivalents, beginning of period 4 5 [2]
Cash and cash equivalents, end of period 4 3 [2]
SUPPLEMENTAL CASH FLOW INFORMATION:    
Interest paid, net of capitalized interest 296 316 [2]
Income taxes paid, net of refunds received (5) (7) [2]
SUPPLEMENTAL DISCLOSURE OF SIGNIFICANT NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Common stock issued for business combination 2,037 0 [2]
Change in senior notes exchanged 35 0 [2]
Change in accrued drilling and completion costs    
SUPPLEMENTAL DISCLOSURE OF SIGNIFICANT NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Change in non-cash investing and financing activities 17 109 [2]
Change in divested proved and unproved properties    
SUPPLEMENTAL DISCLOSURE OF SIGNIFICANT NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Change in non-cash investing and financing activities $ (125) $ 0 [2]
[1] Financial information for 2018 has been recast to reflect the retrospective application of the successful efforts method of accounting. See Note 1.
[2] Financial information for 2018 has been recast to reflect the retrospective application of the successful efforts method of accounting. See Note 1.
[3] Financial information for 2018 has been recast to reflect the retrospective application of the successful efforts method of accounting. See Note 1.