XML 107 R45.htm IDEA: XBRL DOCUMENT v3.19.3
Change in Accounting Principle - Statements of Cash Flows (Details) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
CASH FLOWS FROM OPERATING ACTIVITIES:        
NET INCOME (LOSS) $ (61) $ (146) [1],[2] $ 16 $ (377) [1],[2],[3]
ADJUSTMENTS TO RECONCILE NET INCOME (LOSS) TO CASH PROVIDED BY OPERATING ACTIVITIES:        
Depreciation, depletion and amortization 573 405 [2] 1,672 1,335 [2],[3]
Deferred income tax benefit     (314) (10) [3]
Derivative (gains) losses, net     (137) 500 [3]
Cash receipts (payments) on derivative settlements, net     129 (162) [3]
Stock-based compensation     24 25 [3]
Gains on sales of assets (13) 10 [2] (33) (27) [2],[3]
Impairments 9 58 [2] 11 122 [2],[3]
Exploration     35 81 [3]
(Gains) losses on investments     21 (139) [3]
(Gains) losses on purchases or exchanges of debt     (70) 68
Other     42 (90) [3]
Changes in assets and liabilities     (214) 69 [3]
Net Cash Provided By Operating Activities     1,182 1,395 [3]
CASH FLOWS FROM INVESTING ACTIVITIES:        
Drilling and completion costs     (1,640) (1,407) [3]
Business combination, net     (353) 0 [3]
Acquisitions of proved and unproved properties     (31) (118) [3]
Proceeds from divestitures of proved and unproved properties     110 395 [3]
Additions to other property and equipment     (27) (11) [3]
Proceeds from sales of other property and equipment     6 75 [3]
Proceeds from sales of investments     0 74 [3]
Net Cash Used In Investing Activities     (1,935) (992) [3]
CASH FLOWS FROM FINANCING ACTIVITIES:        
Proceeds from revolving credit facility borrowings     8,805 9,095 [3]
Payments on revolving credit facility borrowings     (7,495) (9,231) [3]
Proceeds from issuance of senior notes, net     0 1,237 [3]
Cash paid to purchase debt     (457) (1,285) [3]
Extinguishment of other financing     0 (122) [3]
Cash paid for preferred stock dividends     (69) (69) [3]
Distributions to noncontrolling interest owners     (2) (5) [3]
Other     (19) (24) [3]
Net Cash Provided By (Used In) Financing Activities     763 (404) [3]
Net increase (decrease) in cash and cash equivalents     10 (1) [3]
Cash and cash equivalents, beginning of period     4 5 [3]
Cash and cash equivalents, end of period 14 4 [3] 14 4 [3]
Under Full Cost        
CASH FLOWS FROM OPERATING ACTIVITIES:        
NET INCOME (LOSS) 144 85 634 363
ADJUSTMENTS TO RECONCILE NET INCOME (LOSS) TO CASH PROVIDED BY OPERATING ACTIVITIES:        
Depreciation, depletion and amortization 421 291 1,197 867
Deferred income tax benefit     (314) (10)
Derivative (gains) losses, net     (137) 500
Cash receipts (payments) on derivative settlements, net     129 (162)
Stock-based compensation     24 25
Gains on sales of assets 0 0 0 0
Impairments 1 5 3 51
Exploration     0 0
(Gains) losses on investments     21 (139)
(Gains) losses on purchases or exchanges of debt     (70) 68
Other     33 (83)
Changes in assets and liabilities     (169) 116
Net Cash Provided By Operating Activities     1,351 1,596
CASH FLOWS FROM INVESTING ACTIVITIES:        
Drilling and completion costs     (1,694) (1,482)
Business combination, net     (353)  
Acquisitions of proved and unproved properties     (146) (244)
Proceeds from divestitures of proved and unproved properties     110 395
Additions to other property and equipment     (27) (11)
Proceeds from sales of other property and equipment     6 75
Proceeds from sales of investments       74
Net Cash Used In Investing Activities     (2,104) (1,193)
CASH FLOWS FROM FINANCING ACTIVITIES:        
Proceeds from revolving credit facility borrowings     8,805 9,095
Payments on revolving credit facility borrowings     (7,495) (9,231)
Proceeds from issuance of senior notes, net       1,237
Cash paid to purchase debt     (457) (1,285)
Extinguishment of other financing       (122)
Cash paid for preferred stock dividends     (69) (69)
Distributions to noncontrolling interest owners     (2) (5)
Other     (19) (24)
Net Cash Provided By (Used In) Financing Activities     763 (404)
Net increase (decrease) in cash and cash equivalents     10 (1)
Cash and cash equivalents, beginning of period     4 5
Cash and cash equivalents, end of period 14 4 14 4
Successful Efforts Adjustment        
CASH FLOWS FROM OPERATING ACTIVITIES:        
NET INCOME (LOSS) (205) (231) (618) (740)
ADJUSTMENTS TO RECONCILE NET INCOME (LOSS) TO CASH PROVIDED BY OPERATING ACTIVITIES:        
Depreciation, depletion and amortization 152 114 475 468
Deferred income tax benefit     0 0
Derivative (gains) losses, net     0 0
Cash receipts (payments) on derivative settlements, net     0 0
Stock-based compensation     0 0
Gains on sales of assets (13) 10 (33) (27)
Impairments 8 53 8 71
Exploration     35 81
(Gains) losses on investments     0 0
(Gains) losses on purchases or exchanges of debt     0 0
Other     9 (7)
Changes in assets and liabilities     (45) (47)
Net Cash Provided By Operating Activities     (169) (201)
CASH FLOWS FROM INVESTING ACTIVITIES:        
Drilling and completion costs     54 75
Business combination, net     0  
Acquisitions of proved and unproved properties     115 126
Proceeds from divestitures of proved and unproved properties     0 0
Additions to other property and equipment     0 0
Proceeds from sales of other property and equipment     0 0
Proceeds from sales of investments       0
Net Cash Used In Investing Activities     169 201
CASH FLOWS FROM FINANCING ACTIVITIES:        
Proceeds from revolving credit facility borrowings     0 0
Payments on revolving credit facility borrowings     0 0
Proceeds from issuance of senior notes, net       0
Cash paid to purchase debt     0 0
Extinguishment of other financing       0
Cash paid for preferred stock dividends     0 0
Distributions to noncontrolling interest owners     0 0
Other     0 0
Net Cash Provided By (Used In) Financing Activities     0 0
Net increase (decrease) in cash and cash equivalents     0 0
Cash and cash equivalents, beginning of period     0 0
Cash and cash equivalents, end of period $ 0 $ 0 $ 0 $ 0
[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.