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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
CASH FLOWS FROM OPERATING ACTIVITIES:    
NET INCOME (LOSS) $ (8,589) $ 77
ADJUSTMENTS TO RECONCILE NET LOSS TO CASH PROVIDED BY OPERATING ACTIVITIES:    
Depreciation, depletion and amortization 761 1,099
Deferred income tax benefit (10) (314)
Derivative (gains) losses, net (734) 30
Cash receipts on derivative settlements, net 880 15
Stock-based compensation 9 17
Gains on sales of assets 0 (20)
Impairments 8,522 2
Non-cash reorganization items, net (449) 0
Exploration 406 25
Losses on investments 23 18
Gains on purchases or exchanges of debt (65) 0
Other (22) 41
Changes in assets and liabilities 41 (137)
Net Cash Provided By Operating Activities 773 853
CASH FLOWS FROM INVESTING ACTIVITIES:    
Drilling and completion costs (843) (1,070)
Business combination, net 0 (353)
Acquisitions of proved and unproved properties (9) (17)
Proceeds from divestitures of proved and unproved properties 7 82
Additions to other property and equipment (15) (18)
Proceeds from sales of other property and equipment 4 4
Net Cash Used In Investing Activities (856) (1,372)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from pre-petition revolving credit facility borrowings 3,806 6,416
Payments on pre-petition revolving credit facility borrowings (3,467) (5,452)
Cash paid to purchase debt (95) (381)
DIP credit facility financing costs (55) 0
Cash paid for preferred stock dividends (22) (46)
Other (8) (18)
Net Cash Provided By Financing Activities 159 519
Net increase in cash and cash equivalents 76 0
Cash and cash equivalents, beginning of period 6 4
Cash and cash equivalents, end of period 82 4
SUPPLEMENTAL CASH FLOW INFORMATION:    
Cash paid for reorganization items, net 55 0
Interest paid, net of capitalized interest 177 296
Income taxes paid, net of refunds received (2) (5)
SUPPLEMENTAL DISCLOSURE OF SIGNIFICANT NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Common stock issued for business combination 0 2,037
Change in senior notes exchanged 0 35
Change in accrued drilling and completion costs    
SUPPLEMENTAL DISCLOSURE OF SIGNIFICANT NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Change in accrued drilling and completion costs $ (223) $ 17