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Consolidated Statement of Cash Flows (USD $)
In Millions, unless otherwise specified
9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Cash flows from operating activities:    
Net income (loss) $ 540 $ 130
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation, depletion and amortization 665 664
Deferred Income Tax Expense (Benefit), Continuing and Discontinuing Operations 308 89
Stock-based compensation 15 35
Commodity derivative income (33) 66
Cash receipts on derivative settlements, net (106) 45
Gain on sale of malaysia (388) 0
Other non-cash charges 1 7
Changes in operating assets and liabilities:    
(Increase) decrease in accounts receivable 89 16
(Increase) decrease in inventories (1) (4)
(Increase) decrease in other current assets (2) 8
(Increase) decrease in other assets 1 4
Increase (decrease) in accounts payable and accrued liabilities (20) 30
Increase (decrease) in advances from joint owners (1) 10
Increase (decrease) in other liabilities 2 (5)
Net cash provided by operating activities 1,070 1,095
Cash flows from investing activities:    
Additions to oil and gas properties (1,535) (1,441)
Acquisitions of oil and gas properties (21) (64)
Proceeds from sales of oil and gas properties 616 25
Proceeds from Divestiture of Businesses 809 0
Additions to furniture, fixtures and equipment (22) (25)
Redemptions of investments 39 1
Net cash used in investing activities (114) (1,504)
Cash flows from financing activities:    
Proceeds from borrowings under credit arrangements 2,076 2,409
Repayments of borrowings under credit arrangements (2,725) (1,969)
Debt issue costs 0 (4)
Proceeds from issuances of common stock 4 1
Payments for Repurchase of Preferred Stock and Preference Stock 0 (20)
Purchases of treasury stock, net (10) (7)
Net cash provided by (used in) financing activities (655) 410
Increase (decrease) in cash and cash equivalents 301 1
Cash and cash equivalents, beginning of period 95 88
Cash and cash equivalents, end of period $ 396