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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
CASH FLOWS FROM OPERATING ACTIVITIES:    
NET INCOME (LOSS) $ (9,334) $ 16
ADJUSTMENTS TO RECONCILE NET INCOME (LOSS) TO CASH PROVIDED BY OPERATING ACTIVITIES:    
Depreciation, depletion and amortization 931 1,672
Deferred income tax benefit (10) (314)
Derivative gains, net (573) (137)
Cash receipts on derivative settlements, net 890 129
Stock-based compensation 16 24
Gains on sales of assets (1) (33)
Impairments 8,522 11
Non-cash reorganization items, net (300) 0
Exploration 409 35
Losses on investments 23 21
Gains on purchases or exchanges of debt (65) (70)
Other (46) 42
Changes in assets and liabilities 693 (214)
Net Cash Provided By Operating Activities 1,155 1,182
CASH FLOWS FROM INVESTING ACTIVITIES:    
Drilling and completion costs (946) (1,640)
Business combination, net 0 (353)
Acquisitions of proved and unproved properties (9) (31)
Proceeds from divestitures of proved and unproved properties 10 110
Additions to other property and equipment (18) (27)
Proceeds from sales of other property and equipment 5 6
Net Cash Used In Investing Activities (958) (1,935)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from pre-petition revolving credit facility borrowings 3,806 8,805
Payments on pre-petition revolving credit facility borrowings (3,467) (7,495)
Proceeds from DIP credit facility borrowings 60 0
Payments on DIP credit facility borrowings (60) 0
DIP credit facility and exit facilities financing costs (109) 0
Cash paid to purchase debt (95) (457)
Cash paid for preferred stock dividends (22) (69)
Other (10) (21)
Net Cash Provided By Financing Activities 103 763
Net increase in cash and cash equivalents 300 10
Cash and cash equivalents, beginning of period 6 4
Cash and cash equivalents, end of period 306 14
SUPPLEMENTAL CASH FLOW INFORMATION:    
Cash paid for reorganization items, net 118 0
Interest paid, net of capitalized interest 201 487
Income taxes paid, net of refunds received 1 (6)
SUPPLEMENTAL DISCLOSURE OF SIGNIFICANT NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Put option premium on equity backstop agreement 60 0
Operating lease obligations recognized 32 0
Common stock issued for business combination 0 2,037
Debt exchanged for common stock 0 693
Preferred stock exchanged for common stock 0 40
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 $ (206) $ 49