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Consolidated Statements Of Cash Flows - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Cash flows from operating activities:        
Net earnings (loss) $ 261 $ (668) $ 477 $ (2,483)
Adjustments to reconcile net earnings (loss) to net cash from operating activities:        
Net (earnings) loss from discontinued operations, net of income taxes   (9)   116
Depreciation, depletion and amortization 536 299 1,003 700
Asset impairments       2,666
Leasehold impairments 1 3 2 113
(Amortization) accretion of liabilities (7) 8 (14) 16
Total (gains) losses on commodity derivatives 703 361 1,231 (359)
Cash settlements on commodity derivatives (367) 232 (599) 333
Gains on asset dispositions (87)   (119)  
Deferred income tax expense (benefit) 24   (219) (311)
Share-based compensation 20 19 61 39
Early retirement of debt (10)   (30)  
Other 2 4 2 4
Changes in assets and liabilities, net 17 (99) (110) (155)
Net cash from operating activities - continuing operations 1,093 150 1,685 679
Cash flows from investing activities:        
Capital expenditures (504) (307) (1,003) (732)
Acquisitions of property and equipment (5) (1) (5) (5)
Divestitures of property and equipment 49 3 64 28
WPX acquired cash     344  
Distributions from equity method investments 8   18  
Net cash from investing activities - continuing operations (452) (305) (582) (709)
Cash flows from financing activities:        
Repayments of long-term debt (710)   (1,243)  
Early retirement of debt (32)   (59)  
Repurchases of common stock       (38)
Dividends paid on common stock (229) (42) (432) (76)
Contributions from noncontrolling interests 3 6 3 11
Distributions to noncontrolling interests (5) (3) (9) (6)
Acquisition of noncontrolling interests     (24)  
Shares exchanged for tax withholdings and other (9)   (42) (17)
Net cash from financing activities - continuing operations (982) (39) (1,806) (126)
Effect of exchange rate changes on cash - continuing operations 2   5  
Net change in cash, cash equivalents and restricted cash of continuing operations (339) (194) (698) (156)
Cash flows from discontinued operations:        
Operating activities 0 (43) 0 (174)
Investing activities 0 171 0 170
Financing activities 0 0 0 0
Effect of exchange rate changes on cash 0 8 0 (15)
Net change in cash, cash equivalents and restricted cash of discontinued operations 0 136 0 (19)
Net change in cash, cash equivalents and restricted cash (339) (58) (698) (175)
Cash, cash equivalents and restricted cash at beginning of period 1,878 1,727 2,237 1,844
Cash, cash equivalents and restricted cash at end of period 1,539 1,669 1,539 1,669
Reconciliation of cash, cash equivalents and restricted cash:        
Cash and cash equivalents 1,348 1,474 1,348 1,474
Restricted cash 191 195 191 195
Cash, cash equivalents and restricted cash at end of period $ 1,539 $ 1,669 $ 1,539 $ 1,669