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Consolidated Statements Of Cash Flows - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Cash flows from operating activities:        
Net earnings (loss) $ 844 $ (90) $ 1,321 $ (2,573)
Adjustments to reconcile net earnings (loss) to net cash from operating activities:        
Net (earnings) loss from discontinued operations, net of income taxes   (13)   103
Depreciation, depletion and amortization 578 299 1,581 999
Asset impairments       2,666
Leasehold impairments 1 36 3 149
(Amortization) accretion of liabilities (7) 8 (21) 24
Total (gains) losses on commodity derivatives 335 87 1,566 (272)
Cash settlements on commodity derivatives (370) 10 (969) 343
Gains on asset dispositions     (119)  
Deferred income tax expense (benefit) 119   (100) (311)
Share-based compensation 19 31 80 70
Early retirement of debt     (30)  
Other 11 1 13 5
Changes in assets and liabilities, net 68 58 (42) (97)
Net cash from operating activities - continuing operations 1,598 427 3,283 1,106
Cash flows from investing activities:        
Capital expenditures (474) (204) (1,477) (936)
Acquisitions of property and equipment (10)   (15) (5)
Divestitures of property and equipment 1 1 65 29
WPX acquired cash     344  
Distributions from equity method investments 9   27  
Net cash from investing activities - continuing operations (474) (203) (1,056) (912)
Cash flows from financing activities:        
Repayments of long-term debt     (1,243)  
Early retirement of debt     (59)  
Repurchases of common stock       (38)
Dividends paid on common stock (329) (43) (761) (119)
Contributions from noncontrolling interests 1 1 4 12
Distributions to noncontrolling interests (6) (4) (15) (10)
Acquisition of noncontrolling interests     (24)  
Shares exchanged for tax withholdings and other (3)   (45) (17)
Net cash from financing activities - continuing operations (337) (46) (2,143) (172)
Effect of exchange rate changes on cash - continuing operations (5)      
Net change in cash, cash equivalents and restricted cash of continuing operations 782 178 84 22
Cash flows from discontinued operations:        
Operating activities 0 45 0 (129)
Investing activities 0 1 0 171
Financing activities 0 0 0 0
Effect of exchange rate changes on cash 0 4 0 (11)
Net change in cash, cash equivalents and restricted cash of discontinued operations 0 50 0 31
Net change in cash, cash equivalents and restricted cash 782 228 84 53
Cash, cash equivalents and restricted cash at beginning of period 1,539 1,669 2,237 1,844
Cash, cash equivalents and restricted cash at end of period 2,321 1,897 2,321 1,897
Reconciliation of cash, cash equivalents and restricted cash:        
Cash and cash equivalents 2,144 1,707 2,144 1,707
Restricted cash 177 190 177 190
Cash, cash equivalents and restricted cash at end of period $ 2,321 $ 1,897 $ 2,321 $ 1,897