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Consolidated Statements Of Cash Flows - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Cash flows from operating activities:        
Net earnings $ 1,900 $ 844 $ 4,833 $ 1,321
Adjustments to reconcile net earnings (loss) to net cash from operating activities:        
Depreciation, depletion and amortization 581 578 1,598 1,581
Leasehold impairments 2 1 10 3
Amortization of liabilities (8) (7) (23) (21)
Total (gains) losses on commodity derivatives (248) 335 605 1,566
Cash settlements on commodity derivatives (363) (370) (1,179) (969)
Gains on asset dispositions 0 0 (15) (119)
Deferred income tax expense (benefit) 445 119 914 (100)
Share-based compensation 22 19 65 80
Early retirement of debt 0 0 0 (30)
Other 8 11 (9) 13
Changes in assets and liabilities, net (235) 68 (180) (42)
Net cash from operating activities 2,104 1,598 6,619 3,283
Cash flows from investing activities:        
Capital expenditures (628) (474) (1,738) (1,477)
Acquisitions of property and equipment (2,465) (10) (2,566) (15)
Divestitures of property and equipment 4 1 39 65
WPX acquired cash 0 0 0 344
Distributions from investments 7 9 30 27
Contributions to investments (16) 0 (59) 0
Net cash from investing activities (3,098) (474) (4,294) (1,056)
Cash flows from financing activities:        
Repayments of long-term debt 0 0 0 (1,243)
Early retirement of debt 0 0 0 (59)
Repurchases of common stock (126) 0 (661) 0
Dividends paid on common stock (1,007) (329) (2,504) (761)
Contributions from noncontrolling interests 0 1 0 4
Distributions to noncontrolling interests (9) (6) (22) (15)
Acquisition of noncontrolling interests 0 0 0 (24)
Shares exchanged for tax withholdings and other (1) (3) (86) (45)
Net cash from financing activities (1,143) (337) (3,273) (2,143)
Effect of exchange rate changes on cash (10) (5) (13) 0
Net change in cash, cash equivalents and restricted cash (2,147) 782 (961) 84
Cash, cash equivalents and restricted cash at beginning of period 3,457 1,539 2,271 2,237
Cash, cash equivalents and restricted cash at end of period 1,310 2,321 1,310 2,321
Reconciliation of cash, cash equivalents and restricted cash:        
Cash and cash equivalents 1,166 2,144 1,166 2,144
Restricted cash 144 177 144 177
Total cash, cash equivalents and restricted cash $ 1,310 $ 2,321 $ 1,310 $ 2,321