XML 48 R6.htm IDEA: XBRL DOCUMENT v3.3.0.814
Consolidated Statements of Cash Flows - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Operating activities:    
Net income (loss) $ (1,411) $ 2,120
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Discontinued operations 0 (1,058)
Deferred income taxes (590) 337
Depreciation, depletion and amortization 2,289 2,060
Impairments 381 130
Pension and other postretirement benefits, net 9 (27)
Exploratory dry well costs and unproved property impairments 708 220
Net loss on disposal of assets 108 88
Equity method investments, net 41 51
Changes in:    
Current receivables, changes in 738 (270)
Inventories, changes in 30 (32)
Current accounts payable and accrued liabilities, changes in (954) (115)
All other operating, net (136) (28)
Net cash provided by continuing operations 1,213 3,476
Net cash provided by discontinued operations 0 856
Net cash provided by operating activities 1,213 4,332
Investing activities:    
Acquisitions, net of cash acquired 0 (12)
Additions to property, plant and equipment (2,948) (3,639)
Disposal of assets 105 2,237
Investments - return of capital 61 46
Purchases of short-term investments (925) 0
Proceeds from Sale, Maturity and Collection of Investments 225 0
Investing activities of discontinued operations 0 (356)
All other investing, net 22 (24)
Net cash used in investing activities (3,460) (1,748)
Financing activities:    
Commercial paper, net 0 (135)
Borrowings 1,996 0
Debt issuance costs (19) 0
Debt repayments (34) (34)
Purchases of common stock 0 (1,000)
Dividends paid (427) (401)
All other financing, net 14 150
Net cash provided by (used in) financing activities 1,530 (1,420)
Effect of Exchange Rate on Cash and Cash Equivalents, Continuing Operations (1) (1)
Effect of Exchange Rate on Cash and Cash Equivalents, Discontinued Operations 0 (11)
Cash held for sale 0 (655)
Net increase (decrease) in cash and cash equivalents (718) 497
Cash and cash equivalents at beginning of period 2,398 264
Cash and cash equivalents at end of period $ 1,680 $ 761