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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Operating activities:    
Net income (loss) $ 356 $ (4,957)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Discontinued operations 0 4,907
Depreciation, depletion and amortization 590 556
Impairments 8 4
Exploratory dry well costs and unproved property impairments 42 20
Net (gain) loss on disposal of assets (257) (1)
Deferred income taxes (31) 14
Net (gain) loss on derivative instruments 102 (77)
Net settlements of derivative instruments (59) (7)
Share-based Compensation 14 14
Equity method investments, net 32 13
Changes in:    
Current receivables, changes in (130) (1)
Inventories, changes in (9) (10)
Current accounts payable and accrued liabilities, changes in 81 (1)
All other operating, net (90) 27
Net cash provided by operating activities from continuing operations 649 501
Investing activities:    
Additions to property, plant and equipment (662) (283)
Acquisitions, net of cash acquired (4) 0
Deposits for acquisitions 0 (180)
Disposal of assets, net of cash transferred to buyer 1,180 0
Equity method investments - return of capital 9 12
All other investing, net (74) 1
Net cash provided by (used in) investing activities from continuing operations 449 (450)
Financing activities:    
Purchases of common stock (9) (7)
Dividends paid (42) (42)
All other financing, net 2 (1)
Net cash provided by (used in) financing activities (49) (50)
Cash flow from discontinued operations:    
Operating activities 0 95
Investing activities 0 (9)
Change in cash included in current assets held for sale 0 (86)
Net cash provided by discontinued operations 0 0
Effect of exchange rate on cash and cash equivalents 1 1
Net increase (decrease) in cash and cash equivalents 1,050 2
Cash and cash equivalents at beginning of period 563 2,488
Cash and cash equivalents at end of period $ 1,613 $ 2,490