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Consolidated Condensed Statements of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
CASH FLOW FROM OPERATING ACTIVITIES    
Net income / (loss) $ (168) $ 469
Adjustments to reconcile net income / (loss) to net cash provided by operating activities:    
Depreciation, depletion and amortization 504 582
Deferred income tax expense / (benefit) (115) 178
Other noncash charges to income 54 22
Dry hole expenses 7 32
Changes in operating assets and liabilities, net (50) (47)
Net cash provided by operating activities 232 1,236
CASH FLOW FROM INVESTING ACTIVITIES    
Capital investments (228) (1,003)
Changes in capital investment accruals (203) (1)
Acquisitions and other (9) (35)
Net cash used by investing activities (440) (1,039)
CASH FLOW FROM FINANCING ACTIVITIES    
Proceeds from revolving credit facility 1,164  
Repayments of revolving credit facility (934)  
Proceeds from issuance of common stock 5  
Cash dividends paid (4)  
Distributions to Occidental, net   (197)
Net cash provided / (used) by financing activities 231 $ (197)
Increase in cash and cash equivalents 23  
Cash and cash equivalents - beginning of period 14  
Cash and cash equivalents - end of period $ 37