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Statement of Consolidated Cash Flows (Unaudited) (USD $)
In Millions
9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
CASH FLOWS FROM OPERATING ACTIVITIES  
Net income$ 1,810$ 2,055
Adjustments to reconcile net income to net cash provided by operating activities  
Depreciation, depletion and amortization1,7321,684
Asset impairments358532
Exploratory dry hole costs and lease impairment434308
Provision (benefit) for deferred income taxes(224)(242)
(Income) loss from equity investment in HOVENSA L.L.C.133174
Gains on asset sales(446)(1,208)
Stock compensation expense7784
Changes in operating assets and liabilities and other(28)(335)
Net cash provided by operating activities3,8463,052
CASH FLOWS FROM INVESTING ACTIVITIES  
Capital expenditures(4,891)(3,151)
Proceeds from asset sales490183
Other, net(74)(25)
Net cash used in investing activities(4,475)(2,993)
Debt with maturities of greater than 90 days  
Borrowings141,261
Repayments(50)(168)
Cash dividends paid(136)(131)
Other, net20(30)
Net cash provided by (used in) financing activities(152)932
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS(781)991
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR1,6081,362
CASH AND CASH EQUIVALENTS AT END OF PERIOD$ 827$ 2,353