XML 53 R6.htm IDEA: XBRL DOCUMENT v2.4.0.8
Statement of Consolidated Cash Flows (USD $)
In Millions, unless otherwise specified
9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
CASH FLOWS FROM OPERATING ACTIVITIES    
NET INCOME $ 2,381 $ 3,307
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation, depletion and amortization 2,349 1,974
Exploratory dry hole costs 297 87
Exploration lease impairment 183 167
(Gains) losses on asset sales (820) (1,794)
Loss from equity affiliates 84  
Stock compensation expense 65 52
Provision for deferred income taxes 233 392
Income from discontinued operations (612) (189)
Changes in operating assets and liabilities (721) (966)
Cash provided by (used in) operating activities — continuing operations 3,439 3,030
Cash provided by (used in) operating activities — discontinued operations (32) 290
Net cash provided by (used in) operating activities 3,407 3,320
CASH FLOWS FROM INVESTING ACTIVITIES    
Capital expenditures (3,710) (4,389)
Proceeds from asset sales 2,978 3,802
Other, net (137) (165)
Cash provided by (used in) investing activities — continuing operations (869) (752)
Cash provided by (used in) investing activities — discontinued operations 2,408 (60)
Net cash provided by (used in) investing activities 1,539 (812)
CASH FLOWS FROM FINANCING ACTIVITIES    
Net borrowings (repayments) of debt with maturities of 90 days or less   (1,313)
Debt with maturities of greater than 90 days    
Borrowings 598 535
Repayments (553) (1,290)
Common stock acquired and retired (2,638) (500)
Cash dividends paid (232) (154)
Employee stock options exercised, including income tax benefits 191 84
Noncontrolling interests, net (4) (189)
Cash provided by (used in) financing activities — continuing operations (2,638) (2,827)
Cash provided by (used in) financing activities — discontinued operations (2) (2)
Net cash provided by (used in) financing activities (2,640) (2,829)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 2,306 (321)
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR 1,814 642
CASH AND CASH EQUIVALENTS AT END OF PERIOD $ 4,120 $ 321