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Statement of Consolidated Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Cash Flows From Operating Activities      
Net Income (Loss) $ (3,007) $ 2,374 $ 5,222
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities      
(Gains) losses on asset sales, net (51) (823) (2,174)
Depreciation, depletion and amortization 3,955 3,224 2,687
Impairment 1,616 0 289
Loss from equity affiliates 25 84 0
Exploratory dry hole costs 410 301 344
Exploration lease impairment 182 207 245
Stock compensation expense 97 87 60
Provision (benefit) for deferred income taxes (1,319) 270 (427)
(Income) loss from discontinued operations, net of income taxes 48 (682) (1,186)
Changes in operating assets and liabilities      
(Increase) decrease in accounts receivable 841 (199) (239)
(Increase) decrease in inventories 29 62 134
Increase (decrease) in accounts payable and accrued liabilities (424) 79 (375)
Increase (decrease) in taxes payable (222) (108) (435)
Changes in operating assets and liabilities (164) (372) (209)
Cash provided by (used in) operating activities - continuing operations 2,016 4,504 3,936
Cash provided by (used in) operating activities - discontinued operations (35) (47) 1,162
Net cash provided by (used in) operating activities 1,981 4,457 5,098
Cash Flows From Investing Activities      
Additions to property, plant and equipment - E&P (3,956) (4,867) (5,413)
Additions to property, plant and equipment - Bakken Midstream (365) (347) (524)
Proceeds from asset sales 50 2,978 4,458
Other, net (44) (192) (285)
Cash provided by (used in) investing activities - continuing operations (4,315) (2,428) (1,764)
Cash provided by (used in) investing activities - discontinued operations 109 2,436 2,114
Net cash provided by (used in) investing activities (4,206) 8 350
Cash Flows From Financing Activities      
Net borrowings (repayments) of debt with maturities of 90 days or less 0 0 (1,748)
Debt with maturities of greater than 90 days – Borrowings 710 598 535
Debt with maturities of greater than 90 days – Repayments (67) (590) (1,271)
Common stock acquired and retired (142) (3,715) (1,493)
Cash dividends paid (287) (303) (235)
Employee stock options exercised, including income tax benefits 12 182 128
Noncontrolling interests, net 2,296 0 (182)
Other, net (25) 0 0
Cash provided by (used in) financing activities - continuing operations 2,497 (3,828) (4,266)
Cash provided by (used in) financing activities - discontinued operations 0 (7) (10)
Net cash provided by (used in) financing activities 2,497 (3,835) (4,276)
Net Increase (Decrease) In Cash and Cash Equivalents 272 630 1,172
Cash and Cash Equivalents at Beginning of Year 2,444 1,814 642
Cash and Cash Equivalents at End of Year $ 2,716 $ 2,444 $ 1,814