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Statement of Consolidated Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Cash Flows From Operating Activities    
Net income (loss) $ (861) $ (956)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities    
(Gains) losses on asset sales, net (27) 0
Depreciation, depletion and amortization 1,665 1,984
Exploratory dry hole costs 218 176
Exploration lease impairment 24 78
Impairment 0 385
Stock compensation expense 47 51
Provision (benefit) for deferred income taxes and other tax accruals (661) (534)
(Income) loss from discontinued operations, net of income taxes 0 27
Change in operating assets and liabilities    
(Increase) decrease in accounts receivable 79 221
(Increase) decrease in inventories 25 (47)
Increase (decrease) in accounts payable and accrued liabilities (197) (88)
Increase (decrease) in taxes payable (19) 3
Change in other operating assets and liabilities (156) (203)
Cash provided by (used in) operating activities - continuing operations 137 1,097
Cash provided by (used in) operating activities - discontinued operations 0 (21)
Net cash provided by (used in) operating activities 137 1,076
Cash Flows From Investing Activities    
Additions to property, plant and equipment - E&P (1,115) (2,314)
Additions to property, plant and equipment - Bakken Midstream (120) (109)
Proceeds from asset sales 80 0
Other, net 15 (13)
Cash provided by (used in) investing activities - continuing operations (1,140) (2,436)
Cash provided by (used in) investing activities - discontinued operations 0 95
Net cash provided by (used in) investing activities (1,140) (2,341)
Cash Flows From Financing Activities    
Debt with maturities of greater than 90 days – Borrowings 5 0
Debt with maturities of greater than 90 days – Repayments (60) (34)
Proceeds from issuance of preferred stock 557 0
Proceeds from issuance of common stock 1,087 0
Common stock acquired and retired 0 (78)
Cash dividends paid (169) (144)
Other, net (38) 8
Cash provided by (used in) financing activities - continuing operations 1,382 (248)
Cash provided by (used in) financing activities - discontinued operations 0 0
Net cash provided by (used in) financing activities 1,382 (248)
Net Increase (Decrease) in Cash and Cash Equivalents 379 (1,513)
Cash and Cash Equivalents at Beginning of Year 2,716 2,444
Cash and Cash Equivalents at End of Period $ 3,095 $ 931