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Statement of Consolidated Cash Flows - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Cash Flows From Operating Activities    
Net income (loss) $ (1,178) $ (1,208)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities    
(Gains) losses on asset sales, net (27) (50)
Depreciation, depletion and amortization 2,476 2,972
Exploratory dry hole costs 234 180
Exploration lease impairment 33 139
Impairment 0 385
Loss from equity affiliates 0 10
Stock compensation expense 69 71
Provision (benefit) for deferred income taxes and other tax accruals (973) (819)
Loss on debt extinguishment 80 0
(Income) loss from discontinued operations, net of income taxes 0 40
Changes in operating assets and liabilities    
(Increase) decrease in accounts receivable 278 489
(Increase) decrease in inventories 1 (17)
Increase (decrease) in accounts payable and accrued liabilities (266) (449)
Increase (decrease) in taxes payable (28) (230)
Changes in other operating assets and liabilities (230) (124)
Cash provided by (used in) operating activities - continuing operations 469 1,389
Cash provided by (used in) operating activities - discontinued operations 0 (31)
Net cash provided by (used in) operating activities 469 1,358
Cash Flows From Investing Activities    
Additions to property, plant and equipment - E&P (1,578) (3,232)
Additions to property, plant and equipment - Bakken Midstream (186) (154)
Proceeds from asset sales 80 25
Other, net 18 (44)
Cash provided by (used in) investing activities - continuing operations (1,666) (3,405)
Cash provided by (used in) investing activities - discontinued operations 0 108
Net cash provided by (used in) investing activities (1,666) (3,297)
Cash Flows From Financing Activities    
Debt with maturities of greater than 90 days – Borrowings 1,501 600
Debt with maturities of greater than 90 days – Repayments (825) (51)
Proceeds from issuance of preferred stock 557 0
Proceeds from issuance of common stock 1,087 0
Common stock acquired and retired 0 (142)
Cash dividends paid (260) (215)
Noncontrolling interests, net 0 2,329
Other, net (50) (13)
Cash provided by (used in) financing activities - continuing operations 2,010 2,508
Cash provided by (used in) financing activities - discontinued operations 0 0
Net cash provided by (used in) financing activities 2,010 2,508
Net Increase (Decrease) in Cash and Cash Equivalents 813 569
Cash and Cash Equivalents at Beginning of Year 2,716 2,444
Cash and Cash Equivalents at End of Period $ 3,529 $ 3,013