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Statement of Consolidated Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Cash Flows From Operating Activities      
Net income (loss) $ (6,076) $ (3,007) $ 2,374
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities      
(Gains) losses on asset sales, net (23) (51) (823)
Depreciation, depletion and amortization 3,244 3,955 3,224
Impairment 67 1,616 0
Loss from equity affiliates 0 25 84
Exploratory dry hole costs 1,064 410 301
Exploration lease and other impairment 145 182 207
Stock compensation expense 73 97 87
Provision (benefit) for deferred income taxes and other tax accruals 2,200 (1,319) 270
Loss on debt extinguishment 148 0 0
(Income) loss from discontinued operations, net of income taxes 0 48 (682)
Changes in operating assets and liabilities      
(Increase) decrease in accounts receivable 96 841 (199)
(Increase) decrease in inventories 77 29 62
Increase (decrease) in accounts payable and accrued liabilities (87) (424) 79
Increase (decrease) in taxes payable 9 (222) (108)
Changes in other operating assets and liabilities (142) (164) (372)
Cash provided by (used in) operating activities - continuing operations 795 2,016 4,504
Cash provided by (used in) operating activities - discontinued operations 0 (35) (47)
Net cash provided by (used in) operating activities 795 1,981 4,457
Cash Flows From Investing Activities      
Additions to property, plant and equipment - E&P (1,979) (3,956) (4,867)
Additions to property, plant and equipment - Bakken Midstream (272) (365) (347)
Proceeds from asset sales 140 50 2,978
Other, net 21 (44) (192)
Cash provided by (used in) investing activities - continuing operations (2,090) (4,315) (2,428)
Cash provided by (used in) investing activities - discontinued operations 0 109 2,436
Net cash provided by (used in) investing activities (2,090) (4,206) 8
Cash Flows From Financing Activities      
Net borrowings (repayments) of debt with maturities of 90 days or less 43 110 0
Debt with maturities of greater than 90 days – Borrowings 1,496 600 598
Debt with maturities of greater than 90 days – Repayments (1,455) (67) (590)
Proceeds from issuance of preferred stock 557 0 0
Proceeds from issuance of common stock 1,087 0 0
Common stock acquired and retired 0 (142) (3,715)
Cash dividends paid (350) (287) (303)
Employee stock options exercised, including income tax benefits 12 12 182
Noncontrolling interests, net (23) 2,296 0
Other, net (56) (25) 0
Cash provided by (used in) financing activities - continuing operations 1,311 2,497 (3,828)
Cash provided by (used in) financing activities - discontinued operations 0 0 (7)
Net cash provided by (used in) financing activities 1,311 2,497 (3,835)
Net Increase (Decrease) in Cash and Cash Equivalents 16 272 630
Cash and Cash Equivalents at Beginning of Year 2,716 2,444 1,814
Cash and Cash Equivalents at End of Year $ 2,732 $ 2,716 $ 2,444