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Statement of Consolidated Cash Flows (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss including noncontrolling interest $ (371) $ (1,306)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Loss from discontinued operations 0 238
Loss on divestitures 1 18
Exploratory dry hole expense and unproved leasehold impairments 71 203
Depreciation, depletion, and amortization 678 826
Asset retirement obligation accretion 38 36
Impairments 0 1,912
Provision (benefit) from deferred income taxes (1) (1,149)
Other 55 (3)
Changes in operating assets and liabilities:    
Receivables 135 247
Inventories 10 22
Drilling advances (17) (169)
Deferred charges and other (117) (60)
Accounts payable (75) (190)
Accrued expenses (141) (193)
Deferred credits and noncurrent liabilities (27) 77
NET CASH PROVIDED BY CONTINUING OPERATING ACTIVITIES 239 509
NET CASH PROVIDED BY DISCONTINUED OPERATIONS 0 60
NET CASH PROVIDED BY OPERATING ACTIVITIES 239 569
CASH FLOWS FROM INVESTING ACTIVITIES:    
Additions to oil and gas property (546) (1,517)
Leasehold and property acquisitions (19) (91)
Additions to gas gathering, transmission, and processing facilities 0 (63)
Other, net 10 (72)
NET CASH USED IN CONTINUING INVESTING ACTIVITIES (555) (1,743)
NET CASH USED IN DISCONTINUED OPERATIONS 0 (252)
NET CASH USED IN INVESTING ACTIVITIES (555) (1,995)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Commercial paper and bank credit facilities, net 0 1,028
Distributions to noncontrolling interest (54) (21)
Dividends paid (95) (94)
Other 2 15
NET CASH PROVIDED BY (USED IN) CONTINUING FINANCING ACTIVITIES   928
NET CASH PROVIDED BY DISCONTINUED OPERATIONS   0
NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES (147) 928
NET DECREASE IN CASH AND CASH EQUIVALENTS (463) (498)
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR 1,467 679
CASH AND CASH EQUIVALENTS AT END OF PERIOD 1,004 181
SUPPLEMENTARY CASH FLOW DATA:    
Interest paid, net of capitalized interest 141 141
Income taxes paid, net of refunds $ 84 $ 142