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STATEMENT OF CONSOLIDATED CASH FLOWS (Unaudited) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income (loss) including noncontrolling interest $ 880 $ (571)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Gain on divestitures (320) (16)
Exploratory dry hole expense and unproved leasehold impairments 152 139
Depreciation, depletion, and amortization 1,148 1,347
Asset retirement obligation accretion 73 76
Impairments 8 173
Deferred income tax benefit (647) (226)
Other 39 91
Changes in operating assets and liabilities:    
Receivables 62 237
Inventories 20 1
Drilling advances (20) (30)
Deferred charges and other (90) (65)
Accounts payable (37) (118)
Accrued expenses (86) (57)
Deferred credits and noncurrent liabilities 24 2
NET CASH PROVIDED BY OPERATING ACTIVITIES 1,206 983
CASH FLOWS FROM INVESTING ACTIVITIES:    
Additions to oil and gas property (883) (925)
Leasehold and property acquisitions (67) (118)
Additions to gas gathering, transmission, and processing facilities (274) 0
Proceeds from sale of Midale and House Mountain 228 0
Proceeds from sale of oil and gas properties 483 48
Other, net (16) 29
NET CASH USED IN INVESTING ACTIVITIES (529) (966)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Payments on fixed-rate debt (70) 0
Distributions to noncontrolling interest (170) (93)
Dividends paid (190) (189)
Other 43 (1)
NET CASH USED IN FINANCING ACTIVITIES (387) (283)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 290 (266)
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR 1,377 1,467
CASH AND CASH EQUIVALENTS AT END OF PERIOD 1,667 1,201
SUPPLEMENTARY CASH FLOW DATA:    
Interest paid, net of capitalized interest 202 206
Income taxes paid, net of refunds $ 163 $ 201