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Consolidated Statements of Cash Flows (unaudited) (USD $)
In Millions, unless otherwise specified
6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Cash Flows From Operating Activities    
Net Income $ 392 $ 639
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities    
Depreciation, Depletion and Amortization 837 736
Asset Impairments 131 0
Dry Hole Cost 2 23
Deferred Income Taxes 24 108
Income from Equity Method Investees, Net of Dividends (3) (18)
(Gain) Loss on Commodity Derivative Instruments 311 (89)
Net Cash Received (Paid) in Settlement of Commodity Derivative Instruments (83) 9
Gain on Divestitures (42) (67)
Stock Based Compensation 45 38
Other Adjustments for Noncash Items Included in Income 38 33
Changes in Operating Assets and Liabilities    
(Increase) Decrease in Accounts Receivable 55 (193)
Increase in Accounts Payable 126 131
Decrease in Current Income Taxes Payable (86) (81)
Increase (Decrease) in Other Current Liabilities 25 (33)
Other Operating Assets and Liabilities, Net (15) 8
Net Cash Provided by Operating Activities 1,757 1,244
Cash Flows From Investing Activities    
Additions to Property, Plant and Equipment (2,321) (1,929)
Additions to Equity Method Investments (40) (23)
Proceeds from Divestitures 146 114
Other 0 3
Net Cash Used in Investing Activities (2,215) (1,835)
Cash Flows From Financing Activities    
Exercise of Stock Options 41 31
Excess Tax Benefits from Stock-Based Awards 17 12
Dividends Paid, Common Stock (116) (96)
Purchase of Treasury Stock (15) (14)
Proceeds from Credit Facilities 600 0
Repayment of Credit Facilities (200) 0
Repayment of Capital Lease Obligation (28) (23)
Net Cash Provided by (Used in) Financing Activities 299 (90)
Decrease in Cash and Cash Equivalents (159) (681)
Cash and Cash Equivalents at Beginning of Period 1,117 1,387
Cash and Cash Equivalents at End of Period $ 958 $ 706