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Consolidated Statements of Cash Flows (unaudited) (USD $)
In Millions, unless otherwise specified
9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Cash Flows From Operating Activities    
Net Income $ 811 $ 843
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities    
Depreciation, Depletion and Amortization 1,297 1,148
Asset Impairments 164 63
Dry Hole Cost 163 22
Deferred Income Taxes 61 168
Income from Equity Method Investees, Net of Dividends 53 (12)
(Gain) Loss on Commodity Derivative Instruments (74) 69
Net Cash Received (Paid) in Settlement of Commodity Derivative Instruments (95) (2)
Gain on Divestitures (72) (67)
Stock Based Compensation 67 59
Other Adjustments for Noncash Items Included in Income 42 63
Changes in Operating Assets and Liabilities    
(Increase) Decrease in Accounts Receivable 166 (260)
Increase in Accounts Payable 103 63
Increase (Decrease) in Current Income Taxes Payable 21 (48)
Increase (Decrease) in Other Current Assets and Liabilities, Net 16 (7)
Other Noncurrent Operating Assets and Liabilities, Net (20) 51
Net Cash Provided by Operating Activities 2,703 2,153
Cash Flows From Investing Activities    
Additions to Property, Plant and Equipment (3,585) (3,021)
Additions to Equity Method Investments (58) (30)
Distribution from Equity Method Investee 156 0
Proceeds from Divestitures 312 119
Other 0 (5)
Net Cash Used in Investing Activities (3,175) (2,937)
Cash Flows From Financing Activities    
Exercise of Stock Options 45 39
Excess Tax Benefits from Stock-Based Awards 18 15
Dividends Paid, Common Stock (182) (146)
Purchase of Treasury Stock (15) (14)
Proceeds from Credit Facilities 900 800
Repayments of Debt 0 (328)
Repayment of Credit Facilities (200) 0
Repayment of Capital Lease Obligation (42) (31)
Net Cash Provided by Financing Activities 524 335
Increase (Decrease) in Cash and Cash Equivalents 52 (449)
Cash and Cash Equivalents at Beginning of Period 1,117 1,387
Cash and Cash Equivalents at End of Period $ 1,169 $ 938