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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Millions, unless otherwise specified
6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Cash Flows from Operating Activities    
Net income (loss) $ 1,443 $ 2,113
Adjustments to reconcile net income (loss) to net cash provided by operating activities    
Depreciation, depletion, and amortization 1,962 1,957
Deferred income taxes 563 143
Dry hole expense and impairments of unproved properties 263 1,187
Impairments 39 162
(Gains) losses on divestitures, net (157) 29
Unrealized (gains) losses on derivatives, net (395) 83
Other 121 120
Changes in assets and liabilities    
Deepwater Horizon settlement and related costs 1 24
Algeria exceptional profits tax settlement 698 (1,691)
Tronox-related contingent loss   (250)
(Increase) decrease in accounts receivable 257 351
Increase (decrease) in accounts payable and accrued expenses 221 (486)
Other items—net (11) 148
Net cash provided by (used in) operating activities 5,005 3,890
Cash Flows from Investing Activities    
Additions to properties and equipment and dry hole costs (3,531) (3,553)
Acquisition of midstream business (135)  
Divestitures of properties and equipment and other assets 418 258
Other—net (341) (112)
Net cash provided by (used in) investing activities (3,589) (3,407)
Cash Flows from Financing Activities    
Borrowings, net of issuance costs 495 886
Repayments of debt (245) (1,305)
Increase (decrease) in outstanding checks 145 (39)
Dividends paid (92) (91)
Repurchase of common stock (30) (23)
Issuance of common stock, including tax benefit on stock option exercises 95 38
Sale of subsidiary units 415 212
Distributions to noncontrolling interest owners (68) (52)
Contributions from noncontrolling interest owners 1 11
Net cash provided by (used in) financing activities 716 (363)
Effect of Exchange Rate Changes on Cash (22) (23)
Net Increase (Decrease) in Cash and Cash Equivalents 2,110 97
Cash and Cash Equivalents at Beginning of Period 2,471 2,697
Cash and Cash Equivalents at End of Period $ 4,581 $ 2,794