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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Cash Flows from Operating Activities    
Net income (loss) $ (3,128) $ (2,360)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities    
Depreciation, depletion, and amortization 2,470 2,172
Deferred income taxes (1,187) 188
Dry hole expense and impairments of unproved properties 1,040 609
Impairments 2,813 120
(Gains) losses on divestitures, net 425 (1,468)
Total (gains) losses on derivatives, net (158) 786
Operating portion of net cash received (paid) in settlement of derivative instruments 172 (186)
Other 74 108
Changes in assets and liabilities    
(Increase) decrease in accounts receivable (105) (183)
Increase (decrease) in accounts payable and accrued expenses (199) 21
Other items—net (269) (27)
Net cash provided by (used in) operating activities (3,261) 4,191
Cash Flows from Investing Activities    
Additions to properties and equipment and dry hole costs (3,501) (5,100)
Acquisition of businesses (3) (4)
Divestitures of properties and equipment and other assets 700 3,286
Other—net 19 (282)
Net cash provided by (used in) investing activities (2,785) (2,100)
Cash Flows from Financing Activities    
Borrowings, net of issuance costs 4,787 1,077
Repayments of debt (3,857) (1,255)
Financing portion of net cash received (paid) for derivative instruments (77) (222)
Increase (decrease) in outstanding checks (109) 178
Dividends paid (277) (230)
Repurchase of common stock (37) (35)
Issuance of common stock, including tax benefit on share-based compensation awards 19 73
Distributions to noncontrolling interest owners (135) (102)
Net cash provided by (used in) financing activities 849 (424)
Effect of Exchange Rate Changes on Cash 1 0
Net Increase (Decrease) in Cash and Cash Equivalents (5,196) 1,667
Cash and Cash Equivalents at Beginning of Period 7,369 3,698
Cash and Cash Equivalents at End of Period 2,173 5,365
Deepwater Horizon [Member] | Pending Litigation [Member]    
Changes in assets and liabilities    
Litigation-related contingent costs 1 92
Tronox Litigation [Member] | Judicial Ruling [Member]    
Changes in assets and liabilities    
Litigation-related contingent costs (5,210) 4,319
Subsidiary Equity Transactions [Member]    
Cash Flows from Financing Activities    
Proceeds from equity issuances 187 92
7.50% Tangible Equity Units [Member]    
Cash Flows from Financing Activities    
Borrowings, net of issuance costs 98  
Proceeds from equity issuances $ 348 $ 0