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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Millions, unless otherwise specified
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Cash Flows from Operating Activities      
Net income (loss) $ 2,445 $ (2,568) $ 821
Adjustments to reconcile net income (loss) to net cash provided by operating activities      
Depreciation, depletion, and amortization 3,964 3,830 3,714
Deferred income taxes 164 (1,461) (123)
Dry hole expense and impairments of unproved properties 1,544 625 682
Impairments 389 1,774 216
(Gains) losses on divestitures, net 71 (22) (29)
Unrealized (gains) losses on derivatives, net 377 616 (114)
Other 232 204 308
Changes in assets and liabilities      
Deepwater Horizon settlement and related costs 24 (18)  
Algeria exceptional profits tax settlement (791)    
Tronox-related contingent loss (250) 250 (95)
(Increase) decrease in accounts receivable 520 (993) (172)
Increase (decrease) in accounts payable and accrued expenses (476) 284 (157)
Other items - net 126 (16) 196
Net cash provided by (used in) operating activities 8,339 2,505 5,247
Cash Flows from Investing Activities      
Additions to properties and equipment and dry hole costs (7,242) (5,650) (5,008)
Acquisition of midstream businesses   (802)  
Divestitures of properties and equipment and other assets 657 555 70
Other - net (284) (78) (26)
Net cash provided by (used in) investing activities (6,869) (5,975) (4,964)
Cash Flows from Financing Activities      
Borrowings, net of issuance costs 1,042 3,551 3,198
Repayments of debt (3,044) (1,154) (1,879)
Repayment of midstream subsidiary note payable to a related party     (1,599)
Repayment of capital lease obligation   (108)  
Increase (decrease) in accounts payable, banks (69) 149 7
Dividends paid (181) (181) (180)
Repurchase of common stock (37) (41) (42)
Issuance of common stock, including tax benefit on stock option exercises 103 30 107
Sale of subsidiary units 623 328 338
Distributions to noncontrolling interest owners (112) (82) (48)
Contributions from noncontrolling interest owners 16 17  
Other financing activities   1 (24)
Net cash provided by (used in) financing activities (1,659) 2,510 (122)
Effect of Exchange Rate Changes on Cash (37) (23) (12)
Net Increase (Decrease) in Cash and Cash Equivalents (226) (983) 149
Cash and Cash Equivalents at Beginning of Period 2,697 3,680 3,531
Cash and Cash Equivalents at End of Period $ 2,471 $ 2,697 $ 3,680