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CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS (USD $)
In Millions
6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
CASH FLOW FROM OPERATING ACTIVITIES    
Net income $ 3,366 $ 2,163
Adjustments to reconcile net income to net cash provided by operating activities:    
Discontinued operations, net (142) 47
Depreciation, depletion and amortization of assets 1,729 1,561
Deferred income tax provision 517 159
Other noncash charges to income 317 266
(Gains) losses on disposition of assets, net (21) 5
Undistributed earnings from equity investments (25) (65)
Dry hole and impairment expense 94 69
Changes in operating assets and liabilities, net (132) 304
Other operating, net (131) (218)
Operating cash flow from continuing operations 5,572 4,291
Operating cash flow from discontinued operations, net of taxes (8) 30
Net cash provided by operating activities 5,564 4,321
CASH FLOW FROM INVESTING ACTIVITIES    
Capital expenditures (2,958) (1,560)
Payments for purchases of assets and businesses (3,905) (664)
Sales of assets, net 45 17
Other, net (43) 34
Investing cash flow from continuing operations (6,861) (2,173)
Investing cash flow from discontinued operations 2,570 (235)
Net cash used by investing activities (4,291) (2,408)
CASH FLOW FROM FINANCING ACTIVITIES    
Repayments of Short-term Debt 500  
Payments of long-term debt (1,523) (299)
Proceeds from issuance of common stock 5 5
Purchases of treasury stock (43) (11)
Excess share-based tax benefits and other 10 7
Distributions to noncontrolling interest (121)  
Cash dividends paid (685) (538)
Net cash used by financing activities (1,857) (836)
(Decrease) increase in cash and cash equivalents (584) 1,077
Cash and cash equivalents-beginning of period 2,578 1,224
Cash and cash equivalents-end of period $ 1,994 $ 2,301