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CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
CASH FLOW FROM OPERATING ACTIVITIES    
Net income (loss) $ (42) $ 2,826
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Discontinued operations, net 7 (528)
Depreciation, depletion and amortization of assets 2,145 2,001
Deferred income tax provision (benefit) 139 (57)
Other noncash charges to income 145 143
Asset impairments and related items 236 471
Undistributed earnings from equity investments 3 33
Loss (gain) on sale of assets, net 5 (525)
Dry hole expenses (954) (48)
Changes in operating assets and liabilities, net (307)  
Operating cash flow from continuing operations 1,377 4,316
Operating cash flow from discontinued operations (11) 1,248
Net cash provided by operating activities 1,366 5,564
CASH FLOW FROM INVESTING ACTIVITIES    
Capital expenditures (3,065) (3,924)
Change in capital accrual (585)  
Payments for purchases of assets and businesses (43) (307)
Sale of assets, net 58 1,371
Other, net (254) (186)
Investing cash flow from continuing operations (3,889) (3,046)
Investing cash flow from discontinued operations   (1,042)
Net cash used by investing activities (3,889) (4,088)
CASH FLOW FROM FINANCING ACTIVITIES    
Change in restricted cash 1,637  
Payment of long-term debt   (107)
Proceeds from long-term debt, net 1,478  
Proceeds from issuance of common stock 23 16
Purchases of treasury stock (536) (1,576)
Cash dividends paid (1,113) (1,084)
Contributions from noncontrolling interest   272
Other, net 1 1
Net cash provided (used by) financing activities 1,490 (2,478)
Decrease in cash and cash equivalents (1,033) (1,002)
Cash and cash equivalents-beginning of period 3,789 3,393
Cash and cash equivalents-end of period $ 2,756 $ 2,391