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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
CASH FLOW FROM OPERATING ACTIVITIES      
Net income (loss) $ (7,829) $ 630 $ 5,903
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Income from discontinued operations (317) (760) (971)
Depreciation, depletion and amortization of assets 4,544 4,261 4,203
Deferred income tax provision (benefit) (1,372) (1,178) 914
Other noncash charges to income 159 101 261
Asset impairments and related items 9,684 7,379 621
Gain on sale of equity investments and other assets (101) (2,505) (1,175)
Undistributed earnings from equity investments 6 38 (3)
Dry hole expenses 10 99 70
Changes in operating assets and liabilities:      
Decrease (increase) in receivables 1,431 1,413 (747)
Decrease (increase) in inventories (24) (112) 79
Decrease in other current assets 33 89 58
(Decrease) increase in accounts payable and accrued liabilities (1,989) (530) 265
(Decrease) increase in current domestic and foreign income taxes (331) (54) 369
Other operating, net (650)   382
Operating cash flow from continuing operations 3,254 8,871 10,229
Operating cash flow from discontinued operations 97 2,197 2,549
Net cash provided by operating activities 3,351 11,068 12,778
CASH FLOW FROM INVESTING ACTIVITIES      
Capital expenditures (5,272) (8,930) (7,357)
Change in capital accrual (592) 542 149
Proceeds from sale of assets and equity investments, net 819 4,177 1,619
Purchase of businesses and other assets, net (109) (1,687) (606)
Other, net (269) (346) (122)
Investing cash flow from continuing operations (5,423) (6,244) (6,317)
Investing cash flow from discontinued operations   (2,226) (1,727)
Net cash used by investing activities (5,423) (8,470) (8,044)
CASH FLOW FROM FINANCING ACTIVITIES      
Change in restricted cash (2,826) 4,019  
Proceeds from long-term debt 1,478    
Payment of long-term debt   (107) (690)
Special cash distributions from California Resources Corporation   6,100  
Proceeds from issuance of common stock 37 33 30
Purchases of treasury stock (593) (2,500) (943)
Cash dividends paid (2,264) (2,210) (1,553)
Contributions from noncontrolling interest   375 214
Other, net   2 9
Financing cash flow from continuing operations 1,484 (2,326) (2,933)
Financing cash flow from discontinued operations   124  
Net cash provided (used) by financing activities 1,484 (2,202) (2,933)
Decrease in cash and cash equivalents (588) 396 1,801
Cash and cash equivalents-beginning of period 3,789 3,393 1,592
Cash and cash equivalents-end of period $ 3,201 $ 3,789 $ 3,393