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CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
CASH FLOW FROM OPERATING ACTIVITIES    
Net Loss $ (61) $ (42)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Discontinued operations, net (435) 7
Depreciation, depletion and amortization of assets 2,172 2,145
Deferred income tax provision 76 139
Other noncash charges to income 37 145
Asset impairments 78 236
(Gain) loss on sale of assets, net (138) 5
Dry hole expenses 28 3
Changes in operating assets and liabilities, net (511) (954)
Other operating, net (304) (307)
Operating cash flow from continuing operations 942 1,377
Operating cash flow from discontinued operations 876 (11)
Net cash provided by operating activities 1,818 1,366
CASH FLOW FROM INVESTING ACTIVITIES    
Capital expenditures (1,247) (3,065)
Change in capital accrual (209) (585)
Payments for purchases of assets and businesses (34) (43)
Sale of assets, net 260 58
Equity investments and other, net (104) (254)
Net cash used by investing activities (1,334) (3,889)
CASH FLOW FROM FINANCING ACTIVITIES    
Change in restricted cash 1,193 1,637
Proceeds from long-term debt, net 2,718 1,478
Payment of long-term debt, net (2,710)  
Proceeds from issuance of common stock 29 23
Purchases of treasury stock (15) (536)
Cash dividends paid (1,149) (1,113)
Other, net   1
Net cash provided by financing activities 66 1,490
Increase (decrease) in cash and cash equivalents 550 (1,033)
Cash and cash equivalents - beginning of period 3,201 3,789
Cash and cash equivalents - end of period $ 3,751 $ 2,756