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CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
CASH FLOW FROM OPERATING ACTIVITIES    
Net income (loss) $ 624 $ (61)
Adjustments to reconcile income (loss) to net cash provided by operating activities:    
Discontinued operations, net   (435)
Depreciation, depletion and amortization of assets 1,931 2,172
Deferred income tax provision (benefit) (24) 76
Other noncash charges to income 43 37
Gain on sale of assets, net (512) (138)
Asset impairments and related items 13 78
Dry hole expenses 7 28
Changes in operating assets and liabilities, net (306) (511)
Other operating, net 729 (304)
Operating cash flow from continuing operations 2,505 942
Operating cash flow from discontinued operations   876
Net cash provided by operating activities 2,505 1,818
CASH FLOW FROM INVESTING ACTIVITIES    
Capital expenditures (1,492) (1,247)
Change in capital accrual (35) (209)
Payments for purchases of assets and businesses (377) (34)
Proceeds from sale of assets 609 260
Equity investments and other, net (67) (104)
Net cash used by investing activities (1,362) (1,334)
CASH FLOW FROM FINANCING ACTIVITIES    
Change in restricted cash   1,193
Proceeds from long-term debt, net   2,718
Payment of long-term debt, net   (2,710)
Proceeds from issuance of common stock 16 29
Purchases of treasury stock (6) (15)
Cash dividends paid (1,168) (1,149)
Net cash provided (used) by financing activities (1,158) 66
Increase (decrease) in cash and cash equivalents (15) 550
Cash and cash equivalents - beginning of period 2,233 3,201
Cash and cash equivalents - end of period $ 2,218 $ 3,751