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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
CASH FLOW FROM OPERATING ACTIVITIES      
Net income (loss) $ 1,311 $ (574) $ (7,829)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Income from discontinued operations   (428) (317)
Depreciation, depletion and amortization of assets 4,002 4,268 4,544
Deferred income tax benefit (719) (517) (1,372)
Other noncash charges to income 222 121 159
Asset impairments and related items 545 665 9,684
Gain on sale of equity investments and other assets (667) (202) (101)
Undistributed earnings from equity investments (68) 3 6
Dry hole expenses 51 33 10
Changes in operating assets and liabilities:      
Decrease (increase) in receivables (158) (1,091) 1,431
Decrease (increase) in inventories (349) 17 (24)
Decrease in other current assets 39 65 33
(Decrease) increase in accounts payable and accrued liabilities 43 603 (1,989)
(Decrease) increase in current domestic and foreign income taxes 64 17 (331)
Other operating, net 680 (461) (650)
Operating cash flow from continuing operations 4,996 2,519 3,254
Operating cash flow from discontinued operations, net of taxes   864 97
Net cash provided by operating activities 4,996 3,383 3,351
CASH FLOW FROM INVESTING ACTIVITIES      
Capital expenditures (3,599) (2,717) (5,272)
Change in capital accrual 122 (114) (592)
Payments for purchases of assets and businesses (1,064) (2,044) (109)
Sales of equity investments and assets, net 1,403 302 819
Other, net (76) (169) (269)
Net cash used by investing activities (3,214) (4,742) (5,423)
CASH FLOW FROM FINANCING ACTIVITIES      
Proceeds from long-term debt   4,203 1,478
Payments of long-term debt   (2,710)  
Change in restricted cash   1,193 2,826
Proceeds from issuance of common stock 28 36 37
Purchases of treasury stock (25) (22) (593)
Cash dividends paid (2,346) (2,309) (2,264)
Net cash provided (used) by financing activities (2,343) 391 1,484
Decrease in cash and cash equivalents (561) (968) (588)
Cash and cash equivalents - beginning of year 2,233 3,201 3,789
Cash and cash equivalents - end of year $ 1,672 $ 2,233 $ 3,201