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CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
CASH FLOW FROM OPERATING ACTIVITIES    
Net income $ 1,556 $ 624
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, depletion and amortization of assets 1,868 1,931
Deferred income tax (benefit) provision 171 (24)
Other noncash charges to income 96 167
Gain on sale of assets, net (43) (512)
Asset impairments and related items 42 13
Net distributions from equity investments (20) (127)
Dry hole expenses 15 7
Changes in operating assets and liabilities, net (920) (454)
Other operating, net   729
Net cash provided by operating activities 2,765 2,354
CASH FLOW FROM INVESTING ACTIVITIES    
Capital expenditures (2,319) (1,492)
Change in capital accrual (6) (35)
Payments for purchases of assets and businesses (242) (377)
Sale of assets, net 330 609
Other investing, net (49) 84
Net cash used by investing activities (2,286) (1,211)
CASH FLOW FROM FINANCING ACTIVITIES    
Proceeds from long-term debt, net 978  
Payments of long-term debt (500)  
Proceeds from issuance of common stock 13 16
Purchases of treasury stock (97) (6)
Cash dividends paid (1,185) (1,168)
Other financing, net 2  
Net cash used by financing activities (789) (1,158)
Decrease in cash and cash equivalents (310) (15)
Cash and cash equivalents - beginning of period 1,672 2,233
Cash and cash equivalents - end of period $ 1,362 $ 2,218