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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
CASH FLOW FROM OPERATING ACTIVITIES      
Net income (loss) $ 4,131 $ 1,311 $ (574)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Income from discontinued operations 0 0 (428)
Depreciation, depletion and amortization of assets 3,977 4,002 4,268
Deferred income tax (benefit) provision 371 (719) (517)
Other noncash charges to income 34 219 116
Asset impairments and related items 561 545 665
Gain on sales of equity investments and other assets, net (974) (667) (202)
Undistributed earnings from equity investments (43) (68) 3
Dry hole expenses 56 51 33
Changes in operating assets and liabilities:      
Increase in receivables (740) (158) (1,091)
Decrease (increase) in inventories (108) (349) 17
Decrease in other current assets 94 39 65
(Decrease) increase in accounts payable and accrued liabilities 195 (89) 609
Increase in current domestic and foreign income taxes 38 64 17
Other operating, net 77 680 (461)
Operating cash flow from continuing operations 7,669 4,861 2,520
Operating cash flow from discontinued operations, net of taxes 0 0 864
Net cash provided by operating activities 7,669 4,861 3,384
CASH FLOW FROM INVESTING ACTIVITIES      
Capital expenditures (4,975) (3,599) (2,717)
Change in capital accrual 55 122 (114)
Payments for purchases of assets and businesses (928) (1,064) (2,044)
Sales of equity investments and assets, net 2,824 1,403 302
Other, net (182) 59 (170)
Net cash used by investing activities (3,206) (3,079) (4,743)
CASH FLOW FROM FINANCING ACTIVITIES      
Proceeds from long-term debt, net 978 0 4,203
Payments of long-term debt (500) 0 (2,710)
Proceeds from issuance of common stock 33 28 36
Purchases of treasury stock (1,248) (25) (22)
Cash dividends paid (2,374) (2,346) (2,309)
Other, net 9 0 0
Net cash used by financing activities (3,102) (2,343) (802)
Increase (decrease) in cash, cash equivalents, and restricted cash 1,361 (561) (2,161)
Cash, cash equivalents, and restricted cash — beginning of year 1,672 2,233 4,394
Cash and cash equivalents — end of year $ 3,033 $ 1,672 $ 2,233