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CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
CASH FLOW FROM OPERATING ACTIVITIES    
Net income $ 514 $ 3,425
Adjustments to reconcile net income to net cash provided by operating activities:    
Discontinued operations, net 15 0
Depreciation, depletion and amortization of assets 3,710 2,891
Deferred income tax (benefit) provision (1,050) 550
Other noncash charges to income 578 74
Gain on sale of assets, net (150) (969)
Asset impairments and other items 325 256
Undistributed earnings from affiliates (50) (16)
Dry hole expenses 41 27
Changes in operating assets and liabilities, net 1,506 (1,069)
Cash provided by operating activities - continuing operations 5,439 5,169
Cash used by operating activities - discontinued operations (73) 0
Net cash provided by operating activities 5,366 5,169
CASH FLOW FROM INVESTING ACTIVITIES    
Capital expenditures (4,184) (3,638)
Change in capital accrual (160) 7
Proceeds from sale of assets and equity investments, net 4,809 2,745
Purchase of businesses and assets, net (27,926) (726)
Equity investments and other, net (140) (88)
Cash used by investing activities - continuing operations (27,601) (1,700)
Cash used by investing activities - discontinued operations (125) 0
Net cash used by investing activities (27,726) (1,700)
CASH FLOW FROM FINANCING ACTIVITIES    
Proceeds from long-term debt, net 21,557 978
Payments of long-term debt (4,949) (500)
Proceeds from WES revolvers 1,240 0
Payment of revolvers - WES (1,000) 0
Proceeds from issuance of common and preferred stock 10,010 17
Purchases of treasury stock (237) (908)
Cash dividends paid to common stockholders (1,766) (1,780)
Distributions to noncontrolling interest (127) 0
Other financing, net (35) 6
Cash provided (used) by financing activities - continuing operations 24,693 (2,187)
Cash used by financing activities - discontinued operations (1) 0
Net cash provided by (used) by financing activities 24,692 (2,187)
Increase in cash, cash equivalents, restricted cash and restricted cash equivalents 2,332 1,282
Cash and cash equivalents — beginning of period 3,033 1,672
Cash, cash equivalents, restricted cash and restricted cash equivalents — end of period $ 5,365 $ 2,954