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CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
CASH FLOW FROM OPERATING ACTIVITIES    
Net income (loss) $ (2,013) $ 631
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation, depletion and amortization of assets 2,242 973
Deferred income tax (benefit) provision (218) 10
Other noncash (gains) charges to income (550) 239
Asset impairments and other items 1,768 0
Gain on sales of equity investments and other assets, net (7) (7)
Undistributed losses (income) from affiliates 174 (24)
Dry hole expenses 18 10
Changes in operating assets and liabilities:    
(Increase) decrease in receivables 3,909 (417)
Increase in inventories (70) (221)
Decrease (increase) in other current assets 324 (199)
Decrease in accounts payable and accrued liabilities (4,401) (40)
Increase (decrease) in current domestic and foreign income taxes 48 (7)
Net Cash Provided by (Used in) Operating Activities, Continuing Operations, Total 1,224 948
Cash Provided by (Used in) Operating Activities, Discontinued Operations 115 0
Net Cash Provided by (Used in) Operating Activities, Total 1,339 948
CASH FLOW FROM INVESTING ACTIVITIES    
Capital expenditures (1,293) (1,259)
Change in capital accrual (435) (51)
Purchase of businesses and assets, net (35) (69)
Proceeds from sale of assets and equity investments, net 112 16
Equity investments and other, net 142 (52)
Investing cash flow from continuing operations (1,509) (1,415)
Investing cash flow from discontinued operations, net of taxes (21) 0
Net cash used by investing activities (1,530) (1,415)
CASH FLOW FROM FINANCING ACTIVITIES    
Proceeds from issuance of common stock 90 16
Purchases of treasury stock 0 (237)
Cash dividends paid (913) (591)
Other financing, net (196) (2)
Net cash used by financing activities (1,019) (814)
Decrease in cash, cash equivalents, restricted cash and restricted cash equivalents (1,210) (1,281)
Cash, cash equivalents, restricted cash and restricted cash equivalents — beginning of period 3,574 3,033
Cash, cash equivalents, restricted cash and restricted cash equivalents — end of period $ 2,364 $ 1,752