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Consolidated Statements of Cash Flows (USD $)
In Thousands
9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Cash Flows from Operating Activities  
Net Income$ 970,425$ 106,981
Items Not Requiring (Providing) Cash  
Depreciation, Depletion and Amortization1,822,8541,398,137
Impairments531,413502,865
Stock-Based Compensation Expenses95,05781,700
Deferred Income Taxes499,27953,067
Gains on Asset Dispositions, Net(442,981)(72,441)
Other, Net2,270(2,317)
Dry Hole Costs47,23145,095
Mark-to-Market Commodity Derivative Contracts  
Total Gains480,539105,816
Realized Gains83,76525,180
Other, Net21,05213,354
Changes in Components of Working Capital and Other Assets and Liabilities  
Accounts Receivable(128,965)(124,813)
Inventories(167,611)(134,181)
Accounts Payable245,385527,418
Accrued Taxes Payable101,239(40,104)
Other Assets(28,600)(16,051)
Other Liabilities37,02244,348
Changes in Components of Working Capital Associated with Investing and Financing Activities133,227(216,695)
Net Cash Provided by Operating Activities3,341,5232,085,727
Investing Cash Flows  
Additions to Oil and Gas Properties(4,665,535)(3,740,883)
Additions to Other Property, Plant and Equipment(502,112)(223,072)
Proceeds from Sales of Assets1,294,627126,371
Changes in Components of Working Capital Associated with Investing Activities(133,512)216,546
Other, Net04,206
Net Cash Used in Investing Activities(4,006,532)(3,625,244)
Financing Cash Flows  
Common Stock Sold1,388,2700
Net Commercial Paper Borrowings033,700
Long-Term Debt Borrowings0991,395
Long-Term Debt Repayments0(37,000)
Dividends Paid(124,133)(114,277)
Treasury Stock Purchased(21,357)(10,298)
Proceeds from Stock Options Exercised and Employee Stock Purchase Plan26,88724,527
Debt Issuance Costs0(6,469)
Other, Net285149
Net Cash Provided by Financing Activities1,269,952881,727
Effect of Exchange Rate Changes on Cash(7,068)(129)
Increase (Decrease) in Cash and Cash Equivalents597,875(657,919)
Cash and Cash Equivalents at Beginning of Period788,853685,751
Cash and Cash Equivalents at End of Period$ 1,386,728$ 27,832