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CONSOLIDATED STATEMENT OF CASH FLOWS (Unaudited) - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Operating Activities    
Net Income $ 11,137 $ 6,151
Adjustments    
Depreciation, depletion and amortization 14,167 14,614
Dry hole expense 596 140
Distributions less than income from equity affiliates [1] (2,526) (2,284)
Net before-tax gains on asset retirements and sales (560) (2,139)
Net foreign currency effects 330 145
Deferred income tax provision 806 (464)
Net decrease (increase) in operating working capital [2] (1,882) (548)
Decrease (increase) in long-term receivables 363 (537)
Net decrease (increase) in other deferred charges [2] (60) (82)
Cash contributions to employee pension plans (941) (825)
Other 37 74
Net Cash Provided by Operating Activities [1],[2] 21,467 14,245
Investing Activities    
Capital expenditures (9,801) (9,763)
Proceeds and deposits related to asset sales and returns of investment [1],[2] 2,116 4,765
Net sales (purchases) of marketable securities (51) 0
Net repayment (borrowing) of loans by equity affiliates 78 (36)
Net Cash Used for Investing Activities [1],[2] (7,658) (5,034)
Financing Activities    
Net borrowings (repayments) of short-term obligations 2,199 (7,185)
Proceeds from issuance of long-term debt 217 3,991
Repayments of long-term debt and other financing obligations (5,227) (1,028)
Cash dividends — common stock (6,382) (6,093)
Distributions to noncontrolling interests (87) (66)
Net sales of treasury shares 337 649
Net Cash Used for Financing Activities (8,943) (9,732)
Effect of Exchange Rate Changes on Cash, Cash Equivalents and Restricted Cash [2] (68) 62
Net Change in Cash, Cash Equivalents and Restricted Cash [2] 4,798 (459)
Cash, Cash Equivalents and Restricted Cash at January 1 [2] 5,943 8,414
Cash, Cash Equivalents and Restricted Cash at September 30 [2] $ 10,741 $ 7,955
[1] 2017 adjusted to conform to Accounting Standards Update 2016-15. Refer to Note 4, "Information Relating to the Consolidated Statement of Cash Flows" beginning on page 8.
[2] 2017 adjusted to conform to Accounting Standards Update 2016-18. Refer to Note 4, "Information Relating to the Consolidated Statement of Cash Flows" beginning on page 8.