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Consolidated Statement of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Operating Activities      
Net Income (Loss) $ 14,860 $ 9,269 $ (431)
Adjustments      
Depreciation, depletion and amortization 19,419 19,349 19,457
Dry hole expense 687 198 489
Distributions less than income from equity affiliates [1] (3,580) (2,380) (1,549)
Net before-tax gains on asset retirements and sales (619) (2,195) (1,149)
Net foreign currency effects 123 131 186
Deferred income tax provision 1,050 (3,203) (3,835)
Net decrease (increase) in operating working capital [2] (718) 520 (327)
Decrease (increase) in long-term receivables 418 (368) (131)
Net decrease (increase) in other deferred charges [2] 0 (254) 178
Cash contributions to employee pension plans (1,035) (980) (870)
Other 13 251 672
Net Cash Provided by Operating Activities [1],[2] 30,618 20,338 12,690
Investing Activities      
Capital expenditures (13,792) (13,404) (18,109)
Proceeds and deposits related to asset sales and returns of investment [1],[2] 2,392 5,096 3,476
Net maturities of (investments in) time deposits (950) 0 0
Net sales (purchases) of marketable securities (51) 4 297
Net repayment (borrowing) of loans by equity affiliates 111 (16) (2,034)
Net Cash Used for Investing Activities [1],[2] (12,290) (8,320) (16,370)
Financing Activities      
Net borrowings (repayments) of short-term obligations 2,021 (5,142) 2,130
Proceeds from issuances of long-term debt 218 3,991 6,924
Repayments of long-term debt and other financing obligations (6,741) (6,310) (1,584)
Cash dividends - common stock (8,502) (8,132) (8,032)
Distributions to noncontrolling interests (91) (78) (63)
Net sales (purchases) of treasury shares (604) 1,117 650
Net Cash Provided by (Used for) Financing Activities (13,699) (14,554) 25
Effect of Exchange Rate Changes on Cash, Cash Equivalents and Restricted Cash (91) 65 (53)
Net Change in Cash, Cash Equivalents and Restricted Cash 4,538 (2,471) (3,708)
Cash, Cash Equivalents and Restricted Cash at January 1 5,943 8,414 12,122
Cash, Cash Equivalents and Restricted Cash at December 31 $ 10,481 $ 5,943 $ 8,414
[1] 2017 and 2016 adjusted to conform to ASU 2016-15. Refer to Note 3, "Information Relating to the Consolidated Statement of Cash Flows" beginning on page 59.
[2] 2017 and 2016 adjusted to conform to ASU 2016-18. Refer to Note 3, "Information Relating to the Consolidated Statement of Cash Flows" beginning on page 59.