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CONSOLIDATED STATEMENT OF CASH FLOWS (Unaudited) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Operating Activities    
Net Income (Loss) $ 6,932 $ 7,081
Adjustments    
Depreciation, depletion and amortization 8,428 8,787
Dry hole expense 123 106
Distributions less than income from equity affiliates (1,287) (1,799)
Net before-tax loss (gain) on asset retirements and sales (97) (52)
Net foreign currency effects 80 25
Deferred income tax provision 394 510
Net decrease (increase) in operating working capital (279) (2,287)
Decrease (increase) in long-term receivables 233 266
Net decrease (increase) in other deferred charges (98) (28)
Cash contributions to employee pension plans (728) (531)
Other 139 (180)
Net Cash Provided by Operating Activities 13,840 11,898
Investing Activities    
Capital expenditures (6,537) (6,223)
Proceeds and deposits related to asset sales and returns of investment 937 789
Net maturities of (investments in) time deposits 950 0
Net sales (purchases) of marketable securities 2 (49)
Net repayment (borrowing) of loans by equity affiliates (620) 52
Net Cash Used for Investing Activities (5,268) (5,431)
Financing Activities    
Net borrowings (repayments) of short-term obligations (189) 4,701
Proceeds from issuance of long-term debt 0 145
Repayments of long-term debt and other financing obligations (3,863) (5,213)
Cash dividends — common stock (4,494) (4,253)
Distributions to noncontrolling interests (8) (55)
Net sales (purchases) of treasury shares (840) 1,008
Net Cash Used for Financing Activities (9,394) (3,667)
Effect of Exchange Rate Changes on Cash, Cash Equivalents and Restricted Cash 32 (45)
Net Change in Cash, Cash Equivalents and Restricted Cash (790) 2,755
Cash, Cash Equivalents and Restricted Cash at January 1 10,481 5,943
Cash, Cash Equivalents and Restricted Cash at June 30 $ 9,691 $ 8,698