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CONSOLIDATED STATEMENT OF CASH FLOWS (Unaudited) - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Operating Activities    
Net Income (Loss) $ 9,512 $ 11,137
Adjustments    
Depreciation, depletion and amortization 12,789 14,167
Dry hole expense 137 596
Distributions less than income from equity affiliates (1,897) (2,526)
Net before-tax loss (gain) on asset retirements and sales (106) (560)
Net foreign currency effects 54 330
Deferred income tax provision 986 806
Net decrease (increase) in operating working capital 1,126 (1,882)
Decrease (increase) in long-term receivables 426 363
Net decrease (increase) in other deferred charges (144) (60)
Cash contributions to employee pension plans (1,204) (941)
Other (22) 37
Net Cash Provided by Operating Activities 21,657 21,467
Investing Activities    
Capital expenditures (9,906) (9,801)
Proceeds and deposits related to asset sales and returns of investment 1,088 2,116
Net maturities of (investments in) time deposits 950 0
Net sales (purchases) of marketable securities 2 (51)
Net repayment (borrowing) of loans by equity affiliates (970) 78
Net Cash Used for Investing Activities (8,836) (7,658)
Financing Activities    
Net borrowings (repayments) of short-term obligations 1,973 2,199
Proceeds from issuance of long-term debt 0 217
Repayments of long-term debt and other financing obligations (3,868) (5,227)
Cash dividends — common stock (6,731) (6,382)
Distributions to noncontrolling interests (16) (87)
Net sales (purchases) of treasury shares (1,845) 337
Net Cash Used for Financing Activities (10,487) (8,943)
Effect of Exchange Rate Changes on Cash, Cash Equivalents and Restricted Cash 5 (68)
Net Change in Cash, Cash Equivalents and Restricted Cash 2,339 4,798
Cash, Cash Equivalents and Restricted Cash at January 1 10,481 5,943
Cash, Cash Equivalents and Restricted Cash at September 30 $ 12,820 $ 10,741