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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Operating activities:    
Net income (loss) $ (662) $ 1,689
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Discontinued operations 0 (931)
Deferred income taxes (185) 173
Depreciation, depletion and amortization 1,572 1,323
Impairments 44 21
Pension and other postretirement benefits, net 14 26
Exploratory dry well costs and unproved property impairments 148 156
Net (gain) loss on disposal of assets (1) 85
Equity method investments, net 37 (10)
Changes in:    
Current receivables, changes in 534 (266)
Inventories, changes in 21 (58)
Current accounts payable and accrued liabilities, changes in (770) (31)
All other operating, net (35) (59)
Net cash provided by continuing operations 717 2,118
Net cash provided by discontinued operations 0 440
Net cash provided by operating activities 717 2,558
Investing activities:    
Additions to property, plant and equipment (2,320) (2,230)
Disposal of assets 2 2,232
Investments - return of capital 31 27
Purchases of short-term investments (925) 0
Investing activities of discontinued operations 0 (233)
All other investing, net (1) 0
Net cash used in investing activities (3,213) (204)
Financing activities:    
Commercial paper, net 0 (135)
Borrowings 1,996 0
Debt issuance costs (19) 0
Debt repayments (34) (34)
Purchases of common stock 0 (1,000)
Dividends paid (285) (260)
All other financing, net 11 86
Net cash used in financing activities 1,669 (1,343)
Effect of Exchange Rate on Cash and Cash Equivalents, Continuing Operations 1 0
Effect of Exchange Rate on Cash and Cash Equivalents, Discontinued Operations 0 (10)
Cash held for sale 0 96
Cash and Cash Equivalents, Period Increase (Decrease) (826) 905
Cash and cash equivalents at beginning of period 2,398 264
Cash and cash equivalents at end of period $ 1,572 $ 1,169