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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Operating activities:    
Net income (loss) $ (577) $ (662)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Deferred income taxes (392) (185)
Depreciation, depletion and amortization 1,170 1,572
Impairments 1 44
Net (gain) loss on derivative instruments 88 17
Net cash received (paid) in settlement of derivative instruments 46 4
Pension and other postretirement benefits, net 14 14
Exploratory dry well costs and unproved property impairments 166 148
Net (gain) loss on disposal of assets (234) (1)
Equity method investments, net 22 37
Changes in:    
Current receivables, changes in 88 534
Inventories, changes in 30 21
Current accounts payable and accrued liabilities, changes in (211) (770)
All other operating, net 41 (56)
Net cash provided by operating activities 252 717
Investing activities:    
Additions to property, plant and equipment (753) (2,320)
Disposal of assets 758 2
Investments - return of capital 37 31
Purchases of short-term investments 0 925
Deposit for acquisition 89 0
All other investing, net 2 (1)
Net cash used in investing activities (45) (3,213)
Financing activities:    
Borrowings 0 1,996
Debt issuance costs 0 19
Debt repayments 0 34
Common stock issuance 1,236 0
Dividends paid (77) (285)
All other financing, net 0 11
Net cash provided by (used in) financing activities 1,159 1,669
Effect of Exchange Rate on Cash and Cash Equivalents, Continuing Operations (3) 1
Net increase (decrease) in cash and cash equivalents 1,363 (826)
Cash and cash equivalents at beginning of period 1,221 2,398
Cash and cash equivalents at end of period $ 2,584 $ 1,572