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Consolidated Statements of Cash Flows (USD $)
In Millions, unless otherwise specified
6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Net cash provided by continuing operatons:    
Net income $ 810 $ 1,992
Adjustments to reconcile net income to net cash provided by operating activities:    
Discontinued operations   (1,239)
Loss on early extinguishment of debt   279
Deferred income taxes 75 (51)
Depreciation, depletion and amortization 1,154 1,199
Impairments 263 307
Pension and other postretirement benefits, net (22) 22
Exploratory dry well costs and unproved property impairments 174 264
Net gain on disposal of assets (138) (50)
Equity method investments, net 7 (21)
Changes in operating capital:    
Changes in current receivables (107) 78
Changes in inventories (18) 46
Changes in current accounts payable and accrued liabilities (450) 372
All other operating, net (6) 122
Net cash provided by continuing operations 1,742 3,320
Net cash provided by discontinued operations   1,090
Net cash provided by operating activities 1,742 4,410
Investing activities:    
Additions to property, plant and equipment (2,181) (1,702)
Disposal of assets 218 371
Investments - return of capital 21 36
Investing activities of discontinued operations 0 (493)
Property deposit   (100)
All other investing, net (59) 15
Net cash used in investing activities (2,001) (1,873)
Financing activities:    
Commercial paper, net 550  
Debt issuance costs (9)  
Debt repayments (111) (2,843)
Dividends paid (240) (356)
Financing activities of discontinued operations   2,916
Distribution in spin-off   (1,622)
All other financing, net 20 126
Net cash provided by (used in) financing activities 210 (1,779)
Effect of exchange rate changes on cash:    
Effect of exchange rate changes on cash 8 2
Net increase (decrease) in cash and cash equivalents (41) 760
Cash and cash equivalents at beginning of period 493 3,951
Cash and cash equivalents at end of period $ 452 $ 4,711