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Consolidated Statement of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
[1]
Cash Flows From Operating Activities    
Net income (loss) $ (1,456) $ 286
Adjustments to reconcile net income (loss) to net cash provided by operating activities    
Depreciation, depletion and amortization 2,247 2,131
Impairments 136 16
Dry hole costs and leasehold impairments 360 311
Accretion on discounted liabilities 109 121
Deferred taxes (827) (637)
Distributions received greater than equity losses 252 80
Gain on dispositions (23) (52)
Other (126) (133)
Working capital adjustments    
Decrease (increase) in accounts and notes receivable 549 1,368
Decrease (increase) in inventories 61 77
Decrease (increase) in prepaid expenses and other current assets 9 234
Increase (decrease) in accounts payable (454) (1,104)
Increase (decrease) in taxes and other accruals (416) (630)
Net Cash Provided by Operating Activities 421 2,068
Cash Flows From Investing Activities    
Capital expenditures and investments (1,821) (3,332)
Working capital changes associated with investing activities (134) (198)
Proceeds from asset dispositions 135 173
Net sales (purchases) of short-term investments (302)  
Collection of advances/loans-related parties 53 52
Other 4 (9)
Net Cash Used in Investing Activities (2,065) (3,314)
Cash Flows From Financing Activities    
Issuance of debt 4,594  
Repayment of debt (64) (57)
Issuance of company common stock (42) (34)
Dividends paid (313) (910)
Other (38) (18)
Net Cash Provided by (Used in) Financing Activities 4,137 (1,019)
Effect of Exchange Rate Changes on Cash and Cash Equivalents 5 (133)
Net Change in Cash and Cash Equivalents 2,498 (2,398)
Cash and cash equivalents at beginning of period 2,368 5,062
Cash and Cash Equivalents at End of Period $ 4,866 $ 2,664
[1] *Certain amounts have been reclassified to conform to current-period presentation. See Note 16–Cash Flow Information, in the Notes to Consolidated Financial Statements.See Notes to Consolidated Financial Statements.