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Consolidated Statements of Cash Flows (USD $)
In Millions, unless otherwise specified
9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Operating Activities    
Net income $ 1,502 $ 2,634
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 888 712
Pension and other postretirement benefits, net 3 119
Deferred income taxes 22 425
Net gain on disposal of assets (3) (178)
Equity method investments, net (4) 13
Changes in the fair value of derivative instruments (54) 8
Changes in:    
Current receivables (974) 360
Inventories (1,330) (555)
Current accounts payable and accrued liabilities 2,028 (1,160)
All other, net (28) 71
Net cash provided by operating activities 2,050 2,449
Investing activities:    
Additions to property, plant and equipment (733) (966)
Acquisitions (1,515) (190)
Disposal of assets 12 52
Investments—acquisition, loans and contributions (113) (26)
Investments-redemptions and repayments 76 94
All other, net 22 3
Net cash used in investing activities (2,251) (1,033)
Financing activities:    
Long-term debt—repayments (16) (12)
Debt issuance costs (2) (6)
Issuance of common stock 37 54
Common stock repurchased (2,341) (850)
Dividends paid (358) (291)
Distributions to noncontrolling interests (15) 0
Tax settlement with Marathon Oil Corporation 39 0
All other, net 15 (3)
Net cash used in financing activities (2,641) (1,108)
Net increase (decrease) in cash and cash equivalents (2,842) 308
Cash and cash equivalents at beginning of period 4,860 3,079
Cash and cash equivalents at end of period $ 2,018 $ 3,387