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Statement of Consolidated Cash Flows - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Cash Flows From Operating Activities    
Net income (loss) $ (296) $ (488)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities    
Depreciation, depletion and amortization 737 868
Exploratory dry hole costs 0 85
Exploration lease impairment 7 9
Stock compensation expense 22 25
Provision (benefit) for deferred income taxes and other tax accruals (27) (351)
Changes in operating assets and liabilities    
(Increase) decrease in accounts receivable 115 317
(Increase) decrease in inventories (55) (13)
Increase (decrease) in accounts payable and accrued liabilities (115) (360)
Increase (decrease) in taxes payable 6 (15)
Changes in other operating assets and liabilities (45) (137)
Net cash provided by (used in) operating activities 349 (60)
Cash Flows From Investing Activities    
Additions to property, plant and equipment - E&P (340) (567)
Additions to property, plant and equipment - Midstream (50) (53)
Proceeds from asset sales 100 0
Other, net 0 7
Net cash provided by (used in) investing activities (290) (613)
Cash Flows From Financing Activities    
Net borrowings (repayments) of debt with maturities of 90 days or less 5 5
Debt with maturities of greater than 90 days – Borrowings 0 0
Debt with maturities of greater than 90 days – Repayments (26) (17)
Proceeds from issuance of preferred stock 0 557
Proceeds from issuance of common stock 0 1,087
Cash dividends paid (92) (80)
Other, net 8 (38)
Net cash provided by (used in) financing activities (105) 1,514
Net Increase (Decrease) in Cash and Cash Equivalents (46) 841
Cash and Cash Equivalents at Beginning of Year 2,732 2,716
Cash and Cash Equivalents at End of Period $ 2,686 $ 3,557