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Statement of Consolidated Cash Flows (Unaudited) (USD $)
In Millions
6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 2,393 $ 1,565
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, depletion and amortization 1,965 1,368
Asset retirement obligation accretion 75 49
Provision for deferred income taxes 446 354
Other 3 67
Changes in operating assets and liabilities:    
Receivables (355) (104)
Inventories (97) (7)
Drilling advances 4 22
Deferred charges and other (14) 1
Accounts payable 206 49
Accrued expenses 78 (292)
Deferred credits and noncurrent liabilities 20 13
NET CASH PROVIDED BY OPERATING ACTIVITIES 4,724 3,085
CASH FLOWS FROM INVESTING ACTIVITIES:    
Additions to oil and gas property (3,170) (1,921)
Additions to gas gathering, transmission and processing facilities (269) (257)
Acquisition of Devon properties   (1,017)
Acquisitions, other (78) (16)
Proceeds from sale of oil and gas properties 192  
Other, net (52) (7)
NET CASH USED IN INVESTING ACTIVITIES (3,377) (3,218)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Commercial paper, credit facility and bank notes, net (289) (55)
Dividends paid (153) (101)
Common stock activity 38 21
Treasury stock activity, net 4 3
Other 26 22
NET CASH USED IN FINANCING ACTIVITIES (374) (110)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 973 (243)
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR 134 2,048
CASH AND CASH EQUIVALENTS AT END OF PERIOD 1,107 1,805
SUPPLEMENTARY CASH FLOW DATA:    
Interest paid, net of capitalized interest 72 113
Income taxes paid, net of refunds $ 894 $ 595