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STATEMENT OF CONSOLIDATED CASH FLOWS (USD $)
In Millions, unless otherwise specified
9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 1,333 $ 3,395
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, depletion and amortization 5,701 3,030
Asset retirement obligation accretion 172 114
Provision for deferred income taxes 174 1,065
Other 62 (34)
Changes in operating assets and liabilities:    
Receivables 128 (417)
Inventories 29 (35)
Drilling advances (334) (23)
Deferred charges and other (200) (54)
Accounts payable 168 119
Accrued expenses (814) (38)
Deferred credits and noncurrent liabilities 3 49
NET CASH PROVIDED BY OPERATING ACTIVITIES 6,422 7,171
CASH FLOWS FROM INVESTING ACTIVITIES:    
Additions to oil and gas property (6,387) (4,758)
Additions to gas gathering, transmission and processing facilities (586) (472)
Acquisition of Cordillera Energy Partners III, LLC (2,666)  
Equity investment in Yara Pilbara Holdings Pty Limited (439)  
Acquisitions, other (122) (509)
Proceeds from sale of oil and gas properties 26 202
Other, net (386) (89)
NET CASH USED IN INVESTING ACTIVITIES (10,560) (5,626)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Commercial paper, credit facility and bank notes, net 1,827 (940)
Fixed rate debt borrowings 2,991  
Payments on fixed rate debt (400)  
Dividends paid (246) (230)
Other (11) 77
NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES 4,161 (1,093)
NET INCREASE IN CASH AND CASH EQUIVALENTS 23 452
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR 295 134
CASH AND CASH EQUIVALENTS AT END OF PERIOD 318 586
SUPPLEMENTARY CASH FLOW DATA:    
Interest paid, net of capitalized interest 130 165
Income taxes paid, net of refunds $ 1,876 $ 1,335