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STATEMENT OF CONSOLIDATED CASH FLOWS (Unaudited) (USD $)
In Millions, unless otherwise specified
6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
CASH FLOWS FROM OPERATING ACTIVITIES:    
NET INCOME (LOSS) INCLUDING NONCONTROLLING INTEREST $ 947 $ 1,752
Adjustments to reconcile net income to net cash provided by operating activities:    
Loss from discontinued operations 517 63
Depreciation, depletion, and amortization 2,663 2,662
Asset retirement obligation accretion 89 127
Provision for deferred income taxes 203 432
Other 31 (186)
Changes in operating assets and liabilities:    
Receivables 463 122
Inventories (7) (33)
Drilling advances 28 289
Deferred charges and other (114) (149)
Accounts payable (140) 195
Accrued expenses (158) 6
Deferred credits and noncurrent liabilities 28 (4)
NET CASH PROVIDED BY CONTINUING OPERATING ACTIVITIES 4,550 5,276
NET CASH PROVIDED BY DISCONTINUED OPERATIONS 82 104
NET CASH PROVIDED BY OPERATING ACTIVITIES 4,632 5,380
CASH FLOWS FROM INVESTING ACTIVITIES:    
Additions to oil and gas property (4,871) (5,050)
Additions to gas gathering, transmission and processing facilities (721) (491)
Proceeds from sale of Deepwater Gulf of Mexico assets 1,367  
Restricted cash related to divestitures (1,367)  
Proceeds from Kitimat LNG transaction, net 0 405
Proceeds from sale of other oil and gas properties 381  
Acquisitions (5) (148)
Other, net (23) 14
NET CASH PROVIDED BY (USED IN) CONTINUING INVESTING ACTIVITIES (5,239) (5,270)
NET CASH PROVIDED BY (USED IN) DISCONTINUED OPERATIONS 748 (94)
NET CASH USED IN INVESTING ACTIVITIES (4,491) (5,364)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Commercial paper and bank credit facilities, net (1) 945
Payments on fixed rate debt 0 (500)
Distributions to noncontrolling interest (66)  
Dividends paid (176) (183)
Treasury stock activity, net (1,263) (249)
Other 25 3
NET CASH PROVIDED BY (USED IN) CONTINUING FINANCING ACTIVITIES (1,481) 16
NET CASH USED IN DISCONTINUED OPERATIONS (42) (8)
NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES (1,523) 8
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS (1,382) 24
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR 1,906 160
CASH AND CASH EQUIVALENTS AT END OF PERIOD 524 184
SUPPLEMENTARY CASH FLOW DATA:    
Interest paid, net of capitalized interest 62 79
Income taxes paid, net of refunds $ 781 $ 802