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Statement of Consolidated Cash Flows (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income (loss) including noncontrolling interest $ 267 $ (371)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Loss (gain) on divestitures (341) 1
Exploratory dry hole expense and unproved leasehold impairments 67 71
Depreciation, depletion, and amortization 576 678
Asset retirement obligation accretion 36 38
Impairments 8 0
Deferred income tax provision (benefit) 83 (1)
Other 34 55
Changes in operating assets and liabilities:    
Receivables (41) 135
Inventories 12 10
Drilling advances (12) (17)
Deferred charges and other (10) (117)
Accounts payable (56) (75)
Accrued expenses (175) (141)
Deferred credits and noncurrent liabilities 7 (27)
NET CASH PROVIDED BY OPERATING ACTIVITIES 455 239
CASH FLOWS FROM INVESTING ACTIVITIES:    
Additions to oil and gas property (322) (546)
Leasehold and property acquisitions (49) (19)
Additions to gas gathering, transmission, and processing facilities (142) 0
Proceeds from sale of other oil and gas properties 426 0
Other, net (6) 10
NET CASH USED IN INVESTING ACTIVITIES (93) (555)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Payments on fixed-rate debt (70) 0
Distributions to noncontrolling interest (57) (54)
Dividends paid (95) (95)
Other 4 2
NET CASH USED IN FINANCING ACTIVITIES (218) (147)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 144 (463)
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR 1,377 1,467
CASH AND CASH EQUIVALENTS AT END OF PERIOD 1,521 1,004
SUPPLEMENTARY CASH FLOW DATA:    
Interest paid, net of capitalized interest 140 141
Income taxes paid, net of refunds $ 65 $ 84