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Consolidated Statements of Cash Flows (unaudited) (USD $)
In Millions, unless otherwise specified
6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Cash Flows From Operating Activities    
Net Income $ 639 $ 556
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities    
Depreciation, Depletion and Amortization 736 651
Asset Impairments 0 73 [1]
Dry Hole Cost 23 118
Deferred Income Taxes 108 92
Dividends (Income) from Equity Method Investees, Net (18) (7)
Unrealized Gain on Commodity Derivative Instruments (80) (204)
Gain on Divestitures (67) (9)
Stock Based Compensation 38 33
Other Adjustments for Noncash Items Included in Income 33 8
Changes in Operating Assets and Liabilities    
Increase in Accounts Receivable (193) (58)
Decrease (Increase) in Other Current Assets 4 (49)
Increase in Accounts Payable 131 84
Decrease in Current Income Taxes Payable (81) (13)
Increase (Decrease) in Other Current Liabilities (37) 14
Decrease (Increase) in Other Operating Assets and Liabilities, Net 8 (42)
Net Cash Provided by Operating Activities 1,244 1,247
Cash Flows From Investing Activities    
Additions to Property, Plant and Equipment (1,929) (1,900)
Additions to Equity Method Investments (23) (35)
Proceeds from Divestitures 114 10
Other 3 0
Net Cash Used in Investing Activities (1,835) (1,925)
Cash Flows From Financing Activities    
Exercise of Stock Options 31 26
Excess Tax Benefits from Stock-Based Awards 12 13
Dividends Paid, Common Stock (96) (79)
Purchase of Treasury Stock (14) (13)
Repayment of Capital Lease Obligation (23) (22)
Net Cash Used In Financing Activities (90) (75)
Decrease in Cash and Cash Equivalents (681) (753)
Cash and Cash Equivalents at Beginning of Period 1,387 1,455
Cash and Cash Equivalents at End of Period $ 706 $ 702
[1] Amounts for 2012 related primarily to our South Raton development in the deepwater Gulf of Mexico and our Piceance development, onshore US. The assets were written down to their estimated fair values, which were determined using discounted cash flow models.