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Consolidated Statements of Cash Flows (unaudited) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Cash Flows From Operating Activities    
Net Income (Loss) $ (131) $ 392
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities    
Depreciation, Depletion and Amortization 905 837
Asset Impairments 43 131
Dry Hole Cost 19 2
Deferred Income Tax (Benefit) Expense (312) 24
Income (Loss) from Equity Method Investees, Net of Dividends 4 (3)
(Gain) Loss on Commodity Derivative Instruments (63) 311
Net Cash Received (Paid) in Settlement of Commodity Derivative Instruments 397 (83)
Gain on Divestitures (1) (42)
Stock Based Compensation 38 45
Non-cash Pension Expense 21 0
Other Adjustments for Noncash Items Included in Income 12 38
Changes in Operating Assets and Liabilities    
Decrease in Accounts Receivable 304 55
(Decrease) Increase in Accounts Payable (167) 126
(Decrease) in Current Income Taxes Payable (63) (86)
Other Current Assets and Liabilities, Net (45) 25
Other Operating Assets and Liabilities, Net 5 (15)
Net Cash Provided by Operating Activities 966 1,757
Cash Flows From Investing Activities    
Additions to Property, Plant and Equipment (1,898) (2,321)
Additions to Equity Method Investments (65) (40)
Proceeds from Divestitures 151 146
Net Cash Used in Investing Activities (1,812) (2,215)
Cash Flows From Financing Activities    
Exercise of Stock Options 4 41
Excess Tax Benefits from Stock-Based Awards 0 17
Dividends Paid, Common Stock (134) (116)
Purchase of Treasury Stock (12) (15)
Proceeds from Issuance of Shares of Common Stock to Public, Net of Offering Costs 1,112  
Proceeds from Credit Facility, Net 0 600
Repayment of Senior Notes 0 (200)
Repayment of Capital Lease Obligation (29) (28)
Net Cash Provided by Financing Activities 941 299
Increase (Decrease) in Cash and Cash Equivalents 95 (159)
Cash and Cash Equivalents at Beginning of Period 1,183 1,117
Cash and Cash Equivalents at End of Period $ 1,278 $ 958