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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Cash Flows From Operating Activities    
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest $ 47 $ (287)
Adjustments to Reconcile Net Income (Loss) to Net Cash Provided by Operating Activities    
Depreciation, Depletion and Amortization 528 617
Results of Operations, Dry Hole Costs 0 93
Gain on Extinguishment of Debt 0 (80) [1]
Deferred Income Tax Benefit 0 (186)
Gain on Commodity Derivative Instruments (110) (44)
Net Cash Received in Settlement of Commodity Derivative Instruments 3 178
Other Adjustments for Noncash Items Included in Income 20 96
Changes in Operating Assets and Liabilities    
Decrease (Increase) in Accounts Receivable 59 (38)
Increase (Decrease) in Accounts Payable 45 (24)
(Decrease) in Current Income Taxes Payable (23) (16)
Other Current Assets and Liabilities, Net (35) (64)
Other Operating Assets and Liabilities, Net 2 6
Net Cash Provided by Operating Activities 536 251
Cash Flows From Investing Activities    
Additions to Property, Plant and Equipment (587) (496)
Asset Acquisition (316) 0
Proceeds from Divestitures and Other 40 232
Net Cash Used in Investing Activities (863) (264)
Cash Flows From Financing Activities    
Dividends Paid, Common Stock (44) (41)
Proceeds from Term Loan Facility 0 1,400
Repayment of Senior Notes 0 (1,383)
Other (22) (38)
Net Cash Used in Financing Activities (66) (62)
Decrease in Cash and Cash Equivalents (393) (75)
Cash and Cash Equivalents at Beginning of Period 1,180 1,028
Cash and Cash Equivalents at End of Period $ 787 $ 953
[1] .