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Consolidated Statements of Cash Flows (unaudited) (USD $)
In Millions, unless otherwise specified
3 Months Ended
Mar. 31, 2012
Mar. 31, 2011
Cash Flows From Operating Activities    
Net Income $ 263 $ 14
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities    
Depreciation, Depletion and Amortization 312 221
Dry Hole Cost 1 22
Deferred Income Taxes 32 11
Dividends (Income) from Equity Method Investees, Net (29) (23)
Unrealized (Gain) Loss on Commodity Derivative Instruments 73 303
Other Adjustments for Noncash Items Included in Income 30 36
Changes in Operating Assets and Liabilities    
(Increase) in Accounts Receivable (135) (9)
(Increase) in Other Current Assets (5) (17)
Increase in Accounts Payable 190 28
Increase (Decrease) in Current Income Taxes Payable 5 (71)
(Decrease) in Other Current Liabilities (26) (54)
Other Operating Assets and Liabilities, Net 30 23
Net Cash Provided by Operating Activities 741 484
Cash Flows From Investing Activities    
Additions to Property, Plant and Equipment (1,018) (578)
Additions to Equity Method Investments (14) 0
Proceeds from Divestitures 0 3
Net Cash Used in Investing Activities (1,032) (575)
Cash Flows From Financing Activities    
Exercise of Stock Options 27 23
Excess Tax Benefits from Stock-Based Awards 12 8
Dividends Paid, Common Stock (39) (32)
Purchase of Treasury Stock (13) (16)
Proceeds from Credit Facilities 0 120
Repayment of Credit Facilities 0 (470)
Proceeds from Issuance of Senior Long-Term Debt, Net 0 836
Settlement of Interest Rate Derivative Instrument 0 (40)
Repayment of Capital Lease Obligation (8) 0
Net Cash Provided By (Used In) Financing Activities (21) 429
Increase (Decrease) in Cash and Cash Equivalents (312) 338
Cash and Cash Equivalents at Beginning of Period 1,455 1,081
Cash and Cash Equivalents at End of Period $ 1,143 $ 1,419