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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Millions, unless otherwise specified
3 Months Ended
Mar. 31, 2013
Mar. 31, 2012
Cash Flows from Operating Activities    
Net income (loss) $ 484 $ 2,183
Adjustments to reconcile net income (loss) to net cash provided by operating activities    
Depreciation, depletion, and amortization 1,022 930
Deferred income taxes 162 210
Dry hole expense and impairments of unproved properties 177 149
Impairments 29 50
(Gains) losses on divestitures, net (144) 17
Unrealized (gains) losses on derivatives, net 246 (142)
Other 44 46
Changes in assets and liabilities    
Deepwater Horizon settlement and related costs   30
Algeria exceptional profits tax settlement 450 (1,804)
Tronox-related contingent loss   275
(Increase) decrease in accounts receivable 40 (27)
Increase (decrease) in accounts payable and accrued expenses (125) (258)
Other items - net 118 232
Net cash provided by (used in) operating activities 2,503 1,891
Cash Flows from Investing Activities    
Additions to properties and equipment and dry hole costs (1,710) (1,703)
Acquisition of midstream business (135)  
Divestitures of properties and equipment and other assets 361 47
Other - net (133) (42)
Net cash provided by (used in) investing activities (1,617) (1,698)
Cash Flows from Financing Activities    
Borrowings, net of issuance costs 385 319
Repayments of debt   (171)
Increase (decrease) in accounts payable, banks 86 (19)
Dividends paid (46) (45)
Repurchase of common stock (27) (22)
Issuance of common stock, including tax benefit on stock option exercises 18 35
Sale of subsidiary units (1)  
Distributions to noncontrolling interest owners (33) (25)
Contributions from noncontrolling interest owners 1 5
Net cash provided by (used in) financing activities 383 77
Effect of Exchange Rate Changes on Cash (5) (10)
Net Increase (Decrease) in Cash and Cash Equivalents 1,264 260
Cash and Cash Equivalents at Beginning of Period 2,471 2,697
Cash and Cash Equivalents at End of Period $ 3,735 $ 2,957