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CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS (USD $)
In Millions
9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
CASH FLOW FROM OPERATING ACTIVITIES  
Net income$ 5,137$ 3,376
Adjustments to reconcile net income to net cash provided by operating activities  
Discontinued operations, net(138)59
Depreciation, depletion and amortization of assets2,6532,353
Deferred income tax provision999273
Other noncash charges to income338350
Gains on disposition of assets, net(22)(1)
Undistributed earnings from equity investments(68)(60)
Dry hole and impairment expense109121
Changes in operating assets and liabilities, net(135)327
Other operating, net(219)(182)
Operating cash flow from continuing operations8,6546,616
Operating cash flow from discontinued operations, net of taxes(16)128
Net cash provided by operating activities8,6386,744
CASH FLOW FROM INVESTING ACTIVITIES  
Capital expenditures(4,969)(2,580)
Payments for purchases of assets and businesses(4,070)(1,813)
Sales of assets, net4518
Other, net(64)(17)
Investing cash flow from continuing operations(9,058)(4,392)
Investing cash flow from discontinued operations2,570(315)
Net cash used by investing activities(6,488)(4,707)
CASH FLOW FROM FINANCING ACTIVITIES  
Proceeds from long-term debt2,111 
Payments of long-term debt(1,523)(311)
Proceeds from issuance of common stock477
Purchases of treasury stock(159)(11)
Distributions to noncontrolling interest(121) 
Cash dividends paid(1,060)(848)
Other, net169
Net cash used by financing activities(689)(1,154)
Increase in cash and cash equivalents1,461883
Cash and cash equivalents-beginning of period2,5781,224
Cash and cash equivalents-end of period$ 4,039$ 2,107