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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
CASH FLOW FROM OPERATING ACTIVITIES      
Net income (loss) $ (574) $ (7,829) $ 630
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Income from discontinued operations (428) (317) (760)
Depreciation, depletion and amortization of assets 4,268 4,544 4,261
Deferred income tax benefit (517) (1,372) (1,178)
Other noncash charges to income 121 159 101
Asset impairments and related items 665 9,684 7,379
Gain on sale of equity investments and other assets (202) (101) (2,505)
Undistributed earnings from equity investments 3 6 38
Dry hole expenses 33 10 99
Changes in operating assets and liabilities:      
Decrease (increase) in receivables (1,091) 1,431 1,413
Decrease (increase) in inventories 17 (24) (112)
Decrease in other current assets 65 33 89
(Decrease) increase in accounts payable and accrued liabilities 603 (1,989) (530)
(Decrease) increase in current domestic and foreign income taxes 17 (331) (54)
Other operating, net (461) (650)  
Operating cash flow from continuing operations 2,519 3,254 8,871
Operating cash flow from discontinued operations, net of taxes 864 97 2,197
Net cash provided by operating activities 3,383 3,351 11,068
CASH FLOW FROM INVESTING ACTIVITIES      
Capital expenditures (2,717) (5,272) (8,930)
Change in capital accrual (114) (592) 542
Payments for purchases of assets and businesses (2,044) (109) (1,687)
Sales of equity investments and assets, net 302 819 4,177
Other, net (169) (269) (346)
Investing cash flow from continuing operations (4,742) (5,423) (6,244)
Investing cash flow from discontinued operations     (2,226)
Net cash used by investing activities (4,742) (5,423) (8,470)
CASH FLOW FROM FINANCING ACTIVITIES      
Change in restricted cash 1,193 2,826 (4,019)
Special cash distributions from California Resources     6,100
Proceeds from long-term debt 4,203 1,478  
Payments of long-term debt (2,710)   (107)
Proceeds from issuance of common stock 36 37 33
Purchases of treasury stock (22) (593) (2,500)
Contributions from noncontrolling interest     375
Cash dividends paid (2,309) (2,264) (2,210)
Other, net     2
Financing cash flow from continuing operations 391 1,484 (2,326)
Financing cash flow from discontinued operations     124
Net cash provided (used) by financing activities 391 1,484 (2,202)
Increase (decrease) in cash and cash equivalents (968) (588) 396
Cash and cash equivalents - beginning of year 3,201 3,789 3,393
Cash and cash equivalents - end of year $ 2,233 $ 3,201 $ 3,789