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Consolidated Statements of Cash Flows (USD $)
In Thousands
6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Cash Flows from Operating Activities    
Net Income $ 429,547 $ 177,887
Items Not Requiring (Providing) Cash    
Depreciation, Depletion and Amortization 1,171,170 897,249
Impairments 447,982 149,957
Stock-Based Compensation Expenses 53,427 44,953
Deferred Income Taxes 206,130 24,493
Gains on Asset Dispositions, Net (235,513) (7,632)
Other, Net (834) (1,252)
Dry Hole Costs 24,627 42,395
Mark-to-Market Commodity Derivative Contracts    
Total Gains 122,875 44,818
Realized Gains 31,285 38,827
Other, Net 13,268 8,454
Changes in Components of Working Capital and Other Assets and Liabilities    
Accounts Receivable (165,300) (39,275)
Inventories (127,062) (67,363)
Accounts Payable 189,250 254,878
Accrued Taxes Payable 94,311 (6,011)
Other Assets (4,796) (24,499)
Other Liabilities (12,017) (10,930)
Changes in Components of Working Capital Associated with Investing and Financing Activities 76,640 (135,973)
Net Cash Provided by Operating Activities 2,069,240 1,301,340
Investing Cash Flows    
Additions to Oil and Gas Properties (3,122,567) (2,288,270)
Additions to Other Property, Plant and Equipment (340,140) (115,661)
Proceeds from Sales of Assets 944,481 41,939
Changes in Components of Working Capital Associated with Investing Activities (76,852) 135,693
Other, Net 0 4,157
Net Cash Used in Investing Activities (2,595,078) (2,230,456)
Financing Cash Flows    
Common Stock Sold 1,388,270 0
Long-Term Debt Borrowings 0 991,395
Long-Term Debt Repayments 0 (37,000)
Dividends Paid (81,562) (75,179)
Treasury Stock Purchased (16,736) (7,307)
Proceeds from Stock Options Exercised and Employee Stock Purchase Plan 24,619 21,023
Debt Issuance Costs 0 (1,194)
Other, Net 212 280
Net Cash Provided by Financing Activities 1,314,803 892,018
Effect of Exchange Rate Changes on Cash (380) 1,461
Increase (Decrease) in Cash and Cash Equivalents 788,585 (35,637)
Cash and Cash Equivalents at Beginning of Period 788,853 685,751
Cash and Cash Equivalents at End of Period $ 1,577,438 $ 650,114