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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Cash Flows from Operating Activities      
Net Income (Loss) $ (4,524,515) $ 2,915,487 $ 2,197,109
Items Not Requiring (Providing) Cash      
Depreciation, Depletion and Amortization 3,313,644 3,997,041 3,600,976
Impairments 6,613,546 743,575 286,941
Stock-Based Compensation Expenses 130,577 145,086 134,055
Deferred Income Taxes (2,482,307) 1,704,946 874,765
(Gains) Losses on Asset Dispositions, Net 8,798 (507,590) (197,565)
Other, Net 11,896 48,138 11,072
Dry Hole Costs [1] 14,746 48,490 74,655
Mark-to-Market Commodity Derivative Contracts      
Total (Gains) Losses (61,924) (834,273) 166,349
Net Cash Received from Settlements of Commodity Derivative Contracts 730,114 34,007 116,361
Excess Tax Benefits from Stock-Based Compensation (26,058) (99,459) (55,831)
Other, Net 12,532 13,009 18,205
Changes in Components of Working Capital and Other Assets and Liabilities      
Accounts Receivable 641,412 84,982 (23,613)
Inventories 58,450 (161,958) 53,402
Accounts Payable (1,409,197) 543,630 178,701
Accrued Taxes Payable 11,798 16,486 75,142
Other Assets 118,143 (14,448) (109,567)
Other Liabilities (66,257) 75,420 (20,382)
Changes in Components of Working Capital Associated with Investing and Financing Activities 499,767 (103,414) (51,361)
Net Cash Provided by Operating Activities 3,595,165 8,649,155 7,329,414
Investing Cash Flows      
Additions to Oil and Gas Properties (4,725,150) (7,519,667) (6,697,091)
Additions to Other Property, Plant and Equipment (288,013) (727,138) (363,536)
Proceeds from Sales of Assets 192,807 569,332 760,557
Changes in Restricted Cash 0 60,385 (65,814)
Changes in Components of Working Capital Associated with Investing Activities (499,900) 103,523 51,106
Net Cash Used in Investing Activities (5,320,256) (7,513,565) (6,314,778)
Financing Cash Flows      
Proceeds from Issuance of Commercial Paper 259,718 0 0
Long-Term Debt Borrowings 990,225 496,220 0
Long-Term Debt Repayments (500,000) (500,000) (400,000)
Settlement of Foreign Currency Swap 0 (31,573) 0
Dividends Paid (367,005) (279,695) (199,178)
Excess Tax Benefits from Stock-Based Compensation 26,058 99,459 55,831
Treasury Stock Purchased (48,791) (127,424) (63,784)
Proceeds from Stock Options Exercised and Employee Stock Purchase Plan 22,690 22,249 38,730
Debt Issuance Costs (5,951) (895) 0
Repayment of Capital Lease Obligation (6,156) (5,966) (5,780)
Other, Net 133 (109) 255
Net Cash Provided by (Used in) Financing Activities 370,921 (327,734) (573,926)
Effect of Exchange Rate Changes on Cash (14,537) (38,852) 1,064
Increase (Decrease) in Cash and Cash Equivalents (1,368,707) 769,004 441,774
Cash and Cash Equivalents at Beginning of Year 2,087,213 1,318,209 876,435
Cash and Cash Equivalents at End of Year $ 718,506 $ 2,087,213 $ 1,318,209
[1] Excludes gains or losses on the mark-to-market of financial commodity derivative contracts, gains or losses on sales of reserves and related assets, interest charges and general corporate expenses for each of the three years in the period ended December 31, 2015.