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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Cash Flows from Operating Activities      
Net Income (Loss) $ (1,096,686) $ (4,524,515) $ 2,915,487
Items Not Requiring (Providing) Cash      
Depreciation, Depletion and Amortization 3,553,417 3,313,644 3,997,041
Impairments 620,267 6,613,546 743,575
Stock-Based Compensation Expenses 128,090 130,577 145,086
Deferred Income Taxes (515,206) (2,482,307) 1,704,946
(Gains) Losses on Asset Dispositions, Net (205,835) 8,798 (507,590)
Other, Net 61,690 11,896 48,138
Dry Hole Costs [1] 10,657 14,746 48,490
Mark-to-Market Commodity Derivative Contracts      
Total Losses (Gains) 99,608 (61,924) (834,273)
Net Cash (Payments) Received from Settlements of Commodity Derivative Contracts (22,219) 730,114 34,007
Excess Tax Benefits from Stock-Based Compensation (29,357) (26,058) (99,459)
Other, Net 10,971 12,532 13,009
Changes in Components of Working Capital and Other Assets and Liabilities      
Accounts Receivable (232,799) 641,412 84,982
Inventories 170,694 58,450 (161,958)
Accounts Payable (74,048) (1,409,197) 543,630
Accrued Taxes Payable 92,782 11,798 16,486
Other Assets (40,636) 118,143 (14,448)
Other Liabilities (16,225) (66,257) 75,420
Changes in Components of Working Capital Associated with Investing and Financing Activities (156,102) 499,767 (103,414)
Net Cash Provided by Operating Activities 2,359,063 3,595,165 8,649,155
Investing Cash Flows      
Additions to Oil and Gas Properties (2,489,756) (4,725,150) (7,519,667)
Additions to Other Property, Plant and Equipment (93,039) (288,013) (727,138)
Proceeds from Sales of Assets 1,119,215 192,807 569,332
Changes in Restricted Cash 0 0 60,385
Payments to Acquire Businesses, Net of Cash Acquired 54,534 0 0
Changes in Components of Working Capital Associated with Investing Activities 156,102 (499,900) 103,523
Net Cash Used in Investing Activities (1,252,944) (5,320,256) (7,513,565)
Financing Cash Flows      
Repayments of Commercial Paper (259,718)    
Proceeds from Issuance of Commercial Paper   259,718 0
Long-Term Debt Borrowings 991,097 990,225 496,220
Long-Term Debt Repayments (563,829) (500,000) (500,000)
Settlement of Foreign Currency Swap 0 0 (31,573)
Dividends Paid (372,845) (367,005) (279,695)
Excess Tax Benefits from Stock-Based Compensation 29,357 26,058 99,459
Treasury Stock Purchased (82,125) (48,791) (127,424)
Proceeds from Stock Options Exercised and Employee Stock Purchase Plan 23,296 22,690 22,249
Debt Issuance Costs (1,602) (5,951) (895)
Repayment of Capital Lease Obligation (6,353) (6,156) (5,966)
Other, Net 0 133 (109)
Net Cash (Used in) Provided by Financing Activities (242,722) 370,921 (327,734)
Effect of Exchange Rate Changes on Cash 17,992 (14,537) (38,852)
Increase (Decrease) in Cash and Cash Equivalents 881,389 (1,368,707) 769,004
Cash and Cash Equivalents at Beginning of Year 718,506 2,087,213 1,318,209
Cash and Cash Equivalents at End of Year $ 1,599,895 $ 718,506 $ 2,087,213
[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, 2016.