XML 28 R7.htm IDEA: XBRL DOCUMENT v3.8.0.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Cash Flows from Operating Activities      
Net Income (Loss) $ 2,582,579 $ (1,096,686) $ (4,524,515)
Items Not Requiring (Providing) Cash      
Depreciation, Depletion and Amortization 3,409,387 3,553,417 3,313,644
Impairments 479,240 620,267 6,613,546
Stock-Based Compensation Expenses 133,849 128,090 130,577
Deferred Income Taxes (1,473,872) (515,206) (2,482,307)
Gains (Losses) on Asset Dispositions, Net (99,096) 205,835 (8,798)
Other, Net 6,546 61,690 11,896
Dry Hole Costs [1] 4,609 10,657 14,746
Mark-to-Market Commodity Derivative Contracts      
Total (Gains) Losses (19,828) 99,608 (61,924)
Net Cash Received from (Payments for) Settlements of Commodity Derivative Contracts 7,438 (22,219) 730,114
Excess Tax Benefits from Stock-Based Compensation 0 (29,357) (26,058)
Other, Net 1,204 10,971 12,532
Changes in Components of Working Capital and Other Assets and Liabilities      
Accounts Receivable (392,131) (232,799) 641,412
Inventories (174,548) 170,694 58,450
Accounts Payable 324,192 (74,048) (1,409,197)
Accrued Taxes Payable (63,937) 92,782 11,798
Other Assets (658,609) (40,636) 118,143
Other Liabilities (89,871) (16,225) (66,257)
Changes in Components of Working Capital Associated with Investing and Financing Activities 89,992 (156,102) 499,767
Net Cash Provided by Operating Activities 4,265,336 2,359,063 3,595,165
Investing Cash Flows      
Additions to Oil and Gas Properties (3,950,918) (2,489,756) (4,725,150)
Additions to Other Property, Plant and Equipment (173,324) (93,039) (288,013)
Proceeds from Sales of Assets 226,768 1,119,215 192,807
Payments to Acquire Businesses, Net of Cash Acquired 0 54,534 0
Changes in Components of Working Capital Associated with Investing Activities (89,935) 156,102 (499,900)
Net Cash Used in Investing Activities (3,987,409) (1,252,944) (5,320,256)
Financing Cash Flows      
Net Commercial Paper (Repayments) Borrowings 0 (259,718) 259,718
Long-Term Debt Borrowings 0 991,097 990,225
Long-Term Debt Repayments (600,000) (563,829) (500,000)
Dividends Paid (386,531) (372,845) (367,005)
Excess Tax Benefits from Stock-Based Compensation 0 29,357 26,058
Treasury Stock Purchased (63,408) (82,125) (48,791)
Proceeds from Stock Options Exercised and Employee Stock Purchase Plan 20,840 23,296 22,690
Debt Issuance Costs 0 (1,602) (5,951)
Repayment of Capital Lease Obligation (6,555) (6,353) (6,156)
Other, Net (57) 0 133
Net Cash (Used in) Provided by Financing Activities (1,035,711) (242,722) 370,921
Effect of Exchange Rate Changes on Cash (7,883) 17,992 (14,537)
Increase (Decrease) in Cash and Cash Equivalents (765,667) 881,389 (1,368,707)
Cash and Cash Equivalents at Beginning of Year 1,599,895 718,506 2,087,213
Cash and Cash Equivalents at End of Year $ 834,228 $ 1,599,895 $ 718,506
[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, 2017.