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CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Cash flows from operating activities:      
Net income (loss) $ (10,486) $ (10,107) $ 2,177
Adjustments to reconcile net income (loss) to cash provided by operating activities:      
Impairments and other charges and credits 12,515 12,901 141
Depreciation and amortization [1] 2,566 3,589 3,556
Deferred taxes (1,248) (1,011) (245)
Stock-based compensation expense 397 405 345
Pension and other postretirement benefits funding (16) (25) (83)
Earnings of equity method investments, less dividends received (28) 6 (48)
Change in assets and liabilities:      
Decrease in receivables [2] 2,345 142 430
Decrease (increase) in inventories [2] 86 (314) (10)
Decrease (increase) in other current assets [2] 267 (68) 121
(Increase) decrease in other assets [2] (25) 22 (58)
Decrease in accounts payable and accrued liabilities [2] (3,330) (161) (824)
(Decrease) increase in estimated liability for taxes on income [2] (201) 6 (103)
Increase (decrease) in other liabilities [2] 19 (52) 69
Other [2] 83 98 245
NET CASH PROVIDED BY OPERATING ACTIVITIES 2,944 5,431 5,713
Cash flows from investing activities:      
Capital expenditures (1,116) (1,724) (2,160)
APS investments (303) (781) (981)
Multiclient seismic data capitalized (101) (231) (100)
Net proceeds from divestitures 434 348  
Proceeds from formation of Sensia joint venture   238  
Proceeds from sale of WesternGeco marine seismic business, net of cash divested     579
Business acquisitions and investments, net of cash acquired (33) (23) (292)
(Purchase) sale of investments, net (1,141) 317 1,943
Other (93) (155) (29)
NET CASH USED IN INVESTING ACTIVITIES (2,353) (2,011) (1,040)
Cash flows from financing activities:      
Dividends paid (1,734) (2,769) (2,770)
Proceeds from employee stock purchase plan 146 196 227
Proceeds from exercise of stock options   23 34
Stock repurchase program (26) (278) (400)
Proceeds from issuance of long-term debt 5,837 4,004 898
Repayment of long-term debt (4,975) (4,799) (2,861)
Net increase (decrease) in short-term borrowings 156 (44) (85)
Repayment of finance lease-related obligations (188)    
Other (89) (51) (63)
NET CASH USED IN FINANCING ACTIVITIES (873) (3,718) (5,020)
Net decrease in cash before translation effect (282) (298) (347)
Translation effect on cash (11) 2 (19)
Cash, beginning of period 1,137 1,433 1,799
Cash, end of period $ 844 $ 1,137 $ 1,433
[1] Includes depreciation of property, plant and equipment and amortization of intangible assets, multiclient seismic data costs and APS investments.
[2] Net of the effect of business acquisitions and divestitures.