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Consolidated Statement of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Operating Activities      
Net Income $ 4,710 $ 19,310 $ 21,597
Adjustments      
Depreciation, depletion and amortization [1],[2] 21,037 16,793 14,186
Dry hole expense 2,309 875 683
Distributions less than income from equity affiliates (760) (2,202) (1,178)
Net before-tax gains on asset retirements and sales (3,215) (3,540) (639)
Net foreign currency effects (82) (277) (103)
Deferred income tax provision (1,861) 1,572 1,876
Net increase in operating working capital (1,979) (540) (1,331)
(Increase) decrease in long-term receivables (59) (9) 183
Decrease (increase) in other deferred charges 25 263 (321)
Cash contributions to employee pension plans (868) (392) (1,194)
Other 199 (378) 1,243
Net Cash Provided by Operating Activities 19,456 31,475 35,002
Investing Activities      
Capital expenditures (29,504) (35,407) (37,985)
Proceeds and deposits related to asset sales 5,739 5,729 1,143
Net maturities of time deposits 8 0 700
Net sales (purchases) of marketable securities 122 (148) 3
Net (borrowing) repayment of loans by equity affiliates (217) 140 314
Net sales (purchases) of other short-term investments 44 (207) 216
Net Cash Used for Investing Activities (23,808) (29,893) (35,609)
Financing Activities      
Net (repayments) borrowings of short-term obligations (335) 3,431 2,378
Proceeds from issuances of long-term debt 11,091 4,000 6,000
Repayments of long-term debt and other financing obligations (32) (43) (132)
Cash dividends - common stock (7,992) (7,928) (7,474)
Distributions to noncontrolling interests (128) (47) (99)
Net sales (purchases) of treasury shares 211 (4,412) (4,494)
Net Cash Provided by (Used for) Financing Activities 2,815 (4,999) (3,821)
Effect of Exchange Rate Changes on Cash and Cash Equivalents (226) (43) (266)
Net Change in Cash and Cash Equivalents (1,763) (3,460) (4,694)
Cash and Cash Equivalents at January 1 12,785 16,245 20,939
Cash and Cash Equivalents at December 31 $ 11,022 $ 12,785 $ 16,245
[1] Depreciation expense includes accretion expense of $715, $882 and $627 in 2015, 2014 and 2013, respectively
[2] Other than the United States, Australia and Nigeria, no other country accounted for 10 percent or more of the company’s net properties, plant and equipment (PP&E) in 2015. Australia had $49,205, $41,012 and $31,464 in 2015, 2014, and 2013, respectively. Nigeria had PP&E of $18,773, $19,214 and $18,429 for 2015, 2014 and 2013, respectively.