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CONSOLIDATED STATEMENT OF CASH FLOWS (Unaudited) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Operating Activities    
Net Income (Loss) $ 4,165 $ (2,170)
Adjustments    
Depreciation, depletion and amortization 9,505 11,124
Dry hole expense 19 334
Distributions less than income from equity affiliates (1,436) (486)
Net before-tax gains on asset retirements and sales (1,056) (661)
Net foreign currency effects 243 302
Deferred income tax provision (1,246) (2,240)
Net increase in operating working capital (1,198) (2,091)
Decrease (increase) in long-term receivables 76 (33)
Net (increase) decrease in other deferred charges (23) 52
Cash contributions to employee pension plans (214) (551)
Other 80 92
Net Cash Provided by Operating Activities 8,915 3,672
Investing Activities    
Capital expenditures (6,539) (10,035)
Proceeds and deposits related to asset sales 2,523 1,370
Net sales of marketable securities 0 2
Net borrowing of loans by equity affiliates (16) (158)
Net (purchases) sales of other short-term investments (14) 155
Net Cash Used for Investing Activities (4,046) (8,666)
Financing Activities    
Net (repayments) borrowings of short-term obligations (6,305) 359
Proceeds from issuance of long-term debt 3,991 6,926
Repayments of long-term debt and other financing obligations (998) (780)
Cash dividends — common stock (4,061) (4,002)
Distributions to noncontrolling interests (41) (24)
Net sales of treasury shares 279 262
Net Cash (Used for) Provided by Financing Activities (7,135) 2,741
Effect of Exchange Rate Changes on Cash and Cash Equivalents 40 (5)
Net Change in Cash and Cash Equivalents (2,226) (2,258)
Cash and Cash Equivalents at January 1 6,988 11,022
Cash and Cash Equivalents at June 30 $ 4,762 $ 8,764