v3.7.0.1
Consolidated Statement of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Cash Flows From Operating Activities    
Net income (loss) $ 599 $ (1,456)
Adjustments to reconcile net income (loss) to net cash provided by operating activities    
Depreciation, depletion and amortization 1,979 2,247
Impairments 175 136
Dry hole costs and leasehold impairments 406 360
Accretion on discounted liabilities 95 109
Deferred taxes (1,314) (827)
Distributions received greater than equity losses (undistributed equity earnings) (43) 252
Gain on dispositions (22) (23)
Other (47) (126)
Working capital adjustments    
Decrease (increase) in accounts and notes receivable 78 549
Decrease (increase) in inventories (76) 61
Decrease (increase) in prepaid expenses and other current assets 10 9
Increase (decrease) in accounts payable (129) (454)
Increase (decrease) in taxes and other accruals 79 (416)
Net cash provided by operating activities 1,790 421
Cash Flows From Investing Activities    
Capital expenditures and investments (966) (1,821)
Working capital changes associated with investing activities (26) (134)
Proceeds from asset dispositions 35 135
Net sales (purchases) of short-term investments (203) (302)
Collection of advances/loans-related parties 57 53
Other 129 4
Net cash used in continuing investing activities (974) (2,065)
Cash Flows From Financing Activities    
Issuance of debt 0 4,594
Repayment of debt (839) (64)
Issuance of company common stock (46) (42)
Repurchase of company common stock (112) 0
Dividends paid (331) (313)
Other (16) (38)
Net cash provided by (used in) continuing financing activities (1,344) 4,137
Effect of Exchange Rate Changes on Cash and Cash Equivalents 27 5
Net Change in Cash and Cash Equivalents (501) 2,498
Cash and cash equivalents at beginning of period 3,610 2,368
Cash and Cash Equivalents at End of Period $ 3,109 $ 4,866