|
Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Millions, unless otherwise specified
|
9 Months Ended |
|
Sep. 30, 2014
|
Sep. 30, 2013
|
| Cash flows from operating activities: |
|
|
| Net income |
$ 2,596 |
$ 1,340 |
| Adjustments to reconcile net income (loss) to net cash flows from operating activities: |
|
|
| Depreciation, depletion, and amortization |
1,569 |
1,403 |
| Deferred Income Tax Expense (Benefit) |
(535) |
(273) |
| Activity related to Macondo well incident |
(195) |
1,000 |
| Other changes: |
|
|
| Receivables |
(1,339) |
(856) |
| Accounts payable |
653 |
243 |
| Inventories |
(319) |
(210) |
| Payment of Barracuda-Caratinga obligation |
0 |
(219) |
| Other |
483 |
121 |
| Total cash flows from operating activities |
2,913 |
2,549 |
| Cash flows from investing activities: |
|
|
| Capital expenditures |
(2,284) |
(2,075) |
| Sales of investment securities |
256 |
294 |
| Payments to Acquire Businesses, Net of Cash Acquired |
(230) |
(12) |
| Purchases of investment securities |
(166) |
(168) |
| Other investing activities |
92 |
94 |
| Total cash flows from investing activities |
(2,332) |
(1,867) |
| Cash flows from financing activities: |
|
|
| Payments to reacquire common stock |
(800) |
(4,356) |
| Dividends to shareholders |
(381) |
(337) |
| Proceeds from long-term borrowings, net of offering costs |
0 |
(2,968) |
| Other financing activities |
311 |
58 |
| Total cash flows from financing activities |
(870) |
(1,667) |
| Effect of exchange rate changes on cash |
(38) |
(8) |
| Decrease in cash and equivalents |
(327) |
(993) |
| Cash and equivalents at beginning of period |
2,356 |
2,484 |
| Cash and equivalents at end of period |
2,029 |
1,491 |
| Cash payments (receipts) during the period for: |
|
|
| Interest |
357 |
269 |
| Income taxes |
$ 1,010 |
$ 566 |