Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions |
9 Months Ended |
Sep. 30, 2017 |
Sep. 30, 2016 |
| Cash flows from operating activities: |
|
|
| Net income (loss) |
$ 357
|
$ (5,616)
|
| Adjustments to reconcile net income (loss) to net cash flows from operating activities: |
|
|
| Depreciation, depletion, and amortization |
1,163
|
1,117
|
| U.S. tax refund |
478
|
430
|
| Payment related to the Macondo well incident |
(368)
|
(33)
|
| Impairments and other charges |
262
|
3,189
|
| Deferred income tax expense (benefit), continuing operations |
(183)
|
(1,511)
|
| Changes in assets and liabilities: |
|
|
| Receivables |
(1,064)
|
682
|
| Accounts payable |
611
|
(461)
|
| Inventories |
(49)
|
388
|
| Other |
250
|
(947)
|
| Total cash flows provided by (used in) operating activities |
1,457
|
(2,762)
|
| Cash flows from investing activities: |
|
|
| Capital expenditures |
(934)
|
(625)
|
| Payments to acquire businesses, net of cash acquired |
(628)
|
0
|
| Proceeds from sales of property, plant, and equipment |
111
|
176
|
| Other investing activities |
(56)
|
(73)
|
| Total cash flows used in investing activities |
(1,507)
|
(522)
|
| Cash flows from financing activities: |
|
|
| Payments on long-term borrowings |
(1,633)
|
(3,149)
|
| Dividends to shareholders |
(469)
|
(465)
|
| Other financing activities |
92
|
163
|
| Total cash flows used in financing activities |
(2,010)
|
(3,451)
|
| Effect of exchange rate changes on cash |
(51)
|
(53)
|
| Increase (decrease) in cash and equivalents |
(2,111)
|
(6,788)
|
| Cash and equivalents at beginning of period |
4,009
|
10,077
|
| Cash and equivalents at end of period |
1,898
|
3,289
|
| Cash payments (receipts) during the period for: |
|
|
| Interest |
455
|
516
|
| Income taxes |
$ (240)
|
$ (25)
|