2017 Q1 Form 10-Q Financial Statement

#000119312517158717 Filed on May 04, 2017

View on sec.gov

Income Statement

Concept 2017 Q1 2016 Q1
Revenue $7.518B $5.121B
YoY Change 46.81% -36.0%
Cost Of Revenue $4.452B $3.578B
YoY Change 24.43% -29.61%
Gross Profit $3.045B $1.565B
YoY Change 94.57% -41.58%
Gross Profit Margin 40.5% 30.56%
Selling, General & Admin $388.0M $366.0M
YoY Change 6.01% 130.19%
% of Gross Profit 12.74% 23.39%
Research & Development $551.0M $505.0M
YoY Change 9.11% 4.77%
% of Gross Profit 18.1% 32.27%
Depreciation & Amortization $1.979B $2.247B
YoY Change -11.93% 5.44%
% of Gross Profit 64.99% 143.58%
Operating Expenses $3.013B $3.227B
YoY Change -6.63% 1929.56%
Operating Profit $32.00M -$1.662B
YoY Change -101.93% -165.95%
Interest Expense -$111.0M -$449.0M
YoY Change -75.28% -1076.09%
% of Operating Profit -346.88%
Other Income/Expense, Net $31.00M
YoY Change
Pretax Income -$794.0M -$2.224B
YoY Change -64.3% 524.72%
Income Tax -$831.0M -$768.0M
% Of Pretax Income
Net Earnings $586.0M -$1.469B
YoY Change -139.89% -640.07%
Net Earnings / Revenue 7.79% -28.69%
Basic Earnings Per Share
Diluted Earnings Per Share $469.2K -$1.180M
COMMON SHARES
Basic Shares Outstanding 1.236B shares
Diluted Shares Outstanding

Balance Sheet

Concept 2017 Q1 2016 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $3.361B $5.173B
YoY Change -35.03% 94.18%
Cash & Equivalents $3.109B $4.866B
Short-Term Investments $252.0M $307.0M
Other Short-Term Assets $2.911B $735.0M
YoY Change 296.05% -53.01%
Inventory $1.097B $1.072B
Prepaid Expenses
Receivables $3.359B $3.954B
Other Receivables $0.00 $0.00
Total Short-Term Assets $10.73B $10.93B
YoY Change -1.88% 0.87%
LONG-TERM ASSETS
Property, Plant & Equipment $54.44B $66.00B
YoY Change -17.52% -11.08%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $21.15B $21.17B
YoY Change -0.07% -8.86%
Other Assets $1.130B $1.094B
YoY Change 3.29% 8.53%
Total Long-Term Assets $77.25B $88.90B
YoY Change -13.11% -10.38%
TOTAL ASSETS
Total Short-Term Assets $10.73B $10.93B
Total Long-Term Assets $77.25B $88.90B
Total Assets $87.97B $99.83B
YoY Change -11.88% -9.28%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $3.494B $4.088B
YoY Change -14.53% -39.04%
Accrued Expenses $1.946B $1.384B
YoY Change 40.61% -174.61%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $1.095B $2.079B
YoY Change -47.33% 977.2%
Total Short-Term Liabilities $7.526B $8.825B
YoY Change -14.72% -7.72%
LONG-TERM LIABILITIES
Long-Term Debt $25.34B $27.38B
YoY Change -7.44% 22.66%
Other Long-Term Liabilities $11.94B $13.89B
YoY Change -14.08% -8.05%
Total Long-Term Liabilities $37.28B $41.27B
YoY Change -9.67% 10.26%
TOTAL LIABILITIES
Total Short-Term Liabilities $7.526B $8.825B
Total Long-Term Liabilities $37.28B $41.27B
Total Liabilities $52.37B $60.43B
YoY Change -13.33% -0.99%
SHAREHOLDERS EQUITY
Retained Earnings $31.80B $34.63B
YoY Change -8.17% -21.05%
Common Stock $46.53B $46.38B
YoY Change 0.31% 0.5%
Preferred Stock
YoY Change
Treasury Stock (at cost) $37.02B $36.78B
YoY Change 0.65% 0.0%
Treasury Stock Shares 542.2M shares
Shareholders Equity $35.35B $39.09B
YoY Change
Total Liabilities & Shareholders Equity $87.97B $99.83B
YoY Change -11.88% -9.28%

Cashflow Statement

Concept 2017 Q1 2016 Q1
OPERATING ACTIVITIES
Net Income $586.0M -$1.469B
YoY Change -139.89% -640.07%
Depreciation, Depletion And Amortization $1.979B $2.247B
YoY Change -11.93% 5.44%
Cash From Operating Activities $1.790B $421.0M
YoY Change 325.18% -79.64%
INVESTING ACTIVITIES
Capital Expenditures -$966.0M -$1.821B
YoY Change -46.95% -45.35%
Acquisitions
YoY Change
Other Investing Activities -$129.0M -$4.000M
YoY Change 3125.0% -144.44%
Cash From Investing Activities -$974.0M -$2.065B
YoY Change -52.83% -37.69%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $158.0M $42.00M
YoY Change 276.19% -223.53%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$1.344B $4.137B
YoY Change -132.49% -505.99%
NET CHANGE
Cash From Operating Activities $1.790B $421.0M
Cash From Investing Activities -$974.0M -$2.065B
Cash From Financing Activities -$1.344B $4.137B
Net Change In Cash -$501.0M $2.493B
YoY Change -120.1% -210.07%
FREE CASH FLOW
Cash From Operating Activities $1.790B $421.0M
Capital Expenditures -$966.0M -$1.821B
Free Cash Flow $2.756B $2.242B
YoY Change 22.93% -58.48%

Facts In Submission

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AccountsAndNotesReceivableNet
3249000000 USD
CY2017Q1 us-gaap Long Term Investments And Receivables Net
LongTermInvestmentsAndReceivablesNet
21153000000 USD
CY2016Q4 us-gaap Long Term Investments And Receivables Net
LongTermInvestmentsAndReceivablesNet
21091000000 USD
CY2017Q1 us-gaap Accounts Payable Current
AccountsPayableCurrent
3494000000 USD
CY2016Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
3631000000 USD
CY2017Q1 us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
-79000000 USD
CY2016Q1 us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
416000000 USD
CY2017Q1 cop Accountspayablecurrentandrelatedpartyaccountspayable
Accountspayablecurrentandrelatedpartyaccountspayable
3531000000 USD
CY2017Q1 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
465000000 USD
CY2016Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
689000000 USD
CY2017Q1 us-gaap Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent
PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent
2534000000 USD
CY2016Q4 us-gaap Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent
PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent
2552000000 USD
CY2016Q4 cop Accountspayablecurrentandrelatedpartyaccountspayable
Accountspayablecurrentandrelatedpartyaccountspayable
3653000000 USD
CY2017Q1 dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
CY2017Q1 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q1
CY2017Q1 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2017
CY2017Q1 dei Document Period End Date
DocumentPeriodEndDate
2017-03-31
CY2017Q1 dei Document Type
DocumentType
10-Q
CY2017Q1 dei Entity Central Index Key
EntityCentralIndexKey
0001163165
CY2016Q1 us-gaap Stockholders Equity Other
StockholdersEquityOther
1110000000 USD
CY2017Q1 us-gaap Stockholders Equity Other
StockholdersEquityOther
236000000 USD
CY2017Q1 us-gaap Derivative Instruments Not Designated As Hedging Instruments Asset At Fair Value
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsAssetAtFairValue
251000000 USD
CY2017Q1 us-gaap Derivative Instruments Not Designated As Hedging Instruments Liability At Fair Value
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsLiabilityAtFairValue
237000000 USD
CY2016Q4 us-gaap Derivative Instruments Not Designated As Hedging Instruments Asset At Fair Value
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsAssetAtFairValue
312000000 USD
CY2016Q4 us-gaap Derivative Instruments Not Designated As Hedging Instruments Liability At Fair Value
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsLiabilityAtFairValue
334000000 USD
CY2017Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
3.58 pure
CY2017Q1 us-gaap Description Of New Accounting Pronouncements Not Yet Adopted
DescriptionOfNewAccountingPronouncementsNotYetAdopted
<div><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10.5pt;font-weight:bold;margin-left:0pt;' >Note </font><font style='font-family:Times New Roman;font-size:10.5pt;font-weight:bold;color:#FF00FF;' >20</font><font style='font-family:Times New Roman;font-size:10.5pt;font-weight:bold;' >&#8212;</font><font style='font-family:Times New Roman;font-size:10.5pt;font-weight:bold;' >New Accounting Standards</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10.5pt;margin-left:0pt;' >In May 2014, the FASB issued Accounting Standards Update (ASU) No. 2014-09, &#8220;Revenue from Contracts with Customers&#8221; (ASU No. 2014-09), which outlines a single comprehensive model for entities to use in accounting for </font><font style='font-family:Times New Roman;font-size:10.5pt;' >revenue arising from contracts with customers. This ASU supersedes the revenue recognition requirements in FASB ASC Topic 605, &#8220;Revenue Recognition,&#8221; and most industry-specific guidance. This ASU sets forth a five-step model for determining when and how </font><font style='font-family:Times New Roman;font-size:10.5pt;' >revenue is recognized. Under the model, an entity will be required to recognize revenue to depict the transfer of goods or services to a customer at an amount reflecting the consideration it expects to receive in exchange for those goods or services. Add</font><font style='font-family:Times New Roman;font-size:10.5pt;' >itional disclosures will be required to describe the nature, amount, timing and uncertainty of revenue and cash flows arising from customer contracts. </font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10.5pt;margin-left:0pt;' >In August 2015, the FASB issued ASU No. 2015-14, &#8220;Deferral of the Effective Date,&#8221; which defers the ef</font><font style='font-family:Times New Roman;font-size:10.5pt;' >fective date of ASU No. 2014-09. The ASU is now effective for interim and annual periods beginning after December 15, 2017. Early adoption is permitted for interim and annual periods beginning after December 15, 2016. Entities may choose to adopt the st</font><font style='font-family:Times New Roman;font-size:10.5pt;' >andard using either a full retrospective approach or a modified retrospective approach. </font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10.5pt;margin-left:0pt;' >ASU No. 2014-09 was amended in March 2016 by the provisions of ASU No. 2016-08, &#8220;Principal versus Agent Considerations (Reporting Revenue Gross versus Net),&#8221; in Apri</font><font style='font-family:Times New Roman;font-size:10.5pt;' >l 2016 by the provisions of ASU No. 2016-10, &#8220;Identifying Performance Obligations and Licensing,&#8221; in May 2016 by the provisions of ASU No. 2016-12, &#8220;Narrow-Scope Improvements and Practical Expedients,&#8221; and in December 2016 by the provisions of ASU No. 2016</font><font style='font-family:Times New Roman;font-size:10.5pt;' >-20, &#8220;Technical Corrections and Improvements to Topic 606, Revenue From Contracts With Customers.&#8221; </font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10.5pt;margin-left:0pt;' >We will adopt the provisions of ASU No. 2014-09, as amended, with effect from January 1, 2018, and have elected not to early adopt the standard. We intend</font><font style='font-family:Times New Roman;font-size:10.5pt;' > to adopt the new standard using the modified retrospective approach which we will apply only to contracts within the scope of the standard that are not complete at the date of initial application. Under this approach, we will apply the guidance retrospec</font><font style='font-family:Times New Roman;font-size:10.5pt;' >tively only to the most current period presented in the financial statements. We continue to assess the impact of adoption of the standard on our current accounting policies and revenue-related disclosures. The impact to our financial statements is expec</font><font style='font-family:Times New Roman;font-size:10.5pt;' >ted to be immaterial.</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10.5pt;margin-left:0pt;' >In February 2016, the FASB issued ASU No. 2016-02, &#8220;Leases&#8221; (ASU No. 2016-02), which establishes comprehensive accounting and financial reporting requirements for leasing arrangements. This ASU supersedes the existing requirements i</font><font style='font-family:Times New Roman;font-size:10.5pt;' >n FASB ASC Topic 840, &#8220;Leases,&#8221; and requires lessees to recognize substantially all lease assets and lease liabilities on the balance sheet. The provisions of ASU No. 2016-02 also modify the definition of a lease and outline requirements for recognition, </font><font style='font-family:Times New Roman;font-size:10.5pt;' >measurement, presentation, and disclosure of leasing arrangements by both lessees and lessors. The ASU is effective for interim and annual periods beginning after December 15, 2018, and early adoption of the standard is permitted. Entities are required </font><font style='font-family:Times New Roman;font-size:10.5pt;' >to adopt the ASU using a modified retrospective approach, subject to certain optional practical expedients, and apply the provisions of ASU No. 2016-02 to leasing arrangements existing at or entered into after the earliest comparative period presented in t</font><font style='font-family:Times New Roman;font-size:10.5pt;' >he financial statements. </font><font style='font-family:Times New Roman;font-size:10.5pt;' >While we continue to evaluate the ASU, we expect the adoption of the ASU to have a material impact on our consolidated financial statements and disclosures. </font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10.5pt;margin-left:0pt;' >In June 2016, the FASB issued ASU No. 2016-13, &#8220;Measurement of Credit</font><font style='font-family:Times New Roman;font-size:10.5pt;' > Losses on Financial Instruments&#8221; (ASU No. 2016-13), which sets forth the current expected credit loss model, a new forward-looking impairment model for certain financial instruments based on expected losses rather than incurred losses. The ASU is effecti</font><font style='font-family:Times New Roman;font-size:10.5pt;' >ve for interim and annual periods beginning after December 15, 2019, and early adoption of the standard is permitted. Entities are required to adopt ASU No. 2016-13 using a modified retrospective approach, subject to certain limited exceptions. We are cu</font><font style='font-family:Times New Roman;font-size:10.5pt;' >rrently evaluating the impact of the adoption of this ASU.</font></p><p style='text-align:left;line-height:12pt;' ></p></div>
CY2017Q1 cop Increasedecreaseincapitalaccrual
Increasedecreaseincapitalaccrual
-26000000 USD
CY2016Q1 cop Increasedecreaseincapitalaccrual
Increasedecreaseincapitalaccrual
-134000000 USD
CY2017Q1 us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
0 USD
CY2017Q1 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
112000000 USD
CY2015Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
40082000000 USD
CY2017Q1 cop Intercompany Revenues
IntercompanyRevenues
0 USD
CY2016Q1 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Net Unamortized Gain Loss Arising During Period Before Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansNetUnamortizedGainLossArisingDuringPeriodBeforeTax
-231000000 USD
CY2016Q1 us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
4594000000 USD
CY2017Q1 us-gaap Inventory Crude Oil Products And Merchandise
InventoryCrudeOilProductsAndMerchandise
509000000 USD
CY2017Q1 us-gaap Capitalized Exploratory Well Cost Period Increase Decrease
CapitalizedExploratoryWellCostPeriodIncreaseDecrease
-229000000 USD
CY2017Q1 cop Impairmentchargesbysegmentbeforetaxtabletextblock
Impairmentchargesbysegmentbeforetaxtabletextblock
<div><table style='border-collapse:collapse;' ><tr style='height:11.1pt;' ><td colspan='6' rowspan='1' style='width:468.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:468.75pt;' ><font style='font-family:Times New Roman;font-size:10.5pt;font-weight:bold;color:#000000;' >Note 7&#8212;Impairments </font></td></tr><tr style='height:11.1pt;' ><td style='width:333.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:333.75pt;' ><font style='font-family:Times New Roman;font-size:10.5pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:10pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:10pt;color:#000000;' ></font></td><td style='width:56.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:10pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:10pt;color:#000000;' ></font></td><td style='width:56.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:10pt;color:#000000;' ></font></td></tr><tr style='height:11.1pt;' ><td colspan='6' rowspan='1' style='width:468.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:468.75pt;' ><font style='font-family:Times New Roman;font-size:10.5pt;color:#000000;' >During the three-month periods ended March 31, 2017 and 2016, we recognized before-tax impairment charges within the following segments:</font></td></tr><tr style='height:11.1pt;' ><td colspan='6' rowspan='1' style='width:468.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:468.75pt;' ><font style='font-family:Times New Roman;font-size:10.5pt;color:#000000;' ></font></td></tr><tr style='height:11.1pt;' ><td style='width:333.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:333.75pt;' ><font style='font-family:Times New Roman;font-size:10.5pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:10pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:10pt;color:#000000;' ></font></td><td style='width:56.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:10pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:10pt;color:#000000;' ></font></td><td style='width:56.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:10pt;color:#000000;' ></font></td></tr><tr style='height:11.1pt;' ><td style='width:333.75pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:333.75pt;' ><font style='font-family:Times New Roman;font-size:10.5pt;font-weight:bold;color:#000000;' ></font></td><td style='width:7.5pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10.5pt;color:#000000;' ></font></td><td colspan='4' rowspan='1' style='width:127.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:127.5pt;' ><font style='font-family:Times New Roman;font-size:10.5pt;color:#000000;' >Millions of Dollars</font></td></tr><tr style='height:11.1pt;' ><td colspan='1' rowspan='2' style='width:333.75pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:333.75pt;' ><font style='font-family:Times New Roman;font-size:10.5pt;font-weight:bold;color:#000000;' ></font></td><td colspan='1' rowspan='2' style='width:7.5pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10.5pt;font-weight:bold;color:#000000;' ></font></td><td colspan='4' rowspan='1' style='width:127.5pt;border-top-style:solid;border-top-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:127.5pt;' ><font style='font-family:Times New Roman;font-size:10.5pt;color:#000000;' > Three Months Ended</font></td></tr><tr style='height:11.1pt;' ><td colspan='4' rowspan='1' style='width:127.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:127.5pt;' ><font style='font-family:Times New Roman;font-size:10.5pt;color:#000000;' >March 31</font></td></tr><tr style='height:11.1pt;' ><td style='width:333.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:333.75pt;' ><font style='font-family:Times New Roman;font-size:10.5pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10.5pt;color:#000000;' ></font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10.5pt;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:56.25pt;' ><font style='font-family:Times New Roman;font-size:10.5pt;font-weight:bold;color:#000000;' >2017</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10.5pt;font-weight:bold;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:56.25pt;' ><font style='font-family:Times New Roman;font-size:10.5pt;color:#000000;' >2016</font></td></tr><tr style='height:11.1pt;' ><td style='width:333.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:333.75pt;' ><font style='font-family:Times New Roman;font-size:10.5pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10.5pt;color:#000000;' ></font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10.5pt;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:56.25pt;' ><font style='font-family:Times New Roman;font-size:10.5pt;font-weight:bold;color:#000000;' ></font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10.5pt;font-weight:bold;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:56.25pt;' ><font style='font-family:Times New Roman;font-size:10.5pt;color:#000000;' ></font></td></tr><tr style='height:11.1pt;' ><td style='width:333.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:333.75pt;' ><font style='font-family:Times New Roman;font-size:10.5pt;color:#000000;' >Alaska</font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10.5pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10.5pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:56.25pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:56.25pt;' ><font style='font-family:Times New Roman;font-size:10.5pt;font-weight:bold;color:#000000;' >174</font></td><td style='width:7.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10.5pt;font-weight:bold;color:#000000;' ></font></td><td style='width:56.25pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:56.25pt;' ><font style='font-family:Times New Roman;font-size:10.5pt;color:#000000;' >-</font></td></tr><tr style='height:11.1pt;' ><td style='width:333.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:333.75pt;' ><font style='font-family:Times New Roman;font-size:10.5pt;color:#000000;' >Lower 48</font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10.5pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10.5pt;font-weight:bold;color:#000000;' ></font></td><td style='width:56.25pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:56.25pt;' ><font style='font-family:Times New Roman;font-size:10.5pt;font-weight:bold;color:#000000;' >-</font></td><td style='width:7.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10.5pt;font-weight:bold;color:#000000;' ></font></td><td style='width:56.25pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:56.25pt;' ><font style='font-family:Times New Roman;font-size:10.5pt;color:#000000;' >9</font></td></tr><tr style='height:11.1pt;' ><td style='width:333.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:333.75pt;' ><font style='font-family:Times New Roman;font-size:10.5pt;color:#000000;' >Europe and North Africa</font></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10.5pt;color:#000000;' ></font></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10.5pt;font-weight:bold;color:#000000;' ></font></td><td style='width:56.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:56.25pt;' ><font style='font-family:Times New Roman;font-size:10.5pt;font-weight:bold;color:#000000;' >1</font></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10.5pt;font-weight:bold;color:#000000;' ></font></td><td style='width:56.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:56.25pt;' ><font style='font-family:Times New Roman;font-size:10.5pt;color:#000000;' >127</font></td></tr><tr style='height:11.1pt;' ><td style='width:333.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;vertical-align:bottom;border-color:Black;min-width:333.75pt;' ><font style='font-family:Times New Roman;font-size:10.5pt;color:#000000;' ></font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10.5pt;color:#000000;' ></font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10.5pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;vertical-align:bottom;border-color:Black;min-width:56.25pt;' ><font style='font-family:Times New Roman;font-size:10.5pt;font-weight:bold;color:#000000;' >175</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Times New Roman;font-size:10.5pt;font-weight:bold;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:double;border-bottom-width:3;text-align:right;vertical-align:bottom;border-color:Black;min-width:56.25pt;' ><font style='font-family:Times New Roman;font-size:10.5pt;color:#000000;' >136</font></td></tr></table></div>
CY2016Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.35 pure
CY2017Q1 us-gaap Short Term Investments
ShortTermInvestments
252000000 USD
CY2015Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
2368000000 USD
CY2017Q1 us-gaap Excess Of Replacement Or Current Costs Over Stated Lifo Value
ExcessOfReplacementOrCurrentCostsOverStatedLIFOValue
121000000 USD
CY2016Q4 us-gaap Excess Of Replacement Or Current Costs Over Stated Lifo Value
ExcessOfReplacementOrCurrentCostsOverStatedLIFOValue
104000000 USD
CY2017Q1 us-gaap Ratio Of Indebtedness To Net Capital1
RatioOfIndebtednessToNetCapital1
0.65 pure
CY2017Q1 us-gaap Profit Loss
ProfitLoss
599000000 USD
CY2016Q1 us-gaap Profit Loss
ProfitLoss
-1456000000 USD
CY2016Q1 cop Intercompany Revenues
IntercompanyRevenues
0 USD
CY2017Q1 us-gaap Net Income Loss
NetIncomeLoss
586000000 USD
CY2016Q1 us-gaap Net Income Loss
NetIncomeLoss
-1469000000 USD
CY2017Q1 us-gaap Capitalized Exploratory Well Cost Charged To Expense1
CapitalizedExploratoryWellCostChargedToExpense1
17000000 USD
CY2017Q1 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
112000000 USD
CY2016Q1 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
0 USD
CY2016Q4 us-gaap Short Term Investments
ShortTermInvestments
50000000 USD
CY2016Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
39407000000 USD
CY2016Q1 cop Net Purchases Sales Of Short Term Investments
NetPurchasesSalesOfShortTermInvestments
302000000 USD
CY2016Q1 us-gaap Payments To Fund Longterm Loans To Related Parties
PaymentsToFundLongtermLoansToRelatedParties
0 USD
CY2017Q1 us-gaap Interest Income Related Party
InterestIncomeRelatedParty
3000000 USD
CY2016Q1 us-gaap Interest Income Related Party
InterestIncomeRelatedParty
3000000 USD
CY2016Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
4866000000 USD
CY2016Q1 us-gaap Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
302000000 USD
CY2016Q1 us-gaap Proceeds From Sale Of Short Term Investments
ProceedsFromSaleOfShortTermInvestments
0 USD
CY2017Q1 cop Intercompany Cash Management
IntercompanyCashManagement
0 USD
CY2017Q1 us-gaap Payments To Fund Longterm Loans To Related Parties
PaymentsToFundLongtermLoansToRelatedParties
0 USD
CY2016Q1 cop Intercompany Cash Management
IntercompanyCashManagement
0 USD
CY2016Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
4866000000 USD
CY2016Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
35226000000 USD
CY2017Q1 us-gaap Dividends Common Stock
DividendsCommonStock
331000000 USD
CY2016Q1 us-gaap Dividends Common Stock
DividendsCommonStock
313000000 USD
CY2016Q1 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
0 USD
CY2017Q1 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Before Reclassification And Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossBeforeReclassificationAndTax
184000000 USD
CY2016Q1 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Before Reclassification And Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossBeforeReclassificationAndTax
1183000000 USD

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