MRO » Topics » Net cash used in investing activities

This excerpt taken from the MRO 10-Q filed Nov 7, 2008.
Net cash used in investing activities totaled $4,800 million in the first nine months of 2008, compared to $2,609 million in the first nine months of 2007.  Capital expenditures were $5,168 million compared with $2,725 million for the comparable prior-year period, with the increased spending related the Garyville refinery expansion, the Alvheim development, Gulf of Mexico exploration and development projects and the AOSP.  See Supplemental Statistics for information regarding capital expenditures by segment.  We received $402 million and $163 million of the funds held in trust related to the Garyville expansion in the first nine months of 2008 and 2007.
 
This excerpt taken from the MRO 10-Q filed Aug 8, 2008.
Net cash used in investing activities totaled $3,158 million in the first six months of 2008, compared to $1,728 million in the first six months of 2007.  Capital expenditures were $3,382 million compared with $1,699 million for the comparable prior-year period, with the increased spending related primarily to the Alvheim development and Gulf of Mexico projects in the E&P Segment, the AOSP expansion in the OSM segment and the Garyville refinery expansion in the RM&T segment.  See Supplemental Statistics for information regarding capital expenditures by segment.
 
This excerpt taken from the MRO 10-Q filed May 9, 2008.
Net cash used in investing activities totaled $1.482 billion in the first quarter of 2008, compared to $711 million in the first quarter of 2007.  Capital expenditures were $1.537 billion compared to $737 million for the comparable prior-year period, with the increased spending related primarily to the Droshky project and development of the Williston Basin (Bakken Shale) and Piceance Basin in the E&P segment, the AOSP expansion in the OSM segment, and the Garyville refinery expansion in the RM&T segment.  For information regarding capital expenditures by segment, refer to Supplemental Statistics.
 
This excerpt taken from the MRO 10-Q filed Aug 7, 2007.
Net cash used in investing activities totaled $1.728 billion in the first six months of 2007, compared to $857 million in the first six months of 2006.  Capital expenditures were $1.699 billion compared with $1.308 billion for the comparable prior-year period, with the increased spending primarily related to the Garyville refinery expansion in the RM&T segment and the Neptune development in the E&P segment.  See Supplemental Statistics for information regarding capital expenditures by segment.  Investing activities for the first six months of 2006 also included net cash proceeds of $832 million from the sale of our Russian oil exploration and production businesses in June 2006 and cash paid for acquisitions of $543 million, primarily related to the initial $520 million payment associated with our re-entry into Libya.

This excerpt taken from the MRO 10-Q filed May 7, 2007.
Net cash used in investing activities totaled $711 million in the first quarter of 2007, compared to $987 million in the first quarter of 2006. Capital expenditures were $737 million compared to $572 million for the comparable prior-year period, with the increased spending related primarily to the Neptune development project in the E&P segment and the Garyville refinery expansion in the RM&T segment. For information regarding capital expenditures by segment, refer to Supplemental Statistics. Cash paid for acquisitions in the first quarter of 2006 were $527 million, primarily related to the initial $520 million payment associated with our re-entry into Libya.

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