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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Cash flows from operating activities:    
Net income $ 6,364 $ 1,355
Adjustments to reconcile net income to net cash provided by operating activities:    
Depletion, depreciation and amortization 1,874 1,825
Exploration expenses 6 3
Deferred income taxes 1,248 371
Gain on disposition of assets, net (105) (14)
Loss on early extinguishment of debt, net 47 2
Accretion of discount on asset retirement obligations 12 5
Interest expense 7 6
Derivative-related activity (95) 636
Amortization of stock-based compensation 59 87
Investment valuation adjustments (17) (21)
Other 69 106
Changes in operating assets and liabilities, net of effects of acquisitions:    
Accounts receivable (253) (601)
Inventories (55) (93)
Operating lease right-of-use assets (12) 81
Other assets (84) (57)
Accounts payable (260) 515
Interest payable (32) (76)
Income taxes payable 0 25
Operating leases 9 (83)
Other liabilities (32) (247)
Net cash provided by operating activities 8,750 3,825
Cash flows from investing activities:    
Proceeds from disposition of assets 293 59
Proceeds from short-term investments 727 0
Purchase of short-term investments, net (1,020) 0
Cash used in acquisitions, net of cash acquired 0 (826)
Additions to oil and gas properties (2,806) (2,181)
Additions to other assets and other property and equipment (105) (77)
Net cash used in investing activities (2,911) (3,025)
Cash flows from financing activities:    
Proceeds from issuance of senior notes, net of discount 0 3,247
Borrowings under credit facility 0 650
Repayment of credit facilities 0 (1,287)
Repayment of long-term debt (2,097) (3,371)
Proceeds from capped call on convertible notes 71 0
Payments of other liabilities (183) (153)
Payments of financing fees 0 (32)
Purchases of treasury stock (1,286) (19)
Exercise of long-term incentive plan stock options and employee stock purchases 7 11
Dividends paid (4,913) (720)
Net cash used in financing activities (8,401) (1,674)
Net decrease in cash, cash equivalents and restricted cash (2,562) (874)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Beginning Balance 3,884 1,501
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Ending Balance $ 1,322 $ 627