XML 17 R7.htm IDEA: XBRL DOCUMENT v3.23.3
Consolidated Statements of Cash Flows - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Cash flows from operating activities:    
Net income $ 3,625 $ 6,364
Adjustments to reconcile net income to net cash provided by operating activities:    
Depletion, depreciation and amortization 2,087 1,874
Exploration expenses 1 6
Deferred income taxes 341 1,248
Gain on disposition of assets, net (23) (105)
Loss on early extinguishments of debt 0 47
Accretion of discount on asset retirement obligations 12 12
Interest expense 8 7
Derivative-related activity 169 (95)
Amortization of share-based compensation 70 59
Investment valuation adjustments (4) (17)
Other 112 69
Changes in operating assets and liabilities:    
Accounts receivable 1 (253)
Inventories (73) (55)
Other assets 5 (96)
Accounts payable (126) (260)
Interest payable (17) (32)
Income taxes payable (20) 0
Other liabilities (69) (23)
Net cash provided by operating activities 6,099 8,750
Cash flows from investing activities:    
Proceeds from disposition of assets 24 293
Proceeds from short-term investments 0 727
Purchases of short-term investments, net 0 (1,020)
Additions to oil and gas properties (3,436) (2,806)
Additions to other assets and other property and equipment (121) (105)
Net cash used in investing activities (3,533) (2,911)
Cash flows from financing activities:    
Proceeds from issuance of debt, net of discount 2,589 0
Repayment of debt (2,994) (2,097)
Proceeds from capped call on convertible notes 104 71
Payments of other liabilities (13) (183)
Payments of financing fees (7) 0
Purchases of treasury shares (656) (1,286)
Exercise of long-term incentive plan stock options and employee stock purchases 8 7
Dividends paid (2,531) (4,913)
Net cash used in financing activities (3,500) (8,401)
Net decrease in cash, cash equivalents and restricted cash (934) (2,562)
Cash, cash equivalents and restricted cash, beginning of period 1,032 3,884
Cash, cash equivalents and restricted cash, end of period $ 98 $ 1,322