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Consolidated Statement of Cash Flows - USD ($)
$ in Millions
3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Dec. 31, 2020
Cash Flows From Operating Activities          
Net Income (Loss) $ 2,379 $ (450) $ 5,452 $ (1,883)  
Adjustments to reconcile net income (loss) to net cash provided by operating activities          
Depreciation, depletion and amortization 1,672 1,411 5,425 3,980  
Impairments (89) 2 (90) 521  
Dry hole costs and leasehold impairments     7 114  
Accretion on discounted liabilities 61 62 186 195  
Deferred taxes     895 (428)  
Undistributed equity earnings     258 450  
Gain on dispositions (2) 3 (294) (551)  
(Gain) loss on investment in Cenovus Energy     (743) 1,302  
Other     (866) (188)  
Working capital adjustments          
Decrease (increase) in accounts and notes receivable     (1,619) 1,132  
Increase in inventories     (13) (74)  
Increase in prepaid expenses and other current assets     (800) (49)  
Increase (decrease) in accounts payable     682 (583)  
Increase (decrease) in taxes and other accruals     2,648 (808)  
Net Cash Provided by Operating Activities     11,128 3,130  
Cash Flows From Investing Activities          
Cash acquired from Concho     382 0  
Capital expenditures and investments     (3,767) (3,657)  
Working capital changes associated with investing activities     79 (229)  
Proceeds from asset dispositions     792 1,312  
Net sales (purchases) of investments     2,846 (1,089)  
Collection of advances/loans-related parties     105 116  
Other     (386) (31)  
Net Cash Provided by (Used in) Investing Activities     51 (3,578)  
Cash Flows From Financing Activities          
Issuance of debt     0 300  
Repayment of debt     (363) (234)  
Issuance of company common stock     27 (2)  
Repurchase of company common stock     (2,224) (726)  
Dividends paid     (1,750) (1,367)  
Other     6 (27)  
Net Cash Used in Financing Activities     (4,304) (2,056)  
Effect of Exchange Rate Changes on Cash, Cash Equivalents and Restricted Cash     (3) (62)  
Net Change in Cash, Cash Equivalents and Restricted Cash     6,872 (2,566)  
Cash, cash equivalents and restricted cash at beginning of period     3,315 5,362 $ 5,362
Cash, Cash Equivalents and Restricted Cash at End of Period $ 10,187 $ 2,796 $ 10,187 $ 2,796 $ 3,315