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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Cash Flows from Operating Activities    
Net Income $ 390 $ 677
Items Not Requiring (Providing) Cash    
Depreciation, Depletion and Amortization 847 900
Impairments 55 44
Stock-Based Compensation Expenses 35 35
Deferred Income Taxes (465) (36)
(Gains) Losses on Asset Dispositions, Net (25) 6
Other, Net 6 7
Dry Hole Costs 3 11
Mark-to-Market Commodity Derivative Contracts    
Total Losses 2,820 367
Net Cash Payments for Settlements of Financial Commodity Derivative Contracts (296) (30)
Other, Net 2 1
Changes in Components of Working Capital and Other Assets and Liabilities    
Accounts Receivable (878) (308)
Inventories (14) 64
Accounts Payable 130 172
Accrued Taxes Payable 613 243
Other Assets (213) (103)
Other Liabilities (2,250) (89)
Changes in Components of Working Capital Associated with Investing and Financing Activities 68 (91)
Net Cash Provided by Operating Activities 828 1,870
Investing Cash Flows    
Additions to Oil and Gas Properties (939) (875)
Additions to Other Property, Plant and Equipment (70) (42)
Proceeds from Sales of Assets 121 5
Changes in Components of Working Capital Associated with Investing Activities (68) 91
Net Cash Used in Investing Activities (956) (821)
Financing Cash Flows    
Long-Term Debt Repayments 0 (750)
Dividends Paid (1,023) (219)
Treasury Stock Purchased (43) (10)
Proceeds from Stock Options Exercised and Employee Stock Purchase Plan 4 0
Repayment of Finance Lease Liabilities (10) (9)
Net Cash Used in Financing Activities (1,072) (988)
Effect of Exchange Rate Changes on Cash 0 (2)
Increase in Cash and Cash Equivalents (1,200) 59
Cash and Cash Equivalents at Beginning Period 5,209 3,329
Cash and Cash Equivalents End of Period $ 4,009 $ 3,388