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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Cash Flows from Operating Activities    
Net Income $ 5,482 $ 2,679
Items Not Requiring (Providing) Cash    
Depreciation, Depletion and Amortization 2,664 2,741
Impairments 240 170
Stock-Based Compensation Expenses 99 117
Deferred Income Taxes (240) (244)
Gains on Asset Dispositions, Net (101) (46)
Other, Net (15) 15
Dry Hole Costs 41 28
Mark-to-Market Financial Commodity Derivative Contracts    
Total Losses 4,215 1,288
Net Cash Payments for Settlements of Financial Commodity Derivative Contracts (3,257) (516)
Other, Net 33 8
Changes in Components of Working Capital and Other Assets and Liabilities    
Accounts Receivable (1,008) (639)
Inventories (311) 95
Accounts Payable 301 115
Accrued Taxes Payable 24 286
Other Assets (271) (55)
Other Liabilities (548) (317)
Changes in Components of Working Capital Associated with Investing Activities 301 (100)
Net Cash Provided by Operating Activities 7,649 5,625
Investing Cash Flows    
Additions to Oil and Gas Properties (3,390) (2,689)
Additions to Other Property, Plant and Equipment (248) (147)
Proceeds from Sales of Assets 310 154
Other Investing Activities (30) 0
Changes in Components of Working Capital Associated with Investing Activities (301) 100
Net Cash Used in Investing Activities (3,659) (2,582)
Financing Cash Flows    
Long-Term Debt Repayments 0 (750)
Dividends Paid (3,821) (1,278)
Treasury Stock Purchased (95) (33)
Proceeds from Stock Options Exercised and Employee Stock Purchase Plan 17 9
Repayment of Finance Lease Liabilities (27) (27)
Net Cash Used in Financing Activities (3,926) (2,079)
Effect of Exchange Rate Changes on Cash (1) 0
Increase in Cash and Cash Equivalents 63 964
Cash and Cash Equivalents at Beginning of Period 5,209 3,329
Cash and Cash Equivalents at End of Period $ 5,272 $ 4,293