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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Cash Flows from Operating Activities      
Net Income (Loss) $ 7,759 $ 4,664 $ (605)
Items Not Requiring (Providing) Cash      
Depreciation, Depletion and Amortization 3,542 3,651 3,400
Impairments 382 376 2,100
Stock-Based Compensation Expenses 133 152 146
Deferred Income Taxes (61) (122) (186)
(Gains) Losses on Asset Dispositions, Net (74) (17) 47
Other, Net 0 13 12
Dry Hole Costs 45 71 13
Mark-to-Market Financial Commodity Derivative Contracts      
(Gains) Losses, Net 3,982 1,152 (1,145)
Net Cash Received from (Payments for) Settlements of Financial Commodity Derivative Contracts (3,501) (638) 1,071
Other, Net 45 7 1
Changes in Components of Working Capital and Other Assets and Liabilities      
Accounts Receivable (347) (821) 467
Inventories (534) (13) 123
Accounts Payable 90 456 (795)
Accrued Taxes Payable (113) 312 (49)
Other Assets (364) (136) 325
Other Liabilities (266) (116) 8
Changes in Components of Working Capital Associated with Investing Activities 375 (200) 75
Net Cash Provided by Operating Activities 11,093 8,791 5,008
Investing Cash Flows      
Additions to Oil and Gas Properties (4,619) (3,638) (3,244)
Additions to Other Property, Plant and Equipment (381) (212) (221)
Proceeds from Sales of Assets 349 231 192
Other Investing Activities (30) 0 0
Changes in Components of Working Capital Associated with Investing Activities (375) 200 (75)
Net Cash Used in Investing Activities (5,056) (3,419) (3,348)
Financing Cash Flows      
Long-Term Debt Borrowings 0 0 1,484
Long-Term Debt Repayments 0 (750) (1,000)
Dividends Paid (5,148) (2,684) (821)
Treasury Stock Purchased (118) (41) (16)
Proceeds from Stock Options Exercised and Employee Stock Purchase Plan 28 19 16
Debt Issuance Costs 0 0 (3)
Repayment of Finance Lease Liabilities (35) (37) (19)
Net Cash Used in Financing Activities (5,273) (3,493) (359)
Effect of Exchange Rate Changes on Cash (1) 1 0
Increase in Cash and Cash Equivalents 763 1,880 1,301
Cash and Cash Equivalents at Beginning of Year 5,209 3,329 2,028
Cash and Cash Equivalents at End of Year $ 5,972 $ 5,209 $ 3,329