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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Cash Flows from Operating Activities    
Net Income $ 2,023 $ 390
Items Not Requiring (Providing) Cash    
Depreciation, Depletion and Amortization 798 847
Impairments 34 55
Stock-Based Compensation Expenses 34 35
Deferred Income Taxes 234 (465)
Gains on Asset Dispositions, Net (69) (25)
Other, Net 4 6
Dry Hole Costs 1 3
Mark-to-Market Financial Commodity Derivative Contracts    
(Gains) Losses, Net (376) 2,820
Net Cash Payments for Settlements of Financial Commodity Derivative Contracts (123) (296)
Other, Net (1) 2
Changes in Components of Working Capital and Other Assets and Liabilities    
Accounts Receivable 338 (878)
Inventories (77) (14)
Accounts Payable (77) 130
Accrued Taxes Payable 232 613
Other Assets 52 (213)
Other Liabilities 193 (2,250)
Changes in Components of Working Capital Associated with Investing Activities 35 68
Net Cash Provided by Operating Activities 3,255 828
Investing Cash Flows    
Additions to Oil and Gas Properties (1,305) (939)
Additions to Other Property, Plant and Equipment (319) (70)
Proceeds from Sales of Assets 92 121
Changes in Components of Working Capital Associated with Investing Activities (35) (68)
Net Cash Used in Investing Activities (1,567) (956)
Financing Cash Flows    
Long-Term Debt Repayments (1,250) 0
Dividends Paid (1,067) (1,023)
Treasury Stock Purchased (317) (43)
Proceeds from Stock Options Exercised and Employee Stock Purchase Plan 0 4
Repayment of Finance Lease Liabilities (8) (10)
Net Cash Used in Financing Activities (2,642) (1,072)
Effect of Exchange Rate Changes on Cash 0 0
Decrease in Cash and Cash Equivalents (954) (1,200)
Cash and Cash Equivalents at Beginning of Period 5,972 5,209
Cash and Cash Equivalents at End of Period $ 5,018 $ 4,009