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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Cash Flows from Operating Activities    
Net Income $ 3,576 $ 2,628
Items Not Requiring (Providing) Cash    
Depreciation, Depletion and Amortization 1,664 1,758
Impairments 69 146
Stock-Based Compensation Expenses 69 65
Deferred Income Taxes 428 (567)
Gains on Asset Dispositions, Net (60) (122)
Other, Net 6 (10)
Dry Hole Costs 1 23
Mark-to-Market Financial Commodity Derivative Contracts    
(Gains) Losses, Net (477) 4,197
Net Cash Payments for Settlements of Financial Commodity Derivative Contracts (153) (2,410)
Other, Net (1) 21
Changes in Components of Working Capital and Other Assets and Liabilities    
Accounts Receivable 475 (1,400)
Inventories (303) (171)
Accounts Payable (308) 389
Accrued Taxes Payable 20 77
Other Assets 95 (142)
Other Liabilities 146 (1,817)
Changes in Components of Working Capital Associated with Investing Activities 285 211
Net Cash Provided by Operating Activities 5,532 2,876
Investing Cash Flows    
Additions to Oil and Gas Properties (2,646) (2,288)
Additions to Other Property, Plant and Equipment (499) (145)
Proceeds from Sales of Assets 121 231
Other Investing Activities 0 (30)
Changes in Components of Working Capital Associated with Investing Activities (285) (211)
Net Cash Used in Investing Activities (3,309) (2,443)
Financing Cash Flows    
Long-Term Debt Repayments (1,250) 0
Dividends Paid (1,547) (2,509)
Treasury Stock Purchased (619) (58)
Proceeds from Stock Options Exercised and Employee Stock Purchase Plan 9 17
Debt Issuance Costs (8) 0
Repayment of Finance Lease Liabilities (16) (19)
Net Cash Used in Financing Activities (3,431) (2,569)
Effect of Exchange Rate Changes on Cash 0 0
Decrease in Cash and Cash Equivalents (1,208) (2,136)
Cash and Cash Equivalents at Beginning of Period 5,972 5,209
Cash and Cash Equivalents at End of Period $ 4,764 $ 3,073