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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Cash Flows from Operating Activities    
Net Income $ 5,606 $ 5,482
Items Not Requiring (Providing) Cash    
Depreciation, Depletion and Amortization 2,562 2,664
Impairments 123 240
Stock-Based Compensation Expenses 126 99
Deferred Income Taxes 484 (240)
Gains on Asset Dispositions, Net (95) (101)
Other, Net 5 (15)
Dry Hole Costs 1 41
Mark-to-Market Financial Commodity Derivative Contracts    
(Gains) Losses, Net (520) 4,215
Net Cash Payments for Settlements of Financial Commodity Derivative Contracts (130) (3,257)
Other, Net (2) 33
Changes in Components of Working Capital and Other Assets and Liabilities    
Accounts Receivable (239) (1,008)
Inventories (331) (311)
Accounts Payable (70) 301
Accrued Taxes Payable 200 24
Other Assets 3 (271)
Other Liabilities 200 (548)
Changes in Components of Working Capital Associated with Investing Activities 313 301
Net Cash Provided by Operating Activities 8,236 7,649
Investing Cash Flows    
Additions to Oil and Gas Properties (4,025) (3,390)
Additions to Other Property, Plant and Equipment (638) (248)
Proceeds from Sales of Assets 135 310
Other Investing Activities 0 (30)
Changes in Components of Working Capital Associated with Investing Activities (313) (301)
Net Cash Used in Investing Activities (4,841) (3,659)
Financing Cash Flows    
Long-Term Debt Repayments (1,250) 0
Dividends Paid (2,041) (3,821)
Treasury Stock Purchased (728) (95)
Proceeds from Stock Options Exercised and Employee Stock Purchase Plan 10 17
Debt Issuance Costs (8) 0
Repayment of Finance Lease Liabilities (24) (27)
Net Cash Used in Financing Activities (4,041) (3,926)
Effect of Exchange Rate Changes on Cash 0 (1)
Increase (Decrease) in Cash and Cash Equivalents (646) 63
Cash and Cash Equivalents at Beginning of Period 5,972 5,209
Cash and Cash Equivalents at End of Period $ 5,326 $ 5,272