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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Cash Flows from Operating Activities    
Net Income $ 1,789 $ 2,023
Items Not Requiring (Providing) Cash    
Depreciation, Depletion and Amortization 1,074 798
Impairments 19 34
Stock-Based Compensation Expenses 45 34
Deferred Income Taxes 199 234
Gains on Asset Dispositions, Net (26) (69)
Other, Net 9 4
Dry Hole Costs 1 1
Mark-to-Market Financial Commodity and Other Derivative Contracts    
Gains, Net (237) (376)
Net Cash Received from (Payments for) Settlements of Financial Commodity Derivative Contracts 55 (123)
Other, Net 0 (1)
Changes in Components of Working Capital and Other Assets and Liabilities    
Accounts Receivable 58 338
Inventories 117 (77)
Accounts Payable (58) (77)
Accrued Taxes Payable 319 232
Other Assets (161) 52
Other Liabilities (71) 193
Changes in Components of Working Capital Associated with Investing Activities (229) 35
Net Cash Provided by Operating Activities 2,903 3,255
Investing Cash Flows    
Additions to Oil and Gas Properties (1,485) (1,305)
Additions to Other Property, Plant and Equipment (350) (319)
Proceeds from Sales of Assets 9 92
Changes in Components of Working Capital Associated with Investing Activities 229 (35)
Net Cash Used in Investing Activities (1,597) (1,567)
Financing Cash Flows    
Long-Term Debt Repayments 0 (1,250)
Dividends Paid (525) (1,067)
Treasury Stock Purchased (759) (317)
Repayment of Finance Lease Liabilities (8) (8)
Net Cash Used in Financing Activities (1,292) (2,642)
Effect of Exchange Rate Changes on Cash 0 0
Increase (Decrease) in Cash and Cash Equivalents 14 (954)
Cash and Cash Equivalents at Beginning of Period 5,278 5,972
Cash and Cash Equivalents at End of Period $ 5,292 $ 5,018