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CONSOLIDATED STATEMENT OF CASH FLOW - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2023
Mar. 31, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
CASH FLOW FROM OPERATING ACTIVITIES          
Consolidated net income $ 4,152 $ 5,631 $ 5,804 $ 9,783 $ 10,855
Depreciation, depletion, amortization and impairment 3,195 3,187 3,321 6,382 7,899
Non-current liabilities, valuation allowances and deferred taxes 81 314 1,427 395 3,965
(Gains) losses on disposals of assets (70) (252) (165) (322) (178)
Undistributed affiliates' equity earnings 383 (349) 2,999 34 3,261
(Increase) decrease in working capital 2,125 (3,419) 2,498 (1,294) (2,425)
Other changes, net 34 21 400 55 524
Cash flow from operating activities 9,900 5,133 16,284 15,033 23,901
CASH FLOW USED IN INVESTING ACTIVITIES          
Intangible assets and property, plant and equipment additions (3,870) (4,968) (5,150) (8,838) (8,607)
Acquisitions of subsidiaries, net of cash acquired (19) (136) (82) (155) (82)
Investments in equity affiliates and other securities (522) (1,407) (136) (1,929) (225)
Increase in non-current loans (366) (389) (278) (755) (519)
Total expenditures (4,777) (6,900) (5,646) (11,677) (9,433)
Proceeds from disposals of intangible assets and property, plant and equipment 31 68 153 99 330
Proceeds from disposals of subsidiaries, net of cash sold 38 183 63 221 151
Proceeds from disposals of non-current investments 133 49 35 182 250
Repayment of non-current loans 102 238 413 340 1,342
Total divestments 304 538 664 842 2,073
Cash flow used in investing activities (4,473) (6,362) (4,982) (10,835) (7,360)
CASH FLOW USED IN FINANCING ACTIVITIES          
Issuance (repayment) of shares: Parent company shareholders 383   371 383 371
Issuance (repayment) of shares: Treasury shares (2,002) (2,103) (1,988) (4,105) (3,164)
Dividends paid: Parent company shareholders (1,842) (1,844) (1,825) (3,686) (3,753)
Dividends paid: Non-controlling interests (105) (21) (97) (126) (119)
Net issuance (repayment) of perpetual subordinated notes (1,081)   (1,958) (1,081)  
Payments on perpetual subordinated notes (80) (158) (138) (238) (274)
Other transactions with non-controlling interests (13) (86) (10) (99) (5)
Net issuance (repayment) of non-current debt (14) 118 508 104 542
Increase (decrease) in current borrowings (4,111) (1,274) (2,703) (5,385) (2,046)
Increase (decrease) in current financial assets and liabilities 990 1,394 (731) 2,384 4,863
Cash flow from (used in) financing activities (7,875) (3,974) (8,571) (11,849) (3,585)
Net increase (decrease) in cash and cash equivalents (2,448) (5,203) 2,731 (7,651) 12,956
Effect of exchange rates 35 162 (1,159) 197 (1,450)
Cash and cash equivalents at the beginning of the period 27,985 33,026 31,276 33,026 21,342
Cash and cash equivalents at the end of the period $ 25,572 $ 27,985 $ 32,848 $ 25,572 $ 32,848