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CONSOLIDATED STATEMENT OF CASH FLOWS (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Operating Activities    
Net Income (Loss) $ 3,581 $ 2,642
Adjustments    
Depreciation, depletion and amortization 4,288 4,094
Dry hole expense 50 86
Distributions less than income from equity affiliates (639) (513)
Net before-tax losses (gains) on asset retirements and sales (226) 80
Net foreign currency effects (403) 141
Deferred income tax provision 58 73
Net decrease (increase) in operating working capital (1,096) (1,210)
Decrease (increase) in long-term receivables 239 66
Net decrease (increase) in other deferred charges (43) (62)
Cash contributions to employee pension plans (213) (326)
Other (874) (14)
Net Cash Provided by Operating Activities 4,722 5,057
Investing Activities    
Capital expenditures (3,133) (2,953)
Proceeds and deposits related to asset sales and returns of investment 374 294
Net maturities of (investments in) time deposits 0 950
Net sales (purchases) of marketable securities 0 2
Net repayment (borrowing) of loans by equity affiliates (399) (321)
Net Cash Used for Investing Activities (3,158) (2,028)
Financing Activities    
Net borrowings (repayments) of short-term obligations 8,167 936
Proceeds from issuances of long-term debt 0 0
Repayments of long-term debt and other financing obligations (2,809) (2,506)
Cash dividends - common stock (2,402) (2,244)
Distributions to noncontrolling interests (5) (6)
Net sales (purchases) of treasury shares (1,573) (15)
Net Cash Provided by (Used for) Financing Activities 1,378 (3,835)
Effect of Exchange Rate Changes on Cash, Cash Equivalents and Restricted Cash (163) 20
Net Change in Cash, Cash Equivalents and Restricted Cash 2,779 (786)
Cash, Cash Equivalents and Restricted Cash at January 1 6,911 10,481
Cash, Cash Equivalents and Restricted Cash at March 31 $ 9,690 $ 9,695