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CONSOLIDATED STATEMENT OF CASH FLOWS (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Operating Activities    
Net Income (Loss) $ 6,277 $ 1,398
Adjustments    
Depreciation, depletion and amortization 3,654 4,286
Dry hole expense 135 4
Distributions more (less) than income from equity affiliates (1,441) (491)
Net before-tax losses (gains) on asset retirements and sales (99) (56)
Net foreign currency effects 248 111
Deferred income tax provision 626 (254)
Net decrease (increase) in operating working capital (937) (902)
Decrease (increase) in long-term receivables 86 15
Net decrease (increase) in other deferred charges (56) (31)
Cash contributions to employee pension plans (463) (331)
Other 25 447
Net Cash Provided by Operating Activities 8,055 4,196
Investing Activities    
Capital expenditures (1,960) (1,746)
Proceeds and deposits related to asset sales and returns of investment 1,283 158
Net sales (purchases) of marketable securities 0 0
Net repayment (borrowing) of loans by equity affiliates 12 25
Net Cash Used for Investing Activities (665) (1,563)
Financing Activities    
Net borrowings (repayments) of short-term obligations 61 1,237
Repayments of long-term debt and other financing obligations (2,062) (78)
Cash dividends - common stock (2,746) (2,468)
Net contributions from (distributions to) noncontrolling interests (5) (11)
Net sales (purchases) of treasury shares 3,386 267
Net Cash Provided by (Used for) Financing Activities (1,366) (1,053)
Effect of Exchange Rate Changes on Cash, Cash Equivalents and Restricted Cash (13) (53)
Net Change in Cash, Cash Equivalents and Restricted Cash 6,011 1,527
Cash, Cash Equivalents and Restricted Cash at January 1 6,795 6,737
Cash, Cash Equivalents and Restricted Cash at March 31 $ 12,806 $ 8,264