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CONSOLIDATED STATEMENT OF CASH FLOWS (Unaudited) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Operating Activities    
Net Income (Loss) $ 12,613 $ 17,992
Adjustments    
Depreciation, depletion and amortization 7,047 7,354
Dry hole expense 143 234
Distributions more (less) than income from equity affiliates (1,352) (3,166)
Net before-tax losses (gains) on asset retirements and sales 2 (466)
Net foreign currency effects 103 (225)
Deferred income tax provision 1,461 1,341
Net decrease (increase) in operating working capital (4,948) (405)
Decrease (increase) in long-term receivables 133 52
Net decrease (increase) in other deferred charges (301) (119)
Cash contributions to employee pension plans (563) (775)
Other (836) 20
Net Cash Provided by Operating Activities 13,502 21,837
Investing Activities    
Acquisition of businesses, net of cash received 0 (2,862)
Capital expenditures (6,795) (5,144)
Proceeds and deposits related to asset sales and returns of investment 324 2,349
Net sales (purchases) of marketable securities (91) (1)
Net repayment (borrowing) of loans by equity affiliates (189) 29
Net Cash Used for Investing Activities (6,751) (5,629)
Financing Activities    
Net borrowings (repayments) of short-term obligations (104) 36
Proceeds from issuances of long-term debt 150 0
Repayments of long-term debt and other financing obligations (1,742) (5,689)
Cash dividends - common stock (5,675) (5,512)
Net contributions from (distributions to) noncontrolling interests (3) (36)
Net sales (purchases) of treasury shares (7,947) 1,697
Net Cash Provided by (Used for) Financing Activities (15,321) (9,504)
Effect of Exchange Rate Changes on Cash, Cash Equivalents and Restricted Cash (151) (143)
Net Change in Cash, Cash Equivalents and Restricted Cash (8,721) 6,561
Cash, Cash Equivalents and Restricted Cash at January 1 19,121 6,795
Cash, Cash Equivalents and Restricted Cash at June 30 $ 10,400 $ 13,356