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Consolidated Statement of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Operating Activities      
Net Income (Loss) $ 21,411 $ 35,608 $ 15,689
Adjustments      
Depreciation, depletion and amortization 17,326 16,319 17,925
Dry hole expense 436 486 118
Distributions more (less) than income from equity affiliates (885) (4,730) (1,998)
Net before-tax gains on asset retirements and sales (138) (550) (1,021)
Net foreign currency effects 578 (412) (7)
Deferred income tax provision 298 2,124 700
Net decrease (increase) in operating working capital (3,185) 2,125 (1,361)
Decrease (increase) in long-term receivables 150 153 21
Net decrease (increase) in other deferred charges (300) (212) (320)
Cash contributions to employee pension plans (1,120) (1,322) (1,751)
Other 1,038 13 1,192
Net Cash Provided by Operating Activities 35,609 49,602 29,187
Investing Activities      
Acquisition of businesses, net of cash received 55 (2,862) 0
Capital expenditures (15,829) (11,974) (8,056)
Proceeds and deposits related to asset sales and returns of investment 669 2,635 1,791
Net sales (purchases) of marketable securities 175 117 (1)
Net repayment (borrowing) of loans by equity affiliates (302) (24) 401
Net Cash Used for Investing Activities (15,232) (12,108) (5,865)
Financing Activities      
Net borrowings (repayments) of short-term obligations 135 263 (5,572)
Proceeds from issuances of long-term debt 150 0 0
Repayments of long-term debt and other financing obligations (4,340) (8,742) (7,364)
Cash dividends - common stock (11,336) (10,968) (10,179)
Net contributions from (distributions to) noncontrolling interests (40) (114) (36)
Net sales (purchases) of treasury shares (14,678) (5,417) 38
Net Cash Provided by (Used for) Financing Activities (30,109) (24,978) (23,113)
Effect of Exchange Rate Changes on Cash, Cash Equivalents and Restricted Cash (114) (190) (151)
Net Change in Cash, Cash Equivalents and Restricted Cash (9,846) 12,326 58
Cash, cash equivalents, and restricted cash beginning balance 19,121 6,795 6,737
Cash, cash equivalents, and restricted cash ending balance $ 9,275 $ 19,121 $ 6,795