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CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
CASH FLOW FROM OPERATING ACTIVITIES    
Net income $ 11,377 $ 785
Adjustments to reconcile net income to net cash provided by operating activities:    
Discontinued operations, net 0 444
Depreciation, depletion and amortization of assets 5,107 6,481
Deferred income tax benefit (1,765) (192)
Asset impairments and other charges 0 173
Gain on sales of assets, net (232) (119)
Other noncash reconciling items (461) 240
Changes in operating assets and liabilities:    
(Increase) decrease in receivables 138 (1,366)
(Increase) decrease in inventories (96) 92
Increase in other current assets (313) (172)
Increase (decrease) in accounts payable and accrued liabilities (815) 593
Increase (decrease) in current domestic and foreign income taxes (105) 63
Operating cash flow from continuing operations 12,835 7,022
Operating cash flow from discontinued operations, net of taxes 0 320
Net cash provided by operating activities 12,835 7,342
CASH FLOW FROM INVESTING ACTIVITIES    
Capital expenditures (2,977) (1,933)
Change in capital accrual 2 (83)
Purchases of businesses and assets, net (466) (122)
Proceeds from sales of assets, net 562 1,005
Equity investments and other, net (95) (21)
Investing cash flow from continuing operations (2,974) (1,154)
Investing cash flow from discontinued operations 0 (48)
Net cash used by investing activities (2,974) (1,202)
CASH FLOW FROM FINANCING ACTIVITIES    
Draws on receivables securitization facility 400 0
Payment of receivables securitization facility (400) 0
Payments of long-term debt (8,325) (4,555)
Proceeds from issuance of common stock 291 24
Purchases of treasury stock (2,467) 0
Cash dividends paid on common and preferred stock (863) (630)
Financing portion of net cash received (paid) for derivative instruments 61 (824)
Other financing, net (82) (48)
Financing cash flow from continuing operations (11,385) (6,033)
Financing cash flow from discontinued operations 0 (7)
Net cash used by financing activities (11,385) (6,040)
Increase (decrease) in cash, cash equivalents, restricted cash and restricted cash equivalents (1,524) 100
Cash, cash equivalents, restricted cash and restricted cash equivalents — beginning of period 2,803 2,194
Cash, cash equivalents, restricted cash and restricted cash equivalents — end of period $ 1,279 $ 2,294