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Consolidated Condensed Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
CASH FLOW FROM OPERATING ACTIVITIES    
Net income $ 1,263 $ 4,876
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, depletion and amortization of assets 1,721 1,643
Deferred income tax provision (benefit) 17 (2,240)
Gains on sales of assets, net (4) (135)
Noncash charges to income and other 156 34
Changes in operating assets and liabilities:    
Decrease (increase) in receivables 1,010 (1,238)
(Increase) decrease in inventories (248) 439
Increase in other current assets (122) (158)
Decrease in accounts payable and accrued liabilities (1,174) (187)
Increase in current domestic and foreign income taxes 251 205
Net cash provided by operating activities 2,870 3,239
CASH FLOW FROM INVESTING ACTIVITIES    
Capital expenditures (1,461) (858)
Change in capital accrual (20) (39)
Purchases of businesses and assets, net (151) (29)
Proceeds from sales of assets, net 54 267
Equity investments and other, net (20) (3)
Net cash used by investing activities (1,598) (662)
CASH FLOW FROM FINANCING ACTIVITIES    
Payments of long-term debt (22) (3,259)
Proceeds from issuance of common stock 30 27
Purchases of treasury stock (732) (36)
Cash dividends paid on common and preferred stock (320) (216)
Financing portion of net cash received for derivative instruments 0 79
Other financing, net (36) (24)
Net cash used by financing activities (1,080) (3,429)
Increase (decrease) in cash, cash equivalents, restricted cash and restricted cash equivalents 192 (852)
Cash, cash equivalents, restricted cash and restricted cash equivalents — beginning of period 1,026 2,803
Cash, cash equivalents, restricted cash and restricted cash equivalents — end of period $ 1,218 $ 1,951