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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash Flows from Operating Activities    
Net Income $ 2,628 $ 1,584
Items Not Requiring (Providing) Cash    
Depreciation, Depletion and Amortization 1,758 1,814
Impairments 146 88
Stock-Based Compensation Expenses 65 66
Deferred Income Taxes (567) (133)
Gains on Asset Dispositions, Net (122) (45)
Other, Net (10) 13
Dry Hole Costs 23 24
Mark-to-Market Financial Commodity Derivative Contracts    
Total Losses 4,197 794
Net Cash Payments for Settlements of Financial Commodity Derivative Contracts (2,410) (223)
Other, Net 21 1
Changes in Components of Working Capital and Other Assets and Liabilities    
Accounts Receivable (1,400) (494)
Inventories (171) 101
Accounts Payable 389 183
Accrued Taxes Payable 77 80
Other Assets (142) (222)
Other Liabilities (1,817) (57)
Changes in Components of Working Capital Associated with Investing Activities 211 (145)
Net Cash Provided by Operating Activities 2,876 3,429
Investing Cash Flows    
Additions to Oil and Gas Properties (2,288) (1,843)
Additions to Other Property, Plant and Equipment (145) (97)
Proceeds from Sales of Assets 231 146
Other Investing Activities (30) 0
Changes in Components of Working Capital Associated with Investing Activities (211) 145
Net Cash Used in Investing Activities (2,443) (1,649)
Financing Cash Flows    
Long-Term Debt Repayments 0 (750)
Dividends Paid (2,509) (458)
Treasury Stock Purchased (58) (12)
Proceeds from Stock Options Exercised and Employee Stock Purchase Plan 17 9
Repayment of Finance Lease Liabilities (19) (18)
Net Cash Used in Financing Activities (2,569) (1,229)
Effect of Exchange Rate Changes on Cash 0 0
Increase (Decrease) in Cash and Cash Equivalents (2,136) 551
Cash and Cash Equivalents at Beginning of Period 5,209 3,329
Cash and Cash Equivalents at End of Period $ 3,073 $ 3,880