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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Cash Flows from Operating Activities    
Net Income $ 5,152 $ 5,606
Items Not Requiring (Providing) Cash    
Depreciation, Depletion and Amortization 3,089 2,562
Impairments 115 123
Stock-Based Compensation Expenses 148 126
Deferred Income Taxes 547 484
Gains on Asset Dispositions, Net (39) (95)
Other, Net 14 5
Dry Hole Costs 6 1
Mark-to-Market Financial Commodity and Other Derivative Contracts    
Gains, Net (269) (520)
Net Cash Received from (Payments for) Settlements of Financial Commodity Derivative Contracts 195 (130)
Other, Net 0 (2)
Changes in Components of Working Capital and Other Assets and Liabilities    
Accounts Receivable 200 (239)
Inventories 222 (331)
Accounts Payable (188) (70)
Accrued Taxes Payable 390 200
Other Assets 78 3
Other Liabilities 17 200
Changes in Components of Working Capital Associated with Investing Activities (297) 313
Net Cash Provided by Operating Activities 9,380 8,236
Investing Cash Flows    
Additions to Oil and Gas Properties (4,105) (4,025)
Additions to Other Property, Plant and Equipment (902) (638)
Proceeds from Sales of Assets 19 135
Changes in Components of Working Capital Associated with Investing Activities 297 (313)
Net Cash Used in Investing Activities (4,691) (4,841)
Financing Cash Flows    
Long-Term Debt Repayments 0 (1,250)
Dividends Paid (1,578) (2,041)
Treasury Stock Purchased (2,253) (728)
Proceeds from Stock Options Exercised and Employee Stock Purchase Plan 11 10
Debt Issuance Costs 0 (8)
Repayment of Finance Lease Liabilities (25) (24)
Net Cash Used in Financing Activities (3,845) (4,041)
Effect of Exchange Rate Changes on Cash 0 0
Increase (Decrease) in Cash and Cash Equivalents 844 (646)
Cash and Cash Equivalents at Beginning of Period 5,278 5,972
Cash and Cash Equivalents at End of Period $ 6,122 $ 5,326