XML 27 R8.htm IDEA: XBRL DOCUMENT v3.25.0.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Cash Flows from Operating Activities      
Net Income $ 6,403 $ 7,594 $ 7,759
Items Not Requiring (Providing) Cash      
Depreciation, Depletion and Amortization 4,108 3,492 3,542
Impairments 391 202 382
Stock-Based Compensation Expenses 199 177 133
Deferred Income Taxes 467 683 (61)
Gains on Asset Dispositions, Net (16) (95) (74)
Other, Net 17 27 0
Dry Hole Costs 14 1 45
Mark-to-Market Financial Commodity and Other Derivative Contracts      
(Gains) Losses, Net (204) (818) 3,982
Net Cash Received from (Payments for) Settlements of Financial Commodity Derivative Contracts 214 (112) (3,501)
Other, Net 0 (2) 45
Changes in Components of Working Capital and Other Assets and Liabilities      
Accounts Receivable 101 (38) (347)
Inventories 259 (231) (534)
Accounts Payable (36) (119) 90
Accrued Taxes Payable 541 61 (113)
Other Assets 44 39 (364)
Other Liabilities 23 184 (266)
Changes in Components of Working Capital Associated with Investing Activities (382) 295 375
Net Cash Provided by Operating Activities 12,143 11,340 11,093
Investing Cash Flows      
Additions to Oil and Gas Properties (5,353) (5,385) (4,619)
Additions to Other Property, Plant and Equipment (1,019) (800) (381)
Proceeds from Sales of Assets 23 140 349
Other Investing Activities 0 0 (30)
Changes in Components of Working Capital Associated with Investing Activities 382 (295) (375)
Net Cash Used in Investing Activities (5,967) (6,340) (5,056)
Financing Cash Flows      
Long-Term Debt Borrowings 985 0 0
Long-Term Debt Repayments 0 (1,250) 0
Dividends Paid (2,087) (3,386) (5,148)
Treasury Stock Purchased (3,246) (1,038) (118)
Proceeds from Stock Options Exercised and Employee Stock Purchase Plan 22 20 28
Debt Issuance Costs (2) (8) 0
Repayment of Finance Lease Liabilities (33) (32) (35)
Net Cash Used in Financing Activities (4,361) (5,694) (5,273)
Effect of Exchange Rate Changes on Cash (1) 0 (1)
Increase (Decrease) in Cash and Cash Equivalents 1,814 (694) 763
Cash and Cash Equivalents at Beginning of Year 5,278 5,972 5,209
Cash and Cash Equivalents at End of Year $ 7,092 $ 5,278 $ 5,972