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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Cash Flows from Operating Activities    
Net Income $ 4,279 $ 5,152
Items Not Requiring (Providing) Cash    
Depreciation, Depletion and Amortization 3,235 3,089
Impairments 154 115
Stock-Based Compensation Expenses 156 148
Deferred Income Taxes 427 547
(Gains) Losses on Asset Dispositions, Net 19 (39)
Other, Net 24 14
Dry Hole Costs 45 6
Mark-to-Market Financial Commodity and Other Derivative Contracts    
Gains, Net (32) (269)
Net Cash Received from (Payments for) Settlements of Financial Commodity Derivative Contracts (35) 195
Changes in Components of Working Capital and Other Assets and Liabilities    
Accounts Receivable 303 200
Inventories 35 222
Accounts Payable (231) (188)
Accrued Taxes Payable (632) 390
Other Assets (114) 78
Other Liabilities 7 17
Changes in Components of Working Capital Associated with Investing Activities (208) (297)
Net Cash Provided by Operating Activities 7,432 9,380
Investing Cash Flows    
Acquisition of Encino Acquisition Partners, LLC, Net of Cash Acquired (4,464) 0
Additions to Oil and Gas Properties (4,572) (4,105)
Additions to Other Property, Plant and Equipment (367) (902)
Proceeds from Sales of Assets 21 19
Changes in Components of Working Capital Associated with Investing Activities 208 297
Net Cash Used in Investing Activities (9,174) (4,691)
Financing Cash Flows    
Long-Term Debt Borrowings 3,472 0
Long-Term Debt Repayments (1,766) 0
Dividends Paid (1,611) (1,578)
Treasury Stock Purchased (1,887) (2,253)
Proceeds from Stock Options Exercised and Employee Stock Purchase Plan 11 11
Debt Issuance and Other Financing Costs (14) 0
Repayment of Finance Lease Liabilities (25) (25)
Net Cash Used in Financing Activities (1,820) (3,845)
Effect of Exchange Rate Changes on Cash 0 0
Increase (Decrease) in Cash and Cash Equivalents (3,562) 844
Cash and Cash Equivalents at Beginning of Period 7,092 5,278
Cash and Cash Equivalents at End of Period $ 3,530 $ 6,122