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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash Flows from Operating Activities    
Net Income $ 4,704 $ 2,808
Items Not Requiring (Providing) Cash    
Depreciation, Depletion and Amortization 2,452 2,066
Impairments 58 83
Stock-Based Compensation Expenses 118 103
Deferred Income Taxes 364 149
(Gains) Losses on Asset Dispositions, Net (89) 1
Other, Net 17 22
Dry Hole Costs 53 45
Mark-to-Market Financial Commodity and Other Derivative Contracts    
(Gains) Losses, Net (153) 84
Net Cash Payments for Settlements of Financial Commodity Derivative Contracts (8) (62)
Other, Net (1) 0
Changes in Components of Working Capital and Other Assets and Liabilities    
Accounts Receivable (847) 170
Inventories 47 31
Accounts Payable 455 (236)
Accrued Taxes Payable 398 (660)
Other Assets 102 (86)
Other Liabilities (86) (148)
Changes in Components of Working Capital Associated with Investing Activities 51 (49)
Net Cash Provided by Operating Activities 7,635 4,321
Investing Cash Flows    
Additions to Oil and Gas Properties (3,129) (3,080)
Additions to Other Property, Plant and Equipment (297) (196)
Proceeds from Sales of Assets 151 16
Changes in Components of Working Capital Associated with Investing Activities (51) 49
Net Cash Used in Investing Activities (3,326) (3,211)
Financing Cash Flows    
Long-Term Debt Repayments 0 (500)
Dividends Paid (1,084) (1,066)
Treasury Stock Purchased (1,717) (1,408)
Proceeds from Stock Options Exercised and Employee Stock Purchase Plan 16 11
Debt Issuance and Other Financing Costs 0 (7)
Repayment of Finance Lease Liabilities (13) (17)
Net Cash Used in Financing Activities (2,798) (2,987)
Effect of Exchange Rate Changes on Cash 0 1
Increase (Decrease) in Cash and Cash Equivalents 1,511 (1,876)
Cash and Cash Equivalents at Beginning of Period 3,396 7,092
Cash and Cash Equivalents at End of Period $ 4,907 $ 5,216