CONSOLIDATED STATEMENT OF CASH FLOWS (Unaudited) - USD ($) $ in Millions		3 Months Ended
		Mar. 31, 2025	Mar. 31, 2024
Cash flows from operating activities:
Net income		$ 829	$ 1,098
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	[1]	640	600
Deferred taxes		(37)	(30)
Stock-based compensation expense		91	100
Earnings of equity method investments, less dividends received		(10)	(16)
Change in assets and liabilities:
Increase in receivables	[2]	(472)	(429)
Increase in inventories	[2]	(214)	(172)
Decrease in other current assets	[2]	80	46
(Increase) decrease in other assets	[2]	(11)	7
Decrease in accounts payable and accrued liabilities	[2]	(275)	(874)
Decrease in estimated liability for taxes on income	[2]	(56)	(46)
Increase in other liabilities	[2]	27	5
Other	[2]	68	38
NET CASH PROVIDED BY OPERATING ACTIVITIES		660	327
Cash flows from investing activities:
Capital expenditures		(398)	(399)
APS investments		(108)	(121)
Exploration data costs capitalized		(51)	(29)
Business acquisitions and investments, net of cash acquired		(37)	(27)
Sales of short-term investments, net		177	390
Purchase of Blue Chip Swap securities		(75)	(52)
Proceeds from sale of Blue Chip securities		63	34
Other		(3)	53
NET CASH USED IN INVESTING ACTIVITIES		(432)	(151)
Cash flows from financing activities:
Dividends paid		(386)	(357)
Proceeds from employee stock purchase plan		105	100
Proceeds from exercise of stock options		8	15
Taxes paid on net settled stock-based compensation awards		(53)	(78)
Stock repurchase program		(2,300)	(270)
Proceeds from issuance of long-term debt		1,805	345
Net decrease in short-term borrowings		(27)	(9)
Other		(30)	(13)
NET CASH USED IN FINANCING ACTIVITIES		(878)	(267)
Net decrease in cash before translation effect		(650)	(91)
Translation effect on cash		42	(21)
Cash, beginning of period		3,544	2,900
Cash, end of period		$ 2,936	$ 2,788

[1] Includes depreciation of fixed assets and amortization of intangible assets, exploration data costs, and Asset Performance Solutions ("APS") investments.

[2] Net of the effect of business acquisitions.