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CONSOLIDATED STATEMENT OF CASH FLOW - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
CASH FLOW FROM OPERATING ACTIVITIES      
Consolidated net income $ 16,031 $ 21,510 $ 21,044
Depreciation, depletion, amortization and impairment 13,107 13,818 13,680
Non-current liabilities, valuation allowances, and deferred taxes 190 813 4,594
(Gains) losses on disposals of assets (1,497) (3,452) 369
Undistributed affiliates' equity earnings 124 649 6,057
(Increase) decrease in working capital 2,364 6,091 1,191
Other changes, net 535 1,250 432
Cash flow from operating activities 30,854 40,679 47,367
CASH FLOW USED IN INVESTING ACTIVITIES      
Intangible assets and property, plant and equipment additions (14,909) (17,722) (15,690)
Acquisitions of subsidiaries, net of cash acquired (2,439) (1,772) (94)
Investments in equity affiliates and other securities (2,127) (3,477) (3,042)
Increase in non-current loans (2,275) (1,889) (976)
Total expenditures (21,750) (24,860) (19,802)
Proceeds from disposals of intangible assets and property, plant and equipment 727 3,789 540
Proceeds from disposals of subsidiaries, net of cash sold 2,167 3,561 835
Proceeds from disposals of non-current investments 347 490 577
Repayment of non-current loans 1,177 566 2,734
Total divestments 4,418 8,406 4,686
Cash flow used in investing activities (17,332) (16,454) (15,116)
CASH FLOW FROM FINANCING ACTIVITIES      
Issuance (repayment) of shares: Parent company shareholders 521 383 370
Issuance (repayment) of shares: Treasury shares (7,995) (9,167) (7,711)
Dividends paid: Parent company shareholders (7,717) (7,517) (9,986)
Dividends paid: Non-controlling interests (322) (311) (536)
Net issuance of perpetual subordinated notes (457) (1,081)  
Payments on perpetual subordinated notes (314) (314) (339)
Other transactions with non-controlling interests (67) (126) (49)
Net issuance (repayment) of non-current debt 7,532 130 1,108
Increase (decrease) in current borrowings (5,142) (14,289) (6,073)
Increase (decrease) in current financial assets and liabilities (464) 2,562 3,944
Cash flow from / (used in) financing activities (14,425) (29,730) (19,272)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS (903) (5,505) 12,979
Effect of exchange rates (516) (258) (1,295)
Cash and cash equivalents at the beginning of the period 27,263 33,026 21,342
CASH AND CASH EQUIVALENTS AT THE END OF THE PERIOD $ 25,844 $ 27,263 $ 33,026