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CONSOLIDATED STATEMENT OF CASH FLOWS (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Operating Activities    
Net Income (Loss) $ 1,398 $ 3,581
Adjustments    
Depreciation, depletion and amortization 4,286 4,288
Dry hole expense 4 50
Distributions more (less) than income from equity affiliates (491) (639)
Net before-tax losses (gains) on asset retirements and sales (56) (226)
Net foreign currency effects 111 (403)
Deferred income tax provision (254) 58
Net decrease (increase) in operating working capital (902) (1,096)
Decrease (increase) in long-term receivables 15 239
Net decrease (increase) in other deferred charges (31) (43)
Cash contributions to employee pension plans (331) (213)
Other 447 (874)
Net Cash Provided by Operating Activities 4,196 4,722
Investing Activities    
Capital expenditures (1,746) (3,133)
Proceeds and deposits related to asset sales and returns of investment 158 374
Net sales (purchases) of marketable securities 0 0
Net repayment (borrowing) of loans by equity affiliates 25 (399)
Net Cash Used for Investing Activities (1,563) (3,158)
Financing Activities    
Net borrowings (repayments) of short-term obligations 1,237 8,167
Proceeds from issuances of long-term debt 0 0
Repayments of long-term debt and other financing obligations (78) (2,809)
Cash dividends - common stock (2,468) (2,402)
Distributions to noncontrolling interests (11) (5)
Net sales (purchases) of treasury shares 267 (1,573)
Net Cash Provided by (Used for) Financing Activities (1,053) 1,378
Effect of Exchange Rate Changes on Cash, Cash Equivalents and Restricted Cash (53) (163)
Net Change in Cash, Cash Equivalents and Restricted Cash 1,527 2,779
Cash, Cash Equivalents and Restricted Cash at January 1 6,737 6,911
Cash, Cash Equivalents and Restricted Cash at March 31 $ 8,264 $ 9,690