v3.25.2
Consolidated Condensed Statements of Cash Flows - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
CASH FLOW FROM OPERATING ACTIVITIES    
Net income $ 1,413 $ 2,058
Adjustments to reconcile net income to net cash provided by operating activities:    
Discontinued operations, net 0 (182)
Depreciation, depletion and amortization of assets 3,853 3,468
Deferred income tax benefit (146) (135)
Loss (gain) on sales of assets and other, net 21 (27)
Other noncash charges to income 502 308
Changes in operating assets and liabilities:    
(Increase) decrease in trade receivables 55 (702)
(Increase) decrease in inventories 243 (787)
Decrease in other current assets 27 146
Increase (decrease) in accounts payable and accrued liabilities (622) 47
Increase (decrease) in current domestic and foreign income taxes (238) 207
Net cash provided by operating activities 5,108 4,401
CASH FLOW FROM INVESTING ACTIVITIES    
Capital expenditures (3,906) (3,554)
Change in capital accrual (7) (24)
Purchases of assets, businesses and equity investments, net (108) (187)
Proceeds from sales of assets, net 1,450 148
Equity investments and other, net (159) (64)
Net cash used by investing activities (2,730) (3,681)
CASH FLOW FROM FINANCING ACTIVITIES    
Payments of long-term debt, net (2,280) 0
Proceeds from issuance of common stock 931 504
Purchases of treasury stock 0 (9)
Cash dividends paid on common and preferred stock (778) (698)
Contributions from noncontrolling interest 114 99
Other financing, net (162) (185)
Net cash used by financing activities (2,175) (289)
Increase in cash, cash equivalents, restricted cash and restricted cash equivalents 203 431
Cash, cash equivalents, restricted cash and restricted cash equivalents — beginning of period 2,157 1,464
Cash, cash equivalents, restricted cash and restricted cash equivalents — end of period $ 2,360 $ 1,895