v3.25.2
Consolidated Statement of Cash Flows - USD ($)
 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Cash Flows From Operating Activities    
Net Income (Loss) $ 4,820,000,000 $ 4,880,000,000
Adjustments to reconcile net income (loss) to net cash provided by operating activities    
Depreciation, depletion and amortization 5,584,000,000 4,545,000,000
Impairments 2,000,000 34,000,000
Dry hole costs and leasehold impairments 85,000,000 48,000,000
Accretion on discounted liabilities 189,000,000 160,000,000
Deferred taxes 78,000,000 211,000,000
Distributions more (less) than income from equity affiliates (112,000,000) 364,000,000
(Gain) loss on dispositions (396,000,000) (88,000,000)
Other (62,000,000) 10,000,000
Working capital adjustments    
Decrease (increase) in accounts and notes receivable 973,000,000 148,000,000
Decrease (increase) in inventories (84,000,000) (57,000,000)
Decrease (increase) in prepaid expenses and other current assets (229,000,000) (147,000,000)
Increase (decrease) in accounts payable (27,000,000) (183,000,000)
Increase (decrease) in taxes and other accruals (1,221,000,000) (21,000,000)
Net Cash Provided by Operating Activities 9,600,000,000 9,904,000,000
Cash Flows From Investing Activities    
Capital expenditures and investments (6,664,000,000) (5,885,000,000)
Working capital changes associated with investing activities 551,000,000 173,000,000
Acquisition of businesses, net of cash acquired 0 49,000,000
Proceeds from asset dispositions 1,341,000,000 178,000,000
Net sales (purchases) of investments (8,000,000) (794,000,000)
Other (27,000,000) (13,000,000)
Net Cash Used in Investing Activities (4,807,000,000) (6,292,000,000)
Cash Flows From Financing Activities    
Repayment of debt (806,000,000) (563,000,000)
Issuance of company common stock (55,000,000) (57,000,000)
Repurchase of company common stock (2,722,000,000) (2,346,000,000)
Dividends paid (1,982,000,000) (1,839,000,000)
Other (55,000,000) (63,000,000)
Net Cash Used in Financing Activities (5,620,000,000) (4,868,000,000)
Effect of Exchange Rate Changes on Cash, Cash Equivalents and Restricted Cash 148,000,000 (69,000,000)
Net Change in Cash, Cash Equivalents and Restricted Cash (679,000,000) (1,325,000,000)
Cash, cash equivalents and restricted cash at beginning of period [1] 5,905,000,000 5,899,000,000
Cash, Cash Equivalents and Restricted Cash at End of Period [1] $ 5,226,000,000 $ 4,574,000,000
[1]
Restricted cash of $325 million and $298 million is included in the "Other assets" line of our Consolidated Balance Sheet at June 30, 2025, and December 31, 2024, respectively.