v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Cash Flows from Operating Activities    
Net Income $ 1,980 $ 1,463
Items Not Requiring (Providing) Cash    
Depreciation, Depletion and Amortization 1,193 1,013
Impairments 39 44
Stock-Based Compensation Expenses 58 50
Deferred Income Taxes 18 44
(Gains) Losses on Asset Dispositions, Net (31) 1
Other, Net 15 11
Dry Hole Costs 23 34
Mark-to-Market Financial Commodity and Other Derivative Contracts    
(Gains) Losses, Net (113) 191
Net Cash Payments for Settlements of Commodity Derivative Contracts (53) (38)
Changes in Components of Working Capital and Other Assets and Liabilities    
Accounts Receivable (907) 48
Inventories 21 76
Accounts Payable 279 (129)
Accrued Taxes Payable 467 (339)
Other Assets 55 (43)
Other Liabilities (123) (96)
Changes in Components of Working Capital Associated with Investing Activities 45 (41)
Net Cash Provided by Operating Activities 2,966 2,289
Investing Cash Flows    
Additions to Oil and Gas Properties (1,491) (1,381)
Additions to Other Property, Plant and Equipment (153) (102)
Proceeds from Sales of Assets 144 12
Changes in Components of Working Capital Associated with Investing Activities (45) 41
Net Cash Used in Investing Activities (1,545) (1,430)
Financing Cash Flows    
Dividends Paid (544) (538)
Treasury Stock Purchased (418) (806)
Proceeds from Stock Options Exercised and Employee Stock Purchase Plan 1 0
Repayment of Finance Lease Liabilities (7) (8)
Net Cash Used in Financing Activities (968) (1,352)
Increase (Decrease) in Cash and Cash Equivalents 453 (493)
Cash and Cash Equivalents at Beginning of Period 3,396 7,092
Cash and Cash Equivalents at End of Period $ 3,849 $ 6,599