v3.26.1
Consolidated Condensed Statements of Cash Flows - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
CASH FLOW FROM OPERATING ACTIVITIES    
Net income $ 3,359 $ 945
Adjustments to reconcile net income to net cash provided by operating activities:    
Discontinued operations, net (3,123) (115)
Depreciation, depletion and amortization of assets 1,794 1,804
Deferred income tax provision (benefit) 50 (125)
Asset impairments and other charges 105 0
Losses on sales of assets and other, net 202 19
Other noncash charges to income 864 243
Changes in operating assets and liabilities:    
Increase in trade receivables (1,101) (19)
Increase in inventories (26) 0
Increase in other current assets (285) (3)
Decrease in accounts payable and accrued liabilities (482) (766)
Increase in current domestic and foreign income taxes 35 49
Operating cash flow from continuing operations 1,392 2,032
Operating cash flow from discontinued operations, net of taxes (111) 116
Net cash provided by operating activities 1,281 2,148
CASH FLOW FROM INVESTING ACTIVITIES    
Capital expenditures (1,554) (1,682)
Change in capital accrual (25) 50
Purchases of assets, businesses and equity investments, net (25) (52)
Proceeds from sales of assets, net 57 1,306
Equity investments and other, net (66) (75)
Investing cash flow from continuing operations (1,613) (453)
Investing cash flow from discontinued operations 9,461 (278)
Net cash provided (used) by investing activities 7,848 (731)
CASH FLOW FROM FINANCING ACTIVITIES    
Payments of debt (6,903) (518)
Proceeds from issuance of common stock 95 25
Purchases of treasury stock (56) 0
Cash dividends paid on common and preferred stock (409) (380)
Contributions from noncontrolling interest 50 63
Other financing, net (105) (118)
Financing cash flow from continuing operations (7,328) (928)
Financing cash flow from discontinued operations 0 (4)
Net cash used by financing activities (7,328) (932)
Increase in cash, cash equivalents, restricted cash and restricted cash equivalents 1,801 485
Cash, cash equivalents, restricted cash and restricted cash equivalents — beginning of period 2,046 2,157
Cash, cash equivalents, restricted cash and restricted cash equivalents — end of period $ 3,847 $ 2,642