v3.26.1
Consolidated Statements Of Cash Flows (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Cash flows from operating activities:    
Net earnings $ 120 $ 509
Adjustments to reconcile net earnings to net cash from operating activities:    
Depreciation, depletion and amortization 904 912
Asset impairments 0 254
Leasehold impairments 3 5
Accretion of liabilities 4 6
Total losses on commodity derivatives 701 98
Cash settlements on commodity derivatives (57) (10)
Losses on asset dispositions 1 2
Deferred income tax expense 234 41
Share-based compensation 22 30
Other 22 (22)
Changes in assets and liabilities, net (299) 117
Net cash from operating activities 1,655 1,942
Cash flows from investing activities:    
Capital expenditures (839) (934)
Acquisitions of property and equipment (190) (8)
Divestitures of property and equipment 2 133
Distributions from investments 9 9
Contributions to investments and other (2) (2)
Net cash from investing activities (1,020) (802)
Cash flows from financing activities:    
Repurchases of common stock (69) (301)
Dividends paid on common stock (155) (163)
Contributions from noncontrolling interests 0 14
Distributions to noncontrolling interests 0 (9)
Repayment of finance lease (3) (274)
Shares exchanged for tax withholdings and other (27) (19)
Net cash from financing activities (254) (752)
Net change in cash, cash equivalents and restricted cash 381 388
Cash, cash equivalents and restricted cash at beginning of period 1,434 846
Cash, cash equivalents and restricted cash at end of period 1,815 1,234
Reconciliation of cash, cash equivalents and restricted cash:    
Cash and cash equivalents 1,763 1,198
Restricted cash 52 36
Total cash, cash equivalents and restricted cash $ 1,815 $ 1,234