v3.26.1
Condensed Consolidated Statement of Cash Flows (unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Operating Activities    
Net earnings (loss) $ (630) $ (159)
Depreciation, depletion and amortization 561 545
Impairments 1,485 730
Accretion of asset retirement obligation 7 6
Deferred income taxes (210) (77)
Unrealized (gain) loss on risk management 53 46
Unrealized foreign exchange (gain) loss (1) (45)
Foreign exchange (gain) loss on settlements (1) (42)
Other (25) 0
Net change in other assets and liabilities (14) (11)
Net change in non-cash working capital (169) (120)
Cash From (Used in) Operating Activities 1,056 873
Investing Activities    
Capital expenditures (605) (617)
Acquisitions (7) (2,310)
Corporate acquisition, net of cash acquired (1,192) 0
Proceeds from divestitures 7 1,884
Net change in investments and other 59 148
Cash From (Used in) Investing Activities (1,738) (895)
Financing Activities    
Net issuance (repayment) of revolving debt 297 85
Issuance of debt under the Term Credit Agreement 1,151 0
Repayment of long-term debt (459) 0
Purchase of shares of common stock (84) 0
Dividends on shares of common stock (85) (78)
Other (148) (19)
Cash From (Used in) Financing Activities 672 (12)
Foreign Exchange Gain (Loss) on Cash, Cash Equivalents and Restricted Cash Held in Foreign Currency 1 (0)
Increase (Decrease) in Cash, Cash Equivalents and Restricted Cash (9) (34)
Cash, Cash Equivalents and Restricted Cash, Beginning of Year 35 42
Cash, Cash Equivalents and Restricted Cash, End of Period 26 8
Cash, End of Period 23 7
Cash Equivalents, End of Period 3 1
Restricted Cash, End of Period $ 0 $ 0