v3.26.1
Consolidated Condensed Statements of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
CASH FLOW FROM OPERATING ACTIVITIES    
Net income $ 6,355 $ 1,413
Adjustments to reconcile net income to net cash provided by operating activities:    
Discontinued operations, net (3,119) (245)
Depreciation, depletion and amortization of assets 3,641 3,627
Deferred income tax provision (benefit) 757 (137)
Asset impairments and other charges 105 0
Losses on sales of assets and other, net 22 24
Other noncash charges to income 100 497
Changes in operating assets and liabilities:    
(Increase) decrease in trade receivables (566) 121
(Increase) decrease in inventories (334) 286
(Increase) decrease in joint interest receivables and other current assets (172) 26
Decrease in accounts payable and accrued liabilities (314) (658)
Increase (decrease) in current domestic and foreign income taxes 3 (193)
Operating cash flow from continuing operations 6,478 4,761
Operating cash flow from discontinued operations, net of taxes (926) 347
Net cash provided by operating activities 5,552 5,108
CASH FLOW FROM INVESTING ACTIVITIES    
Capital expenditures (3,143) (3,387)
Change in capital accrual (65) 26
Purchases of assets, businesses and equity investments, net (94) (108)
Proceeds from sales of assets, net 71 1,450
Equity investments and other, net (164) (149)
Investing cash flow from continuing operations (3,395) (2,168)
Investing cash flow from discontinued operations 9,461 (562)
Net cash provided (used) by investing activities 6,066 (2,730)
CASH FLOW FROM FINANCING ACTIVITIES    
Payments of debt (8,695) (2,280)
Cash dividends paid on common and preferred stock (839) (778)
Proceeds from issuance of common stock 295 931
Purchases of treasury stock (117) 0
Contributions from noncontrolling interest, net 38 114
Other financing, net (158) (158)
Financing cash flow from continuing operations (9,476) (2,171)
Financing cash flow from discontinued operations 0 (4)
Net cash used by financing activities (9,476) (2,175)
Increase in cash, cash equivalents, restricted cash and restricted cash equivalents 2,142 203
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 $ 4,188 $ 2,360