v3.26.3
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2026
Mar. 31, 2026
Sep. 30, 2025
Mar. 31, 2025
Sep. 30, 2026
Sep. 30, 2025
Dec. 31, 2025
Cash flows from operating activities:              
Net income (loss) $ 419 $ 464 $ 20 $ 203 $ 1,421 $ 703  
Adjustments to reconcile net income (loss) to net cash flows from operating activities:              
Depreciation, depletion, and amortization 296   285   887 846  
Impairments and other charges [1] 107   392   12 748  
Changes in assets and liabilities:              
Receivables         (610) (13)  
Inventories         (309) (38)  
Accounts payable         402 (60)  
Other operating activities         (338) (425)  
Total cash flows provided by operating activities         1,465 1,761  
Cash flows from investing activities:              
Capital expenditures         (693) (917)  
Purchases of investment securities         (111) (128)  
Payments to acquire businesses, net of cash acquired         (107) (175)  
Purchases of equity investments         (101) (343)  
Proceeds from sales of property, plant, and equipment         175 138  
Sales of investment securities         65 228  
Sale of an equity investment         50 120  
Other investing activities         (48) (49)  
Total cash flows used in investing activities         (770) (1,126)  
Cash flows from financing activities:              
Payments for Repurchase of Common Stock         (558) (757)  
Dividends to shareholders         (426) (436)  
Other financing activities         (52) (23)  
Total cash flows used in financing activities         (1,036) (1,216)  
Effect of exchange rate changes on cash         (22) (11)  
Decrease in cash and cash equivalents         (363) (592)  
Cash and equivalents at beginning of period   $ 2,206   $ 2,618 2,206 2,618 $ 2,618
Cash and equivalents at end of period $ 1,843   $ 2,026   1,843 2,026 $ 2,206
Cash payments during the period for:              
Interest         314 330  
Income taxes         $ 352 $ 518  
Maximum Percentage Gross Trade Receivables From One Customer 10.00%       10.00%   10.00%
[1]
For the three months ended September 30, 2026, the amount included a $38 million charge attributable to Completion and Production, a
$54 million charge attributable to Drilling and Evaluation, and a $15 million charge attributable to Corporate and other. For the nine months
ended September 30, 2026, the amount included a $45 million credit attributable to Completion and Production, a $38 million charge attributable
to Drilling and Evaluation, and a $19 million charge attributable to Corporate and other. For the three months ended September 30, 2025, the
amount included a $252 million charge attributable to Completion and Production and a $140 million charge attributable to Drilling and
Evaluation. For the nine months ended September 30, 2025, the amount included a $453 million charge attributable to Completion and
Production, a $225 million charge attributable to Drilling and Evaluation, and a $70 million charge attributable to Corporate and other. See Notes
to Condensed Consolidated Financial Statements, Note 2 for further discussion on impairments and other charges.