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Consolidated Statements Of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Cash flows from operating activities:    
Net earnings $ 609 $ 1,003
Adjustments to reconcile net earnings to net cash from operating activities:    
Depreciation, depletion and amortization 722 615
Amortization of liabilities 0 (7)
Total (gains) losses on commodity derivatives 145 (64)
Cash settlements on commodity derivatives 24 13
Gains on asset dispositions 1 0
Deferred income tax expense 40 80
Share-based compensation 24 23
Other 3 2
Changes in assets and liabilities, net 170 12
Net cash from operating activities 1,738 1,677 Close
Cash flows from investing activities:    
Capital expenditures (894) (1,012)
Acquisitions of property and equipment (8) (13)
Divestitures of property and equipment 17 21
Distributions from investments 11 8
Contributions to investments and other (47) (37)
Net cash from investing activities (921) (1,033) Close
Cash flows from financing activities:    
Repurchases of common stock (205) (517)
Dividends paid on common stock (299) (596)
Contributions from noncontrolling interests 12 0
Distributions to noncontrolling interests (7) (11)
Shares exchanged for tax withholdings and other (42) (87)
Net cash from financing activities (541) (1,211) Close
Effect of exchange rate changes on cash (2) 0 Close
Net change in cash, cash equivalents and restricted cash 274 (567) Close
Cash, cash equivalents and restricted cash at beginning of period 875 1,454
Cash, cash equivalents and restricted cash at end of period 1,149 887
Reconciliation of cash, cash equivalents and restricted cash:    
Cash and cash equivalents 1,126 761
Restricted cash 23 126
Total cash, cash equivalents and restricted cash $ 1,149 $ 887