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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Cash Flows from Operating Activities    
Net Income $ 3,479 $ 3,576
Items Not Requiring (Providing) Cash    
Depreciation, Depletion and Amortization 2,058 1,664
Impairments 100 69
Stock-Based Compensation Expenses 90 69
Deferred Income Taxes 327 428
Gains on Asset Dispositions, Net (46) (60)
Other, Net 12 6
Dry Hole Costs 6 1
Mark-to-Market Financial Commodity and Other Derivative Contracts    
Gains, Net (190) (477)
Net Cash Received from (Payments for) Settlements of Financial Commodity Derivative Contracts 134 (153)
Other, Net 0 (1)
Changes in Components of Working Capital and Other Assets and Liabilities    
Accounts Receivable 91 475
Inventories 192 (303)
Accounts Payable (29) (308)
Accrued Taxes Payable 134 20
Other Assets (119) 95
Other Liabilities (91) 146
Changes in Components of Working Capital Associated with Investing Activities (356) 285
Net Cash Provided by Operating Activities 5,792 5,532 Close
Investing Cash Flows    
Additions to Oil and Gas Properties (2,842) (2,646)
Additions to Other Property, Plant and Equipment (663) (499)
Proceeds from Sales of Assets 19 121
Changes in Components of Working Capital Associated with Investing Activities 356 (285)
Net Cash Used in Investing Activities (3,130) (3,309) Close
Financing Cash Flows    
Long-Term Debt Repayments 0 (1,250)
Dividends Paid (1,045) (1,547)
Treasury Stock Purchased (1,458) (619)
Proceeds from Stock Options Exercised and Employee Stock Purchase Plan 11 9
Debt Issuance Costs 0 (8)
Repayment of Finance Lease Liabilities (17) (16)
Net Cash Used in Financing Activities (2,509) (3,431) Close
Effect of Exchange Rate Changes on Cash 0 0 Close
Increase (Decrease) in Cash and Cash Equivalents 153 (1,208) Close
Cash and Cash Equivalents at Beginning of Period 5,278 5,972
Cash and Cash Equivalents at End of Period $ 5,431 $ 4,764