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Consolidated Statement of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Operating Activities      
Net Income (Loss) $ 17,749 $ 21,411 $ 35,608
Adjustments      
Depreciation, depletion and amortization 17,282 17,326 16,319
Dry hole expense 429 436 486
Distributions more (less) than income from equity affiliates (366) (885) (4,730)
Net before-tax gains on asset retirements and sales (1,685) (138) (550)
Net foreign currency effects (629) 578 (412)
Deferred income tax provision 1,240 298 2,124
Net decrease (increase) in operating working capital 1,211 (3,185) 2,125
Decrease (increase) in long-term receivables 114 150 153
Net decrease (increase) in other deferred charges (1,225) (300) (212)
Cash contributions to employee pension plans (844) (1,120) (1,322)
Other (1,784) 1,038 13
Net Cash Provided by Operating Activities 31,492 35,609 49,602
Investing Activities      
Acquisition of businesses, net of cash received 0 55 (2,862)
Capital expenditures (16,448) (15,829) (11,974)
Proceeds and deposits related to asset sales and returns of investment 7,704 669 2,635
Net maturities of (investments in) time deposits (4) 0 0
Net sales (purchases) of marketable securities 45 175 117
Net repayment (borrowing) of loans by equity affiliates (233) (302) (24)
Net Cash Used for Investing Activities (8,936) (15,232) (12,108)
Financing Activities      
Net borrowings (repayments) of short-term obligations 4,868 135 263
Proceeds from issuances of long-term debt 478 150 0
Repayments of long-term debt and other financing obligations (1,778) (4,340) (8,742)
Cash dividends - common stock (11,801) (11,336) (10,968)
Net contributions from (distributions to) noncontrolling interests (195) (40) (114)
Net sales (purchases) of treasury shares (15,044) (14,678) (5,417)
Net Cash Provided by (Used for) Financing Activities (23,472) (30,109) (24,978)
Effect of Exchange Rate Changes on Cash, Cash Equivalents and Restricted Cash (97) (114) (190)
Net Change in Cash, Cash Equivalents and Restricted Cash (1,013) (9,846) 12,326
Cash, Cash Equivalents and Restricted Cash at January 1 9,275 19,121 6,795
Cash, Cash Equivalents and Restricted Cash at December 31 $ 8,262 $ 9,275 $ 19,121