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Consolidated Statement of Cash Flows - USD ($)
$ in Millions
 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Cash Flows From Operating Activities    
Net Income $ 15,431 $ 5,452
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation, depletion and amortization 5,505 5,425
Impairments 6 (90)
Dry hole costs and leasehold impairments 136 7
Accretion on discounted liabilities 182 186
Deferred taxes 1,594 895
Undistributed equity earnings 569 258
Gain on dispositions (1,039) (294)
Gain on investment in Cenovus Energy (251) (743)
Other (38) (866)
Working capital adjustments    
Increase in accounts and notes receivable (1,317) (1,619)
Increase in inventories (64) (13)
Increase in prepaid expenses and other current assets (469) (800)
Increase in accounts payable 1,098 682
Increase in taxes and other accruals 379 2,648
Net Cash Provided by Operating Activities 21,722 11,128
Cash Flows From Investing Activities    
Capital expenditures and investments (7,626) (3,767)
Working capital changes associated with investing activities 542 79
Acquisition of businesses, net of cash acquired 37 382
Proceeds from asset dispositions 3,354 792
Net (purchase) sale of investments (2,235) 2,846
Collection of advances/loans—related parties 114 105
Other 7 (386)
Net Cash (Used in) Provided by Investing Activities (5,807) 51
Cash Flows From Financing Activities    
Issuance of debt 2,897 0
Repayment of debt (5,874) (363)
Issuance of company common stock 345 27
Repurchase of company common stock (6,524) (2,224)
Dividends paid (3,336) (1,750)
Other (53) 6
Net Cash Used in Financing Activities (12,545) (4,304)
Effect of Exchange Rate Changes on Cash, Cash Equivalents and Restricted Cash (452) (3)
Net Change in Cash, Cash Equivalents and Restricted Cash 2,918 6,872
Cash, cash equivalents and restricted cash at beginning of period 5,398 [1] 3,315
Cash, Cash Equivalents and Restricted Cash at End of Period $ 8,316 [2] $ 10,187
[1] Restricted cash of $152 million and $218 million are included in the "Prepaid expenses and other current assets" and "Other assets" lines, respectively, of our Consolidated Balance Sheet as of December 31, 2021.
[2] Restricted cash of $306 million is included in the "Other assets" line of our Consolidated Balance Sheet as of September 30, 2022.