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Consolidated Statement of Cash Flows - USD ($)
$ in Millions
 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Cash Flows From Operating Activities    
Net income (loss) $ 6,546 $ 6,939
Adjustments to reconcile net income (loss) to net cash provided by operating activities    
Depreciation, depletion and amortization 8,501 6,935
Impairments 12 34
Dry hole costs and leasehold impairments 105 48
Accretion on discounted liabilities 283 240
Deferred taxes 432 249
Distributions more (less) than income from equity affiliates 277 545
(Gain) loss on dispositions (399) (86)
Other (203) (18)
Working capital adjustments    
Decrease (increase) in accounts and notes receivable 921 656
Decrease (increase) in inventories 49 (100)
Decrease (increase) in prepaid expenses and other current assets (117) (53)
Increase (decrease) in accounts payable (211) (117)
Increase (decrease) in taxes and other accruals (718) 395
Net cash provided by operating activities 15,478 15,667
Cash flows from investing activities    
Capital expenditures and investments (9,530) (8,801)
Working capital changes associated with investing activities 488 195
Acquisition of businesses, net of cash acquired 0 49
Proceeds from asset dispositions 1,632 217
Net sales (purchases) of investments (556) (599)
Other (20) (11)
Net cash used in investing activities (7,986) (8,950)
Cash flows from financing activities    
Repayment of debt (851) (607)
Issuance of company common stock (65) (66)
Repurchase of company common stock (3,996) (3,513)
Dividends paid (2,957) (2,749)
Other (75) (131)
Net cash used in financing activities (7,944) (7,066)
Effect of exchange rate changes on cash, cash equivalents and restricted cash 146 (28)
Net change in cash, cash equivalents and restricted cash (306) (377)
Cash, cash equivalents and restricted cash at beginning of period [1] 5,905 5,899
Cash, cash equivalents and restricted cash at end of period [1] $ 5,599 $ 5,522
[1]
Restricted cash of $339 million and $298 million is included in the "Other assets" line of our Consolidated Balance Sheet at September 30, 2025, and December 31, 2024, respectively.