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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Millions | 3 Months Ended
--- | ---
Mar. 31, 2024 | Mar. 31, 2023
Cash Flows from Operating Activities |  |
Net Income | $ 1,789 | $ 2,023
Items Not Requiring (Providing) Cash |  |
Depreciation, Depletion and Amortization | 1,074 | 798
Impairments | 19 | 34
Stock-Based Compensation Expenses | 45 | 34
Deferred Income Taxes | 199 | 234
Gains on Asset Dispositions, Net | (26) | (69)
Other, Net | 9 | 4
Dry Hole Costs | 1 | 1
Mark-to-Market Financial Commodity and Other Derivative Contracts |  |
Gains, Net | (237) | (376)
Net Cash Received from (Payments for) Settlements of Financial Commodity Derivative Contracts | 55 | (123)
Other, Net | 0 | (1)
Changes in Components of Working Capital and Other Assets and Liabilities |  |
Accounts Receivable | 58 | 338
Inventories | 117 | (77)
Accounts Payable | (58) | (77)
Accrued Taxes Payable | 319 | 232
Other Assets | (161) | 52
Other Liabilities | (71) | 193
Changes in Components of Working Capital Associated with Investing Activities | (229) | 35
Net Cash Provided by Operating Activities | 2,903 | 3,255
Investing Cash Flows |  |
Additions to Oil and Gas Properties | (1,485) | (1,305)
Additions to Other Property, Plant and Equipment | (350) | (319)
Proceeds from Sales of Assets | 9 | 92
Changes in Components of Working Capital Associated with Investing Activities | 229 | (35)
Net Cash Used in Investing Activities | (1,597) | (1,567)
Financing Cash Flows |  |
Long-Term Debt Repayments | 0 | (1,250)
Dividends Paid | (525) | (1,067)
Treasury Stock Purchased | (759) | (317)
Repayment of Finance Lease Liabilities | (8) | (8)
Net Cash Used in Financing Activities | (1,292) | (2,642)
Effect of Exchange Rate Changes on Cash | 0 | 0
Increase (Decrease) in Cash and Cash Equivalents | 14 | (954)
Cash and Cash Equivalents at Beginning of Period | 5,278 | 5,972
Cash and Cash Equivalents at End of Period | $ 5,292 | $ 5,018

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