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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Millions | 6 Months Ended
--- | ---
Jun. 30, 2025 | Jun. 30, 2024
Cash Flows from Operating Activities |  |
Net Income | $ 2,808 | $ 3,479
Items Not Requiring (Providing) Cash |  |
Depreciation, Depletion and Amortization | 2,066 | 2,058
Impairments | 83 | 100
Stock-Based Compensation Expenses | 103 | 90
Deferred Income Taxes | 149 | 327
(Gains) Losses on Asset Dispositions, Net | 1 | (46)
Other, Net | 22 | 12
Dry Hole Costs | 45 | 6
Mark-to-Market Financial Commodity and Other Derivative Contracts |  |
(Gains) Losses, Net | 84 | (190)
Net Cash Received from (Payments for) Settlements of Financial Commodity Derivative Contracts | (62) | 134
Changes in Components of Working Capital and Other Assets and Liabilities |  |
Accounts Receivable | 170 | 91
Inventories | 31 | 192
Accounts Payable | (236) | (29)
Accrued Taxes Payable | (660) | 134
Other Assets | (86) | (119)
Other Liabilities | (148) | (91)
Changes in Components of Working Capital Associated with Investing Activities | (49) | (356)
Net Cash Provided by Operating Activities | 4,321 | 5,792
Investing Cash Flows |  |
Additions to Oil and Gas Properties | (3,080) | (2,842)
Additions to Other Property, Plant and Equipment | (196) | (663)
Proceeds from Sales of Assets | 16 | 19
Changes in Components of Working Capital Associated with Investing Activities | 49 | 356
Net Cash Used in Investing Activities | (3,211) | (3,130)
Financing Cash Flows |  |
Long-Term Debt Repayments | (500) | 0
Dividends Paid | (1,066) | (1,045)
Treasury Stock Purchased | (1,408) | (1,458)
Proceeds from Stock Options Exercised and Employee Stock Purchase Plan | 11 | 11
Debt Issuance and Other Financing Costs | (7) | 0
Repayment of Finance Lease Liabilities | (17) | (17)
Net Cash Used in Financing Activities | (2,987) | (2,509)
Effect of Exchange Rate Changes on Cash | 1 | 0
Increase (Decrease) in Cash and Cash Equivalents | (1,876) | 153
Cash and Cash Equivalents at Beginning of Period | 7,092 | 5,278
Cash and Cash Equivalents at End of Period | $ 5,216 | $ 5,431

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