v3.25.4
Consolidated Statement of Cash Flows - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Operating Activities      
Net Income (Loss) $ 12,485 $ 17,749 $ 21,411
Adjustments      
Depreciation, depletion and amortization 20,132 17,282 17,326
Dry hole expense 325 429 436
Distributions more (less) than income from equity affiliates 2,282 (366) (885)
Net before-tax gains on asset retirements and sales (462) (1,685) (138)
Net foreign currency effects 585 (629) 578
Deferred income tax provision 986 1,240 298
Net decrease (increase) in operating working capital (1,008) 1,211 (3,185)
Decrease (increase) in long-term receivables (132) 114 150
Net decrease (increase) in other deferred charges (508) (1,225) (300)
Cash contributions to employee pension plans (588) (844) (1,120)
Other (158) (1,784) 1,038
Net Cash Provided by Operating Activities 33,939 31,492 35,609
Investing Activities      
Acquisition of businesses, net of cash received 1,056 0 55
Acquisition of Hess Corporation common stock (2,225) 0 0
Capital expenditures (17,347) (16,448) (15,829)
Proceeds and deposits related to asset sales and returns of investment 1,826 7,704 669
Net maturities of (investments in) time deposits 1 (4) 0
Net sales (purchases) of marketable securities 0 45 175
Net repayment (borrowing) of loans by equity affiliates 778 (233) (302)
Net Cash Used for Investing Activities (15,911) (8,936) (15,232)
Financing Activities      
Net borrowings (repayments) of short-term obligations (1,061) 4,868 135
Proceeds from issuances of long-term debt 11,402 478 150
Repayments of long-term debt and other financing obligations (4,475) (1,778) (4,340)
Cash dividends - common stock (12,751) (11,801) (11,336)
Net contributions from (distributions to) noncontrolling interests (323) (195) (40)
Net sales (purchases) of treasury shares (11,855) (15,044) (14,678)
Net Cash Provided by (Used for) Financing Activities (19,063) (23,472) (30,109)
Effect of Exchange Rate Changes on Cash, Cash Equivalents and Restricted Cash 58 (97) (114)
Net Change in Cash, Cash Equivalents and Restricted Cash (977) (1,013) (9,846)
Cash, Cash Equivalents and Restricted Cash at January 1 8,262 9,275 19,121
Cash, Cash Equivalents and Restricted Cash at December 31 $ 7,285 $ 8,262 $ 9,275