Note 17—Cash Flow Information | | | | | | | | | | | | | | Millions of Dollars | | | 2025 | 2024 | 2023 | | | Noncash Investing and Financing Activities | | | | | | Increase (decrease) in PP&E related to an increase (decrease) in asset retirement obligations, excluding acquisitions | $ | 12 | | 268 | | 727 | | | | Fair value of contingent consideration on acquisition | — | | — | | 320 | | | | | | | | | Cash Payments | | | | | | | | | | | Interest | 757 | | 806 | | 701 | | | | | | | | | Income Taxes | | | | | | Federal taxes | 1,077 | | 296 | | 757 | | | | Foreign taxes | | | | | | Norway | 1,758 | | 1,580 | | 2,758 | | | | Libya | 1,461 | | 1,280 | | 1,317 | | | | Other foreign | 374 | | 304 | | 349 | | | | State taxes | 152 | | 161 | | 225 | | | | Total income taxes | $ | 4,822 | | 3,621 | | 5,406 | | | | | | | | | Net Sales (Purchases) of Investments | | | | | | Short-term investments purchased | $ | (1,249) | | (2,606) | | (1,463) | | | | Short-term investments sold | 1,751 | | 3,567 | | 3,574 | | | | Long-term Investments purchased | (861) | | (747) | | (867) | | | | Long-term Investments sold | 304 | | 201 | | 129 | | | | Total sales (purchases) of investments | $ | (55) | | 415 | | 1,373 | | |
The following items are included in the "Cash flows from operating activities" section of our consolidated cash flows.
In 2025, we made a total of $116 million in contributions to our U.S. qualified pension plan. For additional information on cash and non-cash changes to our consolidated balance sheet, see Note 3 and Note 11 for our acquisition of Marathon Oil and acquisition of the remaining working interest in Surmont.
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