Occidental Petroleum(NYSE:OXY) 
Occidental Petroleum Corporation, together with its subsidiaries, engages in the acquisition, exploration, and development of oil and gas properties in the United States, the Middle East, Africa, and Latin America. The company operates through three segments: Oil and Gas, Chemical, and Marketing and...
Website: http://www.oxy.com
Founded: 1920
Full Time Employees: 14,400
CEO: Vicki Hollub
Sector: Energy
Industry: Oil & Gas E&P
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At a glance:
- Cash Return Framework Anchored by Base Dividend and Active Buybacks: Occidental emphasizes shareholder returns through a recurring base dividend and opportunistic share repurchases, with the pace influenced by commodity prices, free cash flow, and balance-sheet priorities.
- Debt Reduction Remains a Key Capital Allocation Priority: Management has highlighted continued deleveraging as an important use of cash, aiming to strengthen the balance sheet and improve resilience across oil-price cycles.
- Permian Basin Drives a Large Share of Upstream Growth and Cash Flow: Oxy’s U.S. onshore portfolio—particularly the Permian—remains central to production volumes and operating efficiency, supporting margins and capital flexibility relative to higher-cost basins.
- OxyChem Adds Diversification and Can Support Earnings Through Cycles: The chemicals segment provides an additional earnings and cash flow stream that can partially offset upstream volatility, though results remain sensitive to industrial demand and pricing.
- Carbon Management (Oxy Low Carbon Ventures) Is a Longer-Dated Option on CCUS/DAC: Occidental continues investing in carbon capture and direct air capture initiatives that could become a meaningful business over time, but near-term financial impact is generally smaller than the core upstream and chemicals segments.
Bull Thesis:
- Strong Free Cash Flow Generation at Current Oil Prices: Occidental Petroleum is highly leveraged to crude oil prices. At current WTI levels ($70-$80+ per barrel), the company generates substantial free cash flow, enabling accelerated debt reduction and increased shareholder returns.
- Aggressive Deleveraging and Shareholder Returns: OXY has made significant progress in paying down the substantial debt incurred from the Anadarko acquisition. This improved balance sheet strength allows for increased capital returns to shareholders through dividends and share buybacks, enhancing investor appeal.
- Leading Position in Carbon Capture & Sequestration (CCS): Through its 1PointFive subsidiary and projects like Stratos, OXY is a leader in carbon capture and sequestration technology. This positions the company to benefit from potential tax credits (e.g., 45Q), diversify revenue streams, and improve its long-term ESG profile.
- Warren Buffett's Endorsement and Berkshire Hathaway's Stake: Berkshire Hathaway's significant and growing ownership stake in Occidental Petroleum provides a strong vote of confidence from a renowned investor, signaling long-term value and potentially attracting other institutional investors.
Bear Thesis:
- High Sensitivity to Oil Price Volatility: OXY's financial performance is heavily dependent on crude oil prices. A significant downturn in oil prices due to global recession, increased supply, or demand destruction could severely impact its revenue, profitability, and cash flow generation.
- Substantial Debt Load Remaining: Despite significant deleveraging efforts, Occidental Petroleum still carries a substantial amount of debt from the Anadarko acquisition. This makes the company more vulnerable to interest rate fluctuations and limits financial flexibility compared to peers with cleaner balance sheets.
- Long-term ESG and Transition Risks: As a pure-play fossil fuel producer, OXY faces increasing pressure from ESG investors, potential regulatory changes, and the long-term global energy transition away from hydrocarbons, which could impact its cost of capital and future valuations.
- Uncertainty and High Capital Costs of CCS Initiatives: While carbon capture and sequestration (CCS) is a promising growth area, the long-term profitability, scalability, and regulatory framework for these projects are still developing. They require significant upfront capital investment with uncertain long-term returns.
Main Competitors:
- Chevron ($CVX) (Crude Oil & Natural Gas Production), As a supermajor integrated energy company, Chevron competes directly with Occidental Petroleum for prime acreage in key basins like the Permian, for capital investment, and for market share in crude oil and natural gas sales. Chevron also has significant downstream and chemical operations, providing a more diversified revenue stream compared to Occidental's upstream focus, but their upstream divisions are direct competitors in resource development and production efficiency.
- ExxonMobil ($XOM) (Crude Oil & Natural Gas Production), Another global energy supermajor, ExxonMobil is a formidable competitor, particularly in the Permian Basin where both companies have extensive operations. They compete for drilling inventory, operational efficiency, talent, and market share for hydrocarbon sales. ExxonMobil's recent acquisition of Pioneer Natural Resources further solidifies its position as a dominant Permian player, intensifying competition for Occidental's resources and market share.
- ConocoPhillips ($COP) (Crude Oil & Natural Gas Production), As one of the world's largest independent exploration and production (E&P) companies, ConocoPhillips is a direct peer to Occidental Petroleum. They compete across various basins, including the Permian, for resource development, operational excellence, and capital efficiency. Both companies are focused on maximizing value from their upstream assets and returning capital to shareholders, making them direct rivals in investment appeal and operational performance.
- EOG Resources ($EOG) (Crude Oil & Natural Gas Production), EOG Resources is a leading independent E&P company known for its strong operational execution and focus on high-return drilling locations, including in the Permian and Eagle Ford. They compete with Occidental Petroleum for premium drilling inventory, cost efficiency in production, and attracting investor capital based on their ability to generate free cash flow and deliver consistent shareholder returns through efficient resource development.
Moat:
Occidental Petroleum operates in the highly competitive upstream oil and gas sector. Its primary moat lies in its extensive, high-quality asset base, particularly in the Permian Basin, which offers long-life, low-cost production opportunities. Additionally, Occidental is a leader in Carbon Capture, Utilization, and Storage (CCUS) technologies, positioning itself for the energy transition and potentially creating a future competitive advantage. Competition is fierce, primarily from other large independent E&P companies and the upstream divisions of integrated supermajors, all vying for prime acreage, capital, operational efficiency, and market share in global commodity markets. The industry is capital-intensive and subject to volatile commodity prices, making cost control and efficient resource development critical for sustained profitability and competitive standing.
Income Statements:
Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 | 2017-12-31 | 2017-09-30 | 2017-06-30 | 2017-03-31 | 2016-12-31 | 2016-09-30 | 2016-06-30 | 2016-03-31 | 2015-12-31 | 2015-09-30 | 2015-06-30 | 2015-03-31 | 2014-12-31 | 2014-09-30 | 2014-06-30 | 2014-03-31 | 2013-12-31 | 2013-09-30 | 2013-06-30 | 2013-03-31 | 2012-12-31 | 2012-09-30 | 2012-06-30 | 2012-03-31 | 2011-12-31 | 2011-09-30 | 2011-06-30 | 2011-03-31 | 2010-12-31 | 2010-09-30 | 2010-06-30 | 2010-03-31 | 2009-12-31 | 2009-09-30 | 2009-06-30 | 2009-03-31 | 2008-12-31 | 2008-09-30 | 2008-03-31 | 2007-12-31 | 2007-09-30 | 2007-06-30 | 2006-12-31 | 2006-06-30 | 2006-03-31 | 2005-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
revenues and other income | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net sales | 5,230,000,000 | 1,752,000,000 | 6,624,000,000 | 6,414,000,000 | 6,803,000,000 | 6,760,000,000 | 7,173,000,000 | 6,817,000,000 | 5,975,000,000 | 7,172,000,000 | 7,158,000,000 | 6,702,000,000 | 7,225,000,000 | 8,219,000,000 | 9,390,000,000 | 10,676,000,000 | 8,349,000,000 | 7,913,000,000 | 6,792,000,000 | 5,958,000,000 | 5,293,000,000 | 4,160,000,000 | 4,108,000,000 | 2,928,000,000 | 6,410,000,000 | 6,282,000,000 | 5,687,000,000 | 4,420,000,000 | 4,004,000,000 | 4,762,000,000 | 5,216,000,000 | 4,083,000,000 | 3,763,000,000 | 3,492,000,000 | 2,999,000,000 | 3,060,000,000 | 2,957,000,000 | 2,788,000,000 | 2,648,000,000 | 2,531,000,000 | 2,123,000,000 | 2,806,000,000 | 3,116,000,000 | 3,469,000,000 | 3,089,000,000 | 953,000,000 | 5,996,000,000 | 6,275,000,000 | 6,088,000,000 | 6,172,000,000 | 6,449,000,000 | 5,962,000,000 | 5,872,000,000 | 6,171,000,000 | 5,965,000,000 | 5,768,000,000 | 6,268,000,000 | 6,034,000,000 | 6,006,000,000 | 6,173,000,000 | 5,726,000,000 | 4,617,000,000 | 4,896,000,000 | 4,761,000,000 | 4,771,000,000 | 4,539,000,000 | 4,104,000,000 | 3,687,000,000 | 3,073,000,000 | 4,021,000,000 | 7,060,000,000 | 6,020,000,000 | 5,517,000,000 | 4,841,000,000 | 4,411,000,000 | 4,599,000,000 | 4,570,000,000 | ||
interest, dividends and other income | 81,000,000 | 57,000,000 | 59,000,000 | 44,000,000 | 59,000,000 | 41,000,000 | 60,000,000 | 34,000,000 | 36,000,000 | 32,000,000 | 50,000,000 | 28,000,000 | 29,000,000 | 31,000,000 | 37,000,000 | 36,000,000 | 49,000,000 | 24,000,000 | 18,000,000 | 49,000,000 | 75,000,000 | 30,000,000 | 21,000,000 | 33,000,000 | 34,000,000 | 41,000,000 | 78,000,000 | 35,000,000 | 34,000,000 | 38,000,000 | 29,000,000 | 27,000,000 | 20,000,000 | 31,000,000 | 21,000,000 | 34,000,000 | 25,000,000 | 27,000,000 | 20,000,000 | 30,000,000 | 31,000,000 | 26,000,000 | 31,000,000 | 23,000,000 | 31,000,000 | 46,000,000 | 30,000,000 | 17,000,000 | 26,000,000 | 28,000,000 | 35,000,000 | 17,000,000 | 26,000,000 | 24,000,000 | 14,000,000 | 29,000,000 | 70,000,000 | 35,000,000 | 32,000,000 | 23,000,000 | 27,000,000 | 40,000,000 | 21,000,000 | 38,000,000 | 22,000,000 | 28,000,000 | 30,000,000 | 44,000,000 | 59,000,000 | 60,000,000 | 57,000,000 | 57,000,000 | 57,000,000 | 74,000,000 | 54,000,000 | ||||
losses on sales of assets and other | -202,000,000 | -19,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total | 5,109,000,000 | 2,059,000,000 | 6,717,000,000 | 6,456,000,000 | 6,843,000,000 | 6,837,000,000 | 7,154,000,000 | 6,879,000,000 | 6,010,000,000 | 7,529,000,000 | 7,400,000,000 | 6,731,000,000 | 7,258,000,000 | 8,326,000,000 | 9,501,000,000 | 10,735,000,000 | 8,533,000,000 | 8,010,000,000 | 6,815,000,000 | 6,010,000,000 | 5,479,000,000 | 3,348,000,000 | 3,283,000,000 | 2,976,000,000 | 6,451,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
yoy | -25.34% | -69.88% | -6.11% | -6.15% | 13.86% | -9.19% | -3.32% | 2.20% | -17.19% | -9.57% | -22.11% | -37.30% | -14.94% | 3.95% | 39.41% | 78.62% | 55.74% | 139.25% | 107.58% | 101.95% | -15.07% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
qoq | 148.13% | -69.35% | 4.04% | -5.66% | 0.09% | -4.43% | 4.00% | 14.46% | -20.18% | 1.74% | 9.94% | -7.26% | -12.83% | -12.37% | -11.50% | 25.81% | 6.53% | 17.53% | 13.39% | 9.69% | 63.65% | 1.98% | 10.32% | -53.87% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
costs and other deductions | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
oil and gas lease operating expense | 1,118,000,000 | 1,155,000,000 | 1,174,000,000 | 1,135,000,000 | 1,217,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
transportation and gathering expense | 421,000,000 | 422,000,000 | 416,000,000 | 409,000,000 | 413,000,000 | 443,000,000 | 407,000,000 | 405,000,000 | 353,000,000 | 359,000,000 | 363,000,000 | 375,000,000 | 384,000,000 | 386,000,000 | 378,000,000 | 364,000,000 | 347,000,000 | 366,000,000 | 360,000,000 | 364,000,000 | 329,000,000 | 325,000,000 | 343,000,000 | 367,000,000 | 558,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
general and administrative expense | 245,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other operating and non-operating expense | 356,000,000 | 271,000,000 | 396,000,000 | 497,000,000 | 392,000,000 | 493,000,000 | 334,000,000 | 344,000,000 | 410,000,000 | 438,000,000 | 328,000,000 | 10,000,000 | 308,000,000 | 362,000,000 | 319,000,000 | 291,000,000 | 299,000,000 | 303,000,000 | 256,000,000 | 248,000,000 | 258,000,000 | 342,000,000 | 231,000,000 | 114,000,000 | 195,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
taxes other than on income | 259,000,000 | 249,000,000 | 248,000,000 | 269,000,000 | 264,000,000 | 283,000,000 | 256,000,000 | 265,000,000 | 235,000,000 | 225,000,000 | 290,000,000 | 266,000,000 | 306,000,000 | 360,000,000 | 427,000,000 | 426,000,000 | 335,000,000 | 262,000,000 | 289,000,000 | 244,000,000 | 210,000,000 | 149,000,000 | 180,000,000 | 68,000,000 | 182,000,000 | 275,000,000 | 198,000,000 | 123,000,000 | 111,000,000 | 106,000,000 | 110,000,000 | 115,000,000 | 108,000,000 | 90,000,000 | 76,000,000 | 77,000,000 | 68,000,000 | 67,000,000 | 61,000,000 | 74,000,000 | 75,000,000 | 50,000,000 | 79,000,000 | 107,000,000 | 107,000,000 | -43,000,000 | 191,000,000 | 199,000,000 | 203,000,000 | 181,000,000 | 186,000,000 | 196,000,000 | 186,000,000 | 167,000,000 | 172,000,000 | 167,000,000 | 174,000,000 | 140,000,000 | 152,000,000 | 162,000,000 | 151,000,000 | 117,000,000 | 117,000,000 | 127,000,000 | 123,000,000 | 113,000,000 | 105,000,000 | 110,000,000 | 105,000,000 | ||||||||||
depreciation, depletion and amortization | 1,794,000,000 | 1,619,000,000 | 2,061,000,000 | 1,936,000,000 | 1,917,000,000 | 1,977,000,000 | 1,926,000,000 | 1,775,000,000 | 1,693,000,000 | 1,723,000,000 | 1,712,000,000 | 1,709,000,000 | 1,721,000,000 | 1,819,000,000 | 1,736,000,000 | 1,728,000,000 | 1,643,000,000 | 1,966,000,000 | 1,916,000,000 | 2,371,000,000 | 2,194,000,000 | 1,754,000,000 | 1,915,000,000 | 2,119,000,000 | 2,242,000,000 | 1,031,000,000 | 973,000,000 | 1,086,000,000 | 1,023,000,000 | 947,000,000 | 921,000,000 | 1,076,000,000 | 995,000,000 | 989,000,000 | 942,000,000 | 1,050,000,000 | 1,046,000,000 | 1,070,000,000 | 1,102,000,000 | 1,276,000,000 | 1,123,000,000 | 1,116,000,000 | |||||||||||||||||||||||||||||||||||||
asset impairments and other charges | 120,000,000 | 1,260,000,000 | 21,000,000 | 209,000,000 | 131,000,000 | 17,000,000 | 21,000,000 | 135,000,000 | 87,000,000 | 2,723,000,000 | 6,470,000,000 | 1,803,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
acquisition-related costs | 1,000,000 | 6,000,000 | 6,000,000 | 9,000,000 | 49,000,000 | 14,000,000 | 12,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
exploration expense | 110,000,000 | 45,000,000 | 66,000,000 | 83,000,000 | 55,000,000 | 69,000,000 | 57,000,000 | 83,000,000 | 66,000,000 | 112,000,000 | 125,000,000 | 102,000,000 | 102,000,000 | 118,000,000 | 47,000,000 | 26,000,000 | 25,000,000 | 107,000,000 | 31,000,000 | 86,000,000 | 28,000,000 | 33,000,000 | 29,000,000 | 33,000,000 | 37,000,000 | 112,000,000 | 63,000,000 | 35,000,000 | 36,000,000 | 50,000,000 | 24,000,000 | 21,000,000 | 15,000,000 | 55,000,000 | 8,000,000 | 8,000,000 | 11,000,000 | 17,000,000 | 9,000,000 | 27,000,000 | 9,000,000 | 13,000,000 | 5,000,000 | 10,000,000 | 8,000,000 | -12,000,000 | 53,000,000 | 54,000,000 | 55,000,000 | 60,000,000 | 68,000,000 | 78,000,000 | 50,000,000 | 82,000,000 | 69,000,000 | 96,000,000 | 98,000,000 | 73,000,000 | 39,000,000 | 62,000,000 | 84,000,000 | 50,000,000 | 83,000,000 | 73,000,000 | 56,000,000 | 99,000,000 | 56,000,000 | 54,000,000 | 58,000,000 | 134,000,000 | 61,000,000 | 74,000,000 | 101,000,000 | 126,000,000 | 93,000,000 | 50,000,000 | 71,000,000 | ||
interest and debt expense | 432,000,000 | 215,000,000 | 270,000,000 | 276,000,000 | 318,000,000 | 327,000,000 | 312,000,000 | 252,000,000 | 284,000,000 | 247,000,000 | 230,000,000 | 230,000,000 | 238,000,000 | 260,000,000 | 285,000,000 | 114,000,000 | 371,000,000 | 385,000,000 | 449,000,000 | 385,000,000 | 395,000,000 | 409,000,000 | 353,000,000 | 310,000,000 | 352,000,000 | 434,000,000 | 381,000,000 | 153,000,000 | 98,000,000 | 99,000,000 | 96,000,000 | 97,000,000 | 97,000,000 | 87,000,000 | 91,000,000 | 86,000,000 | 81,000,000 | 76,000,000 | 68,000,000 | 88,000,000 | 60,000,000 | 61,000,000 | 48,000,000 | 8,000,000 | 30,000,000 | 25,000,000 | 14,000,000 | 18,000,000 | 20,000,000 | 25,000,000 | 29,000,000 | 30,000,000 | 34,000,000 | 36,000,000 | 36,000,000 | 28,000,000 | 30,000,000 | 31,000,000 | 25,000,000 | 27,000,000 | 215,000,000 | 20,000,000 | 26,000,000 | 32,000,000 | 38,000,000 | 41,000,000 | 40,000,000 | 32,000,000 | 27,000,000 | 35,000,000 | 24,000,000 | 38,000,000 | 42,000,000 | 48,000,000 | 32,000,000 | 72,000,000 | 68,000,000 | ||
income before income taxes and other items | 254,000,000 | 149,000,000 | 996,000,000 | 714,000,000 | 1,193,000,000 | -322,000,000 | 1,428,000,000 | 1,393,000,000 | 709,000,000 | 1,416,000,000 | 1,703,000,000 | 1,142,000,000 | 1,634,000,000 | 2,208,000,000 | 3,382,000,000 | 4,658,000,000 | 2,759,000,000 | 1,890,000,000 | 1,080,000,000 | 187,000,000 | -1,762,000,000 | -4,269,000,000 | -8,301,000,000 | -1,377,000,000 | 233,750,000 | -692,000,000 | 844,000,000 | 783,000,000 | 729,000,000 | 2,492,000,000 | 1,072,000,000 | 984,000,000 | -14,000,000 | 215,000,000 | 605,000,000 | 165,000,000 | -283,000,000 | -6,749,000,000 | -3,111,000,000 | 446,000,000 | -270,000,000 | -5,277,000,000 | 1,938,000,000 | 2,309,000,000 | 2,254,000,000 | 2,514,000,000 | 2,519,000,000 | 2,142,000,000 | 2,107,000,000 | 543,000,000 | 2,144,000,000 | 2,106,000,000 | 2,597,000,000 | 2,509,000,000 | 2,739,000,000 | 2,849,000,000 | 2,362,000,000 | 1,813,000,000 | 1,965,000,000 | 1,822,000,000 | 1,759,000,000 | 1,559,000,000 | 1,426,000,000 | 1,105,000,000 | 579,000,000 | ||||||||||||||
other items | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income from equity investments and other | 136,000,000 | -257,000,000 | 170,000,000 | 24,000,000 | 139,000,000 | 153,000,000 | 166,000,000 | 242,000,000 | 301,000,000 | 143,000,000 | 106,000,000 | 185,000,000 | 100,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income from continuing operations before income taxes | 390,000,000 | -108,000,000 | 1,166,000,000 | 738,000,000 | 1,332,000,000 | 2,400,000,000 | 3,648,000,000 | 4,986,000,000 | 3,083,000,000 | 2,030,000,000 | 1,217,000,000 | 143,000,000 | 315,000,000 | -1,425,000,000 | -4,058,000,000 | -8,184,000,000 | -2,095,000,000 | -990,000,000 | -621,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income tax expense | -154,000,000 | -40,000,000 | -324,000,000 | -270,000,000 | -387,000,000 | 49,000,000 | -454,000,000 | -465,000,000 | -304,000,000 | -361,000,000 | -434,000,000 | -85,000,000 | -902,000,000 | -161,750,000 | -116,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income from continuing operations | 236,000,000 | -148,000,000 | 842,000,000 | 468,000,000 | 945,000,000 | -120,000,000 | 1,140,000,000 | 1,170,000,000 | 706,000,000 | 1,927,000,000 | 2,746,000,000 | 3,755,000,000 | 4,876,000,000 | 1,561,000,000 | 830,000,000 | 100,000,000 | 299,000,000 | -1,149,000,000 | -3,655,000,000 | -6,716,000,000 | -2,013,000,000 | 132,250,000 | -737,000,000 | 497,000,000 | 190,000,000 | 507,000,000 | 117,000,000 | -136,000,000 | -5,505,000,000 | -2,606,000,000 | 180,000,000 | -215,000,000 | -4,168,000,000 | 1,214,000,000 | 1,435,000,000 | 1,389,000,000 | 1,648,000,000 | 1,588,000,000 | 1,327,000,000 | 1,359,000,000 | 364,000,000 | 1,379,000,000 | 1,332,000,000 | 1,560,000,000 | 1,641,000,000 | 1,775,000,000 | 1,819,000,000 | 1,405,000,000 | 1,247,000,000 | 1,218,000,000 | 1,081,000,000 | 1,095,000,000 | 959,000,000 | 943,000,000 | 696,000,000 | 380,000,000 | 448,000,000 | 2,272,000,000 | 1,819,000,000 | 1,448,000,000 | 1,316,000,000 | 1,145,000,000 | 1,204,000,000 | 1,216,000,000 | |||||||||||||||
discontinued operations, net of taxes | 3,123,000,000 | 45,500,000 | 182,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income | 3,359,000,000 | 114,000,000 | 842,000,000 | 468,000,000 | 945,000,000 | -120,000,000 | 1,140,000,000 | 1,170,000,000 | 888,000,000 | 1,198,000,000 | 1,375,000,000 | 860,000,000 | 1,263,000,000 | 1,927,000,000 | 2,746,000,000 | 3,755,000,000 | 4,876,000,000 | 1,537,000,000 | 828,000,000 | 103,000,000 | -146,000,000 | -1,112,000,000 | -3,575,000,000 | -8,131,000,000 | -2,013,000,000 | 128,500,000 | -752,000,000 | 635,000,000 | 631,000,000 | 706,000,000 | 1,869,000,000 | 848,000,000 | 708,000,000 | 497,000,000 | 190,000,000 | 507,000,000 | 117,000,000 | -272,000,000 | -241,000,000 | -139,000,000 | 78,000,000 | -5,178,000,000 | -2,609,000,000 | 176,000,000 | -218,000,000 | -3,407,000,000 | 1,211,000,000 | 1,434,000,000 | 1,392,000,000 | 1,643,000,000 | 1,583,000,000 | 1,322,000,000 | 1,355,000,000 | 336,000,000 | 1,375,000,000 | 1,328,000,000 | 1,559,000,000 | 1,634,000,000 | 1,771,000,000 | 1,817,000,000 | 1,549,000,000 | 1,226,000,000 | 1,213,000,000 | 1,075,000,000 | 1,088,000,000 | 954,000,000 | 941,000,000 | 694,000,000 | 377,000,000 | 443,000,000 | 2,271,000,000 | 1,846,000,000 | 1,452,000,000 | 1,324,000,000 | 1,412,000,000 | 857,000,000 | 1,229,000,000 | ||
yoy | 255.45% | -195.00% | -26.14% | -60.00% | 6.42% | -110.02% | -17.09% | 36.05% | -29.69% | -37.83% | -49.93% | -77.10% | -74.10% | 25.37% | 231.64% | 3545.63% | -3439.73% | -238.22% | -123.16% | -101.27% | -92.75% | -965.37% | 375.40% | -1380.47% | -419.02% | -81.80% | -140.24% | -25.12% | -10.88% | 42.05% | 883.68% | 67.26% | 505.13% | -282.72% | -178.84% | -464.75% | 50.00% | -94.75% | -90.76% | -178.98% | -135.78% | 51.98% | -315.44% | -87.73% | -115.66% | -307.36% | -23.50% | 8.47% | 2.73% | 388.99% | 15.13% | -0.45% | -13.09% | -79.44% | -22.36% | -26.91% | 0.65% | 33.28% | 46.00% | 69.02% | 42.37% | 28.51% | 28.91% | 54.90% | 188.59% | 115.35% | -58.56% | -62.41% | -74.04% | -66.54% | 60.84% | 69.43% | 7.73% | ||||||
qoq | 2846.49% | -86.46% | 79.91% | -50.48% | -887.50% | -110.53% | -2.56% | 31.76% | -25.88% | -12.87% | 59.88% | -31.91% | -34.46% | -29.83% | -26.87% | -22.99% | 217.24% | 85.63% | 703.88% | -170.55% | -86.87% | -68.90% | -56.03% | 303.92% | -1666.54% | -117.09% | -218.43% | 0.63% | -10.62% | -62.23% | 120.40% | 19.77% | 42.45% | 161.58% | -62.52% | 333.33% | -143.01% | 12.86% | 73.38% | -278.21% | -101.51% | 98.47% | -1582.39% | -180.73% | -93.60% | -381.34% | -15.55% | 3.02% | -15.28% | 3.79% | 19.74% | -2.44% | 303.27% | -75.56% | 3.54% | -14.82% | -4.59% | -7.74% | -2.53% | 17.30% | 26.35% | 1.07% | 12.84% | -1.19% | 14.05% | 1.38% | 35.59% | 84.08% | -14.90% | -80.49% | 23.02% | 27.13% | 9.67% | -6.23% | -30.27% | ||||
net income margin % | 65.75% | 5.54% | 12.54% | 7.25% | 13.81% | -1.76% | 15.94% | 17.01% | 14.78% | 15.91% | 18.58% | 12.78% | 17.40% | 23.14% | 28.90% | 34.98% | 57.14% | 19.19% | 12.15% | 1.71% | -2.66% | -33.21% | -108.89% | -273.22% | -31.20% | Infinity% | -Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | -Infinity% | -Infinity% | -Infinity% | Infinity% | -Infinity% | -Infinity% | Infinity% | -Infinity% | -Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | NaN% | Infinity% | Infinity% | |
less: net income attributable to noncontrolling interest | -14,000,000 | -12,000,000 | -12,000,000 | -10,000,000 | -9,000,000 | -7,000,000 | -7,000,000 | -8,000,000 | -14,000,000 | -22,000,000 | -24,000,000 | -16,000,000 | -14,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
less: preferred stock dividends | -170,000,000 | -127,250,000 | -169,000,000 | -170,000,000 | -170,000,000 | -200,000,000 | -200,000,000 | -200,000,000 | -200,000,000 | -200,000,000 | -200,000,000 | -200,000,000 | -200,000,000 | -200,000,000 | -203,000,000 | -222,000,000 | -219,000,000 | -29,500,000 | -118,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income attributable to common stockholders | 3,175,000,000 | -68,000,000 | 661,000,000 | 288,000,000 | 766,000,000 | -297,000,000 | 964,000,000 | 992,000,000 | 718,000,000 | 1,029,000,000 | 1,156,000,000 | 605,000,000 | 983,000,000 | 1,727,000,000 | 2,546,000,000 | 3,555,000,000 | 4,676,000,000 | 1,337,000,000 | 628,000,000 | -1,312,000,000 | -3,778,000,000 | -8,353,000,000 | -2,232,000,000 | -1,339,000,000 | -912,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
per common share | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income from continuing operations—basic | 50,000 | -350,000 | 670,000 | 270,000 | 810,000 | -360,000 | 1,030,000 | 1,100,000 | 600,000 | 1,940,000 | 2,740,000 | 3,760,000 | 4,960,000 | 1,450,000 | 670,000 | 110,000 | -1,390,000 | -4,160,000 | -7,580,000 | -2,490,000 | -1,670,000 | -1,060,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
discontinued operations—basic | 3,140,000 | 210,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income attributable to common stockholders—basic | 3,190,000 | -80,000 | 670,000 | 270,000 | 810,000 | -360,000 | 1,030,000 | 1,100,000 | 810,000 | 1,160,000 | 1,300,000 | 680,000 | 1,080,000 | 1,940,000 | 2,740,000 | 3,760,000 | 4,960,000 | 1,420,000 | 670,000 | -9,120,000 | -2,490,000 | -1,670,000 | -1,080,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income from continuing operations—diluted | 50,000 | -330,000 | 650,000 | 260,000 | 770,000 | -320,000 | 980,000 | 1,030,000 | 560,000 | 1,760,000 | 2,520,000 | 3,470,000 | 4,650,000 | 1,410,000 | 650,000 | 100,000 | -15,649,985.74 | -4.16 | -7,580,000 | -2,490,000 | -1,670,000 | -1,060,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
discontinued operations—diluted | 3,080,000 | -10,000 | 190,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income attributable to common stockholders—diluted | 3,130,000 | -70,000 | 650,000 | 260,000 | 770,000 | -330,000 | 980,000 | 1,030,000 | 750,000 | 1,070,000 | 1,200,000 | 630,000 | 1,000,000 | 1,760,000 | 2,520,000 | 3,470,000 | 4,650,000 | 1,390,000 | 650,000 | -9,120,000 | -2,490,000 | -1,670,000 | -1,080,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
the accompanying notes are an integral part of these consolidated condensed financial statements. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gains on sales of assets and other | 250,000,000 | 34,000,000 | -2,000,000 | 36,000,000 | -79,000,000 | 28,000,000 | -1,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
chemical and midstream cost of sales | 615,000,000 | 812,000,000 | 847,000,000 | 801,000,000 | 752,000,000 | 806,000,000 | 821,000,000 | 742,000,000 | 898,000,000 | 682,000,000 | 791,000,000 | 745,000,000 | 785,000,000 | 835,000,000 | 835,000,000 | 818,000,000 | 771,000,000 | 731,000,000 | 676,000,000 | 594,000,000 | 601,000,000 | 618,000,000 | 577,000,000 | 612,000,000 | 745,000,000 | 741,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
selling, general and administrative expense | 158,000,000 | 277,000,000 | 284,000,000 | 267,000,000 | 145,750,000 | 240,000,000 | 177,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
oil and gas operating expense | 886,750,000 | 1,207,000,000 | 1,179,000,000 | 1,161,000,000 | 850,000,000 | 1,189,000,000 | 1,130,000,000 | 1,081,000,000 | 1,103,000,000 | 1,056,000,000 | 1,005,000,000 | 864,000,000 | 843,000,000 | 829,000,000 | 712,000,000 | 776,000,000 | 709,000,000 | 656,000,000 | 631,000,000 | 1,046,000,000 | 922,000,000 | 962,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
yoy | 4.32% | 1.51% | 4.34% | 7.40% | -22.94% | 12.59% | 12.44% | 25.12% | 30.84% | 27.38% | 41.15% | 11.34% | 18.90% | 26.37% | 12.84% | -25.81% | -23.10% | -31.81% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
qoq | -26.53% | 2.37% | 1.55% | 36.59% | -28.51% | 5.22% | 4.53% | -1.99% | 4.45% | 5.07% | 16.32% | 2.49% | 1.69% | 16.43% | -8.25% | 9.45% | 8.08% | 3.96% | -39.67% | 13.45% | -4.16% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating margin % | 0% | 0% | 0% | 0% | 0% | 12.97% | 16.87% | 17.14% | 19.32% | 11.29% | 16.07% | 16.79% | 14.89% | 13.25% | 11.11% | 9.36% | 10.13% | 10.52% | 12.16% | 11.85% | 14.16% | 21.18% | 19.98% | 21.20% | 16.21% | Infinity% | Infinity% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | |
purchased commodities | 79,000,000 | 83,000,000 | 89,000,000 | 86,000,000 | 501,000,000 | 520,000,000 | 490,000,000 | 498,000,000 | 660,000,000 | 785,000,000 | 1,031,000,000 | 811,000,000 | 675,000,000 | 588,000,000 | 487,000,000 | 558,000,000 | 455,000,000 | 333,000,000 | 214,000,000 | 393,000,000 | 442,000,000 | 441,000,000 | 431,000,000 | 365,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
selling, general and administrative expenses | 196,500,000 | 268,000,000 | 259,000,000 | 259,000,000 | 194,000,000 | 258,000,000 | 277,000,000 | 241,000,000 | 171,750,000 | 247,000,000 | 244,000,000 | 196,000,000 | 166,000,000 | 163,750,000 | 166,000,000 | 225,000,000 | 163,000,000 | 140,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income before income taxes | 1,059,750,000 | 1,594,000,000 | 1,635,000,000 | 1,010,000,000 | 1,217,500,000 | 1,809,000,000 | 1,327,000,000 | 1,734,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
less: preferred stock dividends and redemption premiums | -170,000,000 | -169,000,000 | -170,000,000 | -170,000,000 | -169,000,000 | -219,000,000 | -255,000,000 | -280,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gains on sales of assets | 49,250,000 | 192,000,000 | 1,000,000 | 4,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
anadarko acquisition-related costs | 7,000,000 | 4,000,000 | 13,000,000 | 65,000,000 | 31,000,000 | 29,000,000 | 52,000,000 | 41,000,000 | 37,000,000 | 5,000,000 | 149,000,000 | 148,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gains on interest rate swaps | 83,000,000 | 70,000,000 | 127,000,000 | 135,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income tax benefit | -467,000,000 | -471,000,000 | -1,231,000,000 | 1,793,000,000 | -469,000,000 | -387,000,000 | -43,000,000 | -16,000,000 | 276,000,000 | 403,000,000 | 1,468,000,000 | 82,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gains on sales of assets and equity investments | 58,000,000 | 74,000,000 | 23,000,000 | 135,000,000 | 111,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income from equity investments | 207,000,000 | 196,000,000 | 201,000,000 | 189,000,000 | 168,000,000 | 163,000,000 | 179,000,000 | 121,000,000 | 187,000,000 | 123,000,000 | 193,000,000 | -133,000,000 | 99,000,000 | 104,000,000 | 97,000,000 | 73,000,000 | 103,000,000 | 87,000,000 | 78,000,000 | 63,000,000 | 80,000,000 | 60,000,000 | 187,000,000 | 30,000,000 | 39,000,000 | 58,000,000 | 51,000,000 | 33,000,000 | 54,000,000 | 60,000,000 | 58,000,000 | 36,000,000 | 88,000,000 | 93,000,000 | 83,000,000 | 67,000,000 | 107,000,000 | 106,000,000 | 86,000,000 | 96,000,000 | 656,000,000 | -90,000,000 | -101,000,000 | -73,000,000 | -66,000,000 | -45,000,000 | -57,000,000 | ||||||||||||||||||||||||||||||||
loss from discontinued operations, net of tax | -445,000,000 | -1,415,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss from discontinued operations—basic | -480,000 | -1,540,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss from discontinued operations—diluted | -460,000 | -1,540,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income from discontinued operations, net of tax | -111,000,000 | -2,000,000 | 3,000,000 | -333,750,000 | 80,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income from discontinued operations—basic | -117,500 | 10,000 | -365,000 | 90,000 | -5,000 | -20,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income from discontinued operations—diluted | -115,000 | 10,000 | -0.365 | 0.09 | -5,000 | -20,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gains on sales of equity investments and other assets | 29,750,000 | 5,000,000 | 3,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gains on interest rate swaps and warrants | -28,000,000 | -26,000,000 | -223,000,000 | 399,000,000 | 266,000,000 | -33,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net loss attributable to common stockholders | -97,000,000 | -346,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss from continuing operations—basic | -110,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net loss attributable to common stockholders—basic | -100,000 | -370,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss from continuing operations—diluted | -110,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net loss attributable to common stockholders—diluted | -100,000 | -360,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss before income taxes and other items | -205,000,000 | -301,250,000 | -326,000,000 | -596,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gains on sale of assets | -842,000,000 | -846,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gains on interest rate swaps and berkshire warrants | -143,250,000 | 88,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income attributable to common stockholders per share—basic | -3.93 | -4.07 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income attributable to common stockholders per share—diluted | -3.93 | -4.07 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on sale of assets | 15,000,000 | 37,500,000 | 128,000,000 | 15,000,000 | 7,000,000 | 242,250,000 | 926,000,000 | 10,000,000 | 33,000,000 | 149,500,000 | 86,000,000 | 512,000,000 | 138,000,000 | 23,500,000 | 99,000,000 | 19,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
losses on interest rate swaps and berkshire warrants | -76,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
dividends per common share | 10,000 | 790,000 | 580,000 | 780,000 | 770,000 | 770,000 | 770,000 | 770,000 | 760,000 | 760,000 | 760,000 | 760,000 | 750,000 | 750,000 | 750,000 | 750,000 | 750,000 | 720,000 | 720,000 | 720,000 | 720,000 | 720,000 | 640,000 | 640,000 | 640,000 | 640,000 | 540,000 | 540,000 | 540,000 | 540,000 | 460,000 | 460,000 | 460,000 | 460,000 | 380,000 | 380,000 | 380,000 | 330,000 | 330,000 | 330,000 | 330,000 | 320,000 | 320,000 | 320,000 | 250,000 | 250,000 | 250,000 | 220,000 | 360,000 | 360,000 | |||||||||||||||||||||||||||||
gain on sale of equity investments and other assets | 7,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
selling, general and administrative | 260,000,000 | 337,000,000 | 242,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
losses on interest rate swaps and warrants | -585,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(a) includes 1.2 billion of impairment related to the write-off of goodwill. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest, dividends, and other income | 43,750,000 | 56,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
revenues and other income - sum | 3,609,000,000 | 5,871,000,000 | 4,476,000,000 | 4,089,000,000 | 4,802,000,000 | 6,176,000,000 | 4,131,000,000 | 3,825,000,000 | 3,588,000,000 | 3,105,000,000 | 3,603,000,000 | 2,978,000,000 | 2,826,000,000 | 2,733,000,000 | 2,558,000,000 | 2,281,000,000 | 2,843,000,000 | 3,246,000,000 | 3,514,000,000 | 3,096,000,000 | 6,846,000,000 | 6,118,000,000 | 7,233,000,000 | 6,475,000,000 | 6,121,000,000 | 5,907,000,000 | 6,187,000,000 | 5,991,000,000 | 5,792,000,000 | 6,283,000,000 | 6,056,000,000 | 6,076,000,000 | 6,208,000,000 | 5,779,000,000 | 3,629,250,000 | 4,929,000,000 | 4,795,000,000 | 4,793,000,000 | 3,103,000,000 | 4,067,000,000 | 7,119,000,000 | ||||||||||||||||||||||||||||||||||||||
transportation expense | 340,000,000 | 217,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other operating expense | 215,250,000 | 363,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
depreciation, depletion, and amortization | 927,500,000 | 1,706,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
asset impairments and other items | 81,250,000 | 325,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
anadarko merger-related costs | 243,500,000 | 924,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
costs and other deductions - sum | 3,375,250,000 | 6,563,000,000 | 3,632,000,000 | 3,306,000,000 | 4,073,000,000 | 3,684,000,000 | 3,059,000,000 | 2,841,000,000 | 3,602,000,000 | 2,890,000,000 | 2,998,000,000 | 2,813,000,000 | 3,466,000,000 | 3,059,000,000 | 2,841,000,000 | 2,877,000,000 | 9,592,000,000 | 6,357,000,000 | 3,068,000,000 | 3,366,000,000 | 8,238,000,000 | 4,084,000,000 | 4,537,000,000 | 3,864,000,000 | 4,719,000,000 | 3,956,000,000 | 3,979,000,000 | 3,800,000,000 | 5,644,000,000 | 3,847,000,000 | 3,686,000,000 | 3,686,000,000 | 3,547,000,000 | 3,337,000,000 | 3,359,000,000 | 3,417,000,000 | 2,242,750,000 | 2,964,000,000 | 3,034,000,000 | 2,524,000,000 | 3,534,000,000 | 3,320,000,000 | 2,978,000,000 | ||||||||||||||||||||||||||||||||||||
other items - sum | 60,250,000 | 71,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
discontinued operations, net of tax | -3,750,000 | -15,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
less: net income attributable to noncontrolling interests | -10,500,000 | -42,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cost of sales | 1,386,000,000 | 1,345,000,000 | 1,954,000,000 | 1,786,000,000 | 1,465,000,000 | 1,363,000,000 | 1,325,000,000 | 1,357,000,000 | 1,486,000,000 | 1,426,000,000 | 1,326,000,000 | 1,338,000,000 | 1,244,000,000 | 1,281,000,000 | 1,354,000,000 | 1,413,000,000 | 1,480,000,000 | 2,586,000,000 | -3,077,000,000 | 3,385,000,000 | 3,297,000,000 | 3,198,000,000 | -1,969,000,000 | 3,214,000,000 | 3,180,000,000 | 3,137,000,000 | -1,342,000,000 | 3,176,000,000 | 3,060,000,000 | 2,950,000,000 | -740,000,000 | 2,879,000,000 | 2,720,000,000 | 2,526,000,000 | 1,829,500,000 | 2,444,000,000 | 2,432,000,000 | 2,442,000,000 | 1,563,250,000 | 2,130,000,000 | 2,059,000,000 | 2,064,000,000 | -564,000,000 | 2,844,000,000 | 2,462,000,000 | 1,638,250,000 | 2,297,000,000 | 2,205,000,000 | 2,134,000,000 | 1,989,000,000 | |||||||||||||||||||||||||||||
other operating and non-operating expenses | 260,000,000 | 238,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
asset impairments and related items | 305,000,000 | 214,000,000 | 12,000,000 | 30,000,000 | 521,000,000 | 11,000,000 | 13,000,000 | 526,000,000 | 221,000,000 | 78,000,000 | 6,518,000,000 | 3,397,000,000 | 324,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
anadarko transaction-related costs | 50,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
provision for domestic and foreign income taxes | -306,000,000 | -225,000,000 | -337,750,000 | -710,000,000 | -302,000,000 | -339,000,000 | -5,987,000,000 | 855,000,000 | 875,000,000 | 1,139,000,000 | 949,000,000 | 1,087,000,000 | 1,111,000,000 | 1,054,000,000 | 586,250,000 | 816,000,000 | 729,000,000 | 455,000,000 | 241,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic earnings per common share | 840,000 | 840,000 | 940,000 | 2,440,000 | 1,100,000 | 920,000 | 650,000 | 250,000 | 660,000 | 150,000 | -350,000 | -320,000 | -180,000 | 100,000 | -6,770,000 | -3,420,000 | 230,000 | -280,000 | -4,340,000 | 1,550,000 | 1,830,000 | 1,750,000 | 2,050,000 | 1,960,000 | 1,640,000 | 1,680,000 | 420,000 | 1,690,000 | 1,640,000 | 1,920,000 | 2,010,000 | 2,170,000 | 2,230,000 | 1,900,000 | 1,490,000 | 1,460,000 | 1,310,000 | 1,310,000 | 1,160,000 | 1,140,000 | 840,000 | 450,000 | 570,000 | 2,790,000 | 2,240,000 | 1,750,000 | 1,590,000 | 1,680,000 | 1,990,000 | 2,900,000 | |||||||||||||||||||||||||||||
diluted earnings per common share | 840,000 | 840,000 | 940,000 | 2,440,000 | 1,100,000 | 920,000 | 640,000 | 250,000 | 660,000 | 150,000 | -350,000 | -320,000 | -180,000 | 100,000 | -6,770,000 | -3,420,000 | 230,000 | -280,000 | -4,340,000 | 1,550,000 | 1,820,000 | 1,750,000 | 2,040,000 | 1,960,000 | 1,640,000 | 1,680,000 | 420,000 | 1,690,000 | 1,640,000 | 1,920,000 | 2,010,000 | 2,170,000 | 2,230,000 | 1,900,000 | 1,490,000 | 1,460,000 | 1,310,000 | 1,310,000 | 1,150,000 | 1,140,000 | 840,000 | 450,000 | 560,000 | 2,780,000 | 2,230,000 | 1,750,000 | 1,580,000 | 1,680,000 | 1,970,000 | 2,860,000 | |||||||||||||||||||||||||||||
selling, general and administrative and other operating expenses | 473,000,000 | 431,000,000 | 402,000,000 | 307,000,000 | 448,000,000 | 352,000,000 | 352,000,000 | 272,000,000 | 404,000,000 | 316,000,000 | 338,000,000 | 272,000,000 | 320,000,000 | 292,000,000 | 347,000,000 | 311,000,000 | 176,000,000 | 441,000,000 | 498,000,000 | 388,000,000 | 454,000,000 | 459,000,000 | 495,000,000 | 393,000,000 | 439,000,000 | 394,000,000 | 335,000,000 | 434,000,000 | 452,000,000 | 242,000,000 | 388,000,000 | 441,000,000 | 399,000,000 | 288,000,000 | 375,000,000 | 359,000,000 | 359,000,000 | 362,000,000 | 270,000,000 | -16,000,000 | 393,000,000 | 400,000,000 | 347,000,000 | 376,000,000 | |||||||||||||||||||||||||||||||||||
benefit for domestic and foreign income taxes | -112,000,000 | -85,000,000 | -285,000,000 | -78,000,000 | 96,000,000 | 203,000,000 | 35,000,000 | 445,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
discontinued operations | -431,440,000 | -3,000,000 | -3,000,000 | 438,000,000 | 10,410,000 | -3,000,000 | -3,000,000 | 3,000,000 | -28,000,000 | -4,000,000 | -4,000,000 | -7,000,000 | -4,000,000 | -2,000,000 | 144,000,000 | -21,000,000 | -5,000,000 | -6,000,000 | -7,000,000 | -5,000,000 | -2,000,000 | -5,000,000 | -1,000,000 | 27,000,000 | 4,000,000 | 8,000,000 | 267,000,000 | 13,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
gain on disposal of assets | 49,500,000 | 60,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
the accompanying notes are an integral part of these consolidated financial statements. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
benefit from domestic and foreign income taxes | 333,000,000 | 30,000,000 | 19,000,000 | 311,250,000 | 549,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss from continuing operations | -183,500,000 | -238,000,000 | -360,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income attributable to common stock | -5,178,000,000 | -2,609,000,000 | 176,000,000 | -218,000,000 | -3,413,000,000 | 1,208,000,000 | 1,431,000,000 | 1,390,000,000 | 1,549,000,000 | 1,212,000,000 | 1,191,000,000 | 1,064,000,000 | 938,000,000 | 927,000,000 | 682,000,000 | 368,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss on sale of assets | -24,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on sale of assets and equity investments | 1,985,000,000 | 525,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
asset impairments | 117,750,000 | 471,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on sale of equity investment | 32,750,000 | 131,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gains on disposition of assets | 250,000 | 1,000,000 | -7,000,000 | 21,000,000 | 6,000,000 | -6,000,000 | 1,000,000 | 3,000,000 | 7,000,000 | 2,000,000 | -3,000,000 | 157,000,000 | 308,000,000 | 16,000,000 | 3,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(income) from equity investments | -75,250,000 | -123,000,000 | -81,000,000 | -48,250,000 | -69,000,000 | -59,000,000 | -65,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income attributable to | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock | 1,284,250,000 | 1,771,000,000 | 1,817,000,000 | 1,063,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
environmental remediation | 19,000,000 | 6,000,000 | 15,000,000 | 10,000,000 | -2,000,000 | 4,000,000 | 36,000,000 | 10,000,000 | 6,000,000 | 9,000,000 | 7,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
and other operating expenses | 309,000,000 | 282,250,000 | 405,000,000 | 388,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
provision for domestic and foreign | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income taxes | 800,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
less: net income attributable to noncontrolling | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest | -12,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic earnings per common share – attributable to common stock | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
diluted earnings per common share – attributable to common stock | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income before taxes and other items | 2,709,500,000 | 3,799,000,000 | 3,096,000,000 | 2,507,000,000 | 2,169,000,000 | 2,052,000,000 | 2,077,000,000 | 2,116,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
provision for domestic and foreign income and other taxes | 1,127,750,000 | 1,546,000,000 | 1,294,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
minority interest | 12,000,000 | 38,000,000 | 29,000,000 | 31,000,000 | 16,000,000 | 21,000,000 | 34,000,000 | 37,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
weighted average basic shares | 815,300,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
weighted average diluted shares | 817,700,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
the accompanying notes are an integral part of these financial statements. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
revenues | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on disposition of assets | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
weighted-average basic shares | 823,600,000 | 833,100,000 | 837,700,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
weighted-average diluted shares | 828,200,000 | 837,000,000 | 841,800,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
benefit from domestic and foreign | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income and other taxes | 612,500,000 | 862,000,000 | 904,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
benefit from domestic and foreign income and other taxes | 881,000,000 | 932,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic shares | 430,100,000 | 424,200,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
diluted shares | 433,900,000 | 430,500,000 |
Balance Sheets:
Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 | 2017-12-31 | 2017-09-30 | 2017-06-30 | 2017-03-31 | 2016-12-31 | 2016-09-30 | 2016-06-30 | 2016-03-31 | 2015-12-31 | 2015-09-30 | 2015-06-30 | 2015-03-31 | 2014-12-31 | 2014-09-30 | 2014-06-30 | 2014-03-31 | 2013-12-31 | 2013-09-30 | 2013-06-30 | 2013-03-31 | 2012-12-31 | 2012-09-30 | 2012-06-30 | 2012-03-31 | 2011-12-31 | 2011-09-30 | 2011-06-30 | 2011-03-31 | 2010-12-31 | 2010-09-30 | 2010-06-30 | 2010-03-31 | 2009-12-31 | 2009-09-30 | 2009-06-30 | 2009-03-31 | 2008-12-31 | 2008-09-30 | 2008-03-31 | 2007-12-31 | 2007-09-30 | 2007-06-30 | 2006-12-31 | 2006-06-30 | 2006-03-31 | 2005-12-31 |
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assets | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents | 3,811,000,000 | 1,968,000,000 | 2,159,000,000 | 2,326,000,000 | 2,612,000,000 | 2,132,000,000 | 1,759,000,000 | 1,845,000,000 | 1,272,000,000 | 1,426,000,000 | 611,000,000 | 486,000,000 | 1,165,000,000 | 984,000,000 | 1,233,000,000 | 1,362,000,000 | 1,909,000,000 | 2,764,000,000 | 2,059,000,000 | 4,569,000,000 | 2,270,000,000 | 2,008,000,000 | 1,896,000,000 | 1,011,000,000 | 2,021,000,000 | 3,032,000,000 | 4,840,000,000 | 1,751,000,000 | 1,752,000,000 | 3,033,000,000 | 2,954,000,000 | 1,362,000,000 | 1,606,000,000 | 1,672,000,000 | 1,806,000,000 | 2,218,000,000 | 1,494,000,000 | 2,233,000,000 | 3,180,000,000 | 3,751,000,000 | 3,176,000,000 | 3,201,000,000 | 2,547,000,000 | 2,756,000,000 | 2,153,000,000 | 3,789,000,000 | 2,897,000,000 | 2,391,000,000 | 2,332,000,000 | 3,393,000,000 | 3,771,000,000 | 3,069,000,000 | 2,140,000,000 | 1,592,000,000 | 3,760,000,000 | 4,410,000,000 | 3,760,000,000 | 3,781,000,000 | 4,039,000,000 | 1,994,000,000 | 2,100,000,000 | 2,578,000,000 | 2,109,000,000 | 2,322,000,000 | 1,895,000,000 | 1,230,000,000 | 1,608,000,000 | 1,755,000,000 | 1,126,000,000 | 1,777,000,000 | 1,452,000,000 | 1,495,000,000 | 1,964,000,000 | 1,455,000,000 | 1,505,000,000 | 1,339,000,000 | 1,356,000,000 | 1,804,000,000 | 2,189,000,000 |
trade receivables | 3,677,000,000 | 2,575,000,000 | 4,046,000,000 | 6,350,000,000 | 5,434,000,000 | 3,477,000,000 | 3,288,000,000 | 3,046,000,000 | 2,083,000,000 | 2,359,000,000 | 2,458,000,000 | 5,854,000,000 | 5,273,000,000 | 5,310,000,000 | 6,000,000,000 | 5,521,000,000 | 5,184,000,000 | 3,749,000,000 | 3,913,000,000 | 4,316,000,000 | 3,521,000,000 | 3,113,000,000 | 2,780,000,000 | 3,507,000,000 | 3,973,000,000 | 3,068,000,000 | 4,960,000,000 | 5,826,000,000 | 5,233,000,000 | 5,653,000,000 | 5,221,000,000 | 4,995,000,000 | 5,354,000,000 | 4,959,000,000 | 5,712,000,000 | 5,395,000,000 | 4,829,000,000 | 5,542,000,000 | 6,009,000,000 | 5,032,000,000 | 4,367,000,000 | 4,335,000,000 | 4,616,000,000 | 4,142,000,000 | 3,330,000,000 | 2,776,000,000 | 2,483,000,000 | 3,117,000,000 | |||||||||||||||||||||||||||||||
joint interest receivables | 791,000,000 | 684,000,000 | 667,000,000 | 638,000,000 | 657,000,000 | 720,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
inventories | 1,862,000,000 | 1,823,000,000 | 2,117,000,000 | 1,874,000,000 | 2,139,000,000 | 2,095,000,000 | 2,275,000,000 | 2,813,000,000 | 2,131,000,000 | 2,022,000,000 | 1,975,000,000 | 2,021,000,000 | 2,311,000,000 | 2,059,000,000 | 1,937,000,000 | 1,564,000,000 | 1,406,000,000 | 1,846,000,000 | 1,773,000,000 | 1,837,000,000 | 2,173,000,000 | 1,898,000,000 | 1,660,000,000 | 1,477,000,000 | 1,436,000,000 | 1,447,000,000 | 1,601,000,000 | 1,582,000,000 | 1,484,000,000 | 1,260,000,000 | 1,009,000,000 | 1,347,000,000 | 1,057,000,000 | 1,246,000,000 | 1,007,000,000 | 920,000,000 | 1,005,000,000 | 866,000,000 | 927,000,000 | 906,000,000 | 997,000,000 | 986,000,000 | 1,122,000,000 | 1,120,000,000 | 1,133,000,000 | 1,052,000,000 | 1,359,000,000 | 1,323,000,000 | 1,308,000,000 | 1,200,000,000 | 1,328,000,000 | 1,340,000,000 | 1,306,000,000 | 1,344,000,000 | 1,297,000,000 | 1,499,000,000 | 1,250,000,000 | 1,069,000,000 | 1,249,000,000 | 1,202,000,000 | 1,091,000,000 | 1,041,000,000 | 1,127,000,000 | 1,220,000,000 | 1,066,000,000 | 1,081,000,000 | 1,132,000,000 | 1,069,000,000 | 1,007,000,000 | 958,000,000 | 957,000,000 | 829,000,000 | 910,000,000 | 952,000,000 | 871,000,000 | 825,000,000 | 721,000,000 | 718,000,000 | 735,000,000 |
other current assets | 933,000,000 | 601,000,000 | 700,000,000 | 670,000,000 | 699,000,000 | 597,000,000 | 1,596,000,000 | 1,538,000,000 | 1,671,000,000 | 1,732,000,000 | 2,006,000,000 | 2,097,000,000 | 1,394,000,000 | 1,562,000,000 | 1,533,000,000 | 1,132,000,000 | 1,309,000,000 | 1,297,000,000 | 1,272,000,000 | 1,196,000,000 | 1,153,000,000 | 1,195,000,000 | 1,445,000,000 | 2,054,000,000 | 2,220,000,000 | 1,323,000,000 | 1,750,000,000 | 819,000,000 | 724,000,000 | 746,000,000 | 1,149,000,000 | 1,096,000,000 | 712,000,000 | 733,000,000 | 483,000,000 | 466,000,000 | 1,261,000,000 | 1,340,000,000 | 1,083,000,000 | 1,202,000,000 | 1,284,000,000 | 911,000,000 | 890,000,000 | 777,000,000 | 815,000,000 | 807,000,000 | 1,291,000,000 | 1,246,000,000 | 1,201,000,000 | 1,056,000,000 | 1,186,000,000 | 1,229,000,000 | 1,713,000,000 | 1,640,000,000 | |||||||||||||||||||||||||
current assets held for sale | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total current assets | 11,074,000,000 | 8,827,000,000 | 8,812,000,000 | 8,977,000,000 | 9,716,000,000 | 9,070,000,000 | 9,554,000,000 | 10,092,000,000 | 8,345,000,000 | 8,375,000,000 | 8,266,000,000 | 7,454,000,000 | 8,142,000,000 | 8,886,000,000 | 8,749,000,000 | 10,408,000,000 | 10,058,000,000 | 10,211,000,000 | 9,899,000,000 | 12,844,000,000 | 10,074,000,000 | 8,819,000,000 | 10,694,000,000 | 8,437,000,000 | 14,109,000,000 | 18,681,000,000 | 20,944,000,000 | 9,425,000,000 | 9,270,000,000 | 9,932,000,000 | 11,112,000,000 | 10,990,000,000 | 8,894,000,000 | 8,270,000,000 | 7,045,000,000 | 8,075,000,000 | 8,238,000,000 | 8,428,000,000 | 8,711,000,000 | 8,972,000,000 | 8,237,000,000 | 9,402,000,000 | 10,540,000,000 | 11,008,000,000 | 10,434,000,000 | 13,873,000,000 | 10,507,000,000 | 10,786,000,000 | 10,899,000,000 | 11,323,000,000 | 11,938,000,000 | 10,859,000,000 | 10,154,000,000 | 9,492,000,000 | 11,909,000,000 | 12,133,000,000 | 11,987,000,000 | 11,542,000,000 | 11,376,000,000 | 9,943,000,000 | 10,591,000,000 | 13,059,000,000 | 8,922,000,000 | 9,189,000,000 | 9,088,000,000 | 8,086,000,000 | 7,000,000,000 | 6,658,000,000 | 5,936,000,000 | 7,172,000,000 | 9,620,000,000 | 8,781,000,000 | 8,595,000,000 | 6,853,000,000 | 6,840,000,000 | 6,006,000,000 | 6,548,000,000 | 8,082,000,000 | 6,574,000,000 |
property, plant and equipment, gross | 138,123,000,000 | 145,770,000,000 | 144,052,000,000 | 142,344,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accumulated depreciation, depletion and amortization | -75,007,000,000 | -74,110,000,000 | -78,333,000,000 | -75,778,000,000 | -74,117,000,000 | -71,576,000,000 | -69,547,000,000 | -71,352,000,000 | -69,779,000,000 | -68,282,000,000 | -66,671,000,000 | -65,550,000,000 | -63,957,000,000 | -62,350,000,000 | -61,183,000,000 | -59,728,000,000 | -58,313,000,000 | -58,227,000,000 | -56,548,000,000 | -54,720,000,000 | -55,205,000,000 | -53,075,000,000 | -52,038,000,000 | -52,919,000,000 | -44,389,000,000 | -42,983,000,000 | -39,072,000,000 | -38,956,000,000 | -39,419,000,000 | -34,785,000,000 | -33,231,000,000 | -28,032,000,000 | -13,638,000,000 | -11,791,000,000 | |||||||||||||||||||||||||||||||||||||||||||||
total property, plant and equipment | 63,116,000,000 | 63,643,000,000 | 67,437,000,000 | 68,274,000,000 | 68,227,000,000 | 69,378,000,000 | 58,529,000,000 | 58,384,000,000 | 59,930,000,000 | 65,889,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating lease assets | 890,000,000 | 908,000,000 | 1,170,000,000 | 1,189,000,000 | 925,000,000 | 937,000,000 | 961,000,000 | 1,022,000,000 | 1,038,000,000 | 1,130,000,000 | 854,000,000 | 827,000,000 | 852,000,000 | 903,000,000 | 825,000,000 | 721,000,000 | 689,000,000 | 726,000,000 | 804,000,000 | 860,000,000 | 949,000,000 | 1,062,000,000 | 1,196,000,000 | 1,129,000,000 | 1,193,000,000 | 1,385,000,000 | 1,078,000,000 | 681,000,000 | 684,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
investments in unconsolidated entities | 2,341,000,000 | 2,475,000,000 | 2,989,000,000 | 2,944,000,000 | 3,121,000,000 | 3,159,000,000 | 3,195,000,000 | 3,460,000,000 | 3,400,000,000 | 3,224,000,000 | 3,320,000,000 | 3,431,000,000 | 3,161,000,000 | 3,176,000,000 | 3,156,000,000 | 3,328,000,000 | 3,015,000,000 | 2,938,000,000 | 3,266,000,000 | 3,249,000,000 | 3,170,000,000 | 3,250,000,000 | 3,125,000,000 | 6,128,000,000 | 6,050,000,000 | 6,389,000,000 | 3,684,000,000 | 1,777,000,000 | 1,725,000,000 | 1,568,000,000 | 1,551,000,000 | 1,509,000,000 | 1,526,000,000 | 1,572,000,000 | 1,436,000,000 | 1,544,000,000 | 1,547,000,000 | 1,511,000,000 | 1,459,000,000 | 1,713,000,000 | 1,808,000,000 | 1,917,000,000 | 1,894,000,000 | 1,982,000,000 | 1,972,000,000 | 1,965,000,000 | 2,072,000,000 | 2,105,000,000 | 2,084,000,000 | 2,093,000,000 | 2,039,000,000 | 1,777,000,000 | 1,786,000,000 | 1,776,000,000 | 1,732,000,000 | 1,450,000,000 | 1,350,000,000 | 1,296,000,000 | 1,263,000,000 | 1,250,000,000 | 879,000,000 | 783,000,000 | 754,000,000 | 850,000,000 | 1,344,000,000 | 1,488,000,000 | 1,254,000,000 | 1,209,000,000 | |||||||||||
non-current assets held for sale | 5,344,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other long-term assets | 3,043,000,000 | 2,989,000,000 | 3,064,000,000 | 2,976,000,000 | 2,978,000,000 | 2,901,000,000 | 2,751,000,000 | 2,772,000,000 | 2,731,000,000 | 2,750,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total non-current assets | 6,274,000,000 | 11,716,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total assets | 80,464,000,000 | 84,186,000,000 | 83,472,000,000 | 84,360,000,000 | 84,967,000,000 | 85,445,000,000 | 85,803,000,000 | 76,216,000,000 | 74,277,000,000 | 74,008,000,000 | 71,827,000,000 | 71,199,000,000 | 71,600,000,000 | 72,609,000,000 | 72,144,000,000 | 74,221,000,000 | 74,222,000,000 | 75,036,000,000 | 75,758,000,000 | 79,937,000,000 | 79,355,000,000 | 80,064,000,000 | 84,434,000,000 | 89,452,000,000 | 101,643,000,000 | 109,330,000,000 | 125,443,000,000 | 44,770,000,000 | 44,380,000,000 | 43,854,000,000 | 44,957,000,000 | 44,067,000,000 | 42,808,000,000 | 42,026,000,000 | 41,443,000,000 | 41,982,000,000 | 42,465,000,000 | 43,109,000,000 | 41,630,000,000 | 42,395,000,000 | 42,018,000,000 | 43,437,000,000 | 50,089,000,000 | 54,369,000,000 | 53,389,000,000 | 56,259,000,000 | 71,510,000,000 | 70,293,000,000 | 69,275,000,000 | 69,443,000,000 | 69,437,000,000 | 67,422,000,000 | 65,824,000,000 | 64,210,000,000 | 65,625,000,000 | 64,283,000,000 | 61,622,000,000 | 57,244,000,000 | 54,595,000,000 | 54,065,000,000 | 47,503,000,000 | 46,259,000,000 | 45,531,000,000 | 42,214,000,000 | 41,835,000,000 | 40,620,000,000 | 42,589,000,000 | 38,486,000,000 | 36,519,000,000 | ||||||||||
liabilities | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
current maturities of long-term debt | 424,000,000 | 1,773,000,000 | 1,616,000,000 | 433,000,000 | 1,557,000,000 | 1,138,000,000 | 1,179,000,000 | 1,347,000,000 | 1,203,000,000 | 1,202,000,000 | 1,224,000,000 | 158,000,000 | 139,000,000 | 165,000,000 | 546,000,000 | 459,000,000 | 507,000,000 | 186,000,000 | 780,000,000 | 651,000,000 | 559,000,000 | 440,000,000 | 2,558,000,000 | 2,460,000,000 | 2,464,000,000 | 51,000,000 | 31,000,000 | 116,000,000 | 116,000,000 | 116,000,000 | 116,000,000 | 500,000,000 | 500,000,000 | 500,000,000 | 500,000,000 | 2,000,000,000 | 1,450,000,000 | 1,450,000,000 | 700,000,000 | 600,000,000 | 600,000,000 | 600,000,000 | 600,000,000 | 12,000,000 | 83,000,000 | 239,000,000 | |||||||||||||||||||||||||||||||||
accounts payable | 3,776,000,000 | 3,285,000,000 | 3,532,000,000 | 3,823,000,000 | 3,779,000,000 | 3,753,000,000 | 3,935,000,000 | 4,282,000,000 | 3,827,000,000 | 3,646,000,000 | 3,908,000,000 | 3,557,000,000 | 3,514,000,000 | 4,029,000,000 | 3,715,000,000 | 5,197,000,000 | 4,664,000,000 | 3,899,000,000 | 3,713,000,000 | 3,544,000,000 | 3,416,000,000 | 2,987,000,000 | 2,682,000,000 | 3,034,000,000 | 3,845,000,000 | 7,017,000,000 | 6,789,000,000 | 5,445,000,000 | 5,261,000,000 | 4,885,000,000 | 5,443,000,000 | 5,412,000,000 | 5,059,000,000 | 4,408,000,000 | 3,734,000,000 | 3,825,000,000 | 4,071,000,000 | 3,926,000,000 | 3,392,000,000 | 3,126,000,000 | 2,801,000,000 | 3,727,000,000 | 4,145,000,000 | 3,867,000,000 | 5,229,000,000 | 5,511,000,000 | 6,097,000,000 | 5,423,000,000 | 5,520,000,000 | 5,671,000,000 | 5,274,000,000 | 4,889,000,000 | 4,708,000,000 | 5,504,000,000 | 5,453,000,000 | 5,522,000,000 | 5,304,000,000 | 4,595,000,000 | 5,030,000,000 | 5,076,000,000 | 4,646,000,000 | 3,832,000,000 | 3,952,000,000 | 4,071,000,000 | 3,379,000,000 | 2,999,000,000 | 2,574,000,000 | 2,531,000,000 | 3,306,000,000 | 4,907,000,000 | 4,516,000,000 | 4,263,000,000 | 3,068,000,000 | 2,837,000,000 | 2,263,000,000 | 2,498,000,000 | 2,335,000,000 | 2,069,000,000 | |
accrued liabilities | 4,953,000,000 | 3,592,000,000 | 3,859,000,000 | 3,909,000,000 | 3,894,000,000 | 4,256,000,000 | 4,051,000,000 | 3,660,000,000 | 3,358,000,000 | 3,854,000,000 | 3,497,000,000 | 3,153,000,000 | 2,788,000,000 | 3,290,000,000 | 3,426,000,000 | 3,896,000,000 | 3,356,000,000 | 4,046,000,000 | 3,654,000,000 | 4,325,000,000 | 3,566,000,000 | 3,570,000,000 | 3,470,000,000 | 3,215,000,000 | 3,310,000,000 | 5,302,000,000 | 5,175,000,000 | 2,067,000,000 | 1,920,000,000 | 2,411,000,000 | 2,813,000,000 | 2,521,000,000 | 2,011,000,000 | 2,492,000,000 | 2,128,000,000 | 2,050,000,000 | 2,155,000,000 | 2,436,000,000 | 2,296,000,000 | 2,141,000,000 | 2,025,000,000 | 2,202,000,000 | 2,230,000,000 | 2,152,000,000 | 2,601,000,000 | 2,337,000,000 | 2,332,000,000 | 2,346,000,000 | 2,556,000,000 | 2,488,000,000 | 2,331,000,000 | 2,203,000,000 | 1,966,000,000 | 2,282,000,000 | 2,434,000,000 | 2,328,000,000 | 2,440,000,000 | 2,174,000,000 | 2,230,000,000 | 2,856,000,000 | 2,397,000,000 | 2,162,000,000 | 1,923,000,000 | 1,958,000,000 | 2,341,000,000 | 1,682,000,000 | 1,700,000,000 | 1,647,000,000 | 1,861,000,000 | 2,005,000,000 | 1,584,000,000 | 1,399,000,000 | 1,465,000,000 | 1,496,000,000 | 1,575,000,000 | 1,831,000,000 | 1,829,000,000 | 1,635,000,000 | |
liabilities held for sale | 778,000,000 | 145,000,000 | 460,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total current liabilities | 9,153,000,000 | 9,428,000,000 | 9,421,000,000 | 8,564,000,000 | 9,623,000,000 | 9,521,000,000 | 9,541,000,000 | 9,699,000,000 | 8,812,000,000 | 9,148,000,000 | 8,941,000,000 | 7,456,000,000 | 7,440,000,000 | 7,757,000,000 | 7,935,000,000 | 9,730,000,000 | 8,700,000,000 | 8,324,000,000 | 9,126,000,000 | 9,586,000,000 | 8,631,000,000 | 8,223,000,000 | 10,500,000,000 | 9,919,000,000 | 11,963,000,000 | 14,949,000,000 | 15,697,000,000 | 7,880,000,000 | 7,537,000,000 | 7,412,000,000 | 8,372,000,000 | 8,078,000,000 | 7,070,000,000 | 7,400,000,000 | 6,362,000,000 | 6,391,000,000 | 6,852,000,000 | 6,362,000,000 | 5,688,000,000 | 5,267,000,000 | 6,826,000,000 | 7,433,000,000 | 7,825,000,000 | 6,915,000,000 | 8,244,000,000 | 9,521,000,000 | 8,869,000,000 | 8,190,000,000 | 8,434,000,000 | 8,842,000,000 | 8,234,000,000 | 7,786,000,000 | 7,290,000,000 | 7,834,000,000 | 7,887,000,000 | 8,098,000,000 | 7,947,000,000 | 7,004,000,000 | 8,093,000,000 | 9,391,000,000 | 7,825,000,000 | 6,298,000,000 | 6,062,000,000 | 6,440,000,000 | 6,092,000,000 | 5,106,000,000 | 5,411,000,000 | 5,365,000,000 | 6,134,000,000 | 8,064,000,000 | 7,031,000,000 | 6,266,000,000 | 4,963,000,000 | 5,149,000,000 | 4,724,000,000 | 4,826,000,000 | 5,655,000,000 | 4,280,000,000 | |
long-term debt | 15,247,000,000 | 20,623,000,000 | 20,846,000,000 | 23,342,000,000 | 24,037,000,000 | 24,978,000,000 | 25,456,000,000 | 18,390,000,000 | 18,545,000,000 | 18,536,000,000 | 18,597,000,000 | 19,669,000,000 | 19,645,000,000 | 19,670,000,000 | 20,478,000,000 | 21,743,000,000 | 25,865,000,000 | 29,431,000,000 | 30,915,000,000 | 35,352,000,000 | 35,466,000,000 | 35,745,000,000 | 35,899,000,000 | 36,034,000,000 | 36,058,000,000 | 38,537,000,000 | 10,155,000,000 | 10,203,000,000 | 10,201,000,000 | 10,198,000,000 | 10,312,000,000 | 10,309,000,000 | 9,328,000,000 | 9,326,000,000 | 9,324,000,000 | 9,322,000,000 | 9,819,000,000 | 8,333,000,000 | 8,331,000,000 | 5,608,000,000 | 6,882,000,000 | 6,880,000,000 | 6,139,000,000 | 6,838,000,000 | 6,837,000,000 | 6,835,000,000 | 6,877,000,000 | 6,939,000,000 | 6,961,000,000 | 7,026,000,000 | 7,024,000,000 | 7,023,000,000 | 7,622,000,000 | 7,620,000,000 | 5,873,000,000 | 5,871,000,000 | 5,870,000,000 | 3,749,000,000 | 3,748,000,000 | 5,111,000,000 | 2,512,000,000 | 2,511,000,000 | 2,511,000,000 | 2,557,000,000 | 2,556,000,000 | 2,567,000,000 | 1,822,000,000 | 2,049,000,000 | 1,057,000,000 | 1,775,000,000 | 1,741,000,000 | 2,619,000,000 | 2,816,000,000 | 3,273,000,000 | 2,873,000,000 | ||||
deferred income taxes | 5,033,000,000 | 5,636,000,000 | 5,402,000,000 | 5,245,000,000 | 5,263,000,000 | 5,394,000,000 | 5,630,000,000 | 5,680,000,000 | 5,728,000,000 | 5,764,000,000 | 5,666,000,000 | 5,605,000,000 | 5,527,000,000 | 5,512,000,000 | 5,304,000,000 | 5,020,000,000 | 4,806,000,000 | 7,039,000,000 | 6,825,000,000 | 6,808,000,000 | 6,941,000,000 | 7,113,000,000 | 7,508,000,000 | 7,887,000,000 | 9,403,000,000 | 9,717,000,000 | 9,920,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
asset retirement obligations | 4,128,000,000 | 4,172,000,000 | 3,856,000,000 | 3,825,000,000 | 3,854,000,000 | 4,042,000,000 | 3,888,000,000 | 3,848,000,000 | 3,867,000,000 | 3,882,000,000 | 3,636,000,000 | 3,667,000,000 | 3,618,000,000 | 3,636,000,000 | 3,553,000,000 | 3,600,000,000 | 3,634,000,000 | 3,687,000,000 | 3,942,000,000 | 3,949,000,000 | 4,030,000,000 | 3,977,000,000 | 4,135,000,000 | 4,316,000,000 | 4,428,000,000 | 4,385,000,000 | 4,164,000,000 | 1,433,000,000 | 1,430,000,000 | 1,424,000,000 | 1,249,000,000 | 1,244,000,000 | 1,248,000,000 | 1,241,000,000 | |||||||||||||||||||||||||||||||||||||||||||||
non-current liabilities held for sale | 418,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other liabilities | 7,343,000,000 | 7,181,000,000 | 7,208,000,000 | 7,085,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total deferred credits and other liabilities | 16,504,000,000 | 17,537,000,000 | 16,439,000,000 | 16,278,000,000 | 16,202,000,000 | 16,466,000,000 | 15,872,000,000 | 15,868,000,000 | 15,953,000,000 | 15,975,000,000 | 14,977,000,000 | 14,963,000,000 | 14,956,000,000 | 15,097,000,000 | 15,011,000,000 | 14,918,000,000 | 14,750,000,000 | 16,954,000,000 | 16,844,000,000 | 16,755,000,000 | 16,958,000,000 | 17,523,000,000 | 18,175,000,000 | 20,153,000,000 | 22,327,000,000 | 5,086,000,000 | 5,230,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
equity | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock, at 1.00 per share par value, issued shares: 2026 — 84,897 and 2025 —84,897 | 8,287,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock | 244,000,000 | 243,000,000 | 243,000,000 | 243,000,000 | 234,000,000 | 233,000,000 | 233,000,000 | 227,000,000 | 223,000,000 | 222,000,000 | 221,000,000 | 221,000,000 | 221,000,000 | 220,000,000 | 220,000,000 | 218,000,000 | 217,000,000 | 217,000,000 | 216,000,000 | 209,000,000 | 209,000,000 | 179,000,000 | 179,000,000 | 179,000,000 | 179,000,000 | 179,000,000 | 179,000,000 | 179,000,000 | 179,000,000 | 179,000,000 | 179,000,000 | 178,000,000 | 178,000,000 | 178,000,000 | 178,000,000 | 178,000,000 | 178,000,000 | 178,000,000 | 178,000,000 | 178,000,000 | 178,000,000 | 178,000,000 | 178,000,000 | 178,000,000 | 178,000,000 | 178,000,000 | 178,000,000 | 178,000,000 | 177,000,000 | 177,000,000 | 177,000,000 | 177,000,000 | 177,000,000 | 177,000,000 | 177,000,000 | 177,000,000 | 177,000,000 | 176,000,000 | 176,000,000 | 176,000,000 | 176,000,000 | 175,000,000 | 175,000,000 | 174,000,000 | 87,000,000 | 86,000,000 | |||||||||||||
treasury stock | -15,676,000,000 | -15,597,000,000 | -15,597,000,000 | -15,597,000,000 | -15,597,000,000 | -15,597,000,000 | -15,591,000,000 | -15,591,000,000 | -15,582,000,000 | -15,582,000,000 | -15,573,000,000 | -14,958,000,000 | -14,524,000,000 | -13,772,000,000 | -13,192,000,000 | -11,391,000,000 | -10,709,000,000 | -10,673,000,000 | -10,668,000,000 | -10,668,000,000 | -10,668,000,000 | -10,665,000,000 | -10,657,000,000 | -10,657,000,000 | -10,653,000,000 | -10,653,000,000 | -10,653,000,000 | -10,653,000,000 | -10,473,000,000 | -10,162,000,000 | -9,268,000,000 | -9,168,000,000 | -9,168,000,000 | -9,154,000,000 | -9,149,000,000 | -9,143,000,000 | -9,143,000,000 | -9,143,000,000 | -9,136,000,000 | -9,128,000,000 | -9,113,000,000 | -9,107,000,000 | -8,734,000,000 | -8,528,000,000 | -6,095,000,000 | -5,091,000,000 | -2,610,000,000 | -1,481,000,000 | -8,000,000 | ||||||||||||||||||||||||||||||
additional paid-in capital | 21,077,000,000 | 21,008,000,000 | 20,926,000,000 | 20,849,000,000 | 19,892,000,000 | 19,868,000,000 | 19,802,000,000 | 17,928,000,000 | 17,456,000,000 | 17,422,000,000 | 17,326,000,000 | 17,218,000,000 | 17,159,000,000 | 17,181,000,000 | 17,129,000,000 | 16,914,000,000 | 16,785,000,000 | 16,749,000,000 | 16,692,000,000 | 16,638,000,000 | 16,585,000,000 | 16,552,000,000 | 16,505,000,000 | 16,235,000,000 | 15,081,000,000 | 14,955,000,000 | 14,867,000,000 | 8,157,000,000 | 8,083,000,000 | 8,046,000,000 | 7,991,000,000 | 7,967,000,000 | 7,916,000,000 | 7,884,000,000 | 7,850,000,000 | 7,824,000,000 | 7,783,000,000 | 7,747,000,000 | 7,719,000,000 | 7,697,000,000 | 7,668,000,000 | 7,664,000,000 | 7,651,000,000 | 7,632,000,000 | 7,599,000,000 | 7,570,000,000 | 7,564,000,000 | 7,543,000,000 | 7,515,000,000 | 7,508,000,000 | 7,510,000,000 | 7,468,000,000 | 7,441,000,000 | 7,398,000,000 | 7,371,000,000 | 7,313,000,000 | 7,273,000,000 | 7,221,000,000 | 7,201,000,000 | 7,182,000,000 | 7,193,000,000 | 7,138,000,000 | 7,132,000,000 | 7,164,000,000 | 7,141,000,000 | 7,083,000,000 | 7,080,000,000 | 7,071,000,000 | 7,043,000,000 | 7,002,000,000 | 6,905,000,000 | 6,998,000,000 | 7,010,000,000 | 4,908,000,000 | |||||
retained earnings | 24,806,000,000 | 21,891,000,000 | 22,198,000,000 | 21,776,000,000 | 21,726,000,000 | 21,189,000,000 | 21,694,000,000 | 20,938,000,000 | 20,147,000,000 | 19,626,000,000 | 18,758,000,000 | 17,762,000,000 | 17,318,000,000 | 16,499,000,000 | 14,888,000,000 | 12,462,000,000 | 9,032,000,000 | 4,480,000,000 | 3,152,000,000 | 2,533,000,000 | 2,639,000,000 | 2,996,000,000 | 4,317,000,000 | 8,105,000,000 | 17,229,000,000 | 20,180,000,000 | 22,227,000,000 | 23,848,000,000 | 23,795,000,000 | 23,750,000,000 | 23,635,000,000 | 22,361,000,000 | 22,107,000,000 | 21,935,000,000 | 22,032,000,000 | 22,435,000,000 | 22,513,000,000 | 22,981,000,000 | 23,836,000,000 | 24,661,000,000 | 25,375,000,000 | 31,712,000,000 | 34,896,000,000 | 35,294,000,000 | 36,067,000,000 | 44,166,000,000 | 43,519,000,000 | 42,652,000,000 | 41,831,000,000 | 40,700,000,000 | 39,634,000,000 | 38,829,000,000 | 37,990,000,000 | 38,089,000,000 | 37,152,000,000 | 36,262,000,000 | 33,882,000,000 | 32,485,000,000 | 31,043,000,000 | 28,964,000,000 | 28,083,000,000 | 27,329,000,000 | 25,864,000,000 | 25,206,000,000 | 24,792,000,000 | 24,501,000,000 | 20,458,000,000 | 18,819,000,000 | 17,574,000,000 | 16,459,000,000 | 13,919,000,000 | 12,199,000,000 | 11,497,000,000 | 10,425,000,000 | |||||
accumulated other comprehensive income | 194,000,000 | 202,000,000 | 204,000,000 | 164,000,000 | 170,000,000 | 179,000,000 | 249,000,000 | 264,000,000 | 280,000,000 | 275,000,000 | 293,000,000 | 247,000,000 | 255,000,000 | 195,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total stockholders' equity | 38,932,000,000 | 36,261,000,000 | 35,722,000,000 | 34,712,000,000 | 34,674,000,000 | 32,053,000,000 | 30,811,000,000 | 29,312,000,000 | 29,111,000,000 | 29,559,000,000 | 28,720,000,000 | 27,830,000,000 | 24,907,000,000 | 18,873,000,000 | 18,244,000,000 | 18,300,000,000 | 19,860,000,000 | 23,346,000,000 | 31,295,000,000 | 36,080,000,000 | 21,330,000,000 | 20,572,000,000 | 21,497,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
noncontrolling interest | 628,000,000 | 564,000,000 | 505,000,000 | 454,000,000 | 393,000,000 | 321,000,000 | 4,000,000 | 606,000,000 | 523,000,000 | 371,000,000 | 246,000,000 | 178,000,000 | 97,000,000 | 58,000,000 | 32,000,000 | 136,000,000 | 114,000,000 | 102,000,000 | 62,000,000 | 61,000,000 | 34,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total equity | 39,560,000,000 | 36,598,000,000 | 36,766,000,000 | 36,176,000,000 | 35,105,000,000 | 34,480,000,000 | 34,934,000,000 | 32,259,000,000 | 30,967,000,000 | 30,349,000,000 | 41,005,000,000 | 34,959,000,000 | 43,372,000,000 | 40,048,000,000 | 31,844,000,000 | 30,912,000,000 | 30,037,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total liabilities and equity | 80,464,000,000 | 84,186,000,000 | 83,472,000,000 | 84,360,000,000 | 84,967,000,000 | 85,445,000,000 | 85,803,000,000 | 76,216,000,000 | 74,277,000,000 | 74,008,000,000 | 125,443,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
current assets | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
assets held for sale | 1,176,000,000 | 72,000,000 | 1,098,000,000 | 1,774,000,000 | 1,249,000,000 | 1,433,000,000 | 3,559,000,000 | 1,412,000,000 | 5,732,000,000 | 6,026,000,000 | 6,445,000,000 | 1,664,000,000 | 335,000,000 | 474,000,000 | 558,000,000 | 162,000,000 | 141,000,000 | 709,000,000 | 825,000,000 | 1,502,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
property, plant and equipment | 45,684,000,000 | 36,536,000,000 | 33,645,000,000 | 32,266,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
oil and gas | 126,896,000,000 | 125,378,000,000 | 124,112,000,000 | 122,880,000,000 | 121,874,000,000 | 120,410,000,000 | 111,881,000,000 | 110,680,000,000 | 109,214,000,000 | 107,888,000,000 | 107,190,000,000 | 105,679,000,000 | 104,487,000,000 | 103,236,000,000 | 102,122,000,000 | 101,511,000,000 | 101,251,000,000 | 102,454,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
midstream and marketing | 9,638,000,000 | 9,836,000,000 | 9,668,000,000 | 9,477,000,000 | 9,322,000,000 | 9,004,000,000 | 8,730,000,000 | 8,487,000,000 | 8,279,000,000 | 7,993,000,000 | 7,834,000,000 | 7,691,000,000 | 7,550,000,000 | 7,669,000,000 | 7,577,000,000 | 7,483,000,000 | 8,371,000,000 | 8,232,000,000 | 9,493,000,000 | 9,216,000,000 | 8,899,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
corporate | 1,219,000,000 | 1,069,000,000 | 1,045,000,000 | 1,044,000,000 | 1,033,000,000 | 1,000,000,000 | 1,091,000,000 | 1,060,000,000 | 1,039,000,000 | 1,011,000,000 | 921,000,000 | 905,000,000 | 889,000,000 | 864,000,000 | 973,000,000 | 960,000,000 | 964,000,000 | 937,000,000 | 931,000,000 | 924,000,000 | 922,000,000 | 1,040,000,000 | 1,083,000,000 | 1,072,000,000 | 1,118,000,000 | 1,397,000,000 | 550,000,000 | 497,000,000 | 474,000,000 | 417,000,000 | 576,000,000 | 1,555,000,000 | 1,434,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||
property, plant and equipment - sum | 137,753,000,000 | 140,954,000,000 | 126,811,000,000 | 120,734,000,000 | 118,157,000,000 | 118,964,000,000 | 122,347,000,000 | 136,925,000,000 | 74,420,000,000 | 70,246,000,000 | 71,293,000,000 | 74,515,000,000 | 89,052,000,000 | 80,096,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
non-current assets | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
millions except share and per-share amounts | 2,025,000,000 | 2,024,000,000 | 2,023,000,000 | 2,022,000,000 | 2,021,000,000 | 2,020,000,000 | 2,019,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
liabilities and equity | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
current liabilities | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred credits and other liabilities | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other deferred credits and liabilities | 7,311,000,000 | 7,030,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock, at 1.00 per share par value, issued shares: 2025 — 84,897 and 2024 — 84,897 | 8,287,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total stockholders’ equity | 36,034,000,000 | 34,159,000,000 | 30,250,000,000 | 30,085,000,000 | 20,327,000,000 | 18,573,000,000 | 34,232,000,000 | 21,347,000,000 | 21,236,000,000 | 21,493,000,000 | 20,931,000,000 | 20,722,000,000 | 20,669,000,000 | 21,037,000,000 | 21,079,000,000 | 22,296,000,000 | 23,101,000,000 | 23,789,000,000 | 29,882,000,000 | 33,302,000,000 | 34,164,000,000 | 44,085,000,000 | 43,812,000,000 | 43,369,000,000 | 42,968,000,000 | 41,850,000,000 | 40,940,000,000 | 40,474,000,000 | 39,550,000,000 | 38,747,000,000 | 36,479,000,000 | 35,160,000,000 | 33,658,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||
trade receivables, net of reserves | 3,169,000,000 | 3,469,000,000 | 3,609,000,000 | 3,526,000,000 | 3,924,000,000 | 3,896,000,000 | 3,271,000,000 | 3,195,000,000 | 3,674,000,000 | 2,850,000,000 | 3,272,000,000 | 4,281,000,000 | 4,208,000,000 | 2,115,000,000 | 6,373,000,000 | 4,893,000,000 | 4,145,000,000 | 3,989,000,000 | 2,970,000,000 | 4,206,000,000 | 5,674,000,000 | 4,916,000,000 | 4,973,000,000 | 2,825,000,000 | 2,571,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
chemical | 9,487,000,000 | 9,227,000,000 | 8,943,000,000 | 8,725,000,000 | 8,475,000,000 | 8,520,000,000 | 8,315,000,000 | 8,279,000,000 | 8,049,000,000 | 7,946,000,000 | 7,851,000,000 | 7,808,000,000 | 7,685,000,000 | 7,629,000,000 | 7,588,000,000 | 7,571,000,000 | 7,356,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
the accompanying notes are an integral part of these consolidated condensed financial statements. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
millions, except share and per-share amounts | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
current operating lease liabilities | 414,000,000 | 399,000,000 | 393,000,000 | 374,000,000 | 376,000,000 | 410,000,000 | 424,000,000 | 446,000,000 | 312,000,000 | 284,000,000 | 287,000,000 | 273,000,000 | 248,000,000 | 178,000,000 | 173,000,000 | 186,000,000 | 265,000,000 | 331,000,000 | 369,000,000 | 473,000,000 | 459,000,000 | 420,000,000 | 453,000,000 | 569,000,000 | 463,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock, at 1.00 per share par value, issued shares: 2025 — 84,897 and 2024 —84,897 | 8,287,000,000 | 8,287,000,000 | 8,287,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock, at 1.00 per share par value, issued shares: 2024 — 84,897 and 2023 — 84,897 | 8,287,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gross property, plant and equipment | 138,889,000,000 | 130,222,000,000 | 128,542,000,000 | 124,941,000,000 | 123,891,000,000 | 122,126,000,000 | 119,454,000,000 | 118,301,000,000 | 117,542,000,000 | 117,192,000,000 | 116,566,000,000 | 119,278,000,000 | 120,459,000,000 | 125,523,000,000 | 123,462,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net property, plant and equipment | 69,342,000,000 | 58,870,000,000 | 58,763,000,000 | 58,270,000,000 | 58,341,000,000 | 58,169,000,000 | 58,271,000,000 | 58,573,000,000 | 59,229,000,000 | 60,644,000,000 | 61,846,000,000 | 64,073,000,000 | 68,421,000,000 | 72,604,000,000 | 79,073,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
pension and postretirement obligations | 933,000,000 | 935,000,000 | 933,000,000 | 931,000,000 | 910,000,000 | 978,000,000 | 977,000,000 | 1,055,000,000 | 1,427,000,000 | 1,513,000,000 | 1,541,000,000 | 1,540,000,000 | 1,595,000,000 | 1,551,000,000 | 1,553,000,000 | 1,763,000,000 | 1,728,000,000 | 1,816,000,000 | 1,968,000,000 | 1,807,000,000 | 1,927,000,000 | 819,000,000 | 816,000,000 | 809,000,000 | 828,000,000 | 1,010,000,000 | 1,008,000,000 | 1,005,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
environmental remediation liabilities | 847,000,000 | 857,000,000 | 870,000,000 | 889,000,000 | 860,000,000 | 867,000,000 | 890,000,000 | 905,000,000 | 893,000,000 | 918,000,000 | 933,000,000 | 944,000,000 | 1,000,000,000 | 1,020,000,000 | 1,029,000,000 | 1,028,000,000 | 975,000,000 | 1,000,000,000 | 1,017,000,000 | 1,035,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating lease liabilities | 638,000,000 | 668,000,000 | 664,000,000 | 727,000,000 | 577,000,000 | 576,000,000 | 595,000,000 | 657,000,000 | 616,000,000 | 589,000,000 | 558,000,000 | 585,000,000 | 593,000,000 | 583,000,000 | 628,000,000 | 641,000,000 | 786,000,000 | 740,000,000 | 768,000,000 | 854,000,000 | 676,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other | 3,936,000,000 | 3,880,000,000 | 3,891,000,000 | 3,782,000,000 | 3,328,000,000 | 3,270,000,000 | 3,349,000,000 | 3,332,000,000 | 3,218,000,000 | 3,278,000,000 | 3,278,000,000 | 3,159,000,000 | 2,889,000,000 | 2,844,000,000 | 2,777,000,000 | 3,001,000,000 | 3,043,000,000 | 4,394,000,000 | 4,743,000,000 | 3,814,000,000 | 3,566,000,000 | 977,000,000 | 1,020,000,000 | 1,009,000,000 | 915,000,000 | 1,023,000,000 | 1,063,000,000 | 1,171,000,000 | 4,108,000,000 | 4,171,000,000 | 4,181,000,000 | 4,299,000,000 | 3,902,000,000 | 4,050,000,000 | 4,153,000,000 | 3,313,000,000 | 3,209,000,000 | 3,224,000,000 | 3,203,000,000 | 3,433,000,000 | 3,464,000,000 | 3,441,000,000 | 3,501,000,000 | 3,618,000,000 | 3,654,000,000 | 3,764,000,000 | 3,810,000,000 | 3,584,000,000 | 3,582,000,000 | 3,701,000,000 | 3,295,000,000 | 3,484,000,000 | 3,432,000,000 | 3,279,000,000 | 3,327,000,000 | 3,176,000,000 | 3,079,000,000 | 3,111,000,000 | 3,138,000,000 | 3,466,000,000 | 3,172,000,000 | 3,156,000,000 | 2,816,000,000 | 2,877,000,000 | 2,966,000,000 | 2,949,000,000 | 2,914,000,000 | 2,621,000,000 | |||||||||||
preferred stock, at 1.00 per share par value: 2024 — 84,897 shares and 2023 —84,897 shares | 8,287,000,000 | 8,287,000,000 | 8,287,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
non-controlling interest | 260,000,000 | 206,000,000 | 156,000,000 | 99,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock, at 1.00 per share par value | 8,287,000,000 | 9,130,000,000 | 9,762,000,000 | 9,762,000,000 | 9,762,000,000 | 9,762,000,000 | 9,762,000,000 | 9,762,000,000 | 9,762,000,000 | 9,762,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
long-term receivables and other assets | 1,117,000,000 | 1,146,000,000 | 1,276,000,000 | 1,260,000,000 | 1,143,000,000 | 1,191,000,000 | 1,231,000,000 | 1,231,000,000 | 1,145,000,000 | 1,138,000,000 | 1,089,000,000 | 1,044,000,000 | 998,000,000 | 1,154,000,000 | 1,218,000,000 | 2,406,000,000 | 1,155,000,000 | 772,000,000 | 801,000,000 | 805,000,000 | 1,122,000,000 | 1,094,000,000 | 1,061,000,000 | 1,067,000,000 | 807,000,000 | 869,000,000 | 786,000,000 | 943,000,000 | 1,080,000,000 | 1,025,000,000 | 975,000,000 | 962,000,000 | 1,100,000,000 | 1,121,000,000 | 1,081,000,000 | 1,091,000,000 | 994,000,000 | 826,000,000 | 821,000,000 | 840,000,000 | 759,000,000 | 806,000,000 | 772,000,000 | 760,000,000 | 771,000,000 | 781,000,000 | 767,000,000 | 746,000,000 | 738,000,000 | 773,000,000 | 783,000,000 | 798,000,000 | 830,000,000 | 770,000,000 | 803,000,000 | 766,000,000 | 859,000,000 | 918,000,000 | 812,000,000 | 836,000,000 | |||||||||||||||||||
stockholders' equity | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock, at 1.00 per share par value: 2023 — 84,897 shares and 2022 —100,000 shares | 8,287,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total liabilities and stockholders' equity | 71,827,000,000 | 71,199,000,000 | 71,600,000,000 | 72,144,000,000 | 74,221,000,000 | 74,222,000,000 | 75,758,000,000 | 79,937,000,000 | 79,355,000,000 | 84,434,000,000 | 89,452,000,000 | 101,643,000,000 | 43,854,000,000 | 42,026,000,000 | 43,109,000,000 | 56,259,000,000 | 69,443,000,000 | 64,210,000,000 | 36,519,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock redemption payable | 304,000,000 | 712,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock, at 1.00 per share par value: 2023 — 88,312 shares and 2022 —100,000 shares | 8,621,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total liabilities and stockholders’ equity | 72,609,000,000 | 75,036,000,000 | 80,064,000,000 | 109,330,000,000 | 44,770,000,000 | 44,380,000,000 | 44,957,000,000 | 44,067,000,000 | 42,808,000,000 | 41,443,000,000 | 41,982,000,000 | 42,465,000,000 | 41,630,000,000 | 42,395,000,000 | 42,018,000,000 | 50,089,000,000 | 54,369,000,000 | 53,389,000,000 | 71,510,000,000 | 70,293,000,000 | 69,275,000,000 | 69,437,000,000 | 67,422,000,000 | 65,824,000,000 | 65,625,000,000 | 64,283,000,000 | 61,622,000,000 | 57,244,000,000 | 54,595,000,000 | 54,065,000,000 | 47,503,000,000 | 46,259,000,000 | 45,531,000,000 | 42,214,000,000 | 41,835,000,000 | 40,620,000,000 | 42,589,000,000 | 38,486,000,000 | |||||||||||||||||||||||||||||||||||||||||
liabilities of assets held for sale | 7,000,000 | 714,000,000 | 735,000,000 | 721,000,000 | 753,000,000 | 1,331,000,000 | 790,000,000 | 1,891,000,000 | 2,010,000,000 | 2,203,000,000 | 16,000,000 | 126,000,000 | 29,000,000 | 95,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accumulated other comprehensive loss | -87,000,000 | -135,000,000 | -180,000,000 | -208,000,000 | -282,000,000 | -238,000,000 | -235,000,000 | -288,000,000 | -283,000,000 | -312,000,000 | -334,000,000 | -332,000,000 | -184,000,000 | -168,000,000 | -172,000,000 | -154,000,000 | -308,000,000 | -312,000,000 | -258,000,000 | -238,000,000 | -252,000,000 | -253,000,000 | -266,000,000 | -294,000,000 | -299,000,000 | -304,000,000 | -559,000,000 | -316,000,000 | -206,000,000 | -357,000,000 | -303,000,000 | -502,000,000 | -632,000,000 | -333,000,000 | |||||||||||||||||||||||||||||||||||||||||||||
restricted cash and restricted cash equivalents | 24,000,000 | 220,000,000 | 180,000,000 | 183,000,000 | 170,000,000 | 51,000,000 | 124,000,000 | 242,000,000 | 480,000,000 | 454,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
oil and gas segment | 100,483,000,000 | 99,926,000,000 | 102,718,000,000 | 103,954,000,000 | 109,026,000,000 | 107,014,000,000 | 105,881,000,000 | 110,668,000,000 | 58,799,000,000 | 53,409,000,000 | 54,673,000,000 | 55,025,000,000 | 59,061,000,000 | 72,367,000,000 | 65,417,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
chemical segment | 7,468,000,000 | 7,433,000,000 | 7,387,000,000 | 7,254,000,000 | 7,204,000,000 | 7,187,000,000 | 7,172,000,000 | 7,092,000,000 | 7,001,000,000 | 6,847,000,000 | 6,930,000,000 | 6,717,000,000 | 6,574,000,000 | 6,446,000,000 | 6,054,000,000 | 5,049,000,000 | 5,070,000,000 | 4,869,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
midstream and marketing segment | 8,304,000,000 | 8,276,000,000 | 8,249,000,000 | 8,211,000,000 | 8,210,000,000 | 8,189,000,000 | 8,070,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock at par value, 100,000 shares at september 30, 2021 and december 31, 2020 | 9,762,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock at par value, 1,083,180,911 shares at september 30, 2021 and 1,080,564,947 shares at december 31, 2020 | 217,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock at par value, 100,000 shares at june 30, 2021 and december 31, 2020 | 9,762,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock at par value, 1,082,934,567 shares at june 30, 2021 and 1,080,564,947 shares at december 31, 2020 | 217,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
millions, except per share amounts | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock at par value, 100,000 shares at march 31, 2021 and december 31, 2020 | 9,762,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock at par value, 1,082,618,615 shares at march 31, 2021 and 1,080,564,947 shares at december 31, 2020 | 217,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
millions, except per-share amounts | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock at par value, 100,000 shares at september 30, 2020 and december 31, 2019 | 9,762,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock at par value, 1,079,959,455 shares at september 30, 2020 and 1,044,434,893 shares at december 31, 2019 | 216,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock at par value, 100,000 shares at june 30, 2020 and december 31, 2019 | 9,762,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock at par value, 1,066,776,168 issued shares at june 30, 2020 and 1,044,434,893 shares at december 31, 2019 | 213,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
millions except share amounts | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock at par value, 100,000 shares at march 31, 2020 and december 31, 2019 | 9,762,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock at par value, 1,048,430,898 issued shares at march 31, 2020 and 1,044,434,893 shares at december 31, 2019 | 210,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
marketing and midstream segment | 8,176,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred credits and other liabilities - sum | 21,612,000,000 | 21,158,000,000 | 5,388,000,000 | 5,404,000,000 | 4,911,000,000 | 4,894,000,000 | 4,746,000,000 | 4,707,000,000 | 4,726,000,000 | 5,212,000,000 | 5,431,000,000 | 5,313,000,000 | 5,696,000,000 | 5,795,000,000 | 5,892,000,000 | 6,362,000,000 | 6,171,000,000 | 6,218,000,000 | 11,067,000,000 | 10,777,000,000 | 10,839,000,000 | 10,698,000,000 | 10,666,000,000 | 10,312,000,000 | 10,074,000,000 | 9,849,000,000 | 9,695,000,000 | 9,226,000,000 | 8,904,000,000 | 7,891,000,000 | 7,593,000,000 | 7,268,000,000 | 6,849,000,000 | 6,543,000,000 | 5,964,000,000 | 6,500,000,000 | 5,706,000,000 | ||||||||||||||||||||||||||||||||||||||||||
marketing and other midstream segment | 8,133,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
wes midstream segment | 9,635,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accumulated depreciation, depletion, and amortization | -46,804,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
intangibles | 2,387,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
goodwill - wes | 6,074,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
western midstream partners, lp (wes) is a variable interest entity (vie). see note 1 - general. the related parenthetical references reflect amounts as of september 30, 2019. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
millions, except share amounts | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accrued income taxes | 1,036,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
long-term debt, net - occidental | 39,946,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
long-term debt, net - wes | 7,637,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
environmental remediation reserves | 905,000,000 | 764,000,000 | 755,000,000 | 762,000,000 | 740,000,000 | 731,000,000 | 729,000,000 | 728,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
noncontrolling interests | 4,925,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
property, plant and equipment, net of accumulated depreciation | 32,115,000,000 | 31,900,000,000 | 31,155,000,000 | 30,432,000,000 | 31,344,000,000 | 32,065,000,000 | 31,466,000,000 | 32,005,000,000 | 30,419,000,000 | 31,038,000,000 | 31,505,000,000 | 36,835,000,000 | 40,478,000,000 | 40,109,000,000 | 58,465,000,000 | 57,134,000,000 | 56,044,000,000 | 55,027,000,000 | 53,949,000,000 | 52,981,000,000 | 50,963,000,000 | 49,397,000,000 | 46,903,000,000 | 43,025,000,000 | 41,795,000,000 | 40,598,000,000 | 35,974,000,000 | 33,864,000,000 | 32,905,000,000 | 32,909,000,000 | 32,576,000,000 | 27,988,000,000 | 22,122,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||
liabilities and stockholders’ equity | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
current lease liabilities | 252,000,000 | 240,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred domestic and foreign income taxes | 950,000,000 | 918,000,000 | 907,000,000 | 1,162,000,000 | 738,000,000 | 659,000,000 | 581,000,000 | 978,000,000 | 1,059,000,000 | 1,031,000,000 | 1,132,000,000 | 1,411,000,000 | 1,646,000,000 | 1,642,000,000 | 2,579,000,000 | 3,153,000,000 | 2,947,000,000 | 3,015,000,000 | 7,634,000,000 | 7,313,000,000 | 7,398,000,000 | 7,197,000,000 | 7,048,000,000 | 6,658,000,000 | 6,310,000,000 | 6,039,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
lease liabilities | 445,000,000 | 465,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investments | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investment in unconsolidated entities | 1,680,000,000 | 1,515,000,000 | 1,401,000,000 | 1,420,000,000 | 1,360,000,000 | 1,301,000,000 | 1,267,000,000 | 1,428,000,000 | 1,330,000,000 | 1,221,000,000 | 1,171,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
liabilities and stockholders’ equity at december 31, | 2,018,000,000 | 2,017,000,000 | 2,016,000,000 | 2,014,000,000 | 2,013,000,000 | 2,012,000,000 | 2,007,000,000 | 2,006,000,000 | 2,005,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total equity attributable to common stock | 21,489,000,000 | 34,959,000,000 | 43,479,000,000 | 43,289,000,000 | 42,998,000,000 | 43,126,000,000 | 42,790,000,000 | 41,753,000,000 | 40,882,000,000 | 40,016,000,000 | 31,708,000,000 | 30,798,000,000 | 29,935,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
the accompanying notes are an integral part of these consolidated financial statements. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
restricted cash | 1,193,000,000 | 1,765,000,000 | 2,382,000,000 | 3,265,000,000 | 4,019,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
available for sale investment | 167,000,000 | 186,000,000 | 432,000,000 | 544,000,000 | 394,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total investments | 1,401,000,000 | 1,420,000,000 | 1,360,000,000 | 1,301,000,000 | 1,434,000,000 | 1,614,000,000 | 1,762,000,000 | 1,765,000,000 | 1,565,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
consolidated balance sheets | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
domestic and foreign income taxes | 25,000,000 | 196,000,000 | 414,000,000 | 74,000,000 | 440,000,000 | 326,000,000 | 358,000,000 | 83,000,000 | 29,000,000 | 94,000,000 | 16,000,000 | 48,000,000 | 248,000,000 | 110,000,000 | 140,000,000 | 237,000,000 | 361,000,000 | 170,000,000 | 203,000,000 | 72,000,000 | 223,000,000 | 28,000,000 | 79,000,000 | 110,000,000 | 158,000,000 | 158,000,000 | 322,000,000 | 742,000,000 | 227,000,000 | 154,000,000 | 525,000,000 | 396,000,000 | 254,000,000 | 776,000,000 | 383,000,000 | ||||||||||||||||||||||||||||||||||||||||||||
midstream, marketing and other segment | 8,304,000,000 | 8,684,000,000 | 7,191,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
contingent liabilities and commitments | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
short-term borrowings | 1,599,000,000 | 500,000,000 | 1,000,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
marketing and trading assets and other | 1,150,000,000 | 911,000,000 | 874,000,000 | 916,000,000 | 849,000,000 | 813,000,000 | 998,000,000 | 900,000,000 | 899,000,000 | 872,000,000 | 1,077,000,000 | 1,203,000,000 | 622,000,000 | 749,000,000 | 999,000,000 | 1,012,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
prepaid expenses and other | 348,000,000 | 354,000,000 | 391,000,000 | 381,000,000 | 410,000,000 | 392,000,000 | 393,000,000 | 647,000,000 | 420,000,000 | 440,000,000 | 434,000,000 | 430,000,000 | 308,000,000 | 309,000,000 | 321,000,000 | 308,000,000 | 333,000,000 | 369,000,000 | 332,000,000 | 266,000,000 | 500,000,000 | 256,000,000 | 255,000,000 | 257,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred and other domestic and foreign income taxes | 6,111,000,000 | 5,644,000,000 | 5,203,000,000 | 4,494,000,000 | 4,002,000,000 | 3,724,000,000 | 3,450,000,000 | 3,321,000,000 | 3,236,000,000 | 2,813,000,000 | 2,714,000,000 | 2,675,000,000 | 2,874,000,000 | 2,365,000,000 | 2,324,000,000 | 2,308,000,000 | 2,253,000,000 | 2,326,000,000 | 2,044,000,000 | 2,055,000,000 | 962,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
assets of discontinued operations | 2,861,000,000 | 33,000,000 | 22,000,000 | 22,000,000 | 325,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
liabilities of discontinued operations | 93,000,000 | 95,000,000 | 96,000,000 | 98,000,000 | 612,000,000 | 101,000,000 | 103,000,000 | 105,000,000 | 105,000,000 | 107,000,000 | 109,000,000 | 111,000,000 | 111,000,000 | 116,000,000 | 159,000,000 | 118,000,000 | 120,000,000 | 128,000,000 | 131,000,000 | 172,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred credits and other liabilities-income taxes | 4,846,000,000 | 3,445,000,000 | 3,125,000,000 | 2,660,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred credits and other liabilities-other | 3,662,000,000 | 3,452,000,000 | 3,160,000,000 | 3,217,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
long-term liabilities of discontinued operations | 98,000,000 | 102,000,000 | 107,000,000 | 112,000,000 | 115,000,000 | 120,000,000 | 126,000,000 | 131,000,000 | 136,000,000 | 140,000,000 | 145,000,000 | 151,000,000 | 152,000,000 | 160,000,000 | 169,000,000 | 174,000,000 | 181,000,000 | 187,000,000 | 195,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
stockholders’ equity | 37,620,000,000 | 32,484,000,000 | 29,159,000,000 | 27,300,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
occidental petroleum corporation and subsidiaries | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
consolidated condensed balance sheets | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
september 30, 2010 and december 31, 2009 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
property, plant and equipment, net of accumulated | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
depreciation, depletion and amortization of 21,205 at | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
june 30, 2010 and 19,486 at december 31, 2009 | 34,514,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
june 30, 2010 and december 31, 2009 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
current maturities of long-term debt and notes payable | 239,000,000 | 918,000,000 | 918,000,000 | 698,000,000 | 714,000,000 | 30,000,000 | 47,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
receivables | 6,878,000,000 | 6,055,000,000 | 4,180,000,000 | 3,942,000,000 | 3,664,000,000 | 3,453,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
long-term receivables | 203,000,000 | 218,000,000 | 203,000,000 | 205,000,000 | 221,000,000 | 231,000,000 | 317,000,000 | 324,000,000 | 377,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
depreciation, depletion and amortization of 15,398 at september 30, 2008 and 13,638 at december 31, 2007 | 30,854,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other assets | 662,000,000 | 620,000,000 | 660,000,000 | 669,000,000 | 680,000,000 | 458,000,000 | 428,000,000 | 418,000,000 | 414,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
the accompanying notes are an integral part of these financial statements. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
minority interest | 31,000,000 | 31,000,000 | 35,000,000 | 105,000,000 | 378,000,000 | 341,000,000 | 358,000,000 | 356,000,000 | 340,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
short-term investments | 240,000,000 | 227,000,000 | 227,000,000 | 252,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
receivables from joint ventures, partnerships and other | 416,000,000 | 499,000,000 | 570,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
oil and gas segment, successful efforts method | 33,951,000,000 | 30,307,000,000 | 22,275,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
corporate and other | 916,000,000 | 730,000,000 | 478,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
dividends payable | 212,000,000 | 188,000,000 | 147,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
outstanding shares: 2007 — 877,123,937 and 2006 — 870,678,608 | 175,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
balance, december 31, 2004 | 159,000,000 | 159,000,000 | 79,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other comprehensive loss, net of tax | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
dividends on common stock | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
issuance of common stock | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
exercises of options and other | 2,000,000 | 4,000,000 | 2,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchases of treasury stock | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
balance, december 31, 2005 | 161,000,000 | 161,000,000 | 80,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
pension and postretirement adjustments, | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net of tax | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other comprehensive income, net of tax | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
balance, december 31, 2006 | 174,000,000 | 174,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
uncertain tax positions adjustment | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
balance, december 31, 2007 | 175,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
depreciation, depletion and amortization of 12,863 at | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
september 30, 2007 and 11,342 at december 31, 2006 | 25,541,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
current maturities of long-term debt and capital lease liabilities | 156,000,000 | 163,000,000 | 171,000,000 | 71,000,000 | 255,000,000 | 46,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
discount/premium | 1,748,000,000 | 1,717,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
depreciation, depletion and amortization of 12,242 at | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
june 30, 2007 and 11,342 at december 31, 2006 | 25,081,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
balance, december 31, 2003 | 155,000,000 | 77,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
depreciation, depletion and amortization of 10,687 at june 30, 2006 and 9,774 at december 31, 2005 | 22,382,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
prepaid expenses and others | 378,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
outstanding shares: 2005 — 402,215,025 and 2004 — 396,727,424 | 80,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
balance, december 31, 2002 | 75,000,000 |
Cashflow Statements:
Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-06-30 | 2019-03-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 | 2017-09-30 | 2017-06-30 | 2017-03-31 | 2016-09-30 | 2016-06-30 | 2016-03-31 | 2015-09-30 | 2015-06-30 | 2015-03-31 | 2014-09-30 | 2014-06-30 | 2014-03-31 | 2013-09-30 | 2013-06-30 | 2013-03-31 | 2012-09-30 | 2012-06-30 | 2012-03-31 | 2011-09-30 | 2011-06-30 | 2011-03-31 | 2010-12-31 | 2010-06-30 | 2010-03-31 | 2009-09-30 | 2009-06-30 | 2009-03-31 | 2008-09-30 | 2008-03-31 | 2007-09-30 | 2007-06-30 | 2006-06-30 | 2006-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
cash flow from operating activities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income | 3,359,000,000 | 114,000,000 | 842,000,000 | 468,000,000 | 945,000,000 | -120,000,000 | 1,140,000,000 | 1,170,000,000 | 888,000,000 | 1,198,000,000 | 1,375,000,000 | 860,000,000 | 1,263,000,000 | 1,927,000,000 | 2,746,000,000 | 3,755,000,000 | 4,876,000,000 | 1,537,000,000 | -1,112,000,000 | -3,575,000,000 | -8,131,000,000 | -2,013,000,000 | -1,036,000,000 | 1,266,000,000 | 631,000,000 | 3,425,000,000 | 1,556,000,000 | 708,000,000 | 814,000,000 | 624,000,000 | 117,000,000 | 78,000,000 | -2,651,000,000 | -42,000,000 | -218,000,000 | 4,037,000,000 | 2,826,000,000 | 1,392,000,000 | 4,260,000,000 | 2,677,000,000 | 1,355,000,000 | 4,262,000,000 | 2,887,000,000 | 1,559,000,000 | 5,137,000,000 | 3,366,000,000 | 1,549,000,000 | 1,226,000,000 | 2,163,000,000 | 1,088,000,000 | 2,012,000,000 | 1,071,000,000 | 6,414,000,000 | 1,846,000,000 | 3,948,000,000 | 2,624,000,000 | 2,086,000,000 | 1,229,000,000 | ||||||
adjustments to reconcile net income to net cash from operating activities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
discontinued operations | -3,123,000,000 | 0 | 0 | 0 | -182,000,000 | 24,000,000 | 2,000,000 | -3,000,000 | 445,000,000 | -37,000,000 | -80,000,000 | 0 | -432,000,000 | -435,000,000 | -438,000,000 | 10,000,000 | 7,000,000 | 3,000,000 | 1,000,000 | 14,000,000 | 9,000,000 | 4,000,000 | 9,000,000 | 5,000,000 | 1,000,000 | 21,000,000 | 13,000,000 | 7,000,000 | 7,000,000 | 5,000,000 | 3,000,000 | 269,000,000 | ||||||||||||||||||||||||||||||||
depreciation, depletion and amortization of assets | 1,794,000,000 | 1,619,000,000 | 2,061,000,000 | 1,936,000,000 | 1,917,000,000 | 1,977,000,000 | 1,926,000,000 | 1,775,000,000 | 1,693,000,000 | 1,723,000,000 | 1,712,000,000 | 1,709,000,000 | 1,721,000,000 | 1,819,000,000 | 1,736,000,000 | 1,728,000,000 | 1,643,000,000 | 1,966,000,000 | 1,916,000,000 | 2,371,000,000 | 2,194,000,000 | 1,754,000,000 | 1,915,000,000 | 2,186,000,000 | 2,242,000,000 | 2,271,000,000 | 2,004,000,000 | 973,000,000 | 2,891,000,000 | 1,868,000,000 | 921,000,000 | 2,926,000,000 | 1,931,000,000 | 942,000,000 | 3,218,000,000 | 2,172,000,000 | 1,102,000,000 | 3,268,000,000 | 2,145,000,000 | 1,029,000,000 | 3,943,000,000 | 2,583,000,000 | 1,266,000,000 | 3,896,000,000 | 2,562,000,000 | 1,259,000,000 | 3,320,000,000 | 2,172,000,000 | 1,085,000,000 | 2,653,000,000 | 1,729,000,000 | 890,000,000 | 545,000,000 | 1,750,000,000 | 874,000,000 | 1,957,000,000 | 653,000,000 | 1,740,000,000 | 1,138,000,000 | 953,000,000 | 480,000,000 | |||
deferred income tax provision | 50,000,000 | 126,000,000 | -279,000,000 | -47,000,000 | -44,000,000 | -91,000,000 | -91,000,000 | 50,000,000 | 81,000,000 | 17,000,000 | -1,525,000,000 | -218,000,000 | 47,000,000 | 10,000,000 | 550,000,000 | 171,000,000 | 94,000,000 | -24,000,000 | -108,000,000 | 76,000,000 | 77,000,000 | -417,000,000 | 139,000,000 | -63,000,000 | 423,000,000 | 94,000,000 | 198,000,000 | 1,016,000,000 | 635,000,000 | 274,000,000 | 1,255,000,000 | 794,000,000 | 350,000,000 | 999,000,000 | 517,000,000 | 276,000,000 | 170,000,000 | 129,000,000 | 74,000,000 | 247,000,000 | 128,000,000 | 49,000,000 | 397,000,000 | 66,000,000 | 34,000,000 | |||||||||||||||||||
asset impairments and other charges | 105,000,000 | 0 | 131,000,000 | 17,000,000 | 21,000,000 | 135,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
losses on sales of assets and other | 202,000,000 | -250,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other noncash charges to income | 864,000,000 | -265,000,000 | 183,000,000 | 235,000,000 | 267,000,000 | 285,000,000 | 362,000,000 | 351,000,000 | 74,000,000 | 96,000,000 | 170,000,000 | 43,000,000 | 85,000,000 | 79,000,000 | 37,000,000 | 63,000,000 | 359,000,000 | 145,000,000 | 106,000,000 | 159,000,000 | 164,000,000 | 56,000,000 | 258,000,000 | 218,000,000 | 54,000,000 | 140,000,000 | 110,000,000 | 65,000,000 | 338,000,000 | 317,000,000 | 194,000,000 | 461,000,000 | 263,000,000 | 166,000,000 | ||||||||||||||||||||||||||||||
changes in operating assets and liabilities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
increase in trade receivables | -1,101,000,000 | -85,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
increase in inventories | -26,000,000 | -49,000,000 | 180,000,000 | 561,000,000 | -677,000,000 | -110,000,000 | -47,000,000 | -70,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
increase in other current assets | -285,000,000 | 354,000,000 | -122,000,000 | -158,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
decrease in accounts payable and accrued liabilities | -482,000,000 | 103,000,000 | -686,000,000 | -231,000,000 | -454,000,000 | -1,174,000,000 | -187,000,000 | -4,401,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
increase in current domestic and foreign income taxes | 35,000,000 | -136,000,000 | 69,000,000 | -258,000,000 | 20,000,000 | 47,000,000 | 305,000,000 | 12,000,000 | 195,000,000 | -86,000,000 | 178,000,000 | -118,000,000 | 251,000,000 | -80,000,000 | -432,000,000 | 122,000,000 | 205,000,000 | 25,000,000 | 17,000,000 | 48,000,000 | ||||||||||||||||||||||||||||||||||||||||||||
operating cash flow from continuing operations | 1,392,000,000 | 1,708,000,000 | 3,556,000,000 | 3,975,000,000 | 4,267,000,000 | 5,329,000,000 | 3,239,000,000 | 3,231,000,000 | 2,910,000,000 | 3,324,000,000 | 788,000,000 | 1,367,000,000 | 815,000,000 | 436,000,000 | 1,224,000,000 | 3,575,000,000 | 2,505,000,000 | 652,000,000 | 1,598,000,000 | 942,000,000 | 139,000,000 | 2,403,000,000 | 1,377,000,000 | 566,000,000 | 8,220,000,000 | 5,575,000,000 | 2,704,000,000 | 9,833,000,000 | 6,243,000,000 | 2,721,000,000 | 8,529,000,000 | 5,975,000,000 | 2,773,000,000 | 8,654,000,000 | 5,572,000,000 | 2,219,000,000 | 2,459,000,000 | 4,339,000,000 | 2,259,000,000 | 3,874,000,000 | 2,223,000,000 | 786,000,000 | 8,103,000,000 | 2,592,000,000 | 4,170,000,000 | 2,807,000,000 | 2,902,000,000 | 1,985,000,000 | ||||||||||||||||
operating cash flow from discontinued operations, net of taxes | -111,000,000 | -139,000,000 | 208,000,000 | -10,000,000 | 122,000,000 | 37,000,000 | 37,000,000 | -76,000,000 | 115,000,000 | 3,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash from operating activities | 1,281,000,000 | 2,634,000,000 | 2,790,000,000 | 2,960,000,000 | 2,148,000,000 | 3,356,000,000 | 3,682,000,000 | 2,394,000,000 | 2,007,000,000 | 3,239,000,000 | 3,129,000,000 | 3,070,000,000 | 2,870,000,000 | 3,975,000,000 | 4,267,000,000 | 5,329,000,000 | 3,239,000,000 | 3,092,000,000 | 3,118,000,000 | 3,314,000,000 | 910,000,000 | 1,404,000,000 | 852,000,000 | 360,000,000 | 1,339,000,000 | 2,009,000,000 | 2,961,000,000 | 948,000,000 | 5,169,000,000 | 2,765,000,000 | 1,009,000,000 | 3,575,000,000 | 2,505,000,000 | 652,000,000 | 2,468,000,000 | 1,818,000,000 | 689,000,000 | 2,386,000,000 | 1,366,000,000 | 561,000,000 | 8,202,000,000 | 5,564,000,000 | 2,697,000,000 | 9,786,000,000 | 6,225,000,000 | 2,712,000,000 | 8,499,000,000 | 5,958,000,000 | 2,765,000,000 | 8,638,000,000 | 5,564,000,000 | 2,222,000,000 | 2,742,000,000 | 4,277,000,000 | 2,210,000,000 | 3,843,000,000 | 2,201,000,000 | 780,000,000 | 8,136,000,000 | 2,687,000,000 | 3,100,000,000 | 2,021,000,000 | ||
cash flow from investing activities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
capital expenditures | -1,554,000,000 | -753,000,000 | -1,768,000,000 | -1,998,000,000 | -1,908,000,000 | -1,781,000,000 | -1,683,000,000 | -1,771,000,000 | -1,783,000,000 | -1,544,000,000 | -1,619,000,000 | -1,646,000,000 | -1,461,000,000 | -1,520,000,000 | -1,147,000,000 | -972,000,000 | -858,000,000 | -937,000,000 | -656,000,000 | -698,000,000 | -579,000,000 | -614,000,000 | -246,000,000 | -382,000,000 | -1,293,000,000 | 0 | -2,470,000,000 | -1,259,000,000 | -3,638,000,000 | -2,319,000,000 | -1,032,000,000 | -2,439,000,000 | -1,492,000,000 | -722,000,000 | -1,845,000,000 | -1,247,000,000 | -646,000,000 | -4,192,000,000 | -3,065,000,000 | -1,675,000,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
free cash flows | -273,000,000 | 1,881,000,000 | 1,022,000,000 | 962,000,000 | 240,000,000 | 1,575,000,000 | 1,999,000,000 | 623,000,000 | 224,000,000 | 1,695,000,000 | 1,510,000,000 | 1,424,000,000 | 1,409,000,000 | 2,455,000,000 | 3,120,000,000 | 4,357,000,000 | 2,381,000,000 | 2,155,000,000 | 2,462,000,000 | 2,616,000,000 | 331,000,000 | 790,000,000 | 606,000,000 | -22,000,000 | 46,000,000 | 2,009,000,000 | 491,000,000 | -311,000,000 | 1,531,000,000 | 446,000,000 | -23,000,000 | 1,136,000,000 | 1,013,000,000 | -70,000,000 | 623,000,000 | 571,000,000 | 43,000,000 | -1,806,000,000 | -1,699,000,000 | -1,114,000,000 | 8,202,000,000 | 5,564,000,000 | 2,697,000,000 | 9,786,000,000 | 6,225,000,000 | 2,712,000,000 | 8,499,000,000 | 5,958,000,000 | 2,765,000,000 | 8,638,000,000 | 5,564,000,000 | 2,222,000,000 | 2,742,000,000 | 4,277,000,000 | 2,210,000,000 | 3,843,000,000 | 2,201,000,000 | 780,000,000 | 8,136,000,000 | 2,687,000,000 | 3,100,000,000 | 2,021,000,000 | ||
change in capital accrual | -25,000,000 | 119,000,000 | -80,000,000 | -12,000,000 | 5,000,000 | 135,000,000 | -15,000,000 | -75,000,000 | 51,000,000 | 73,000,000 | -53,000,000 | 25,000,000 | -20,000,000 | 145,000,000 | 70,000,000 | -29,000,000 | -39,000,000 | 180,000,000 | 11,000,000 | -19,000,000 | -75,000,000 | 206,000,000 | 17,000,000 | -307,000,000 | -435,000,000 | -108,000,000 | -51,000,000 | 7,000,000 | -6,000,000 | -45,000,000 | 20,000,000 | -35,000,000 | -41,000,000 | -207,000,000 | -209,000,000 | -208,000,000 | -652,000,000 | -585,000,000 | -458,000,000 | |||||||||||||||||||||||||
purchases of assets, businesses and equity investments | -25,000,000 | -49,000,000 | -123,000,000 | -56,000,000 | -52,000,000 | -92,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sales of assets | 57,000,000 | 780,000,000 | 98,000,000 | 325,000,000 | 26,000,000 | 54,000,000 | 238,000,000 | 57,000,000 | 267,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
equity investments and other | -66,000,000 | -59,000,000 | -68,000,000 | -77,000,000 | -82,000,000 | -63,000,000 | -85,000,000 | -30,000,000 | -34,000,000 | -48,000,000 | -47,000,000 | -355,000,000 | -20,000,000 | -21,000,000 | -23,000,000 | -69,000,000 | -3,000,000 | 427,000,000 | 6,000,000 | -17,000,000 | -10,000,000 | -79,000,000 | -15,000,000 | 61,000,000 | 142,000,000 | -81,000,000 | -52,000,000 | -88,000,000 | -75,000,000 | -67,000,000 | -165,000,000 | -104,000,000 | -44,000,000 | -373,000,000 | 65,000,000 | 93,000,000 | 93,000,000 | |||||||||||||||||||||||||||
investing cash flow from continuing operations | -1,613,000,000 | -1,898,000,000 | -1,019,000,000 | -1,293,000,000 | -662,000,000 | -20,000,000 | -146,000,000 | -735,000,000 | -273,000,000 | 1,589,000,000 | -286,000,000 | -572,000,000 | -1,509,000,000 | -5,118,000,000 | -3,889,000,000 | -2,206,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
investing cash flow from discontinued operations | 9,461,000,000 | -31,000,000 | -20,000,000 | -19,000,000 | -9,000,000 | 2,570,000,000 | 2,570,000,000 | 2,570,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash provided (used) by investing activities | 7,848,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash flow from financing activities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payments of debt | -6,903,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of common stock | 95,000,000 | 18,000,000 | 17,000,000 | 906,000,000 | 25,000,000 | 13,000,000 | 67,000,000 | 416,000,000 | 88,000,000 | 43,000,000 | 55,000,000 | 7,000,000 | 30,000,000 | 2,000,000 | 174,000,000 | 90,000,000 | 27,000,000 | 13,000,000 | 5,000,000 | 6,000,000 | 18,000,000 | 90,000,000 | 37,000,000 | 16,000,000 | 17,000,000 | 13,000,000 | 10,000,000 | 25,000,000 | 16,000,000 | 12,000,000 | 32,000,000 | 29,000,000 | 11,000,000 | 34,000,000 | 23,000,000 | 19,000,000 | 20,000,000 | 16,000,000 | 13,000,000 | 27,000,000 | 24,000,000 | 10,000,000 | 61,000,000 | 58,000,000 | 15,000,000 | 47,000,000 | 5,000,000 | 3,000,000 | 3,000,000 | 5,000,000 | 2,000,000 | 16,000,000 | 13,000,000 | 10,000,000 | 22,000,000 | 2,000,000 | 15,000,000 | 4,000,000 | 3,000,000 | 2,000,000 | ||||
purchases of treasury stock | -56,000,000 | -18,000,000 | 0 | -187,000,000 | -434,000,000 | -445,000,000 | -732,000,000 | -632,000,000 | -1,899,000,000 | -532,000,000 | -36,000,000 | -3,000,000 | -8,000,000 | 0 | -908,000,000 | -97,000,000 | -12,000,000 | -6,000,000 | -22,000,000 | -15,000,000 | -7,000,000 | -586,000,000 | -536,000,000 | -207,000,000 | ||||||||||||||||||||||||||||||||||||||||
cash dividends paid on common and preferred stock | -409,000,000 | -408,000,000 | -408,000,000 | -398,000,000 | -380,000,000 | -377,000,000 | -371,000,000 | -366,000,000 | -332,000,000 | -330,000,000 | -347,000,000 | -368,000,000 | -320,000,000 | -321,000,000 | -324,000,000 | -323,000,000 | -216,000,000 | -209,000,000 | -210,000,000 | -209,000,000 | -211,000,000 | -211,000,000 | ||||||||||||||||||||||||||||||||||||||||||
contributions from noncontrolling interest | 50,000,000 | 47,000,000 | 39,000,000 | 51,000,000 | 63,000,000 | 54,000,000 | 4,000,000 | 351,000,000 | 272,000,000 | 123,000,000 | 145,000,000 | 65,000,000 | 26,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
other financing | -105,000,000 | -98,000,000 | 24,000,000 | -40,000,000 | -122,000,000 | -152,000,000 | 90,000,000 | -44,000,000 | -141,000,000 | -35,000,000 | -134,000,000 | -28,000,000 | -36,000,000 | -48,000,000 | -25,000,000 | -33,000,000 | -24,000,000 | -32,000,000 | -18,000,000 | -15,000,000 | -15,000,000 | -320,000,000 | -39,000,000 | 136,000,000 | -196,000,000 | 264,000,000 | -4,000,000 | -2,000,000 | 2,000,000 | 2,000,000 | ||||||||||||||||||||||||||||||||||
financing cash flow from continuing operations | -7,328,000,000 | -2,330,000,000 | -3,370,000,000 | -4,586,000,000 | -3,429,000,000 | -2,531,000,000 | -5,422,000,000 | -259,000,000 | -352,000,000 | -2,861,000,000 | 303,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
financing cash flow from discontinued operations | -1,000,000 | -2,000,000 | -3,000,000 | -2,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash used by financing activities | -7,328,000,000 | -1,243,000,000 | -932,000,000 | 39,000,000 | -328,000,000 | -455,000,000 | -1,539,000,000 | -1,816,000,000 | -1,080,000,000 | -2,330,000,000 | -3,370,000,000 | -4,586,000,000 | -3,429,000,000 | -5,424,000,000 | -262,000,000 | -354,000,000 | -935,000,000 | -1,019,000,000 | -1,540,000,000 | -814,000,000 | -2,187,000,000 | -789,000,000 | -104,000,000 | -1,741,000,000 | -572,000,000 | |||||||||||||||||||||||||||||||||||||||
increase in cash, cash equivalents, restricted cash and restricted cash equivalents | 1,801,000,000 | -150,000,000 | -164,000,000 | -282,000,000 | 485,000,000 | 364,000,000 | -102,000,000 | 562,000,000 | -131,000,000 | 192,000,000 | -253,000,000 | -122,000,000 | -550,000,000 | -852,000,000 | 509,000,000 | -2,472,000,000 | 2,298,000,000 | 274,000,000 | 120,000,000 | -1,791,000,000 | ||||||||||||||||||||||||||||||||||||||||||||
cash, cash equivalents, restricted cash and restricted cash equivalents — beginning of period | 2,046,000,000 | 0 | 0 | 2,157,000,000 | 0 | 0 | 1,464,000,000 | 0 | 0 | 1,026,000,000 | 0 | 0 | 2,803,000,000 | 0 | 0 | 2,194,000,000 | 0 | 0 | 3,574,000,000 | |||||||||||||||||||||||||||||||||||||||||||||
cash, cash equivalents, restricted cash and restricted cash equivalents — end of period | 3,847,000,000 | -164,000,000 | -282,000,000 | 2,642,000,000 | -102,000,000 | 562,000,000 | 1,333,000,000 | 116,000,000 | -685,000,000 | 1,218,000,000 | -122,000,000 | -550,000,000 | 1,951,000,000 | -2,472,000,000 | 2,298,000,000 | 2,468,000,000 | 861,000,000 | -1,151,000,000 | 2,364,000,000 | |||||||||||||||||||||||||||||||||||||||||||||
the accompanying notes are an integral part of these consolidated condensed financial statements. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
asset impairments | 78,000,000 | 78,000,000 | 3,364,000,000 | 236,000,000 | 471,000,000 | 471,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
undistributed losses from equity investments | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
dry hole expense | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
decrease in trade receivables | -100,000,000 | 297,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
decrease in inventories | -4,000,000 | -227,000,000 | 173,000,000 | -248,000,000 | -134,000,000 | -383,000,000 | -152,000,000 | 439,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
decrease in joint interest receivables and other current assets | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating cash flow from discontinued operations | 870,000,000 | 876,000,000 | 550,000,000 | -17,000,000 | -11,000,000 | -5,000,000 | 33,000,000 | 95,000,000 | 154,000,000 | 141,000,000 | 198,000,000 | 36,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sale of assets and equity investments | 112,000,000 | 1,334,000,000 | 323,000,000 | 285,000,000 | 151,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash used by investing activities | -1,810,000,000 | -1,259,000,000 | -1,999,000,000 | -731,000,000 | -1,790,000,000 | -9,119,000,000 | -1,871,000,000 | -1,810,000,000 | -1,969,000,000 | -1,474,000,000 | -1,939,000,000 | -1,598,000,000 | -1,898,000,000 | -1,019,000,000 | -1,293,000,000 | -662,000,000 | -51,000,000 | -166,000,000 | -754,000,000 | -282,000,000 | 1,579,000,000 | -292,000,000 | -576,000,000 | -1,530,000,000 | -2,703,000,000 | -1,415,000,000 | -1,700,000,000 | -2,286,000,000 | -971,000,000 | -2,261,000,000 | -1,362,000,000 | -819,000,000 | -1,976,000,000 | -1,334,000,000 | -637,000,000 | -5,118,000,000 | -3,889,000,000 | -2,206,000,000 | ||||||||||||||||||||||||||
draws on receivables securitization facility | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payment of receivables securitization facility | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from long-term debt | 0 | 978,000,000 | 978,000,000 | 978,000,000 | 2,718,000,000 | 2,718,000,000 | 1,478,000,000 | 1,478,000,000 | 1,736,000,000 | 1,736,000,000 | 2,111,000,000 | 740,000,000 | 740,000,000 | 51,000,000 | 51,000,000 | 97,000,000 | 66,000,000 | 118,000,000 | 70,000,000 | |||||||||||||||||||||||||||||||||||||||||||||
payments of long-term debt | -170,000,000 | -1,304,000,000 | -1,762,000,000 | -518,000,000 | -507,000,000 | 0 | 0 | 0 | -22,000,000 | -1,159,000,000 | -1,217,000,000 | -3,849,000,000 | -3,259,000,000 | -4,381,000,000 | 0 | -174,000,000 | -500,000,000 | -500,000,000 | -500,000,000 | |||||||||||||||||||||||||||||||||||||||||||||
redemption of preferred stock | 0 | -679,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred payments for purchases of assets and businesses | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash provided (used) by financing activities | -974,000,000 | -1,202,000,000 | -1,158,000,000 | -77,000,000 | 1,490,000,000 | 31,000,000 | 351,000,000 | 833,000,000 | 219,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash, cash equivalents, restricted cash and restricted cash equivalents — beginning of year | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash, cash equivalents, restricted cash and restricted cash equivalents — end of year | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
asset impairments and related items | 256,000,000 | 42,000,000 | 30,000,000 | 24,000,000 | 13,000,000 | 13,000,000 | 139,000,000 | 236,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
decrease in other current assets | -103,000,000 | 79,000,000 | -52,000,000 | 73,000,000 | 140,000,000 | 6,000,000 | 53,000,000 | -67,000,000 | -23,000,000 | -82,000,000 | -132,000,000 | 324,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
payment for taxes related to stock-based award settlement | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred income tax benefit | -17,000,000 | -129,000,000 | 272,000,000 | 203,000,000 | -2,240,000,000 | 20,000,000 | -131,000,000 | -81,000,000 | -111,000,000 | -162,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss on sales of assets and other | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
increase in accounts payable and accrued liabilities | 337,000,000 | -1,586,000,000 | 272,000,000 | 118,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sales of assets and equity investments | 1,306,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other noncash charges (benefit) to income | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
financing portion of net cash paid for derivative instruments | -10,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
losses on sales of assets | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
noncash charges to income and other | 138,000,000 | -207,000,000 | 156,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
decrease in receivables | 170,000,000 | -626,000,000 | -76,000,000 | 479,000,000 | -823,000,000 | 422,000,000 | 1,010,000,000 | -235,000,000 | -720,000,000 | -187,000,000 | -242,000,000 | -937,000,000 | 90,000,000 | 3,909,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
gains on sales of assets | -192,000,000 | -1,000,000 | -4,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
noncash charges (benefits) to income and other | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchases of assets and equity investments | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sales of businesses and assets | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
contribution from noncontrolling interest | 42,000,000 | 57,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchases of businesses and assets | -142,000,000 | -80,000,000 | 11,000,000 | -151,000,000 | -157,000,000 | -280,000,000 | -29,000,000 | -9,000,000 | -8,000,000 | -105,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on sales of assets and other | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchase of businesses, assets and equity investments | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
debt issuance costs | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
noncash charges (benefit) to income and other | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
financing portion of net cash received for derivative instruments | -79,000,000 | 61,000,000 | 79,000,000 | -43,000,000 | 45,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
decrease in cash, cash equivalents, restricted cash and restricted cash equivalents | 116,000,000 | -1,151,000,000 | -1,210,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss on sales of equity investments and other assets | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
undistributed earnings from affiliates | -16,000,000 | -70,000,000 | -4,000,000 | -3,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payment of liabilities associated with the sale of future royalties | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on sales of assets | -74,000,000 | -23,000,000 | -135,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other noncash reconciling items | 20,000,000 | -515,000,000 | 34,000,000 | 189,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
increase in receivables | -917,000,000 | -1,238,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchase of businesses and assets | -12,000,000 | -54,000,000 | -13,000,000 | -35,000,000 | -82,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from long-term debt, net - occidental | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payments of long-term debt, net - occidental | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from long-term debt, net - wes | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of common and preferred stock | 8,000,000 | 18,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
distributions to noncontrolling interest | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
losses on sales of equity investments and other assets | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
decrease in inventory | 34,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
increase in current domestic and international income taxes | 45,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sales of other assets and equity investments | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from long-term debt, net of issuance costs | -108,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net loss | 103,000,000 | -146,000,000 | -302,000,000 | -61,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
adjustments to reconcile net loss to net cash from operating activities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gains on sales of equity investments and other assets | -3,000,000 | -111,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sales of equity investments and other assets | 7,000,000 | 496,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other noncash benefits to income | -301,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(increase) in inventory | -311,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(decrease) in accounts payable and accrued liabilities | -42,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other operating | 722,000,000 | 729,000,000 | -8,000,000 | -313,000,000 | -304,000,000 | -367,000,000 | -499,000,000 | -307,000,000 | 106,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
asset impairments and other items | 2,695,000,000 | 6,452,000,000 | 1,768,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
changes in operating assets and liabilities | -642,000,000 | -884,000,000 | -1,069,000,000 | -920,000,000 | -688,000,000 | -310,000,000 | -306,000,000 | -389,000,000 | -460,000,000 | -511,000,000 | -316,000,000 | -938,000,000 | -954,000,000 | -555,000,000 | 445,000,000 | 227,000,000 | 16,000,000 | 285,000,000 | 102,000,000 | 168,000,000 | ||||||||||||||||||||||||||||||||||||||||||||
proceeds from sale of assets | 12,000,000 | 1,293,000,000 | 609,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investing cash flow from discontinued operations, net of taxes | -6,000,000 | -4,000,000 | -21,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from short-term borrowings and revolvers - wes | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payment of revolvers - wes | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
distributions paid to noncontrolling interest | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
financing cash flow from discontinued operations, net of taxes | -2,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash (used) provided by financing activities | -513,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
supplemental non-cash activities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
non-cash investing activities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
exchange equity investment in wes | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
non-cash financing activities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
settlement of long-term debt - wes | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other noncash (gains) charges to income | 467,000,000 | -550,000,000 | -23,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock issuance costs | -50,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash dividends paid | -714,000,000 | -913,000,000 | -1,178,000,000 | -591,000,000 | -1,780,000,000 | -1,185,000,000 | -592,000,000 | -1,754,000,000 | -1,168,000,000 | -584,000,000 | -1,724,000,000 | -1,149,000,000 | -574,000,000 | -1,690,000,000 | -1,113,000,000 | -557,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
gain on sales of equity investments and other assets | -7,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
undistributed losses (income) from affiliates | 174,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
dry hole expenses | 18,000,000 | 21,000,000 | 27,000,000 | 15,000,000 | 8,000,000 | 7,000,000 | 33,000,000 | 28,000,000 | 4,000,000 | 3,000,000 | 1,000,000 | 100,000,000 | 65,000,000 | 34,000,000 | 115,000,000 | 77,000,000 | 25,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||
payments of long-term debt, net - wes | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents — beginning of year | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on sale of assets | -22,000,000 | -7,000,000 | -969,000,000 | -43,000,000 | -33,000,000 | -598,000,000 | -512,000,000 | -198,000,000 | -94,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash from operating activities - continuing operations | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash used by operating activities - discontinued operations | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash used by investing activities - continuing operations | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash used by investing activities - discontinued operations | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from wes revolvers | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash dividends paid to common stockholders | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash provided (used) by financing activities - continuing operations | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash used by financing activities - discontinued operations | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash from (used) by financing activities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents — beginning of period | 3,033,000,000 | 3,033,000,000 | 1,672,000,000 | 1,672,000,000 | 1,672,000,000 | 2,233,000,000 | 2,233,000,000 | 2,233,000,000 | 3,201,000,000 | 3,201,000,000 | 3,201,000,000 | 3,789,000,000 | 3,789,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
undistributed earnings from equity investments | -64,000,000 | 3,000,000 | 22,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payments for purchases of assets and businesses | -76,000,000 | -69,000,000 | -726,000,000 | -242,000,000 | -177,000,000 | -1,060,000,000 | -377,000,000 | -19,000,000 | -34,000,000 | -43,000,000 | -6,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
sales of assets | 32,000,000 | 16,000,000 | 2,745,000,000 | 330,000,000 | 275,000,000 | 5,000,000 | 2,000,000 | 45,000,000 | 45,000,000 | 44,000,000 | 47,000,000 | 45,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
purchase of treasury stock | -237,000,000 | -237,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
decrease in cash and cash equivalents | -1,282,000,000 | -1,281,000,000 | -310,000,000 | -66,000,000 | -427,000,000 | -739,000,000 | -21,000,000 | -25,000,000 | -1,242,000,000 | -1,033,000,000 | -1,636,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents — end of period | 1,751,000,000 | 1,752,000,000 | 2,954,000,000 | 1,362,000,000 | 1,606,000,000 | 1,806,000,000 | 2,218,000,000 | 1,494,000,000 | 3,180,000,000 | 3,751,000,000 | 3,176,000,000 | 2,547,000,000 | 2,756,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
adjustments to reconcile net income to net cash fromoperating activities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other noncash charges (benefits) to income | 225,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income from discontinued operations | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
sales of equity investments and assets | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other | -254,000,000 | -87,000,000 | 1,000,000 | 1,000,000 | 3,000,000 | 7,000,000 | 1,000,000 | 9,000,000 | 39,000,000 | 92,000,000 | 16,000,000 | 1,000,000 | 1,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
increase in cash, cash equivalents, and restricted cash | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash, cash equivalents, and restricted cash — beginning of year | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents — end of year | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
increase in cash and cash equivalents | 1,282,000,000 | -15,000,000 | 550,000,000 | 2,179,000,000 | 1,477,000,000 | 548,000,000 | 629,000,000 | 1,461,000,000 | 475,000,000 | 1,092,000,000 | 665,000,000 | 116,000,000 | 166,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
net distributions from equity investments | -20,000,000 | 3,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other investing | -49,000,000 | 8,000,000 | -37,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on sale of equity investments and other assets | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
change in restricted cash | 1,193,000,000 | 1,193,000,000 | 1,193,000,000 | 2,254,000,000 | 1,637,000,000 | 754,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payment of long-term debt | -2,710,000,000 | -2,710,000,000 | -700,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
adjustments to reconcile income to net cash fromoperating activities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
the accompanying notes are an integral part of these consolidated financial statements. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
special cash distributions from california resources | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
adjustments to reconcile net loss to net cash fromoperating activities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss on sale of assets | -138,000,000 | -138,000,000 | 5,000,000 | 24,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
sale of assets | 260,000,000 | 58,000,000 | 20,000,000 | 17,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash from financing activities | 66,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchases of assets | -24,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
decrease (increase) in receivables | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
decrease (increase) in inventories | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchase of businesses and other assets | -52,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from short-term borrowings | 1,599,000,000 | 500,000,000 | 1,000,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash provided (used by) financing activities | 1,490,000,000 | 9,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents—beginning of period | 3,789,000,000 | 3,393,000,000 | 3,393,000,000 | 3,393,000,000 | 1,592,000,000 | 1,592,000,000 | 1,592,000,000 | 3,781,000,000 | 3,781,000,000 | 3,781,000,000 | 2,578,000,000 | 2,578,000,000 | 2,578,000,000 | 1,230,000,000 | 1,230,000,000 | 1,777,000,000 | 1,777,000,000 | 1,777,000,000 | 1,964,000,000 | 1,964,000,000 | 1,339,000,000 | 1,339,000,000 | 2,188,000,000 | 2,189,000,000 | ||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents—end of period | 2,153,000,000 | 2,897,000,000 | 2,391,000,000 | 2,332,000,000 | 3,771,000,000 | 3,069,000,000 | 2,140,000,000 | 3,760,000,000 | 4,410,000,000 | 3,760,000,000 | 4,039,000,000 | 1,994,000,000 | 2,100,000,000 | 2,322,000,000 | 1,895,000,000 | 1,608,000,000 | 1,755,000,000 | 1,126,000,000 | 1,452,000,000 | 1,495,000,000 | 1,455,000,000 | 1,505,000,000 | 1,356,000,000 | 1,804,000,000 | ||||||||||||||||||||||||||||||||||||||||
gain on sale of equity investments | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on sale of assets and equity investments | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
sale of assets and equity investments | 1,387,000,000 | 1,371,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchases of long-term debt | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
contributions from (distributions to) noncontrolling interest | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on sale of equity investment | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
sale of equity investment | 270,000,000 | 270,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gains on disposition of assets | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
dry hole and impairment expense | 221,000,000 | 166,000,000 | 82,000,000 | 109,000,000 | 94,000,000 | 49,000,000 | 15,000,000 | 72,000,000 | 32,000,000 | 130,000,000 | 90,000,000 | 48,000,000 | 134,000,000 | 43,000,000 | 186,000,000 | 90,000,000 | 40,000,000 | 29,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||
adjustments to reconcile net income to net cash from operating activities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
decrease in prepaid expenses and other assets | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
losses on disposition of assets | 5,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
excess share-based tax benefits and other | 10,000,000 | 5,000,000 | 17,000,000 | 7,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income from equity investments | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
decrease (increase) in prepaid expenses and other assets | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
sales of equity investments and available-for-sale investments | 1,157,000,000 | 1,083,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
adjustments to reconcile net income to net cash from | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating activities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
excess share-based tax benefits | 3,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(decrease) increase in accounts payable and accrued liabilities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
increase (decrease) in current domestic and foreign income taxes | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchases of short-term investments | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
sales of short-term investments | 30,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(decrease) increase in cash and cash equivalents | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
depreciation, depletion and amortization expense | 2,297,000,000 | 1,528,000,000 | 786,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other non-cash charges to income | 333,000,000 | 205,000,000 | 105,000,000 | 484,000,000 | 149,000,000 | 632,000,000 | 482,000,000 | 301,000,000 | 205,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
sales of investments | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
equity investments and other investing | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
excess tax benefits related to share-based payments | 15,000,000 | 4,000,000 | 2,000,000 | 74,000,000 | 12,000,000 | 44,000,000 | 24,000,000 | 92,000,000 | 7,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
stock options exercised | 2,000,000 | 1,000,000 | 10,000,000 | 6,000,000 | 25,000,000 | 18,000,000 | 24,000,000 | 12,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income attributable to common stock | 368,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
decrease in accounts and notes receivable | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
decrease in current domestic and foreign income taxes | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payments of long-term debt and capital lease liabilities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on disposition of assets | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
sale of businesses and disposal of property, plant, and equipment | 22,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
short term investments - purchases | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
short term investments - sales | 250,000,000 | 250,000,000 | 115,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
sale of equity investments and available-for-sale investments | 51,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payments of long-term debt and notes payable | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
the accompanying notes are an integral part of these financial statements. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss on disposition of assets | 6,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cumulative effect of changes in accounting principles | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
reversal of tax reserves | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
increase in accounts and notes receivable | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
increase in prepaid expenses and other assets | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
increase (decrease) in accounts payable and accrued liabilities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(decrease) increase in current domestic and foreign income taxes | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchase of assets | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchase of short-term investments | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
sale of short-term investments | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
adjustments to reconcile net income to net cash from operating | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
activities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash provided by operating activities | 4,324,000,000 | 2,948,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
sales of businesses and disposal of property, plant, and equipment | 460,000,000 | 63,000,000 | 674,000,000 | 5,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on lyondell stock issuance | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
sale of businesses and disposal of property, plant and equipment | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchase of businesses | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
repurchase of trust preferred securities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
adjustments to reconcile income to net cash from operating activities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payments on long-term debt and capital lease liabilities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income from continuing operations | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(income) income from equity investments | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents—beginning of year | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents—end of year | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchase of businesses and other interests | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
sales of businesses and disposal of property, plant and equipment | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
redemption of trust preferred securities |