Cash Flow Information

12 Months Ended

Dec. 31, 2019

Cash Flow Information [Abstract]

Cash Flow Information

Note 21—Cash Flow Information

Millions of Dollars

2019

2018

2017

Noncash Investing Activities

Increase (decrease) in PP&E related to an increase (decrease) in asset

retirement obligations

$

205

395

(37)

Increase (decrease) in assets and liabilities acquired in a nonmonetary

exchange*

Accounts receivable

-

(44)

-

Inventories

-

42

-

Investments and long-term receivables

-

15

-

PP&E

-

1,907

-

Other long-term assets

-

(9)

-

Accounts payable

-

7

-

Accrued income and other taxes

-

40

-

Cash Payments

Interest

$

810

772

1,163

Income taxes

2,905

2,976

1,168

Net Sales (Purchases) of Investments

Short-term investments purchased

$

(4,902)

(1,953)

(6,617)

Short-term investments sold

2,138

3,573

4,827

Investments and long-term receivables purchased

(146)

-

-

$

(2,910)

1,620

(1,790)

*See Note 5—Asset Acquisitions and Dispositions.

The following items are included in the “Cash Flows from Operating Activities” section of our consolidated

cash flows.

We collected $

330

 million and $

430

 million in 2019 and 2018, respectively, from PDVSA under a settlement

agreement related to an award issued by the ICC Tribunal in 2018. We collected $

262

 million and $

75

 million

from Ecuador in 2018 and 2017, respectively, as installment payments related to an agreement reached with

Ecuador in 2017. For more information on these settlements, see Note 13—Contingencies and Commitments.

In 2019, we made a $

324

 million contribution to our U.K. pension plan. We made discretionary payments to

our domestic qualified pension plan of $

120

 million and $

600

 million in 2018 and 2017, respectively.

In 2017, we recognized a $

180

 million adverse cash impact from the settlement of cross-currency swap

transactions.