Information Relating to the Consolidated Statement of Cash Flows (Tables)

3 Months Ended

Mar. 31, 2019

Supplemental Cash Flow Elements [Abstract]

Schedule of information relating to the consolidated statement of cash flows

	Three Months Ended March 31
(Millions of dollars)	2019			2018
Net decrease (increase) in operating working capital was composed of the following:
Decrease (increase) in accounts and notes receivable	$	473		$	(335	)
Decrease (increase) in inventories	(1,098		)	(543		)
Decrease (increase) in prepaid expenses and other current assets	(667		)	(608		)
Increase (decrease) in accounts payable and accrued liabilities	(160		)	(807		)
Increase (decrease) in income and other taxes payable	242			189
Net decrease (increase) in operating working capital	$	(1,210	)	$	(2,104	)
Net cash provided by operating activities includes the following cash payments:
Interest on debt (net of capitalized interest)	$	186		$	105
Income taxes	757			843
Proceeds and deposits related to asset sales and returns of investment consisted of the following gross amounts:
Proceeds and deposits related to asset sales	$	276		$	31
Returns of investment from equity affiliates	18			80
Proceeds and deposits related to asset sales and returns of investment	$	294		$	111
Net maturities of (investments in) time deposits consisted of the following gross amounts:
Investments in time deposits	$	—		$	—
Maturities of time deposits	950			—
Net maturities of (investments in) time deposits	$	950		$	—
Net sales (purchases) of marketable securities consisted of the following gross amounts:
Marketable securities purchased	$	(1	)	$	(29	)
Marketable securities sold	3			—
Net sales (purchases) of marketable securities	$	2		$	(29	)
Net repayment (borrowing) of loans by equity affiliates consisted of the following gross amounts:
Borrowing of loans by equity affiliates	$	(350	)	$	—
Repayment of loans by equity affiliates	29			26
Net repayment (borrowing) of loans by equity affiliates	$	(321	)	$	26
Net borrowings (repayments) of short-term obligations consisted of the following gross and net amounts:
Proceeds from issuances of short-term obligations	$	359		$	658
Repayments of short-term obligations	(134		)	(1,377		)
Net borrowings (repayments) of short-term obligations with three months or less maturity	711			3,933
Net borrowings (repayments) of short-term obligations	$	936		$	3,214

The table below quantifies the beginning and ending balances of restricted cash and restricted cash equivalents in the Consolidated Balance Sheet:

	At March 31				At December 31
	2019		2018		2018		2017
	(Millions of dollars)				(Millions of dollars)
Cash and Cash Equivalents	$	8,699	$	6,466	$	9,342	$	4,813
Restricted cash included in "Prepaid expenses and other current assets"	195		316		341		405
Restricted cash included in "Deferred charges and other assets"	801		735		798		725
Total Cash, Cash Equivalents and Restricted Cash	$	9,695	$	7,517	$	10,481	$	5,943

Capital expenditures

The major components of “Capital expenditures” and the reconciliation of this amount to the reported capital and exploratory expenditures, including equity affiliates, are presented in the following table:

	Three Months Ended March 31
(Millions of dollars)	2019		2018
Additions to properties, plant and equipment	$	2,865	$	2,937
Additions to investments	14		15
Current-year dry hole expenditures	74		45
Payments for other liabilities and assets, net	—		—
Capital expenditures	2,953		2,997
Expensed exploration expenditures	103		113
Assets acquired through finance lease obligations and other financing obligations	146		—
Capital and exploratory expenditures, excluding equity affiliates	3,202		3,110
Company's share of expenditures by equity affiliates	1,532		1,295
Capital and exploratory expenditures, including equity affiliates	$	4,734	$	4,405