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Information Relating to the Consolidated Statement of Cash Flows (Tables)
 6 Months Ended
Jun. 30, 2019
Supplemental Cash Flow Elements [Abstract]  
Schedule of information relating to the consolidated statement of cash flows
 
Six Months Ended
June 30
(Millions of dollars)
2019

 
2018

Net decrease (increase) in operating working capital was composed of the following:
Decrease (increase) in accounts and notes receivable
$
910

 
$
(1,379
)
Decrease (increase) in inventories
(878
)
 
(1,075
)
Decrease (increase) in prepaid expenses and other current assets
(303
)
 
(433
)
Increase (decrease) in accounts payable and accrued liabilities
284

 
704

Increase (decrease) in income and other taxes payable
(292
)
 
(104
)
Net decrease (increase) in operating working capital
$
(279
)
 
$
(2,287
)
Net cash provided by operating activities includes the following cash payments:
Interest on debt (net of capitalized interest)
$
443

 
$
373

Income taxes
$
2,590

 
$
2,335

Proceeds and deposits related to asset sales and returns of investment consisted of the following gross amounts:
 
 
 
Proceeds and deposits related to asset sales
$
891

 
$
693

Returns of investment from equity affiliates
46

 
96

Proceeds and deposits related to asset sales and returns of investment
$
937

 
$
789

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
)
 
$
(49
)
Marketable securities sold
3

 
—

Net sales (purchases) of marketable securities
$
2

 
$
(49
)
Net repayment (borrowing) of loans by equity affiliates consisted of the following gross amounts:
 
 
 
Borrowing of loans by equity affiliates
$
(675
)
 
$
—

Repayment of loans by equity affiliates
55

 
52

Net repayment (borrowing) of loans by equity affiliates
$
(620
)
 
$
52

Net borrowings (repayments) of short-term obligations consisted of the following gross and net amounts:
 
 
 
Proceeds from issuances of short-term obligations
$
614

 
$
1,771

Repayments of short-term obligations
(366
)
 
(2,212
)
Net borrowings (repayments) of short-term obligations with three months or less maturity
(437
)
 
5,142

Net borrowings (repayments) of short-term obligations
$
(189
)
 
$
4,701

 
 
 
 

The table below quantifies the beginning and ending balances of restricted cash and restricted cash equivalents in the Consolidated Balance Sheet:
 
At June 30
 
At December 31
 
2019
 
2018
 
2018
 
2017
 
(Millions of dollars)
 
(Millions of dollars)
Cash and Cash Equivalents
$
8,513

 
$
7,628

 
$
9,342

 
$
4,813

Restricted cash included in "Prepaid expenses and other current assets"
428

 
339

 
341

 
405

Restricted cash included in "Deferred charges and other assets"
750

 
731

 
798

 
725

Total Cash, Cash Equivalents and Restricted Cash
$
9,691

 
$
8,698

 
$
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:
 
Six Months Ended
June 30
(Millions of dollars)
2019

 
2018

Additions to properties, plant and equipment
$
6,381

 
$
6,097

Additions to investments
40

 
21

Current-year dry hole expenditures
103

 
105

Payments for other assets and liabilities, net
13

 
—

Capital expenditures
6,537

 
6,223

Expensed exploration expenditures
207

 
229

Assets acquired through finance lease obligations and other financing obligations
147

 
65

Payments for other assets and liabilities, net
(13
)
 
—

Capital and exploratory expenditures, excluding equity affiliates
6,878

 
6,517

Company's share of expenditures by equity affiliates
3,144

 
2,704

Capital and exploratory expenditures, including equity affiliates
$
10,022

 
$
9,221