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

6 Months Ended

Jun. 30, 2021

Supplemental Cash Flow Elements [Abstract]

Schedule of Information Relating to Consolidated Statement of Cash Flows

	Six Months Ended June 30
	2021		2020
	(Millions of dollars)
Distributions more (less) than income from equity affiliates includes the following:
Distributions from equity affiliates	$	936	$	728
(Income) loss from equity affiliates	(2,353)		1,550
Distributions more (less) than income from equity affiliates	$	(1,417)	$	2,278
Net decrease (increase) in operating working capital was composed of the following:
Decrease (increase) in accounts and notes receivable	$	(4,725)	$	4,769
Decrease (increase) in inventories	(471)		371
Decrease (increase) in prepaid expenses and other current assets	(1)		392
Increase (decrease) in accounts payable and accrued liabilities	3,751		(4,812)
Increase (decrease) in income and other taxes payable	414		(1,093)
Net decrease (increase) in operating working capital	$	(1,032)	$	(373)
Net cash provided by operating activities includes the following cash payments:
Interest on debt (net of capitalized interest)	$	355	$	328
Income taxes	1,939		2,142
Proceeds and deposits related to asset sales and returns of investment consisted of the following gross amounts:
Proceeds and deposits related to asset sales	$	352	$	1,821
Returns of investment from equity affiliates	17		31
Proceeds and deposits related to asset sales and returns of investment	$	369	$	1,852
Net sales (purchases) of marketable securities consisted of the following gross amounts:
Marketable securities purchased	$	(3)	$	(1)
Marketable securities sold	3		—
Net sales (purchases) of marketable securities	$	—	$	(1)
Net repayment (borrowing) of loans by equity affiliates consisted of the following gross amounts:
Borrowing of loans by equity affiliates	$	—	$	(1,100)
Repayment of loans by equity affiliates	39		26
Net repayment (borrowing) of loans by equity affiliates	$	39	$	(1,074)
Net borrowings (repayments) of short-term obligations consisted of the following gross and net amounts:
Proceeds from issuances of short-term obligations	$	4,449	$	7,922
Repayments of short-term obligations	(3,910)		(2,150)
Net borrowings (repayments) of short-term obligations with three months or less maturity	1,409		(3,201)
Net borrowings (repayments) of short-term obligations	$	1,948	$	2,571
Net sales (purchases) of treasury shares consists of the following gross and net amounts:
Shares issued for share-based compensation plans	$	381	$	201
Shares purchased under share repurchase and deferred compensation plans	(8)		(1,751)
Net sales (purchases) of treasury shares	$	373	$	(1,550)

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
	2021		2020		2020		2019
	(Millions of dollars)
Cash and Cash Equivalents	$	7,527	$	6,855	$	5,596	$	5,686
Restricted cash included in “Prepaid expenses and other current assets”	378		161		365		452
Restricted cash included in “Deferred charges and other assets”	783		763		776		773
Total Cash, Cash Equivalents and Restricted Cash	$	8,688	$	7,779	$	6,737	$	6,911

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
	2021		2020
	(Millions of dollars)
Additions to properties, plant and equipment	$	3,354	$	4,991
Additions to investments	168		44
Current-year dry hole expenditures	19		223
Payments for other assets and liabilities, net	2		(33)
Capital expenditures	3,543		5,225
Expensed exploration expenditures	180		208
Assets acquired through finance lease obligations and other financing obligations	42		6
Payments for other assets and liabilities, net	(2)		33
Capital and exploratory expenditures, excluding equity affiliates	3,763		5,472
Company’s share of expenditures by equity affiliates	1,527		2,258
Capital and exploratory expenditures, including equity affiliates	$	5,290	$	7,730