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

3 Months Ended

Mar. 31, 2023

Supplemental Cash Flow Elements [Abstract]

Schedule of Information Relating to Consolidated Statement of Cash Flows

	Three Months Ended March 31
	2023		2022
	(Millions of dollars)
Distributions more (less) than income from equity affiliates included the following:
Distributions from equity affiliates	$	687	$	644
(Income) loss from equity affiliates	(1,588)		(2,085)
Distributions more (less) than income from equity affiliates	$	(901)	$	(1,441)
Net decrease (increase) in operating working capital was composed of the following:
Decrease (increase) in accounts and notes receivable	$	1,458	$	(5,289)
Decrease (increase) in inventories	(985)		(222)
Decrease (increase) in prepaid expenses and other current assets	(822)		137
Increase (decrease) in accounts payable and accrued liabilities	(1,849)		3,768
Increase (decrease) in income and other taxes payable	383		669
Net decrease (increase) in operating working capital	$	(1,815)	$	(937)
Net cash provided by operating activities included the following cash payments:
Interest on debt (net of capitalized interest)	$	53	$	47
Income taxes	1,830		1,071
Proceeds and deposits related to asset sales and returns of investment consisted of the following gross amounts:
Proceeds and deposits related to asset sales	$	131	$	747
Returns of investment from equity affiliates	88		536
Proceeds and deposits related to asset sales and returns of investment	$	219	$	1,283
Net sales (purchases) of marketable securities consisted of the following gross amounts:
Marketable securities purchased	$	—	$	(2)
Marketable securities sold	95		2
Net sales (purchases) of marketable securities	$	95	$	—
Net repayment (borrowing) of loans by equity affiliates consisted of the following gross amounts:
Borrowing of loans by equity affiliates	$	(103)	$	—
Repayment of loans by equity affiliates	20		12
Net repayment (borrowing) of loans by equity affiliates	$	(83)	$	12
Net borrowings (repayments) of short-term obligations consisted of the following gross and net amounts:
Proceeds from issuances of short-term debt obligations	$	—	$	—
Repayments of short-term debt obligations	—		—
Net borrowings (repayments) of short-term debt obligations with three months or less maturity	(87)		61
Net borrowings (repayments) of short-term obligations	$	(87)	$	61
Net sales (purchases) of treasury shares consisted of the following gross and net amounts:
Shares issued for share-based compensation plans	$	146	$	4,641
Shares purchased under share repurchase and deferred compensation plans	(3,753)		(1,255)
Net sales (purchases) of treasury shares	$	(3,607)	$	3,386
Net contributions from (distributions to) noncontrolling interests consisted of the following gross amounts:
Distributions to noncontrolling interests	$	(9)	$	(5)
Contributions from noncontrolling interests	—		—
Net contributions from (distributions to) noncontrolling interests	$	(9)	$	(5)

Capital Expenditures

The components of “Capital expenditures” are presented in the following table:

	Three Months Ended March 31
	2023		2022
	(Millions of dollars)
Additions to properties, plant and equipment	$	2,907	$	1,732
Additions to investments	111		158
Current-year dry hole expenditures	20		70
Payments for other assets and liabilities, net	—		—
Capital expenditures	$	3,038	$	1,960

Schedule of Cash and Cash Equivalents

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
	2023		2022		2022		2021
	(Millions of dollars)				(Millions of dollars)
Cash and cash equivalents	$	15,668	$	11,671	$	17,678	$	5,640
Restricted cash included in “Prepaid expenses and other current assets”	357		317		630		333
Restricted cash included in “Deferred charges and other assets”	874		818		813		822
Total cash, cash equivalents and restricted cash	$	16,899	$	12,806	$	19,121	$	6,795

Restrictions on Cash and Cash Equivalents

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
	2023		2022		2022		2021
	(Millions of dollars)				(Millions of dollars)
Cash and cash equivalents	$	15,668	$	11,671	$	17,678	$	5,640
Restricted cash included in “Prepaid expenses and other current assets”	357		317		630		333
Restricted cash included in “Deferred charges and other assets”	874		818		813		822
Total cash, cash equivalents and restricted cash	$	16,899	$	12,806	$	19,121	$	6,795