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Information Relating to the Consolidated Statement of Cash Flows (Tables) | 6 Months Ended
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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 |

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