Information Relating to the Consolidated Statement of Cash Flows

12 Months Ended

Dec. 31, 2021

Supplemental Cash Flow Elements [Abstract]

Information Relating to the Consolidated Statement of Cash Flows


	Year ended December 31
	2021		2020		2019
Distributions more (less) than income from equity affiliates includes the following:
Distributions from equity affiliates	$	3,659	$	1,543	$	1,895
(Income) loss from equity affiliates	(5,657)		472		(3,968)
Distributions more (less) than income from equity affiliates	$	(1,998)	$	2,015	$	(2,073)
Net decrease (increase) in operating working capital was composed of the following:
Decrease (increase) in accounts and notes receivable	$	(7,548)	$	2,423	$	1,852
Decrease (increase) in inventories	(530)		284		7
Decrease (increase) in prepaid expenses and other current assets	19		(87)		(323)
Increase (decrease) in accounts payable and accrued liabilities	5,475		(3,576)		(109)
Increase (decrease) in income and other taxes payable	1,223		(696)		67
Net decrease (increase) in operating working capital	$	(1,361)	$	(1,652)	$	1,494
Net cash provided by operating activities includes the following cash payments:
Interest on debt (net of capitalized interest)	$	699	$	720	$	810
Income taxes	4,355		2,987		4,817
Proceeds and deposits related to asset sales and returns of investment consisted of the following gross amounts:
Proceeds and deposits related to asset sales	$	1,352	$	2,891	$	2,809
Returns of investment from equity affiliates	439		77		142
Proceeds and deposits related to asset sales and returns of investment	$	1,791	$	2,968	$	2,951
Net maturities (investments) of 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	$	(4)	$	—	$	(1)
Marketable securities sold	3		35		3
Net sales (purchases) of marketable securities	$	(1)	$	35	$	2
Net repayment (borrowing) of loans by equity affiliates:
Borrowing of loans by equity affiliates	$	—	$	(3,925)	$	(1,350)
Repayment of loans by equity affiliates	401		2,506		105
Net repayment (borrowing) of loans by equity affiliates	$	401	$	(1,419)	$	(1,245)
Net borrowings (repayments) of short-term obligations consisted of the following gross and net amounts:
Proceeds from issuances of short-term obligations	$	4,448	$	10,846	$	2,586
Repayments of short-term obligations	(6,906)		(9,771)		(1,430)
Net borrowings (repayments) of short-term obligations with three months or less maturity	(3,114)		(424)		(3,977)
Net borrowings (repayments) of short-term obligations	$	(5,572)	$	651	$	(2,821)
Net sales (purchases) of treasury shares consists of the following gross and net amounts:
Shares issued for share-based compensation plans	$	1,421	$	226	$	1,104
Shares purchased under share repurchase and deferred compensation plans	(1,383)		(1,757)		(4,039)
Net sales (purchases) of treasury shares	$	38	$	(1,531)	$	(2,935)
Net contributions from (distributions to) noncontrolling interests consisted of the following gross and net amounts:
Distributions to noncontrolling interests	$	(53)	$	(26)	$	(18)
Contributions from noncontrolling interests	17		2		—
Net contributions from (distributions to) noncontrolling interests	$	(36)	$	(24)	$	(18)

The “Other” line in the Operating Activities section includes changes in postretirement benefits obligations and other long-term liabilities.

The Consolidated Statement of Cash Flows excludes changes to the Consolidated Balance Sheet that did not affect cash. “Distributions more (less) than income from equity affiliates,” “Depreciation, depletion and amortization,” “Deferred income tax provision,” and “Dry hole expense,” collectively include approximately $4.8 billion in non-cash reductions to properties, plant and equipment in 2020 relating to impairments and other non-cash charges. The company did not have any material impairments in 2021.

Refer also to Note 25 Asset Retirement Obligations for a discussion of revisions to the company’s AROs that also did not involve cash receipts or payments for the three years ending December 31, 2021.

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.


	Year ended December 31
	2021		2020		2019
Additions to properties, plant and equipment *	$	7,515	$	8,492	$	13,839
Additions to investments	460		136		140
Current-year dry hole expenditures	83		327		124
Payments for other assets and liabilities, net	(2)		(33)		13
Capital expenditures	8,056		8,922		14,116
Expensed exploration expenditures	431		500		598
Assets acquired through finance leases and other obligations	64		53		181
Payments for other assets and liabilities, net	2		42		(13)
Capital and exploratory expenditures, excluding equity affiliates	8,553		9,517		14,882
Company’s share of expenditures by equity affiliates	3,167		3,982		6,112
Capital and exploratory expenditures, including equity affiliates	$	11,720	$	13,499	$	20,994

* Excludes non-cash movements of $316 in 2021, $816 in 2020 and $(239) in 2019.

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


	Year ended December 31
		2021		2020		2019
Cash and cash equivalents		$	5,640	$	5,596	$	5,686
Restricted cash included in “Prepaid expenses and other current assets”		333		365		452
Restricted cash included in “Deferred charges and other assets”		822		776		773
Total cash, cash equivalents and restricted cash		$	6,795	$	6,737	$	6,911