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Information Relating to the Consolidated Statement of Cash Flows (Tables) | 3 Months Ended
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Mar. 31, 2022
Supplemental Cash Flow Elements [Abstract] |
Schedule of Information Relating to Consolidated Statement of Cash Flows |
| Three Months Ended March 31
| 2022 |  | 2021
| (Millions of dollars)
Distributions more (less) than income from equity affiliates includes the following: |  |
Distributions from equity affiliates | $ | 644 |  |  | $ | 420 |
(Income) loss from equity affiliates | (2,085) |  |  | (911) |
Distributions more (less) than income from equity affiliates | $ | (1,441) |  |  | $ | (491) |
Net decrease (increase) in operating working capital was composed of the following:
Decrease (increase) in accounts and notes receivable | $ | (5,289) |  |  | $ | (2,827) |
Decrease (increase) in inventories | (222) |  |  | 51 |
Decrease (increase) in prepaid expenses and other current assets | 137 |  |  | (102) |
Increase (decrease) in accounts payable and accrued liabilities | 3,768 |  |  | 1,599 |
Increase (decrease) in income and other taxes payable | 669 |  |  | 377 |
Net decrease (increase) in operating working capital | $ | (937) |  |  | $ | (902) |
Net cash provided by operating activities includes the following cash payments:
Interest on debt (net of capitalized interest) | $ | 47 |  |  | $ | 70 |
Income taxes | 1,071 |  |  | 629 |
Proceeds and deposits related to asset sales and returns of investment consisted of the following gross amounts: |  |  |
Proceeds and deposits related to asset sales | $ | 747 |  |  | $ | 147 |
Returns of investment from equity affiliates | 536 |  |  | 11 |
Proceeds and deposits related to asset sales and returns of investment | $ | 1,283 |  |  | $ | 158 |
Net sales (purchases) of marketable securities consisted of the following gross amounts:
Marketable securities purchased | $ | (2) |  |  | $ | (1) |
Marketable securities sold | 2 |  |  | 1 |
Net sales (purchases) of marketable securities | $ | — |  |  | $ | — |
Net repayment (borrowing) of loans by equity affiliates consisted of the following gross amounts: |  |  |
Borrowing of loans by equity affiliates | $ | — |  |  | $ | — |
Repayment of loans by equity affiliates | 12 |  |  | 25 |
Net repayment (borrowing) of loans by equity affiliates | $ | 12 |  |  | $ | 25 |
Net borrowings (repayments) of short-term obligations consisted of the following gross and net amounts: |  |  |
Proceeds from issuances of short-term obligations | $ | — |  |  | $ | 2,872 |
Repayments of short-term obligations | — |  |  | (1,792) |
Net borrowings (repayments) of short-term obligations with three months or less maturity | 61 |  |  | 157 |
Net borrowings (repayments) of short-term obligations | $ | 61 |  |  | $ | 1,237 |
Net sales (purchases) of treasury shares consists of the following gross and net amounts: |  |  |
Shares issued for share-based compensation plans | $ | 4,641 |  |  | $ | 273 |
Shares purchased under share repurchase and deferred compensation plans | (1,255) |  |  | (6) |
Net sales (purchases) of treasury shares | $ | 3,386 |  |  | $ | 267 |
Net contributions from (distributions to) noncontrolling interests consisted of the following gross amounts: |  |  |
Distributions to noncontrolling interests | $ | (5) |  |  | $ | (11) |
Contributions from noncontrolling interests | — |  |  | — |
Net contributions from (distributions to) noncontrolling interests | $ | (5) |  |  | $ | (11) |
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
| 2022 |  | 2021 |  | 2021 |  | 2020
| (Millions of dollars)
Cash and cash equivalents | $ | 11,671 |  |  | $ | 7,076 |  |  | $ | 5,640 |  |  | $ | 5,596 |
Restricted cash included in “Prepaid expenses and other current assets” | 317 |  |  | 412 |  |  | 333 |  |  | 365 |
Restricted cash included in “Deferred charges and other assets” | 818 |  |  | 776 |  |  | 822 |  |  | 776 |
Total cash, cash equivalents and restricted cash | $ | 12,806 |  |  | $ | 8,264 |  |  | $ | 6,795 |  |  | $ | 6,737 |
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:
| Three Months Ended March 31
| 2022 |  | 2021
| (Millions of dollars)
Additions to properties, plant and equipment | $ | 1,732 |  |  | $ | 1,631 |
Additions to investments | 158 |  |  | 109 |
Current-year dry hole expenditures | 70 |  |  | 4 |
Payments for other assets and liabilities, net | — |  |  | 2 |
Capital expenditures | 1,960 |  |  | 1,746 |
Expensed exploration expenditures | 74 |  |  | 82 |
Assets acquired through finance lease obligations and other financing obligations | (2) |  |  | — |
Payments for other assets and liabilities, net | — |  |  | (2) |
Capital and exploratory expenditures, excluding equity affiliates | 2,032 |  |  | 1,826 |
Company’s share of expenditures by equity affiliates | 725 |  |  | 678 |
Capital and exploratory expenditures, including equity affiliates | $ | 2,757 |  |  | $ | 2,504 |

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