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Information Relating to the Consolidated Statement of Cash Flows (Tables) | 6 Months Ended
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Jun. 30, 2022
Supplemental Cash Flow Elements [Abstract] |
Schedule of Information Relating to Consolidated Statement of Cash Flows |
| Six Months Ended June 30
| 2022 |  | 2021
| (Millions of dollars)
Distributions more (less) than income from equity affiliates includes the following: |  |
Distributions from equity affiliates | $ | 1,386 |  |  | $ | 936 |
(Income) loss from equity affiliates | (4,552) |  |  | (2,353) |
Distributions more (less) than income from equity affiliates | $ | (3,166) |  |  | $ | (1,417) |
Net decrease (increase) in operating working capital was composed of the following:
Decrease (increase) in accounts and notes receivable | $ | (8,625) |  |  | $ | (4,725) |
Decrease (increase) in inventories | (789) |  |  | (471) |
Decrease (increase) in prepaid expenses and other current assets | (479) |  |  | (1) |
Increase (decrease) in accounts payable and accrued liabilities | 8,219 |  |  | 3,751 |
Increase (decrease) in income and other taxes payable | 1,269 |  |  | 414 |
Net decrease (increase) in operating working capital | $ | (405) |  |  | $ | (1,032) |
Net cash provided by operating activities includes the following cash payments:
Interest on debt (net of capitalized interest) | $ | 262 |  |  | $ | 355 |
Income taxes | 4,414 |  |  | 1,939 |
Proceeds and deposits related to asset sales and returns of investment consisted of the following gross amounts: |  |  |
Proceeds and deposits related to asset sales | $ | 1,263 |  |  | $ | 352 |
Returns of investment from equity affiliates | 1,086 |  |  | 17 |
Proceeds and deposits related to asset sales and returns of investment | $ | 2,349 |  |  | $ | 369 |
Net sales (purchases) of marketable securities consisted of the following gross amounts:
Marketable securities purchased | $ | (7) |  |  | $ | (3) |
Marketable securities sold | 6 |  |  | 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 | $ | (20) |  |  | $ | — |
Repayment of loans by equity affiliates | 49 |  |  | 39 |
Net repayment (borrowing) of loans by equity affiliates | $ | 29 |  |  | $ | 39 |
Net borrowings (repayments) of short-term obligations consisted of the following gross and net amounts: |  |  |
Proceeds from issuances of short-term obligations | $ | — |  |  | $ | 4,449 |
Repayments of short-term obligations | — |  |  | (3,910) |
Net borrowings (repayments) of short-term obligations with three months or less maturity | 36 |  |  | 1,409 |
Net borrowings (repayments) of short-term obligations | $ | 36 |  |  | $ | 1,948 |
Net sales (purchases) of treasury shares consists of the following gross and net amounts: |  |  |
Shares issued for share-based compensation plans | $ | 5,452 |  |  | $ | 381 |
Shares purchased under share repurchase and deferred compensation plans | (3,755) |  |  | (8) |
Net sales (purchases) of treasury shares | $ | 1,697 |  |  | $ | 373 |
Net contributions from (distributions to) noncontrolling interests consisted of the following gross amounts: |  |  |
Distributions to noncontrolling interests | $ | (36) |  |  | $ | (26) |
Contributions from noncontrolling interests | — |  |  | — |
Net contributions from (distributions to) noncontrolling interests | $ | (36) |  |  | $ | (26) |
Capital Expenditures | The components of “Capital expenditures” are presented in the following table:
| Six Months Ended June 30
| 2022 |  | 2021
| (Millions of dollars)
Additions to properties, plant and equipment | $ | 4,028 |  |  | $ | 3,354 |
Additions to investments | 831 |  |  | 168 |
Current-year dry hole expenditures | 116 |  |  | 19 |
Payments for other assets and liabilities, net | 169 |  |  | 2 |
Capital expenditures | $ | 5,144 |  |  | $ | 3,543 |
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 June 30 |  | At December 31
| 2022 |  | 2021 |  | 2021 |  | 2020
| (Millions of dollars)
Cash and cash equivalents | $ | 12,029 |  |  | $ | 7,527 |  |  | $ | 5,640 |  |  | $ | 5,596 |
Restricted cash included in “Prepaid expenses and other current assets” | 524 |  |  | 378 |  |  | 333 |  |  | 365 |
Restricted cash included in “Deferred charges and other assets” | 803 |  |  | 783 |  |  | 822 |  |  | 776 |
Total cash, cash equivalents and restricted cash | $ | 13,356 |  |  | $ | 8,688 |  |  | $ | 6,795 |  |  | $ | 6,737 |
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 June 30 |  | At December 31
| 2022 |  | 2021 |  | 2021 |  | 2020
| (Millions of dollars)
Cash and cash equivalents | $ | 12,029 |  |  | $ | 7,527 |  |  | $ | 5,640 |  |  | $ | 5,596 |
Restricted cash included in “Prepaid expenses and other current assets” | 524 |  |  | 378 |  |  | 333 |  |  | 365 |
Restricted cash included in “Deferred charges and other assets” | 803 |  |  | 783 |  |  | 822 |  |  | 776 |
Total cash, cash equivalents and restricted cash | $ | 13,356 |  |  | $ | 8,688 |  |  | $ | 6,795 |  |  | $ | 6,737 |

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