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v3.23.1

Information Relating to the Consolidated Statement of Cash Flows (Tables) | 3 Months Ended
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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 |

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