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Information Relating to the Consolidated Statement of Cash Flows (Tables)
 3 Months Ended
Mar. 31, 2025
Supplemental Cash Flow Elements [Abstract]  
Schedule of Information Relating to Consolidated Statement of Cash Flows
Three Months Ended
March 31
20252024
(Millions of dollars)
Distributions more (less) than income from equity affiliates included the following:
Distributions from equity affiliates$1,088 $736 
(Income) loss from equity affiliates(820)(1,441)
Distributions more (less) than income from equity affiliates$268 $(705)
Net decrease (increase) in operating working capital was composed of the following:
Decrease (increase) in accounts and notes receivable$1,137 $(606)
Decrease (increase) in inventories(201)(1,330)
Decrease (increase) in prepaid expenses and other current assets (769)255 
Increase (decrease) in accounts payable and accrued liabilities (1,307)538 
Increase (decrease) in income and other taxes payable(1,268)(1)
Net decrease (increase) in operating working capital$(2,408)$(1,144)
Net cash provided by operating activities included the following cash payments:
Interest on debt (net of capitalized interest)$124 $56 
Income taxes2,552 1,428 
Proceeds and deposits related to asset sales and returns of investment consisted of the following gross amounts:
Proceeds and deposits related to asset sales$593 $52 
Returns of investment from equity affiliates7 52 
Proceeds and deposits related to asset sales and returns of investment$600 $104 
Net maturities of (investments in) time deposits consisted of the following gross amounts:
Investments in time deposits$(4)$— 
Maturities of time deposits4 — 
Net maturities of (investments in) time deposits$— $— 
Net sales (purchases) of marketable securities consisted of the following gross amounts:
Marketable securities purchased$— $— 
Marketable securities sold— 45 
Net sales (purchases) of marketable securities$— $45 
Net repayment (borrowing) of loans by equity affiliates consisted of the following gross amounts:
Borrowing of loans by equity affiliates$(87)$(46)
Repayment of loans by equity affiliates21 30 
Net repayment (borrowing) of loans by equity affiliates$(66)$(16)
Net borrowings (repayments) of short-term obligations consisted of the following gross and net amounts:
Proceeds from issuances of short-term debt obligations$2,317 $— 
Repayments of short-term debt obligations(1,933)— 
Net borrowings (repayments) of short-term debt obligations with three months or less maturity(784)1,836 
Net borrowings (repayments) of short-term obligations$(400)$1,836 
Net contributions from (distributions to) noncontrolling interests consisted of the following gross amounts:
Distributions to noncontrolling interests$(15)$(3)
Contributions from noncontrolling interests4 7 
Net contributions from (distributions to) noncontrolling interests$(11)$4 
Net sales (purchases) of treasury shares consisted of the following gross and net amounts:
Shares issued for share-based compensation plans$218 $87 
Shares purchased under share repurchase and executive compensation plans (3,917)(2,978)
Net sales (purchases) of treasury shares$(3,699)$(2,891)
Schedule of Capital expenditures
The components of “Capital expenditures” are presented in the following table:
Three Months Ended
March 31
20252024
(Millions of dollars)
Additions to properties, plant and equipment
$3,761 $3,864 
Additions to investments60 199 
Current-year dry hole expenditures106 28 
Payments for other assets and liabilities, net— (2)
Capital expenditures$3,927 $4,089 
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 31At December 31
2025202420242023
(Millions of dollars)(Millions of dollars)
Cash and cash equivalents$4,638 $6,278 $6,781 $8,178 
Restricted cash included in “Prepaid expenses and other current assets”325 127 281 275 
Restricted cash included in “Deferred charges and other assets”1,203 807 1,200 822 
Total cash, cash equivalents and restricted cash$6,166 $7,212 $8,262 $9,275 
Schedule of 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 31At December 31
2025202420242023
(Millions of dollars)(Millions of dollars)
Cash and cash equivalents$4,638 $6,278 $6,781 $8,178 
Restricted cash included in “Prepaid expenses and other current assets”325 127 281 275 
Restricted cash included in “Deferred charges and other assets”1,203 807 1,200 822 
Total cash, cash equivalents and restricted cash$6,166 $7,212 $8,262 $9,275