Information Relating to the Consolidated Statement of Cash Flows (Tables)

6 Months Ended

Jun. 30, 2016

Supplemental Cash Flow Elements [Abstract]

Net (increase) decrease in operating working capital

The “Net increase in operating working capital” was composed of the following operating changes:

	Six Months Ended June 30
	2016			2015
	(Millions of dollars)
(Increase) decrease in accounts and notes receivable	$	(858	)	$	296
Increase in inventories	(219		)	(611		)
Decrease in prepaid expenses and other current assets	23			775
Decrease in accounts payable and accrued liabilities	(699		)	(1,894		)
Decrease in income and other taxes payable	(338		)	(591		)
Net increase in operating working capital	$	(2,091	)	$	(2,025	)

Cash payment for interest on debt and for income taxes

“Net Cash Provided by Operating Activities” included the following cash payments for interest on debt and for income taxes:

	Six Months Ended June 30
	2016		2015
	(Millions of dollars)
Interest on debt (net of capitalized interest)	$	50	$	—
Income taxes	1,297		3,404

Net (purchases) sales of time deposits

The “Net maturities of time deposits” consisted of the following gross amounts:

	Six Months Ended June 30
	2016		2015
	(Millions of dollars)
Maturities of time deposits	—		8
Net maturities of time deposits	$	—	$	8

Net sales of marketable securities

The “Net sales of marketable securities” consisted of the following gross amounts:

	Six Months Ended June 30
	2016			2015
	(Millions of dollars)
Marketable securities purchased	$	(9	)	$	—
Marketable securities sold	11			64
Net sales of marketable securities	$	2		$	64

Schedule of net borrowing of loans by equity affiliates

The “Net borrowing of loans by equity affiliates” consisted of the following gross amounts:

	Six Months Ended June 30
	2016			2015
	(Millions of dollars)
Borrowing of loans by equity affiliates	$	(171	)	$	(96	)
Repayment of loans by equity affiliates	13			—
Net borrowing of loans by equity affiliates	$	(158	)	$	(96	)

Schedule of other short term investments

The “Net sales of other short-term investments” consisted of the following gross amounts:

	Six Months Ended June 30
	2016			2015
	(Millions of dollars)
Purchases of other short-term investments	$	(3	)	$	(46	)
Sales of other short-term investments	158			117
Net sales of other short-term investments	$	155		$	71

Schedule of short-term debt

The “Net borrowings (repayments) of short-term obligations" consisted of the following gross and net amounts:

	Six Months Ended June 30
	2016			2015
	(Millions of dollars)
Repayments of short-term obligations	$	(5,175	)	$	(8,116	)
Proceeds from issuances of short-term obligations	8,494			5,468
Net borrowings of short-term obligations with three months or less maturity	(2,960		)	728
Net borrowings (repayments) of short-term obligations	$	359		$	(1,920	)

Capital expenditures

The major components of “Capital expenditures” and the reconciliation of this amount to the capital and exploratory expenditures, including equity affiliates, are as follows:

	Six Months Ended June 30
	2016		2015
	(Millions of dollars)
Additions to properties, plant and equipment	$	9,796	$	14,599
Additions to investments	27		275
Current year dry hole expenditures	211		371
Payments for other liabilities and assets, net	1		—
Capital expenditures	10,035		15,245
Expensed exploration expenditures	250		507
Assets acquired through capital lease obligations	4		29
Capital and exploratory expenditures, excluding equity affiliates	10,289		15,781
Company’s share of expenditures by equity affiliates	1,703		1,526
Capital and exploratory expenditures, including equity affiliates	$	11,992	$	17,307