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

6 Months Ended

Jun. 30, 2024

Supplemental Cash Flow Elements [Abstract]

Schedule of Information Relating to Consolidated Statement of Cash Flows

	Six Months Ended June 30
	2024		2023
	(Millions of dollars)
Distributions more (less) than income from equity affiliates included the following:
Distributions from equity affiliates	$	2,019	$	1,476
(Income) loss from equity affiliates	(2,647)		(2,828)
Distributions more (less) than income from equity affiliates	$	(628)	$	(1,352)
Net decrease (increase) in operating working capital was composed of the following:
Decrease (increase) in accounts and notes receivable	$	(928)	$	1,205
Decrease (increase) in inventories	(1,865)		(951)
Decrease (increase) in prepaid expenses and other current assets	44		(1,406)
Increase (decrease) in accounts payable and accrued liabilities	419		(531)
Increase (decrease) in income and other taxes payable	(1,245)		(3,265)
Net decrease (increase) in operating working capital	$	(3,575)	$	(4,948)
Net cash provided by operating activities included the following cash payments:
Interest on debt (net of capitalized interest)	$	238	$	232
Income taxes	4,738		6,616
Proceeds and deposits related to asset sales and returns of investment consisted of the following gross amounts:
Proceeds and deposits related to asset sales	$	103	$	171
Returns of investment from equity affiliates	115		153
Proceeds and deposits related to asset sales and returns of investment	$	218	$	324
Net sales (purchases) of marketable securities consisted of the following gross amounts:
Marketable securities purchased	$	—	$	(287)
Marketable securities sold	45		196
Net sales (purchases) of marketable securities	$	45	$	(91)
Net repayment (borrowing) of loans by equity affiliates consisted of the following gross amounts:
Borrowing of loans by equity affiliates	$	(154)	$	(222)
Repayment of loans by equity affiliates	36		33
Net repayment (borrowing) of loans by equity affiliates	$	(118)	$	(189)
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	3,119		(104)
Net borrowings (repayments) of short-term obligations	$	3,119	$	(104)
Net contributions from (distributions to) noncontrolling interests consisted of the following gross amounts:
Distributions to noncontrolling interests	$	(7)	$	(9)
Contributions from noncontrolling interests	9		6
Net contributions from (distributions to) noncontrolling interests	$	2	$	(3)
Net sales (purchases) of treasury shares consisted of the following gross and net amounts:
Shares issued for share-based compensation plans	$	158	$	181
Shares purchased under share repurchase and deferred compensation plans	(5,979)		(8,128)
Net sales (purchases) of treasury shares	$	(5,821)	$	(7,947)

Capital Expenditures

The components of “Capital expenditures” are presented in the following table:

	Six Months Ended June 30
	2024		2023
	(Millions of dollars)
Additions to properties, plant and equipment	$	7,678	$	6,571
Additions to investments	265		166
Current-year dry hole expenditures	112		58
Payments for other assets and liabilities, net	—		—
Capital expenditures	$	8,055	$	6,795

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
	2024		2023		2023		2022
	(Millions of dollars)				(Millions of dollars)
Cash and cash equivalents	$	4,008	$	9,292	$	8,178	$	17,678
Restricted cash included in “Prepaid expenses and other current assets”	145		234		275		630
Restricted cash included in “Deferred charges and other assets”	812		874		822		813
Total cash, cash equivalents and restricted cash	$	4,965	$	10,400	$	9,275	$	19,121

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
	2024		2023		2023		2022
	(Millions of dollars)				(Millions of dollars)
Cash and cash equivalents	$	4,008	$	9,292	$	8,178	$	17,678
Restricted cash included in “Prepaid expenses and other current assets”	145		234		275		630
Restricted cash included in “Deferred charges and other assets”	812		874		822		813
Total cash, cash equivalents and restricted cash	$	4,965	$	10,400	$	9,275	$	19,121