| Information Relating to the Consolidated Statement of Cash Flows |
Information Relating to the Consolidated Statement of Cash Flows | | | | | | | | | | | | | | | | | | | | | | Year ended December 31 | | 2025 | | | 2024 | | 2023 | | Distributions more (less) than income from equity affiliates includes the following: | | | | | | | | Distributions from equity affiliates | $ | 5,282 | | | | $ | 4,230 | | | $ | 4,246 | | | (Income) loss from equity affiliates | (3,000) | | | | (4,596) | | | (5,131) | | | Distributions more (less) than income from equity affiliates | $ | 2,282 | | | | $ | (366) | | | $ | (885) | | Net decrease (increase) in operating working capital was composed of the following: | | | | | | | | Decrease (increase) in accounts and notes receivable | $ | 3,829 | | | | $ | (932) | | | $ | 1,187 | | | Decrease (increase) in inventories | 51 | | | | (574) | | | (320) | | | Decrease (increase) in prepaid expenses and other current assets | (109) | | | | (16) | | | (1,202) | | | Increase (decrease) in accounts payable and accrued liabilities | (3,469) | | | | 2,569 | | | (49) | | | Increase (decrease) in income and other taxes payable | (1,310) | | | | 164 | | | (2,801) | | | Net decrease (increase) in operating working capital | $ | (1,008) | | | | $ | 1,211 | | | $ | (3,185) | | Net cash provided by operating activities includes the following cash payments: | | | | | | | | Interest on debt (net of capitalized interest) | $ | 942 | | | | $ | 587 | | | $ | 465 | | | Income taxes | 7,304 | | | | 8,458 | | | 10,416 | | | Proceeds and deposits related to asset sales and returns of investment consisted of the following gross amounts: | | | | | | | | Proceeds and deposits related to asset sales | $ | 1,677 | | | | $ | 7,509 | | | $ | 446 | | | Returns of investment from equity affiliates | 149 | | | | 195 | | | 223 | | | Proceeds and deposits related to asset sales and returns of investment | $ | 1,826 | | | | $ | 7,704 | | | $ | 669 | | Net maturities (investments) of time deposits consisted of the following gross amounts: | | | | | | | | Investments in time deposits | $ | (16) | | | | $ | (6) | | | $ | — | | | Maturities of time deposits | 17 | | | | 2 | | | — | | | Net maturities of (investments in) time deposits | $ | 1 | | | | $ | (4) | | | $ | — | | Net sales (purchases) of marketable securities consisted of the following gross amounts: | | | | | | | | Marketable securities purchased | $ | — | | | | $ | — | | | $ | (289) | | | Marketable securities sold | — | | | | 45 | | | 464 | | | Net sales (purchases) of marketable securities | $ | — | | | | $ | 45 | | | $ | 175 | | Net repayment (borrowing) of loans by equity affiliates: | | | | | | | | Borrowing of loans by equity affiliates | $ | (300) | | | | $ | (304) | | | $ | (368) | | | Repayment of loans by equity affiliates | 1,078 | | | | 71 | | | 66 | | | Net repayment (borrowing) of loans by equity affiliates | $ | 778 | | | | $ | (233) | | | $ | (302) | | | Net borrowings (repayments) of short-term obligations consisted of the following gross and net amounts: | | | | | | | | Repayments of short-term obligations | $ | (9,877) | | | | $ | (840) | | | $ | — | | | Proceeds from issuances of short-term debt obligations | 7,852 | | | | 4,539 | | | — | | | Net borrowings (repayments) of short-term obligations with three months or less maturity | 964 | | | | 1,169 | | | 135 | | | Net borrowings (repayments) of short-term obligations | $ | (1,061) | | | | $ | 4,868 | | | $ | 135 | | Net sales (purchases) of treasury shares consists of the following gross and net amounts: | | | | | | | | Shares issued for share-based compensation plans | $ | 370 | | | | $ | 330 | | | $ | 261 | | | Shares purchased under share repurchase and deferred compensation plans | (12,079) | | | | (15,229) | | | (14,939) | | | Share repurchase excise tax payments | (146) | | | | (145) | | | — | | | Net sales (purchases) of treasury shares | $ | (11,855) | | | | $ | (15,044) | | | $ | (14,678) | | | Net contributions from (distributions to) noncontrolling interests consisted of the following gross and net amounts: | | | | | | | | Distributions to noncontrolling interests | $ | (334) | | | | $ | (210) | | | $ | (54) | | | Contributions from noncontrolling interests | 11 | | | | 15 | | | 14 | | | Net contributions from (distributions to) noncontrolling interests | $ | (323) | | | | $ | (195) | | | $ | (40) | | | | | | | | | | | | | | | |
The “Other” line in the Operating Activities section includes changes in asset retirement obligations, decommissioning obligations associated with previously divested assets, post-employment benefit obligations, equity-based compensation adjustments, and other long-term liabilities. Refer also to Note 25 Asset Retirement Obligations for a discussion of the company’s AROs activity, including revisions that did not involve cash receipts or payments. The Consolidated Statement of Cash Flows excludes changes to the Consolidated Balance Sheet that did not affect cash. Refer also to Note 29 - Acquisition of Hess Corporation for a discussion of the acquisition of Hess. Cash received in connection with the acquisition is reflected in the Consolidated Statement of Cash Flows as “Acquisition of businesses, net of cash received.” Acquisition‑related changes to the Consolidated Balance Sheet that did not result in cash inflows or outflows are excluded from the Consolidated Statement of Cash Flows. The components of “Capital expenditures” are presented in the following table: | | | | | | | | | | | | | | | | | | | | | | Year ended December 31 | | 2025 | | | 2024 | | 2023 | Additions to properties, plant and equipment* | $ | 16,830 | | | | $ | 15,544 | | | $ | 14,788 | | | Additions to investments | 225 | | | | 573 | | | 690 | | | Current-year dry hole expenditures | 292 | | | | 331 | | | 326 | | Payments for other assets and liabilities, net | — | | | | — | | | 25 | | | Capital expenditures | $ | 17,347 | | | | $ | 16,448 | | | $ | 15,829 | |
* Excludes non-cash movements of $1,235 in 2025, $395 in 2024 and $1,559 in 2023. The table below quantifies the beginning and ending balances of restricted cash and restricted cash equivalents in the Consolidated Balance Sheet: | | | | | | | | | | | | | | | | | | | | | | | | | | Year ended December 31 | | | | | 2025 | | | 2024 | | 2023 | Cash and cash equivalents | | | | $ | 6,293 | | | | $ | 6,781 | | | $ | 8,178 | | Restricted cash included in “Prepaid expenses and other current assets” | | | | 174 | | | | 281 | | | 275 | | Restricted cash included in “Deferred charges and other assets” | | | | 818 | | | | 1,200 | | | 822 | | Total cash, cash equivalents and restricted cash | | | | $ | 7,285 | | | | $ | 8,262 | | | $ | 9,275 | |
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