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| Three Months Ended
March 31 |
| 2026 | | 2025 |
| (Millions of dollars) |
| Distributions more (less) than income from equity affiliates included the following: |
| Distributions from equity affiliates | $ | 345 | | | $ | 1,088 | |
| (Income) loss from equity affiliates | (745) | | | (820) | |
| Distributions more (less) than income from equity affiliates | $ | (400) | | | $ | 268 | |
| Net decrease (increase) in operating working capital was composed of the following: |
| Decrease (increase) in accounts and notes receivable | $ | (7,199) | | | $ | 1,137 | |
| Decrease (increase) in inventories | (843) | | | (201) | |
| Decrease (increase) in prepaid expenses and other current assets | (488) | | | (769) | |
| Increase (decrease) in accounts payable and accrued liabilities | 3,460 | | | (1,307) | |
| Increase (decrease) in income and other taxes payable | 445 | | | (1,268) | |
| Net decrease (increase) in operating working capital | $ | (4,625) | | | $ | (2,408) | |
| Net cash provided by operating activities included the following cash payments: |
| Interest on debt (net of capitalized interest) | $ | 292 | | | $ | 124 | |
| Income taxes | 1,512 | | | 2,552 | |
| Proceeds and deposits related to asset sales and returns of investment consisted of the following gross amounts: |
| Proceeds and deposits related to asset sales | $ | 29 | | | $ | 593 | |
| Returns of investment from equity affiliates | 43 | | | 7 | |
| Proceeds and deposits related to asset sales and returns of investment | $ | 72 | | | $ | 600 | |
Net maturities of (investments in) time deposits consisted of the following gross amounts: |
| Investments in time deposits | $ | (4) | | | $ | (4) | |
| Maturities of time deposits | 4 | | | 4 | |
| Net maturities of (investments in) time deposits | $ | — | | | $ | — | |
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Net repayment (borrowing) of loans by equity affiliates consisted of the following gross amounts: |
| Borrowing of loans by equity affiliates | $ | (41) | | | $ | (87) | |
| Repayment of loans by equity affiliates | 1,020 | | | 21 | |
| Net repayment (borrowing) of loans by equity affiliates | $ | 979 | | | $ | (66) | |
Net borrowings (repayments) of short-term obligations consisted of the following gross and net amounts: |
| Proceeds from issuances of short-term debt obligations | $ | 4,081 | | | $ | 2,317 | |
| Repayments of short-term debt obligations | (856) | | | (1,933) | |
| Net borrowings (repayments) of short-term debt obligations with three months or less maturity | 2,192 | | | (784) | |
| Net borrowings (repayments) of short-term obligations | $ | 5,417 | | | $ | (400) | |
Net contributions from (distributions to) noncontrolling interests consisted of the following gross amounts: |
| Distributions to noncontrolling interests | $ | (154) | | | $ | (15) | |
| Contributions from noncontrolling interests | 2 | | | 4 | |
| Net contributions from (distributions to) noncontrolling interests | $ | (152) | | | $ | (11) | |
| Net sales (purchases) of treasury shares consisted of the following gross and net amounts: |
| Shares issued for share-based compensation plans | $ | 1,160 | | | $ | 218 | |
| Shares purchased under share repurchase and executive compensation plans | (2,572) | | | (3,917) | |
| Share repurchase excise tax payment | — | | | — | |
| Net sales (purchases) of treasury shares | $ | (1,412) | | | $ | (3,699) | |