Cash Flow Information	3 Months Ended
Mar. 31, 2021
Cash Flow Information [Abstract]
Cash Flow Information	Note 13—Cash Flow Information Millions of Dollars Three Months Ended March 31 2021 2020 Cash Payments Interest $ 233 200 Income taxes 53 465 Net Sales (Purchases) of Investments Short-term investments purchased $ (3,432) (3,423) Short-term investments sold 2,966 2,606 Investments and Long-term receivables purchased (60) (143) Investments and Long-term receivables sold 27 25 $ (499) (935) We assumed various financial derivative instruments in the Concho acquisition. In the first quarter of 2021, we settled all financial derivative contracts assumed in the Concho acquisition, including accelerating settlement of contracts with settlement dates after March 31, 2021. Cash settlements related to financial derivatives of $ 692 million are presented within “Cash Flows From Operating Activities” on our consolidated cash flow statement. See Note 10—Derivative and Financial Instruments, for additional information. For the first quarter of 2021, included within “Cash Flows From Investing Activities” is $ 382 million of cash received through the addition of cash balances acquired from Concho. We had additional non-cash increases in assets and liabilities associated with the acquisition of Concho as consideration for the transaction was entirely in ConocoPhillips common stock. See Note 3—Acquisitions and Dispositions for additional information on the acquisition.

Note 13—Cash Flow Information

Millions of Dollars

Three Months Ended

March 31

2021

2020

Cash Payments

Interest

233

200

Income taxes

465

Net Sales (Purchases) of Investments

Short-term investments purchased

(3,432)

(3,423)

Short-term investments sold

2,966

2,606

Investments and Long-term receivables purchased

(60)

(143)

Investments and Long-term receivables sold

(499)

(935)

We assumed various financial derivative instruments in the Concho acquisition.

In the first quarter of 2021,

we settled all financial derivative contracts

assumed in the Concho acquisition, including

accelerating

settlement of contracts with settlement

dates after March 31, 2021.

Cash settlements related to financial

derivatives of $

692

million are presented within “Cash Flows From

Operating Activities” on our consolidated

cash flow statement.

See Note 10—Derivative and Financial Instruments,

for additional information.

For the first quarter of 2021, included within

“Cash Flows From Investing Activities”

is $

382

million of cash

received through the addition of cash balances acquired

from Concho.

We had additional non-cash increases

in assets and liabilities associated with the acquisition

of Concho as consideration for the transaction

was

entirely in ConocoPhillips common stock.

See Note 3—Acquisitions and Dispositions

for additional

information on the acquisition.