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| Six Months Ended
June 30 |
| 2026 | | 2025 |
| (Millions of dollars) |
| Distributions more (less) than income from equity affiliates included the following: |
| Distributions from equity affiliates | $ | 3,344 | | | $ | 2,532 | |
| (Income) loss from equity affiliates | (2,870) | | | (1,356) | |
| Distributions more (less) than income from equity affiliates | $ | 474 | | | $ | 1,176 | |
| Net decrease (increase) in operating working capital was composed of the following: |
| Decrease (increase) in accounts and notes receivable | $ | (6,569) | | | $ | 3,089 | |
| Decrease (increase) in inventories | (804) | | | 153 | |
| Decrease (increase) in prepaid expenses and other current assets | (878) | | | 214 | |
| Increase (decrease) in accounts payable and accrued liabilities | 5,249 | | | (3,962) | |
| Increase (decrease) in income and other taxes payable | 1,322 | | | (1,624) | |
| Net decrease (increase) in operating working capital | $ | (1,680) | | | $ | (2,130) | |
| Net cash provided by operating activities included the following cash payments: |
| Interest on debt (net of capitalized interest) | $ | 739 | | | $ | 410 | |
| Income taxes | 4,539 | | | 4,136 | |
| Proceeds and deposits related to asset sales and returns of investment consisted of the following gross amounts: |
| Proceeds and deposits related to asset sales | $ | 305 | | | $ | 932 | |
| Returns of investment from equity affiliates | 50 | | | 58 | |
| Proceeds and deposits related to asset sales and returns of investment | $ | 355 | | | $ | 990 | |
Net maturities of (investments in) time deposits consisted of the following gross amounts: |
| Investments in time deposits | $ | (7) | | | $ | (9) | |
| Maturities of time deposits | 8 | | | 9 | |
| Net maturities of (investments in) time deposits | $ | 1 | | | $ | — | |
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Net repayment (borrowing) of loans by equity affiliates consisted of the following gross amounts: |
| Borrowing of loans by equity affiliates | $ | (65) | | | $ | (216) | |
| Repayment of loans by equity affiliates | 1,044 | | | 40 | |
| Net repayment (borrowing) of loans by equity affiliates | $ | 979 | | | $ | (176) | |
Net borrowings (repayments) of short-term obligations consisted of the following gross and net amounts: |
| Proceeds from issuances of short-term debt obligations | $ | 4,882 | | | $ | 6,779 | |
| Repayments of short-term debt obligations | (2,911) | | | (3,957) | |
| Net borrowings (repayments) of short-term debt obligations with three months or less maturity | (2,765) | | | (931) | |
| Net borrowings (repayments) of short-term obligations | $ | (794) | | | $ | 1,891 | |
Net contributions from (distributions to) noncontrolling interests consisted of the following gross amounts: |
| Distributions to noncontrolling interests | $ | (277) | | | $ | (34) | |
| Contributions from noncontrolling interests | 8 | | | 4 | |
| Net contributions from (distributions to) noncontrolling interests | $ | (269) | | | $ | (30) | |
| Net sales (purchases) of treasury shares consisted of the following gross and net amounts: |
| Shares issued for share-based compensation plans | $ | 1,209 | | | $ | 229 | |
| Shares purchased under share repurchase and executive compensation plans | (5,575) | | | (6,515) | |
| Share repurchase excise tax payment | (114) | | | (146) | |
| Net sales (purchases) of treasury shares | $ | (4,480) | | | $ | (6,432) | |