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Income Statement - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
[1]
Profit or loss [abstract]      
Revenue from product sales $ 4,501 $ 4,029 $ 4,595
Cost of sales (3,362) (2,857) (2,829)
(Loss) gain on non-hedge derivatives and other commodity contracts (6) 0 (19)
Gross profit 1,133 1,172 1,747
Corporate administration, marketing and related expenses (79) (73) (68)
Exploration and evaluation costs (205) (164) (124)
Impairment, derecognition of assets and profit (loss) on disposal (304) 11 (1)
Other (expenses) income (26) (136) (57)
Operating profit 519 810 1,497
Interest income 81 58 27
Dividend received 0 0 2
Foreign exchange and fair value adjustments (128) (43) 0
Finance costs, unwinding of obligations and cash repatriation fee (149) (116) (177)
Share of associates and joint ventures’ profit 166 249 278
Loss before taxation 489 958 1,627
Taxation (173) (312) (625)
Profit after taxation from continuing operations 316 646 1,002
Discontinued operations      
Profit (loss) from discontinued operations 0 0 7
Profit (loss) for the year 316 646 1,009 [2]
Equity shareholders      
- Continuing operations 297 622 984
- Discontinued operations 0 0 7
Non-controlling interests      
- Continuing operations $ 19 $ 24 $ 18
Basic earnings (loss) per ordinary share      
Basic earnings (loss) per ordinary share (USD per share) $ 0.71 $ 1.48 $ 2.36
Earnings per ordinary share from continuing operations (USD per share) 0.71 1.48 2.34
Earnings (loss) per ordinary share from discontinued operations (USD per share) 0 0 0.02
Diluted earnings (loss) per ordinary share      
Diluted earnings (loss) per ordinary share (USD per share) 0.71 1.48 2.36
Earnings per ordinary share from continuing operations (USD per share) 0.71 1.48 2.34
Earnings (loss) per ordinary share from discontinued operations (USD per share) $ 0 $ 0 $ 0.02
[1] Comparative periods have been retrospectively restated, where indicated, due to the initial application of the amendment to IAS 16 "Property, Plant and Equipment - Proceeds before Intended Use" on 1 January 2022. Refer to note 1.
[2] The (Accumulated losses) Retained earnings balances have been restated, where indicated, due to the initial application of the amendment to IAS 16 “Property, Plant and Equipment - Proceeds before Intended Use” on 1 January 2022. Refer to note 1.