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CONSOLIDATED STATEMENT OF INCOME - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
CONSOLIDATED STATEMENT OF INCOME [Abstract]      
Revenues $ 78,555 $ 60,971 $ 45,688
Net income/(loss) from equity accounted investments 291 188 (119)
Other Income 746 27 304
Total revenues and other income 79,593 61,187 45,873
Purchases (net of inventory variation) (38,516) (28,212) (21,505)
Operating expenses (9,528) (8,763) (9,025)
Selling, general and administrative expenses (758) (738) (762)
Depreciation, amortisation and net impairment losses (9,249) (8,644) [1] (11,550) [1]
Exploration expenses (1,405) (1,059) (2,952)
Net operating income/(loss) 20,137 13,771 80
Net financial items (1,263) (351) (258)
Income/(loss) before tax 18,874 13,420 [1] (178) [1]
Income tax (11,335) (8,822) (2,724)
Net income/(loss) 7,538 4,598 (2,902)
Attributable to equity holders of the company 7,535 4,590 (2,922)
Attributable to non-controlling interests $ 3 $ 8 $ 20
Basic earnings per share (in USD) $ 2.27 $ 1.4 $ (0.91)
Diluted earnings per share (in USD) $ 2.27 $ 1.4 $ (0.91)
Weighted average number of ordinary shares outstanding (in millions) 3,326 3,268 3,195
Weighted average number of ordinary shares outstanding, diluted (in millions) 3,335 3,288 3,207
[1]

* Related to a change in accounting policies, see note 2 7 Changes in accounting policies for more information.