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Group cash flow statement - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Operating activities      
Profit (loss) before taxation $ 15,227 $ (24,888) $ 8,154
Adjustments to reconcile profit before taxation to net cash provided by operating activities      
Exploration expenditure written off 167 9,920 631
Depreciation, depletion and amortization 14,805 14,889 17,780
Impairment and (gain) loss on sale of businesses and fixed assets (2,997) 11,507 7,882
Earnings from joint ventures and associates (3,999) 403 (3,257)
Dividends received from joint ventures and associates 1,842 1,442 1,962
Interest receivable (235) (258) (441)
Interest received 320 74 416
Finance costs 2,857 3,115 3,489
Interest paid (2,474) (2,728) (2,870)
Net finance expense relating to pensions and other post-retirement benefits (2) 33 63
Share-based payments 627 723 730
Net operating charge for pensions and other post-retirement benefits, less contributions and benefit payments for unfunded plans (655) (282) (238)
Net charge for provisions, less payments 2,934 735 (176)
(Increase) decrease in inventories (7,458) 3,963 (3,406)
(Increase) decrease in other current and non-current assets (13,263) 4,230 (2,335)
Increase (decrease) in other current and non-current liabilities 20,095 (8,278) 2,823
Income taxes paid (4,179) (2,438) (5,437)
Cash flows from (used in) operating activities 23,612 12,162 25,770
Investing activities      
Expenditure on property, plant and equipment, intangible and other assets (10,887) (12,306) (15,418)
Acquisitions, net of cash acquired (186) (44) (3,562)
Investment in joint ventures (1,440) (567) (137)
Investment in associates (335) (1,138) (304)
Total cash capital expenditure (12,848) (14,055) (19,421)
Proceeds from disposals of fixed assets 1,145 491 500
Proceeds from disposals of businesses, net of cash disposed 5,812 4,989 1,701
Proceeds from loan repayments 197 717 246
Net cash used in investing activities (5,694) (7,858) (16,974)
Financing activities      
Repurchase of shares (3,151) (776) (1,511)
Payments of lease liabilities, classified as financing activities (2,082) (2,442) (2,372)
Proceeds from long-term financing 6,987 14,736 8,597
Repayments of long-term financing (16,804) (12,179) (7,118)
Net increase (decrease) in short-term debt 1,077 (1,234) 180
Proceeds from issuing other equity instruments 924 11,861 0
Payments of other equity instruments (538) (89) 0
Payments from changes in ownership interests in subsidiaries that do not result in loss of control (560) (8) 0
Receipts relating to transactions involving non-controlling interests (other) 683 665 566
Dividends paid      
bp shareholders (4,304) (6,340) (6,946)
Non-controlling interests (311) (238) (213)
Net cash provided by (used in) financing activities (18,079) 3,956 (8,817)
Currency translation differences relating to cash and cash equivalents (269) 379 25
Increase (decrease) in cash and cash equivalents (430) 8,639 4
Cash and cash equivalents at beginning of year 31,111 22,472  
Cash and cash equivalents at end of year $ 30,681 $ 31,111 $ 22,472