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Group cash flow statement - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Operating activities      
Profit (loss) before taxation $ 15,405 $ 15,227 $ (24,888)
Adjustments to reconcile profit before taxation to net cash provided by operating activities      
Exploration expenditure written off 385 167 9,920
Depreciation, depletion and amortization 14,318 14,805 14,889
Impairment and (gain) loss on sale of businesses and fixed assets 26,656 (2,997) 11,507
Earnings from joint ventures and associates (2,530) (3,999) 403
Dividends received from joint ventures and associates 1,700 1,842 1,442
Interest receivable (444) (235) (258)
Interest received 414 320 74
Finance costs 2,703 2,857 3,115
Interest paid (2,208) (2,474) (2,728)
Net finance expense relating to pensions and other post-retirement benefits (69) (2) 33
Share-based payments 795 627 723
Net operating charge for pensions and other post-retirement benefits, less contributions and benefit payments for unfunded plans (257) (655) (282)
Net charge for provisions, less payments 440 2,934 735
(Increase) decrease in inventories (5,492) (7,458) 3,963
(Increase) decrease in other current and non-current assets (18,584) (13,263) 4,230
Increase (decrease) in other current and non-current liabilities 17,806 20,095 (8,278)
Income taxes paid (10,106) (4,179) (2,438)
Cash flows from (used in) operating activities 40,932 23,612 12,162
Investing activities      
Expenditure on property, plant and equipment, intangible and other assets (12,069) (10,887) (12,306)
Acquisitions, net of cash acquired (3,530) (186) (44)
Investment in joint ventures (600) (1,440) (567)
Investment in associates (131) (335) (1,138)
Total cash capital expenditure (16,330) (12,848) (14,055)
Proceeds from disposals of fixed assets 709 1,145 491
Proceeds from disposals of businesses, net of cash disposed 1,841 5,812 4,989
Proceeds from loan repayments 67 197 717
Net cash used in investing activities (13,713) (5,694) (7,858)
Financing activities      
Repurchase of shares (9,996) (3,151) (776)
Payments of lease liabilities, classified as financing activities (1,961) (2,082) (2,442)
Proceeds from long-term financing 2,013 6,987 14,736
Repayments of long-term financing (11,697) (16,804) (12,179)
Net increase (decrease) in short-term debt (1,392) 1,077 (1,234)
Proceeds from issuing other equity instruments 370 924 11,861
Payments of other equity instruments (708) (538) (89)
Payments from changes in ownership interests in subsidiaries that do not result in loss of control (9) (560) (8)
Receipts relating to transactions involving non-controlling interests (other) 11 683 665
Dividends paid      
bp shareholders (4,358) (4,304) (6,340)
Non-controlling interests (294) (311) (238)
Net cash provided by (used in) financing activities (28,021) (18,079) 3,956
Currency translation differences relating to cash and cash equivalents (684) (269) 379
Increase (decrease) in cash and cash equivalents (1,486) (430) 8,639
Cash and cash equivalents at beginning of year 30,681 31,111 22,472
Cash and cash equivalents at end of year $ 29,195 $ 30,681 $ 31,111