XML 324 R125.htm IDEA: XBRL DOCUMENT v3.24.0.1
Investments in joint ventures - Summarized financial information relating to the group's share of joint ventures (Details) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Disclosure of joint ventures [line items]      
Sales and other operating revenues $ 213,032 $ 248,891 $ 164,195
Profit (loss) before interest and taxation 27,348 18,039 18,082
Finance costs 3,840 2,703 2,857
Profit (loss) before taxation 23,749 15,405 15,227
Taxation 7,869 16,762 6,740
Non-controlling interests 641 1,130 922
Profit (loss) for the year [1] 15,880 (1,357) 8,487
Other comprehensive income (511) [2] 8,208 [1] 2,065 [1]
Total comprehensive income 15,369 [2] 6,851 [1] 10,552 [1]
Non-current assets 176,148 180,432  
Current assets 104,146 107,688  
Assets 280,294 288,120  
Current liabilities 86,078 99,018  
Non-current liabilities 108,723 106,112  
Liabilities 194,801 205,130  
Net assets 85,493 82,990  
Non-controlling interests 15,210 15,437  
bp shareholders’ equity 70,283 67,553  
Net impairment and losses on sale of businesses and fixed assets (5,857) (30,522) 1,121
Investments in joint ventures 12,435 12,400  
Azule Energy Holdings Limited [Member]      
Disclosure of joint ventures [line items]      
Sales and other operating revenues 2,582 1,137  
Profit (loss) before interest and taxation 1,073 730  
Finance costs 200 109  
Profit (loss) before taxation 873 621  
Taxation 173 81  
Non-controlling interests 0 0  
Profit (loss) for the year 700 540  
Other comprehensive income 0 0  
Total comprehensive income 700 540  
Non-current assets 9,394 11,109  
Current assets 1,964 2,066  
Assets 11,358 13,175  
Current liabilities 1,255 1,297  
Non-current liabilities 5,037 6,614  
Liabilities 6,292 7,911  
Net assets 5,066 5,264  
Non-controlling interests 0 0  
bp shareholders’ equity 5,066 5,264  
Net impairment and losses on sale of businesses and fixed assets 0 0  
Loans made by group companies to associates 0 0  
Investments in joint ventures 5,066 5,264  
Pan American Energy Group [Member]      
Disclosure of joint ventures [line items]      
Sales and other operating revenues   3,204 2,197
Profit (loss) before interest and taxation   780 403
Finance costs   188 131
Profit (loss) before taxation   592 272
Taxation   54 489
Non-controlling interests   0 0
Profit (loss) for the year   538 (217)
Other comprehensive income   0 0
Total comprehensive income   538 (217)
Non-current assets   7,299  
Current assets   1,527  
Assets   8,826  
Current liabilities   998  
Non-current liabilities   2,928  
Liabilities   3,926  
Net assets   4,900  
Non-controlling interests   0  
bp shareholders’ equity   4,900  
Net impairment and losses on sale of businesses and fixed assets   (2,900)  
Loans made by group companies to associates   0  
Investments in joint ventures 0 2,000  
Other joint ventures      
Disclosure of joint ventures [line items]      
Sales and other operating revenues 13,705 9,770 9,048
Profit (loss) before interest and taxation 8 255 927
Finance costs 421 137 58
Profit (loss) before taxation (413) 118 869
Taxation 219 67 107
Non-controlling interests 1 1 2
Profit (loss) for the year (633) 50 760
Other comprehensive income 45 50 5
Total comprehensive income (588) 100 765
Non-current assets 16,505 7,775  
Current assets 4,387 2,778  
Assets 20,892 10,553  
Current liabilities 2,992 1,713  
Non-current liabilities 7,505 3,687  
Liabilities 10,497 5,400  
Net assets 10,395 5,153  
Non-controlling interests (15) (13)  
bp shareholders’ equity 10,380 5,140  
Net impairment and losses on sale of businesses and fixed assets 3,007 0  
Loans made by group companies to associates (4) (4)  
Investments in joint ventures 7,369 5,136  
Joint ventures      
Disclosure of joint ventures [line items]      
Sales and other operating revenues 16,287 14,111 11,245
Profit (loss) before interest and taxation 1,081 1,765 1,330
Finance costs 621 434 189
Profit (loss) before taxation 460 1,331 1,141
Taxation 392 202 596
Non-controlling interests 1 1 2
Profit (loss) for the year 67 1,128 543
Other comprehensive income 45 50 5
Total comprehensive income 112 1,178 $ 548
Non-current assets 25,899 26,183  
Current assets 6,351 6,371  
Assets 32,250 32,554  
Current liabilities 4,247 4,008  
Non-current liabilities 12,542 13,229  
Liabilities 16,789 17,237  
Net assets 15,461 15,317  
Non-controlling interests (15) (13)  
bp shareholders’ equity 15,446 15,304  
Net impairment and losses on sale of businesses and fixed assets (3,007) (2,900)  
Loans made by group companies to associates (4) (4)  
Investments in joint ventures $ 12,435 $ 12,400  
[1] See Note 32 for further information.
[2] See Note 32 for further information.