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Condensed group statement of changes in equity - USD ($)
$ in Millions
Total
Equity attributable to owners of parent [member]
Non-controlling interests, hybrid bonds
Non-controlling interests, other interest
Equity at beginning of period at Dec. 31, 2022 $ 82,990 $ 67,553 $ 13,390 $ 2,047
Comprehensive income 10,483 10,101 288 94
Dividends recognised as distributions to owners (2,483) (2,348)   (135)
Increase (Decrease) In Number Of Shares Outstanding Through Share Repurchase, Equity Amount (5,166) (5,166)    
Increase (decrease) through share-based payment transactions, equity 205 205    
Increase (decrease) through other changes, equity 132 (1) 133  
Payments on increase (decrease) though other changes, equity (414) (5) (409)  
Increase (decrease) through changes in ownership interests in subsidiaries that do not result in loss of control, equity (144) 0   (144)
Equity at end of period at Jun. 30, 2023 85,603 70,339 13,402 1,862
Equity at beginning of period at Dec. 31, 2023 85,493 70,283 13,566 1,644
Comprehensive income 2,106 1,783 310 13
Dividends recognised as distributions to owners (2,617) (2,431)   (186)
Cash flow hedges transferred to the balance sheet, net of tax (4) (4)   0
Increase (Decrease) In Number Of Shares Outstanding Through Share Repurchase, Equity Amount (3,502) (3,502)    
Increase (decrease) through share-based payment transactions, equity 654 654    
Increase (decrease) through other changes, equity [1] 1,296 (4) 1,300  
Redemption of other changes, equity, net of tax [1] (1,291) 9 (1,300)  
Payments on increase (decrease) though other changes, equity (419) 0 (419)  
Increase (decrease) through changes in ownership interests in subsidiaries that do not result in loss of control, equity 483 236   247
Equity at end of period at Jun. 30, 2024 $ 82,199 $ 67,024 $ 13,457 $ 1,718
[1] During the first quarter 2024 BP Capital Markets PLC issued $1.3 billion of US dollar perpetual subordinated hybrid bonds with a coupon fixed for an initial period up to 2034 of 6.45% and voluntarily bought back $1.3 billion of the non-call 2025 4.375% US dollar hybrid bond issued in 2020. Taken together these transactions had no significant impact on net debt or gearing.