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Group cash flow statement - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Operating activities      
Profit (loss) before taxation $ 6,782 $ 23,749 $ 15,405
Adjustments to reconcile profit before taxation to net cash provided by operating activities      
Exploration expenditure written off 767 746 385
Depreciation, depletion and amortization 16,622 15,928 14,318
Impairment and (gain) loss on sale of businesses and fixed assets 6,317 5,488 26,656
Earnings from joint ventures and associates (1,993) (898) (2,530)
Dividends received from joint ventures and associates 2,023 2,092 1,700
Remeasurement of joint ventures on step-acquisition, classified as operating activities (917) 0 0
Interest receivable (1,512) (1,265) (444)
Interest received 1,450 1,119 414
Finance costs 4,683 3,840 2,703
Interest paid (2,811) (2,950) (2,208)
Net finance expense relating to pensions and other post-employment benefits (168) (241) (69)
Share-based payments 1,174 616 795
Net operating charge for pensions and other post-employment benefits, less contributions and benefit payments for unfunded plans (182) (193) (257)
Net charge for provisions, less payments (152) (2,481) 440
(Increase) decrease in inventories 808 5,634 (5,492)
(Increase) decrease in other current and non-current assets 3,355 4,620 (18,584)
Increase (decrease) in other current and non-current liabilities (188) (13,592) 17,806
Income taxes paid (8,761) (10,173) (10,106)
Cash flows from (used in) operating activities 27,297 32,039 40,932
Investing activities      
Expenditure on property, plant and equipment, intangible and other assets (15,297) (14,285) (12,069)
Acquisitions, net of cash acquired 53 (799) (3,530)
Investment in joint ventures (850) (1,039) (600)
Investment in associates (143) (130) (131)
Total cash capital expenditure (16,237) (16,253) (16,330)
Proceeds from disposals of fixed assets 328 133 709
Proceeds from disposals of businesses, net of cash disposed 2,578 1,193 1,841
Proceeds from loan repayments 81 55 67
Net cash used in investing activities (13,250) (14,872) (13,713)
Financing activities      
Repurchase of shares (7,127) (7,918) (9,996)
Lease liability payments (2,833) (2,560) (1,961)
Proceeds from long-term financing 10,656 7,568 2,013
Repayments of long-term financing (2,970) (3,902) (11,697)
Net increase (decrease) in short-term debt (2,966) (861) (1,392)
Proceeds from issuing other equity instruments 4,330 175 370
Payments to redeem other equity instruments (1,288) 0 0
Payments of other equity instruments (1,053) (1,008) (708)
Payments from changes in ownership interests in subsidiaries that do not result in loss of control (21) (187) (9)
Receipts relating to transactions involving non-controlling interests (other) 1,353 546 11
Dividends paid      
bp shareholders (5,003) (4,809) (4,358)
Non-controlling interests (375) (403) (294)
Net cash provided by (used in) financing activities (7,297) (13,359) (28,021)
Currency translation differences relating to cash and cash equivalents (511) 27 (684)
Increase (decrease) in cash and cash equivalents 6,239 3,835 (1,486)
Cash and cash equivalents at beginning of year 33,030 29,195 30,681
Cash and cash equivalents at end of yeara 39,204 $ 33,030 $ 29,195
Cash and cash equivalents if different from statement of financial position [1] $ 39,269    
[1] 2024 includes cash and cash equivalents classified as assets held for sale in the group balance sheet. See Note 2 for further information.