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Group cash flow statement - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Operating activities      
Profit (loss) before taxation $ 7,180 $ (2,295) $ (9,571)
Adjustments to reconcile profit (loss) before taxation to net cash provided by operating activities      
Exploration expenditure written off 1,603 1,274 1,829
Depreciation, depletion and amortization 15,584 14,505 15,219
Impairment and (gain) loss on sale of businesses and fixed assets 6 (2,796) 1,243
Earnings from joint ventures and associates (2,507) (1,960) (1,811)
Dividends received from joint ventures and associates 1,253 1,105 1,614
Interest receivable (304) (200) (247)
Interest received 375 267 176
Finance costs 2,074 1,675 1,347
Interest paid (1,572) (1,137) (1,080)
Net finance expense relating to pensions and other post-retirement benefits 220 190 306
Share-based payments 661 779 321
Net operating charge for pensions and other post-retirement benefits, less contributions and benefit payments for unfunded plans (394) (467) (592)
Net charge for provisions, less payments 2,106 4,487 11,792
(Increase) decrease in inventories (848) (3,681) 3,375
(Increase) decrease in other current and non-current assets (4,848) (1,172) 6,796
Increase (decrease) in other current and non-current liabilities 2,344 1,655 (9,328)
Income taxes paid (4,002) (1,538) (2,256)
Net cash provided by operating activities 18,931 10,691 19,133
Investing activities      
Expenditure on property, plant and equipment, intangible and other assets (16,562) (16,701) (18,648)
Acquisitions, net of cash acquired (327) (1) 23
Investment in joint ventures (50) (50) (265)
Investment in associates (901) (700) (1,312)
Total cash capital expenditure (17,840) (17,452) (20,202)
Proceeds from disposals of fixed assets 2,936 1,372 1,066
Proceeds from disposals of businesses, net of cash disposed 478 1,259 1,726
Proceeds from loan repayments 349 68 110
Net cash used in investing activities (14,077) (14,753) (17,300)
Financing activities      
Net issue (repurchase) of shares (343) 0 0
Proceeds from long-term financing 8,712 12,442 8,173
Repayments of long-term financing (6,276) (6,685) (6,426)
Net increase (decrease) in short-term debt (158) 51 473
Net increase (decrease) in non-controlling interests 1,063 887 (5)
Dividends paid      
BP shareholders (6,153) (4,611) (6,659)
Non-controlling interests (141) (107) (91)
Net cash provided by (used in) financing activities (3,296) 1,977 (4,535)
Currency translation differences relating to cash and cash equivalents 544 (820) (672)
Increase (decrease) in cash and cash equivalents 2,102 (2,905) (3,374)
Cash and cash equivalents at beginning of year 23,484 26,389 29,763
Cash and cash equivalents at end of year $ 25,586 $ 23,484 $ 26,389