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Capital and reserves (Tables)
 12 Months Ended
Dec. 31, 2017
Share Capital, Reserves And Other Equity Interest [Abstract]  
Disclosure of reserves and other equity interest
 
 
 
 
 
 
 
 
 
Share
capital

Share
premium
account

Capital
redemption
reserve

Merger
reserve

Total share capital
and capital
reserves

At 1 January 2017
 
5,284

12,219

1,413

27,206

46,122

Profit (loss) for the year
 
—

—

—

—

—

Items that may be reclassified subsequently to profit or loss
 
 
 
 
 
 
Currency translation differences (including recycling)
 
—

—

—

—

—

Available-for-sale investments (including recycling)
 
—

—

—

—

—

Cash flow hedges (including recycling)
 
—

—

—

—

—

Share of items relating to equity-accounted entities, net of taxa
 
—

—

—

—

—

Other
 
—

—

—

—

—

Items that will not be reclassified to profit or loss
 
 
 
 
 
 
Remeasurements of the net pension and other post-retirement benefit liability or asset
 
—

—

—

—

—

Total comprehensive income
 
—

—

—

—

—

Dividends
 
72

(72
)
—

—

—

Repurchases of ordinary share capital
 
(13
)
—

13

—

—

Share-based payments, net of taxb
 
—

—

—

—

—

Share of equity-accounted entities’ changes in equity, net of tax
 
—

—

—

—

—

Transactions involving non-controlling interestsc
 
—

—

—

—

—

At 31 December 2017
 
5,343

12,147

1,426

27,206

46,122

 
 
 
 
 
 
 
 
 
Share
capital

Share
premium
account

Capital
redemption
reserve

Merger
reserve

Total share capital
and capital
reserves

At 1 January 2016
 
5,049

10,234

1,413

27,206

43,902

Profit (loss) for the year
 
—

—

—

—

—

Items that may be reclassified subsequently to profit or loss
 
 
 
 
 
 
Currency translation differences (including recycling)
 
—

—

—

—

—

Available-for-sale investments (including recycling)
 
—

—

—

—

—

Cash flow hedges (including recycling)
 
—

—

—

—

—

Share of items relating to equity-accounted entities, net of taxa
 
—

—

—

—

—

Other
 
—

—

—

—

—

Items that will not be reclassified to profit or loss
 
 
 
 
 
 
Remeasurements of the net pension and other post-retirement benefit liability or asset
 
—

—

—

—

—

Total comprehensive income
 
—

—

—

—

—

Dividends
 
137

(137
)
—

—

—

Share-based payments, net of taxb d
 
98

2,122

—

—

2,220

Share of equity-accounted entities’ changes in equity, net of tax
 
—

—

—

—

—

Transactions involving non-controlling interests
 
—

—

—

—

—

At 31 December 2016
 
5,284

12,219

1,413

27,206

46,122

 
 
 
 
 
 
 
 
 
Share
capital

Share
premium
account

Capital
redemption
reserve

Merger
reserve

Total share capital
and capital
reserves

At 1 January 2015
 
5,023

10,260

1,413

27,206

43,902

Profit (loss) for the year
 
—

—

—

—

—

Items that may be reclassified subsequently to profit or loss
 
 
 
 
 
 
Currency translation differences (including recycling)a
 
—

—

—

—

—

Available-for-sale investments (including recycling)

 
—

—

—

—

—

Cash flow hedges (including recycling)
 
—

—

—

—

—

Share of items relating to equity-accounted entities, net of taxa
 
—

—

—

—

—

Other
 
—

—

—

—

—

Items that will not be reclassified to profit or loss
 
 
 
 
 
 
Remeasurements of the net pension and other post-retirement benefit liability or asset
 
—

—

—

—

—

Share of items relating to equity-accounted entities, net of tax
 
—

—

—

—

—

Total comprehensive income
 
—

—

—

—

—

Dividends
 
26

(26
)
—

—

—

Share-based payments, net of taxb
 
—

—

—

—

—

Share of equity-accounted entities’ changes in equity, net of tax
 
—

—

—

—

—

Transactions involving non-controlling interests
 
—

—

—

—

—

At 31 December 2015
 
5,049

10,234

1,413

27,206

43,902

a Principally foreign exchange effects relating to the Russian rouble.
b Movements in treasury shares relate to employee share-based payment plans.
c Principally relates to the initial public offering of common units in BP Midstream Partners LP for which net proceeds of $811 million were received.
d Includes ordinary shares issued to the government of Abu Dhabi in consideration for a 10% interest in the Abu Dhabi onshore oil concession. The share-based payment transaction was valued at the fair value of the interest in the assets, with reference to a market transaction for an identical interest.
30. Capital and reserves – continued
 
 
 
 
 
 
 
 
$ million

Treasury
shares

Foreign
currency
translation
reserve

Available-
for-sale
investments

Cash flow
hedges

Total
fair value
reserves

Profit and
loss
account

BP
shareholders’
equity

Non-
controlling
interests

Total equity

(18,443
)
(6,878
)
3

(1,156
)
(1,153
)
75,638

95,286

1,557

96,843

—

—

—

—

—

3,389

3,389

79

3,468

 
 
 
 
 
 
 
 
 
—

1,722

—

—

—

(3
)
1,719

52

1,771

—

—

14

—

14

—

14

—

14

—

—

—

396

396

—

396

—

396

—

—

—

—

—

564

564

—

564

—

—

—

—

—

(72
)
(72
)
—

(72
)
 
 
 
 
 
 
 
 
 
—

—

—

—

—

2,343

2,343

—

2,343

—

1,722

14

396

410

6,221

8,353

131

8,484

—

—

—

—

—

(6,153
)
(6,153
)
(141
)
(6,294
)
—

—

—

—

—

(343
)
(343
)
—

(343
)
1,485

—

—

—

—

(798
)
687

—

687

—

—

—

—

—

215

215

—

215

—

—

—

—

—

446

446

366

812

(16,958
)
(5,156
)
17

(760
)
(743
)
75,226

98,491

1,913

100,404

 
 
 
 
 
 
 
 
 
Treasury
shares

Foreign
currency
translation
reserve

Available-
for-sale
investments

Cash flow
hedges

Total
fair value
reserves

Profit and
loss
account

BP
shareholders’
equity

Non-
controlling
interests

Total equity

(19,964
)
(7,267
)
2

(825
)
(823
)
81,368

97,216

1,171

98,387

—

—

—

—

—

115

115

57

172

 
 
 
 
 
 
 
 
 
—

389

—

—

—

—

389

(27
)
362

—

—

1

—

1

—

1

—

1

—

—

—

(331
)
(331
)
—

(331
)
—

(331
)
—

—

—

—

—

833

833

—

833

—

—

—

—

—

(96
)
(96
)
—

(96
)
 
 
 
 
 
 
 
 
 
—

—

—

—

—

(1,757
)
(1,757
)
—

(1,757
)
—

389

1

(331
)
(330
)
(905
)
(846
)
30

(816
)
—

—

—

—

—

(4,611
)
(4,611
)
(107
)
(4,718
)
1,521

—

—

—

—

(750
)
2,991

—

2,991

—

—

—

—

—

106

106

—

106

—

—

—

—

—

430

430

463

893

(18,443
)
(6,878
)
3

(1,156
)
(1,153
)
75,638

95,286

1,557

96,843

 
 
 
 
 
 
 
 
 
Treasury
shares

Foreign
currency
translation
reserve

Available-
for-sale
investments

Cash flow
hedges

Total
fair value
reserves

Profit and
loss
account

BP
shareholders’
equity

Non-
controlling
interests

Total equity

(20,719
)
(3,409
)
1

(898
)
(897
)
92,564

111,441

1,201

112,642

—

—

—

—

—

(6,482
)
(6,482
)
82

(6,400
)


















—

(3,858
)
—

—

—

—

(3,858
)
(41
)
(3,899
)
—

—

1

—

1

—

1

—

1

—

—

—

73

73

—

73

—

73

—

—

—

—

—

(814
)
(814
)
—

(814
)
—

—

—

—

—

80

80

—

80

 
 
 
 
 
 
 
 
 
—

—

—

—

—

2,742

2,742

—

2,742

—

—

—

—

—

(1
)
(1
)
—

(1
)
—

(3,858
)
1

73

74

(4,475
)
(8,259
)
41

(8,218
)
—

—

—

—

—

(6,659
)
(6,659
)
(91
)
(6,750
)
755

—

—

—

—

(99
)
656

—

656

—

—

—

—

—

40

40

—

40

—

—

—

—

—

(3
)
(3
)
20

17

(19,964
)
(7,267
)
2

(825
)
(823
)
81,368

97,216

1,171

98,387
Disclosure of pre-tax and tax amounts components of other comprehensive income
The pre-tax amounts of each component of other comprehensive income, and the related amounts of tax, are shown in the table below.
 
 
 
 
$ million

 
 
 
 
2017

 
 
Pre-tax

Tax

Net of tax

Items that may be reclassified subsequently to profit or loss
 
 
 
 
Currency translation differences (including recycling)
 
1,866

(95
)
1,771

Available-for-sale investments (including recycling)
 
14

—

14

Cash flow hedges (including recycling)
 
425

(29
)
396

Share of items relating to equity-accounted entities, net of tax
 
564

—

564

Other
 
—

(72
)
(72
)
Items that will not be reclassified to profit or loss
 
 
 
 
Remeasurements of the net pension and other post-retirement benefit liability or asset
 
3,646

(1,303
)
2,343

Other comprehensive income
 
6,515

(1,499
)
5,016

 
 
 
 
 
 
 
 
 
$ million

 
 
 
 
2016

 
 
Pre-tax

Tax

Net of tax

Items that may be reclassified subsequently to profit or loss
 
 
 
 
Currency translation differences (including recycling)
 
284

78

362

Available-for-sale investments (including recycling)
 
1

—

1

Cash flow hedges (including recycling)
 
(362
)
31

(331
)
Share of items relating to equity-accounted entities, net of tax
 
833

—

833

Other
 
—

(96
)
(96
)
Items that will not be reclassified to profit or loss
 
 
 
 
Remeasurements of the net pension and other post-retirement benefit liability or asset
 
(2,496
)
739

(1,757
)
Other comprehensive income
 
(1,740
)
752

(988
)
 
 
 
 
 
 
 
 
 
$ million

 
 
 
 
2015

 
 
Pre-tax

Tax

Net of tax

Items that may be reclassified subsequently to profit or loss
 
 
 
 
Currency translation differences (including recycling)
 
(4,096
)
197

(3,899
)
Available-for-sale investments (including recycling)

 
1

—

1

Cash flow hedges (including recycling)
 
93

(20
)
73

Share of items relating to equity-accounted entities, net of tax
 
(814
)
—

(814
)
Other
 
—

80

80

Items that will not be reclassified to profit or loss
 
 
 
 
Remeasurements of the net pension and other post-retirement benefit liability or asset
 
4,139

(1,397
)
2,742

Share of items relating to equity-accounted entities, net of tax
 
(1
)
—

(1
)
Other comprehensive income
 
(678
)
(1,140
)
(1,818
)