Condensed consolidating information on certain US subsidiaries (Tables)

12 Months Ended

Dec. 31, 2017

Disclosure Of Condensed Financial Information Of Parent Company Only Disclosure [Abstract]

Disclosure of Condensed Income Statement

Income statement continued



									$ million
									2015
	Issuer		Guarantor
	BP Exploration (Alaska) Inc.		BP p.l.c.		Other subsidiaries		Eliminations and reclassifications		BP group
Sales and other operating revenues	3,438		—		222,881		(3,425	)	222,894
Earnings from joint ventures - after interest and tax	—		—		(28	)	—		(28	)
Earnings from associates - after interest and tax	—		—		1,839		—		1,839
Equity-accounted income of subsidiaries - after interest and tax	—		(5,404	)	—		5,404		—
Interest and other income	29		185		671		(274	)	611
Gains on sale of businesses and fixed assets	—		31		666		(31	)	666
Total revenues and other income	3,467		(5,188	)	226,029		1,674		225,982
Purchases	1,432		—		166,783		(3,425	)	164,790
Production and manufacturing expenses	1,360		—		35,680		—		37,040
Production and similar taxes	140		—		896		—		1,036
Depreciation, depletion and amortization	569		—		14,650		—		15,219
Impairment and losses on sale of businesses and fixed assets	176		—		1,733		—		1,909
Exploration expense	—		—		2,353		—		2,353
Distribution and administration expenses	56		1,125		10,449		(77	)	11,553
Profit (loss) before interest and taxation	(266	)	(6,313	)	(6,515	)	5,176		(7,918	)
Finance costs	35		36		1,473		(197	)	1,347
Net finance (income) expense relating to pensions and other post-retirement benefits	—		20		286		—		306
Profit (loss) before taxation	(301	)	(6,369	)	(8,274	)	5,373		(9,571	)
Taxation	(129	)	82		(3,124	)	—		(3,171	)
Profit (loss) for the year	(172	)	(6,451	)	(5,150	)	5,373		(6,400	)
Attributable to
BP shareholders	(172	)	(6,451	)	(5,232	)	5,373		(6,482	)
Non-controlling interests	—		—		82		—		82
	(172	)	(6,451	)	(5,150	)	5,373		(6,400	)

Income statement



								$ million
For the year ended 31 December								2017
	Issuer		Guarantor
	BP Exploration (Alaska) Inc.		BP p.l.c.		Other subsidiaries	Eliminations and reclassifications		BP group
Sales and other operating revenues	3,264		—		240,177	(3,233	)	240,208
Earnings from joint ventures - after interest and tax	—		—		1,177	—		1,177
Earnings from associates - after interest and tax	—		—		1,330	—		1,330
Equity-accounted income of subsidiaries - after interest and tax	—		4,436		—	(4,436	)	—
Interest and other income	11		369		1,470	(1,193	)	657
Gains on sale of businesses and fixed assets	71		9		1,139	(9	)	1,210
Total revenues and other income	3,346		4,814		245,293	(8,871	)	244,582
Purchases	1,010		—		181,939	(3,233	)	179,716
Production and manufacturing expenses	1,156		—		23,073	—		24,229
Production and similar taxes^a	(18	)	—		1,793	—		1,775
Depreciation, depletion and amortization	735		—		14,849	—		15,584
Impairment and losses on sale of businesses and fixed assets	—		—		1,216	—		1,216
Exploration expense	—		—		2,080	—		2,080
Distribution and administration expenses	19		616		10,022	(149	)	10,508
Profit (loss) before interest and taxation	444		4,198		10,321	(5,489	)	9,474
Finance costs	6		826		2,286	(1,044	)	2,074
Net finance (income) expense relating to pensions and other post-retirement benefits	—		(15	)	235	—		220
Profit (loss) before taxation	438		3,387		7,800	(4,445	)	7,180
Taxation	(392	)	(11	)	4,115	—		3,712
Profit (loss) for the year	830		3,398		3,685	(4,445	)	3,468
Attributable to
BP shareholders	830		3,398		3,606	(4,445	)	3,389
Non-controlling interests	—		—		79	—		79
	830		3,398		3,685	(4,445	)	3,468

Income statement continued



									$ million
For the year ended 31 December									2016
	Issuer		Guarantor
	BP Exploration (Alaska) Inc.		BP p.l.c.		Other subsidiaries		Eliminations and reclassifications		BP group
Sales and other operating revenues	2,740		—		182,999		(2,731	)	183,008
Earnings from joint ventures - after interest and tax	—		—		966		—		966
Earnings from associates - after interest and tax	—		—		994		—		994
Equity-accounted income of subsidiaries - after interest and tax	—		862		—		(862	)	—
Interest and other income	94		343		899		(830	)	506
Gains on sale of businesses and fixed assets	—		—		1,132		—		1,132
Total revenues and other income	2,834		1,205		186,990		(4,423	)	186,606
Purchases	888		—		134,062		(2,731	)	132,219
Production and manufacturing expenses	1,171		—		27,906		—		29,077
Production and similar taxes	102		—		581		—		683
Depreciation, depletion and amortization	673		—		13,832		—		14,505
Impairment and losses on sale of businesses and fixed assets	(147	)	—		(1,517	)	—		(1,664	)
Exploration expense	—		—		1,721		—		1,721
Distribution and administration expenses	—		808		9,797		(110	)	10,495
Profit (loss) before interest and taxation	147		397		608		(1,582	)	(430	)
Finance costs	103		311		1,981		(720	)	1,675
Net finance (income) expense relating to pensions and other post-retirement benefits	—		(82	)	272		—		190
Profit (loss) before taxation	44		168		(1,645	)	(862	)	(2,295	)
Taxation	(41	)	53		(2,479	)	—		(2,467	)
Profit (loss) for the year	85		115		834		(862	)	172
Attributable to
BP shareholders	85		115		777		(862	)	115
Non-controlling interests	—		—		57		—		57
	85		115		834		(862	)	172

Disclosure of Condensed Statement of Comprehensive Income

Statement of comprehensive income continued



								$ million
								2015
	Issuer		Guarantor
	BP Exploration (Alaska) Inc.		BP p.l.c.		Other subsidiaries		Eliminations and reclassifications	BP group
Profit (loss) for the year	(172	)	(6,451	)	(5,150	)	5,373	(6,400	)
Other comprehensive income	—		1,863		(3,681	)	—	(1,818	)
Equity-accounted other comprehensive income of subsidiaries	—		(3,640	)	—		3,640	—
Total comprehensive income	(172	)	(8,228	)	(8,831	)	9,013	(8,218	)
Attributable to
BP shareholders	(172	)	(8,228	)	(8,872	)	9,013	(8,259	)
Non-controlling interests	—		—		41		—	41
	(172	)	(8,228	)	(8,831	)	9,013	(8,218	)

Statement of comprehensive income continued



							$ million
							2016
	Issuer	Guarantor
	BP Exploration (Alaska) Inc.	BP p.l.c.		Other subsidiaries	Eliminations and reclassifications		BP group
Profit (loss) for the year	85	115		834	(862	)	172
Other comprehensive income	—	(1,505	)	517	—		(988	)
Equity-accounted other comprehensive income of subsidiaries	—	544		—	(544	)	—
Total comprehensive income	85	(846	)	1,351	(1,406	)	(816	)
Attributable to
BP shareholders	85	(846	)	1,321	(1,406	)	(846	)
Non-controlling interests	—	—		30	—		30
	85	(846	)	1,351	(1,406	)	(816	)

Statement of comprehensive income



						$ million
For the year ended 31 December						2017
	Issuer	Guarantor
	BP Exploration (Alaska) Inc.	BP p.l.c.	Other subsidiaries	Eliminations and reclassifications		BP group
Profit (loss) for the year	830	3,398	3,685	(4,445	)	3,468
Other comprehensive income	—	1,981	3,035	—		5,016
Equity-accounted other comprehensive income of subsidiaries	—	2,983	—	(2,983	)	—
Total comprehensive income	830	8,362	6,720	(7,428	)	8,484
Attributable to
BP shareholders	830	8,362	6,589	(7,428	)	8,353
Non-controlling interests	—	—	131	—		131
	830	8,362	6,720	(7,428	)	8,484

Disclosure of Condensed Balance Sheet

Balance sheet



						$ million
						2017
	Issuer	Guarantor
	BP Exploration (Alaska) Inc.	BP p.l.c.	Other subsidiaries	Eliminations and reclassifications		BP group
Non-current assets
Property, plant and equipment	6,973	—	122,498	—		129,471
Goodwill	—	—	11,551	—		11,551
Intangible assets	585	—	17,770	—		18,355
Investments in joint ventures	—	—	7,994	—		7,994
Investments in associates	—	2	16,989	—		16,991
Other investments	—	—	1,245	—		1,245
Subsidiaries - equity-accounted basis	—	161,840	—	(161,840	)	—
Fixed assets	7,558	161,842	178,047	(161,840	)	185,607
Loans	1	—	34,701	(34,056	)	646
Trade and other receivables	—	2,623	1,434	(2,623	)	1,434
Derivative financial instruments	—	—	4,110	—		4,110
Prepayments	—	—	1,112	—		1,112
Deferred tax assets	—	—	4,469	—		4,469
Defined benefit pension plan surpluses	—	3,838	331	—		4,169
	7,559	168,303	224,204	(198,519	)	201,547
Current assets
Loans	—	—	190	—		190
Inventories	274	—	18,737	—		19,011
Trade and other receivables	2,206	293	32,691	(10,341	)	24,849
Derivative financial instruments	—	—	3,032	—		3,032
Prepayments	2	—	1,412	—		1,414
Current tax receivable	—	—	761	—		761
Other investments	—	—	125	—		125
Cash and cash equivalents	—	10	25,576	—		25,586
	2,482	303	82,524	(10,341	)	74,968
Total assets	10,041	168,606	306,728	(208,860	)	276,515
Current liabilities
Trade and other payables	673	7,843	46,034	(10,341	)	44,209
Derivative financial instruments	—	—	2,808	—		2,808
Accruals	115	60	4,785	—		4,960
Finance debt	—	—	7,739	—		7,739
Current tax payable	—	—	1,686	—		1,686
Provisions	1	—	3,323	—		3,324
	789	7,903	66,375	(10,341	)	64,726
Non-current liabilities
Other payables	—	34,104	16,464	(36,679	)	13,889
Derivative financial instruments	—	—	3,761	—		3,761
Accruals	—	—	505	—		505
Finance debt	—	—	55,491	—		55,491
Deferred tax liabilities	838	1,337	5,807	—		7,982
Provisions	1,222	—	19,398	—		20,620
Defined benefit pension plan and other post-retirement benefit plan deficits	—	221	8,916	—		9,137
	2,060	35,662	110,342	(36,679	)	111,385
Total liabilities	2,849	43,565	176,717	(47,020	)	176,111
Net assets	7,192	125,041	130,011	(161,840	)	100,404
Equity
BP shareholders’ equity	7,192	125,041	128,098	(161,840	)	98,491
Non-controlling interests	—	—	1,913	—		1,913
	7,192	125,041	130,011	(161,840	)	100,404

36. Condensed consolidating information on certain US subsidiaries – continued

Balance sheet continued



						$ million
						2016
	Issuer	Guarantor
	BP Exploration (Alaska) Inc.	BP p.l.c.	Other subsidiaries	Eliminations and reclassifications		BP group
Non-current assets
Property, plant and equipment	7,405	—	122,352	—		129,757
Goodwill	—	—	11,194	—		11,194
Intangible assets	578	—	17,605	—		18,183
Investments in joint ventures	—	—	8,609	—		8,609
Investments in associates	—	2	14,090	—		14,092
Other investments	—	—	1,033	—		1,033
Subsidiaries - equity-accounted basis	—	156,864	—	(156,864	)	—
Fixed assets	7,983	156,866	174,883	(156,864	)	182,868
Loans	9	—	34,941	(34,418	)	532
Trade and other receivables	—	2,951	1,474	(2,951	)	1,474
Derivative financial instruments	—	—	4,359	—		4,359
Prepayments	—	—	945	—		945
Deferred tax assets	—	—	4,741	—		4,741
Defined benefit pension plan surpluses	—	528	56	—		584
	7,992	160,345	221,399	(194,233	)	195,503
Current assets
Loans	—	—	259	—		259
Inventories	249	—	17,406	—		17,655
Trade and other receivables^a	1,593	487	24,610	(6,015	)	20,675
Derivative financial instruments	—	—	3,016	—		3,016
Prepayments	7	—	1,479	—		1,486
Current tax receivable	—	—	1,194	—		1,194
Other investments	—	—	44	—		44
Cash and cash equivalents	—	50	23,434	—		23,484
	1,849	537	71,442	(6,015	)	67,813
Total assets	9,841	160,882	292,841	(200,248	)	263,316
Current liabilities
Trade and other payables^a	672	4,096	39,162	(6,015	)	37,915
Derivative financial instruments	—	—	2,991	—		2,991
Accruals	116	129	4,891	—		5,136
Finance debt	—	—	6,634	—		6,634
Current tax payable^a	—	—	1,666	—		1,666
Provisions	2	—	4,010	—		4,012
	790	4,225	59,354	(6,015	)	58,354
Non-current liabilities
Other payables	20	34,389	16,906	(37,369	)	13,946
Derivative financial instruments	—	—	5,513	—		5,513
Accruals	—	43	426	—		469
Finance debt	—	—	51,666	—		51,666
Deferred tax liabilities	1,279	179	5,780	—		7,238
Provisions	1,390	—	19,022	—		20,412
Defined benefit pension plan and other post-retirement benefit plan deficits	—	219	8,656	—		8,875
	2,689	34,830	107,969	(37,369	)	108,119
Total liabilities	3,479	39,055	167,323	(43,384	)	166,473
Net assets	6,362	121,827	125,518	(156,864	)	96,843
Equity
BP shareholders’ equity^a	6,362	121,827	123,961	(156,864	)	95,286
Non-controlling interests	—	—	1,557	—		1,557
	6,362	121,827	125,518	(156,864	)	96,843

^aAmendments have been made to previously reported amounts for BP Exploration (Alaska) Inc., reducing current trade and other receivables by $990 million, current trade and other payables by $50 million and current tax payable by $11 million, with offsetting amendments to BP shareholders' equity. This relates to intra-BP group balances and, as such, amendments have also been made to the same line items presented for Other subsidiaries as well as eliminations amounts. The amendments represent the adjustment of amounts recorded in earlier periods by BP Exploration (Alaska) Inc. as intra-BP group balances relating to group re-organizations and the tax consequences thereon which are now considered to be more appropriately treated as shown by the amended amounts above.

Disclosure of Condensed Cash Flow Statement

Cash flow statement



							$ million
							2017
	Issuer		Guarantor
	BP Exploration (Alaska) Inc.		BP p.l.c.		Other subsidiaries		BP group
Net cash provided by operating activities	227		6,456		12,248		18,931
Net cash provided by (used in) investing activities	(227	)	—		(13,850	)	(14,077	)
Net cash provided by (used in) financing activities	—		(6,496	)	3,200		(3,296	)
Currency translation differences relating to cash and cash equivalents	—		—		544		544
Increase (decrease) in cash and cash equivalents	—		(40	)	2,142		2,102
Cash and cash equivalents at beginning of year	—		50		23,434		23,484
Cash and cash equivalents at end of year	—		10		25,576		25,586

							$ million
For the year ended 31 December							2016
	Issuer		Guarantor
	BP Exploration (Alaska) Inc.		BP p.l.c.		Other subsidiaries		BP group
Net cash provided by operating activities	699		4,661		5,331		10,691
Net cash provided by (used in) investing activities	(699	)	—		(14,054	)	(14,753	)
Net cash provided by (used in) financing activities	—		(4,611	)	6,588		1,977
Currency translation differences relating to cash and cash equivalents	—		—		(820	)	(820	)
Increase (decrease) in cash and cash equivalents	—		50		(2,955	)	(2,905	)
Cash and cash equivalents at beginning of year	—		—		26,389		26,389
Cash and cash equivalents at end of year	—		50		23,434		23,484

							$ million
For the year ended 31 December							2015
	Issuer		Guarantor
	BP Exploration (Alaska) Inc.		BP p.l.c.		Other subsidiaries		BP group
Net cash provided by operating activities	925		6,628		11,580		19,133
Net cash provided by (used in) investing activities	(925	)	—		(16,375	)	(17,300	)
Net cash provided by (used in) financing activities	—		(6,659	)	2,124		(4,535	)
Currency translation differences relating to cash and cash equivalents	—		—		(672	)	(672	)
Increase (decrease) in cash and cash equivalents	—		(31	)	(3,343	)	(3,374	)
Cash and cash equivalents at beginning of year	—		31		29,732		29,763
Cash and cash equivalents at end of year	—		—		26,389		26,389