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Group cash flow statement - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Operating activities      
Profit (loss) before taxation $ 16,723 $ 7,180 $ (2,295)
Adjustments to reconcile profit (loss) before taxation to net cash provided by operating activities      
Exploration expenditure written off 1,085 1,603 1,274
Depreciation, depletion and amortization 15,457 15,584 14,505
Impairment and (gain) loss on sale of businesses and fixed assets 404 6 (2,796)
Earnings from joint ventures and associates (3,753) (2,507) (1,960)
Dividends received from joint ventures and associates 1,535 1,253 1,105
Interest receivable (468) (304) (200)
Interest received 348 375 267
Finance costs 2,528 2,074 1,675
Interest paid (1,928) (1,572) (1,137)
Net finance expense relating to pensions and other post-retirement benefits 127 220 190
Share-based payments 690 661 779
Net operating charge for pensions and other post-retirement benefits, less contributions and benefit payments for unfunded plans (386) (394) (467)
Net charge for provisions, less payments 986 2,106 4,487
(Increase) decrease in inventories 672 (848) (3,681)
(Increase) decrease in other current and non-current assets (2,858) (4,848) (1,172)
Increase (decrease) in other current and non-current liabilities (2,577) 2,344 1,655
Income taxes paid (5,712) (4,002) (1,538)
Net cash provided by (used in) operating activities 22,873 18,931 10,691
Investing activities      
Expenditure on property, plant and equipment, intangible and other assets (16,707) (16,562) (16,701)
Acquisitions, net of cash acquired (6,986) (327) (1)
Investment in joint ventures (382) (50) (50)
Investment in associates (1,013) (901) (700)
Total cash capital expenditure (25,088) (17,840) (17,452)
Proceeds from disposals of fixed assets 940 2,936 1,372
Proceeds from disposals of businesses, net of cash disposed 1,911 478 1,259
Proceeds from loan repayments 666 349 68
Net cash used in investing activities (21,571) (14,077) (14,753)
Financing activities      
Repurchase of shares (355) (343) 0
Proceeds from long-term financing 9,038 8,712 12,442
Repayments of long-term financing (7,210) (6,276) (6,685)
Net increase (decrease) in short-term debt 1,317 (158) 51
Net increase (decrease) in non-controlling interests 0 1,063 887
Dividends paid      
BP shareholders (6,699) (6,153) (4,611)
Non-controlling interests (170) (141) (107)
Net cash provided by (used in) financing activities (4,079) (3,296) 1,977
Currency translation differences relating to cash and cash equivalents (330) 544 (820)
Increase (decrease) in cash and cash equivalents (3,107) 2,102 (2,905)
Cash and cash equivalents at beginning of year 25,586 23,484 [1] 26,389 [1]
Cash and cash equivalents at end of year $ 22,468 $ 25,586 $ 23,484 [1]
[1] a See Note 1 for further information.