XML 13 R6.htm IDEA: XBRL DOCUMENT v3.19.2
Condensed group cash flow statement - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Operating activities        
Profit (loss) before taxation $ 3,148 $ 4,990 $ 7,930 $ 8,901
Adjustments to reconcile profit (loss) before taxation to net cash provided by operating activities        
Depreciation, depletion and amortization and exploration expenditure written off 4,665 3,892 9,410 8,249
Impairment and (gain) loss on sale of businesses and fixed assets 851 (79) 858 (93)
Earnings from equity-accounted entities, less dividends received (395) (988) (984) (1,524)
Net charge for interest and other finance expense, less net interest paid 62 191 150 271
Share-based payments 117 167 414 404
Net operating charge for pensions and other post-retirement benefits, less contributions and benefit payments for unfunded plans (68) (62) (145) (264)
Net charge for provisions, less payments (198) 80 (314) 224
Movements in inventories and other current and non-current assets and liabilities (58) (570) (2,753) (3,968)
Income taxes paid (1,309) (1,315) (2,455) (2,248)
Net cash provided by operating activities 6,815 6,306 12,111 9,952
Investing activities        
Expenditure on property, plant and equipment, intangible and other assets (3,833) (3,484) (7,528) (7,070)
Acquisitions, net of cash acquired (1,747) (1) (3,542) (1)
Investment in joint ventures (20) (18) (20) (57)
Investment in associates (54) (322) (199) (660)
Total cash capital expenditure (5,654) (3,825) (11,289) (7,788)
Proceeds from disposal of fixed assets 70 105 305 190
Proceeds from disposal of businesses, net of cash disposed 8 45 373 127
Proceeds from loan repayments 64 24 119 33
Net cash used in investing activities (5,512) (3,651) (10,492) (7,438)
Financing activities(a)        
Net issue (repurchase) of shares (80) (90) [1] (125) (200) [1]
Payments of lease liabilities, classified as financing activities 595 4 [1] 1,212 14 [1]
Proceeds from long-term financing 4,381 910 [1] 6,505 1,032 [1]
Repayments of long-term financing (3,602) (1,722) [1] (6,242) (2,869) [1]
Net increase (decrease) in short-term debt (119) 292 [1] 970 (57) [1]
Net increase (decrease) in non-controlling interests 0 0 [1] 0 (1) [1]
Dividends paid        
BP shareholders (1,779) (1,727) [1] (3,214) (3,556) [1]
Non-controlling interests (83) (57) [1] (119) (70) [1]
Net cash provided by (used in) financing activities (1,877) (2,398) [1] (3,437) (5,735) [1]
Currency translation differences relating to cash and cash equivalents (8) (314) 24 (169)
Increase (decrease) in cash and cash equivalents (582) (57) (1,794) (3,390)
Cash and cash equivalents at beginning of year(a) 21,256 22,242 22,468 [2] 25,575
Cash and cash equivalents at end of year $ 20,674 $ 22,185 $ 20,674 $ 22,185
[1] Financing cash flows for the second quarter and half year 2018 have been re-presented to align with the current period. See Note 1 for further information.
[2] Finance debt on the comparative balance sheet has been re-presented to align with the current period. See Note 1 for further information.