Analysis of replacement cost profit (loss) before interest and tax and reconciliation to profit (loss) before taxation

6 Months Ended

Jun. 30, 2019

Operating Segments [Abstract]

Analysis of replacement cost profit (loss) before interest and tax and reconciliation to profit (loss) before taxation

Analysis of replacement cost profit (loss) before interest and tax and reconciliation to profit (loss) before taxation

	Second		Second		First		First
	quarter		quarter		half		half
$ million	2019		2018		2019		2018
Upstream	2,469		3,514		5,353		6,688
Downstream	1,288		840		3,053		2,553
Rosneft	525		766		1,011		1,013
Other businesses and corporate	(381	)	(1,025	)	(927	)	(1,596	)
	3,901		4,095		8,490		8,658
Consolidation adjustment – UPII*	34		151		21		(9	)
RC profit (loss) before interest and tax*	3,935		4,246		8,511		8,649
Inventory holding gains (losses)*
Upstream	(10	)	4		(8	)	5
Downstream	93		1,196		1,139		1,265
Rosneft (net of tax)	(2	)	110		38		132
Profit (loss) before interest and tax	4,016		5,556		9,680		10,051
Finance costs	853		535		1,720		1,088
Net finance expense relating to pensions and other post-retirement benefits	15		31		30		62
Profit (loss) before taxation	3,148		4,990		7,930		8,901
RC profit (loss) before interest and tax*
US	498		(20	)	1,269		339
Non-US	3,437		4,266		7,242		8,310
	3,935		4,246		8,511		8,649