Segmental analysis (Tables)

12 Months Ended

Dec. 31, 2019



											$ million
											2019
By business	Upstream		Downstream		Rosneft		Other businesses and corporate		Consolidation adjustment and eliminations		Total group
Segment revenues
Sales and other operating revenues	54,501		250,897		—		1,788		(28,789	)	278,397
Less: sales and other operating revenues between segments	(27,034	)	(973	)	—		(782	)	28,789		—
Third party sales and other operating revenues	27,467		249,924		—		1,006		—		278,397
Earnings from joint ventures and associates – after interest and tax	603		374		2,295		(15	)	—		3,257
Segment results
Replacement cost profit (loss) before interest and taxation	4,917		6,502		2,316		(2,771	)	75		11,039
Inventory holding gains (losses)^a	(8	)	685		(10	)	—		—		667
Profit (loss) before interest and taxation	4,909		7,187		2,306		(2,771	)	75		11,706

Finance costs											(3,489	)
Net finance expense relating to pensions and other post-retirement benefits											(63	)
Profit before taxation											8,154
Other income statement items
Depreciation, depletion and amortization
US	4,672		1,335		—		55		—		6,062
Non-US	9,560		1,586		—		572		—		11,718
Charges for provisions, net of write-back of unused provisions, including change in discount rate	118		507		—		560		—		1,185
Segment assets
Investments in joint ventures and associates	12,196		3,609		12,927		1,593		—		30,325
Additions to non-current assets^b	16,254		4,014		—		2,345		—		22,613


^a	See explanation of inventory holding gains and losses on page 177.


^b	Includes additions to property, plant and equipment; goodwill; intangible assets; investments in joint ventures; and investments in associates.



										$ million
										2018
By business	Upstream		Downstream		Rosneft	Other businesses and corporate		Consolidation adjustment and eliminations		Total group
Segment revenues
Sales and other operating revenues	56,399		270,689		—	1,678		(30,010	)	298,756
Less: sales and other operating revenues between segments	(28,565	)	(574	)	—	(871	)	30,010		—
Third party sales and other operating revenues	27,834		270,115		—	807		—		298,756
Earnings from joint ventures and associates – after interest and tax	951		589		2,283	(70	)	—		3,753
Segment results
Replacement cost profit (loss) before interest and taxation	14,328		6,940		2,221	(3,521	)	211		20,179
Inventory holding gains (losses)^a	(6	)	(862	)	67	—		—		(801	)
Profit (loss) before interest and taxation	14,322		6,078		2,288	(3,521	)	211		19,378

Finance costs										(2,528	)
Net finance expense relating to pensions and other post-retirement benefits										(127	)
Profit before taxation										16,723
Other income statement items
Depreciation, depletion and amortization
US	4,211		900		—	59		—		5,170
Non-US	8,907		1,177		—	203		—		10,287
Charges for provisions, net of write-back of unused provisions, including change in discount rate	355		834		—	1,557		—		2,746
Segment assets
Investments in joint ventures and associates	12,785		2,772		10,074	689		—		26,320
Additions to non-current assets^{b c}	24,266		3,609		—	477		—		28,352


^a	See explanation of inventory holding gains and losses on page 177.


^b	Includes additions to property, plant and equipment; goodwill; intangible assets; investments in joint ventures; and investments in associates.

^c Amounts have been restated to include acquisitions

5. Segmental analysis – continued



										$ million
										2017
By business	Upstream		Downstream		Rosneft	Other businesses and corporate		Consolidation adjustment and eliminations		Total group
Segment revenues
Sales and other operating revenues	45,440		219,853		—	1,469		(26,554	)	240,208
Less: sales and other operating revenues between segments	(24,179	)	(1,800	)	—	(575	)	26,554		—
Third party sales and other operating revenues	21,261		218,053		—	894		—		240,208
Earnings from joint ventures and associates – after interest and tax	930		674		922	(19	)	—		2,507
Segment results
Replacement cost profit (loss) before interest and taxation	5,221		7,221		836	(4,445	)	(212	)	8,621
Inventory holding gains (losses)^a	8		758		87	—		—		853
Profit (loss) before interest and taxation	5,229		7,979		923	(4,445	)	(212	)	9,474

Finance costs										(2,074	)
Net finance expense relating to pensions and other post-retirement benefits										(220	)
Profit before taxation										7,180
Other income statement items
Depreciation, depletion and amortization
US	4,631		875		—	65		—		5,571
Non-US	8,637		1,141		—	235		—		10,013
Charges for provisions, net of write-back of unused provisions, including change in discount rate	220		304		—	2,902		—		3,426


^a	See explanation of inventory holding gains and losses on page 177.



			$ million
			2019
By geographical area	US	Non-US	Total
Revenues
Third party sales and other operating revenues^a	89,334	189,063	278,397
Other income statement items
Production and similar taxes	315	1,232	1,547
Non-current assets
Non-current assets^b ^c	57,757	133,398	191,155


^a	Non-US region includes UK $63,194 million


^b	Non-US region includes UK $22,881 million


^c	Includes property, plant and equipment; goodwill; intangible assets; investments in joint ventures; investments in associates; and non-current prepayments.



			$ million
			2018
By geographical area	US	Non-US	Total
Revenues
Third party sales and other operating revenues^a	98,066	200,690	298,756
Other income statement items
Production and similar taxes	369	1,167	1,536
Non-current assets
Non-current assets^b ^c	68,188	124,060	192,248


^a	Non-US region includes UK $65,630 million.


^b	Non-US region includes UK $19,426 million.


^c	Includes property, plant and equipment; goodwill; intangible assets; investments in joint ventures; investments in associates; and non-current prepayments.

5. Segmental analysis – continued



			$ million
			2017
By geographical area	US	Non-US	Total
Revenues
Third party sales and other operating revenues^a	83,269	156,939	240,208
Other income statement items
Production and similar taxes	52	1,723	1,775


^a	Non-US region includes UK $48,837 million.