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Condensed group cash flow statement - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Operating activities        
Profit (loss) before taxation $ (21,604) $ 3,148 $ (26,128) $ 7,930
Adjustments to reconcile profit (loss) before taxation to net cash provided by operating activities        
Depreciation, depletion and amortization and exploration expenditure written off 13,555 4,665 17,712 9,410
Impairment and (gain) loss on sale of businesses and fixed assets 11,696 851 12,829 858
Earnings from equity-accounted entities, less dividends received 860 (395) 1,365 (984)
Net charge for interest and other finance expense, less net interest paid 17 62 154 150
Share-based payments 351 117 345 414
Net operating charge for pensions and other post-retirement benefits, less contributions and benefit payments for unfunded plans (34) (68) (54) (145)
Net charge for provisions, less payments (365) (198) (424) (314)
Movements in inventories and other current and non-current assets and liabilities (609) (58) 74 (2,753)
Income taxes paid (130) (1,309) (1,184) (2,455)
Net cash provided by operating activities 3,737 6,815 4,689 12,111
Investing activities        
Expenditure on property, plant and equipment, intangible and other assets (3,018) (3,833) (6,807) (7,528)
Acquisitions, net of cash acquired 0 (1,747) (17) (3,542)
Investment in joint ventures (8) (20) (26) (20)
Investment in associates (41) (54) (78) (199)
Total cash capital expenditure (3,067) (5,654) (6,928) (11,289)
Proceeds from disposal of fixed assets 10 70 20 305
Proceeds from disposal of businesses, net of cash disposed 670 8 1,341 373
Proceeds from loan repayments 543 64 606 119
Net cash used in investing activities (1,844) (5,512) (4,961) (10,492)
Financing activities        
Net issue (repurchase) of shares (Note 9) 0 (80) (776) (125)
Payments of lease liabilities, classified as financing activities (664) (595) (1,233) (1,212)
Proceeds from long-term financing 6,846 4,381 9,530 6,505
Repayments of long-term financing (964) (3,602) (4,681) (6,242)
Net increase (decrease) in short-term debt (215) (119) 2,302 970
Proceeds from issuing other equity instruments 11,861 0 11,861 0
Payments from changes in ownership interests in subsidiaries that do not result in loss of control (8) 0 (8) 0
Receipts relating to transactions involving non-controlling interests (other) 0 0 9 0
Dividends paid        
BP shareholders (2,119) (1,779) (4,221) (3,214)
Non-controlling interests (74) (83) (105) (119)
Net cash provided by (used in) financing activities 14,663 (1,877) 12,678 (3,437)
Currency translation differences relating to cash and cash equivalents (42) (8) (225) 24
Increase (decrease) in cash and cash equivalents 16,514 (582) 12,181 (1,794)
Cash and cash equivalents at end of year 34,217 $ 20,674 34,217 $ 20,674
Cash and cash equivalents if different from statement of financial position [1] $ 34,653   $ 34,653  
[1] Second quarter and first half 2020 includes $436 million of cash and cash equivalents classified as assets held for sale in the group balance sheet.