| Dec'17 | Dec'16 | Dec'15 | ||||
|---|---|---|---|---|---|---|
Operating activities | ||||||
Profit (loss) before taxation | ||||||
7,180 | -2,295 | -9,571 | ||||
Adjustments to reconcile profit (loss) before taxation to net cash provided by operating activities | ||||||
Exploration expenditure written off | ||||||
1,603 | 1,274 | 1,829 | ||||
Depreciation, depletion and amortization | ||||||
15,584 | 14,505 | 15,219 | ||||
Impairment and (gain) loss on sale of businesses and fixed assets | ||||||
6 | -2,796 | 1,243 | ||||
Earnings from joint ventures and associates | ||||||
2,507 | 1,960 | 1,811 | ||||
Dividends received from joint ventures and associates | ||||||
1,253 | 1,105 | 1,614 | ||||
Interest receivable | ||||||
-304 | -200 | -247 | ||||
Interest received | ||||||
375 | 267 | 176 | ||||
Finance costs | ||||||
2,074 | 1,675 | 1,347 | ||||
Interest paid | ||||||
1,572 | 1,137 | 1,080 | ||||
Net finance expense relating to pensions and other post-retirement benefits | ||||||
-220 | -190 | -306 | ||||
Share-based payments | ||||||
661 | 779 | 321 | ||||
Net operating charge for pensions and other post-retirement benefits, less contributions and benefit payments for unfunded plans | ||||||
-394 | -467 | -592 | ||||
Net charge for provisions, less payments | ||||||
2,106 | 4,487 | 11,792 | ||||
(Increase) decrease in inventories | ||||||
-848 | -3,681 | 3,375 | ||||
(Increase) decrease in other current and non-current assets | ||||||
-4,848 | -1,172 | 6,796 | ||||
Increase (decrease) in other current and non-current liabilities | ||||||
2,344 | 1,655 | -9,328 | ||||
Income taxes paid | ||||||
4,002 | 1,538 | 2,256 | ||||
Net cash provided by operating activities | ||||||
18,931 | 10,691 | 19,133 | ||||
Investing activities | ||||||
Expenditure on property, plant and equipment, intangible and other assets | ||||||
16,562 | 16,701 | 18,648 | ||||
Acquisitions, net of cash acquired | ||||||
327 | 1 | -23 | ||||
Investment in joint ventures | ||||||
50 | 50 | 265 | ||||
Investment in associates | ||||||
901 | 700 | 1,312 | ||||
Total cash capital expenditure | ||||||
17,840 | 17,452 | 20,202 | ||||
Proceeds from disposal of fixed assets | ||||||
2,936 | 1,372 | 1,066 | ||||
Proceeds from disposal of businesses, net of cash disposed | ||||||
478 | 1,259 | 1,726 | ||||
Proceeds from loan repayments | ||||||
349 | 68 | 110 | ||||
Net cash used in investing activities | ||||||
-14,077 | -14,753 | -17,300 | ||||
Financing activities | ||||||
Net issue (repurchase) of shares | ||||||
343 | 0 | 0 | ||||
Proceeds from long-term financing | ||||||
8,712 | 12,442 | 8,173 | ||||
Repayments of long-term financing | ||||||
6,276 | 6,685 | 6,426 | ||||
Net increase (decrease) in short-term debt | ||||||
-158 | 51 | 473 | ||||
Net increase (decrease) in non-controlling interests | ||||||
1,063 | 887 | -5 | ||||
Dividends paid | ||||||
BP shareholders | ||||||
6,153 | 4,611 | 6,659 | ||||
Non-controlling interests | ||||||
141 | 107 | 91 | ||||
Net cash provided by (used in) financing activities | ||||||
-3,296 | 1,977 | -4,535 | ||||
Currency translation differences relating to cash and cash equivalents | ||||||
544 | -820 | -672 | ||||
Increase (decrease) in cash and cash equivalents | ||||||
2,102 | -2,905 | -3,374 | ||||