v3.25.2
Taxation - Summary of Reconciliation of Applicable Tax Charge Credit at Statutory Tax Rates to Taxation Charge (Details) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Reconciliation of accounting profit multiplied by applicable tax rates [abstract]      
Income before taxation $ 32,627 $ 64,815 $ 29,829
Less: share of profit of joint ventures and associates (3,725) (3,972) (4,097)
Income before taxation and share of profit of joint ventures and associates 28,902 60,843 25,732
Applicable tax charge at standard statutory tax rates 11,921 22,170 10,097
Adjustments in respect of prior periods (12) (424) (1,036)
Tax effects of:      
Expenses not deductible for tax purposes 1,225 849 893
Incentives for investment and development (553) (1,388) (467)
Derecognition/(recognition) of deferred tax assets 243 (457) (113)
Changes in tax rates and legislation 242 785 10
Income not subject to tax at standard statutory rates (213) 234 90
Disposals (113) 39 (328)
Exchange rate differences 89 (102) 53
Other reconciling items 162 235 0
Total taxation charge $ 12,991 $ 21,941 $ 9,199
Weighted average of statutory tax rates 41.00% 36.00% 39.00%
Effective tax rate based on income before taxation 40.00% 34.00% 31.00%
Effective tax rate based on income before taxation excluding share of profit of joint ventures and associates 45.00% 36.00% 36.00%