v3.25.2
Property, plant and equipment
12 Months Ended
Dec. 31, 2023
Property, plant and equipment [abstract]  
Property, Plant and Equipment Property, plant and equipment
2023 [A]
$ million
Exploration and production
Exploration
and evaluation
ProductionManufacturing,
supply and
distribution
OtherTotal
Cost
At January 111,565277,016106,78539,595434,961
Additions2,16110,7315,9107,02925,831
Sales, retirements and other movements [B](5,164)(1,153)(1,016)(1,387)(8,720)
Reclassifications [C]
(2,779)5272,252
Currency translation differences731,8558632072,998
At December 318,635285,670113,06947,696455,070
Depreciation, depletion and amortisation, including impairments
At January 15,162159,66256,90114,594236,319
Charge for the year [D]
73118,2028,2952,68729,915
Sales, retirements and other movements [B](2,609)(2,000)(2,083)(1,394)(8,086)
Reclassifications [C]
(2,217)632,154
Currency translation differences391,326650722,087
At December 313,323174,97363,82618,113260,235
Carrying amount at December 315,312110,69749,24329,583194,835
[A]Includes right-of-use assets under leases. (See Note 21).
[B]Includes the reclassification of assets classified as held for sale. (See Note 18).
[C]Reclassifications of right-of-use assets. (See Note 21).
[D]Includes impairment losses and reversals. (See Note 12).
2022 [A]
$ million
Exploration and production
Exploration
and evaluation
ProductionManufacturing,
supply and
distribution
OtherTotal
Cost
At January 112,679285,903104,18234,005436,769
Additions1,56411,9546,9287,80828,254
Sales, retirements and other movements [B](2,469)(14,541)(2,548)(242)(19,800)
Currency translation differences(209)(6,300)(1,777)(1,976)(10,262)
At December 3111,565277,016106,78539,595434,961
Depreciation, depletion and amortisation, including impairments
At January 15,580167,53055,13113,596241,837
Charge for the year [C]3979,7095,1492,05517,310
Sales, retirements and other movements [B](765)(13,207)(2,054)(396)(16,422)
Currency translation differences(50)(4,370)(1,325)(661)(6,406)
At December 315,162159,66256,90114,594236,319
Carrying amount at December 316,403117,35449,88425,001198,642
[A]Includes right-of-use assets under leases. (See Note 21).
[B]Includes the reclassification of assets classified as held for sale. (See Note 18).
[C]Includes impairment losses and reversals. (See Note 12).
11. Property, plant and equipment continued
The carrying amount of property, plant and equipment at December 31, 2023, included $28,135 million (2022: $27,277 million) of assets under construction. This amount excludes exploration and evaluation assets.
The carrying amount of exploration and production assets at December 31, 2023, included rights and concessions in respect of proved and unproved properties of $6,097 million (2022: $7,662 million). Exploration and evaluation assets principally comprise rights and concessions in respect of unproved properties and capitalised exploration drilling costs.
The total contractual commitments for the purchase and lease of property, plant and equipment at December 31, 2023, amounted to $12,419 million of which $8,594 million related to lease commitments.
Capitalised exploration drilling costs
$ million
202320222021
At January 12,9113,0153,654
Additions pending determination of proved reserves1,9671,2981,024
Amounts charged to expense(868)(881)(639)
Reclassifications to productive wells on determination of proved reserves(874)(531)(577)
Other movements10(447)
At December 313,1362,9113,015
ProjectsWells
Number$ millionNumber$ million
Between 1 and 5 years1372114353
Between 6 and 10 years670422708
Between 11 and 15 years26920390
Between 16 and 20 years21248167
Total231,618641,618
Exploration drilling costs capitalised for periods greater than one year at December 31, 2023, analysed according to the most recent year of activity, are presented in the table above. These comprise $273 million relating to five projects where drilling activities were under way or firmly planned for the future, and $1,345 million relating to 18 projects awaiting development concepts.