Disclosure of detailed information about operating segments |
| | | | | | | | | | | | | | | | | | 2023 | | | | | | | | | | | $ billion | | Goodwill | Other intangible assets | Property, plant and equipment | Joint ventures and associates | Total | Integrated Gas | 4.9 | 3.2 | 57.7 | 6.1 | 71.9 | Upstream | 5.4 | 0.3 | 70.9 | 7.6 | 84.2 | Chemicals and Products | 0.3 | 2.4 | 36.9 | 4.0 | 43.6 | Marketing | 4.4 | 2.9 | 22.2 | 4.7 | 34.2 | Renewables and Energy Solutions | 1.7 | 1.5 | 4.8 | 2.0 | 10.0 | Corporate | — | — | 2.3 | 0.1 | 2.4 | Total | 16.7 | 10.3 | 194.8 | 24.5 | 246.3 | 4. Climate change and energy transition continued
| | | | | | | | | | | | | | | | | | 2022 | | | | | | | | | | | $ billion | | Goodwill | Other intangible assets | Property, plant and equipment | Joint ventures and associates | Total | Integrated Gas | 4.9 | 3.9 | 60.8 | 5.6 | 75.2 | Upstream | 5.3 | 0.2 | 74.5 | 7.7 | 87.7 | Chemicals and Products | 0.3 | 2.1 | 38.1 | 4.2 | 44.7 | Marketing | 3.3 | 1.8 | 19.1 | 4.4 | 28.6 | Renewables and Energy Solutions | 2.2 | 1.6 | 3.2 | 1.9 | 8.9 | Corporate | — | 0.1 | 2.9 | 0.1 | 3.1 | Total | 16.0 | 9.7 | 198.6 | 23.9 | 248.2 |
Information by segment on a current cost of supplies basis is as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | $ million | | Integrated Gas | Upstream | Marketing | Chemicals and Products | Renewables and Energy Solutions | Corporate | Total | | Revenue: | | | | | | | | | Third-party | 37,645 | 6,475 | 108,858 | 118,781 | 44,819 | 42 | 316,620 | [A] | Inter-segment | 11,560 | 41,230 | 624 | 2,252 | 4,707 | — | 60,373 | | Share of profit/(loss) of joint ventures and associates (CCS basis) | 1,951 | 768 | 548 | 590 | (96) | (3) | 3,758 | | Interest and other income, of which: | 137 | 671 | 76 | 61 | 75 | 1,818 | 2,838 | | Interest income | 6 | 27 | 9 | 57 | 12 | 2,202 | 2,313 | | Net gains/(losses) on sale and revaluation of non-current assets and businesses | (22) | 209 | 16 | (61) | 110 | 5 | 257 | | Other | 153 | 435 | 51 | 65 | (47) | (389) | 268 | | Third-party and inter-segment purchases (CCS basis) | 27,356 | 7,890 | 94,614 | 102,396 | 40,170 | 15 | 272,441 | | Operating expenses, of which: | 4,823 | 9,845 | 9,336 | 11,483 | 3,831 | 642 | 39,960 | | Production and manufacturing expenses | 4,529 | 9,186 | 949 | 7,908 | 2,610 | 58 | 25,240 | | Selling, distribution and administrative expenses | 168 | 163 | 8,137 | 3,323 | 1,058 | 584 | 13,433 | | Research and development expenses | 126 | 496 | 250 | 252 | 163 | — | 1,287 | | Exploration expenses | 216 | 1,534 | — | — | — | — | 1,750 | | Depreciation, depletion and amortisation charge, of which: | 8,903 | 12,463 | 2,335 | 6,411 | 1,159 | 19 | 31,290 | | Impairment losses | 3,472 | 1,360 | 420 | 2,787 | 908 | — | 8,947 | [B] | Impairment reversals | (324) | (206) | (1) | (90) | (141) | — | (762) | [C] | Interest expense | 146 | 507 | 52 | 62 | 4 | 3,902 | 4,673 | | Taxation charge/(credit) (CCS basis) | 2,803 | 8,377 | 819 | (198) | 1,303 | 90 | 13,194 | | CCS earnings | 7,046 | 8,528 | 2,950 | 1,530 | 3,038 | (2,811) | 20,281 | |
[A]Includes $15,607 million of revenue from sources other than from contracts with customers, which mainly comprises the impact of fair value accounting of commodity derivatives. This amount includes both the reversal of prior gains of $4,689 million related to sales contracts and prior losses of $2,074 million related to purchase contracts that were previously recognised and where physical settlement has taken place during 2023. [B]Impairment losses comprise Property, plant and equipment ($8,182 million), Goodwill ($635 million) and Other intangible assets ($130 million). (See Note 12). [C]Impairment reversals comprise Property, plant and equipment ($627 million) and Other intangible assets ($135 million). (See Note 12). 7. Segment information continued
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | $ million | | Integrated Gas | | Upstream | Marketing | Chemicals and Products | Renewables and Energy Solutions | Corporate | Total | | Revenue: | | | | | | | | | | Third-party | 54,751 | | 8,352 | 120,638 | 144,342 | 53,190 | 41 | 381,314 | [A] | Inter-segment | 18,412 | | 52,285 | 606 | 2,684 | 6,791 | — | 80,778 | | Share of profit/(loss) of joint ventures and associates (CCS basis) | 1,219 | | 2,111 | 237 | 374 | (7) | (4) | 3,930 | | Interest and other income, of which: | (714) | | 726 | (104) | 244 | 57 | 706 | 915 | | Interest income | 43 | | 22 | — | 24 | (2) | 959 | 1,046 | | Net gains on sale and revaluation of non-current assets and businesses | 101 | | 437 | (186) | 282 | 8 | — | 642 | | Other | (858) | [B] | 267 | 82 | (62) | 51 | (253) | (773) | | Third-party and inter-segment purchases (CCS basis) | 37,785 | | 10,666 | 108,012 | 127,521 | 57,024 | (28) | 340,980 | | Operating expenses, of which: | 5,237 | | 10,365 | 8,383 | 11,362 | 3,590 | 539 | 39,476 | | Production and manufacturing expenses | 4,907 | | 9,676 | 810 | 7,583 | 2,520 | 22 | 25,518 | | Selling, distribution and administrative expenses | 218 | | 233 | 7,351 | 3,592 | 972 | 517 | 12,883 | | Research and development expenses | 112 | | 456 | 222 | 187 | 98 | — | 1,075 | | Exploration expenses | 240 | | 1,472 | — | — | — | — | 1,712 | | Depreciation, depletion and amortisation charge, of which: | 2,211 | | 10,334 | 1,900 | 3,289 | 777 | 18 | 18,529 | | Impairment losses | 115 | | 950 | 480 | 356 | 412 | — | 2,313 | [C] | Impairment reversals | (3,449) | | (2,504) | (151) | (73) | — | — | (6,177) | [D] | Interest expense | 84 | | 345 | 46 | 22 | 2 | 2,682 | 3,181 | | Taxation charge/(credit) (CCS basis) | 5,899 | | 14,070 | 903 | 935 | (303) | (7) | 21,497 | | CCS earnings | 22,212 | | 16,222 | 2,133 | 4,515 | (1,059) | (2,461) | 41,562 | |
[A]Includes $11,708 million of revenue from sources other than from contracts with customers, which mainly comprises the impact of fair value accounting of commodity derivatives. This amount includes both the reversal of prior losses of $9,815 million related to sales contracts and prior gains of $7,201 million related to purchase contracts that were previously recognised and where physical settlement had taken place during 2022. [B]Includes the full write-down of the Nord Stream 2 loan amounting to $1,126 million as a result of the withdrawal from Russian oil and gas activities. [C]Impairment losses comprise Property, plant and equipment ($1,799 million), Goodwill ($361 million) and Other intangible assets ($153 million). (See Note 12). [D]Impairment reversals fully comprise Property, plant and equipment. (See Note 12). 7. Segment information continued
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | $ million | | Integrated Gas | Upstream | Marketing | Chemicals and Products | Renewables and Energy Solutions | Corporate | Total | | Revenue: | | | | | | | | | Third-party | 29,922 | 9,182 | 83,494 | 116,448 | 22,415 | 43 | 261,504 | [A] | Inter-segment | 8,072 | 35,789 | 254 | 1,890 | 4,675 | — | 50,680 | | Share of profit/(loss) of joint ventures and associates (CCS basis) | 1,933 | 632 | 385 | 989 | (27) | 1 | 3,913 | | Interest and other income, of which: | 1,596 | 4,592 | 278 | 37 | 200 | 353 | 7,056 | | Interest income | — | 37 | 3 | 36 | 4 | 431 | 511 | | Net gains on sale and revaluation of non-current assets and businesses | 1,610 | 4,130 | 285 | (24) | (6) | — | 5,995 | | Other | (14) | 425 | (10) | 25 | 202 | (78) | 550 | | Third-party and inter-segment purchases (CCS basis) | 20,188 | 9,094 | 70,745 | 103,294 | 26,048 | (5) | 229,364 | | Operating expenses, of which: | 4,526 | 10,322 | 7,501 | 10,347 | 2,745 | 524 | 35,965 | | Production and manufacturing expenses | 4,194 | 9,797 | 950 | 6,815 | 2,098 | (32) | 23,822 | | Selling, distribution and administrative expenses | 231 | 186 | 6,384 | 3,375 | 596 | 556 | 11,328 | | Research and development expenses | 101 | 339 | 167 | 157 | 51 | — | 815 | | Exploration expenses | 122 | 1,301 | — | — | — | — | 1,423 | | Depreciation, depletion and amortisation charge, of which: | 5,908 | 13,485 | 1,700 | 5,485 | 326 | 17 | 26,921 | | Impairment losses | 723 | 920 | 129 | 2,248 | 45 | — | 4,065 | [B] | Impairment reversals | (204) | (9) | (1) | — | — | — | (214) | [C] | Interest expense | 71 | 333 | 27 | 44 | — | 3,132 | 3,607 | | Taxation charge/(credit) (CCS basis) | 2,648 | 6,057 | 903 | (210) | (342) | (665) | 8,391 | | CCS earnings | 8,060 | 9,603 | 3,535 | 404 | (1,514) | (2,606) | 17,482 | |
[A]Includes $126 million of revenue from sources other than from contracts with customers, which mainly comprises the impact of fair value accounting of commodity derivatives. This amount includes both the reversal of prior losses of $4,824 million related to sales contracts and prior gains of $4,892 million related to purchase contracts that were previously recognised and where physical settlement had taken place during 2021. [B]Impairment losses comprise Property, plant and equipment ($3,894 million), Goodwill ($167 million) and Other intangible assets ($4 million). (See Note 12). [C]Impairment reversals fully comprise Property, plant and equipment. (See Note 12). Cash capital expenditure Cash capital expenditure is a measure used by the Chief Executive Officer for the purposes of making decisions about allocating resources and assessing performance. | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | $ million | | Integrated Gas | Upstream | Marketing | Chemicals and Products | Renewables and Energy Solutions | Corporate | Total | | Capital expenditure | 3,491 | 8,249 | 5,563 | 3,106 | 2,314 | 270 | 22,993 | [A] | Investments in joint ventures and associates | 705 | 94 | 49 | 84 | 261 | 9 | 1,202 | [A] | Investments in equity securities | — | — | — | 2 | 106 | 89 | 197 | [A] | Cash capital expenditure* | 4,196 | 8,343 | 5,612 | 3,192 | 2,681 | 368 | 24,392 | |
[A]See Consolidated Statements of Cash Flows. * Non-GAAP measure (see page 329). 7. Segment information continued
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | $ million | | Integrated Gas | Upstream | Marketing | Chemicals and Products | Renewables and Energy Solutions | Corporate | Total | | Capital expenditure | 3,433 | 8,020 | 4,527 | 3,835 | 2,610 | 175 | 22,600 | [A] | Investments in joint ventures and associates | 832 | 123 | 304 | 2 | 703 | 9 | 1,973 | [A] | Investments in equity securities | — | — | — | 1 | 156 | 103 | 260 | [A] | Cash capital expenditure* | 4,265 | 8,143 | 4,831 | 3,838 | 3,469 | 287 | 24,833 | |
[A]See Consolidated Statements of Cash Flows.
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | $ million | | Integrated Gas | Upstream | Marketing | Chemicals and Products | Renewables and Energy Solutions | Corporate | Total | | Capital expenditure | 3,306 | 6,277 | 2,122 | 5,091 | 2,069 | 135 | 19,000 | [A] | Investments in joint ventures and associates | 196 | (109) | 148 | 80 | 154 | 10 | 479 | [A] | Investments in equity securities | — | — | 3 | 4 | 136 | 75 | 218 | [A] | Cash capital expenditure* | 3,502 | 6,168 | 2,273 | 5,175 | 2,359 | 220 | 19,697 | |
[A]See Consolidated Statements of Cash Flows.
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Summary of information by geographical area |
Information by geographical area is as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | | $ million | | Europe | | Asia, Oceania, Africa | USA | Other Americas | Total | Third-party revenue, by origin | 118,135 | [A] | 99,967 | 70,291 | 28,227 | 316,620 | Goodwill, other intangible assets, property, plant and equipment, joint ventures and associates at December 31 | 48,008 | [B] | 91,374 | 57,261 | 49,562 | 246,205 |
[A]Includes $44,815 million that originated from the UK. [B]Includes $21,478 million located in the UK. | | | | | | | | | | | | | | | | | | | | | | | $ million | | Europe | | Asia, Oceania, Africa | USA | Other Americas | Total | Third-party revenue, by origin | 135,975 | [A] | 126,643 | 87,085 | 31,611 | 381,314 | Goodwill, other intangible assets, property, plant and equipment, joint ventures and associates at December 31 | 40,161 | [B] | 97,019 | 59,233 | 51,794 | 248,207 |
[A]Includes $50,236 million that originated from the UK. [B]Includes $20,772 million located in the UK. | | | | | | | | | | | | | | | | | | | | | | | | | | | $ million | | Europe | | Asia, Oceania, Africa | USA | Other Americas | Total | Third-party revenue, by origin | 78,549 | [A] | 87,070 | 73,647 | 22,238 | 261,504 | Goodwill, other intangible assets, property, plant and equipment, joint ventures and associates at December 31 | 38,881 | [B] | 97,278 | 58,286 | 48,595 | 243,040 |
[A]Includes $21,846 million that originated from the UK. [B]Includes $21,974 million located in the UK.
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