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, 2024
Dec. 31, 2023
Dec. 31, 2022
Reconciliation of accounting profit multiplied by applicable tax rates [abstract]      
Income before taxation $ 29,922 $ 32,627 $ 64,815
Less: share of profit of joint ventures and associates (2,993) (3,725) (3,972)
Income before taxation and share of profit of joint ventures and associates 26,929 28,902 60,843
Applicable tax charge at standard statutory tax rates 11,782 11,921 22,170
Adjustments in respect of prior periods 132 (12) (424)
Tax effects of:      
Expenses not deductible for tax purposes 747 1,225 849
Incentives for investment and development (374) (553) (1,388)
Derecognition/(recognition) of deferred tax assets 255 243 (457)
Changes in tax rates and legislation 112 242 785
Income not subject to tax at standard statutory rates 360 (213) 234
Disposals (134) (113) 39
Exchange rate differences (12) 89 (102)
Other reconciling items 533 162 235
Total taxation charge $ 13,401 $ 12,991 $ 21,941
Weighted average of statutory tax rates 44.00% 41.00% 36.00%
Effective tax rate based on income before taxation 45.00% 40.00% 34.00%
Effective tax rate based on income before taxation excluding share of profit of joint ventures and associates 50.00% 45.00% 36.00%