v3.25.2
Property, plant and equipment
 12 Months Ended
Dec. 31, 2024
Property, plant and equipment [abstract]  
Property, Plant and Equipment Property, plant and equipment
2024 [A]
$ million
Exploration and productionManufacturing,
supply and
distribution
Exploration
and evaluation		ProductionOtherTotal
Cost
At January 18,635285,670113,06947,696455,070
Additions1,17412,8358,2564,18126,446
Sales, retirements and other movements [B](2,390)(22,324)(15,636)(3,430)(43,780)
Currency translation differences(205)(3,156)(1,782)(1,847)(6,990)
At December 317,214273,025103,90746,600430,746
Depreciation, depletion and amortisation, including impairments
At January 13,323174,97363,82618,113260,235
Charge for the year [C]
15915,0046,6523,73925,554
Sales, retirements and other movements [B](243)(17,540)(16,096)(2,618)(36,497)
Currency translation differences(133)(1,591)(1,281)(760)(3,765)
At December 313,106170,84653,10118,474245,527
Carrying amount at December 314,108102,17950,80628,126185,219
[A]Includes right-of-use assets under leases. (See Note 22).
[B]Includes the reclassification of assets classified as held for sale. (See Note 19).
[C]Includes impairment losses and reversals. (See Note 13).
12. Property, plant and equipment continued

2023 [A]
$ million
Exploration and production
Manufacturing, supply and distribution
Exploration
and evaluation		ProductionOtherTotal
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 22).
[B]Includes the reclassification of assets classified as held for sale. (See Note 19).
[C]Reclassifications of right-of-use assets. (See Note 22).
[D]Includes impairment losses and reversals. (See Note 13).
The carrying amount of property, plant and equipment at December 31, 2024, included $27,852 million (2023: $28,135 million) of assets under construction. This amount excludes exploration and evaluation assets. Assets under construction mainly include projects in Integrated Gas in Canada and Australia and projects in Upstream in the USA and Malaysia.
The carrying amount of exploration and production assets at December 31, 2024, included rights and concessions in respect of proved and unproved properties of $5,411 million (2023: $6,097 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, 2024, amounted to $7,815 million of which $2,914 million related to lease commitments.
Capitalised exploration drilling costs
$ million
202420232022
At January 13,1362,9113,015
Additions pending determination of proved reserves1,1041,9671,298
Amounts charged to expense(1,622)(868)(881)
Reclassifications to productive wells on determination of proved reserves(333)(874)(531)
Other movements [A]
(231)—10
At December 312,0543,1362,911
[A] Includes the reclassification of assets classified as held for sale. (See Note 19).
ProjectsWells
Number$ millionNumber$ million
Between 1 and 5 years1538828388
Between 6 and 10 years1477822720
Between 11 and 15 years1021417260
Between 16 and 20 years334446
Total [A]
421,414711,414
[A] Number of projects increased by 13 as some of the individual wells moved to stand-alone projects.
Exploration drilling costs capitalised for periods greater than one year at December 31, 2024, analysed according to the most recent year of activity, are presented in the table above. These comprise $116 million relating to four projects where drilling activities were under way or firmly planned for the future, and $1,298 million relating to 38 projects awaiting development concepts.