v3.25.2
CONSOLIDATED STATEMENT OF CHANGES IN EQUITY - USD ($)
$ in Millions
Total
Total
Number of shares
Shares held in trust
Other reserves
Retained earnings
Non- controlling interest
Beginning balance at Dec. 31, 2021 $ 175,326 $ 171,966 $ 641 $ (610) $ 18,909 $ 153,026 $ 3,360
Comprehensive income for the period 44,954 44,333     2,024 42,309 621
Transfer from other comprehensive income 0 0     (34) 34  
Dividends [1] (7,489) (7,283)       (7,283) (206)
Repurchases of shares (18,547) (18,547) (57)   57 (18,547)  
Share-based compensation 191 191   (116) 176 131  
Other changes (1,838) (188)       (188) (1,650)
Ending balance at Dec. 31, 2022 192,597 190,472 584 (726) 21,132 169,482 2,125
Comprehensive income for the period 19,588 19,276     (83) 19,359 312
Transfer from other comprehensive income 0 0     (112) 112  
Dividends [1] (9,153) (8,389)       (8,389) (764)
Repurchases of shares (14,571) (14,571) (40)   40 (14,571)  
Share-based compensation (188) (188)   (271) 168 (85)  
Other changes 89 7       7 82
Ending balance at Dec. 31, 2023 188,362 186,607 544 (997) 21,145 165,915 1,755
Comprehensive income for the period 14,785 14,379     (1,715) 16,094 406
Transfer from other comprehensive income 0 0     193 (193)  
Dividends [1] (8,976) (8,668)       (8,668) (308)
Repurchases of shares [2] (14,057) (14,057) (34)   34 (14,057)  
Share-based compensation (51) (51)   194 109 (354)  
Other changes 105 97       97 8
Ending balance at Dec. 31, 2024 $ 180,168 $ 178,307 $ 510 $ (803) $ 19,766 $ 158,834 $ 1,861
[1] The amount charged to retained earnings is based on prevailing exchange rates on the payment date.
[2] Includes shares committed to repurchase under irrevocable contracts and repurchases subject to settlement at the end of the year. (See Note 27).