v3.26.1
Analysis of replacement cost profit (loss) before interest and tax and reconciliation to profit (loss) before taxation
 6 Months Ended
Jun. 30, 2026
Disclosure of operating segments [abstract]  
Analysis of replacement cost profit (loss) before interest and tax and reconciliation to profit (loss) before taxation Analysis of replacement cost profit (loss) before interest and tax and reconciliation to profit (loss) before taxation
SecondSecondFirstFirst
quarterquarterhalfhalf
$ million2026202520262025
gas & low carbon energy1,564 1,047 2,618 2,405 
oil production & operations
3,397 1,916 5,052 4,704 
customers & products5,100 972 7,552 1,075 
other businesses & corporate(250)645 (1,105)623 
9,811 4,580 14,117 8,807 
Consolidation adjustment – UPII*— 30 21 43 
9,811 4,610 14,138 8,850 
Inventory holding gains (losses)*
gas & low carbon energy— — — — 
oil production & operations
(1)(2)6 5 
customers & products(869)(552)3,283 (400)
Profit (loss) before interest and tax8,941 4,056 17,427 8,455 
Finance costs1,175 1,229 2,350 2,550 
Net finance expense/(income) relating to pensions and other post-employment benefits(55)(56)(109)(108)
Profit (loss) before taxation7,821 2,883 15,186 6,013 
RC profit (loss) before interest and tax*
US3,727 1,417 5,248 2,950 
Non-US6,084 3,193 8,890 5,900 
9,811 4,610 14,138 8,850