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Net capital investment

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NET CAPITAL INVESTMENT

$ MILLION

 

2012

2011

2010

2009

2008

[A]

Includes finance leases and other adjustments related to timing differences between the recognition of assets and associated underlying cash flows.

[B]

Includes proceeds from the sale of assets, equity-accounted investments and securities, as shown in the Consolidated statement of cash flows.

Capital expenditure

 

 

 

 

 

Upstream

 

 

 

 

 

Europe

2,455

1,731

1,892

3,117

2,689

Asia-Pacific

7,037

5,683

2,794

2,010

1,720

Other

3,402

4,133

5,128

6,792

9,069

Upstream International

12,894

11,547

9,814

11,919

13,478

Upstream Americas

15,036

9,134

12,509

8,345

15,469

Total Upstream

27,930

20,681

22,323

20,264

28,947

Downstream

 

 

 

 

 

Oil products

3,558

4,845

3,714

3,994

3,796

Chemicals

875

634

809

1,985

2,081

Total Downstream

4,433

5,479

4,523

5,979

5,877

Corporate

213

141

94

273

241

Total capital expenditure

32,576

26,301

26,940

26,516

35,065

Exploration expense

2,114

1,462

1,214

1,186

1,447

Leases and other adjustments [A]

(957)

1,402

358

1,078

47

New equity in equity-accounted investments

2,410

1,466

1,646

1,270

1,294

New loans to equity-accounted investments

618

420

404

1,685

591

Total capital investment

36,761

31,051

30,562

31,735

38,444

Proceeds from divestments [B]

 

 

 

 

 

Upstream

5,859

4,280

4,487

1,625

3,909

Downstream

1,179

3,206

2,401

1,278

2,932

Corporate

(80)

62

(6)

(50)

182

Total

6,958

7,548

6,882

2,853

7,023

Total net capital investment *

29,803

23,503

23,680

28,882

31,421

* Comprising

 

 

 

 

 

Upstream**

25,320

19,083

21,222

22,326

28,257

Upstream International

11,712

11,243

8,497

13,564

12,324

Upstream Americas

13,608

7,840

12,725

8,762

15,933

Downstream

4,275

4,342

2,358

6,232

3,104

Oil products

3,490

3,793

1,714

4,638

1,343

Chemicals

785

549

644

1,594

1,761

Corporate

208

78

100

324

60

Total

29,803

23,503

23,680

28,882

31,421

** Of which integrated gas

4,482

4,537

2,890

5,119

6,999