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Net capital investment

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NET CAPITAL INVESTMENT

$ MILLION

 

2013

2012

2011

2010

2009

[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, joint ventures and associates and other investments (excluding those in the Corporate sector).

Capital expenditure

 

 

 

 

 

Upstream

 

 

 

 

 

Europe

5,569

2,479

1,731

1,892

3,117

Asia

6,336

3,323

4,836

4,538

6,955

Oceania

5,670

5,386

3,248

1,719

910

Africa

2,644

1,706

1,732

1,665

937

North America – USA

8,243

10,963

5,859

8,809

3,703

North America – Other

2,941

3,343

2,877

3,397

4,199

South America

3,230

730

398

303

443

Total Upstream

34,633

27,930

20,681

22,323

20,264

Downstream

 

 

 

 

 

Oil products

4,107

3,558

4,845

3,714

3,994

Chemicals

1,195

875

634

809

1,985

Total Downstream

5,302

4,433

5,479

4,523

5,979

Corporate

210

213

141

94

273

Total capital expenditure

40,145

32,576

26,301

26,940

26,516

Exploration expense

2,506

2,114

1,462

1,214

1,186

Leases and other adjustments [A]

1,852

(957)

1,402

358

1,078

New equity in joint ventures and associates

856

2,410

1,466

1,646

1,270

New loans to joint ventures and associates

682

618

420

404

1,685

Total capital investment

46,041

36,761

31,051

30,562

31,735

Proceeds from divestments [B]

 

 

 

 

 

Upstream

1,086

5,859

4,280

4,487

1,625

Downstream

643

1,179

3,206

2,401

1,278

Corporate

9

(80)

62

(6)

(50)

Total

1,738

6,958

7,548

6,882

2,853

Total net capital investment*

44,303

29,803

23,503

23,680

28,882

* Comprising

 

 

 

 

 

Upstream**

39,217

25,320

19,083

21,222

22,326

Europe

5,901

2,444

1,822

2,758

2,710

Asia

8,321

3,466

4,875

4,706

6,988

Oceania

5,850

4,563

3,753

35

1,531

Africa

2,643

1,239

793

998

2,322

North America – USA

9,248

10,901

4,581

9,046

4,052

North America – Other

3,127

1,989

3,320

3,384

4,128

South America

4,127

718

(61)

295

595

Downstream

4,885

4,275

4,342

2,358

6,232

Oil products

3,749

3,490

3,793

1,714

4,638

Chemicals

1,136

785

549

644

1,594

Corporate

201

208

78

100

324

Total

44,303

29,803

23,503

23,680

28,882

** Of which integrated gas

10,535

4,482

4,537

2,890

5,119