Oil and gas exploration and production activities earnings
The results of operations for oil and gas producing activities are shown in the tables below.
|
|
|
|
|
North America |
South America |
|
|||
---|---|---|---|---|---|---|---|---|---|---|
|
Europe |
Asia |
Oceania |
Africa |
USA |
Other[A] |
Total |
|||
Revenue |
|
|
|
|
|
|
|
|
||
Third parties |
1,257 |
3,065 |
931 |
1,936 |
2,638 |
632 |
844 |
11,303 |
||
Sales between businesses |
4,911 |
10,526 |
4,719 |
3,289 |
7,786 |
1,936 |
7,647 |
40,814 |
||
Total |
6,168 |
13,591 |
5,650 |
5,225 |
10,424 |
2,568 |
8,491 |
52,117 |
||
Production costs excluding taxes |
1,582 |
2,065 |
1,178 |
1,062 |
2,807 |
983 |
1,135 |
10,812 |
||
Taxes other than income tax |
94 |
749 |
136 |
370 |
103 |
– |
2,613 |
4,065 |
||
Exploration |
619 |
583 |
107 |
187 |
411 |
159 |
288 |
2,354 |
||
Depreciation, depletion and amortisation |
2,604 |
2,130 |
1,957 |
1,354 |
6,932 |
858 |
3,929 |
19,764 |
||
Other costs/(income) |
(20) |
1,599 |
(105) |
121 |
(575) |
818 |
1,379 |
3,217 |
||
Earnings before taxation |
1,289 |
6,465 |
2,377 |
2,131 |
746 |
(250) |
(853) |
11,905 |
||
Taxation charge/(credit) |
848 |
4,013 |
1,094 |
1,431 |
154 |
(110) |
(78) |
7,352 |
||
Earnings after taxation |
441 |
2,452 |
1,283 |
700 |
592 |
(140) |
(775) |
4,553 |
||
|
|
|
|
|
|
|
|
|
||
$/boe |
||||||||||
Revenue |
55.20 |
41.37 |
43.92 |
41.56 |
43.75 |
37.43 |
46.86 |
44.08 |
||
Production costs excluding taxes |
14.16 |
6.29 |
9.16 |
8.45 |
11.78 |
14.33 |
6.26 |
9.14 |
||
Taxes other than income tax |
0.84 |
2.28 |
1.06 |
2.94 |
0.43 |
– |
14.42 |
3.44 |
||
Exploration |
5.54 |
1.77 |
0.83 |
1.49 |
1.72 |
2.32 |
1.59 |
1.99 |
||
Depreciation, depletion and amortisation |
23.30 |
6.48 |
15.21 |
10.77 |
29.09 |
12.51 |
21.68 |
16.72 |
||
Other costs/(income) |
(0.18) |
4.87 |
(0.82) |
0.96 |
(2.41) |
11.92 |
7.61 |
2.72 |
||
Earnings before taxation |
11.54 |
19.68 |
18.48 |
16.95 |
3.13 |
(3.64) |
(4.71) |
10.07 |
||
Taxation charge/(credit) |
7.59 |
12.21 |
8.50 |
11.38 |
0.65 |
(1.60) |
(0.43) |
6.22 |
||
Earnings after taxation |
3.95 |
7.46 |
9.97 |
5.57 |
2.48 |
(2.04) |
(4.28) |
3.85 |
||
|
|
|
|
|
|
North America |
South America |
|
|||
---|---|---|---|---|---|---|---|---|---|---|
|
Europe |
Asia |
Oceania |
Africa |
USA |
Other[A] |
Total |
|||
Revenue |
|
|
|
|
|
|
|
|
||
Third parties |
1,875 |
3,364 |
1,389 |
2,401 |
2,165 |
507 |
1,023 |
12,724 |
||
Sales between businesses |
6,705 |
11,284 |
4,683 |
3,586 |
7,716 |
1,946 |
7,154 |
43,074 |
||
Total |
8,580 |
14,648 |
6,072 |
5,987 |
9,881 |
2,453 |
8,177 |
55,798 |
||
Production costs excluding taxes |
2,262 |
2,143 |
1,073 |
1,093 |
2,573 |
1,069 |
1,401 |
11,614 |
||
Taxes other than income tax |
122 |
841 |
199 |
328 |
83 |
– |
2,767 |
4,340 |
||
Exploration |
277 |
149 |
78 |
144 |
341 |
114 |
237 |
1,340 |
||
Depreciation, depletion and amortisation |
2,684 |
2,301 |
1,571 |
1,394 |
4,543 |
(346) |
3,271 |
15,418 |
||
Other costs/(income) |
947 |
(180) |
(514) |
609 |
447 |
667 |
849 |
2,825 |
||
Earnings before taxation |
2,288 |
9,394 |
3,665 |
2,419 |
1,894 |
949 |
(348) |
20,261 |
||
Taxation charge/(credit) |
2,047 |
4,851 |
893 |
902 |
550 |
236 |
1,162 |
10,641 |
||
Earnings after taxation |
241 |
4,543 |
2,772 |
1,517 |
1,344 |
713 |
(1,510) |
9,620 |
||
|
|
|
|
|
|
|
|
|
||
$/boe |
||||||||||
Revenue |
57.00 |
44.54 |
47.62 |
45.21 |
49.06 |
32.54 |
50.24 |
47.33 |
||
Production costs excluding taxes |
15.03 |
6.52 |
8.41 |
8.25 |
12.78 |
14.18 |
8.61 |
9.85 |
||
Taxes other than income tax |
0.81 |
2.56 |
1.56 |
2.48 |
0.41 |
– |
17.00 |
3.68 |
||
Exploration |
1.84 |
0.45 |
0.61 |
1.09 |
1.69 |
1.51 |
1.46 |
1.14 |
||
Depreciation, depletion and amortisation |
17.83 |
7.00 |
12.32 |
10.53 |
22.56 |
(4.59) |
20.10 |
13.08 |
||
Other costs/(income) |
6.29 |
(0.55) |
(4.03) |
4.60 |
2.22 |
8.85 |
5.22 |
2.40 |
||
Earnings before taxation |
15.20 |
28.56 |
28.74 |
18.27 |
9.40 |
12.59 |
(2.14) |
17.19 |
||
Taxation charge/(credit) |
13.60 |
14.75 |
7.00 |
6.81 |
2.73 |
3.13 |
7.14 |
9.03 |
||
Earnings after taxation |
1.60 |
13.81 |
21.74 |
11.45 |
6.67 |
9.46 |
(9.28) |
8.16 |
||
|
|
|
|
|
|
North America |
South America |
|
|||
---|---|---|---|---|---|---|---|---|---|---|
|
Europe |
Asia |
Oceania |
Africa |
USA |
Other[A] |
Total |
|||
Revenue |
|
|
|
|
|
|
|
|
||
Third parties |
1,193 |
2,708 |
1,414 |
1,872 |
1,080 |
339 |
689 |
9,295 |
||
Sales between businesses |
7,120 |
9,061 |
2,400 |
3,218 |
5,119 |
2,938 |
5,245 |
35,101 |
||
Total |
8,313 |
11,769 |
3,814 |
5,090 |
6,199 |
3,277 |
5,934 |
44,396 |
||
Production costs excluding taxes |
2,509 |
2,469 |
1,110 |
1,365 |
2,558 |
1,571 |
1,218 |
12,800 |
||
Taxes other than income tax |
89 |
556 |
119 |
287 |
98 |
1 |
1,691 |
2,841 |
||
Exploration |
243 |
245 |
42 |
129 |
868 |
142 |
276 |
1,945 |
||
Depreciation, depletion and amortisation |
2,560 |
2,892 |
1,777 |
1,863 |
3,410 |
3,886 |
3,374 |
19,762 |
||
Other costs/(income) |
(157) |
1,073 |
(382) |
145 |
114 |
1,050 |
469 |
2,312 |
||
Earnings before taxation |
3,069 |
4,534 |
1,148 |
1,301 |
(849) |
(3,373) |
(1,094) |
4,736 |
||
Taxation charge/(credit) |
1,689 |
2,969 |
(202) |
(361) |
363 |
(1,486) |
(294) |
2,678 |
||
Earnings after taxation |
1,380 |
1,565 |
1,350 |
1,662 |
(1,212) |
(1,887) |
(800) |
2,058 |
||
|
|
|
|
|
|
|
|
|
||
$/boe |
||||||||||
Revenue |
43.71 |
36.72 |
31.76 |
35.57 |
39.13 |
38.70 |
39.36 |
38.02 |
||
Production costs excluding taxes |
13.19 |
7.70 |
9.24 |
9.54 |
16.15 |
18.55 |
8.08 |
10.96 |
||
Taxes other than income tax |
0.47 |
1.73 |
0.99 |
2.01 |
0.62 |
0.01 |
11.22 |
2.43 |
||
Exploration |
1.28 |
0.76 |
0.35 |
0.90 |
5.48 |
1.68 |
1.83 |
1.67 |
||
Depreciation, depletion and amortisation |
13.46 |
9.02 |
14.80 |
13.02 |
21.53 |
45.89 |
22.38 |
16.92 |
||
Other costs/(income) |
(0.83) |
3.35 |
(3.18) |
1.01 |
0.72 |
12.40 |
3.11 |
1.98 |
||
Earnings before taxation |
16.14 |
14.15 |
9.56 |
9.09 |
(5.36) |
(39.83) |
(7.26) |
4.06 |
||
Taxation charge/(credit) |
8.88 |
9.26 |
(1.68) |
(2.52) |
2.29 |
(17.55) |
(1.95) |
2.29 |
||
Earnings after taxation |
7.26 |
4.88 |
11.24 |
11.62 |
(7.65) |
(22.28) |
(5.31) |
1.76 |
||
|
|
|
|
|
|
North America |
South America |
|
|||
---|---|---|---|---|---|---|---|---|---|---|
|
Europe |
Asia |
Oceania |
Africa |
USA |
Other[A] |
Total |
|||
Revenue |
|
|
|
|
|
|
|
|
||
Third parties |
969 |
2,656 |
1,069 |
1,380 |
643 |
41 |
476 |
7,234 |
||
Sales between businesses |
5,816 |
7,284 |
1,438 |
3,138 |
3,960 |
3,789 |
2,980 |
28,405 |
||
Total |
6,785 |
9,940 |
2,507 |
4,518 |
4,603 |
3,830 |
3,456 |
35,639 |
||
Production costs excluding taxes |
2,565 |
2,212 |
805 |
1,468 |
3,348 |
2,230 |
865 |
13,493 |
||
Taxes other than income tax |
66 |
421 |
83 |
194 |
70 |
– |
790 |
1,624 |
||
Exploration |
250 |
408 |
70 |
356 |
438 |
291 |
295 |
2,108 |
||
Depreciation, depletion and amortisation |
3,270 |
3,304 |
1,130 |
2,019 |
4,372 |
1,953 |
2,881 |
18,928 |
||
Other costs/(income) |
1,925 |
1,606 |
(700) |
356 |
40 |
680 |
(173) |
3,734 |
||
Earnings before taxation |
(1,291) |
1,989 |
1,119 |
126 |
(3,665) |
(1,324) |
(1,202) |
(4,248) |
||
Taxation charge/(credit) |
(311) |
1,918 |
559 |
431 |
(1,351) |
(377) |
(1,032) |
(163) |
||
Earnings after taxation |
(980) |
71 |
560 |
(305) |
(2,314) |
(947) |
(170) |
(4,085) |
||
|
|
|
|
|
|
|
|
|
||
$/boe |
||||||||||
Revenue |
36.31 |
28.49 |
27.58 |
30.64 |
29.60 |
34.07 |
30.54 |
30.85 |
||
Production costs excluding taxes |
13.73 |
6.34 |
8.86 |
9.96 |
21.53 |
19.84 |
7.64 |
11.68 |
||
Taxes other than income tax |
0.35 |
1.21 |
0.91 |
1.32 |
0.45 |
– |
6.98 |
1.41 |
||
Exploration |
1.34 |
1.17 |
0.77 |
2.41 |
2.82 |
2.59 |
2.61 |
1.82 |
||
Depreciation, depletion and amortisation |
17.50 |
9.47 |
12.43 |
13.69 |
28.12 |
17.37 |
25.46 |
16.38 |
||
Other costs/(income) |
10.30 |
4.60 |
(7.70) |
2.41 |
0.26 |
6.05 |
(1.53) |
3.23 |
||
Earnings before taxation |
(6.91) |
5.70 |
12.31 |
0.85 |
(23.57) |
(11.78) |
(10.62) |
(3.68) |
||
Taxation charge/(credit) |
(1.66) |
5.50 |
6.15 |
2.92 |
(8.69) |
(3.35) |
(9.12) |
(0.14) |
||
Earnings after taxation |
(5.24) |
0.20 |
6.16 |
(2.07) |
(14.88) |
(8.42) |
(1.50) |
(3.54) |
||
|
|
|
|
|
|
North America |
South America |
|
|||
---|---|---|---|---|---|---|---|---|---|---|
|
Europe |
Asia |
Oceania |
Africa |
USA |
Other[A] |
Total |
|||
Revenue |
|
|
|
|
|
|
|
|
||
Third parties |
1,866 |
2,577 |
1,202 |
1,174 |
567 |
53 |
85 |
7,524 |
||
Sales between businesses |
5,707 |
8,040 |
418 |
3,737 |
4,941 |
4,045 |
535 |
27,423 |
||
Total |
7,573 |
10,617 |
1,620 |
4,911 |
5,508 |
4,098 |
620 |
34,947 |
||
Production costs excluding taxes |
2,490 |
2,163 |
541 |
1,570 |
3,039 |
2,612 |
343 |
12,758 |
||
Taxes other than income tax |
128 |
435 |
115 |
347 |
79 |
– |
63 |
1,167 |
||
Exploration |
261 |
1,255 |
195 |
161 |
3,336 |
164 |
347 |
5,719 |
||
Depreciation, depletion and amortisation |
2,769 |
3,047 |
478 |
1,733 |
6,259 |
6,570 |
687 |
21,543 |
||
Other costs/(income) |
779 |
1,465 |
226 |
(1,441) |
668 |
2,172 |
232 |
4,101 |
||
Earnings before taxation |
1,146 |
2,252 |
65 |
2,541 |
(7,873) |
(7,420) |
(1,052) |
(10,341) |
||
Taxation charge/(credit) |
418 |
2,516 |
429 |
866 |
(2,907) |
(1,815) |
278 |
(215) |
||
Earnings after taxation |
728 |
(264) |
(364) |
1,675 |
(4,966) |
(5,605) |
(1,330) |
(10,126) |
||
|
|
|
|
|
|
|
|
|
||
$/boe |
||||||||||
Revenue |
51.61 |
36.41 |
39.99 |
37.48 |
36.72 |
39.39 |
38.61 |
39.71 |
||
Production costs excluding taxes |
16.97 |
7.42 |
13.35 |
11.98 |
20.26 |
25.11 |
21.36 |
14.50 |
||
Taxes other than income tax |
0.87 |
1.49 |
2.84 |
2.65 |
0.53 |
– |
3.92 |
1.33 |
||
Exploration |
1.78 |
4.30 |
4.81 |
1.23 |
22.24 |
1.58 |
21.61 |
6.50 |
||
Depreciation, depletion and amortisation |
18.87 |
10.45 |
11.80 |
13.23 |
41.72 |
63.16 |
42.78 |
24.48 |
||
Other costs/(income) |
5.31 |
5.02 |
5.58 |
(11.00) |
4.45 |
20.88 |
14.45 |
4.66 |
||
Earnings before taxation |
7.81 |
7.72 |
1.60 |
19.39 |
(52.48) |
(71.33) |
(65.50) |
(11.75) |
||
Taxation charge/(credit) |
2.85 |
8.63 |
10.59 |
6.61 |
(19.38) |
(17.45) |
17.31 |
(0.24) |
||
Earnings after taxation |
4.96 |
(0.91) |
(8.98) |
12.78 |
(33.10) |
(53.88) |
(82.81) |
(11.51) |
||
|
|
|
|
|
|
North America |
South America |
|
|
---|---|---|---|---|---|---|---|---|
|
Europe |
Asia |
Oceania |
Africa |
USA |
Canada |
Total |
|
Third-party revenue |
1,233 |
5,475 |
81 |
– |
– |
– |
– |
6,789 |
Production costs excluding taxes |
249 |
669 |
88 |
– |
– |
– |
– |
1,006 |
Taxes other than income tax |
75 |
1,037 |
6 |
– |
– |
– |
– |
1,118 |
Exploration |
4 |
51 |
– |
– |
– |
– |
– |
55 |
Depreciation, depletion and amortisation |
217 |
949 |
415 |
– |
– |
– |
– |
1,581 |
Other costs/(income) |
547 |
622 |
(18) |
– |
1 |
1 |
– |
1,153 |
Earnings before taxation |
141 |
2,147 |
(410) |
– |
(1) |
(1) |
– |
1,876 |
Taxation charge |
39 |
957 |
– |
– |
– |
– |
– |
996 |
Earnings after taxation |
102 |
1,190 |
(410) |
– |
(1) |
(1) |
– |
880 |
2018 |
81 |
1300 |
(167) |
– |
– |
– |
– |
1,214 |
2017 |
393 |
650 |
(23) |
– |
– |
– |
– |
1,020 |
2016 |
292 |
435 |
(177) |
– |
– |
– |
– |
550 |
2015 |
454 |
1,250 |
(800) |
– |
– |
– |
– |
904 |