XML 296 R15.htm IDEA: XBRL DOCUMENT v3.25.0.1
Segment Production and Growth Assets
 12 Months Ended
Dec. 31, 2024
Disclosure of operating segments [abstract]  
Segment production and growth assets
B.1
  
Segment production and growth assets
As at 31 December 2024
 
Australia
2024
US$m
International
2024
US$m
Marketing
2024
US$m
New Energy/
Corporate
2024
US$m
Consolidated
2024
US$m
 
Balance as at 31 December
Asia Pacific
571
-
-
-
571
Americas
-
149
-
-
149
Africa
-
1
-
-
1
 
Total exploration and evaluation
571
150
-
-
721
 
Balance as at 31 December
Land and buildings
615
57
-
62
734
Oil and gas properties
1
14,320
11,467
-
-
25,787
Projects in development
9,556
4,838
-
1,532
15,926
Other plant and equipment
1
-
-
-
189
189
 
Total property, plant and equipment
24,491
16,362
-
1,783
42,636
 
Balance as at 31 December
Goodwill
2,887
810
-
169
3,866
Contract assets
2
-
-
-
757
757
Software
2
-
-
-
203
203
 
Total intangible assets
2,887
810
-
1,129
4,826
 
Balance as at 31 December
Land and buildings
102
254
-
247
603
Oil and gas properties
3
16
1
-
-
17
Other plant and equipment
3
123
-
547
1
671
 
Total lease assets
241
255
547
248
1,291
 
Additions to exploration and evaluation:
Exploration
-
22
-
-
22
Evaluation
17
60
-
-
77
Restoration
4
-
-
-
-
-
 
17
82
-
-
99
 
Additions to property, plant and equipment:
Acquisitions through business combination and asset acquisitions
5
-
1,367
-
936
2,303
Property, plant and equipment
2,794
1,828
-
381
5,003
Capitalised borrowings costs
6
278
120
-
12
410
Restoration
4
(137
) 
(54
) 
-
(1
) 
(192
) 
 
2,935
3,261
-
1,328
7,524
 
Additions to intangible assets:
Acquisitions through business combination and asset acquisitions
5
-
-
-
941
941
Contract assets
2
-
-
-
1
1
Software
2
-
-
-
39
39
 
-
-
-
981
981
 
Additions to lease assets:
Acquisitions through asset acquisitions
5
-
172
-
-
172
Land and buildings
15
-
-
22
37
Oil and gas properties
3
-
-
-
-
-
Other plant and equipment
3
-
-
111
-
111
 
15
172
111
22
320
 
 
1.
Transferred exploration and evaluation and plant and equipment, which were categories in 2023, have been reviewed and presented in new categories in 2024. Transferred exploration and evaluation and operational plant and equipment have been combined and presented as ‘oil and gas properties’. All remaining plant and equipment have been presented as ‘other plant and equipment’. The 2023 amounts have been reclassified to be presented on the same basis.
2.
Intangible assets include software and contract assets which were previously presented within other assets (non-current). The 2023 amounts have been reclassified to be presented on the same basis.
3.
Plant and equipment, which was a category in 2023, has been reviewed and presented as ‘oil and gas properties’ and ‘other plant and equipment’ in 2024. The 2023 amounts have been reclassified to be presented on the same basis.
4.
Relates to changes in restoration provision assumptions.
5.
Refer to Note B.5 for details on business combination and Note B.7 for details on asset acquisitions.
6.
Borrowing costs capitalised were at a weighted average interest rate of 4.4%.
Refer
to Note A.1 for descriptions of the Group’s segments and geographical regions.
 
 
As at 31 December 2023
 
Australia
2023
US$m
International
2023
US$m
Marketing
2023
US$m
New Energy/
Corporate
2023
US$m
Consolidated
2023
US$m
 
Balance as at 31 December
Asia Pacific
568
-
-
-
568
Americas
-
76
-
-
76
Africa
-
24
-
-
24
 
Total exploration and evaluation
568
100
-
-
668
 
Balance as at 31 December
Land and buildings
669
32
-
-
701
Oil and gas properties
1
16,858
7,310
-
-
24,168
Projects in development
7,825
7,655
-
244
15,724
Other plant and equipment
1
-
-
-
198
198
 
Total property, plant and equipment
25,352
14,997
-
442
40,791
 
Balance as at 31 December
Goodwill
3,185
810
-
-
3,995
Contract assets
2
-
-
-
15
15
Software
2
-
-
-
173
173
 
Total intangible assets
3,185
810
-
188
4,183
 
Balance as at 31 December
Land and buildings
94
92
-
244
430
Oil and gas properties
3
52
55
-
-
107
Other plant and equipment
3
144
2
539
8
693
 
Total lease assets
290
149
539
252
1,230
 
Additions to exploration and evaluation:
Exploration
29
59
-
-
88
Evaluation
55
108
-
-
163
Restoration
4
(5)
-
-
-
(5)
 
79
167
-
-
246
 
Additions to property, plant and equipment:
Property, plant and equipment
3,127
2,000
-
190
5,317
Capitalised borrowing costs
5
188
123
-
-
311
Restoration
4
779
188
-
-
967
 
4,094
2,311
-
190
6,595
 
Additions to intangible assets:
Adjustment to BHPP merger purchase price allocation
33
22
-
-
55
Contract assets
2
-
-
-
16
16
Software
2
-
-
-
118
118
 
33
22
-
134
189
 
Additions to lease assets:
Land and buildings
-
-
-
8
8
Oil and gas properties
3
-
-
-
-
-
Other plant and equipment
3
6
-
114
-
120
 
6
-
114
8
128
 
 
1.
Transferred exploration and evaluation and plant and equipment, which were categories in 2023, have been reviewed and presented in new categories in 2024. Transferred exploration and evaluation and operational plant and equipment have been combined and presented as ‘oil and gas properties’. All remaining plant and equipment have been presented as ‘other plant and equipment’. The 2023 amounts have been reclassified to be presented on the same basis.
2.
Intangible assets include software and contract assets which were previously presented within other assets (non-current). The 2023 amounts have been reclassified to be presented on the same basis.
3.
Plant and equipment, which was a category in 2023, has been reviewed and presented as “oil and gas properties” and “other plant and equipment” in 2024. The 2023 amounts have been reclassified to be presented on the same basis.
4.
Relates to changes in restoration provision assumptions.
5.
Borrowing costs capitalised were at a weighted average interest rate of 4.0%.