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Consolidated statements of comprehensive income - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Net income      
Revenues $ 18,757 $ 13,682 $ 9,690
Costs (13,684) (10,629) (8,663)
Gross profit 5,073 3,053 1,027
Selling expenses (1,896) (1,507) (1,324)
Administrative expenses (657) (470) (467)
Exploration expenses (65) (30) (80)
(Impairment) / Recovery of property, plant and equipment and intangible assets, net (123) (115) (53)
Other net operating results 150 (232) 93
Operating profit / (loss) 2,482 699 (804)
Income from equity interests in associates and joint ventures 446 287 188
Financial income 2,188 904 1,492
Financial costs (2,315) (1,408) (1,966)
Other financial results 255 233 253
Net financial results 128 (271) (221)
Net profit / (loss) before income tax 3,056 715 (837)
Income tax (822) (699) (184)
Net profit / (loss) for the year 2,234 16 (1,021)
Items that may be reclassified subsequently to profit or loss:      
Translation effect from subsidiaries, associates and joint ventures (194) (62) (111)
Result from net monetary position in subsidiaries, associates and joint ventures 276 177 96
Other comprehensive income for the year 82 115 (15)
Total comprehensive income for the year 2,316 131 (1,036)
Net profit / (loss) for the year attributable to:      
Shareholders of the parent company 2,228 26 (1,004)
Non-controlling interest 6 (10) (17)
Other comprehensive income for the year attributable to:      
Shareholders of the parent company 70 98 (13)
Non-controlling interest 12 17 (2)
Total comprehensive income for the year attributable to:      
Shareholders of the parent company 2,298 124 (1,017)
Non-controlling interest $ 18 $ 7 $ (19)
Earnings per share attributable to shareholders of the parent company:      
Basic and diluted $ 5.67 $ 0.07 $ (2.56)