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Consolidated statements of comprehensive income - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Net income      
Revenues $ 19,293 $ 17,311 $ 18,757
Costs (13,910) (13,853) (13,684)
Gross profit 5,383 3,458 5,073
Selling expenses (2,132) (1,804) (1,896)
Administrative expenses (836) (705) (657)
Exploration expenses (239) (61) (65)
Impairment of property, plant and equipment and inventories write-down (87) (2,288) (123)
Other net operating results (609) 152 150
Operating profit / (loss) 1,480 (1,248) 2,482
Income from equity interests in associates and joint ventures 396 94 446
Financial income 134 334 320
Financial costs (1,169) (1,149) (988)
Other financial results 340 1,712 796
Net financial results (695) 897 128
Net profit / (loss) before income tax 1,181 (257) 3,056
Income tax 1,212 (1,020) (822)
Net profit / (loss) for the year 2,393 (1,277) 2,234
Items that may be reclassified subsequently to profit or loss:      
Translation effect from subsidiaries, associates and joint ventures (103) (442) (194)
Result from net monetary position in subsidiaries, associates and joint ventures [1] 527 221 276
Other comprehensive income for the year 424 (221) 82
Total comprehensive income for the year 2,817 (1,498) 2,316
Net profit / (loss) for the year attributable to:      
Shareholders of the parent company 2,348 (1,312) 2,228
Non-controlling interest 45 35 6
Other comprehensive income for the year attributable to:      
Shareholders of the parent company 353 (190) 70
Non-controlling interest 71 (31) 12
Total comprehensive income for the year attributable to:      
Shareholders of the parent company 2,701 (1,502) 2,298
Non-controlling interest $ 116 $ 4 $ 18
Earnings per share attributable to shareholders of the parent company:      
Basic $ 5.99 $ (3.35) $ 5.67
Diluted $ 5.99 $ (3.35) $ 5.67
[1] Result associated to subsidiaries, associates and joint ventures with the peso as functional currency, see Note 2.b.1).