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CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Cash flows from (used in) operating activities [abstract]      
Income/(loss) before tax $ 31,583 $ (4,259) $ 9,292
Depreciation, amortisation and net impairment losses 11,719 15,235 13,204
Exploration expenditures written off 171 2,506 777
(Gains) losses on foreign currency transactions and balances (47) 646 (224)
(Gains) losses on sales of assets and businesses (1,519) 18 (1,187)
(Increase) decrease in other items related to operating activities [1] 106 918 1,016
(Increase) decrease in net derivative financial instruments 539 (451) (595)
Interest received 96 162 215
Interest paid (698) (730) (723)
Cash flows provided by operating activities before taxes paid and working capital items 41,950 14,045 21,776
Taxes paid (8,588) (3,134) (8,286)
(Increase) decrease in working capital (4,546) (524) 259
Cash flows provided by operating activities 28,816 10,386 13,749
Cash flows from (used in) investing activities [abstract]      
Cash used in business combinations [2] (111) 0 (2,274)
Capital expenditures and investments (8,040) (8,476) (10,204)
(Increase) decrease in financial investments [3] (9,951) (3,703) (1,012)
(Increase) decrease in derivatives financial instruments (1) (620) 298
(Increase)/decrease in other interest bearing items 28 202 (10)
Proceeds from sale of assets and businesses 1,864 505 2,608
Cash flows used in investing activities (16,211) (12,092) (10,594)
Cash flows from (used in) financing activities [abstract]      
New finance debt 0 8,347 984
Repayment of finance debt [4] (2,675) (2,055) (1,314)
Repayment of lease liabilities [4] (1,238) (1,277) (1,104)
Dividend paid (1,797) (2,330) (3,342)
Share buy-back (321) (1,059) 442
Net current finance debt and other financing activities 1,195 1,365 (277)
Cash flows provided by (used in) financing activities (4,836) 2,991 (5,496)
Net increase (decrease) in cash and cash equivalents 7,768 1,285 (2,341)
Foreign currency translation effects (538) 294 (38)
Cash and cash equivalents at the beginning of the period (net of overdraft) 6,757 [5] 5,177 [5] 7,556
Cash and cash equivalents at the end of the period (net of overdraft) [5] $ 13,987 $ 6,757 $ 5,177
[1]
Full year 2021 includes redetermination settlement for the
 
Agbami field. For more information, see note
 
24 Other commitments, contingent
liabilities and contingent assets.
[2]
Net after cash and cash equivalents acquired.
[3]
Includes sale of Lundin shares in 2020.
[4]
Repayment of lease liabilities are separated from the line
 
item Repayment of finance debt and 2019 and
 
2020 has been reclassified.
[5]
At 31 December 2021 cash and cash equivalents
 
included a net overdraft of USD
140
 
million. At 31 December 2020 and 2019, cash and
cash equivalents net overdraft were
zero
.