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CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2022
Mar. 31, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Cash flows from (used in) operating activities [abstract]          
Income/(loss) before tax $ 19,756 $ 17,223 $ 4,905 $ 36,979 $ 9,417
Depreciation, amortisation and net impairment losses 2,140 2,017 2,111 4,158 4,908
Exploration expenditures written off 87 73 25 161 89
(Gains) /losses on foreign currency transactions and balances (2,821) 284 43 (2,537) (27)
(Gains) /losses on sales of assets and businesses (6) (89) 16 (94) (1,367)
(Increase)/decrease in other items related to operating activities [1] (920) (300) (565) (1,220) (343)
(Increase) /decrease in net derivative financial instruments 3 953 170 956 746
Interest received 59 11 39 70 78
Interest paid (233) (118) (199) (351) (340)
Cash flows provided by operating activities before taxes paid and working capital items 18,066 20,055 6,543 38,122 13,161
Taxes paid (8,050) (4,307) (344) (12,357) (428)
(Increase) decrease in working capital (1,496) 23 444 1,473 (106)
Cash flows provided by operating activities 8,520 15,771 6,643 24,291 12,627
Cash flows from (used in) investing activities [abstract]          
Cash used/received in business combinations2 [2],[3] 168 0 (111) 168 (111)
Capital expenditures and investments (1,713) (2,182) (1,747) (3,895) (3,897)
(Increase) /decrease in financial investments (3,069) (2,850) (4,224) (5,920) (3,525)
(Increase) /decrease in derivatives financial instruments 940 424 (65) 1,364 (370)
(Increase) /decrease in other items interest bearing 29 4 (134) 33 (137)
Proceeds from sale of assets and businesses 77 140 692 217 1,839
Cash flows used in investing activities (3,567) (4,465) (5,589) (8,032) (6,202)
Cash flows from (used in) financing activities [abstract]          
Repayment of finance debt 0 0 (1) 0 (1,425)
Repayment of lease liabilities (344) (317) (308) (661) (610)
Dividend paid (1,310) (582) (389) (1,893) (744)
Share buy-back (304) (439) 0 (742) 0
Net current finance debt and other financing activities (2,250) (2,804) 687 (5,054) (327)
Cash flows provided by (used in) financing activities (4,208) (4,142) (10) (8,350) (3,107)
Net increase (decrease) in cash and cash equivalents 745 7,165 1,044 7,910 3,318
Effect of exchange rate changes on cash and cash equivalents (1,064) (270) 3 (1,334) (170)
Cash and cash equivalents at the beginning of the period (net of overdraft) 20,882 [4] 13,987 8,857 13,987 6,757
Cash and cash equivalents at the end of the period (net of overdraft) [4] $ 20,562 $ 20,882 $ 9,904 $ 20,562 $ 9,904
[1]
The line Increase (decrease) in other items related
 
to operating activities in the first half of 2022 included
 
payment of USD
189
 
million
which represent the accretion related to the payment
 
of the acquisition and disposal of the interests
 
in the Bacalhau field as described
below.
[2]
The line Capital expenditures and investments for
 
the first half of 2022 includes USD
336
 
million which represents the net of an USD
769
million payment of a contingent consideration related
 
to the acquisition of interests in the Bacalhau
 
field in 2016 and 2017, and a
corresponding receipt of USD
433
 
million for the simultaneous payment of contingent consideration
 
related to disposal of parts of the
acquired interests in 2018.
[3]
Net after cash and cash equivalents acquired. The
 
line item includes cash consideration related to
 
the acquisition of Statfjord licences in
second quarter of 2022 as described in note
 
3 Acquisitions and disposals
[4]
At 30 June 2022 cash and cash equivalents included
 
a net overdraft of USD
20
 
million compared to a net overdraft of USD
7
 
million at
 
30 June 2021 and USD
140
 
million at 31 December 2021.