BP p.l.c. (BP) 6-K 30 Jul 24 2024 Q2 Current report (foreign) Financial data

Cover

Cover	6 Months Ended
	Jun. 30, 2024
Document Information [Line Items]
Document Type	6-K
Amendment Flag	false
Document Period End Date	Jun. 30, 2024
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q2
Entity Registrant Name	BP PLC
Entity Central Index Key	0000313807
Current Fiscal Year End Date	--12-31

Group income statement

Group income statement - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Profit (loss) [abstract]
Revenue and other operating income	$ 47,299	$ 48,538	$ 96,179	$ 104,720
Share of profit (loss) of joint ventures accounted for using equity method	250	360	428	555
Share of profit (loss) of associates accounted for using equity method	266	231	564	404
Interest And Other Income1	414	378	795	626
Gain On Disposals, Property, Plant And Equipment And Disposal Of Investments In Subsidiaries, Joint Ventures And Associates	21	(28)	245	125
Revenue	48,250	49,479	98,211	106,430
Cost of inventories recognised as expense during period	28,891	29,172	56,538	58,294
Production And Manufacturing Expenses, Excluding Taxes	6,692	6,231	13,539	13,213
Tax expense other than income tax expense	484	404	928	878
Depreciation, depletion and amortization	4,098	3,923	8,248	7,723
Impairment loss (reversal of impairment loss) net of losses of sales of businesses and fixed assets recognised in profit or loss	1,309	1,269	2,046	1,357
Expense arising from exploration for and evaluation of mineral resources	179	293	426	399
Distribution and administrative expense	4,167	3,834	8,389	7,581
Profit (loss) from operating activities	2,430	4,353	8,097	16,985
Finance costs	1,216	920	2,291	1,763
Interest Income (Expense) Relating To Pensions And Other Post-Retirement Benefits	(40)	(61)	(81)	(119)
Profit (loss) before tax	1,254	3,494	5,887	15,341
Tax expense (income)	1,184	1,541	3,408	4,966
Profit (loss)	70	1,953	2,479	10,375
Attributable to
Profit (loss), attributable to owners of parent	(129)	1,792	2,134	10,010
Profit (loss), attributable to non-controlling interests	$ 199	$ 161	$ 345	$ 365
Ordinary shares [member]
Profit (loss), attributable to bp shareholders
Basic earnings (loss) per share	$ (0.0078)	$ 0.1022	$ 0.1285	$ 0.5653
Diluted earnings (loss) per share	(0.0078)	0.1001	0.1254	0.5540
ADS [Member]
Profit (loss), attributable to bp shareholders
Basic earnings (loss) per share	(0.05)	0.61	0.77	3.39
Diluted earnings (loss) per share	$ (0.05)	$ 0.60	$ 0.75	$ 3.32

Condensed group statement of co

Condensed group statement of comprehensive income - USD ($) $ in Millions		3 Months Ended		6 Months Ended
		Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Statement of comprehensive income [abstract]
Profit (loss)		$ 70	$ 1,953	$ 2,479	$ 10,375
Items that may be reclassified subsequently to profit or loss
Gains (losses) on exchange differences on translation, before tax		(142)	11	(590)	464
Gains (Losses) On Cash Flow Hedges And Costs Of Hedging, Before Tax [Line Items]		(100)	(56)	(215)	490
Share of other comprehensive income of associates and joint ventures accounted for using equity method that will be reclassified to profit or loss, net of tax		10	(27)	2	(230)
Income tax relating to components of other comprehensive income that will be reclassified to profit or loss		40	71	36	(5)
Other comprehensive income that will be reclassified to profit or loss, net of tax		(192)	(1)	(767)	719
Items that will not be reclassified to profit or loss
Other comprehensive income, before tax, gains (losses) on remeasurements of defined benefit plans		(240)	(855)	(306)	(942)
Other comprehensive income, before tax, gains (losses) on remeasurements of equity instruments		(17)	0	(30)	0
Other Comprehensive Income, Cash Flow Hedges To Be Transferred To Balance Sheet, Before Tax		0	0	(3)	0
Income tax relating to components of other comprehensive income that will not be reclassified to profit or loss	[1]	59	308	733	331
Other comprehensive income that will not be reclassified to profit or loss, net of tax		(198)	(547)	394	(611)
Other comprehensive income		(390)	(548)	(373)	108
Comprehensive income		(320)	1,405	2,106	10,483
Attributable to
Comprehensive income, attributable to owners of parent		(520)	1,240	1,783	10,101
Comprehensive income, attributable to non-controlling interests		$ 200	$ 165	323	$ 382
Deferred tax expense (income) relating to tax rate changes or imposition of new taxes				$ (658)
[1] First half 2024 includes a $658-million credit in respect of the reduction in the deferred tax liability on defined benefit pension plan surpluses following the reduction in the rate of the authorized surplus payments tax charge in the UK from 35% to 25%.

Condensed group statement of ch

Condensed group statement of changes in equity - USD ($) $ in Millions		Total	Equity attributable to owners of parent [member]	Non-controlling interests, hybrid bonds	Non-controlling interests, other interest
Equity at beginning of period at Dec. 31, 2022		$ 82,990	$ 67,553	$ 13,390	$ 2,047
Comprehensive income		10,483	10,101	288	94
Dividends recognised as distributions to owners		(2,483)	(2,348)		(135)
Increase (Decrease) In Number Of Shares Outstanding Through Share Repurchase, Equity Amount		(5,166)	(5,166)
Increase (decrease) through share-based payment transactions, equity		205	205
Increase (decrease) through other changes, equity		132	(1)	133
Payments on increase (decrease) though other changes, equity		(414)	(5)	(409)
Increase (decrease) through changes in ownership interests in subsidiaries that do not result in loss of control, equity		(144)	0		(144)
Equity at end of period at Jun. 30, 2023		85,603	70,339	13,402	1,862
Equity at beginning of period at Dec. 31, 2023		85,493	70,283	13,566	1,644
Comprehensive income		2,106	1,783	310	13
Dividends recognised as distributions to owners		(2,617)	(2,431)		(186)
Cash flow hedges transferred to the balance sheet, net of tax		(4)	(4)		0
Increase (Decrease) In Number Of Shares Outstanding Through Share Repurchase, Equity Amount		(3,502)	(3,502)
Increase (decrease) through share-based payment transactions, equity		654	654
Increase (decrease) through other changes, equity	[1]	1,296	(4)	1,300
Redemption of other changes, equity, net of tax	[1]	(1,291)	9	(1,300)
Payments on increase (decrease) though other changes, equity		(419)	0	(419)
Increase (decrease) through changes in ownership interests in subsidiaries that do not result in loss of control, equity		483	236		247
Equity at end of period at Jun. 30, 2024		$ 82,199	$ 67,024	$ 13,457	$ 1,718
[1]During the first quarter 2024 BP Capital Markets PLC issued $1.3 billion of US dollar perpetual subordinated hybrid bonds with a coupon fixed for an initial period up to 2034 of 6.45% and voluntarily bought back $1.3 billion of the non-call 2025 4.375% US dollar hybrid bond issued in 2020. Taken together these transactions had no significant impact on net debt or gearing.

Group balance sheet

Group balance sheet - USD ($) $ in Millions	Jun. 30, 2024	Dec. 31, 2023
Non-current assets [abstract]
Property, plant and equipment	$ 100,293	$ 104,719
Goodwill	12,390	12,472
Intangible assets other than goodwill	10,301	9,991
Investments in joint ventures accounted for using equity method	12,346	12,435
Investments in associates accounted for using equity method	7,852	7,814
Other non-current financial assets	1,943	2,189
Non-Current, Fixed Assets	145,125	149,620
Non-current loans and receivables	2,162	1,942
Trade and other non-current receivables	1,971	1,767
Non-current derivative financial assets	10,262	9,980
Non-current prepayments	661	623
Deferred tax assets	5,060	4,268
Non-current net defined benefit asset	7,520	7,948
Non-current assets	172,761	176,148
Current assets [abstract]
Current loans and receivables	212	240
Current inventories	23,345	22,819
Trade and other current receivables	28,890	31,123
Current derivative financial assets	7,940	12,583
Current prepayments	2,147	2,520
Current tax assets, current	978	837
Other current financial assets	708	843
Cash and cash equivalents	34,891	33,030
Current assets other than non-current assets or disposal groups classified as held for sale or as held for distribution to owners	99,111	103,995
Non-current assets or disposal groups classified as held for sale or as held for distribution to owners	1,512	151
Current assets	100,623	104,146
Assets	273,384	280,294
Current liabilities [abstract]
Trade and other current payables	57,660	61,155
Current derivative financial liabilities	4,339	5,250
Accruals classified as current	5,703	6,527
Current lease liabilities	2,593	2,650
Current borrowings and current portion of non-current borrowings	4,142	3,284
Current tax liabilities, current	2,894	2,732
Current provisions	4,016	4,418
Current liabilities other than liabilities included in disposal groups classified as held for sale	81,347	86,016
Liabilities included in disposal groups classified as held for sale	31	62
Current liabilities	81,378	86,078
Non-current liabilities [abstract]
Trade and other non-current payables	8,913	10,076
Non-current derivative financial liabilities	12,032	10,402
Accruals classified as non-current	1,096	1,310
Non-current lease liabilities	8,104	8,471
Non-current portion of non-current borrowings	50,844	48,670
Deferred tax liabilities	9,125	9,617
Non-current provisions	14,571	14,721
Non-current net defined benefit liability	5,122	5,456
Non-current liabilities	109,807	108,723
Liabilities	191,185	194,801
Assets (liabilities)	82,199	85,493
Equity [abstract]
Equity attributable to owners of parent	67,024	70,283
Non-controlling interests	15,175	15,210
Equity	$ 82,199	$ 85,493

Group cash flow statement

Group cash flow statement - USD ($) $ in Millions		3 Months Ended		6 Months Ended
		Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Cash flows from (used in) operating activities [abstract]
Profit (loss) before tax		$ 1,254	$ 3,494	$ 5,887	$ 15,341
Adjustments to reconcile profit (loss) [abstract]
Adjustments For Depreciation And Amortisation Expense Including Expense Arising From Exploration For And Evaluation Of Mineral Resource, Write-Off		4,225	4,164	8,581	8,014
Adjustments For Impairment Loss (Reversal Of Impairment Loss) Recognised In Profit Or Loss, And Adjustments For Gain Loss On Disposal Of Investments In Subsidiaries, Joint Ventures, And Associates		1,288	1,297	1,801	1,232
Share Of Profit Loss Of Associates And Joint Ventures Accounted For Using Equity Method, Excluding Dividends Received		19	(31)	(77)	(30)
Adjustments For Finance Costs And Interest Expense, Net Of Interest Paid		524	102	716	165
Adjustments for share-based payments		507	243	668	221
Adjustments For Increase (Decrease) In Pension And Other Post-Retirement Benefits		(34)	(47)	(66)	(90)
Adjustments for provisions		764	(221)	81	(1,320)
Adjustments For Decrease (Increase) In Inventories And Other Assets And Increase (Decrease) In Other Liabilities		1,556	(742)	(575)	(4,497)
Income taxes paid (refund), classified as operating activities		(2,003)	(1,966)	(3,907)	(5,121)
Cash flows from (used in) operating activities		8,100	6,293	13,109	13,915
Cash flows from (used in) investing activities [abstract]
Purchase of property, plant and equipment, intangible assets other than goodwill, investment property and other non-current assets		(3,463)	(3,453)	(7,181)	(6,582)
Cash flows used in obtaining control of subsidiaries or other businesses, classified as investing activities		(116)	(804)	(222)	(752)
Other cash payments to acquire interests in joint ventures, classified as investing activities		(95)	(50)	(448)	(590)
Purchase of interests in associates		(17)	(7)	(118)	(15)
Outflows of cash from investing activities		(3,691)	(4,314)	(7,969)	(7,939)
Proceeds from disposals of property, plant and equipment, intangible assets other than goodwill, investment property and other non-current assets		35	28	101	43
Cash flows from losing control of subsidiaries or other businesses		219	60	566	845
Cash receipts from repayment of advances and loans made to other parties		24	21	40	27
Inflows of cash from investing activities		278	109	707	915
Cash flows from (used in) investing activities		(3,413)	(4,205)	(7,262)	(7,024)
Cash flows from (used in) financing activities [abstract]
Payments to acquire or redeem entity's shares		(1,751)	(2,073)	(3,501)	(4,521)
Payments of lease liabilities, classified as financing activities		(679)	(620)	(1,373)	(1,175)
Proceeds from non-current borrowings		2,736	3,643	4,995	6,038
Repayments of non-current borrowings		(623)	(2,828)	(1,297)	(3,627)
Cash flows from (used in) increase (decrease) in current borrowings		49	(348)	65	(877)
Proceeds from issuing other equity instruments	[1]	0	87	1,296	132
Payments to redeem other equity instruments	[1]	0	0	(1,288)	0
Payments of other equity instruments		(271)	(250)	(527)	(486)
Payments from changes in ownership interests in subsidiaries that do not result in loss of control		0	0	0	(180)
Proceeds from contributions of non-controlling interests		508	2	524	9
Dividends paid to equity holders of parent, classified as financing activities		(1,204)	(1,153)	(2,423)	(2,336)
Dividends paid to non-controlling interests, classified as financing activities		(60)	(67)	(186)	(135)
Cash flows from (used in) financing activities		(1,295)	(3,607)	(3,715)	(7,158)
Effect of exchange rate changes on cash and cash equivalents		(11)	0	(271)	(14)
Increase (decrease) in cash and cash equivalents		3,381	(1,519)	1,861	(281)
Cash and cash equivalents		$ 34,891	$ 28,914	$ 34,891	$ 28,914
[1] See Condensed group statement of changes in equity - footnote (a) for further information.

Analysis of replacement cost pr

Analysis of replacement cost profit (loss) before interest and tax and reconciliation to profit (loss) before taxation (Notes)	6 Months Ended
	Jun. 30, 2024
Disclosure of operating segments [abstract]
Analysis of replacement cost profit (loss) before interest and tax and reconciliation to profit (loss) before taxation	Analysis of replacement cost profit (loss) before interest and tax and reconciliation to profit (loss) before taxation Second Second First First quarter quarter half half $ million 2024 2023 2024 2023 gas & low carbon energy (315) 2,289 721 9,636 oil production & operations 3,267 2,568 6,327 5,885 customers & products (133) 555 855 3,235 other businesses & corporate (180) (297) (480) (387) 2,639 5,115 7,423 18,369 Consolidation adjustment – UPII* (73) (30) (41) (52) 2,566 5,085 7,382 18,317 Inventory holding gains (losses)* gas & low carbon energy — — — 1 oil production & operations 1 — — 1 customers & products (137) (732) 715 (1,334) Profit (loss) before interest and tax 2,430 4,353 8,097 16,985 Finance costs 1,216 920 2,291 1,763 Net finance expense/(income) relating to pensions and other post-retirement benefits (40) (61) (81) (119) Profit (loss) before taxation 1,254 3,494 5,887 15,341 RC profit (loss) before interest and tax* US 1,545 2,244 3,155 5,319 Non-US 1,021 2,841 4,227 12,998 2,566 5,085 7,382 18,317

Statutory accounts

Statutory accounts	6 Months Ended
	Jun. 30, 2024
Common Domain Members [Abstract]
Statutory accounts	Statutory accounts The financial information shown in this publication, which was approved by the Board of Directors on 29 July 2024, is unaudited and does not constitute statutory financial statements. Audited financial information will be published in

Basis of preparation

Basis of preparation	6 Months Ended
	Jun. 30, 2024
Corporate information and statement of IFRS compliance [abstract]
Disclosure of basis of preparation of financial statements [text block]	Basis of preparation The interim financial information included in this report has been prepared in accordance with IAS 34 'Interim Financial Reporting'. The results for the interim periods are unaudited and, in the opinion of management, include all adjustments necessary for a fair presentation of the results for each period. All such adjustments are of a normal recurring nature. This report should be read in conjunction with the consolidated financial statements and related notes for the year ended 31 December 2023 included in bp Annual Report and Form 20-F 2023. The directors consider it appropriate to adopt the going concern basis of accounting in preparing these interim financial statements. bp prepares its consolidated financial statements included within bp Annual Report and Form 20-F on the basis of International Financial Reporting Standards (IFRS) as issued by the International Accounting Standards Board (IASB), IFRS as adopted by the UK, and European Union (EU), and in accordance with the provisions of the UK Companies Act 2006 as applicable to companies reporting under international accounting standards. IFRS as adopted by the UK does not differ from IFRS as adopted by the EU. IFRS as adopted by the UK and EU differ in certain respects from IFRS as issued by the IASB. The differences have no impact on the group’s consolidated financial statements for the periods presented. The financial information presented herein has been prepared in accordance with the accounting policies expected to be used in preparing bp Annual Report and Form 20-F 2024 which are the same as those used in preparing bp Annual Report and Form 20-F 2023. There are no other new or amended standards or interpretations adopted from 1 January 2024 onwards that have a significant impact on the financial information. Significant accounting judgements and estimates bp's significant accounting judgements and estimates were disclosed in bp Annual Report and Form 20-F 2023 . These have been subsequently considered at the end of this quarter to determine if any changes were required to those judgements and estimates. Provisions The nominal risk-free discount rate applied to provisions is reviewed on a quarterly basis. The discount rate applied to the group's provisions was revised to 4.5% in the second quarter (31 December 2023 4.0%) to reflect higher US Treasury yields. The principal impact of this rate increase was a $0.8 billion decrease in the decommissioning provision with a corresponding decrease in the carrying amount of property, plant and equipment of $0.6 billion.

Non-current assets held for sal

Non-current assets held for sale	6 Months Ended
	Jun. 30, 2024
Non-current assets held for sale [Abstract]
Non-current assets held for sale	Non-current assets held for sale The carrying amount of assets classified as held for sale at 30 June 2024 is $1,512 million, with associated liabilities of $31 million. These relate to the transactions described below. On 14 February 2024, bp and ADNOC announced that they had agreed to form a new joint venture (JV) in Egypt (51% bp and 49% ADNOC). As part of the agreement, bp will contribute its interests in three development concessions, as well as exploration agreements, in Egypt to the new JV. ADNOC will make a proportionate cash contribution. Subject to regulatory approvals and clearances, the formation of the JV is expected to complete during the second half of 2024. The carrying amount of assets classified as held for sale at 30 June 2024 is $1,408 million, with associated liabilities of $23 million. On 16 November 2023, bp entered into an agreement to sell its Türkiye ground fuels business to Petrol Ofisi. This includes the group's interest in three joint venture terminals in Türkiye. Completion of the sale is subject to regulatory approvals. The carrying amount of assets classified as held for sale at 30 June 2024 is $104 million, with associated liabilities of $8 million. Cumulative foreign exchange losses within reserves of approximately $930 million are expected to be recycled to the group income statement at completion.

Impairment of assets

Impairment of assets	6 Months Ended
	Jun. 30, 2024
Impairments [Abstract]
Disclosure of impairment of assets [text block]	Impairment and losses on sale of businesses and fixed assets Net impairment charges and losses on sale of businesses and fixed assets for the second quarter and half year were $1,309 million and $2,046 million respectively, compared with net charges of $1,269 million and $1,357 million for the same periods in 2023 and include net impairment charges for the second quarter and half year of $1,296 million and $1,945 million respectively, compared with net impairment charges of $1,208 million and $1,167 million

Sales and other operating reven

Sales and other operating revenues	6 Months Ended
	Jun. 30, 2024
Revenue [abstract]
Sales and other operating revenues	Sales and other operating revenues Second Second First First quarter quarter half half $ million 2024 2023 2024 2023 By segment gas & low carbon energy 5,809 10,428 14,484 28,314 oil production & operations 6,659 5,777 13,091 11,930 customers & products 41,100 38,051 80,995 76,933 other businesses & corporate 526 590 1,132 1,328 54,094 54,846 109,702 118,505 Less: sales and other operating revenues between segments gas & low carbon energy 371 840 641 1,376 oil production & operations 5,982 5,236 11,895 11,497 customers & products 25 (180) 318 (36) other businesses & corporate 417 412 669 948 6,795 6,308 13,523 13,785 External sales and other operating revenues gas & low carbon energy 5,438 9,588 13,843 26,938 oil production & operations 677 541 1,196 433 customers & products 41,075 38,231 80,677 76,969 other businesses & corporate 109 178 463 380 Total sales and other operating revenues 47,299 48,538 96,179 104,720 By geographical area US 20,340 20,065 40,198 39,225 Non-US 36,832 38,492 76,040 84,842 57,172 58,557 116,238 124,067 Less: sales and other operating revenues between areas 9,873 10,019 20,059 19,347 47,299 48,538 96,179 104,720 Revenues from contracts with customers Sales and other operating revenues include the following in relation to revenues from contracts with customers: Crude oil 538 520 1,086 1,157 Oil products 32,548 31,218 62,388 61,359 Natural gas, LNG and NGLs 4,987 5,841 10,738 15,485 Non-oil products and other revenues from contracts with customers 3,108 2,750 6,036 4,622 Revenue from contracts with customers 41,181 40,329 80,248 82,623 Other operating revenues (a) 6,118 8,209 15,931 22,097 Total sales and other operating revenues 47,299 48,538 96,179 104,720 (a) Principally relates to commodity derivative transactions including sales of bp own production in trading books.

Depreciation, depletion and amo

Depreciation, depletion and amortization	6 Months Ended
	Jun. 30, 2024
Analysis of income and expense [abstract]
Disclosure of depreciation and amortisation expense [text block]	Depreciation, depletion and amortization Second Second First First quarter quarter half half $ million 2024 2023 2024 2023 Total depreciation, depletion and amortization by segment gas & low carbon energy 1,209 1,407 2,502 2,847 oil production & operations 1,698 1,370 3,355 2,697 customers & products 939 894 1,883 1,691 other businesses & corporate 252 252 508 488 4,098 3,923 8,248 7,723 Total depreciation, depletion and amortization by geographical area US 1,703 1,338 3,273 2,592 Non-US 2,395 2,585 4,975 5,131 4,098 3,923 8,248 7,723

Earnings per share

Earnings per share	6 Months Ended
	Jun. 30, 2024
Earnings per share [abstract]
Disclosure of earnings per share [text block]	Earnings per share and shares in issue Basic earnings per ordinary share (EpS) amounts are calculated by dividing the profit (loss) for the period attributable to ordinary shareholders by the weighted average number of ordinary shares outstanding during the period. 116 million and 163 million ordinary shares repurchased for cancellation were settled during the second quarter 2024 against the authority granted at bp's 2023 and 2024 annual general meetings respectively, for a total cost of $1,751 million. A further 125 million ordinary shares were repurchased between the end of the reporting period and the date when the financial statements are authorised for issue for a total cost of $748 million. This amount has been accrued at 30 June 2024. The number of shares in issue is reduced when shares are repurchased, but is not reduced in respect of the period-end commitment to repurchase shares subsequent to the end of the period. The calculation of EpS is performed separately for each discrete quarterly period, and for the year-to-date period. As a result, the sum of the discrete quarterly EpS amounts in any particular year-to-date period may not be equal to the EpS amount for the year-to-date period. For the diluted EpS calculation the weighted average number of shares outstanding during the period is adjusted for the number of shares that are potentially issuable in connection with employee share-based payment plans using the treasury stock method. Second Second First First quarter quarter half half $ million 2024 2023 2024 2023 Results for the period Profit (loss) for the period attributable to bp shareholders (129) 1,792 2,134 10,010 Less: preference dividend 1 1 1 1 Less: (gain) loss on redemption of perpetual hybrid bonds (a) — — (10) — Profit (loss) attributable to bp ordinary shareholders (130) 1,791 2,143 10,009 Number of shares (thousand) (b)(c) Basic weighted average number of shares outstanding 16,590,173 17,523,778 16,670,999 17,706,388 ADS equivalent (d) 2,765,028 2,920,629 2,778,499 2,951,064 Weighted average number of shares outstanding used to calculate diluted earnings per share 16,590,173 17,900,984 17,090,967 18,068,256 ADS equivalent (d) 2,765,028 2,983,497 2,848,494 3,011,376 Shares in issue at period-end 16,491,420 17,379,366 16,491,420 17,379,366 ADS equivalent (d) 2,748,570 2,896,561 2,748,570 2,896,561 (a) See Condensed group statement of changes in equity - footnote (a) for further information. (b) If the inclusion of potentially issuable shares would decrease loss per share, the potentially issuable shares are excluded from the weighted average number of shares outstanding used to calculate diluted earnings per share. The numbers of potentially issuable shares that have been excluded from the calculation for the second quarter 2024 are 374,406 thousand (ADS equivalent 62,401 thousand). (c) Excludes treasury shares and includes certain shares that will be issued in the future under employee share-based payment plans. (d) One ADS is equivalent to six ordinary shares. Issued ordinary share capital as at 30 June 2024 comprised 16,608,133,770 ordinary shares (31 December 2023 17,174,461,587 ordinary shares). This includes shares held in trust to settle future employee share plan obligations and excludes 722,282,438 ordinary shares which have been bought back and are held in treasury by bp (31 December 2023 726,338,898 ordinary shares).

Dividends

Dividends	6 Months Ended
	Jun. 30, 2024
Interim Financial Reporting [Abstract]
Disclosure of dividends [text block]	Dividends Dividends payable bp today announced an interim dividend of 8.000 cents per ordinary share which is expected to be paid on 20 September 2024 to ordinary shareholders and American Depositary Share (ADS) holders on the register on 9 August 2024. The ex-dividend date will be 8 August 2024 for ordinary shareholders and 9 August 2024 for ADS holders. The corresponding amount in sterling is due to be announced on 3 September 2024, calculated based on the average of the market exchange rates over three dealing days between 28 August 2024 and 30 August 2024. Holders of ADSs are expected to receive $0.48 per ADS (less applicable fees). The board has decided not to offer a scrip dividend alternative in respect of the second quarter 2024 dividend. Ordinary shareholders and ADS holders (subject to certain exceptions) will be able to participate in a dividend reinvestment programme. Details of the second quarter dividend and timetable are available at bp.com/dividends and further details of the dividend reinvestment programmes are available at bp.com/drip . Second Second First First quarter quarter half half 2024 2023 2024 2023 Dividends paid per ordinary share cents 7.270 6.610 14.540 13.220 pence 5.683 5.309 11.375 10.860 Dividends paid per ADS (cents) 43.62 39.66 87.24 79.32

Net debt

Net debt	6 Months Ended
	Jun. 30, 2024
Subclassifications of assets, liabilities and equities [abstract]
Net Debt	Net debt Net debt* 30 June 30 June 31 December $ million 2024 2023 2023 Finance debt (a) 54,986 49,738 51,954 Fair value (asset) liability of hedges related to finance debt (b) 2,519 2,836 1,988 57,505 52,574 53,942 Less: cash and cash equivalents 34,891 28,914 33,030 Net debt (c) 22,614 23,660 20,912 Total equity 82,199 85,603 85,493 Gearing* 21.6% 21.7% 19.7% (a) The fair value of finance debt at 30 June 2024 was $50,677 million (30 June 2023 $45,580 million, 31 December 2023 $48,795 million). (b) Derivative financial instruments entered into for the purpose of managing foreign currency exchange risk associated with net debt with a fair value liability position of $144 million at 30 June 2024 (second quarter 2023 liability of $98 million and fourth quarter 2023 liability of $73 million) are not included in the calculation of net debt shown above as hedge accounting is not applied for these instruments. (c) Net debt does not include accrued interest, which is reported within other receivables and other payables on the balance sheet and for which the associated cash flows are presented as operating cash flows in the group cash flow statement.

Basis of preparation (Policies)

Basis of preparation (Policies)	6 Months Ended
	Jun. 30, 2024
Corporate information and statement of IFRS compliance [abstract]
Basis of preparation	The interim financial information included in this report has been prepared in accordance with IAS 34 'Interim Financial Reporting'. The results for the interim periods are unaudited and, in the opinion of management, include all adjustments necessary for a fair presentation of the results for each period. All such adjustments are of a normal recurring nature. This report should be read in conjunction with the consolidated financial statements and related notes for the year ended 31 December 2023 included in bp Annual Report and Form 20-F 2023. The directors consider it appropriate to adopt the going concern basis of accounting in preparing these interim financial statements. bp prepares its consolidated financial statements included within bp Annual Report and Form 20-F on the basis of International Financial Reporting Standards (IFRS) as issued by the International Accounting Standards Board (IASB), IFRS as adopted by the UK, and European Union (EU), and in accordance with the provisions of the UK Companies Act 2006 as applicable to companies reporting under international accounting standards. IFRS as adopted by the UK does not differ from IFRS as adopted by the EU. IFRS as adopted by the UK and EU differ in certain respects from IFRS as issued by the IASB. The differences have no impact on the group’s consolidated financial statements for the periods presented. The financial information presented herein has been prepared in accordance with the accounting policies expected to be used in preparing bp Annual Report and Form 20-F 2024 which are the same as those used in preparing bp Annual Report and Form 20-F 2023. There are no other new or amended standards or interpretations adopted from 1 January 2024 onwards that have a significant impact on the financial information. Significant accounting judgements and estimates bp's significant accounting judgements and estimates were disclosed in bp Annual Report and Form 20-F 2023 . These have been subsequently considered at the end of this quarter to determine if any changes were required to those judgements and estimates. Provisions The nominal risk-free discount rate applied to provisions is reviewed on a quarterly basis. The discount rate applied to the group's provisions was revised to 4.5% in the second quarter (31 December 2023 4.0%) to reflect higher US Treasury yields. The principal impact of this rate increase was a $0.8 billion decrease in the decommissioning provision with a corresponding decrease in the carrying amount of property, plant and equipment of $0.6 billion.

Analysis of replacement cost _2

Analysis of replacement cost profit (loss) before interest and tax and reconciliation to profit (loss) before taxation (Tables)	6 Months Ended
	Jun. 30, 2024
Disclosure of operating segments [abstract]
Disclosure Of Detailed Information About Replacement Costs Profit (Loss) Before Interest And Tax [Table Text Block]	Second Second First First quarter quarter half half $ million 2024 2023 2024 2023 gas & low carbon energy (315) 2,289 721 9,636 oil production & operations 3,267 2,568 6,327 5,885 customers & products (133) 555 855 3,235 other businesses & corporate (180) (297) (480) (387) 2,639 5,115 7,423 18,369 Consolidation adjustment – UPII* (73) (30) (41) (52) 2,566 5,085 7,382 18,317 Inventory holding gains (losses)* gas & low carbon energy — — — 1 oil production & operations 1 — — 1 customers & products (137) (732) 715 (1,334) Profit (loss) before interest and tax 2,430 4,353 8,097 16,985 Finance costs 1,216 920 2,291 1,763 Net finance expense/(income) relating to pensions and other post-retirement benefits (40) (61) (81) (119) Profit (loss) before taxation 1,254 3,494 5,887 15,341 RC profit (loss) before interest and tax* US 1,545 2,244 3,155 5,319 Non-US 1,021 2,841 4,227 12,998 2,566 5,085 7,382 18,317

Sales and other operating rev_2

Sales and other operating revenues (Tables)	6 Months Ended
	Jun. 30, 2024
Revenue [abstract]
Disclosure of sales and operating revenue [Table Text Block]	Second Second First First quarter quarter half half $ million 2024 2023 2024 2023 By segment gas & low carbon energy 5,809 10,428 14,484 28,314 oil production & operations 6,659 5,777 13,091 11,930 customers & products 41,100 38,051 80,995 76,933 other businesses & corporate 526 590 1,132 1,328 54,094 54,846 109,702 118,505 Less: sales and other operating revenues between segments gas & low carbon energy 371 840 641 1,376 oil production & operations 5,982 5,236 11,895 11,497 customers & products 25 (180) 318 (36) other businesses & corporate 417 412 669 948 6,795 6,308 13,523 13,785 External sales and other operating revenues gas & low carbon energy 5,438 9,588 13,843 26,938 oil production & operations 677 541 1,196 433 customers & products 41,075 38,231 80,677 76,969 other businesses & corporate 109 178 463 380 Total sales and other operating revenues 47,299 48,538 96,179 104,720 By geographical area US 20,340 20,065 40,198 39,225 Non-US 36,832 38,492 76,040 84,842 57,172 58,557 116,238 124,067 Less: sales and other operating revenues between areas 9,873 10,019 20,059 19,347 47,299 48,538 96,179 104,720 Revenues from contracts with customers Sales and other operating revenues include the following in relation to revenues from contracts with customers: Crude oil 538 520 1,086 1,157 Oil products 32,548 31,218 62,388 61,359 Natural gas, LNG and NGLs 4,987 5,841 10,738 15,485 Non-oil products and other revenues from contracts with customers 3,108 2,750 6,036 4,622 Revenue from contracts with customers 41,181 40,329 80,248 82,623 Other operating revenues (a) 6,118 8,209 15,931 22,097 Total sales and other operating revenues 47,299 48,538 96,179 104,720

Depreciation, depletion and a_2

Depreciation, depletion and amortization (Tables)	6 Months Ended
	Jun. 30, 2024
Analysis of income and expense [abstract]
Disclosure Of Detailed Information About Depreciation And Amortization Expense [Table Text Block]	Second Second First First quarter quarter half half $ million 2024 2023 2024 2023 Total depreciation, depletion and amortization by segment gas & low carbon energy 1,209 1,407 2,502 2,847 oil production & operations 1,698 1,370 3,355 2,697 customers & products 939 894 1,883 1,691 other businesses & corporate 252 252 508 488 4,098 3,923 8,248 7,723 Total depreciation, depletion and amortization by geographical area US 1,703 1,338 3,273 2,592 Non-US 2,395 2,585 4,975 5,131 4,098 3,923 8,248 7,723

Earnings per share (Tables)

Earnings per share (Tables)	6 Months Ended
	Jun. 30, 2024
Earnings per share [abstract]
Earnings per share [text block]	Second Second First First quarter quarter half half $ million 2024 2023 2024 2023 Results for the period Profit (loss) for the period attributable to bp shareholders (129) 1,792 2,134 10,010 Less: preference dividend 1 1 1 1 Less: (gain) loss on redemption of perpetual hybrid bonds (a) — — (10) — Profit (loss) attributable to bp ordinary shareholders (130) 1,791 2,143 10,009 Number of shares (thousand) (b)(c) Basic weighted average number of shares outstanding 16,590,173 17,523,778 16,670,999 17,706,388 ADS equivalent (d) 2,765,028 2,920,629 2,778,499 2,951,064 Weighted average number of shares outstanding used to calculate diluted earnings per share 16,590,173 17,900,984 17,090,967 18,068,256 ADS equivalent (d) 2,765,028 2,983,497 2,848,494 3,011,376 Shares in issue at period-end 16,491,420 17,379,366 16,491,420 17,379,366 ADS equivalent (d) 2,748,570 2,896,561 2,748,570 2,896,561 (a) See Condensed group statement of changes in equity - footnote (a) for further information. (b) If the inclusion of potentially issuable shares would decrease loss per share, the potentially issuable shares are excluded from the weighted average number of shares outstanding used to calculate diluted earnings per share. The numbers of potentially issuable shares that have been excluded from the calculation for the second quarter 2024 are 374,406 thousand (ADS equivalent 62,401 thousand). (c) Excludes treasury shares and includes certain shares that will be issued in the future under employee share-based payment plans. (d) One ADS is equivalent to six ordinary shares. Issued ordinary share capital as at 30 June 2024 comprised 16,608,133,770 ordinary shares (31 December 2023 17,174,461,587 ordinary shares). This includes shares held in trust to settle future employee share plan obligations and excludes 722,282,438 ordinary shares which have been bought back and are held in treasury by bp (31 December 2023 726,338,898 ordinary shares).

Dividends (Tables)

Dividends (Tables)	6 Months Ended
	Jun. 30, 2024
Interim Financial Reporting [Abstract]
Disclosure of dividends announced and paid [Table Text Block]	Dividends payable bp today announced an interim dividend of 8.000 cents per ordinary share which is expected to be paid on 20 September 2024 to ordinary shareholders and American Depositary Share (ADS) holders on the register on 9 August 2024. The ex-dividend date will be 8 August 2024 for ordinary shareholders and 9 August 2024 for ADS holders. The corresponding amount in sterling is due to be announced on 3 September 2024, calculated based on the average of the market exchange rates over three dealing days between 28 August 2024 and 30 August 2024. Holders of ADSs are expected to receive $0.48 per ADS (less applicable fees). The board has decided not to offer a scrip dividend alternative in respect of the second quarter 2024 dividend. Ordinary shareholders and ADS holders (subject to certain exceptions) will be able to participate in a dividend reinvestment programme. Details of the second quarter dividend and timetable are available at bp.com/dividends and further details of the dividend reinvestment programmes are available at bp.com/drip . Second Second First First quarter quarter half half 2024 2023 2024 2023 Dividends paid per ordinary share cents 7.270 6.610 14.540 13.220 pence 5.683 5.309 11.375 10.860 Dividends paid per ADS (cents) 43.62 39.66 87.24 79.32

Net debt (Tables)

Net debt (Tables)	6 Months Ended
	Jun. 30, 2024
Subclassifications of assets, liabilities and equities [abstract]
Disclosure of the net debt ratio	Net debt* 30 June 30 June 31 December $ million 2024 2023 2023 Finance debt (a) 54,986 49,738 51,954 Fair value (asset) liability of hedges related to finance debt (b) 2,519 2,836 1,988 57,505 52,574 53,942 Less: cash and cash equivalents 34,891 28,914 33,030 Net debt (c) 22,614 23,660 20,912 Total equity 82,199 85,603 85,493 Gearing* 21.6% 21.7% 19.7% (a) The fair value of finance debt at 30 June 2024 was $50,677 million (30 June 2023 $45,580 million, 31 December 2023 $48,795 million). (b) Derivative financial instruments entered into for the purpose of managing foreign currency exchange risk associated with net debt with a fair value liability position of $144 million at 30 June 2024 (second quarter 2023 liability of $98 million and fourth quarter 2023 liability of $73 million) are not included in the calculation of net debt shown above as hedge accounting is not applied for these instruments. (c) Net debt does not include accrued interest, which is reported within other receivables and other payables on the balance sheet and for which the associated cash flows are presented as operating cash flows in the group cash flow statement.

Non-current assets held for s_2

Non-current assets held for sale (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2024	Dec. 31, 2023
Assets and liabilities held for sale [Line Items]
Non-current assets or disposal groups classified as held for sale or as held for distribution to owners	$ 1,512	$ 151
Liabilities included in disposal groups classified as held for sale	31	$ 62
Turkey [Member]
Assets and liabilities held for sale [Line Items]
Non-current assets or disposal groups classified as held for sale or as held for distribution to owners	104
Liabilities included in disposal groups classified as held for sale	8
Expected reclassification adjustments on exchange differences on translation before tax	930
EGYPT
Assets and liabilities held for sale [Line Items]
Non-current assets or disposal groups classified as held for sale or as held for distribution to owners	1,408
Liabilities included in disposal groups classified as held for sale	$ 23

Impairment of assets (Details)

Impairment of assets (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Disclosure of impairment loss and reversal of impairment loss [line items]
Impairment loss (reversal of impairment loss) net of losses of sales of businesses and fixed assets recognised in profit or loss	$ 1,309	$ 1,269	$ 2,046	$ 1,357
Impairment loss (reversal of impairment loss) recognised in profit or loss	$ 1,296	$ 1,208	$ 1,945	$ 1,167

Analysis of replacement cost _3

Analysis of replacement cost profit (loss) before interest and tax and reconciliation to profit (loss) before taxation (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Disclosure of operating segments [line items]
Replacement Cost Profit (Loss) Before Interest And Taxation, Before Adjustments	$ 2,639	$ 5,115	$ 7,423	$ 18,369
Replacement Cost Profit (Loss) Before Interest And Taxation	2,566	5,085	7,382	18,317
Profit (loss) from operating activities	2,430	4,353	8,097	16,985
Finance costs	1,216	920	2,291	1,763
Interest Income (Expense) Relating To Pensions And Other Post-Retirement Benefits	(40)	(61)	(81)	(119)
Profit (loss) before tax	1,254	3,494	5,887	15,341
UNITED STATES
Disclosure of operating segments [line items]
Replacement Cost Profit (Loss) Before Interest And Taxation	1,545	2,244	3,155	5,319
Non-US
Disclosure of operating segments [line items]
Replacement Cost Profit (Loss) Before Interest And Taxation	1,021	2,841	4,227	12,998
gas & low carbon energy
Disclosure of operating segments [line items]
Inventory Holding Gains (Losses)	0	0	0	1
oil production & operations
Disclosure of operating segments [line items]
Inventory Holding Gains (Losses)	1	0	0	1
customers & products
Disclosure of operating segments [line items]
Inventory Holding Gains (Losses)	(137)	(732)	715	(1,334)
Operating segments [member] | gas & low carbon energy
Disclosure of operating segments [line items]
Replacement Cost Profit (Loss) Before Interest And Taxation, Before Adjustments	(315)	2,289	721	9,636
Operating segments [member] | oil production & operations
Disclosure of operating segments [line items]
Replacement Cost Profit (Loss) Before Interest And Taxation, Before Adjustments	3,267	2,568	6,327	5,885
Operating segments [member] | customers & products
Disclosure of operating segments [line items]
Replacement Cost Profit (Loss) Before Interest And Taxation, Before Adjustments	(133)	555	855	3,235
Other Business And Corporate, Non-Segment | Other Business And Corporate, Non-Segment
Disclosure of operating segments [line items]
Replacement Cost Profit (Loss) Before Interest And Taxation, Before Adjustments	(180)	(297)	(480)	(387)
Consolidation adjustments and eliminations
Disclosure of operating segments [line items]
Consolidation adjustment - UPII	$ (73)	$ (30)	$ (41)	$ (52)

Sales and other operating rev_3

Sales and other operating revenues (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Disclosure of operating segments [abstract]
Revenue And Other Operating Income, Gross	$ 54,094	$ 54,846	$ 109,702	$ 118,505
Revenue And Other Operating Income, Intersegment	6,795	6,308	13,523	13,785
Revenue and other operating income	47,299	48,538	96,179	104,720
Revenue from contracts with customers	41,181	40,329	80,248	82,623
Other revenue	6,118	8,209	15,931	22,097
Crude Oil [Member]
Disclosure of operating segments [abstract]
Revenue from contracts with customers	538	520	1,086	1,157
Oil products [Member]
Disclosure of operating segments [abstract]
Revenue from contracts with customers	32,548	31,218	62,388	61,359
Natural gas, LNG and NGLs [Member]
Disclosure of operating segments [abstract]
Revenue from contracts with customers	4,987	5,841	10,738	15,485
Non-oil products and other revenues from contracts with customers [Member]
Disclosure of operating segments [abstract]
Revenue from contracts with customers	3,108	2,750	6,036	4,622
Operating segments [member] | gas & low carbon energy
Disclosure of operating segments [abstract]
Revenue And Other Operating Income, Gross	5,809	10,428	14,484	28,314
Revenue And Other Operating Income, Intersegment	371	840	641	1,376
Revenue and other operating income	5,438	9,588	13,843	26,938
Operating segments [member] | oil production & operations
Disclosure of operating segments [abstract]
Revenue And Other Operating Income, Gross	6,659	5,777	13,091	11,930
Revenue And Other Operating Income, Intersegment	5,982	5,236	11,895	11,497
Revenue and other operating income	677	541	1,196	433
Operating segments [member] | customers & products
Disclosure of operating segments [abstract]
Revenue And Other Operating Income, Gross	41,100	38,051	80,995	76,933
Revenue And Other Operating Income, Intersegment	25	(180)	318	(36)
Revenue and other operating income	41,075	38,231	80,677	76,969
Other Business And Corporate, Non-Segment
Disclosure of operating segments [abstract]
Revenue And Other Operating Income, Gross	526	590	1,132	1,328
Revenue And Other Operating Income, Intersegment	417	412	669	948
Revenue and other operating income	109	178	463	380
Geography Eliminations [Member]
Disclosure of operating segments [abstract]
Revenue and other operating income	9,873	10,019	20,059	19,347
Reportable Geographical Components [Member]
Disclosure of operating segments [abstract]
Revenue and other operating income	57,172	58,557	116,238	124,067
Reportable Geographical Components [Member] | UNITED STATES
Disclosure of operating segments [abstract]
Revenue and other operating income	20,340	20,065	40,198	39,225
Reportable Geographical Components [Member] | Non-US
Disclosure of operating segments [abstract]
Revenue and other operating income	$ 36,832	$ 38,492	$ 76,040	$ 84,842

Depreciation, depletion and a_3

Depreciation, depletion and amortization (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Disclosure of operating segments [line items]
Depreciation, depletion and amortization	$ 4,098	$ 3,923	$ 8,248	$ 7,723
UNITED STATES
Disclosure of operating segments [line items]
Depreciation, depletion and amortization	1,703	1,338	3,273	2,592
Non-US
Disclosure of operating segments [line items]
Depreciation, depletion and amortization	2,395	2,585	4,975	5,131
Operating segments [member] | gas & low carbon energy
Disclosure of operating segments [line items]
Depreciation, depletion and amortization	1,209	1,407	2,502	2,847
Operating segments [member] | oil production & operations
Disclosure of operating segments [line items]
Depreciation, depletion and amortization	1,698	1,370	3,355	2,697
Operating segments [member] | customers & products
Disclosure of operating segments [line items]
Depreciation, depletion and amortization	939	894	1,883	1,691
Other Business And Corporate, Non-Segment
Disclosure of operating segments [line items]
Depreciation, depletion and amortization	$ 252	$ 252	$ 508	$ 488

Earnings per share (Details)

Earnings per share (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Earnings per share [line items]
Payments to acquire or redeem entity's shares	$ 1,751	$ 2,073	$ 3,501	$ 4,521
Profit (loss), attributable to owners of parent	(129)	1,792	2,134	10,010
Adjustment to profit (loss) for preference share dividends	1	1	1	1
Loss (gain) on redemption of other changes, equity, net of tax	0	0	(10)	0
Profit (loss), attributable to ordinary equity holders of parent entity	(130)	$ 1,791	$ 2,143	$ 10,009
Subsequent Event1
Earnings per share [line items]
Payments to acquire or redeem entity's shares	$ 748
Ordinary shares [member]
Earnings per share [line items]
Weighted average number of ordinary shares outstanding	16,590,173,000	17,523,778,000	16,670,999,000	17,706,388,000
Adjusted weighted average number of ordinary shares outstanding	16,590,173,000	17,900,984,000	17,090,967,000	18,068,256,000
Number Of Shares Outstanding And Reserved For Future Issuance	16,491,420,000	17,379,366,000	16,491,420,000	17,379,366,000
Adjusted weighted average number of ordinary shares outstanding, number of shares excluded	374,406,000
Number of shares issued	16,608,133,770		16,608,133,770		17,174,461,587
Treasury stock, shares	722,282,438		722,282,438		726,338,898
Ordinary shares [member] | Authority granted at 2023 AGM
Earnings per share [line items]
Increase (Decrease) In Number Of Shares Outstanding Through Share Repurchase, Equity	(116,000,000)
Ordinary shares [member] | Authority granted at 2024 AGM
Earnings per share [line items]
Increase (Decrease) In Number Of Shares Outstanding Through Share Repurchase, Equity	(163,000,000)
Ordinary shares [member] | Subsequent Event1
Earnings per share [line items]
Increase (Decrease) In Number Of Shares Outstanding Through Share Repurchase, Equity	(125,000,000)
ADS [Member]
Earnings per share [line items]
Weighted average number of ordinary shares outstanding	2,765,028,000	2,920,629,000	2,778,499,000	2,951,064,000
Adjusted weighted average number of ordinary shares outstanding	2,765,028,000	2,983,497,000	2,848,494,000	3,011,376,000
Number Of Shares Outstanding And Reserved For Future Issuance	2,748,570,000	2,896,561,000	2,748,570,000	2,896,561,000
Adjusted weighted average number of ordinary shares outstanding, number of shares excluded	62,401,000

Dividends (Details)

Dividends (Details)			3 Months Ended				6 Months Ended
	Aug. 30, 2024 day	Jul. 30, 2024 $ / shares	Jun. 30, 2024 $ / shares	Jun. 30, 2024 £ / shares	Jun. 30, 2023 $ / shares	Jun. 30, 2023 £ / shares	Jun. 30, 2024 $ / shares	Jun. 30, 2024 £ / shares	Jun. 30, 2023 $ / shares	Jun. 30, 2023 £ / shares
Disclosure of classes of share capital [line items]
Dividends Proposed Or Declared, Average Of Market Exchange Rates, Number Of Days | day	3
Ordinary shares [member]
Disclosure of classes of share capital [line items]
Dividends proposed or declared before financial statements authorised for issue but not recognised as distribution to owners per share		$ 0.08000
Dividends paid, ordinary shares per share | (per share)			$ 0.07270	£ 0.05683	$ 0.06610	£ 0.05309	$ 0.14540	£ 0.11375	$ 0.13220	£ 0.10860
ADS [Member]
Disclosure of classes of share capital [line items]
Dividends proposed or declared before financial statements authorised for issue but not recognised as distribution to owners per share		$ 0.48
Dividends paid, ordinary shares per share			$ 0.4362		$ 0.3966		$ 0.8724		$ 0.7932

Net debt (Details)

Net debt (Details) $ in Millions	Jun. 30, 2024 USD ($)	Mar. 31, 2024 USD ($)	Dec. 31, 2023 USD ($)	Jun. 30, 2023 USD ($)	Mar. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)
Disclosure of detailed information about hedges [line items]
Finance debt	$ 54,986		$ 51,954	$ 49,738
Financial instruments designated as hedging instruments, at fair value	2,519		1,988	2,836
Finance debt, net of hedging instruments	57,505		53,942	52,574
Cash and cash equivalents	34,891	$ 31,510	33,030	28,914	$ 30,433	$ 29,195
Net debt	22,614		20,912	23,660
Equity	$ 82,199		$ 85,493	$ 85,603		$ 82,990
Gearing	0.216		0.197	0.217
Borrowings [Member]
Disclosure of detailed information about hedges [line items]
Financial liabilities, at fair value	$ 50,677		$ 48,795	$ 45,580
Derivatives [member] | Debt Hedges
Disclosure of detailed information about hedges [line items]
Financial liabilities at fair value through profit or loss	$ 144		$ 73	$ 98