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Consolidated statement of cash flow - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
CASH FLOW FROM OPERATING ACTIVITIES      
Net income $ (7,336) $ 11,438 $ 11,550
Depreciation, depletion, amortization and impairment 22,861 16,401 14,584
Non-current liabilities, valuation allowances, and deferred taxes (1,782) (58) (887)
(Gains) losses on disposals of assets (909) (614) (930)
Undistributed affiliates' equity earnings 948 (1,083) (826)
(Increase) decrease in working capital 1,869 (1,718) 769
Other changes, net (848) 319 443
CASH FLOW FROM OPERATING ACTIVITIES 14,803 24,685 24,703
CASH FLOW USED IN INVESTING ACTIVITIES      
Intangible assets and property, plant and equipment additions (10,764) (11,810) (17,080)
Acquisitions of subsidiaries, net of cash acquired (966) (4,748) (3,379)
Investments in equity affiliates and other securities (2,120) (1,618) (1,108)
Increase in non-current loans (1,684) (1,061) (618)
Total expenditures (15,534) (19,237) (22,185)
Proceeds from disposals of intangible assets and property, plant and equipment 740 527 3,716
Proceeds from disposals of subsidiaries, net of cash sold 282 158 12
Proceeds from disposals of non-current investments 578 349 1,444
Repayment of non-current loans 855 1,026 2,067
Total divestments 2,455 2,060 7,239
CASH FLOW USED IN INVESTING ACTIVITIES (13,079) (17,177) (14,946)
CASH FLOW FROM FINANCING ACTIVITIES      
Issuance (repayment) of shares: Parent company shareholders 374 452 498
Issuance (repayment) of shares: Treasury shares (611) (2,810) (4,328)
Dividends paid: Parent company shareholders (6,688) (6,641) (4,913)
Dividends paid: Non-controlling interests (184) (115) (97)
Net issuance of perpetual subordinated notes 331    
Payments on perpetual subordinated notes (315) (371) (325)
Other transactions with non-controlling interests (204) 10 (622)
Net issuance (repayment) of non-current debt 15,800 8,131 649
Increase (decrease) in current borrowings (6,501) (5,829) (3,990)
Increase (decrease) in current financial assets and liabilities (604) (536) (797)
CASH FLOW FROM / (USED IN) FINANCING ACTIVITIES 1,398 (7,709) (13,925)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 3,122 (201) (4,168)
Effect of exchange rates 794 (354) (1,110)
Cash and cash equivalents at the beginning of the period 27,352 27,907 33,185
CASH AND CASH EQUIVALENTS AT THE END OF THE PERIOD $ 31,268 $ 27,352 $ 27,907