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Consolidated statement of cash flow - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
CASH FLOW FROM OPERATING ACTIVITIES      
Consolidated net income $ 11,438 $ 11,550 $ 8,299
Depreciation, depletion, amortization and impairment 16,401 14,584 16,611
Non-current liabilities, valuation allowances, and deferred taxes (58) (887) (384)
(Gains) losses on disposals of assets (614) (930) (2,598)
Undistributed affiliates' equity earnings (1,083) (826) 42
(Increase) decrease in working capital (1,718) 769 827
Other changes, net 319 443 (478)
Cash flow from operating activities 24,685 24,703 22,319
CASH FLOW USED IN INVESTING ACTIVITIES      
Intangible assets and property, plant and equipment additions (11,810) (17,080) (13,767)
Acquisitions of subsidiaries, net of cash acquired (4,748) (3,379) (800)
Investments in equity affiliates and other securities (1,618) (1,108) (1,368)
Increase in non-current loans (1,061) (618) (961)
Total expenditures (19,237) (22,185) (16,896)
Proceeds from disposals of intangible assets and property, plant and equipment 527 3,716 1,036
Proceeds from disposals of subsidiaries, net of cash sold 158 12 2,909
Proceeds from disposals of non-current investments 349 1,444 294
Repayment of non-current loans 1,026 2,067 1,025
Total divestments 2,060 7,239 5,264
Cash flow used in investing activities (17,177) (14,946) (11,632)
CASH FLOW FROM FINANCING ACTIVITIES      
Issuance (repayment) of shares: Parent company shareholders 452 498 519
Issuance (repayment) of shares: Treasury shares (2,810) (4,328)  
Dividends paid: Parent company shareholders (6,641) (4,913) (2,643)
Dividends paid: Non-controlling interests (115) (97) (141)
Payments on perpetual subordinated notes (371) (325) (276)
Other transactions with non-controlling interests 10 (622) (4)
Net issuance (repayment) of non-current debt 8,131 649 2,277
Increase (decrease) in current borrowings (5,829) (3,990) (7,175)
Increase (decrease) in current financial assets and liabilities (536) (797) 1,903
Cash flow from / (used in) financing activities (7,709) (13,925) (5,540)
Net increase (decrease) in cash and cash equivalents (201) (4,168) 5,147
Effect of exchange rates (354) (1,110) 3,441
Cash and cash equivalents at the beginning of the period 27,907 33,185 24,597
Cash and cash equivalents at the end of the period $ 27,352 $ 27,907 $ 33,185