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Net capital investment

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NET CAPITAL INVESTMENT

$ MILLION

 

2011

2010

2009

2008

2007

[A]

Includes finance leases and other adjustments related to timing differences between the recognition of assets and associated underlying cash flows.

[B]

Includes proceeds from the sale of assets, equity-accounted investments and securities, as shown in the Consolidated statement of cash flows.

Capital expenditure

 

 

 

 

 

Upstream

 

 

 

 

 

Europe

1,731

1,892

3,117

2,689

2,669

Asia-Pacific

5,683

2,794

2,010

1,720

1,458

Other

4,133

5,128

6,792

9,069

8,390

Upstream International

11,547

9,814

11,919

13,478

12,517

Upstream Americas

9,134

12,509

8,345

15,469

6,700

Total Upstream

20,681

22,323

20,264

28,947

19,217

Downstream

 

 

 

 

 

Oil products

4,845

3,714

3,994

3,796

3,601

Chemicals

634

809

1,985

2,081

1,344

Total Downstream

5,479

4,523

5,979

5,877

4,945

Corporate

141

94

273

241

414

Total capital expenditure

26,301

26,940

26,516

35,065

24,576

Exploration expense

1,462

1,214

1,186

1,447

1,115

Leases and other adjustments [A]

1,402

358

1,078

47

(471)

New equity in equity-accounted investments

1,466

1,646

1,270

1,294

1,472

New loans to equity-accounted investments

420

404

1,685

591

380

Total capital investment

31,051

30,562

31,735

38,444

27,072

Proceeds from divestments [B]

 

 

 

 

 

Upstream

4,280

4,487

1,625

3,909

7,807

Downstream

3,206

2,401

1,278

2,932

2,613

Corporate

62

(6)

(50)

182

213

Total

7,548

6,882

2,853

7,023

10,633

Total net capital investment *

23,503

23,680

28,882

31,421

16,439

* Comprising

 

 

 

 

 

Upstream**

19,083

21,222

22,326

28,257

13,555

Upstream International

11,243

8,497

13,564

12,324

7,515

Upstream Americas

7,840

12,725

8,762

15,933

6,040

Downstream

4,342

2,358

6,232

3,104

2,682

Oil products

3,793

1,714

4,638

1,343

1,315

Chemicals

549

644

1,594

1,761

1,367

Corporate

78

100

324

60

202

Total

23,503

23,680

28,882

31,421

16,439

** Of which integrated gas

4,537

2,890

5,119

6,999

1,460