Capital Expenditure (CAPEX)

Total CAPEX

In mn

Total CAPEX (bar chart)

Upstream decreased mainly as a result of a cut-back of capitalized E&A following a widespread effort to reduce spending in 2020. 2019 was impacted by the acquisition of a 50% interest in SapuraOMV in Malaysia.

Downstream CAPEX increase was mainly related to the acquisition of an additional 39% share in Borealis AG.

The reconciliation of total expenditure to the investments as shown in the cash flow statement is depicted in the following table:

Capital expenditure 1

In EUR mn

 

 

 

 

2020

2019

Total capital expenditure

6,048

4,916

23%

+/– Changes in the consolidated Group and other adjustments

(3,954)

(411)

n.m.

– Investments in financial assets

(156)

(2,155)

93%

Additions according to statement of non-current assets (intangible and tangible assets)

1,938

2,351

(18)%

+/– Non-cash changes

21

(193)

n.m.

Cash outflow from investments in intangible assets and property, plant and equipment

1,960

2,158

(9)%

+ Cash outflow from investments, loans and other financial assets

194

2,265

(91)%

+ Acquisitions of subsidiaries and businesses net of cash acquired

3,880

460

n.m.

Investments as shown in the cash flow statement

6,034

4,883

24%

1

Includes acquisitions as well as equity-accounted investments and other interests; adjusted for capitalized decommissioning costs, exploration wells that have not found proved reserves, borrowing costs and other additions that by definition are not considered capital expenditure

EUR
Euro
CAPEX
Capital Expenditure