v2.4.0.6

Segment Disclosures and Related Information | 9 Months Ended
--- | ---
Sep. 30, 2012
Segment Disclosures and Related Information [Abstract] |
Segment Disclosures and Related Information | Note 20—Segment Disclosures and Related Information We explore for, produce, transport and market crude oil, bitumen, natural gas, LNG and natural gas liquids on a worldwide basis. We manage our operations through six operating segments, which are defined by geographic region: Alaska, Lower 48 and Latin America, Canada, Europe, Asia Pacific and Middle East, and Other International. O n April 30, 2012, our Downstream business was separated into a stand-alone, publicly traded corporation, Phillips 66, and has been reported as discontinued operations in all periods presented. Our reportable segments changed upon separation, and, as a result, all prior periods presented have been restated. Commodity sales to Phillips 66, which were previously eliminated in consolidation prior to the separation, are now reported as third-party sales. For additional information, see Note 2—Separation of Downstream Business. Our LUKOIL Investment represents our prior investment in the ordinary shares of OAO LUKOIL, an international, integrated oil and gas company headquartered in Russia. We completed the divestiture of our entire interest in LUKOIL in the first quarter of 2011. Corporate and Other represents costs not directly associated with an operating segment, such as most interest expense, corporate overhead, ongoing costs associated with the separation and certain technology activities, net of licensing revenues. Corporate assets include all cash and cash equivalents, short-term investments and restricted cash. We evaluate performance and allocate resources based on net income attributable to ConocoPhillips. Intersegment sales are at prices that approximate market.
Analysis of Results by Operating Segment |  |  |  |  |  |  |  |
|  | Millions of Dollars
|  | Three Months Ended |  | Nine Months Ended
| September 30 | September 30
|  |  | 2012 |  | 2011 |  | 2012 |  | 2011
Sales and Other Operating Revenues |  |  |  |  |  |  |  |
Alaska | $ | 2,005 |  | 2,363 |  | 7,135 |  | 7,280
Lower 48 and Latin America |  | 4,807 |  | 6,296 |  | 14,110 |  | 17,921
Intersegment eliminations |  | (40) |  | (63) |  | (196) |  | (227)
| Lower 48 and Latin America |  | 4,767 |  | 6,233 |  | 13,914 |  | 17,694
Canada |  | 1,288 |  | 1,595 |  | 3,580 |  | 4,681
Intersegment eliminations |  | (117) |  | (230) |  | (330) |  | (758)
| Canada |  | 1,171 |  | 1,365 |  | 3,250 |  | 3,923
Europe |  | 3,285 |  | 3,915 |  | 10,813 |  | 12,294
Intersegment eliminations |  | - |  | - |  | (72) |  | (50)
| Europe |  | 3,285 |  | 3,915 |  | 10,741 |  | 12,244
Asia Pacific and Middle East |  | 2,167 |  | 2,151 |  | 5,697 |  | 6,730
Intersegment eliminations |  | (41) |  | (1) |  | (41) |  | (1)
| Asia Pacific and Middle East |  | 2,126 |  | 2,150 |  | 5,656 |  | 6,729
Other International |  | 1,067 |  | 399 |  | 2,663 |  | 1,442
LUKOIL Investment |  | - |  | - |  | - |  | -
Corporate and Other |  | 99 |  | 81 |  | 133 |  | 150
Consolidated sales and other operating revenues | $ | 14,520 |  | 16,506 |  | 43,492 |  | 49,462
Net Income Attributable to ConocoPhillips |  |  |  |  |  |  |  |
Alaska | $ | 535 |  | 502 |  | 1,706 |  | 1,558
Lower 48 and Latin America |  | 182 |  | 334 |  | 556 |  | 996
Canada |  | (31) |  | 73 |  | (674) |  | 201
Europe |  | 132 |  | 266 |  | 1,190 |  | 1,265
Asia Pacific and Middle East |  | 669 |  | 469 |  | 3,179 |  | 2,288
Other International |  | 567 |  | 53 |  | 634 |  | 251
LUKOIL Investment |  | - |  | - |  | - |  | 239
Corporate and Other |  | (257) |  | (215) |  | (836) |  | (728)
Discontinued operations |  | 1 |  | 1,134 |  | 1,247 |  | 2,976
Consolidated net income attributable to ConocoPhillips | $ | 1,798 |  | 2,616 |  | 7,002 |  | 9,046
| Millions of Dollars
| September 30 |  | December 31
2012 | 2011
Total Assets |  |  |  |
Alaska | $ | 11,062 |  | 10,723
Lower 48 and Latin America |  | 28,444 |  | 25,872
Canada |  | 22,075 |  | 20,847
Europe |  | 14,305 |  | 12,452
Asia Pacific and Middle East |  | 23,532 |  | 22,374
Other International |  | 9,741 |  | 9,070
LUKOIL Investment |  | - |  | -
Corporate and Other |  | 6,210 |  | 8,485
Discontinued operations |  | - |  | 43,407
Consolidated total assets | $ | 115,369 |  | 153,230

X
- Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8864-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8906-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8933-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 35 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8984-108599 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8380-108599 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8538-108599 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9054-108599 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8595-108599 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 131 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8981-108599 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 33 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8971-108599 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8844-108599 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8924-108599 Reference 14: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9031-108599 Reference 15: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9038-108599 + Details
Name: | us-gaap_SegmentReportingDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration