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Segment Disclosures and Related Information
 3 Months Ended
Mar. 31, 2013
Segment Disclosures and Related Information [Abstract]  
Segment Disclosures and Related Information

Note 21—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.

 

On April 30, 2012, our Downstream business was separated into a stand-alone, publicly traded corporation, Phillips 66. Results of operations for Phillips 66 for the period ended March 31, 2012, have been reported as discontinued operations. Commodity sales to Phillips 66, which were previously eliminated in consolidation prior to the separation, are now reported as third-party sales. In 2012, we also agreed to sell our Nigerian and Algerian businesses and our interest in Kashagan. Results of operations for Nigeria, Algeria and Kashagan have been reported as discontinued operations in all periods presented. For additional information, see Note 3—Discontinued Operations.

 

Corporate and Other represents costs not directly associated with an operating segment, such as most interest expense, corporate overhead, 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
March 31
  2013 2012
Sales and Other Operating Revenues    
Alaska$ 2,104  2,737
Lower 48 and Latin America  4,822  5,131
Intersegment eliminations  (29)  (115)
Lower 48 and Latin America  4,793  5,016
Canada  1,255  1,218
Intersegment eliminations  (158)  (136)
Canada  1,097  1,082
Europe  3,453  3,602
Intersegment eliminations  -  (72)
Europe  3,453  3,530
Asia Pacific and Middle East  2,218  1,896
Other International  483  310
Corporate and Other  18  22
Consolidated sales and other operating revenues$ 14,166  14,593

Net Income Attributable to ConocoPhillips    
Alaska$ 543  620
Lower 48 and Latin America  133  255
Canada  133  (549)
Europe  431  389
Asia Pacific and Middle East  918  1,738
Other International  14  21
Corporate and Other  (162)  (311)
Discontinued operations  129  774
Consolidated net income attributable to ConocoPhillips$ 2,139  2,937
     

 Millions of Dollars
 March 31 December 31
20132012
Total Assets    
Alaska$ 11,241  10,950
Lower 48 and Latin America  28,250  28,895
Canada  22,306  22,308
Europe  15,071  15,562
Asia Pacific and Middle East  24,038  23,721
Other International  1,462  1,418
Corporate and Other  7,826  6,823
Discontinued operations  7,586  7,467
Consolidated total assets$ 117,780  117,144