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Segment Disclosures and Related Information
 6 Months Ended
Jun. 30, 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. In 2012, we also agreed to sell our Nigerian and Algerian businesses and our interest in Kashagan. As such, results for these operations have been reported as discontinued operations in all periods presented. 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 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 Six Months Ended
 June 30June 30
   2013 2012 2013 2012
Sales and Other Operating Revenues        
Alaska$ 2,169  2,393  4,273  5,130
Lower 48 and Latin America  4,901  4,172  9,723  9,303
Intersegment eliminations  (26)  (41)  (55)  (156)
 Lower 48 and Latin America  4,875  4,131  9,668  9,147
Canada  1,405  1,074  2,660  2,292
Intersegment eliminations  (155)  (77)  (313)  (213)
 Canada  1,250  997  2,347  2,079
Europe  2,408  3,926  5,861  7,528
Intersegment eliminations  -  -  -  (72)
 Europe  2,408  3,926  5,861  7,456
Asia Pacific and Middle East  2,086  1,634  4,304  3,530
Other International  457  573  940  883
Corporate and Other  105  10  123  32
Consolidated sales and other operating revenues$ 13,350  13,664  27,516  28,257

Net Income Attributable to ConocoPhillips        
Alaska$ 682  551  1,225  1,171
Lower 48 and Latin America  247  119  380  374
Canada  5  (94)  138  (643)
Europe  261  669  692  1,058
Asia Pacific and Middle East  1,017  772  1,935  2,510
Other International  14  (57)  28  (36)
Corporate and Other  (173)  (262)  (335)  (573)
Discontinued operations  (3)  569  126  1,343
Consolidated net income attributable to ConocoPhillips$ 2,050  2,267  4,189  5,204

 Millions of Dollars
 June 30 December 31
20132012
Total Assets    
Alaska$ 11,380  10,950
Lower 48 and Latin America  29,012  28,895
Canada  21,938  22,308
Europe  14,966  15,562
Asia Pacific and Middle East  23,997  23,721
Other International  1,720  1,418
Corporate and Other  6,237  6,823
Discontinued operations  7,697  7,467
Consolidated total assets$ 116,947  117,144