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Segment Disclosures and Related Information | 9 Months Ended
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Sep. 30, 2018
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 primarily defined by geographic region: Alaska, Lower 48, Canada, Europe and North Africa, Asia Pacific and Middle East, and Other International. Corporate and Other represents costs not directly associated with an operati ng segment, such as most interest expense, corporate overhead and certain technology activities, including licensing revenues. Corporate assets include all cash and cash equivalents and short-term investments. We evaluate performance and allocate resou rces based on net income (loss) 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 |
|  | 2018 |  | 2017 | * | 2018 |  | 2017 | *
Sales and Other Operating Revenues |  |  |  |  |  |  |  |  |
Alaska | $ | 1,493 |  | 932 |  | 4,281 |  | 3,010 |
Lower 48 |  | 4,543 |  | 3,102 |  | 12,347 |  | 9,422 |
Intersegment eliminations |  | (14) |  | (2) |  | (18) |  | (7) |
Lower 48 |  | 4,529 |  | 3,100 |  | 12,329 |  | 9,415 |
Canada |  | 735 |  | 699 |  | 2,436 |  | 2,357 |
Intersegment eliminations |  | (308) |  | (155) |  | (853) |  | (330) |
Canada |  | 427 |  | 544 |  | 1,583 |  | 2,027 |
Europe and North Africa |  | 1,574 |  | 1,110 |  | 4,826 |  | 3,564 |
Asia Pacific and Middle East |  | 1,348 |  | 959 |  | 3,570 |  | 2,877 |
Corporate and Other |  | 78 |  | 43 |  | 162 |  | 94 |
Consolidated sales and other operating revenues | $ | 9,449 |  | 6,688 |  | 26,751 |  | 20,987 |
Sales and Other Operating Revenues by Geographic Location |
United States | $ | 6,025 |  | 4,038 |  | 16,617 |  | 12,440 |
Australia |  | 515 |  | 323 |  | 1,258 |  | 1,050 |
Canada |  | 427 |  | 544 |  | 1,583 |  | 2,027 |
China |  | 262 |  | 148 |  | 616 |  | 511 |
Indonesia |  | 234 |  | 191 |  | 662 |  | 554 |
Libya** |  | 264 |  | 91 |  | 802 |  | 315 |
Malaysia |  | 339 |  | 297 |  | 1,039 |  | 768 |
Norway |  | 734 |  | 583 |  | 2,112 |  | 1,751 |
United Kingdom |  | 574 |  | 437 |  | 1,911 |  | 1,498 |
Other foreign countries |  | 75 |  | 36 |  | 151 |  | 73 |
Worldwide consolidated | $ | 9,449 |  | 6,688 |  | 26,751 |  | 20,987 |
Sales and Other Operating Revenues by Product |  |  |  |  |  |  |  |  |
Crude Oil | $ | 5,277 |  | 2,947 |  | 14,503 |  | 9,387 |
Natural gas |  | 2,503 |  | 2,496 |  | 7,593 |  | 7,949 |
Natural gas liquids |  | 351 |  | 238 |  | 847 |  | 745 |
Other*** |  | 1,318 |  | 1,007 |  | 3,808 |  | 2,906 |
Consolidated sales and other operating revenues by product | $ | 9,449 |  | 6,688 |  | 26,751 |  | 20,987 |
*Under the modified retrospective approach, prior period amounts have not been adjusted upon adoption of ASC Topic 606. |
**Included in "Other foreign countries" in prior periods. |  |  |  |  |  |  |  |  |
***Includes LNG and bitumen. |
Net Income (Loss) Attributable to ConocoPhillips |  |  |  |  |  |  |  |
Alaska | $ | 427 |  | 103 |  | 1,369 |  | 291
Lower 48 |  | 513 |  | (97) |  | 1,231 |  | (2,995)
Canada |  | 34 |  | 280 |  | 2 |  | 2,607
Europe and North Africa |  | 241 |  | 85 |  | 776 |  | 379
Asia Pacific and Middle East |  | 577 |  | 396 |  | 1,504 |  | (1,540)
Other International |  | 316 |  | (20) |  | 267 |  | (77)
Corporate and Other |  | (247) |  | (327) |  | (760) |  | (1,099)
Consolidated net income (loss) attributable to ConocoPhillips | $ | 1,861 |  | 420 |  | 4,389 |  | (2,434)
| Millions of Dollars
| September 30 |  | December 31
2018 | 2017
Total Assets |  |  |  |
Alaska | $ | 12,688 |  | 12,108
Lower 48 |  | 15,308 |  | 14,632
Canada |  | 5,950 |  | 6,214
Europe and North Africa |  | 11,895 |  | 11,870
Asia Pacific and Middle East |  | 16,611 |  | 16,985
Other International |  | 315 |  | 97
Corporate and Other |  | 7,789 |  | 11,456
Consolidated total assets | $ | 70,556 |  | 73,362

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- 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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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