XML 39 R28.htm IDEA: XBRL DOCUMENT v3.19.2

Segment Disclosures and Related Information

6 Months Ended

Jun. 30, 2019

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 NGLs 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 income and costs not directly associated with an operating 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 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 30					June 30
		2019		2018		2019		2018
Sales and Other Operating Revenues
Alaska	$	1,426		1,403		2,833		2,788
Lower 48		3,809		3,852		7,962		7,804
Intersegment eliminations		(11)		(1)		(23)		(4)
Lower 48		3,798		3,851		7,939		7,800
Canada		717		810		1,540		1,701
Intersegment eliminations		(335)		(290)		(585)		(545)
Canada		382		520		955		1,156
Europe and North Africa		1,313		1,644		2,859		3,252
Asia Pacific and Middle East		1,030		1,006		2,373		2,222
Corporate and Other		4		80		144		84
Consolidated sales and other operating revenues	$	7,953		8,504		17,103		17,302
Sales and Other Operating Revenues by Geographic Location
United States	$	5,225		5,256		10,911		10,592
Australia		311		303		870		743
Canada		382		520		955		1,156
China		159		136		402		354
Indonesia		226		213		431		428
Libya		267		262		521		538
Malaysia		334		356		670		700
Norway		561		715		1,149		1,378
United Kingdom		485		668		1,189		1,337
Other foreign countries		3		75		5		76
Worldwide consolidated	$	7,953		8,504		17,103		17,302
Sales and Other Operating Revenues by Product
Crude Oil	$	4,813		4,776		9,394		9,226
Natural gas		1,915		2,294		4,918		5,090
Natural gas liquids		213		265		451		496
Other*		1,012		1,169		2,340		2,490
Consolidated sales and other operating revenues by product	$	7,953		8,504		17,103		17,302
*Includes LNG and bitumen.

	Millions of Dollars
	Three Months Ended					Six Months Ended
		June 30				June 30
		2019		2018		2019		2018
Net Income Attributable to ConocoPhillips
Alaska	$	462		418		846		942
Lower 48		206		410		399		718
Canada		100		33		222		(32)
Europe and North Africa		407		290		614		535
Asia Pacific and Middle East		517		466		1,042		927
Other International		81		(5)		212		(49)
Corporate and Other		(193)		28		78		(513)
Consolidated net income attributable to ConocoPhillips	$	1,580		1,640		3,413		2,528

	Millions of Dollars
	June 30			December 31
	2019			2018
Total Assets
Alaska	$	15,392		14,648
Lower 48		14,792		14,888
Canada		6,291		5,748
Europe and North Africa		9,950		9,883
Asia Pacific and Middle East		15,230		16,151
Other International		88		89
Corporate and Other		9,518		8,573
Consolidated total assets	$	71,261		69,980

X

- References

No definition available.

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

+ Details

Name:	us-gaap_SegmentReportingDisclosureTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration