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Segment Disclosures and Related Information | 12 Months Ended
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Dec. 31, 2019
Segment Disclosures and Related Information [Abstract] |
Segment Disclosures and Related Information | Note 25—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, Middle East and North Africa; Asia Pacific and Other International. Corporate and Other represents costs not directly associated with an operating segment, such as most interest expense, premiums on early retirement of debt, 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 (loss) attributable to ConocoPhillips. Segment accounting policies are the same as those in Note 1—Accounting Policies. Intersegment sales are at prices that approximate market. Effective with the third quarter of 2020, we have restructured our segments to align with the changes to our internal organization. The Middle East business was realigned from the Asia Pacific and Middle East segment to the Europe and North Africa segment. The segments have been renamed the Asia Pacific segment and the Europe, Middle East and North Africa segment. We have revised segment information disclosures and segment performance metrics presented within our results of operations for the current and prior years. Analysis of Results by Operating Segment Millions of Dollars 2019 ** 2018 ** 2017 ** Sales and Other Operating Revenues Alaska $ 5,483 5,740 4,224 Lower 48 15,514 17,029 12,968 Intersegment eliminations (46) (40) (4) Lower 48 15,468 16,989 12,964 Canada 2,910 3,184 3,178 Intersegment eliminations (1,141) (1,160) (559) Canada 1,769 2,024 2,619 Europe, Middle East and North Africa 5,101 6,635 5,181 Asia Pacific 4,525 4,861 4,014 Other International - - - Corporate and Other 221 168 104 Consolidated sales and other operating revenues $ 32,567 36,417 29,106 Depreciation, Depletion, Amortization and Impairments Alaska $ 805 760 1,026 Lower 48 3,224 2,370 6,693 Canada 232 324 461 Europe, Middle East and North Africa 887 1,041 1,313 Asia Pacific 1,285 1,382 3,819 Other International - - - Corporate and Other 62 106 134 Consolidated depreciation, depletion, amortization and impairments $ 6,495 5,983 13,446 The market for our products is large and diverse, therefore, our sales and other operating revenues are not dependent upon any single customer. Millions of Dollars 2019 ** 2018 ** 2017 ** Equity in Earnings of Affiliates Alaska $ 7 6 7 Lower 48 (159) 1 5 Canada - - 197 Europe, Middle East and North Africa 470 744 534 Asia Pacific 461 323 29 Other International - - - Corporate and Other - - - Consolidated equity in earnings of affiliates $ 779 1,074 772 Income Taxes Alaska $ 472 376 (689) Lower 48 137 474 (2,453) Canada (43) (96) (616) Europe, Middle East and North Africa 1,425 2,259 1,120 Asia Pacific 501 728 396 Other International 8 30 21 Corporate and Other (233) (103) 399 Consolidated income taxes $ 2,267 3,668 (1,822) Net Income (Loss) Attributable to ConocoPhillips Alaska $ 1,520 1,814 1,466 Lower 48 436 1,747 (2,371) Canada 279 63 2,564 Europe, Middle East and North Africa 3,170 2,594 1,116 Asia Pacific 1,483 1,342 (1,661) Other International 263 364 167 Corporate and Other 38 (1,667) (2,136) Consolidated net income (loss) attributable to ConocoPhillips $ 7,189 6,257 (855) Investments in and Advances to Affiliates Alaska $ 83 86 56 Lower 48 35 378 402 Canada - - - Europe, Middle East and North Africa 1,070 1,311 1,402 Asia Pacific 7,265 7,565 7,730 Other International - - - Corporate and Other - - - Consolidated investments in and advances to affiliates $ 8,453 9,340 9,590 Millions of Dollars 2019 ** 2018 ** 2017 ** Total Assets Alaska $ 15,453 14,648 12,108 Lower 48 14,425 14,888 14,632 Canada 6,350 5,748 6,214 Europe, Middle East and North Africa 9,269 11,276 13,346 Asia Pacific 13,568 14,758 15,509 Other International 285 89 97 Corporate and Other 11,164 8,573 11,456 Consolidated total assets $ 70,514 69,980 73,362 Capital Expenditures and Investments Alaska $ 1,513 1,298 815 Lower 48 3,394 3,184 2,136 Canada 368 477 202 Europe, Middle East and North Africa 708 877 872 Asia Pacific 584 718 482 Other International 8 6 21 Corporate and Other 61 190 63 Consolidated capital expenditures and investments $ 6,636 6,750 4,591 Interest Income and Expense Interest income Alaska $ - - - Lower 48 - - - Canada - - - Europe, Middle East and North Africa 11 12 11 Asia Pacific 6 5 - Other International - - - Corporate and Other 149 80 101 Interest and debt expense Corporate and Other $ 778 735 1,098 Sales and Other Operating Revenues by Product Crude oil $ 18,482 19,571 13,260 Natural gas 8,715 10,720 10,773 Natural gas liquids 814 1,114 1,102 Other* 4,556 5,012 3,971 Consolidated sales and other operating revenues by product $ 32,567 36,417 29,106 *Includes LNG and bitumen. **Prior periods have been updated to reflect the Middle East Business Unit moving from Asia Pacific to the Europe, Middle East and North Africa segment. Geographic Information Millions of Dollars Sales and Other Operating Revenues (1) Long-Lived Assets (2) 2019 2018 2017 2019 2018 2017 United States (3) $ 21,159 22,740 17,204 26,566 26,838 23,623 Australia and Timor-Leste (4) 1,647 1,798 1,448 7,228 9,301 9,657 Canada 1,769 2,024 2,619 5,769 5,333 5,613 China 772 836 712 1,447 1,380 1,275 Indonesia 875 886 757 605 669 758 Libya 1,103 1,142 586 668 679 699 Malaysia 1,230 1,346 1,103 1,871 2,327 2,736 Norway 2,349 2,886 2,348 5,258 5,582 6,154 United Kingdom 1,649 2,606 2,248 2 1,583 3,335 Other foreign countries 14 153 81 1,308 1,346 1,423 Worldwide consolidated $ 32,567 36,417 29,106 50,722 55,038 55,273 (1) Sales and other operating revenues are attributable to countries based on the location of the selling operation. (2) Defined as net PP&E plus equity investments and advances to affiliated companies. (3) Long-lived assets do not include $ 426 million of net PP&E associated with assets held for sale as of December 31, 2019. See Note 5—Acquisitions and Dispositions, for additional information. (4) Long-lived assets do not include $ 1,236 million of net PP&E associated with assets held for sale as of December 31, 2019. See Note 5—Acquisitions and Dispositions, for additional information.

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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://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8924-108599 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8981-108599 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9031-108599 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (f) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8736-108599 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9054-108599 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8657-108599 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8721-108599 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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