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Segment Disclosures and Related Information
 12 Months Ended
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.