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Segment Disclosures and Related Information | 6 Months Ended
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Jun. 30, 2022
Segment Reporting [Abstract] |
Segment Disclosures and Related Information | Note 17—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 income and costs not directly associated with an operating segment, such as most interest income and expense; premiums on early retirement of debt; corporate overhead and certain technology activities, including licensing revenues; and unrealized holding gains or losses on equity securities. Corporate assets include all cash and cash equivalents and short-term investments. We evaluate performance and allocate resources based on net income (loss). Intersegment sales are at prices that approximate market. Analysis of Results by Operating Segment
| Millions of Dollars
| Three Months Ended June 30 | Six Months Ended June 30
| 2022 | 2021 | 2022 | 2021
Sales and Other Operating Revenues |  |  |  |
Alaska | $ | 2,349 |  | 1,418 |  | 4,267 |  | 2,551 |
Lower 48 | 14,458 |  | 5,889 |  | 26,015 |  | 12,402 |
Intersegment eliminations | (6) |  | (2) |  | (13) |  | (4) |
Lower 48 | 14,452 |  | 5,887 |  | 26,002 |  | 12,398 |
Canada | 1,794 |  | 802 |  | 3,314 |  | 1,669 |
Intersegment eliminations | (726) |  | (352) |  | (1,377) |  | (657) |
Canada | 1,068 |  | 450 |  | 1,937 |  | 1,012 |
Europe, Middle East and North Africa | 2,652 |  | 1,165 |  | 5,241 |  | 2,143 |
Asia Pacific | 638 |  | 630 |  | 1,388 |  | 1,207 |
Other International | — |  | 2 |  | — |  | 3 |
Corporate and Other | 2 |  | 4 |  | 88 |  | 68 |
Consolidated sales and other operating revenues | $ | 21,161 |  | 9,556 |  | 38,923 |  | 19,382 |
Sales and Other Operating Revenues by Geographic Location(1) |  |  |
United States | $ | 16,802 |  | 7,308 |  | 30,355 |  | 15,015 |
Canada | 1,069 |  | 450 |  | 1,938 |  | 1,012 |
China | 301 |  | 171 |  | 574 |  | 326 |
Indonesia | — |  | 207 |  | 159 |  | 403 |
Libya | 351 |  | 290 |  | 782 |  | 520 |
Malaysia | 336 |  | 252 |  | 654 |  | 478 |
Norway | 737 |  | 618 |  | 1,669 |  | 1,030 |
United Kingdom | 1,564 |  | 257 |  | 2,790 |  | 593 |
Other foreign countries | 1 |  | 3 |  | 2 |  | 5 |
Worldwide consolidated | $ | 21,161 |  | 9,556 |  | 38,923 |  | 19,382 |
Sales and Other Operating Revenues by Product |  |  |  |
Crude oil | $ | 11,494 |  | 5,797 |  | 21,364 |  | 10,292 |
Natural gas | 7,267 |  | 2,812 |  | 13,265 |  | 7,323 |
Natural gas liquids | 1,042 |  | 325 |  | 1,921 |  | 562 |
Other(2) | 1,358 |  | 622 |  | 2,373 |  | 1,205 |
Consolidated sales and other operating revenues by product | $ | 21,161 |  | 9,556 |  | 38,923 |  | 19,382 |
(1)Sales and other operating revenues are attributable to countries based on the location of the selling operation. (2)Includes LNG and bitumen.
| Millions of Dollars
| Three Months Ended June 30 | Six Months Ended June 30
| 2022 | 2021 | 2022 | 2021
Net Income (Loss) |  |  |  |
Alaska | $ | 687 |  | 371 |  | 1,271 |  | 530 |
Lower 48 | 3,581 |  | 1,175 |  | 6,371 |  | 1,643 |
Canada | 316 |  | 102 |  | 607 |  | 112 |
Europe, Middle East and North Africa | 385 |  | 207 |  | 797 |  | 360 |
Asia Pacific | 525 |  | 175 |  | 1,661 |  | 492 |
Other International | — |  | (5) |  | — |  | (9) |
Corporate and Other | (349) |  | 66 |  | 197 |  | (55) |
Consolidated net income | $ | 5,145 |  | 2,091 |  | 10,904 |  | 3,073 |
| Millions of Dollars
| June 30 2022 | December 31 2021
Total Assets |  |
Alaska | $ | 14,835 |  | 14,812 |
Lower 48 | 43,478 |  | 41,699 |
Canada | 7,358 |  | 7,439 |
Europe, Middle East and North Africa | 8,406 |  | 9,125 |
Asia Pacific | 9,997 |  | 9,840 |
Other International | 4 |  | 1 |
Corporate and Other | 9,615 |  | 7,745 |
Consolidated total assets | $ | 93,693 |  | 90,661 |

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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=123359005&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=123359005&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=123359005&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=123359005&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=123359005&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=123359005&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=123359005&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=123359005&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=123359005&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=123359005&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=123359005&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=123359005&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=123359005&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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