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Segment Disclosures and Related Information
 9 Months Ended
Sep. 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
September 30
Nine Months Ended
September 30
2022202120222021
Sales and Other Operating Revenues
Alaska
$1,984 1,395 6,251 3,946 
Lower 48
14,287 7,566 40,302 19,968 
Intersegment eliminations
(2)(1)(15)(5)
Lower 48
14,285 7,565 40,287 19,963 
Canada
1,348 967 4,662 2,636 
Intersegment eliminations
(583)(406)(1,960)(1,063)
Canada
765 561 2,702 1,573 
Europe, Middle East and North Africa
3,361 1,127 8,602 3,270 
Asia Pacific
617 673 2,005 1,880 
Other International
— 1 — 4 
Corporate and Other
1 4 89 72 
Consolidated sales and other operating revenues
$21,013 11,326 59,936 30,708 
Sales and Other Operating Revenues by Geographic Location(1)
United States
$16,269 8,963 46,624 23,978 
Canada
764 561 2,702 1,573 
China
273 193 847 519 
Indonesia
— 231 159 634 
Libya317 313 1,099 833 
Malaysia
345 249 999 727 
Norway
1,042 678 2,711 1,708 
United Kingdom
2,002 136 4,792 729 
Other foreign countries
1 2 3 7 
Worldwide consolidated
$21,013 11,326 59,936 30,708 
Sales and Other Operating Revenues by Product
Crude oil
$10,353 6,433 31,717 16,725 
Natural gas
8,295 4,099 21,560 11,422 
Natural gas liquids
989 414 2,909 976 
Other(2)
1,376 380 3,750 1,585 
Consolidated sales and other operating revenues by product
$21,013 11,326 59,936 30,708 
(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
September 30
Nine Months Ended
September 30
2022202120222021
Net Income (Loss)
Alaska
$580 405 1,851 935 
Lower 48
2,653 1,631 9,024 3,274 
Canada119 155 726 267 
Europe, Middle East and North Africa
922 241 1,719 601 
Asia Pacific
520 257 2,181 749 
Other International
(28)(97)(28)(106)
Corporate and Other
(239)(213)(42)(268)
Consolidated net income
$4,527 2,379 15,431 5,452 
Millions of Dollars
September 30
2022		December 31
2021
Total Assets
Alaska
$14,787 14,812 
Lower 48
42,912 41,699 
Canada6,747 7,439 
Europe, Middle East and North Africa
8,259 9,125 
Asia Pacific
9,996 9,840 
Other International
4 1 
Corporate and Other
12,132 7,745 
Consolidated net income
$94,837 90,661