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Segment Disclosures and Related Information | 12 Months Ended
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Dec. 31, 2022
Segment Reporting [Abstract] |
Segment Disclosures and Related Information | Note 24—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 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 N ote 1. Intersegment sales are at prices that approximate market. In 2021, we completed our acquisition of Concho, an independent oil and gas exploration and production company with operations across New Mexico and West Texas as well as our acquisition of Shell’s Permian assets in the Texas Delaware Basin. The accounting close date of the Shell transaction, used for reporting purposes, was December 31, 2021. Results of operations for Concho and assets acquired from Shell are included in our Lower 48 segment. Certain transaction and restructuring costs associated with these acquisitions are included in our Corporate and Other segment. See Note 3. Analysis of Results by Operating Segment
| Millions of Dollars
| 2022 | 2021 | 2020
Sales and Other Operating Revenues |  |  |
Alaska | $ | 7,905 |  | 5,480 |  | 3,408 |
Intersegment eliminations | — |  | — |  | (11) |
Alaska | 7,905 |  | 5,480 |  | 3,397 |
Lower 48 | 52,921 |  | 29,306 |  | 9,872 |
Intersegment eliminations | (18) |  | (12) |  | (51) |
Lower 48 | 52,903 |  | 29,294 |  | 9,821 |
Canada | 6,159 |  | 4,077 |  | 1,666 |
Intersegment eliminations | (2,445) |  | (1,583) |  | (405) |
Canada | 3,714 |  | 2,494 |  | 1,261 |
Europe, Middle East and North Africa | 11,271 |  | 5,902 |  | 1,919 |
Intersegment eliminations | (1) |  | — |  | (2) |
Europe, Middle East and North Africa | 11,270 |  | 5,902 |  | 1,917 |
Asia Pacific | 2,606 |  | 2,579 |  | 2,363 |
Other International | — |  | 4 |  | 7 |
Corporate and Other | 96 |  | 75 |  | 18 |
Consolidated sales and other operating revenues | $ | 78,494 |  | 45,828 |  | 18,784 |
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
| 2022 | 2021 | 2020
Depreciation, Depletion, Amortization and Impairments |  |  |
Alaska | $ | 941 |  | 1,002 |  | 996 |
Lower 48 | 4,854 |  | 4,067 |  | 3,358 |
Canada | 400 |  | 392 |  | 342 |
Europe, Middle East and North Africa | 735 |  | 862 |  | 775 |
Asia Pacific | 518 |  | 1,483 |  | 809 |
Other International | — |  | — |  | — |
Corporate and Other | 44 |  | 76 |  | 54 |
Consolidated depreciation, depletion, amortization and impairments | $ | 7,492 |  | 7,882 |  | 6,334 |
Equity in Earnings of Affiliates |  |  |
Alaska | $ | 4 |  | 5 |  | (7) |
Lower 48 | (14) |  | (18) |  | (11) |
Canada | — |  | — |  | — |
Europe, Middle East and North Africa | 780 |  | 502 |  | 311 |
Asia Pacific | 1,310 |  | 343 |  | 137 |
Other International | 1 |  | — |  | 2 |
Corporate and Other | — |  | — |  | — |
Consolidated equity in earnings of affiliates | $ | 2,081 |  | 832 |  | 432 |
| Millions of Dollars
| 2022 | 2021 | 2020
Income Tax Provision (Benefit) |  |  |
Alaska | $ | 885 |  | 402 |  | (256) |
Lower 48 | 3,088 |  | 1,390 |  | (378) |
Canada | 206 |  | 150 |  | (185) |
Europe, Middle East and North Africa | 5,445 |  | 2,543 |  | 136 |
Asia Pacific | 480 |  | 483 |  | 294 |
Other International | 53 |  | (53) |  | (20) |
Corporate and Other | (609) |  | (282) |  | (76) |
Consolidated income tax provision (benefit) | $ | 9,548 |  | 4,633 |  | (485) |
Net Income (Loss) Attributable to ConocoPhillips |  |  |
Alaska | $ | 2,352 |  | 1,386 |  | (719) |
Lower 48 | 11,015 |  | 4,932 |  | (1,122) |
Canada | 714 |  | 458 |  | (326) |
Europe, Middle East and North Africa | 2,244 |  | 1,167 |  | 448 |
Asia Pacific | 2,736 |  | 453 |  | 962 |
Other International | (51) |  | (107) |  | (64) |
Corporate and Other | (330) |  | (210) |  | (1,880) |
Consolidated net income (loss) attributable to ConocoPhillips | $ | 18,680 |  | 8,079 |  | (2,701) |
Investments in and Advances to Affiliates |  |  |
Alaska | $ | 55 |  | 58 |  | 62 |
Lower 48 | 235 |  | 242 |  | 25 |
Canada | — |  | — |  | — |
Europe, Middle East and North Africa | 1,049 |  | 797 |  | 918 |
Asia Pacific | 6,154 |  | 5,603 |  | 6,705 |
Other International | — |  | 1 |  | — |
Corporate and Other | — |  | — |  | — |
Consolidated investments in and advances to affiliates | $ | 7,493 |  | 6,701 |  | 7,710 |
Total Assets |  |  |
Alaska | $ | 15,126 |  | 14,812 |  | 14,623 |
Lower 48 | 42,950 |  | 41,699 |  | 11,932 |
Canada | 6,971 |  | 7,439 |  | 6,863 |
Europe, Middle East and North Africa | 8,263 |  | 9,125 |  | 8,756 |
Asia Pacific | 9,511 |  | 9,840 |  | 11,231 |
Other International | — |  | 1 |  | 226 |
Corporate and Other | 11,008 |  | 7,745 |  | 8,987 |
Consolidated total assets | $ | 93,829 |  | 90,661 |  | 62,618 |
| Millions of Dollars
| 2022 | 2021 | 2020
Capital Expenditures and Investments |  |  |
Alaska | $ | 1,091 |  | 982 |  | 1,038 |
Lower 48 | 5,630 |  | 3,129 |  | 1,881 |
Canada | 530 |  | 203 |  | 651 |
Europe, Middle East and North Africa | 998 |  | 534 |  | 600 |
Asia Pacific | 1,880 |  | 390 |  | 384 |
Other International | — |  | 33 |  | 121 |
Corporate and Other | 30 |  | 53 |  | 40 |
Consolidated capital expenditures and investments | $ | 10,159 |  | 5,324 |  | 4,715 |
Interest Income and Expense |  |  |
Interest income |  |  |
Alaska | $ | — |  | — |  | — |
Lower 48 | — |  | — |  | — |
Canada | — |  | — |  | — |
Europe, Middle East and North Africa | 1 |  | 2 |  | 5 |
Asia Pacific | 9 |  | 9 |  | 7 |
Other International | — |  | — |  | — |
Corporate and Other | 185 |  | 22 |  | 88 |
Interest and debt expense |  |  |
Corporate and Other | $ | 805 |  | 884 |  | 806 |
Sales and Other Operating Revenues by Product |  |  |
Crude oil | $ | 41,492 |  | 23,648 |  | 9,736 |
Natural gas | 26,941 |  | 16,904 |  | 6,427 |
Natural gas liquids | 3,650 |  | 1,668 |  | 528 |
Other* | 6,411 |  | 3,608 |  | 2,093 |
Consolidated sales and other operating revenues by product | $ | 78,494 |  | 45,828 |  | 18,784 |
*Includes LNG and bitumen. Geographic Information
| Millions of Dollars
| Sales and Other Operating Revenues(1) |  | Long-Lived Assets(2)
| 2022 | 2021 | 2020 |  | 2022 | 2021 | 2020
United States | $ | 60,899 |  | 34,847 |  | 13,230 |  |  | 51,200 |  | 50,580 |  | 24,034 |
Australia and Timor-Leste | — |  | — |  | 605 |  |  | 6,158 |  | 5,579 |  | 6,676 |
Canada | 3,714 |  | 2,494 |  | 1,261 |  |  | 6,269 |  | 6,608 |  | 6,385 |
China | 1,135 |  | 724 |  | 460 |  |  | 1,538 |  | 1,476 |  | 1,491 |
Indonesia(3) | 159 |  | 879 |  | 689 |  |  | — |  | 28 |  | 464 |
Libya | 1,582 |  | 1,102 |  | 155 |  |  | 714 |  | 659 |  | 670 |
Malaysia | 1,312 |  | 975 |  | 610 |  |  | 1,107 |  | 1,252 |  | 1,501 |
Norway | 3,415 |  | 2,563 |  | 1,426 |  |  | 4,369 |  | 4,681 |  | 5,294 |
United Kingdom | 6,273 |  | 2,236 |  | 336 |  |  | 1 |  | 1 |  | 1 |
Other foreign countries | 5 |  | 8 |  | 12 |  |  | 1,003 |  | 748 |  | 1,087 |
Worldwide consolidated | $ | 78,494 |  | 45,828 |  | 18,784 |  |  | 72,359 |  | 71,612 |  | 47,603 |
(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)Assets divested in 2022. See Note 3.

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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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&loc=d3e8721-108599 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI https://asc.fasb.org/topic&trid=2134510 + Details
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