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Segment Disclosures and Related Information | 12 Months Ended
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Dec. 31, 2023
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). Segment accounting policies are the same as those in Note 1. Intersegment sales are at prices that approximate market. Analysis of Results by Operating Segment
| Millions of Dollars
| 2023 | 2022 | 2021
Sales and Other Operating Revenues |  |  |
Alaska | 7,098 |  | 7,905 |  | 5,480 |
Lower 48 | 38,244 |  | 52,921 |  | 29,306 |
Intersegment eliminations | (7) |  | (18) |  | (12) |
Lower 48 | 38,237 |  | 52,903 |  | 29,294 |
Canada | 4,873 |  | 6,159 |  | 4,077 |
Intersegment eliminations | (1,867) |  | (2,445) |  | (1,583) |
Canada | 3,006 |  | 3,714 |  | 2,494 |
Europe, Middle East and North Africa | 5,854 |  | 11,271 |  | 5,902 |
Intersegment eliminations | — |  | (1) |  | — |
Europe, Middle East and North Africa | 5,854 |  | 11,270 |  | 5,902 |
Asia Pacific | 1,913 |  | 2,606 |  | 2,579 |
Other International | — |  | — |  | 4 |
Corporate and Other | 33 |  | 96 |  | 75 |
Consolidated sales and other operating revenues | $ | 56,141 |  | 78,494 |  | 45,828 |
In 2023, sales by our Lower 48 segment to a certain pipeline company accounted for approximately $5.8 billion or approximately 10 percent of our total consolidated sales and other operating revenues.
| Millions of Dollars
| 2023 | 2022 | 2021
Depreciation, Depletion, Amortization and Impairments |  |  |
Alaska | $ | 1,061 |  | 941 |  | 1,002 |
Lower 48 | 5,729 |  | 4,854 |  | 4,067 |
Canada | 425 |  | 400 |  | 392 |
Europe, Middle East and North Africa | 587 |  | 735 |  | 862 |
Asia Pacific | 455 |  | 518 |  | 1,483 |
Other International | — |  | — |  | — |
Corporate and Other | 27 |  | 44 |  | 76 |
Consolidated depreciation, depletion, amortization and impairments | $ | 8,284 |  | 7,492 |  | 7,882 |
| Millions of Dollars
| 2023 | 2022 | 2021
Equity in Earnings of Affiliates |  |  |
Alaska | $ | 1 |  | 4 |  | 5 |
Lower 48 | (9) |  | (14) |  | (18) |
Canada | — |  | — |  | — |
Europe, Middle East and North Africa | 580 |  | 780 |  | 502 |
Asia Pacific | 1,151 |  | 1,310 |  | 343 |
Other International | — |  | 1 |  | — |
Corporate and Other | (3) |  | — |  | — |
Consolidated equity in earnings of affiliates | $ | 1,720 |  | 2,081 |  | 832 |
Income Tax Provision (Benefit) |  |  |
Alaska | $ | 642 |  | 885 |  | 402 |
Lower 48 | 1,763 |  | 3,088 |  | 1,390 |
Canada | 26 |  | 206 |  | 150 |
Europe, Middle East and North Africa | 3,065 |  | 5,445 |  | 2,543 |
Asia Pacific | 42 |  | 480 |  | 483 |
Other International | — |  | 53 |  | (53) |
Corporate and Other | (207) |  | (609) |  | (282) |
Consolidated income tax provision (benefit) | $ | 5,331 |  | 9,548 |  | 4,633 |
Net Income (Loss) |  |  |
Alaska | $ | 1,778 |  | 2,352 |  | 1,386 |
Lower 48 | 6,461 |  | 11,015 |  | 4,932 |
Canada | 402 |  | 714 |  | 458 |
Europe, Middle East and North Africa | 1,189 |  | 2,244 |  | 1,167 |
Asia Pacific | 1,961 |  | 2,736 |  | 453 |
Other International | (13) |  | (51) |  | (107) |
Corporate and Other | (821) |  | (330) |  | (210) |
Consolidated net income (loss) | $ | 10,957 |  | 18,680 |  | 8,079 |
Investments in and Advances to Affiliates |  |  |
Alaska | $ | 32 |  | 55 |  | 58 |
Lower 48 | 118 |  | 235 |  | 242 |
Canada | — |  | — |  | — |
Europe, Middle East and North Africa | 1,191 |  | 1,049 |  | 797 |
Asia Pacific | 5,419 |  | 6,154 |  | 5,603 |
Other International | — |  | — |  | 1 |
Corporate and Other | 1,145 |  | — |  | — |
Consolidated investments in and advances to affiliates | $ | 7,905 |  | 7,493 |  | 6,701 |
| Millions of Dollars
| 2023 | 2022 | 2021
Total Assets |  |  |
Alaska | $ | 16,174 |  | 15,126 |  | 14,812 |
Lower 48 | 42,415 |  | 42,950 |  | 41,699 |
Canada | 10,277 |  | 6,971 |  | 7,439 |
Europe, Middle East and North Africa | 8,396 |  | 8,263 |  | 9,125 |
Asia Pacific | 8,903 |  | 9,511 |  | 9,840 |
Other International | — |  | — |  | 1 |
Corporate and Other | 9,759 |  | 11,008 |  | 7,745 |
Consolidated total assets | $ | 95,924 |  | 93,829 |  | 90,661 |
Capital Expenditures and Investments |  |  |
Alaska | $ | 1,705 |  | 1,091 |  | 982 |
Lower 48 | 6,487 |  | 5,630 |  | 3,129 |
Canada | 456 |  | 530 |  | 203 |
Europe, Middle East and North Africa | 1,111 |  | 998 |  | 534 |
Asia Pacific | 354 |  | 1,880 |  | 390 |
Other International | — |  | — |  | 33 |
Corporate and Other | 1,135 |  | 30 |  | 53 |
Consolidated capital expenditures and investments | $ | 11,248 |  | 10,159 |  | 5,324 |
Interest Income and Expense |  |  |
Interest income |  |  |
Alaska | $ | — |  | — |  | — |
Lower 48 | — |  | — |  | — |
Canada | — |  | — |  | — |
Europe, Middle East and North Africa | 1 |  | 1 |  | 2 |
Asia Pacific | 8 |  | 9 |  | 9 |
Other International | — |  | — |  | — |
Corporate and Other | 403 |  | 185 |  | 22 |
Interest and debt expense |  |  |
Corporate and Other | $ | 780 |  | 805 |  | 884 |
Sales and Other Operating Revenues by Product |  |  |
Crude oil | $ | 37,833 |  | 41,492 |  | 23,648 |
Natural gas | 10,725 |  | 26,941 |  | 16,904 |
Natural gas liquids | 2,609 |  | 3,650 |  | 1,668 |
Other* | 4,974 |  | 6,411 |  | 3,608 |
Consolidated sales and other operating revenues by product | $ | 56,141 |  | 78,494 |  | 45,828 |
*Includes bitumen and power. Geographic Information
| Millions of Dollars
| Sales and Other Operating Revenues(1) |  | Long-Lived Assets(2)
| 2023 | 2022 | 2021 |  | 2023 | 2022 | 2021
U.S. | $ | 45,101 |  | 60,899 |  | 34,847 |  |  | 53,955 |  | 51,200 |  | 50,580 |
Australia | — |  | — |  | — |  |  | 5,426 |  | 6,158 |  | 5,579 |
Canada | 3,006 |  | 3,714 |  | 2,494 |  |  | 9,666 |  | 6,269 |  | 6,608 |
China | 952 |  | 1,135 |  | 724 |  |  | 1,635 |  | 1,538 |  | 1,476 |
Indonesia(3) | — |  | 159 |  | 879 |  |  | — |  | — |  | 28 |
Libya | 1,730 |  | 1,582 |  | 1,102 |  |  | 703 |  | 714 |  | 659 |
Malaysia | 961 |  | 1,312 |  | 975 |  |  | 939 |  | 1,107 |  | 1,252 |
Norway | 2,408 |  | 3,415 |  | 2,563 |  |  | 4,489 |  | 4,369 |  | 4,681 |
U.K. | 1,978 |  | 6,273 |  | 2,236 |  |  | 2 |  | 1 |  | 1 |
Other foreign countries | 5 |  | 5 |  | 8 |  |  | 1,134 |  | 1,003 |  | 748 |
Worldwide consolidated | $ | 56,141 |  | 78,494 |  | 45,828 |  |  | 77,949 |  | 72,359 |  | 71,612 |
(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 -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-15 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-31 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 42 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-42 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-40 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//280/tableOfContent Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-26 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 34 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-34 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 41 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-41 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-21 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-21 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 + Details
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