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Segment Disclosures and Related Information (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2023
Segment Reporting [Abstract] |
Sales and Other Operating Revenues | 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 |
Depreciation, Depletion, Amortization and Impairments |
| 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 |
Equity in Earnings of Affiliates |
| 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) |
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) Attributable to ConocoPhillips |
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 |
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 |
Total Assets |
| 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 |
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 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 |
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 | 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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