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Segment Disclosures and Related Information
 3 Months Ended
Mar. 31, 2024
Segment Reporting [Abstract]  
Segment Disclosures and Related Information
Note 18—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; impacts from certain debt transactions; consolidating tax adjustments; corporate overhead and certain technology activities, including licensing revenues; and unrealized holding gains or losses on equity securities. All cash and cash equivalents and short-term investments are included in Corporate and Other.
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
March 31
20242023
Sales and Other Operating Revenues
Alaska
$1,670 1,735 
Lower 48
9,309 10,049 
Intersegment eliminations
(1)(4)
Lower 48
9,308 10,045 
Canada
1,444 1,183 
Intersegment eliminations
(508)(340)
Canada
936 843 
Europe, Middle East and North Africa
1,457 1,702 
Asia Pacific
474 464 
Corporate and Other
3 22 
Consolidated sales and other operating revenues
$13,848 14,811 
Sales and Other Operating Revenues by Geographic Location(1)
U.S.
$10,980 11,802 
Canada
936 843 
China
213 202 
Libya500 370 
Malaysia
261 261 
Norway
624 651 
U.K.
333 681 
Other foreign countries
1 1 
Worldwide consolidated
$13,848 14,811 
Sales and Other Operating Revenues by Product
Crude oil
$9,563 8,904 
Natural gas
1,882 4,412 
Natural gas liquids
680 695 
Other(2)
1,723 800 
Consolidated sales and other operating revenues by product
$13,848 14,811 
(1)Sales and other operating revenues are attributable to countries based on the location of the selling operation.
(2)Includes bitumen and power.
Millions of Dollars
Three Months Ended
March 31
20242023
Net Income (Loss)
Alaska
$346 416 
Lower 48
1,381 1,852 
Canada180 6 
Europe, Middle East and North Africa
304 365 
Asia Pacific
512 522 
Other International
(1)1 
Corporate and Other
(171)(242)
Consolidated net income (loss)
$2,551 2,920 
Millions of Dollars
March 31
2024		December 31
2023
Total Assets
Alaska
$16,701 16,174 
Lower 48
42,586 42,415 
Canada10,028 10,277 
Europe, Middle East and North Africa
8,021 8,396 
Asia Pacific
8,530 8,903 
Corporate and Other
9,482 9,759 
Consolidated total assets
$95,348 95,924