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Segment Disclosures and Related Information
 6 Months Ended
Jun. 30, 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
June 30
Six Months Ended
June 30
2024202320242023
Sales and Other Operating Revenues
Alaska
$1,783 1,709 3,453 3,444 
Lower 48
9,053 8,389 18,362 18,438 
Intersegment eliminations
— (1)(1)(5)
Lower 48
9,053 8,388 18,361 18,433 
Canada
1,553 850 2,997 2,033 
Intersegment eliminations
(612)(401)(1,120)(741)
Canada
941 449 1,877 1,292 
Europe, Middle East and North Africa
1,296 1,369 2,753 3,071 
Asia Pacific
543 432 1,017 896 
Corporate and Other
4 4 7 26 
Consolidated sales and other operating revenues
$13,620 12,351 27,468 27,162 
Sales and Other Operating Revenues by Geographic Location(1)
U.S.
$10,776 10,040 21,756 21,842 
Canada
941 449 1,877 1,292 
China
275 244 488 446 
Libya470 447 970 817 
Malaysia
268 189 529 450 
Norway
514 577 1,138 1,228 
U.K.
374 404 707 1,085 
Other foreign countries
2 1 3 2 
Worldwide consolidated
$13,620 12,351 27,468 27,162 
Sales and Other Operating Revenues by Product
Crude oil
$10,112 8,965 19,674 17,867 
Natural gas
1,175 1,860 3,057 6,272 
Natural gas liquids
662 582 1,342 1,277 
Other(2)
1,671 944 3,395 1,746 
Consolidated sales and other operating revenues by product
$13,620 12,351 27,468 27,162 
(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
June 30
Six Months Ended
June 30
2024202320242023
Net Income (Loss)
Alaska
$360 372 706 788 
Lower 48
1,259 1,230 2,640 3,082 
Canada261 32 441 38 
Europe, Middle East and North Africa
251 264 555 629 
Asia Pacific
444 387 956 909 
Other International
3 (4)2 (3)
Corporate and Other
(249)(49)(420)(291)
Consolidated net income (loss)
$2,329 2,232 4,880 5,152 
Millions of Dollars
June 30
2024		December 31
2023
Total Assets
Alaska
$17,124 16,174 
Lower 48
42,659 42,415 
Canada10,047 10,277 
Europe, Middle East and North Africa
7,968 8,396 
Asia Pacific
8,483 8,903 
Other International
5 — 
Corporate and Other
9,708 9,759 
Consolidated total assets
$95,994 95,924