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Segment Disclosures and Related Information | 9 Months Ended
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Sep. 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 September 30 | Nine Months Ended September 30
| 2024 | 2023 | 2024 | 2023
Sales and Other Operating Revenues |  |  |  |
Alaska | $ | 1,481 |  | 1,801 |  | 4,934 |  | 5,245 |
Lower 48 | 9,080 |  | 9,883 |  | 27,442 |  | 28,321 |
Intersegment eliminations | — |  | — |  | (1) |  | (5) |
Lower 48 | 9,080 |  | 9,883 |  | 27,441 |  | 28,316 |
Canada | 1,139 |  | 1,320 |  | 4,136 |  | 3,353 |
Intersegment eliminations | (479) |  | (512) |  | (1,599) |  | (1,253) |
Canada | 660 |  | 808 |  | 2,537 |  | 2,100 |
Europe, Middle East and North Africa | 1,337 |  | 1,211 |  | 4,090 |  | 4,282 |
Asia Pacific | 478 |  | 544 |  | 1,495 |  | 1,440 |
Corporate and Other | 5 |  | 3 |  | 12 |  | 29 |
Consolidated sales and other operating revenues | $ | 13,041 |  | 14,250 |  | 40,509 |  | 41,412 |
Sales and Other Operating Revenues by Geographic Location* |  |  |
U.S. | $ | 10,445 |  | 11,550 |  | 32,201 |  | 33,392 |
Canada | 660 |  | 808 |  | 2,537 |  | 2,100 |
China | 261 |  | 225 |  | 749 |  | 671 |
Libya | 307 |  | 392 |  | 1,277 |  | 1,209 |
Malaysia | 217 |  | 319 |  | 746 |  | 769 |
Norway | 640 |  | 589 |  | 1,778 |  | 1,817 |
U.K. | 510 |  | 366 |  | 1,217 |  | 1,451 |
Other foreign countries | 1 |  | 1 |  | 4 |  | 3 |
Worldwide consolidated | $ | 13,041 |  | 14,250 |  | 40,509 |  | 41,412 |
Sales and Other Operating Revenues by Product |  |  |  |
Crude oil | $ | 9,806 |  | 10,027 |  | 29,480 |  | 27,894 |
Natural gas | 1,290 |  | 2,209 |  | 4,346 |  | 8,481 |
Natural gas liquids | 693 |  | 677 |  | 2,035 |  | 1,954 |
Other** | 1,252 |  | 1,337 |  | 4,648 |  | 3,083 |
Consolidated sales and other operating revenues by product | $ | 13,041 |  | 14,250 |  | 40,509 |  | 41,412 |
*Sales and other operating revenues are attributable to countries based on the location of the selling operation. **Includes bitumen and power.
| Millions of Dollars
| Three Months Ended September 30 | Nine Months Ended September 30
| 2024 | 2023 | 2024 | 2023
Net Income (Loss) |  |  |  |
Alaska | $ | 267 |  | 448 |  | 973 |  | 1,236 |
Lower 48 | 1,241 |  | 1,781 |  | 3,881 |  | 4,863 |
Canada | 25 |  | 186 |  | 466 |  | 224 |
Europe, Middle East and North Africa | 298 |  | 253 |  | 853 |  | 882 |
Asia Pacific | 455 |  | 465 |  | 1,411 |  | 1,374 |
Other International | 1 |  | (2) |  | 3 |  | (5) |
Corporate and Other | (228) |  | (333) |  | (648) |  | (624) |
Consolidated net income (loss) | $ | 2,059 |  | 2,798 |  | 6,939 |  | 7,950 |
| Millions of Dollars
| September 30 2024 | December 31 2023
Total Assets |  |
Alaska | $ | 17,401 |  | 16,174 |
Lower 48 | 42,346 |  | 42,415 |
Canada | 10,072 |  | 10,277 |
Europe, Middle East and North Africa | 8,161 |  | 8,396 |
Asia Pacific | 8,323 |  | 8,903 |
Other International | 6 |  | — |
Corporate and Other | 10,390 |  | 9,759 |
Consolidated total assets | $ | 96,699 |  | 95,924 |

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