XML 37 R25.htm IDEA: XBRL DOCUMENT v3.24.3
Segment Disclosures and Related Information
 9 Months Ended
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
2024202320242023
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 
Libya307 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
2024202320242023
Net Income (Loss)
Alaska
$267 448 973 1,236 
Lower 48
1,241 1,781 3,881 4,863 
Canada25 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 
Canada10,072 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