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Segment Disclosures and Related Information (Tables)

12 Months Ended

Dec. 31, 2024

Segment Reporting [Abstract]

Summary of Segment Level Net Income (Loss)

2024 Segment level net income (loss)

Year Ended December 31, 2024			Millions of Dollars
			Alaska			L48			Canada			EMENA			AP			OI			Corporate			Consolidated Total
Segment sales and other operating revenues
Sales and other operating revenues			$	6,553		37,028			5,636			5,788			1,847			—			54			56,906
Intersegment eliminations			—			(2)			(2,122)			—			—			—			(37)			(2,161)
Consolidated sales and other operating revenues*			6,553			37,026			3,514			5,788			1,847			—			17			54,745
Significant segment expenses**
Production and operating expenses			1,951			4,751			902			671			384			—			92			8,751
DD&A			1,299			6,442			639			761			425			—			33			9,599
Income tax provision (benefit)			480			1,462			228			2,854			211			(1)			(807)			4,427
Total			3,730			12,655			1,769			4,286			1,020			(1)			(682)			22,777
Other segment items
Equity in earnings of affiliates			1			(5)			—			(586)			(1,089)			—			(26)			(1,705)
Interest income			—			—			—			—			(8)			—			(394)			(402)
Interest and debt expense			—			—			—			—			—			—			783			783
Other***			1,496			19,201			1,033			899			200			2			1,216			24,047
Total			1,497			19,196			1,033			313			(897)			2			1,579			22,723
Net income (loss)			$	1,326		5,175			712			1,189			1,724			(1)			(880)			9,245
*In 2024, sales by our Lower 48 segment to a certain pipeline company accounted for approximately $6.7 billion or approximately 12 percent of our total consolidated sales and other operating revenues.
**The significant segment expense categories and amounts in the table above align with segment-level information that is regularly provided to the CODM.
***Other segment items not required to be separately disclosed for each reportable segment include:
Gain (loss) on disposition: L48, Canada, EMENA and OI
Other income; Selling, general and administrative expenses and Exploration expenses: Alaska, L48, Canada, EMENA, AP, OI and Corporate
Purchased commodities: Alaska, L48, Canada, EMENA and AP
Impairments: Alaska, L48, Canada and EMENA
Taxes other than income taxes and Accretion on discounted liabilities: Alaska, L48, Canada, EMENA, AP and Corporate
Foreign currency transaction (gain) loss: Canada, EMENA and Corporate
Other expenses: Alaska, L48, EMENA and Corporate

2023 Segment level net income (loss)

Year Ended December 31, 2023			Millions of Dollars
			Alaska			L48			Canada			EMENA			AP			OI			Corporate			Consolidated Total
Segment sales and other operating revenues
Sales and other operating revenues			$	7,098		38,244			4,873			5,854			1,913			—			63			58,045
Intersegment eliminations			—			(7)			(1,867)			—			—			—			(30)			(1,904)
Consolidated sales and other operating revenues*			7,098			38,237			3,006			5,854			1,913			—			33			56,141
Significant segment expenses**
Production and operating expenses			1,829			4,199			619			593			391			1			61			7,693
DD&A			1,061			5,722			420			587			455			—			25			8,270
Income tax provision (benefit)			642			1,763			26			3,065			42			—			(207)			5,331
Total			3,532			11,684			1,065			4,245			888			1			(121)			21,294
Other segment items
Equity in earnings of affiliates			(1)			9			—			(580)			(1,151)			—			3			(1,720)
Interest income			—			—			—			(1)			(8)			—			(403)			(412)
Interest and debt expense			—			—			—			—			—			—			780			780
Other***			1,789			20,083			1,539			1,001			223			12			595			25,242
Total			1,788			20,092			1,539			420			(936)			12			975			23,890
Net income (loss)			$	1,778		6,461			402			1,189			1,961			(13)			(821)			10,957
*In 2023, sales by our Lower 48 segment to a certain pipeline company accounted for approximately $5.8 billion or approximately 10 percent of our total consolidated sales and other operating revenues.
**The significant segment expense categories and amounts in the table above align with segment-level information that is regularly provided to the CODM.
***Other segment items not required to be separately disclosed for each reportable segment include:
Gain (loss) on dispositions: Alaska, L48, AP, OI and Corporate
Other income; Purchased commodities; Selling, general and administrative expenses and Exploration expenses: Alaska, L48, Canada, EMENA, AP, OI and Corporate
Impairments: L48, Canada and Corporate
Taxes other than income taxes and Accretion on discounted liabilities: Alaska, L48, Canada, EMENA, AP and Corporate
Foreign currency transaction (gain) loss: Canada, EMENA, AP and Corporate
Other expenses: Alaska, L48, EMENA and Corporate

2022 Segment level net income (loss)

Year Ended December 31, 2022			Millions of Dollars
			Alaska			L48			Canada			EMENA			AP			OI			Corporate			Consolidated Total
Segment sales and other operating revenues
Sales and other operating revenues			$	7,905		52,921			6,159			11,271			2,606			—			122			80,984
Intersegment eliminations			—			(18)			(2,445)			(1)			—			—			(26)			(2,490)
Consolidated sales and other operating revenues*			7,905			52,903			3,714			11,270			2,606			—			96			78,494
Significant segment expenses**
Production and operating expenses			1,703			3,627			591			590			365			—			130			7,006
DD&A			939			4,865			402			736			518			—			44			7,504
Income tax provision (benefit)			885			3,088			206			5,445			480			53			(609)			9,548
Total			3,527			11,580			1,199			6,771			1,363			53			(435)			24,058
Other segment items
Equity in earnings of affiliates			(4)			14			—			(780)			(1,310)			(1)			—			(2,081)
Interest income			—			—			—			(1)			(9)			—			(185)			(195)
Interest and debt expense			—			—			—			—			—			—			805			805
Other***			2,030			30,294			1,801			3,036			(174)			(1)			241			37,227
Total			2,026			30,308			1,801			2,255			(1,493)			(2)			861			35,756
Net income (loss)			$	2,352		11,015			714			2,244			2,736			(51)			(330)			18,680
*In 2022, no single customer amounted to 10% of our total consolidated sales and other operating revenues.
**The significant segment expense categories and amounts in the table above align with segment-level information that is regularly provided to the CODM.
***Other segment items not required to be separately disclosed for each reportable segment include:
Gain (loss) on dispositions: Alaska, L48, Canada, AP, OI and Corporate
Other income: Alaska, L48, EMENA, AP, OI and Corporate
Purchased commodities: Alaska, L48, Canada, EMENA and AP
Selling, general and administrative expenses: Alaska, L48, Canada, EMENA, AP, OI and Corporate
Exploration expenses, Impairments, Taxes other than income taxes and Accretion on discounted liabilities: Alaska, L48, Canada, EMENA, AP and Corporate
Foreign currency transaction (gain) loss: Canada, EMENA, AP, OI and Corporate
Other expenses: Alaska, L48, Canada, EMENA and Corporate

Other Segment Disclosures

Other segment disclosures

Year Ended December 31, 2024			Millions of Dollars
			Alaska			L48			Canada			EMENA			AP			OI			Corporate			Consolidated Total
Investment in and advances to affiliates			$	3		123			—			1,948			4,977			8			1,551			8,610
Total Assets			18,030			66,977			9,513			9,770			8,390			8			10,092			122,780
Capital expenditures and investments			3,194			6,510			551			1,021			370			—			472			12,118

Other segment disclosures

Year Ended December 31, 2023			Millions of Dollars
			Alaska			L48			Canada			EMENA			AP			OI			Corporate			Consolidated Total
Investment in and advances to affiliates			$	32		118			—			1,191			5,419			—			1,145			7,905
Total Assets			16,174			42,415			10,277			8,396			8,903			—			9,759			95,924
Capital expenditures and investments			1,705			6,487			456			1,111			354			—			1,135			11,248

Other segment disclosures

Year Ended December 31, 2022			Millions of Dollars
			Alaska			L48			Canada			EMENA			AP			OI			Corporate			Consolidated Total
Investment in and advances to affiliates			$	55		235			—			1,049			6,154			—			—			7,493
Total Assets			15,126			42,950			6,971			8,263			9,511			—			11,008			93,829
Capital expenditures and investments			1,091			5,630			530			998			1,880			—			30			10,159

Sales and Other Operating Revenues by Product

Sales and Other Operating Revenues by Product
			Millions of Dollars
			2024			2023			2022
Crude oil			$	39,010		37,833			41,492
Natural gas			6,444			10,725			26,941
Natural gas liquids			2,889			2,609			3,650
Other*			6,402			4,974			6,411
Consolidated sales and other operating revenues by product			$	54,745		56,141			78,494

*Includes bitumen and power.

Geographic Information

Geographic Information

			Millions of Dollars
			Sales and Other Operating Revenues*												Long-Lived Assets**
			2024			2023			2022						2024			2023			2022
U.S.			$	43,480		45,101			60,899						79,141			53,955			51,200
Australia			—			—			—						4,987			5,426			6,158
Canada			3,405			3,006			3,714						8,773			9,666			6,269
China			939			952			1,135						1,651			1,635			1,538
Equatorial Guinea			66			—			—						1,593			—			—
Indonesia***			—			—			159						—			—			—
Libya			1,703			1,730			1,582						733			703			714
Malaysia			908			961			1,312						856			939			1,107
Norway			2,405			2,408			3,415						3,850			4,489			4,369
Singapore			37			—			—						—			—			—
U.K.			1,796			1,978			6,273						2			2			1
Other foreign countries			6			5			5						1,380			1,134			1,003
Worldwide consolidated			$	54,745		56,141			78,494						102,966			77,949			72,359

*Sales and other operating revenues are attributable to countries based on the location of their selling operation.

** Defined as net PP&E plus equity investments and advances to affiliated companies.

*** Assets divested in 2022. See Note 3

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Tabular disclosure of reconciliation of other items from reportable segments to their consolidated amount. Excludes reconciliation of revenue, profit (loss), and assets.

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