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Segment Information (Tables)
12 Months Ended
Dec. 31, 2019
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information, by Segment

Financial information for the years ended December 31, 2019, 2018 and 2017, by segment, is as follows:

 

 

 

 

 

 

(Stated in millions)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2019

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Depreciation

 

 

 

 

 

 

 

 

 

 

Income

 

 

 

 

 

 

and

 

 

Capital

 

 

Revenue

 

 

Before Taxes

 

 

Assets

 

 

Amortization

 

 

Expenditures

 

Reservoir Characterization

$

6,312

 

 

$

1,327

 

 

$

3,909

 

 

$

643

 

 

$

307

 

Drilling

 

9,721

 

 

 

1,216

 

 

 

5,724

 

 

 

540

 

 

 

616

 

Production

 

11,987

 

 

 

993

 

 

 

10,289

 

 

 

1,540

 

 

 

551

 

Cameron

 

5,336

 

 

 

613

 

 

 

4,102

 

 

 

233

 

 

 

166

 

Eliminations & other

 

(439

)

 

 

(171

)

 

 

1,414

 

 

 

216

 

 

 

84

 

 

 

 

 

 

 

3,978

 

 

 

 

 

 

 

 

 

 

 

 

 

Goodwill and intangible assets

 

 

 

 

 

 

 

 

 

23,130

 

 

 

 

 

 

 

 

 

Cash and short term investments

 

 

 

 

 

 

 

 

 

2,167

 

 

 

 

 

 

 

 

 

All other assets

 

 

 

 

 

 

 

 

 

5,577

 

 

 

 

 

 

 

 

 

Corporate & other (1)

 

 

 

 

 

(957

)

 

 

 

 

 

 

417

 

 

 

 

 

Interest income (2)

 

 

 

 

 

33

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest expense (3)

 

 

 

 

 

(571

)

 

 

 

 

 

 

 

 

 

 

 

 

Charges & credits (4)

 

 

 

 

 

(12,901

)

 

 

 

 

 

 

 

 

 

 

 

 

 

$

32,917

 

 

$

(10,418

)

 

$

56,312

 

 

$

3,589

 

 

$

1,724

 

50

 

 

 

 

 

 

 

(Stated in millions)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2018

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Depreciation

 

 

 

 

 

 

 

 

 

 

Income

 

 

 

 

 

 

and

 

 

Capital

 

 

Revenue

 

 

Before Taxes

 

 

Assets

 

 

Amortization

 

 

Expenditures

 

Reservoir Characterization

$

6,173

 

 

$

1,347

 

 

$

4,306

 

 

$

667

 

 

$

296

 

Drilling

 

9,250

 

 

 

1,239

 

 

 

5,843

 

 

 

597

 

 

 

718

 

Production

 

12,394

 

 

 

1,052

 

 

 

12,625

 

 

 

1,417

 

 

 

886

 

Cameron

 

5,520

 

 

 

653

 

 

 

4,138

 

 

 

247

 

 

 

152

 

Eliminations & other

 

(522

)

 

 

(104

)

 

 

1,460

 

 

 

189

 

 

 

108

 

 

 

 

 

 

 

4,187

 

 

 

 

 

 

 

 

 

 

 

 

 

Goodwill and intangible assets

 

 

 

 

 

 

 

 

 

33,658

 

 

 

 

 

 

 

 

 

Cash and short term investments

 

 

 

 

 

 

 

 

 

2,777

 

 

 

 

 

 

 

 

 

All other assets

 

 

 

 

 

 

 

 

 

5,700

 

 

 

 

 

 

 

 

 

Corporate & other (1)

 

 

 

 

 

(937

)

 

 

 

 

 

 

439

 

 

 

 

 

Interest income (2)

 

 

 

 

 

52

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest expense (3)

 

 

 

 

 

(537

)

 

 

 

 

 

 

 

 

 

 

 

 

Charges & credits (4)

 

 

 

 

 

(141

)

 

 

 

 

 

 

 

 

 

 

 

 

 

$

32,815

 

 

$

2,624

 

 

$

70,507

 

 

$

3,556

 

 

$

2,160

 

 

 

 

 

 

 

 

(Stated in millions)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2017

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Depreciation

 

 

 

 

 

 

 

 

 

 

Income

 

 

 

 

 

 

and

 

 

Capital

 

 

Revenue

 

 

Before Taxes

 

 

Assets

 

 

Amortization

 

 

Expenditures

 

Reservoir Characterization

$

6,476

 

 

$

1,184

 

 

$

4,714

 

 

$

981

 

 

$

304

 

Drilling

 

8,392

 

 

 

1,151

 

 

 

5,513

 

 

 

697

 

 

 

629

 

Production

 

10,630

 

 

 

936

 

 

 

12,450

 

 

 

1,240

 

 

 

889

 

Cameron

 

5,524

 

 

 

792

 

 

 

4,156

 

 

 

268

 

 

 

151

 

Eliminations & other

 

(582

)

 

 

(142

)

 

 

1,665

 

 

 

213

 

 

 

134

 

 

 

 

 

 

 

3,921

 

 

 

 

 

 

 

 

 

 

 

 

 

Goodwill and intangible assets

 

 

 

 

 

 

 

 

 

34,472

 

 

 

 

 

 

 

 

 

Cash, short term investments and fixed income investments

 

 

 

 

 

 

 

 

 

5,089

 

 

 

 

 

 

 

 

 

All other assets

 

 

 

 

 

 

 

 

 

3,928

 

 

 

 

 

 

 

 

 

Corporate & other (1)

 

 

 

 

 

(934

)

 

 

 

 

 

 

438

 

 

 

 

 

Interest income (2)

 

 

 

 

 

107

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest expense (3)

 

 

 

 

 

(513

)

 

 

 

 

 

 

 

 

 

 

 

 

Charges & credits (4)

 

 

 

 

 

(3,764

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$

30,440

 

 

$

(1,183

)

 

$

71,987

 

 

$

3,837

 

 

$

2,107

 

 

(1)

Comprised principally of certain corporate expenses not allocated to the segments, stock-based compensation costs, amortization expense associated with certain intangible assets (including intangible asset amortization expense resulting from the 2016 acquisition of Cameron), certain centrally managed initiatives and other nonoperating items.

(2)

Interest income excludes amounts which are included in the segments’ income (2019: $8 million; 2018: $8 million; 2017: $21 million).

(3)

Interest expense excludes amounts which are included in the segments’ income (2019: $38 million; 2018: $38 million; 2017: $53 million).

(4)

See Note 3 – Charges and Credits.

Revenue by Geographic Area

Revenue by geographic area for the years ended December 31, 2019, 2018 and 2017 is as follows:

 

(Stated in millions)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2019

 

 

2018

 

 

2017

 

North America

$

10,843

 

 

$

11,984

 

 

$

9,487

 

Latin America

 

4,149

 

 

 

3,745

 

 

 

3,976

 

Europe/CIS/Africa

 

7,683

 

 

 

7,158

 

 

 

7,072

 

Middle East & Asia

 

10,017

 

 

 

9,543

 

 

 

9,394

 

Eliminations & other

 

225

 

 

 

385

 

 

 

511

 

 

$

32,917

 

 

$

32,815

 

 

$

30,440

 

 

Summary of North America and International Revenue Disaggregated by Segment

North America and International revenue disaggregated by segment was as follows:

 

(Stated in millions)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2019

 

 

North America

 

 

International

 

 

Eliminations & other

 

 

Total

 

Reservoir Characterization

$

1,027

 

 

$

5,263

 

 

$

22

 

 

$

6,312

 

Drilling

 

2,220

 

 

 

7,294

 

 

 

207

 

 

 

9,721

 

Production

 

5,336

 

 

 

6,647

 

 

 

4

 

 

 

11,987

 

Cameron

 

2,318

 

 

 

2,975

 

 

 

43

 

 

 

5,336

 

Other

 

(58

)

 

 

(330

)

 

 

(51

)

 

 

(439

)

 

$

10,843

 

 

$

21,849

 

 

$

225

 

 

$

32,917

 

 

(Stated in millions)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2018

 

 

North America

 

 

International

 

 

Eliminations & other

 

 

Total

 

Reservoir Characterization

$

992

 

 

$

5,031

 

 

$

150

 

 

$

6,173

 

Drilling

 

2,332

 

 

 

6,684

 

 

 

234

 

 

 

9,250

 

Production

 

6,312

 

 

 

6,077

 

 

 

5

 

 

 

12,394

 

Cameron

 

2,427

 

 

 

3,007

 

 

 

86

 

 

 

5,520

 

Other

 

(79

)

 

 

(353

)

 

 

(90

)

 

 

(522

)

 

$

11,984

 

 

$

20,446

 

 

$

385

 

 

$

32,815

 

 

52

Fixed Assets Less Accumulated Depreciation by Geographic Area

Fixed Assets less accumulated depreciation by geographic area are as follows:

 

(Stated in millions)

 

 

 

 

 

 

 

 

 

 

2019

 

 

2018

 

North America

$

3,646

 

 

$

5,715

 

Latin America

 

824

 

 

 

898

 

Europe/CIS/Africa

 

2,258

 

 

 

2,364

 

Middle East & Asia

 

2,453

 

 

 

2,604

 

Unallocated

 

89

 

 

 

98

 

 

$

9,270

 

 

$

11,679