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Segment Information (Tables)
6 Months Ended
Jun. 30, 2022
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information, by Segment

 

 

 

 

 

 

(Stated in millions)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Second Quarter 2022

 

 

Second Quarter 2021

 

 

 

 

 

 

Income

 

 

 

 

 

 

Income

 

 

Revenue

 

 

Before Taxes

 

 

Revenue

 

 

Before Taxes

 

Digital & Integration

$

955

 

 

$

379

 

 

$

817

 

 

$

274

 

Reservoir Performance

 

1,333

 

 

 

195

 

 

 

1,117

 

 

 

156

 

Well Construction

 

2,686

 

 

 

470

 

 

 

2,110

 

 

 

272

 

Production Systems

 

1,893

 

 

 

171

 

 

 

1,681

 

 

 

171

 

Eliminations & other

 

(94

)

 

 

(56

)

 

 

(91

)

 

 

(66

)

Pretax segment operating income

 

 

 

 

 

1,159

 

 

 

 

 

 

 

807

 

Corporate & other (1)

 

 

 

 

 

(148

)

 

 

 

 

 

 

(138

)

Interest income (2)

 

 

 

 

 

3

 

 

 

 

 

 

 

5

 

Interest expense (3)

 

 

 

 

 

(121

)

 

 

 

 

 

 

(132

)

Charges and credits (4)

 

 

 

 

 

259

 

 

 

 

 

 

 

-

 

 

$

6,773

 

 

$

1,152

 

 

$

5,634

 

 

$

542

 

 

(1)

Comprised principally of certain corporate expenses not allocated to the segments, stock-based compensation costs, amortization expense associated with certain intangible assets, certain centrally managed initiatives and other nonoperating items.

(2)

Interest income excludes amounts which are included in the segments’ income ($16 million in 2022; $1 million in 2021).

(3)

Interest expense excludes amounts which are included in the segments’ income ($3 million in 2022; $4 million in 2021).

(4)

See Note 2 – Charges and Credits.

 

 

 

 

 

 

 

(Stated in millions)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Six Months 2022

 

 

Six Months 2021

 

 

 

 

 

 

Income

 

 

 

 

 

 

Income

 

 

Revenue

 

 

Before Taxes

 

 

Revenue

 

 

Before Taxes

 

Digital & Integration

$

1,813

 

 

$

671

 

 

$

1,590

 

 

$

521

 

Reservoir Performance

 

2,543

 

 

 

355

 

 

 

2,119

 

 

 

258

 

Well Construction

 

5,083

 

 

 

858

 

 

 

4,045

 

 

 

482

 

Production Systems

 

3,497

 

 

 

285

 

 

 

3,271

 

 

 

309

 

Eliminations & other

 

(201

)

 

 

(115

)

 

 

(168

)

 

 

(99

)

Pretax segment operating income

 

 

 

 

 

2,054

 

 

 

 

 

 

 

1,471

 

Corporate & other (1)

 

 

 

 

 

(313

)

 

 

 

 

 

 

(288

)

Interest income (2)

 

 

 

 

 

5

 

 

 

 

 

 

 

9

 

Interest expense (3)

 

 

 

 

 

(241

)

 

 

 

 

 

 

(264

)

Charges and credits (4)

 

 

 

 

 

285

 

 

 

 

 

 

 

-

 

 

$

12,735

 

 

$

1,790

 

 

$

10,857

 

 

$

928

 

(1)

Comprised principally of certain corporate expenses not allocated to the segments, stock-based compensation costs, amortization expense associated with certain intangible assets, certain centrally managed initiatives and other nonoperating items.

(2)

Interest income excludes amounts which are included in the segments’ income ($28 million in 2022; $1 million in 2021).

(3)

Interest expense excludes amounts which are included in the segments’ income ($6 million in 2022; $8 million in 2021).

(4)

See Note 2 – Charges and Credits.

Revenue by Geographic Area

Revenue by geographic area was as follows:

 

 

 

 

 

 

 

 

 

 

(Stated in millions)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Second Quarter

 

 

Six Months

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

North America

$

1,537

 

 

$

1,083

 

 

$

2,819

 

 

$

2,055

 

Latin America

 

1,329

 

 

 

1,057

 

 

 

2,534

 

 

 

2,095

 

Europe/CIS/Africa

 

1,691

 

 

 

1,453

 

 

 

3,094

 

 

 

2,709

 

Middle East & Asia

 

2,168

 

 

 

2,001

 

 

 

4,192

 

 

 

3,918

 

Eliminations & other

 

48

 

 

 

40

 

 

 

96

 

 

 

80

 

 

$

6,773

 

 

$

5,634

 

 

$

12,735

 

 

$

10,857

 

 

 

Summary Of Geographical Segment Revenue Disaggregated By Segment [Table Text Block]

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

 

 

 

 

 

 

 

 

 

 

(Stated in millions)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Second Quarter 2022

 

 

North

 

 

 

 

 

 

Eliminations

 

 

 

 

 

 

America

 

 

International

 

 

& other

 

 

Total

 

Digital & Integration

$

327

 

 

$

627

 

 

$

1

 

 

$

955

 

Reservoir Performance

 

111

 

 

 

1,222

 

 

 

-

 

 

 

1,333

 

Well Construction

 

553

 

 

 

2,083

 

 

 

50

 

 

 

2,686

 

Production Systems

 

550

 

 

 

1,341

 

 

 

2

 

 

 

1,893

 

Eliminations & other

 

(4

)

 

 

(85

)

 

 

(5

)

 

 

(94

)

 

$

1,537

 

 

$

5,188

 

 

$

48

 

 

$

6,773

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Second Quarter 2021

 

 

North

 

 

 

 

 

 

Eliminations

 

 

 

 

 

 

America

 

 

International

 

 

& other

 

 

Total

 

Digital & Integration

$

191

 

 

$

625

 

 

$

1

 

 

$

817

 

Reservoir Performance

 

79

 

 

 

1,038

 

 

 

-

 

 

 

1,117

 

Well Construction

 

352

 

 

 

1,708

 

 

 

50

 

 

 

2,110

 

Production Systems

 

458

 

 

 

1,220

 

 

 

3

 

 

 

1,681

 

Eliminations & other

 

3

 

 

 

(80

)

 

 

(14

)

 

 

(91

)

 

$

1,083

 

 

$

4,511

 

 

$

40

 

 

$

5,634

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Six Months 2022

 

 

North

 

 

 

 

 

 

Eliminations

 

 

 

 

 

 

America

 

 

International

 

 

& other

 

 

Total

 

Digital & Integration

$

552

 

 

$

1,258

 

 

$

3

 

 

$

1,813

 

Reservoir Performance

 

214

 

 

 

2,326

 

 

 

3

 

 

 

2,543

 

Well Construction

 

1,038

 

 

 

3,948

 

 

 

97

 

 

 

5,083

 

Production Systems

 

1,023

 

 

 

2,468

 

 

 

6

 

 

 

3,497

 

Eliminations & other

 

(8

)

 

 

(180

)

 

 

(13

)

 

 

(201

)

 

$

2,819

 

 

$

9,820

 

 

$

96

 

 

$

12,735

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Six Months 2021

 

 

North

 

 

 

 

 

 

Eliminations

 

 

 

 

 

 

America

 

 

International

 

 

& other

 

 

Total

 

Digital & Integration

$

352

 

 

$

1,235

 

 

$

3

 

 

$

1,590

 

Reservoir Performance

 

157

 

 

 

1,960

 

 

 

2

 

 

 

2,119

 

Well Construction

 

663

 

 

 

3,285

 

 

 

97

 

 

 

4,045

 

Production Systems

 

878

 

 

 

2,382

 

 

 

11

 

 

 

3,271

 

Eliminations & other

 

5

 

 

 

(140

)

 

 

(33

)

 

 

(168

)

 

$

2,055

 

 

$

8,722

 

 

$

80

 

 

$

10,857