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Segment Information (Tables)
12 Months Ended
Dec. 31, 2022
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information, by Segment

 

Financial information by segment is as follows:

 

 

 

 

 

(Stated in millions)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2022

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Depreciation

 

 

 

 

 

 

 

 

 

 

Pretax

 

 

 

 

 

 

and

 

 

Capital

 

 

Revenue

 

 

Income

 

 

Assets

 

 

Amortization

 

 

Investments

 

Digital & Integration

$

3,725

 

 

$

1,357

 

 

$

3,132

 

 

$

504

 

 

$

689

 

Reservoir Performance

 

5,553

 

 

 

881

 

 

 

3,159

 

 

 

386

 

 

 

478

 

Well Construction

 

11,397

 

 

 

2,202

 

 

 

6,481

 

 

 

524

 

 

 

687

 

Production Systems

 

7,862

 

 

 

748

 

 

 

5,603

 

 

 

311

 

 

 

346

 

Eliminations & other

 

(446

)

 

 

(177

)

 

 

1,426

 

 

 

271

 

 

 

102

 

Pretax segment operating income

 

 

 

 

 

5,011

 

 

 

 

 

 

 

 

 

 

 

 

 

Goodwill and intangible assets

 

 

 

 

 

 

 

 

 

15,974

 

 

 

 

 

 

 

 

 

Cash and short-term investments

 

 

 

 

 

 

 

 

 

2,897

 

 

 

 

 

 

 

 

 

All other assets

 

 

 

 

 

 

 

 

 

4,463

 

 

 

 

 

 

 

 

 

Corporate & other (1)

 

 

 

 

 

(637

)

 

 

 

 

 

 

151

 

 

 

 

 

Interest income (2)

 

 

 

 

 

27

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest expense (3)

 

 

 

 

 

(477

)

 

 

 

 

 

 

 

 

 

 

 

 

Charges & credits (4)

 

 

 

 

 

347

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$

28,091

 

 

$

4,271

 

 

$

43,135

 

 

$

2,147

 

 

$

2,302

 

 

 

 

 

 

 

 

(Stated in millions)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2021

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Depreciation

 

 

 

 

 

 

 

 

 

 

Pretax

 

 

 

 

 

 

and

 

 

Capital

 

 

Revenue

 

 

Income

 

 

Assets

 

 

Amortization

 

 

Investments

 

Digital & Integration

$

3,290

 

 

$

1,141

 

 

$

3,134

 

 

$

446

 

 

$

516

 

Reservoir Performance

 

4,599

 

 

 

648

 

 

 

2,923

 

 

 

415

 

 

 

348

 

Well Construction

 

8,706

 

 

 

1,195

 

 

 

4,714

 

 

 

537

 

 

 

424

 

Production Systems

 

6,710

 

 

 

634

 

 

 

4,684

 

 

 

302

 

 

 

267

 

Eliminations & other

 

(376

)

 

 

(253

)

 

 

1,501

 

 

 

269

 

 

 

99

 

Pretax segment operating income

 

 

 

 

 

3,365

 

 

 

 

 

 

 

 

 

 

 

 

 

Goodwill and intangible assets

 

 

 

 

 

 

 

 

 

16,201

 

 

 

 

 

 

 

 

 

Cash and short-term investments

 

 

 

 

 

 

 

 

 

3,139

 

 

 

 

 

 

 

 

 

All other assets

 

 

 

 

 

 

 

 

 

5,215

 

 

 

 

 

 

 

 

 

Corporate & other (1)

 

 

 

 

 

(573

)

 

 

 

 

 

 

151

 

 

 

 

 

Interest income (2)

 

 

 

 

 

31

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest expense (3)

 

 

 

 

 

(514

)

 

 

 

 

 

 

 

 

 

 

 

 

Charges & credits (4)

 

 

 

 

 

65

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$

22,929

 

 

$

2,374

 

 

$

41,511

 

 

$

2,120

 

 

$

1,654

 

 

 

 

 

 

 

 

 

(Stated in millions)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2020

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Depreciation

 

 

 

 

 

 

 

 

 

 

Pretax

 

 

 

 

 

 

and

 

 

Capital

 

 

Revenue

 

 

Income (Loss)

 

 

Assets

 

 

Amortization

 

 

Investments

 

Digital & Integration

$

3,067

 

 

$

727

 

 

$

3,595

 

 

$

615

 

 

$

413

 

Reservoir Performance

 

5,602

 

 

 

353

 

 

 

3,489

 

 

 

549

 

 

 

384

 

Well Construction

 

8,614

 

 

 

870

 

 

 

4,768

 

 

 

580

 

 

 

420

 

Production Systems

 

6,650

 

 

 

623

 

 

 

4,665

 

 

 

338

 

 

 

240

 

Eliminations & other

 

(332

)

 

 

(172

)

 

 

940

 

 

 

276

 

 

 

63

 

Pretax segment operating income

 

 

 

 

 

2,401

 

 

 

 

 

 

 

 

 

 

 

 

 

Goodwill and intangible assets

 

 

 

 

 

 

 

 

 

16,436

 

 

 

 

 

 

 

 

 

Cash and short-term investments

 

 

 

 

 

 

 

 

 

3,006

 

 

 

 

 

 

 

 

 

All other assets

 

 

 

 

 

 

 

 

 

5,535

 

 

 

 

 

 

 

 

 

Corporate & other (1)

 

 

 

 

 

(681

)

 

 

 

 

 

 

208

 

 

 

 

 

Interest income (2)

 

 

 

 

 

31

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest expense (3)

 

 

 

 

 

(534

)

 

 

 

 

 

 

 

 

 

 

 

 

Charges & credits (4)

 

 

 

 

 

(12,515

)

 

 

 

 

 

 

 

 

 

 

 

 

 

$

23,601

 

 

$

(11,298

)

 

$

42,434

 

 

$

2,566

 

 

$

1,520

 

 

(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 (2022: $72 million; 2021: $2 million; 2020: $2 million).

(3)

Interest expense excludes amounts which are included in the segments’ income (2022: $13 million; 2021: $15 million; 2020: $28 million) and $10 million interest expense included in Charges & credits in 2021.

(4)

See Note 3 – Charges and Credits.

Revenue by Geographic Area

 

Revenue by geographic area for the years ended December 31, 2022, 2021 and 2020 was as follows:

 

(Stated in millions)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2022

 

 

2021

 

 

2020

 

North America

$

5,995

 

 

$

4,466

 

 

$

5,478

 

Latin America

 

5,661

 

 

 

4,459

 

 

 

3,472

 

Europe/CIS/Africa

 

7,201

 

 

 

5,778

 

 

 

5,963

 

Middle East & Asia

 

9,033

 

 

 

8,059

 

 

 

8,567

 

Eliminations & other

 

201

 

 

 

167

 

 

 

121

 

 

$

28,091

 

 

$

22,929

 

 

$

23,601

 

 

Summary of North America and International Revenue Disaggregated by Segment

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

(Stated in millions)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2022

 

 

North America

 

 

International

 

 

Other

 

 

Total

 

Digital & Integration

$

1,069

 

 

$

2,651

 

 

$

5

 

 

$

3,725

 

Reservoir Performance

 

455

 

 

 

5,091

 

 

 

7

 

 

 

5,553

 

Well Construction

 

2,311

 

 

 

8,875

 

 

 

211

 

 

 

11,397

 

Production Systems

 

2,176

 

 

 

5,675

 

 

 

11

 

 

 

7,862

 

Eliminations & other

 

(16

)

 

 

(397

)

 

 

(33

)

 

 

(446

)

 

$

5,995

 

 

$

21,895

 

 

$

201

 

 

$

28,091

 

 

(Stated in millions)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2021

 

 

North America

 

 

International

 

 

Other

 

 

Total

 

Digital & Integration

$

812

 

 

$

2,474

 

 

$

4

 

 

$

3,290

 

Reservoir Performance

 

329

 

 

 

4,266

 

 

 

4

 

 

 

4,599

 

Well Construction

 

1,485

 

 

 

7,025

 

 

 

196

 

 

 

8,706

 

Production Systems

 

1,832

 

 

 

4,865

 

 

 

13

 

 

 

6,710

 

Eliminations & other

 

8

 

 

 

(334

)

 

 

(50

)

 

 

(376

)

 

$

4,466

 

 

$

18,296

 

 

$

167

 

 

$

22,929

 

 

(Stated in millions)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2020

 

 

North America

 

 

International

 

 

Other

 

 

Total

 

Digital & Integration

$

573

 

 

$

2,487

 

 

$

7

 

 

$

3,067

 

Reservoir Performance

 

1,547

 

 

 

4,043

 

 

 

12

 

 

 

5,602

 

Well Construction

 

1,453

 

 

 

6,965

 

 

 

196

 

 

 

8,614

 

Production Systems

 

1,921

 

 

 

4,702

 

 

 

27

 

 

 

6,650

 

Eliminations & other

 

(16

)

 

 

(195

)

 

 

(121

)

 

 

(332

)

 

$

5,478

 

 

$

18,002

 

 

$

121

 

 

$

23,601

 

 

Fixed Assets Less Accumulated Depreciation by Geographic Area

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

 

(Stated in millions)

 

 

 

 

 

 

 

 

 

 

2022

 

 

2021

 

North America

$

1,459

 

 

$

1,368

 

Latin America

 

913

 

 

 

868

 

Europe/CIS/Africa

 

1,668

 

 

 

1,690

 

Middle East & Asia

 

2,099

 

 

 

2,049

 

Unallocated

 

468

 

 

 

454

 

 

$

6,607

 

 

$

6,429