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Segment Information (Tables)

3 Months Ended

Mar. 31, 2026

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment

Financial information by segment is as follows:

					(Stated in millions)
	First Quarter 2026
									Depreciation
					Income				and				Capital
	Revenue				Before Taxes				Amortization				Investments (5)
Digital	$	640			$	134			$	33			$	65
Reservoir Performance		1,594				257				113				89
Well Construction		2,797				424				161				107
Production Systems		3,508				497				152				129
All Other		443				113				84				107
Eliminations & other		(261	)			(104	)			69				13
Corporate & other (1)						(228	)			73
Interest income (2)						20
Interest expense (3)						(116	)
Charges and credits (4)						(41	)
	$	8,721			$	956			$	685			$	510

					(Stated in millions)
	First Quarter 2025
									Depreciation
					Income				and				Capital
	Revenue				Before Taxes				Amortization				Investments (5)
Digital	$	587			$	125			$	56			$	54
Reservoir Performance		1,700				282				104				137
Well Construction		2,977				589				164				129
Production Systems		2,841				471				90				91
All Other		562				162				111				121
Eliminations & other		(177	)			(73	)			70				25
Corporate & other (1)						(179	)			45
Interest income (2)						36
Interest expense (3)						(144	)
Charges and credits (4)						(206	)
	$	8,490			$	1,063			$	640			$	557

(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 that are included in the segments’ income ($5 million in 2026; $- million in 2025).

(3)Interest expense excludes amounts that are included in the segments’ income ($- million in 2026; $3 million in 2025).

(4)See Note 2 – Charges and Credits.

(5)Capital investments includes capital expenditures, APS investments, and exploration data costs capitalized.

Total assets by segment are as follows:

	(Stated in millions)
		Mar. 31,				Dec. 31,
		2026				2025
Digital		$	902			$	925
Reservoir Performance			4,063				3,947
Well Construction			6,395				6,167
Production Systems			9,414				9,373
All Other			2,327				2,249
Eliminations and other			1,094				1,033
Goodwill and intangibles			21,753				21,783
Cash and short-term investments			3,387				4,212
All other assets			5,191				5,179
		$	54,526			$	54,868

Revenue by Geographic Area

Revenue by geographic area was as follows:

	(Stated in millions)
	First Quarter
	2026				2025
North America	$	2,167			$	1,719
Latin America		1,528				1,495
Europe & Africa (1)		2,256				2,235
Middle East & Asia		2,687				2,997
Other		83				44
	$	8,721			$	8,490

(1)Includes Russia and the Caspian region.

Summary of North America and International Revenue Disaggregated by Segment

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

									(Stated in millions)
	First Quarter 2026
	North
	America				International				Other				Total
Digital	$	197			$	443			$	-			$	640
Reservoir Performance		143				1,445				6				1,594
Well Construction		548				2,195				54				2,797
Production Systems		1,206				2,272				30				3,508
All Other		143				300				-				443
Eliminations & other		(70	)			(184	)			(7	)			(261	)
	$	2,167			$	6,471			$	83			$	8,721
									(Stated in millions)
	First Quarter 2025
	North
	America				International				Other				Total
Digital	$	171			$	416			$	-			$	587
Reservoir Performance		142				1,557				1				1,700
Well Construction		541				2,381				55				2,977
Production Systems		671				2,166				4				2,841
All Other		216				347				(1	)			562
Eliminations & other		(22	)			(140	)			(15	)			(177	)
	$	1,719			$	6,727			$	44			$	8,490

Summary of Significant Segment Expenses

Significant segment expenses, which represent the difference between segment revenue and pretax segment income, consist of the following:

(Stated in millions)
	First Quarter 2026
					Reservoir				Well				Production
	Digital				Performance				Construction				Systems
Compensation	$	183			$	387			$	582			$	466
Cost of products, materials, and supplies		-				270				768				1,990
Depreciation and amortization		33				113				161				152
Allocations		88				162				229				137
Other		202				405				633				266
	$	506			$	1,337			$	2,373			$	3,011
(Stated in millions)
	First Quarter 2025
					Reservoir				Well				Production
	Digital				Performance				Construction				Systems
Compensation	$	189			$	407			$	604			$	240
Cost of products, materials, and supplies		-				309				802				1,731
Depreciation and amortization		56				104				164				90
Allocations		77				165				250				137
Other		140				433				568				172
	$	462			$	1,418			$	2,388			$	2,370

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