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Segment Information (Tables)
3 Months Ended
Mar. 31, 2020
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information, by Segment

 

 

 

 

 

 

(Stated in millions)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

First Quarter 2020

 

 

First Quarter 2019

 

 

 

 

 

 

Income (Loss)

 

 

 

 

 

 

Income (Loss)

 

 

 

 

 

 

Before

 

 

 

 

 

 

Before

 

 

Revenue

 

 

Taxes

 

 

Revenue

 

 

Taxes

 

Reservoir Characterization

$

1,311

 

 

$

184

 

 

$

1,459

 

 

$

281

 

Drilling

 

2,291

 

 

 

285

 

 

 

2,387

 

 

 

307

 

Production

 

2,703

 

 

 

212

 

 

 

2,890

 

 

 

217

 

Cameron

 

1,254

 

 

 

121

 

 

 

1,259

 

 

 

148

 

Eliminations & other

 

(104

)

 

 

(26

)

 

 

(116

)

 

 

(45

)

 

 

 

 

 

 

776

 

 

 

 

 

 

 

908

 

Corporate & other (1)

 

 

 

 

 

(228

)

 

 

 

 

 

 

(273

)

Interest income (2)

 

 

 

 

 

15

 

 

 

 

 

 

 

10

 

Interest expense (3)

 

 

 

 

 

(129

)

 

 

 

 

 

 

(136

)

Charges and credits (4)

 

 

 

 

 

(8,523

)

 

 

 

 

 

 

-

 

 

$

7,455

 

 

$

(8,089

)

 

$

7,879

 

 

$

509

 

 

 

Certain prior period amounts have been reclassified to conform to the current period presentation.

(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 ($- million in 2020; $1 million in 2019).

(3)

Interest expense excludes amounts which are included in the segments’ income ($7 million in 2020; $11 million in 2019).

(4)

See Note 2 – Charges and Credits.

 

Revenue by Geographic Area

Revenue by geographic area was as follows:

 

 

(Stated in millions)

 

 

 

 

 

 

 

 

 

 

First Quarter

 

 

2020

 

 

2019

 

North America

$

2,279

 

 

$

2,738

 

Latin America

 

945

 

 

 

992

 

Europe/CIS/Africa

 

1,751

 

 

 

1,707

 

Middle East & Asia

 

2,425

 

 

 

2,338

 

Eliminations & other

 

55

 

 

 

104

 

 

$

7,455

 

 

$

7,879

 

 

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 2020

 

 

North

 

 

 

 

 

 

Eliminations

 

 

 

 

 

 

America

 

 

International

 

 

& other

 

 

Total

 

Reservoir Characterization

$

199

 

 

$

1,107

 

 

$

5

 

 

$

1,311

 

Drilling

 

524

 

 

 

1,722

 

 

 

45

 

 

 

2,291

 

Production

 

1,066

 

 

 

1,637

 

 

 

-

 

 

 

2,703

 

Cameron

 

506

 

 

 

726

 

 

 

22

 

 

 

1,254

 

Other

 

(16

)

 

 

(71

)

 

 

(17

)

 

 

(104

)

 

$

2,279

 

 

$

5,121

 

 

$

55

 

 

$

7,455

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

First Quarter 2019

 

 

North

 

 

 

 

 

 

Eliminations

 

 

 

 

 

 

America

 

 

International

 

 

& other

 

 

Total

 

Reservoir Characterization

$

216

 

 

$

1,239

 

 

$

4

 

 

$

1,459

 

Drilling

 

578

 

 

 

1,755

 

 

 

54

 

 

 

2,387

 

Production

 

1,373

 

 

 

1,516

 

 

 

1

 

 

 

2,890

 

Cameron

 

581

 

 

 

621

 

 

 

57

 

 

 

1,259

 

Other

 

(10

)

 

 

(94

)

 

 

(12

)

 

 

(116

)

 

$

2,738

 

 

$

5,037

 

 

$

104

 

 

$

7,879