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Segment Information (Tables)
9 Months Ended
Sep. 30, 2020
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information, by Segment

 

 

 

 

 

 

(Stated in millions)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Third Quarter 2020

 

 

Third Quarter 2019

 

 

 

 

 

 

Income (Loss)

 

 

 

 

 

 

Income (Loss)

 

 

 

 

 

 

Before

 

 

 

 

 

 

Before

 

 

Revenue

 

 

Taxes

 

 

Revenue

 

 

Taxes

 

Reservoir Characterization

$

1,010

 

 

$

169

 

 

$

1,651

 

 

$

360

 

Drilling

 

1,519

 

 

 

144

 

 

 

2,469

 

 

 

306

 

Production

 

1,801

 

 

 

227

 

 

 

3,153

 

 

 

288

 

Cameron

 

965

 

 

 

60

 

 

 

1,363

 

 

 

173

 

Eliminations & other

 

(37

)

 

 

(25

)

 

 

(95

)

 

 

(31

)

 

 

 

 

 

 

575

 

 

 

 

 

 

 

1,096

 

Corporate & other (1)

 

 

 

 

 

(151

)

 

 

 

 

 

 

(231

)

Interest income (2)

 

 

 

 

 

3

 

 

 

 

 

 

 

7

 

Interest expense (3)

 

 

 

 

 

(131

)

 

 

 

 

 

 

(151

)

Charges and credits (4)

 

 

 

 

 

(350

)

 

 

 

 

 

 

(12,692

)

 

$

5,258

 

 

$

(54

)

 

$

8,541

 

 

$

(11,971

)

 

 

(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; $9 million in 2019).

(4)

See Note 2 – Charges and Credits.

 

 

 

 

 

 

(Stated in millions)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Nine Months 2020

 

 

Nine Months 2019

 

 

 

 

 

 

Income (Loss)

 

 

 

 

 

 

Income (Loss)

 

 

 

 

 

 

Before

 

 

 

 

 

 

Before

 

 

Revenue

 

 

Taxes

 

 

Revenue

 

 

Taxes

 

Reservoir Characterization

$

3,372

 

 

$

538

 

 

$

4,669

 

 

$

959

 

Drilling

 

5,540

 

 

 

594

 

 

 

7,275

 

 

 

914

 

Production

 

6,119

 

 

 

464

 

 

 

9,120

 

 

 

740

 

Cameron

 

3,235

 

 

 

262

 

 

 

3,949

 

 

 

486

 

Eliminations & other

 

(197

)

 

 

(111

)

 

 

(324

)

 

 

(127

)

 

 

 

 

 

 

1,747

 

 

 

 

 

 

 

2,972

 

Corporate & other (1)

 

 

 

 

 

(548

)

 

 

 

 

 

 

(742

)

Interest income (2)

 

 

 

 

 

25

 

 

 

 

 

 

 

25

 

Interest expense (3)

 

 

 

 

 

(397

)

 

 

 

 

 

 

(433

)

Charges and credits (4)

 

 

 

 

 

(12,596

)

 

 

 

 

 

 

(12,692

)

 

$

18,069

 

 

$

(11,769

)

 

$

24,689

 

 

$

(10,870

)

 

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 ($1 million in 2020; $6 million in 2019).

(3)

Interest expense excludes amounts which are included in the segments’ income ($22 million in 2020; $29 million in 2019).

(4)

See Note 2 – Charges and Credits.

Revenue by Geographic Area

 

Revenue by geographic area was as follows:

 

 

 

 

 

 

 

 

 

 

(Stated in millions)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Third Quarter

 

 

Nine Months

 

 

2020

 

 

2019

 

 

2020

 

 

2019

 

North America

$

1,157

 

 

$

2,850

 

 

$

4,620

 

 

$

8,389

 

Latin America

 

707

 

 

 

1,014

 

 

 

2,195

 

 

 

3,121

 

Europe/CIS/Africa

 

1,397

 

 

 

2,062

 

 

 

4,597

 

 

 

5,665

 

Middle East & Asia

 

1,987

 

 

 

2,553

 

 

 

6,559

 

 

 

7,343

 

Eliminations & other

 

10

 

 

 

62

 

 

 

98

 

 

 

171

 

 

$

5,258

 

 

$

8,541

 

 

$

18,069

 

 

$

24,689

 

 

Summary of North America and International Revenue Disaggregated by Segment

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

 

 

 

 

 

 

 

 

 

 

(Stated in millions)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Third Quarter 2020

 

 

North

 

 

 

 

 

 

Eliminations

 

 

 

 

 

 

America

 

 

International

 

 

& other

 

 

Total

 

Reservoir Characterization

$

143

 

 

$

863

 

 

$

4

 

 

$

1,010

 

Drilling

 

226

 

 

 

1,265

 

 

 

28

 

 

 

1,519

 

Production

 

462

 

 

 

1,338

 

 

 

1

 

 

 

1,801

 

Cameron

 

326

 

 

 

646

 

 

 

(7

)

 

 

965

 

Other

 

-

 

 

 

(21

)

 

 

(16

)

 

 

(37

)

 

$

1,157

 

 

$

4,091

 

 

$

10

 

 

$

5,258

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Third Quarter 2019

 

 

North

 

 

 

 

 

 

Eliminations

 

 

 

 

 

 

America

 

 

International

 

 

& other

 

 

Total

 

Reservoir Characterization

$

299

 

 

$

1,347

 

 

$

5

 

 

$

1,651

 

Drilling

 

552

 

 

 

1,861

 

 

 

56

 

 

 

2,469

 

Production

 

1,426

 

 

 

1,726

 

 

 

1

 

 

 

3,153

 

Cameron

 

589

 

 

 

772

 

 

 

2

 

 

 

1,363

 

Other

 

(16

)

 

 

(77

)

 

 

(2

)

 

 

(95

)

 

$

2,850

 

 

$

5,629

 

 

$

62

 

 

$

8,541

 

 

 

 

 

 

 

(Stated in millions)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Nine Months 2020

 

 

North

 

 

 

 

 

 

Eliminations

 

 

 

 

 

 

America

 

 

International

 

 

& other

 

 

Total

 

Reservoir Characterization

$

508

 

 

$

2,851

 

 

$

13

 

 

$

3,372

 

Drilling

 

1,018

 

 

 

4,404

 

 

 

118

 

 

 

5,540

 

Production

 

1,937

 

 

 

4,180

 

 

 

2

 

 

 

6,119

 

Cameron

 

1,173

 

 

 

2,048

 

 

 

14

 

 

 

3,235

 

Other

 

(16

)

 

 

(132

)

 

 

(49

)

 

 

(197

)

 

$

4,620

 

 

$

13,351

 

 

$

98

 

 

$

18,069

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Nine Months 2019

 

 

North

 

 

 

 

 

 

Eliminations

 

 

 

 

 

 

America

 

 

International

 

 

& other

 

 

Total

 

Reservoir Characterization

$

756

 

 

$

3,898

 

 

$

15

 

 

$

4,669

 

Drilling

 

1,680

 

 

 

5,435

 

 

 

160

 

 

 

7,275

 

Production

 

4,218

 

 

 

4,900

 

 

 

2

 

 

 

9,120

 

Cameron

 

1,771

 

 

 

2,146

 

 

 

32

 

 

 

3,949

 

Other

 

(36

)

 

 

(250

)

 

 

(38

)

 

 

(324

)

 

$

8,389

 

 

$

16,129

 

 

$

171

 

 

$

24,689