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

Financial information for the years ended December 31, 2020, 2019 and 2018, by segment, is as follows:

 

 

 

 

 

 

(Stated in millions)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2020

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Depreciation

 

 

 

 

 

 

 

 

 

 

Income (Loss)

 

 

 

 

 

 

and

 

 

Capital

 

 

Revenue

 

 

Before Taxes

 

 

Assets

 

 

Amortization

 

 

Investments

 

Digital & Integration

$

3,076

 

 

$

731

 

 

$

3,595

 

 

$

615

 

 

$

413

 

Reservoir Performance

 

5,602

 

 

 

353

 

 

 

3,489

 

 

 

549

 

 

 

384

 

Well Construction

 

8,605

 

 

 

866

 

 

 

4,768

 

 

 

580

 

 

 

420

 

Production Systems

 

6,650

 

 

 

623

 

 

 

4,665

 

 

 

338

 

 

 

240

 

Eliminations & other

 

(332

)

 

 

(172

)

 

 

940

 

 

 

276

 

 

 

63

 

 

 

 

 

 

 

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

 

 

 

 

 

 

 

 

(Stated in millions)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2019

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Depreciation

 

 

 

 

 

 

 

 

 

 

Income (Loss)

 

 

 

 

 

 

and

 

 

Capital

 

 

Revenue

 

 

Before Taxes

 

 

Assets

 

 

Amortization

 

 

Investments

 

Digital & Integration

$

4,145

 

 

$

882

 

 

$

6,388

 

 

$

1,069

 

 

$

1,020

 

Reservoir Performance

 

9,299

 

 

 

992

 

 

 

5,198

 

 

 

807

 

 

 

569

 

Well Construction

 

11,880

 

 

 

1,429

 

 

 

6,913

 

 

 

656

 

 

 

650

 

Production Systems

 

8,167

 

 

 

847

 

 

 

5,625

 

 

 

390

 

 

 

384

 

Eliminations & other

 

(574

)

 

 

(172

)

 

 

1,314

 

 

 

250

 

 

 

113

 

 

 

 

 

 

 

3,978

 

 

 

 

 

 

 

 

 

 

 

 

 

Goodwill and intangible assets

 

 

 

 

 

 

 

 

 

23,130

 

 

 

 

 

 

 

 

 

Cash and short-term investments

 

 

 

 

 

 

 

 

 

2,167

 

 

 

 

 

 

 

 

 

All other assets

 

 

 

 

 

 

 

 

 

5,577

 

 

 

 

 

 

 

 

 

Corporate & other (1)

 

 

 

 

 

(957

)

 

 

 

 

 

 

417

 

 

 

 

 

Interest income (2)

 

 

 

 

 

33

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest expense (3)

 

 

 

 

 

(571

)

 

 

 

 

 

 

 

 

 

 

 

 

Charges & credits (4)

 

 

 

 

 

(12,901

)

 

 

 

 

 

 

 

 

 

 

 

 

 

$

32,917

 

 

$

(10,418

)

 

$

56,312

 

 

$

3,589

 

 

$

2,736

 

 

 

 

 

 

 

 

(Stated in millions)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2018

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Depreciation

 

 

 

 

 

 

 

 

 

 

Income

 

 

 

 

 

 

and

 

 

Capital

 

 

Revenue

 

 

Before Taxes

 

 

Assets

 

 

Amortization

 

 

Investments

 

Digital & Integration

$

3,820

 

 

$

882

 

 

$

6,784

 

 

$

894

 

 

$

1,091

 

Reservoir Performance

 

10,050

 

 

 

1,169

 

 

 

7,396

 

 

 

850

 

 

 

899

 

Well Construction

 

11,310

 

 

 

1,465

 

 

 

7,112

 

 

 

713

 

 

 

769

 

Production Systems

 

8,168

 

 

 

843

 

 

 

5,632

 

 

 

423

 

 

 

343

 

Eliminations & other

 

(533

)

 

 

(172

)

 

 

1,448

 

 

 

237

 

 

 

139

 

 

 

 

 

 

 

4,187

 

 

 

 

 

 

 

 

 

 

 

 

 

Goodwill and intangible assets

 

 

 

 

 

 

 

 

 

33,658

 

 

 

 

 

 

 

 

 

Cash and short-term investments

 

 

 

 

 

 

 

 

 

2,777

 

 

 

 

 

 

 

 

 

All other assets

 

 

 

 

 

 

 

 

 

5,700

 

 

 

 

 

 

 

 

 

Corporate & other (1)

 

 

 

 

 

(937

)

 

 

 

 

 

 

439

 

 

 

 

 

Interest income (2)

 

 

 

 

 

52

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest expense (3)

 

 

 

 

 

(537

)

 

 

 

 

 

 

 

 

 

 

 

 

Charges & credits (4)

 

 

 

 

 

(141

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$

32,815

 

 

$

2,624

 

 

$

70,507

 

 

$

3,556

 

 

$

3,241

 

 

(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 (2020: $2 million; 2019: $8 million; 2018: $8 million).

(3)

Interest expense excludes amounts which are included in the segments’ income (2020: $28 million; 2019: $38 million; 2018: $38 million).

(4)

See Note 3 – Charges and Credits.

Revenue by Geographic Area

Revenue by geographic area for the years ended December 31, 2020, 2019 and 2018 is as follows:

 

(Stated in millions)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2020

 

 

2019

 

 

2018

 

North America

$

5,478

 

 

$

10,446

 

 

$

11,730

 

Latin America

 

3,472

 

 

 

4,544

 

 

 

4,013

 

Europe/CIS/Africa

 

5,963

 

 

 

7,682

 

 

 

7,113

 

Middle East & Asia

 

8,567

 

 

 

10,016

 

 

 

9,582

 

Eliminations & other

 

121

 

 

 

229

 

 

 

377

 

 

$

23,601

 

 

$

32,917

 

 

$

32,815

 

 

Summary of North America and International Revenue Disaggregated by Segment

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

 

(Stated in millions)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2020

 

 

North America

 

 

International

 

 

Eliminations & other

 

 

Total

 

Digital & Integration

$

573

 

 

$

2,496

 

 

$

7

 

 

$

3,076

 

Reservoir Performance

 

1,547

 

 

 

4,043

 

 

 

12

 

 

 

5,602

 

Well Construction

 

1,453

 

 

 

6,956

 

 

 

196

 

 

 

8,605

 

Production Systems

 

1,921

 

 

 

4,702

 

 

 

27

 

 

 

6,650

 

Eliminations & other

 

(16

)

 

 

(195

)

 

 

(121

)

 

 

(332

)

 

$

5,478

 

 

$

18,002

 

 

$

121

 

 

$

23,601

 

 

(Stated in millions)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2019

 

 

North America

 

 

International

 

 

Eliminations & other

 

 

Total

 

Digital & Integration

$

865

 

 

$

3,272

 

 

$

8

 

 

$

4,145

 

Reservoir Performance

 

3,779

 

 

 

5,509

 

 

 

11

 

 

 

9,299

 

Well Construction

 

2,814

 

 

 

8,809

 

 

 

257

 

 

 

11,880

 

Production Systems

 

3,053

 

 

 

5,059

 

 

 

55

 

 

 

8,167

 

Eliminations & other

 

(65

)

 

 

(407

)

 

 

(102

)

 

 

(574

)

 

$

10,446

 

 

$

22,242

 

 

$

229

 

 

$

32,917

 

 

(Stated in millions)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2018

 

 

North America

 

 

International

 

 

Eliminations & other

 

 

Total

 

Digital & Integration

$

786

 

 

$

2,894

 

 

$

140

 

 

$

3,820

 

Reservoir Performance

 

4,975

 

 

 

5,066

 

 

 

9

 

 

 

10,050

 

Well Construction

 

2,911

 

 

 

8,083

 

 

 

316

 

 

 

11,310

 

Production Systems

 

3,139

 

 

 

4,966

 

 

 

63

 

 

 

8,168

 

Eliminations & other

 

(81

)

 

 

(301

)

 

 

(151

)

 

 

(533

)

 

$

11,730

 

 

$

20,708

 

 

$

377

 

 

$

32,815

 

 

Fixed Assets Less Accumulated Depreciation by Geographic Area

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

 

(Stated in millions)

 

 

 

 

 

 

 

 

 

 

2020

 

 

2019

 

North America

$

1,588

 

 

$

3,326

 

Latin America

 

841

 

 

 

912

 

Europe/CIS/Africa

 

1,840

 

 

 

2,309

 

Middle East & Asia

 

2,353

 

 

 

2,502

 

Unallocated

 

204

 

 

 

221

 

 

$

6,826

 

 

$

9,270