v3.3.1.900
Disclosures About Segments And Related Information
 12 Months Ended
Dec. 31, 2015
Disclosures About Segments And Related Information [Abstract]  
Disclosures About Segments And Related Information

18. Disclosures about Segments and Related Information

The Upstream, Downstream and Chemical functions best define the operating segments of the business that are reported separately. The factors used to identify these reportable segments are based on the nature of the operations that are undertaken by each segment. The Upstream segment is organized and operates to explore for and produce crude oil and natural gas. The Downstream segment is organized and operates to manufacture and sell petroleum products. The Chemical segment is organized and operates to manufacture and sell petrochemicals. These segments are broadly understood across the petroleum and petrochemical industries.

These functions have been defined as the operating segments of the Corporation because they are the segments (1) that engage in business activities from which revenues are earned and expenses are incurred; (2) whose operating results are regularly reviewed by the Corporation’s chief operating decision maker to make decisions about resources to be allocated to the segment and to assess its performance; and (3) for which discrete financial information is available.

Earnings after income tax include transfers at estimated market prices.

In corporate and financing activities, interest revenue relates to interest earned on cash deposits and marketable securities. Interest expense includes non-debt-related interest expense of $100 million and $129 million in 2015 and 2014, respectively. For 2013, non-debt-related interest expense was a net credit of $123 million, primarily reflecting the effect of credits from the favorable resolution of prior year tax positions.

Corporate
UpstreamDownstreamChemicalandCorporate
U.S.Non-U.S.U.S.Non-U.S.U.S.Non-U.S.FinancingTotal
(millions of dollars)
As of December 31, 2015
Earnings after income tax(1,079)8,180 1,901 4,656 2,386 2,032 (1,926)16,150
Earnings of equity companies included above226 5,831 170 444 144 1,235 (406)7,644
Sales and other operating revenue (1)8,241 15,812 73,063 134,230 10,880 17,254 8 259,488
Intersegment revenue4,344 20,839 12,440 22,166 7,442 5,168 274 -
Depreciation and depletion expense5,301 9,227 664 1,003 375 654 824 18,048
Interest revenue - - - - - - 46 46
Interest expense26 27 8 4 - 1 245 311
Income taxes(879)4,703 866 1,325 646 633 (1,879)5,415
Additions to property, plant and equipment6,915 14,561 916 1,477 1,865 629 1,112 27,475
Investments in equity companies5,160 10,980 95 1,179 125 3,025 (227)20,337
Total assets93,648 155,316 16,498 29,808 10,174 18,236 13,078 336,758
As of December 31, 2014
Earnings after income tax5,197 22,351 1,618 1,427 2,804 1,511 (2,388)32,520
Earnings of equity companies included above1,235 10,859 29 82 186 1,377 (445)13,323
Sales and other operating revenue (1)14,826 22,336 118,771 199,976 15,115 23,063 18 394,105
Intersegment revenue7,723 38,846 17,281 44,231 10,117 8,098 274 -
Depreciation and depletion expense5,139 8,523 654 1,228 370 645 738 17,297
Interest revenue - - - - - - 75 75
Interest expense40 17 6 4 - - 219 286
Income taxes1,300 15,165 610 968 1,032 358 (1,418)18,015
Additions to property, plant and equipment9,098 19,225 1,050 1,356 1,564 564 1,399 34,256
Investments in equity companies5,089 10,877 69 1,006 258 3,026 (308)20,017
Total assets92,555 161,033 18,371 33,299 8,798 18,449 16,988 349,493
As of December 31, 2013
Earnings after income tax4,191 22,650 2,199 1,250 2,755 1,073 (1,538)32,580
Earnings of equity companies included above1,576 11,627 (460)22 189 1,422 (449)13,927
Sales and other operating revenue (1)13,712 25,349 123,802 218,904 15,295 23,753 21 420,836
Intersegment revenue8,343 45,761 20,781 52,624 11,993 8,232 285 -
Depreciation and depletion expense5,170 8,277 633 1,390 378 632 702 17,182
Interest revenue - - - - - - 87 87
Interest expense30 26 7 8 1 - (63)9
Income taxes2,197 21,554 721 481 989 363 (2,042)24,263
Additions to property, plant and equipment7,480 26,075 616 1,072 840 272 1,386 37,741
Investments in equity companies4,975 9,740 62 1,749 217 3,103 (227)19,619
Total assets88,698 157,465 19,261 40,661 7,816 19,659 13,248 346,808

(1) Sales and other operating revenue includes sales-based taxes of $22,678 million for 2015, $29,342 million for 2014 and $30,589 million for 2013. See Note 1, Summary of Accounting Policies.

Geographic
Sales and other operating revenue (1)2015 2014 2013
(millions of dollars)
United States92,184 148,713 152,820
Non-U.S.167,304 245,392 268,016
Total259,488 394,105 420,836
Significant non-U.S. revenue sources include:
United Kingdom23,651 31,346 34,061
Canada22,876 36,072 35,924
Italy13,795 18,880 19,273
Belgium13,154 20,953 20,973
France11,808 17,639 18,444
Singapore10,790 15,407 15,623
Germany10,045 14,816 15,701

(1) Sales and other operating revenue includes sales-based taxes of $22,678 million for 2015, $29,342 million for 2014 and $30,589 million for 2013. See Note 1, Summary of Accounting Policies.

Long-lived assets2015 2014 2013
(millions of dollars)
United States107,039 104,000 98,271
Non-U.S.144,566 148,668 145,379
Total251,605 252,668 243,650
Significant non-U.S. long-lived assets include:
Canada39,775 43,858 41,522
Australia15,894 15,328 14,258
Nigeria12,222 12,265 12,343
Kazakhstan9,705 9,138 8,530
Singapore9,681 9,620 9,570
Angola8,777 9,057 8,262
Papua New Guinea5,985 6,099 5,768