Segment Disclosures and Related Information (Tables)


Three Months Ended March 31, 2026	Millions of Dollars
	Alaska		L48	Canada	EMENA	AP	Segments Total	Corporate	Consolidated Total
Segment sales and other operating revenues
Sales and other operating revenues#	$	1,523	11,086	1,673	1,627	501	16,410	22	16,432
Intersegment eliminations	—		(6)	(656)	—	—	(662)	(9)	(671)
Consolidated sales and other operating revenues	1,523		11,080	1,017	1,627	501	15,748	13	15,761

Significant segment expenses*
Production and operating expenses	475		1,253	189	257	80	2,254	22	2,276
DD&A	352		2,051	152	239	103	2,897	9	2,906
Income tax provision (benefit)	92		395	27	725	60	1,299	(119)	1,180
Total	919		3,699	368	1,221	243	6,450	(88)	6,362

Other segment items
Equity in earnings of affiliates	—		—	—	(95)	(164)	(259)	12	(247)
Interest income	—		—	—	—	—	—	(109)	(109)
Interest and debt expense	—		—	—	—	—	—	198	198
Other**	310		5,978	564	236	127	7,215	159	7,374
Total	310		5,978	564	141	(37)	6,956	260	7,216

Net income (loss)	$	294	1,403	85	265	295	2,342	(159)	2,183
#Includes revenue from physical contracts meeting the definition of a derivative that are outside the scope of ASC Topic 606 for the L48, Canada and EMENA segments of $1.7 billion, $0.2 billion and $0.2 billion, respectively.
*The significant segment expense categories and amounts in the table above align with segment-level information that is regularly provided to the CODM.
**Other segment items not required to be separately disclosed for each reportable segment include:
Gain (loss) on dispositions: L48 and Corporate
Other income: L48, Canada, EMENA and Corporate
Purchased commodities: Alaska, L48, Canada, EMENA and AP
Selling, general and administrative expenses: L48, Canada, EMENA, AP and Corporate
Exploration expenses, Taxes other than income taxes and Accretion on discounted liabilities: Alaska, L48, Canada, EMENA, AP and Corporate
Impairments: Alaska and L48
Foreign currency transaction (gain) loss: Canada, EMENA, AP and Corporate
Other expenses: EMENA and Corporate


Three Months Ended March 31, 2025	Millions of Dollars
	Alaska		L48	Canada	EMENA	AP	Segment Totals	Corporate	Consolidated Total
Segment sales and other operating revenues
Sales and other operating revenues#	$	1,610	11,548	1,532	1,940	424	17,054	18	17,072
Intersegment eliminations	—		—	(547)	—	—	(547)	(8)	(555)
Consolidated sales and other operating revenues	1,610		11,548	985	1,940	424	16,507	10	16,517

Significant segment expenses*
Production and operating expenses	506		1,491	201	224	65	2,487	19	2,506
DD&A	355		1,904	131	219	119	2,728	18	2,746
Income tax provision (benefit)	139		448	81	922	64	1,654	(37)	1,617
Total	1,000		3,843	413	1,365	248	6,869	—	6,869

Other segment items
Equity in earnings of affiliates	—		(4)	—	(173)	(206)	(383)	(9)	(392)
Interest income	—		—	—	—	(2)	(2)	(74)	(76)
Interest and debt expense	—		—	—	—	—	—	205	205
Other**	283		5,919	316	329	73	6,920	142	7,062
Total	283		5,915	316	156	(135)	6,535	264	6,799

Net income (loss)	$	327	1,790	256	419	311	3,103	(254)	2,849
#Includes revenue from physical contracts meeting the definition of a derivative that are outside the scope of ASC Topic 606 for the L48, Canada and EMENA segments of $1.5 billion, $0.2 billion and $0.3 billion, respectively.
*The significant segment expense categories and amounts in the table above align with segment-level information that is regularly provided to the CODM.
**Other segment items not required to be separately disclosed for each reportable segment include:
Gain (loss) on dispositions: L48 and Corporate
Other income: L48, Canada, EMENA, AP and Corporate
Purchased commodities: Alaska, L48, Canada, EMENA and AP
Selling, general and administrative expenses, Exploration Expenses, Taxes other than income taxes and Accretion on discounted liabilities: Alaska, L48, Canada, EMENA, AP and Corporate
Impairments: EMENA

Foreign currency transaction (gain) loss: Canada, EMENA, AP and Corporate
Other expenses: L48, EMENA and Corporate


Three Months Ended March 31, 2026	Millions of Dollars

	Alaska		L48	Canada	EMENA	AP	Segment Totals	Corporate	Consolidated Total
Equity investments	$	3	1	—	2,354	4,950	7,308	1,648	8,956
Total assets	20,808		62,678	9,892	10,839	8,328	112,545	10,180	122,725
Capital expenditures and investments	949		1,505	121	262	82	2,919	29	2,948

Other Segment Disclosures


Three Months Ended March 31, 2025	Millions of Dollars

	Alaska		L48	Canada	EMENA	AP	Segment Totals	Corporate	Consolidated Total
Equity investments	$	4	125	—	2,056	4,988	7,173	1,589	8,762
Total assets	18,587		66,294	9,604	10,191	8,331	113,007	11,247	124,254
Capital expenditures and investments	1,046		1,814	165	274	54	3,353	25	3,378


	Millions of Dollars
	Three Months Ended March 31
	2026		2025

Consolidated sales and other operating revenues
Crude oil	$	10,258	10,833
Natural gas	2,504		2,832
Natural gas liquids	922		1,055
Other*	2,077		1,797
Total	$	15,761	16,517

*Includes bitumen, power and LNG.


	Millions of Dollars
	Three Months Ended March 31
	2026		2025
Revenue from physical contracts meeting the definition of a derivative outside the scope of ASC Topic 606
Crude oil	$	110	109
Natural gas	1,701		1,646
Power	328		215
Total	$	2,139	1,970


Sales and other operating revenues by geographic location	Millions of Dollars
	Three Months Ended March 31
	2026		2025

U.S.	$	12,516	13,112









International	3,245		3,405
Worldwide consolidated	$	15,761	16,517

*Sales and other operating revenues are attributable to countries based on the location of the selling operation.