Segment Disclosures and Related Information

3 Months Ended

Mar. 31, 2017

Segment Disclosures and Related Information [Abstract]

Segment Disclosures and Related Information

Note 18—Segment Disclosures and Related Information

We explore for, produce, transport and market crude oil, bitumen, natural gas, LNG and natural gas liquids on a worldwide basis. We manage our operations through six operating segments, which are primarily defined by geographic region: Alaska, Lower 48, Canada, Europe and North Africa, Asia Pacific and Middle East, and Other International.

Corporate and Other represents costs not directly associated with an operating segment, such as most interest expense, corporate overhead and certain technology activities, including licensing revenues. Corporate assets include all cash and cash equivalents and short-term investments.

We evaluate performance and allocate resources based on net income (loss) attributable to ConocoPhillips. Intersegment sales are at prices that approximate market.

Analysis of Results by Operating Segment
	Millions of Dollars
	Three Months Ended
	March 31
		2017	2016
Sales and Other Operating Revenues
Alaska	$	1,007	778
Lower 48		3,230	2,145
Intersegment eliminations		(3)	(7)
Lower 48		3,227	2,138
Canada		870	425
Intersegment eliminations		(86)	(35)
Canada		784	390
Europe and North Africa		1,443	923
Asia Pacific and Middle East		1,022	837
Corporate and Other		35	55
Consolidated sales and other operating revenues	$	7,518	5,121

Net Income (Loss) Attributable to ConocoPhillips
Alaska	$	(11)	(2)
Lower 48		(362)	(820)
Canada		948	(294)
Europe and North Africa		171	(51)
Asia Pacific and Middle East		236	(5)
Other International		(48)	(24)
Corporate and Other		(348)	(273)
Consolidated net income (loss) attributable to ConocoPhillips	$	586	(1,469)

	Millions of Dollars
	March 31		December 31
	2017		2016
Total Assets
Alaska	$	12,095	12,314
Lower 48		21,746	22,673
Canada		17,707	17,548
Europe and North Africa		11,562	11,727
Asia Pacific and Middle East		20,058	20,451
Other International		99	97
Corporate and Other		4,706	4,962
Consolidated total assets	$	87,973	89,772

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
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-Section 50
-Paragraph 34
-URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8981-108599

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+ Details