v3.19.3.a.u2
Segment Disclosures and Related Information
 12 Months Ended
Dec. 31, 2019
Segment Disclosures and Related Information [Abstract]  
Segment Disclosures and Related Information
Note 25—Segment Disclosures and Related Information
 
We explore for, produce, transport and market crude oil, bitumen, natural gas, LNG and NGLs 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, premiums on early retirement of debt,
 
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.
 
Segment accounting policies are the same as those
 
in Note 1—Accounting Policies.
 
Intersegment sales are at
prices that approximate market.
Analysis of Results by Operating Segment
Millions of Dollars
2019
2018
2017
Sales and Other Operating Revenues
Alaska
$
5,483
5,740
4,224
Lower 48
15,514
17,029
12,968
Intersegment eliminations
(46)
(40)
(4)
Lower 48
15,468
16,989
12,964
Canada
2,910
3,184
3,178
Intersegment eliminations
(1,141)
(1,160)
(559)
Canada
1,769
2,024
2,619
Europe and North Africa
5,101
6,635
5,181
Asia Pacific and Middle East
4,525
4,861
4,014
Other International
-
-
-
Corporate and Other
221
168
104
Consolidated sales and other operating revenues
$
32,567
36,417
29,106
Depreciation, Depletion, Amortization and Impairments
Alaska
$
805
760
1,026
Lower 48
3,224
2,370
6,693
Canada
232
324
461
Europe and North Africa
887
1,041
1,313
Asia Pacific and Middle East
1,285
1,382
3,819
Other International
-
-
-
Corporate and Other
62
106
134
Consolidated depreciation, depletion, amortization
 
and impairments
$
6,495
5,983
13,446
The market for our products is large and diverse, therefore,
 
our sales and other operating revenues are not
dependent upon any single customer.
Millions of Dollars
Income Taxes
Alaska
$
472
376
(689)
Lower 48
137
474
(2,453)
Canada
(43)
(96)
(616)
Europe and North Africa
1,435
2,265
1,165
Asia Pacific and Middle East
491
722
351
Other International
8
30
21
Corporate and Other
(233)
(103)
399
Consolidated income taxes
$
2,267
3,668
(1,822)
Net Income (Loss) Attributable to ConocoPhillips
Alaska
$
1,520
1,814
1,466
Lower 48
436
1,747
(2,371)
Canada
279
63
2,564
Europe and North Africa
2,724
1,866
553
Asia Pacific and Middle East
1,929
2,070
(1,098)
Other International
263
364
167
Corporate and Other
38
(1,667)
(2,136)
Consolidated net income (loss) attributable
 
to ConocoPhillips
$
7,189
6,257
(855)
Investments in and Advances to Affiliates
Alaska
$
83
86
56
Lower 48
35
378
402
Canada
-
-
-
Europe and North Africa
54
55
55
Asia Pacific and Middle East
8,281
8,821
9,077
Other International
-
-
-
Corporate and Other
-
-
-
Consolidated investments in and advances to affiliates
$
8,453
9,340
9,590
Millions of Dollars
Capital Expenditures and Investments
Alaska
$
1,513
1,298
815
Lower 48
3,394
3,184
2,136
Canada
368
477
202
Europe and North Africa
708
877
872
Asia Pacific and Middle East
584
718
482
Other International
8
6
21
Corporate and Other
61
190
63
Consolidated capital expenditures and investments
$
6,636
6,750
4,591
Interest Income and Expense
Interest income
Alaska
$
-
-
-
Lower 48
-
-
-
Canada
-
-
-
Europe and North Africa
2
2
2
Asia Pacific and Middle East
15
15
9
Other International
-
-
-
Corporate and Other
149
80
101
Interest and debt expense
Corporate and Other
$
778
735
1,098
Sales and Other Operating Revenues by
 
Product
Crude oil
$
18,482
19,571
13,260
Natural gas
8,715
10,720
10,773
Natural gas liquids
814
1,114
1,102
Other*
4,556
5,012
3,971
Consolidated sales and other operating revenues
 
by product
$
32,567
36,417
29,106
*Includes LNG and bitumen.
Geographic Information
Millions of Dollars
Sales and Other Operating Revenues
(1)
Long-Lived Assets
(2)
2019
2018
2017
2019
2018
2017
United States
(3)
$
21,159
22,740
17,204
26,566
26,838
23,623
Australia and Timor-Leste
(4)
1,647
1,798
1,448
7,228
9,301
9,657
Canada
1,769
2,024
2,619
5,769
5,333
5,613
China
772
836
712
1,447
1,380
1,275
Indonesia
875
886
757
605
669
758
Libya
1,103
1,142
586
668
679
699
Malaysia
1,230
1,346
1,103
1,871
2,327
2,736
Norway
2,349
2,886
2,348
5,258
5,582
6,154
United Kingdom
1,649
2,606
2,248
2
1,583
3,335
Other foreign countries
14
153
81
1,308
1,346
1,423
Worldwide consolidated
$
32,567
36,417
29,106
50,722
55,038
55,273
(1) Sales and other operating revenues are attributable
 
to countries based on the location of the selling operation.
(2) Defined as net PP&E plus equity investments
 
and advances to affiliated companies.
(3) Long-lived assets do not include $
426
 
million of net PP&E associated with assets held
 
for sale as of December 31,
2019.
 
See Note 5—Acquisitions and Dispositions, for additional
 
information.
(4) Long-lived assets do not include $
1,236
 
million of net PP&E associated with assets
 
held for sale as of December
31, 2019.
 
See Note 5—Acquisitions and Dispositions, for additional
 
information.