v3.20.1
Segment Disclosures and Related Information
3 Months Ended
Mar. 31, 2020
Segment Disclosures and Related Information [Abstract]  
Segment Disclosures and Related Information
Note 20—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, 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
2020
2019
Sales and Other Operating Revenues
Alaska
$
1,113
1,407
Lower 48
3,103
4,153
Intersegment eliminations
(10)
(12)
Lower 48
3,093
4,141
Canada
513
823
Intersegment eliminations
(180)
(250)
Canada
333
573
Europe and North Africa
600
1,546
Asia Pacific and Middle East
1,003
1,343
Other International
3
-
Corporate and Other
13
140
Consolidated sales and other operating revenues
$
6,158
9,150
Sales and Other Operating Revenues by
 
Geographic Location
(1)
United States
$
4,217
5,686
Australia
437
559
Canada
333
573
China
146
243
Indonesia
204
205
Libya
44
254
Malaysia
216
336
Norway
446
588
United Kingdom
110
704
Other foreign countries
5
2
Worldwide consolidated
$
6,158
9,150
Sales and Other Operating Revenues by
 
Product
Crude oil
$
3,444
4,581
Natural gas
1,655
3,003
Natural gas liquids
151
238
Other
(2)
908
1,328
Consolidated sales and other operating revenues
 
by product
$
6,158
9,150
(1) Sales and other operating revenues are attributable to countries based on the location of
 
the selling operation.
(2) Includes LNG and bitumen.
Millions of Dollars
Millions of Dollars