Business Segment and Geographic Information

We operate under two divisions, which form the basis for the two operating segments we report: the Completion and Production segment and the Drilling and Evaluation segment.

Completion and Production delivers cementing, stimulation, intervention, pressure control, specialty chemicals, artificial lift, and completion services. The segment consists of Production Enhancement, Cementing, Completion Tools, Production Solutions, Pipeline & Process Services, Multi-Chem, and Artificial Lift.

Production Enhancement services include stimulation services and sand control services. Stimulation services optimize oil and natural gas reservoir production through a variety of pressure pumping services, nitrogen services, and chemical processes, commonly known as hydraulic fracturing and acidizing. Sand control services include fluid and chemical systems and pumping services for the prevention of formation sand production.

Cementing services involve bonding the well and well casing while isolating fluid zones and maximizing wellbore stability. Our cementing service line also provides casing equipment.

Completion Tools provides downhole solutions and services to our customers to complete their wells, including well completion products and services, intelligent well completions, liner hanger systems, sand control systems, and service tools.

Production Solutions includes pressure control services such as coiled tubing, hydraulic workover units, and downhole tools.

Pipeline & Process Services include pre-commissioning and maintenance services, subsea pipeline services, conventional pipeline services, and process services.

Multi-Chem includes oilfield production and completion chemicals and services that address production, processing, and transportation challenges.

Artificial Lift offers electrical submersible pumps and progressive cavity pumps, including the associated surface package for power, control, and monitoring of the entire lift system, and provides installation, maintenance, repair, and testing services. The objective of these services is to maximize reservoir and wellbore recovery by applying lifting technology and intelligent field management solutions throughout the life of the well.

Drilling and Evaluation provides field and reservoir modeling, drilling, evaluation, and precise wellbore placement solutions that enable customers to model, measure, drill, and optimize their well construction activities. The segment consists of Baroid, Sperry Drilling, Wireline and Perforating, Drill Bits and Services, Landmark Software and Services, Testing and Subsea, and Consulting and Project Management.

Baroid provides drilling fluid systems, performance additives, completion fluids, solids control, specialized testing equipment, and waste management services for oil and natural gas drilling, completion, and workover operations.

Sperry Drilling provides drilling systems and services. These services include directional and horizontal drilling, measurement-while-drilling, logging-while-drilling, surface data logging, multilateral systems, underbalanced applications, and rig site information systems. Our drilling systems offer directional control for precise wellbore placement while providing important measurements about the characteristics of the drill string and geological formations while drilling wells. Real-time operating capabilities enable the monitoring of well progress and aid decision-making processes.

Wireline and Perforating services include open-hole logging services that provide information on formation evaluation and reservoir fluid analysis, including formation lithology, rock properties, and reservoir fluid properties. Also offered are cased-hole and slickline services, which provide perforating, pipe recovery services, through-casing formation evaluation and reservoir monitoring, casing and cement integrity measurements, and well intervention services. Borehole seismic services include downhole seismic operations check-shots and vertical seismic profiles, and provide the link between surface seismic and the wellbore. Finally, formation and reservoir solutions transform formation evaluation data into reservoir insight through geoscience solutions.

Drill Bits and Services provides roller cone rock bits, fixed cutter bits, hole enlargement, and related downhole tools and services used in drilling oil and natural gas wells. In addition, coring equipment and services are provided to acquire cores of the formation drilled for evaluation.

Landmark Software and Services is a supplier of integrated exploration, drilling and production software, and related professional and data management services for the upstream oil and natural gas industry.

Testing and Subsea services provide acquisition and analysis of dynamic reservoir information and reservoir optimization solutions to the oil and natural gas industry through a broad portfolio of test tools, data acquisition services, fluid sampling, surface well testing, and subsea safety systems.

Consulting and Project Management provides oilfield project management and integrated solutions to independent, integrated, and national oil companies. These offerings make use of all of our oilfield services, products, technologies, and project management capabilities to assist our customers in optimizing the value of their oil and natural gas assets. In addition, well control and prevention services are included.

Corporate and other includes expenses related to support functions and corporate executives and is primarily composed of cash and equivalents, deferred tax assets, and investment securities. Also included are certain gains, losses and costs not attributable to a particular business segment.

Intersegment revenue and revenue between geographic areas are immaterial. Our equity in earnings and losses of unconsolidated affiliates that are accounted for under the equity method of accounting is included in revenue and operating income of the applicable segment.

The following tables present information on our business segments.



Operations by business segment
	Year Ended December 31
Millions of dollars	2015			2014			2013
Revenue:
Completion and Production	$	13,682		$	20,253		$	17,506
Drilling and Evaluation	9,951			12,617			11,896
Total revenue	$	23,633		$	32,870		$	29,402

Operating income (loss):
Completion and Production	$	1,069		$	3,670		$	2,875
Drilling and Evaluation	1,519			1,740			1,770
Total operations	2,588			5,410			4,645
Corporate and other	(576		)	(184		)	(1,507		)
Impairments and other charges (a)	(2,177		)	(129		)	—
Total operating income (loss)	$	(165	)	$	5,097		$	3,138
Interest expense, net of interest income	$	(447	)	$	(383	)	$	(331	)
Other, net	(324		)	(2		)	(43		)
Income (loss) from continuing operations before income taxes	$	(936	)	$	4,712		$	2,764
Capital expenditures:
Completion and Production	$	1,526		$	1,953		$	1,676
Drilling and Evaluation	650			1,297			1,210
Corporate and other	8			33			48
Total	$	2,184		$	3,283		$	2,934
Depreciation, depletion, and amortization:
Completion and Production	$	1,160		$	1,162		$	1,013
Drilling and Evaluation	638			934			873
Corporate and other	37			30			14
Total	$	1,835		$	2,126		$	1,900

(a) Includes $1.1 billion attributable to Completion and Production, $1.0 billion attributable to Drilling and Evaluation, and $88 million attributable to Corporate and other for the year ended December 31, 2015. Includes $60 million attributable to Completion and Production and $69 million attributable to Drilling and Evaluation for the year ended December 31, 2014.



	December 31
Millions of dollars	2015		2014
Total assets:
Completion and Production	$	13,628	$	16,033
Drilling and Evaluation	10,531		11,237
Shared assets	1,785		1,930
Corporate and other	10,998		2,965
Total	$	36,942	$	32,165

Not all assets are associated with specific segments. Those assets specific to segments include receivables, inventories, certain identified property, plant, and equipment (including field service equipment), equity in and advances to related companies, and goodwill. The remaining assets, such as cash and equivalents, are considered to be shared among the segments.

The following tables present information by geographic area. In 2015, 2014, and 2013, based on the location of services provided and products sold, 44%, 51%, and 49% of our consolidated revenue was from the United States. As of December 31, 2015 and December 31, 2014, 51% and 46% of our property, plant, and equipment was from the United States. No other country accounted for more than 10% of our revenue or property, plant, and equipment during the periods presented.



Operations by geographic region
	Year Ended December 31
Millions of dollars	2015		2014		2013
Revenue:
North America	$	10,856	$	17,698	$	15,212
Latin America	3,149		3,875		3,909
Europe/Africa/CIS	4,175		5,490		5,225
Middle East/Asia	5,453		5,807		5,056
Total	$	23,633	$	32,870	$	29,402



	December 31
Millions of dollars	2015		2014
Net property, plant, and equipment:
North America	$	5,745	$	6,057
Latin America	1,450		1,406
Europe/Africa/CIS	1,594		1,832
Middle East/Asia	2,122		3,180
Total	$	10,911	$	12,475