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Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Revenue:      
Revenue $ 22,944 $ 23,018 $ 20,297
Operating costs and expenses:      
Impairments and other charges [1] 116 0 366
SAP S4 Upgrade Expense 124 51 0
General and administrative 239 226 240
Total operating costs and expenses 19,122 18,935 17,590
Total operating income 3,822 4,083 2,707
Interest expense, net of interest income (353) (395) (463)
Gain (Loss) on Blue Chip Swap Transaction (8) (110) 0
Argentina Currency Devaluation 0 (131) (30)
Gain (Loss) on Extinguishment of Debt 0 0 (42)
Other, net (227) (84) (62)
Income (loss) before income taxes 3,234 3,363 2,110
Income tax benefit (provision) (718) (701) (515)
Net income (loss) 2,516 2,662 1,595
Net (income) loss attributable to noncontrolling interest (15) (24) (23)
Net income (loss) attributable to company $ 2,501 $ 2,638 $ 1,572
Income (Loss) from Continuing Operations, Per Basic Share $ 2,840,000 $ 2,930,000 $ 1.74
Amounts attributable to company shareholders:      
Net income (loss) attributable to company $ 2,501 $ 2,638 $ 1,572
Basic and diluted income (loss) per share attributable to company shareholders:      
Diluted weighted average common shares outstanding 883 902 908
Basic weighted average common shares outstanding 882 899 904
Income (loss) from continuing operations (in dollars per share) $ 2,830,000 $ 2,920,000 $ 1.73
Services [Member]      
Revenue:      
Revenue $ 16,348 $ 16,483 $ 14,749
Operating costs and expenses:      
Cost of services and sales 13,470 13,402 12,381
Product sales [Member]      
Revenue:      
Revenue 6,596 6,535 5,548
Operating costs and expenses:      
Cost of services and sales $ 5,173 $ 5,256 $ 4,603
[1]
Impairments and other charges are as follows:
-For the year ended December 31, 2024, amount includes approximately $45 million attributable to Completion and Production, $34 million attributable to Drilling and Evaluation, and $37 million attributable to Corporate and other.
-For the year ended December 31, 2022, amount includes approximately $136 million attributable to Completion and Production, $195 million attributable to Drilling and Evaluation, and a $35 million net gain attributable to Corporate and other.