Business Segments (Tables)

12 Months Ended

Dec. 31, 2022

Customers that accounted for 10% or more of the Company’s sales revenue for each of the below three years ended December 31, are shown below.


	2022		2021		2020
Chevron Corporation	19	%	30	%	24	%
ExxonMobil Corporation	12	%	N/A		N/A
Phillips 66	N/A		N/A		18	%

Segment Information


	Exploration and Production
(Millions of dollars)	United States 1		Canada		Other		Total E&P		Corporate and Other		Discontinued Operations		Consolidated Total
Year ended December 31, 2022
Segment income (loss) - including NCI 1	$	1,521.9	$	134.2	$	(77.0)	$	1,579.1	$	(438.3)	$	(2.1)	$	1,138.7
Revenues from external customers	3,461.2		762.9		23.0		4,247.1		(314.4)		—		3,932.7
Interest and other income (loss)	(6.6)		(1.9)		(0.5)		(9.0)		23.3		—		14.3
Interest expense, net of capitalization	(0.1)		—		(0.3)		(0.4)		(150.4)		—		(150.8)
Income tax expense (benefit)	370.8		43.6		2.9		417.3		(107.8)		—		309.5
Significant noncash charges (credits)

Depreciation, depletion and amortization	617.0		141.5		5.4		763.9		12.9		—		776.8
Accretion of asset retirement obligations	36.5		9.6		0.1		46.2		—		—		46.2
Amortization of undeveloped leases	8.7		0.2		4.4		13.3		—		—		13.3
Deferred and noncurrent income taxes	362.7		34.8		0.6		398.1		(112.0)		—		286.1
Additions to property, plant, equipment	838.6		208.5		(5.7)		1,041.4		21.9		—		1,063.3
Total assets at year-end	6,930.6		2,125.6		217.4		9,273.6		1,034.6		0.8		10,309.0
Year ended December 31, 2021
Segment income (loss) - including NCI 1	$	766.3	(16.1)		(33.5)		716.7		$	(668.0)	(1.2)		47.5
Revenues from external customers	2,337.5		476.3		4.9		2,818.7		(519.4)		—		2,299.3
Interest and other income (loss)	(11.6)		(1.9)		3.2		(10.3)		(6.5)		—		(16.8)
Interest expense, net of capitalization	—		—		(0.2)		(0.2)		(221.6)		—		(221.8)
Income tax expense (benefit)	183.9		(1.7)		(9.5)		172.7		(178.6)		—		(5.9)
Significant noncash charges (credits)
Impairment of assets	—		171.3		18.0		189.3		7.0		—		196.3
Depreciation, depletion and amortization	616.5		163.8		1.8		782.1		13.0		—		795.1
Accretion of asset retirement obligations	36.9		9.7		—		46.6		—		—		46.6
Amortization of undeveloped leases	11.1		0.2		7.6		18.9		—		—		18.9
Deferred and noncurrent income taxes	176.3		(1.9)		(8.0)		166.4		(170.5)		—		(4.1)
Additions to property, plant, equipment	519.5		52.7		13.1		585.3		—		—		585.3
Total assets at year-end	6,591.6		2,231.9		259.8		9,083.3		1,220.8		0.8		10,304.9


	Exploration and Production
(Millions of dollars)	United States 1		Canada		Other		Total E&P		Corporate and Other		Discontinued Operations		Consolidated Total
Year ended December 31, 2020
Segment income (loss) - including NCI 1	$	(1,014.3)	$	(35.0)	$	(85.6)	$	(1,134.9)	$	(120.3)	$	(7.2)	$	(1,262.4)
Revenues from external customers	1,411.8		345.8		1.8		1,759.4		207.9		—		1,967.3
Interest and other income (loss)	(9.9)		0.8		0.8		(8.2)		(9.1)		—		(17.3)
Interest expense, net of capitalization	—		(0.5)		(0.4)		(0.9)		(168.5)		—		(169.4)
Income tax expense (benefit)	(244.2)		(21.4)		2.1		(263.5)		(30.2)		—		(293.7)
Significant noncash charges (credits)
Impairment of assets	1,152.5		—		39.7		1,192.2		14.1		—		1,206.3
Depreciation, depletion and amortization	749.4		213.2		2.3		964.9		22.3		—		987.2
Accretion of asset retirement obligations	36.6		5.5		—		42.1		—		—		42.1
Amortization of undeveloped leases	17.2		0.4		9.1		26.7		—		—		26.7
Deferred and noncurrent income taxes	(244.2)		(10.6)		1.9		(252.9)		(25.1)		—		(278.0)
Additions to property, plant, equipment	623.1		118.3		15.2		756.6		—		—		756.6
Total assets at year-end	6,915.5		2,404.1		267.7		9,587.3		1,032.9		0.7		10,620.9

1 Includes results attributable to a noncontrolling interest in MP GOM.


Geographic Information	Certain long-lived assets at December 31 1
(Millions of dollars)	United States		Canada		Other		Total
2022	$	6,562.8	$	1,499.1	$	166.1	$	8,228.0
2021	6,371.4		1,566.9		189.6		8,127.9
2020	6,395.7		1,702.5		170.8		8,269.0

1 Certain long-lived assets at December 31 exclude investments, right-of-use operating lease assets, non-current receivables, deferred tax assets and other intangible assets.