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Segment Information (Tables)
 3 Months Ended
Mar. 31, 2023
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information, by Segment

 

 

 

(Stated in millions)

 

 

 

 

 

 

 

 

 

 

 

 

 

First Quarter 2023

 

First Quarter 2022

 

 

 

Income

 

 

 

Income

 

 

Revenue

 

 

Before Taxes

 

 

Revenue

 

 

Before Taxes

 

Digital & Integration

$

894

 

 

$

265

 

$

857

 

 

$

292

 

Reservoir Performance

 

1,503

 

 

 

242

 

 

1,210

 

 

 

160

 

Well Construction

 

3,261

 

 

 

672

 

 

2,398

 

 

 

388

 

Production Systems

 

2,207

 

 

 

205

 

 

 

1,604

 

 

 

114

 

Eliminations & other

 

(129

)

 

 

7

 

 

(107

)

 

 

(60

)

Pretax segment operating income

 

 

 

 

1,391

 

 

 

 

 

894

 

Corporate & other (1)

 

 

 

 

(169

)

 

 

 

 

(164

)

Interest income (2)

 

 

 

 

17

 

 

 

 

 

2

 

Interest expense (3)

 

 

 

 

(114

)

 

 

 

 

 

(120

)

Charges and credits (4)

 

 

 

 

36

 

 

 

 

 

26

 

$

7,736

 

$

1,161

 

$

5,962

 

$

638

 

 

(1)
Comprised principally of certain corporate expenses not allocated to the segments, stock-based compensation costs, amortization expense associated with certain intangible assets, certain centrally managed initiatives and other nonoperating items.
(2)
Interest income excludes amounts that are included in the segments’ income ($- million in 2023; $12 million in 2022).
(3)
Interest expense excludes amounts that are included in the segments’ income ($3 million in 2023; $3 million in 2022).
(4)
See Note 2 – Charges and Credits.
Revenue by Geographic Area

Revenue by geographic area was as follows:

 

(Stated in millions)

 

 

 

 

 

 

 

First Quarter

 

 

2023

 

 

2022

 

North America

$

1,698

 

$

1,282

 

Latin America

 

1,618

 

 

1,204

 

Europe & Africa (1)

 

1,974

 

 

1,404

 

Middle East & Asia

 

2,393

 

 

 

2,024

 

Other

 

53

 

 

 

48

 

$

7,736

 

$

5,962

 

 

(1)
Includes Russia and the Caspian region.
Summary of North America and International Revenue Disaggregated by Segment

North America and International revenue disaggregated by segment was as follows:

 

 

 

 

 

 

 

(Stated in millions)

 

 

 

 

 

 

 

 

 

 

 

 

 

First Quarter 2023

 

 

North

 

 

 

 

 

 

 

 

 

 

 

America

 

 

International

 

 

Other

 

 

Total

 

Digital & Integration

$

251

 

 

$

642

 

$

1

 

$

894

 

Reservoir Performance

 

120

 

 

 

1,380

 

 

 

3

 

 

1,503

 

Well Construction

 

711

 

 

 

2,493

 

 

 

57

 

 

3,261

 

Production Systems

 

626

 

 

 

1,574

 

 

7

 

 

 

2,207

 

Eliminations & other

 

(10

)

 

 

(104

)

 

(15

)

 

(129

)

 

$

1,698

 

 

$

5,985

 

$

53

 

$

7,736

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

First Quarter 2022

 

 

North

 

 

 

 

 

 

 

 

 

 

 

America

 

 

International

 

 

Other

 

 

Total

 

Digital & Integration

$

225

 

 

$

631

 

$

1

 

$

857

 

Reservoir Performance

 

103

 

 

 

1,105

 

 

 

2

 

 

 

1,210

 

Well Construction

 

485

 

 

 

1,865

 

 

 

48

 

 

 

2,398

 

Production Systems

 

473

 

 

 

1,127

 

 

4

 

 

1,604

 

Eliminations & other

 

(4

)

 

 

(96

)

 

(7

)

 

(107

)

$

1,282

 

$

4,632

 

$

48

 

$

5,962