Segment Information (Tables)

9 Months Ended

Sep. 30, 2023

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment

				(Stated in millions)
	Third Quarter 2023						Third Quarter 2022
				Income						Income
	Revenue			Before Taxes			Revenue			Before Taxes
Digital & Integration	$	982		$	314		$	900		$	305
Reservoir Performance		1,680			344			1,456			244
Well Construction		3,430			759			3,084			664
Production Systems		2,367			319			2,150			224
Eliminations & other		(149	)		(53	)		(113	)		(37	)
Pretax segment operating income					1,683						1,400
Corporate & other (1)					(182	)					(155	)
Interest income (2)					20						8
Interest expense (3)					(126	)					(119	)
	$	8,310		$	1,395		$	7,477		$	1,134

(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 ($2 million in 2023; $25 million in 2022).

(3)Interest expense excludes amounts that are included in the segments’ income ($3 million in 2023; $3 million in 2022).

				(Stated in millions)
	Nine Months 2023						Nine Months 2022
				Income						Income
	Revenue			Before Taxes			Revenue			Before Taxes
Digital & Integration	$	2,822		$	901		$	2,713		$	976
Reservoir Performance		4,826			892			3,999			598
Well Construction		10,052			2,162			8,168			1,522
Production Systems		6,888			802			5,647			509
Eliminations & other		(443	)		(102	)		(314	)		(151	)
Pretax segment operating income					4,655						3,454
Corporate & other (1)					(536	)					(468	)
Interest income (2)					57						13
Interest expense (3)					(363	)					(360	)
Charges and credits (4)					36						285
	$	24,145		$	3,849		$	20,213		$	2,924

(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 ($2 million in 2023; $53 million in 2022).

(3)Interest expense excludes amounts that are included in the segments’ income ($10 million in 2023; $9 million in 2022).

(4)See Note 2 – Charges and Credits.

Revenue by Geographic Area

Revenue by geographic area was as follows:

					(Stated in millions)
	Third Quarter				Nine Months
	2023		2022		2023		2022
North America	$	1,643	$	1,543	$	5,086	$	4,362
Latin America		1,681		1,508		4,923		4,042
Europe & Africa (1)		2,091		2,039		6,095		5,134
Middle East & Asia		2,842		2,334		7,877		6,525
Other		53		53		164		150
	$	8,310	$	7,477	$	24,145	$	20,213

(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)
	Third Quarter 2023
	North
	America			International			Other			Total
Digital & Integration	$	242		$	737		$	3		$	982
Reservoir Performance		125			1,554			1			1,680
Well Construction		663			2,707			60			3,430
Production Systems		626			1,740			1			2,367
Eliminations & other		(13	)		(124	)		(12	)		(149	)
	$	1,643		$	6,614		$	53		$	8,310
	Third Quarter 2022
	North
	America			International			Other			Total
Digital & Integration	$	229		$	671		$	-		$	900
Reservoir Performance		119			1,335			2			1,456
Well Construction		621			2,406			57			3,084
Production Systems		578			1,569			3			2,150
Eliminations & other		(4	)		(100	)		(9	)		(113	)
	$	1,543		$	5,881		$	53		$	7,477

	Nine Months 2023
	North
	America			International			Other			Total
Digital & Integration	$	727		$	2,091		$	4		$	2,822
Reservoir Performance		375			4,446			5			4,826
Well Construction		2,095			7,782			175			10,052
Production Systems		1,931			4,943			14			6,888
Eliminations & other		(42	)		(367	)		(34	)		(443	)
	$	5,086		$	18,895		$	164		$	24,145
	Nine Months 2022
	North
	America			International			Other			Total
Digital & Integration	$	781		$	1,928		$	4		$	2,713
Reservoir Performance		333			3,661			5			3,999
Well Construction		1,659			6,354			155			8,168
Production Systems		1,601			4,037			9			5,647
Eliminations & other		(12	)		(279	)		(23	)		(314	)
	$	4,362		$	15,701		$	150		$	20,213