Segment Information

6 Months Ended

Jun. 30, 2014

Segment Information

14. Segment Information

	(Stated in millions)
	Second Quarter 2014						Second Quarter 2013
	Revenue			Income before taxes			Revenue			Income before taxes
Reservoir Characterization	$	3,095		$	918		$	3,067		$	912
Drilling		4,653			981			4,239			800
Production		4,344			725			3,926			625
Eliminations & other		(38	)		(3	)		(50	)		(59	)
Pretax operating income					2,621						2,278
Corporate & other (1)					(216	)					(181	)
Interest income (2)					8						4
Interest expense (3)					(86	)					(92	)
Charges and credits (4)					—						664
	$	12,054		$	2,327		$	11,182		$	2,673

⁽¹⁾ Comprised principally of certain corporate expenses not allocated to the segments, interest on postretirement medical benefits, stock-based compensation costs, amortization expense associated with certain intangible assets and other nonoperating items.

⁽²⁾ Interest income excludes amounts which are included in the segments’ income ($5 million in 2014; $2 million in 2013).

⁽³⁾ Interest expense excludes amounts which are included in the segments’ income ($4 million in 2014; $6 million in 2013).

⁽⁴⁾ See Note 2 – Charges and Credits.

	(Stated in millions)
	Six Months 2014						Six Months 2013
	Revenue			Income before taxes			Revenue			Income before taxes
Reservoir Characterization	$	5,947		$	1,698		$	5,868		$	1,641
Drilling		8,984			1,861			8,301			1,525
Production		8,460			1,462			7,684			1,181
Eliminations & other		(97	)		(32	)		(101	)		(104	)
Pretax operating income					4,989						4,243
Corporate & other (1)					(418	)					(348	)
Interest income (2)					15						9
Interest expense (3)					(183	)					(185	)
Charges and credits (4)					—						572
	$	23,294		$	4,403		$	21,752		$	4,291

⁽¹⁾ Comprised principally of certain corporate expenses not allocated to the segments, interest on postretirement medical benefits, stock-based compensation costs, amortization expense associated with certain intangible assets and other nonoperating items.  

⁽²⁾ Interest income excludes amounts which are included in the segments’ income ($10 million in 2014; $2 million in 2013).

⁽³⁾ Interest expense excludes amounts which are included in the segments’ income ($10 million in 2014; $12 million in 2013).

⁽⁴⁾ See Note 2 – Charges and Credits.