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Segment Information (Tables)
 6 Months Ended
Jun. 30, 2014
Schedule of Segment Reporting Information, by Segment

 

 

(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.