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Segment Information (Tables)
 9 Months Ended
Sep. 30, 2014
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information, by Segment

 

 

(Stated in millions)

 

 

Third Quarter 2014

 

 

Third Quarter 2013

 

 

Revenue

 

 

Income

before

taxes

 

 

Revenue

 

 

Income

before

taxes

 

Reservoir Characterization

$

3,184

 

 

$

954

 

 

$

3,289

 

 

$

988

 

Drilling

 

4,821

 

 

 

1,045

 

 

 

4,358

 

 

 

889

 

Production

 

4,697

 

 

 

857

 

 

 

4,024

 

 

 

707

 

Eliminations & other

 

(56

)

 

 

(50

)

 

 

(63

)

 

 

(88

)

      Pretax operating income

 

 

 

 

 

2,806

 

 

 

 

 

 

 

2,496

 

Corporate & other (1)

 

 

 

 

 

(210

)

 

 

 

 

 

 

(179

)

Interest income (2)

 

 

 

 

 

8

 

 

 

 

 

 

 

6

 

Interest expense (3)

 

 

 

 

 

(84

)

 

 

 

 

 

 

(92

)

 

$

12,646

 

 

$

2,520

 

 

$

11,608

 

 

$

2,231

 

 

(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; $3 million in 2013).

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

 

 

(Stated in millions)

 

 

Nine Months 2014

 

 

Nine Months 2013

 

 

Revenue

 

 

Income

before

taxes

 

 

Revenue

 

 

Income

before

taxes

 

Reservoir Characterization

$

9,131

 

 

$

2,651

 

 

$

9,157

 

 

$

2,629

 

Drilling

 

13,804

 

 

 

2,906

 

 

 

12,659

 

 

 

2,413

 

Production

 

13,157

 

 

 

2,319

 

 

 

11,708

 

 

 

1,888

 

Eliminations & other

 

(153

)

 

 

(81

)

 

 

(164

)

 

 

(190

)

      Pretax operating income

 

 

 

 

 

7,795

 

 

 

 

 

 

 

6,740

 

Corporate & other (1)

 

 

 

 

 

(628

)

 

 

 

 

 

 

(529

)

Interest income (2)

 

 

 

 

 

23

 

 

 

 

 

 

 

15

 

Interest expense (3)

 

 

 

 

 

(267

)

 

 

 

 

 

 

(277

)

Charges and credits (4)

 

 

 

 

 

—

 

 

 

 

 

 

 

572

 

 

$

35,939

 

 

$

6,923

 

 

$

33,360

 

 

$

6,521

 

  

(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 ($15 million in 2014; $6 million in 2013).

(3) Interest expense excludes amounts which are included in the segments’ income ($15 million in 2014; $17 million in 2013).

(4) See Note 2 – Charges and Credits.