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Segment Information (Tables)
 12 Months Ended
Dec. 31, 2014
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information, by Segment

Financial information for the years ended December 31, 2014, 2013 and 2012, by segment, is as follows:

 

 

(Stated in millions)

 

 

 

 

 

2014

 

 

Revenue

 

 

Income
before
taxes

 

 

Assets

 

  

Depreciation 

and
Amortization

 

  

Capital
Expenditures

 

Reservoir Characterization

$

12,224

 

 

$

3,607

 

 

$

8,596

 

 

$

1,391

 

 

$

1,152

 

Drilling

 

18,462

 

 

 

3,872

 

 

 

11,378

 

 

 

1,174

 

 

 

1,328

 

Production

 

18,111

 

 

 

3,227

 

 

 

11,848

 

 

 

1,133

 

 

 

1,246

 

Eliminations & other

 

(217

)

 

 

(130

)

 

 

1,577

 

 

 

198

 

 

 

250

 

      Pretax operating income 

 

 

 

 

 

10,576

 

 

 

 

 

 

 

 

 

 

 

 

 

Goodwill and intangible assets

 

 

 

 

 

 

 

 

 

20,142

 

 

 

 

 

 

 

 

 

All other assets

 

 

 

 

 

 

 

 

 

2,185

 

 

 

 

 

 

 

 

 

Corporate (1)

 

 

 

 

 

(848

)

 

 

11,178

 

 

 

198

 

 

 

 

 

Interest income (2)

 

 

 

 

 

31

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest expense (3)

 

 

 

 

 

(347

)

 

 

 

 

 

 

 

 

 

 

 

 

Charges & credits (4)

 

 

 

 

 

(1,773

)

 

 

 

 

 

 

 

 

 

 

 

 

 

$

48,580

 

 

$

7,639

 

 

$

66,904

 

 

$

4,094

 

 

$

3,976

 

 

 

(Stated in millions)

 

 

 

 

 

2013

 

 

Revenue

 

 

Income
before
taxes

 

 

Assets

 

  

Depreciation

 and
Amortization

 

  

Capital
Expenditures

 

Reservoir Characterization

$

12,463

 

 

$

3,660

 

 

$

8,918

 

 

$

1,338

 

 

$

1,275

 

Drilling

 

17,099

 

 

 

3,293

 

 

 

10,940

 

 

 

1,077

 

 

 

1,291

 

Production

 

15,927

 

 

 

2,619

 

 

 

11,185

 

 

 

1,039

 

 

 

1,204

 

Eliminations & other

 

(223

)

 

 

(228

)

 

 

1,974

 

 

 

217

 

 

 

173

 

      Pretax operating income 

 

 

 

 

 

9,344

 

 

 

 

 

 

 

 

 

 

 

 

 

Goodwill and intangible assets

 

 

 

 

 

 

 

 

 

19,415

 

 

 

 

 

 

 

 

 

All other assets

 

 

 

 

 

 

 

 

 

2,618

 

 

 

 

 

 

 

 

 

Corporate (1)

 

 

 

 

 

(726

)

 

 

12,050

 

 

 

208

 

 

 

 

 

Interest income (2)

 

 

 

 

 

22

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest expense (3)

 

 

 

 

 

(369

)

 

 

 

 

 

 

 

 

 

 

 

 

Charges & credits (4)

 

 

 

 

 

420

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$

45,266

 

 

$

8,691

 

 

$

67,100

 

 

$

3,879

 

 

$

3,943

 

 

 

(Stated in millions)

 

 

2012

 

 

Revenue

 

 

Income
before
taxes

 

 

Assets

 

  

Depreciation and
Amortization

 

  

Capital
Expenditures

 

Reservoir Characterization

$

11,360

 

 

$

3,080

 

 

$

8,501

 

 

$

1,309

 

 

$

1,235

 

Drilling

 

15,691

 

 

 

2,778

 

 

 

11,316

 

 

 

1,072

 

 

 

1,668

 

Production

 

14,802

 

 

 

2,327

 

 

 

9,889

 

 

 

877

 

 

 

1,439

 

Eliminations & other

 

(122

)

 

 

(68

)

 

 

1,920

 

 

 

191

 

 

 

352

 

      Pretax operating income 

 

 

 

 

 

8,117

 

 

 

 

 

 

 

 

 

 

 

 

 

Goodwill and intangible assets

 

 

 

 

 

 

 

 

 

19,387

 

 

 

 

 

 

 

 

 

Discontinued operations assets

 

 

 

 

 

 

 

 

 

246

 

 

 

 

 

 

 

 

 

All other assets

 

 

 

 

 

 

 

 

 

2,267

 

 

 

 

 

 

 

 

 

Corporate (1)

 

 

 

 

 

(696

)

 

 

8,021

 

 

 

198

 

 

 

 

 

Interest income (2)

 

 

 

 

 

30

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest expense (3)

 

 

 

 

 

(331

)

 

 

 

 

 

 

 

 

 

 

 

 

Charges & credits (4)

 

 

 

 

 

(161

)

 

 

 

 

 

 

 

 

 

 

 

 

 

$

41,731

 

 

$

6,959

 

 

$

61,547

 

 

$

3,647

 

 

$

4,694

 

 

(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 and other nonoperating items. Corporate assets consist of cash, short-term investments, fixed income investments, held to maturity and investments in affiliates.

(2) 

Interest income excludes amounts which are included in the segments’ income (2014: $20 million; 2013: $11 million; 2012: $- million).

(3) 

Interest expense excludes amounts which are included in the segments’ income (2014: $22 million; 2013: $22 million; 2012: $9 million).

(4) 

See Note 3 – Charges and Credits.

Revenue by Geographic Area

Revenue by geographic area for the years ended December 31, 2014, 2013 and 2012 is as follows:

 

 

(Stated in millions)

 

 

 

 

 

2014

 

  

2013

 

  

2012

 

North America

$

16,151

  

  

$

13,897

  

  

$

13,535

  

Latin America

 

7,699

  

  

 

7,754

  

  

 

7,554

  

Europe/CIS/Africa

 

12,515

  

  

 

12,411

  

  

 

11,510

  

Middle East & Asia

 

11,875

  

  

 

10,767

  

  

 

8,717

  

Eliminations & other

 

340

  

  

 

437

  

  

 

415

  

 

$

48,580

  

  

$

45,266

  

  

$

41,731

  

 
Fixed Assets Less Accumulated Depreciation by Geographic Area

Fixed Assets less accumulated depreciation by geographic area are as follows:

 

 

(Stated in millions)

 

 

 

 

 

2014

 

  

2013

 

  

2012

 

North America

$

4,885

  

  

$

4,858

  

  

$

4,868

  

Latin America

 

1,969

  

  

 

1,889

  

  

 

1,788

  

Europe/CIS/Africa

 

3,640

  

  

 

3,452

  

  

 

3,414

  

Middle East & Asia

 

3,446

  

  

 

2,991

  

  

 

2,908

  

Unallocated (1)

 

1,456

  

  

 

1,906

  

  

 

1,802

  

 

$

15,396

  

  

$

15,096

  

  

$

14,780

  

(1) 

Represents seismic vessels, including the related on-board equipment, which frequently transition between geographic areas.