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Segment Information (Tables)
6 Months Ended
Jun. 30, 2015
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information, by Segment

 

 

 

 

 

 

(Stated in millions)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Second Quarter 2015

 

 

Second Quarter 2014

 

 

 

 

 

 

Income

 

 

 

 

 

 

Income

 

 

 

 

 

 

before

 

 

 

 

 

 

before

 

 

Revenue

 

 

Taxes

 

 

Revenue

 

 

Taxes

 

Reservoir Characterization................................................................

$

2,425

 

 

$

642

 

 

$

3,231

 

 

$

933

 

Drilling...............................................................................................

 

3,511

 

 

 

685

 

 

 

4,653

 

 

 

981

 

Production..........................................................................................

 

3,103

 

 

 

397

 

 

 

4,208

 

 

 

710

 

Eliminations & other.........................................................................

 

(29

)

 

 

(16

)

 

 

(38

)

 

 

(3

)

Pretax operating income...............................................................

 

 

 

 

 

1,708

 

 

 

 

 

 

 

2,621

 

Corporate & other (1)........................................................................

 

 

 

 

 

(199

)

 

 

 

 

 

 

(216

)

Interest income (2).............................................................................

 

 

 

 

 

6

 

 

 

 

 

 

 

8

 

Interest expense (3)............................................................................

 

 

 

 

 

(79

)

 

 

 

 

 

 

(86

)

 

$

9,010

 

 

$

1,436

 

 

$

12,054

 

 

$

2,327

 

 

 

(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 which are included in the segments’ income ($6 million in 2015; $5 million in 2014).

(3)  Interest expense excludes amounts which are included in the segments’ income ($7 million in 2015; $4 million in 2014).

 

 

 

 

 

 

(Stated in millions)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Six Months 2015

 

 

Six Months 2014

 

 

 

 

 

 

Income

 

 

 

 

 

 

Income

 

 

 

 

 

 

before

 

 

 

 

 

 

before

 

 

Revenue

 

 

Taxes

 

 

Revenue

 

 

Taxes

 

Reservoir Characterization

.........................................................................................................$

4,977

 

 

$

1,297

 

 

$

6,214

 

 

$

1,726

 

Drilling

.............................................................................................. 

7,474

 

 

 

1,475

 

 

 

8,984

 

 

 

1,862

 

Production

.............................................................................................. 

6,870

 

 

 

946

 

 

 

8,193

 

 

 

1,433

 

Eliminations & other

.............................................................................................. 

(63

)

 

 

(17

)

 

 

(97

)

 

 

(32

)

Pretax operating income

.............................................................................................. 

 

 

 

 

3,701

 

 

 

 

 

 

 

4,989

 

Corporate & other (1)

.............................................................................................. 

 

 

 

 

(390

)

 

 

 

 

 

 

(417

)

Interest income (2)

.............................................................................................. 

 

 

 

 

14

 

 

 

 

 

 

 

15

 

Interest expense (3)

.............................................................................................. 

 

 

 

 

(156

)

 

 

 

 

 

 

(183

)

Charges and credits (4)

.............................................................................................. 

 

 

 

 

(439

)

 

 

 

 

 

 

-

 

 

$

19,258

 

 

$

2,730

 

 

$

23,294

 

 

$

4,404

 

 

(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 which are included in the segments’ income ($11 million in 2015; $10 million in 2014).

(3)  Interest expense excludes amounts which are included in the segments’ income ($13 million in 2015; $10 million in 2014).

(4) Charges and credits recorded during the six months of 2015 are described in detail in Note 2 to the Consolidated Financial Statements.