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Segment Information
 6 Months Ended
Jun. 30, 2017
Segment Reporting [Abstract]  
Segment Information

12.   Segment Information

 

 

 

 

 

 

(Stated in millions)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Second Quarter 2017

 

 

Second Quarter 2016

 

 

 

 

 

 

Income

 

 

 

 

 

 

Income

 

 

 

 

 

 

Before

 

 

 

 

 

 

Before

 

 

Revenue

 

 

Taxes

 

 

Revenue

 

 

Taxes

 

Reservoir Characterization

$

1,759

 

 

$

299

 

 

$

1,586

 

 

$

268

 

Drilling

 

2,107

 

 

 

302

 

 

 

2,034

 

 

 

171

 

Production

 

2,496

 

 

 

221

 

 

 

2,121

 

 

 

82

 

Cameron

 

1,265

 

 

 

174

 

 

 

1,525

 

 

 

250

 

Eliminations & other

 

(165

)

 

 

(46

)

 

 

(102

)

 

 

(24

)

Pretax operating income

 

 

 

 

 

950

 

 

 

 

 

 

 

747

 

Corporate & other (1)

 

 

 

 

 

(242

)

 

 

 

 

 

 

(241

)

Interest income (2)

 

 

 

 

 

28

 

 

 

 

 

 

 

24

 

Interest expense (3)

 

 

 

 

 

(128

)

 

 

 

 

 

 

(136

)

Charges and credits (4)

 

 

 

 

 

(591

)

 

 

 

 

 

 

(2,908

)

 

$

7,462

 

 

$

17

 

 

$

7,164

 

 

$

(2,514

)

 

 

(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 2017; $6 million in 2016).

(3)   Interest expense excludes amounts which are included in the segments’ income ($14 million in 2017; $13 million in 2016).

(4)   See Note 2 – Charges and Credits.

Certain prior period items have been reclassified to conform to the current period presentation.

 

 

 

 

 

(Stated in millions)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Six Months 2017

 

 

Six Months 2016

 

 

 

 

 

 

Income

 

 

 

 

 

 

Income

 

 

 

 

 

 

Before

 

 

 

 

 

 

Before

 

 

Revenue

 

 

Taxes

 

 

Revenue

 

 

Taxes

 

Reservoir Characterization

$

3,377

 

 

$

580

 

 

$

3,305

 

 

$

601

 

Drilling

 

4,092

 

 

 

531

 

 

 

4,527

 

 

 

542

 

Production

 

4,683

 

 

 

331

 

 

 

4,497

 

 

 

288

 

Cameron

 

2,494

 

 

 

336

 

 

 

1,525

 

 

 

250

 

Eliminations & other

 

(290

)

 

 

(71

)

 

 

(170

)

 

 

(33

)

Pretax operating income

 

 

 

 

 

1,707

 

 

 

 

 

 

 

1,648

 

Corporate & other (1)

 

 

 

 

 

(480

)

 

 

 

 

 

 

(414

)

Interest income (2)

 

 

 

 

 

52

 

 

 

 

 

 

 

37

 

Interest expense (3)

 

 

 

 

 

(254

)

 

 

 

 

 

 

(256

)

Charges and credits (4)

 

 

 

 

 

(674

)

 

 

 

 

 

 

(2,908

)

 

$

14,356

 

 

$

351

 

 

$

13,684

 

 

$

(1,893

)

 

(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 2017; $12 million in 2016).

(3)   Interest expense excludes amounts which are included in the segments’ income ($27 million in 2017; $26 million in 2016).

(4)   See Note 2 – Charges and Credits.

Certain prior period items have been reclassified to conform to the current period presentation.