Segment Information

6 Months Ended

Jun. 30, 2018

Segment Reporting [Abstract]

Segment Information

11.   Segment Information

				(Stated in millions)
	Second Quarter 2018						Second Quarter 2017
				Income						Income
				Before						Before
	Revenue			Taxes			Revenue			Taxes
Reservoir Characterization	$	1,636		$	350		$	1,759		$	299
Drilling		2,234			289			2,107			302
Production		3,257			316			2,496			221
Cameron		1,295			166			1,265			174
Eliminations & other		(119	)		(27	)		(165	)		(46	)
Pretax operating income					1,094						950
Corporate & other (1)					(239	)					(242	)
Interest income (2)					11						28
Interest expense (3)					(135	)					(128	)
Charges and credits (4)					(184	)					(591	)
	$	8,303		$	547		$	7,462		$	17

⁽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 ($1 million in 2018; $6 million in 2017).

⁽³⁾   Interest expense excludes amounts which are included in the segments’ income ($9 million in 2018; $14 million in 2017).

⁽⁴⁾   See Note 2 – Charges and Credits.

				(Stated in millions)
	Six Months 2018						Six Months 2017
				Income						Income
				Before						Before
	Revenue			Taxes			Revenue			Taxes
Reservoir Characterization	$	3,192		$	657		$	3,377		$	580
Drilling		4,360			582			4,092			531
Production		6,216			532			4,683			331
Cameron		2,605			332			2,494			336
Eliminations & other		(242	)		(35	)		(290	)		(71	)
Pretax operating income					2,068						1,707
Corporate & other (1)					(464	)					(480	)
Interest income (2)					36						52
Interest expense (3)					(266	)					(254	)
Charges and credits (4)					(184	)					(674	)
	$	16,131		$	1,190		$	14,356		$	351

⁽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 ($4 million in 2018; $11 million in 2017).

⁽³⁾   Interest expense excludes amounts which are included in the segments’ income ($21 million in 2018; $27 million in 2017).

⁽⁴⁾   See Note 2 – Charges and Credits.

Revenue by geographic area was as follows:

					(Stated in millions)
	Second Quarter				Six Months
	2018		2017		2018		2017
North America	$	3,139	$	2,202	$	5,974	$	4,074
Latin America		919		1,039		1,790		1,991
Europe/CIS/Africa		1,778		1,750		3,482		3,401
Middle East & Asia		2,367		2,347		4,676		4,666
Eliminations & other		100		124		209		224
	$	8,303	$	7,462	$	16,131	$	14,356

North America and International revenue disaggregated by Group was as follows:

							(Stated in millions)
	Second Quarter 2018
	North						Eliminations
	America			International			& other			Total
Reservoir Characterization	$	269		$	1,233		$	134		$	1,636
Drilling		568			1,612			54			2,234
Production		1,695			1,560			2			3,257
Cameron		611			707			(23	)		1,295
Other		(4	)		(48	)		(67	)		(119	)
	$	3,139		$	5,064		$	100		$	8,303
	Second Quarter 2017
	North						Eliminations
	America			International			& other			Total
Reservoir Characterization	$	217		$	1,372		$	170		$	1,759
Drilling		485			1,565			57			2,107
Production		1,032			1,475			(11	)		2,496
Cameron		474			788			3			1,265
Other		(6	)		(64	)		(95	)		(165	)
	$	2,202		$	5,136		$	124		$	7,462

				(Stated in millions)
	Six Months 2018
	North						Eliminations
	America			International			& other			Total
Reservoir Characterization	$	491		$	2,429		$	272		$	3,192
Drilling		1,132			3,125			103			4,360
Production		3,195			3,018			3			6,216
Cameron		1,180			1,461			(36	)		2,605
Other		(24	)		(85	)		(133	)		(242	)
	$	5,974		$	9,948		$	209		$	16,131
	Six Months 2017
	North						Eliminations
	America			International			& other			Total
Reservoir Characterization	$	448		$	2,639		$	290		$	3,377
Drilling		940			3,034			118			4,092
Production		1,770			2,927			(14	)		4,683
Cameron		919			1,581			(6	)		2,494
Other		(3	)		(123	)		(164	)		(290	)
	$	4,074		$	10,058		$	224		$	14,356