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Segment Information (Tables)
 3 Months Ended
Mar. 31, 2022
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information, by Segment

 

 

 

 

 

 

(Stated in millions)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

First Quarter 2022

 

 

First Quarter 2021

 

 

 

 

 

 

Income

 

 

 

 

 

 

Income

 

 

 

 

 

 

Before

 

 

 

 

 

 

Before

 

 

Revenue

 

 

Taxes

 

 

Revenue

 

 

Taxes

 

Digital & Integration

$

857

 

 

$

292

 

 

$

772

 

 

$

247

 

Reservoir Performance

 

1,210

 

 

 

160

 

 

 

1,002

 

 

 

102

 

Well Construction

 

2,398

 

 

 

388

 

 

 

1,936

 

 

 

210

 

Production Systems

 

1,604

 

 

 

114

 

 

 

1,590

 

 

 

138

 

Eliminations & other

 

(107

)

 

 

(60

)

 

 

(77

)

 

 

(33

)

 

 

 

 

 

 

894

 

 

 

 

 

 

 

664

 

Corporate & other (1)

 

 

 

 

 

(164

)

 

 

 

 

 

 

(150

)

Interest income (2)

 

 

 

 

 

2

 

 

 

 

 

 

 

4

 

Interest expense (3)

 

 

 

 

 

(120

)

 

 

 

 

 

 

(132

)

Charges and credits (4)

 

 

 

 

 

26

 

 

 

 

 

 

 

-

 

 

$

5,962

 

 

$

638

 

 

$

5,223

 

 

$

386

 

 

(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 ($12 million in 2022; $1 million in 2021).

(3)

Interest expense excludes amounts which are included in the segments’ income ($3 million in 2022; $4 million in 2021).

(4)

See Note 2 – Charges and Credits.
Revenue by Geographic Area

Revenue by geographic area was as follows:

 

 

(Stated in millions)

 

 

 

 

 

 

 

 

 

 

First Quarter

 

 

2022

 

 

2021

 

North America

$

1,282

 

 

$

972

 

Latin America

 

1,204

 

 

 

1,038

 

Europe/CIS/Africa

 

1,404

 

 

 

1,256

 

Middle East & Asia

 

2,024

 

 

 

1,917

 

Eliminations & other

 

48

 

 

 

40

 

 

$

5,962

 

 

$

5,223

 

 
Summary of North America and International Revenue Disaggregated by Segment

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

 

 

 

 

 

 

 

 

 

 

(Stated in millions)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

First Quarter 2022

 

 

North

 

 

 

 

 

 

Eliminations

 

 

 

 

 

 

America

 

 

International

 

 

& other

 

 

Total

 

Digital & Integration

$

225

 

 

$

631

 

 

$

1

 

 

$

857

 

Reservoir Performance

 

103

 

 

 

1,105

 

 

 

2

 

 

 

1,210

 

Well Construction

 

485

 

 

 

1,865

 

 

 

48

 

 

 

2,398

 

Production Systems

 

473

 

 

 

1,127

 

 

 

4

 

 

 

1,604

 

Eliminations & other

 

(4

)

 

 

(96

)

 

 

(7

)

 

 

(107

)

 

$

1,282

 

 

$

4,632

 

 

$

48

 

 

$

5,962

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

First Quarter 2021

 

 

North

 

 

 

 

 

 

Eliminations

 

 

 

 

 

 

America

 

 

International

 

 

& other

 

 

Total

 

Digital & Integration

$

161

 

 

$

610

 

 

$

1

 

 

$

772

 

Reservoir Performance

 

78

 

 

 

922

 

 

 

2

 

 

 

1,002

 

Well Construction

 

310

 

 

 

1,577

 

 

 

49

 

 

 

1,936

 

Production Systems

 

420

 

 

 

1,161

 

 

 

9

 

 

 

1,590

 

Eliminations & other

 

3

 

 

 

(59

)

 

 

(21

)

 

 

(77

)

 

$

972

 

 

$

4,211

 

 

$

40

 

 

$

5,223