(Stated in millions)
2011
Revenue
Income
before
taxes Assets
Depn. &
Amortn.
Capital
Expenditures
OILFIELD SERVICES
Reservoir Characterization
$ 9,929 $2,449 $ 7,621 $1,285
$1,057
Drilling
(1)
13,860 2,254
9,093
982
1,420
Production
(1)
13,136 2,637
8,007
643
1,383
Eliminations & other
(2)
34
(35)
1,958
162
148
36,959 7,305 26,679 3,072
4,008
Goodwill and intangible assets
(3)
18,932
Discontinued operations assets
1,055
All other assets
2,202
Corporates
(4)
(590)
6,333
202
Interest income
(5)
37
Interest expense
(6)
(290)
Charges & credits
(7)
(223)
$36,959 $6,239 $55,201 $3,274
$4,008
(Stated in millions)
2010
Revenue
Income
before
taxes Assets
Depn. &
Amortn.
Capital
Expenditures
OILFIELD SERVICES
Reservoir Characterization
$ 9,321 $2,321 $ 7,338 $1,246
$ 885
Drilling
(1)
7,917 1,313
8,355
721
942
Production
(1)
9,366 1,389
6,254
571
850
Eliminations & other
(2)
68
48
1,801
142
234
26,672 5,071 23,748 2,680
2,911
Goodwill and intangible assets
(3)
19,014
Discontinued operations assets
862
All other assets
1,599
Corporate
(4)
(405)
6,544
77
1
Interest income
(5)
43
Interest expense
(6)
(202)
Charges & credits
(7)
625
$26,672 $5,132 $51,767 $2,757
$2,912
(1) Effective January 1, 2012, a component of the Drilling Group was reallocated to the Production Group. Historical
information has been reclassified to conform to this presentation.
(2) Includes certain headquarter administrative costs which are not allocated to the segments, and certain other
operations and other cost and income items maintained at the Oilfield Services level.
(3) Excludes goodwill and intangible assets relating to discontinued operations.
(4) Comprised principally of corporate expenses not allocated to the segments, interest on postretirement medical
benefits, stock-based compensation costs, amortization expense associated with intangible assets recorded as a
result of the acquisition of Smith and certain other nonoperating items. Corporate assets consist of cash, short-
term investments, fixed income investments, held to maturity and investments in affiliates.
(5) Interest income excludes amounts which are included in the segments’ income (2012 – $- million: 2011 – $3
million; 2010 – $7 million).
(6) Interest expense excludes amounts which are included in the segments’ income (2012 – $8 million; 2011 – $8
million; 2010 – $5 million).
(7) See Note 3 –
Charges and Credits
.
57
