30
29
Analysis of Results by Operating Segment
Millions of Dollars
Three Months Ended March 31,
Nine Months Ended
September 30
September 30
2020
Income Statement2019
ConocoPhillips2020
ConocoPhillips2019
Company
Burlington
Resources LLC
All Other
Subsidiaries
Consolidating
Adjustments
Total
Consolidated
RevenuesSales and Other IncomeOperating Revenues
SalesAlaska
$
864
1,296
2,396
4,129
Intersegment eliminations
(30)
0
(11)
0
Alaska
834
1,296
2,385
4,129
Lower 48
2,323
3,728
6,859
11,690
Intersegment eliminations
(9)
(10)
(47)
(33)
Lower 48
2,314
3,718
6,812
11,657
Canada
348
633
1,026
2,173
Intersegment eliminations
(20)
(273)
(200)
(858)
Canada
328
360
826
1,315
Europe, Middle East and North Africa
432
1,225
1,320
4,084
Asia Pacific
477
1,085
1,930
3,458
Other International
1
0
5
0
Corporate and Other
0
72
15
216
Consolidated sales and other operating revenues
$
-4,386
2,9037,756
-13,293
3,25524,859
-Sales and Other Operating Revenues by GeographicLocation6,158(1)
Equity in earnings (losses) of affiliatesUnited States
(1,681)$
1203,148
(426)5,085
2339,209
1,98815,996
234Australia
Gain (loss) on dispositions0
-412
605
1,282
Canada
328
360
826
1,315
China
161
191
374
593
Indonesia
167
223
503
654
Libya
6
288
50
809
Malaysia
148
258
447
928
Norway
358
632
1,046
1,781
United Kingdom
68
305
224
1,494
Other foreign countries
2
2
9
-7
(51)
-
(42)
Other income (loss)
(1)
(1,646)
1
107
-
(1,539)
Intercompany revenues
-
30
3
907
(940)
-
Total Revenues and OtherIncome (Loss)(1,682)
1,416
(422)
4,451
1,048
4,811
Costs and Expenses
Purchased commodities
-
2,612
-
946
(897)
2,661
Production and operating expenses
-
160
1
1,013
(1)
1,173
Selling, general and administrative expenses
2
(23)
-
23
(5)
(3)
Exploration expenses
-
25
-
163
-
188
Depreciation, depletion and amortization
-
147
-
1,264
-
1,411
Impairments
-
2
-
519
-
521
Taxes other than income taxes
-
48
-
202
-
250
Accretion on discounted liabilities
-
4
-
63
-
67
Interest and debt expense
70
107
33
29
(37)
202
Foreign currency transaction gains
-
(1)
-
(89)
-
(90)
Other expenses
-
(6)
-
-
-
(6)
Total Costs and Expenses
72
3,075
34
4,133
(940)
6,374
Income (loss) before income taxes
(1,754)
(1,659)
(456)
318
1,988
(1,563)
Income tax provision (benefit)
(15)
22
(6)
147
-
148
Net income (loss)
(1,739)
(1,681)
(450)
171
1,988
(1,711)
Less: net income attributable to noncontrolling interests
-
-
-
(28)
-
(28)
Net Income (Loss) Attributable to ConocoPhillipsWorldwide consolidated
$
(1,739)4,386
(1,681)7,756
(450)13,293
14324,859
1,988Sales and Other Operating Revenues by Product
(1,739)
Comprehensive Income (Loss) Attributable to ConocoPhillipsCrude oil
$
(2,527)2,321
(2,469)4,612
(1,047)6,981
(649)14,006
4,165Natural gas
(2,527)1,509
Income Statement1,799
Three Months Ended March 31, 20194,354
Revenues6,717
Natural gas liquids
129
156
364
607
Other
(2)
427
1,189
1,594
3,529
Consolidated sales and
Other Incomeother operating revenues byproduct $
4,386
7,756
13,293
24,859
(1) Sales and other operating revenues
$
-
3,981
-
5,169
-
9,150
Equity in earnings of affiliates
1,890
1,622
473
186
(3,983)
188
Gain (loss) on dispositions
-
(5)
-
22
-
17
Other income
1
508
-
193
-
702
Intercompany revenues
-
26
13
1,161
(1,200)
-
Total Revenues and OtherIncome1,891
6,132
486
6,731
(5,183)
10,057
Costs and Expenses
Purchased commodities
-
3,497
-
1,304
(1,126)
3,675
Production and operating expenses
-
180
1
1,091
(1)
1,271
Selling, general and administrative expenses
4
129
-
25
(5)
153
Exploration expenses
-
47
-
63
-
110
Depreciation, depletion and amortization
-
136
-
1,410
-
1,546
Impairments
-
-
-
1
-
1
Taxes other than income taxes
-
46
-
229
-
275
Accretion on discounted liabilities
-
4
-
82
-
86
Interest and debt expense
69
149
33
50
(68)
233
Foreign currency transaction losses
-
6
-
6
-
12
Other expenses
-
12
-
(4)
-
8
Total Costs and Expenses
73
4,206
34
4,257
(1,200)
7,370
Income before income taxes
1,818
1,926
452
2,474
(3,983)
2,687
Income tax provision (benefit)
(15)
36
(5)
825
-
841
Net income
1,833
1,890
457
1,649
(3,983)
1,846
Less: net income are attributable to noncontrolling interestscountries based on the location of the selling operation.
-(2) Includes LNG and bitumen.