Segment Disclosures and Related Information (Tables)

9 Months Ended

Sep. 30, 2026

Segment Reporting, Reconciliation of Revenue by Segment to Consolidated


Three Months Ended September 30, 2026	Millions of Dollars
	Alaska		L48	Canada	EMENA	AP	Segment Totals	Corporate	Consolidated Total
Segment sales and other operating revenues
Sales and other operating revenues	$	1,782	13,234	1,879	2,564	630	20,089	16	20,105
Intersegment eliminations	—		(3)	(658)	—	—	(661)	(9)	(670)
Consolidated sales and other operating revenues#	1,782		13,231	1,221	2,564	630	19,428	7	19,435

Significant segment expenses*
Production and operating expenses	500		1,335	203	275	96	2,409	31	2,440
Depreciation, depletion and amortization	353		2,155	152	232	104	2,996	9	3,005
Income tax provision (benefit)	132		651	65	1,301	67	2,216	(235)	1,981
Total	985		4,141	420	1,808	267	7,621	(195)	7,426

Other segment items
Equity in earnings of affiliates	—		—	—	(56)	(366)	(422)	(26)	(448)
Interest income	—		—	—	—	—	—	(104)	(104)
Interest and debt expense	—		—	—	—	—	—	142	142
Other**	374		6,629	622	450	201	8,276	142	8,418
Total	374		6,629	622	394	(165)	7,854	154	8,008

Net income (loss)	$	423	2,461	179	362	528	3,953	48	4,001
#Includes revenue from physical contracts meeting the definition of a derivative that are outside the scope of ASC Topic 606 for the L48, Canada and EMENA segments of $1.6 billion, $0.1 billion and $0.5 billion, respectively.
*The significant segment expense categories and amounts in the table above align with segment-level information that is regularly provided to the CODM.
**Other segment items not required to be separately disclosed for each reportable segment include:
Gain (loss) on dispositions: L48 and Corporate
Other income: L48, EMENA and Corporate
Purchased commodities: Alaska, L48, Canada, EMENA and AP

Selling, general and administrative expenses, Exploration expenses, Taxes other than income taxes and Accretion on discounted liabilities: Alaska, L48, Canada, EMENA, AP and Corporate
Impairments: Alaska
Foreign currency transaction (gain) loss: Canada, EMENA, AP and Corporate

Other expenses: Alaska, L48, EMENA and Corporate


Three Months Ended September 30, 2025	Millions of Dollars
	Alaska		L48	Canada	EMENA	AP	Segment Totals	Corporate	Consolidated Total
Segment sales and other operating revenues
Sales and other operating revenues	$	1,443	10,541	1,414	1,578	515	15,491	24	15,515
Intersegment eliminations	—		(3)	(473)	—	—	(476)	(8)	(484)
Consolidated sales and other operating revenues#	1,443		10,538	941	1,578	515	15,015	16	15,031

Significant segment expenses*
Production and operating expenses	564		1,434	218	213	101	2,530	102	2,632
Depreciation, depletion and amortization	327		2,079	142	245	113	2,906	11	2,917
Income tax provision (benefit)	61		345	60	676	89	1,231	(29)	1,202
Total	952		3,858	420	1,134	303	6,667	84	6,751

Other segment items
Equity in earnings of affiliates	—		(3)	—	(157)	(194)	(354)	9	(345)
Interest income	—		—	—	—	(2)	(2)	(60)	(62)
Interest and debt expense	—		—	—	—	—	—	223	223
Other**	361		5,443	333	274	99	6,510	228	6,738
Total	361		5,440	333	117	(97)	6,154	400	6,554

Net income (loss)	$	130	1,240	188	327	309	2,194	(468)	1,726
#Includes revenue from physical contracts meeting the definition of a derivative that are outside the scope of ASC Topic 606 for the L48, Canada and EMENA segments of $1.5 billion, $0.1 billion and $0.1 billion, respectively.
*The significant segment expense categories and amounts in the table above align with segment-level information that is regularly provided to the CODM.
**Other segment items not required to be separately disclosed for each reportable segment include:
Gain (loss) on dispositions: L48 and Corporate
Other income and Selling, general and administrative expenses: L48, Canada, EMENA, AP and Corporate
Purchased commodities: Alaska, L48, Canada, EMENA and AP
Exploration expenses, Taxes other than income taxes and Accretion on discounted liabilities: Alaska, L48, Canada, EMENA, AP and Corporate
Impairments: L48
Foreign currency transaction (gain) loss: Canada, AP and Corporate

Other expenses: L48, EMENA and Corporate


Nine Months Ended September 30, 2026	Millions of Dollars
	Alaska		L48	Canada	EMENA	AP	Segment Totals	Corporate	Consolidated Total
Segment sales and other operating revenues
Sales and other operating revenues	$	5,178	37,351	5,477	6,467	1,805	56,278	53	56,331
Intersegment eliminations	—		(12)	(1,935)	—	—	(1,947)	(27)	(1,974)
Consolidated sales and other operating revenues#	5,178		37,339	3,542	6,467	1,805	54,331	26	54,357

Significant segment expenses*
Production and operating expenses	1,497		3,864	682	802	263	7,108	39	7,147
Depreciation, depletion and amortization	1,051		6,353	437	712	314	8,867	27	8,894
Income tax provision (benefit)	383		1,768	196	3,059	237	5,643	(331)	5,312
Total	2,931		11,985	1,315	4,573	814	21,618	(265)	21,353

Other segment items
Equity in earnings of affiliates	—		—	—	(196)	(697)	(893)	(41)	(934)
Interest income	—		—	—	—	—	—	(293)	(293)
Interest and debt expense	—		—	—	—	—	—	522	522
Other**	1,008		18,906	1,643	1,117	476	23,150	444	23,594
Total	1,008		18,906	1,643	921	(221)	22,257	632	22,889

Net income (loss)	$	1,239	6,448	584	973	1,212	10,456	(341)	10,115
#Includes revenue from physical contracts meeting the definition of a derivative that are outside the scope of ASC Topic 606 for the L48, Canada and EMENA segments of $3.7 billion, $0.5 billion and $1.1 billion, respectively.
*The significant segment expense categories and amounts in the table above align with segment-level information that is regularly provided to the CODM.
**Other segment items not required to be separately disclosed for each reportable segment include:
Gain (loss) on dispositions: L48 and Corporate
Other income: Alaska, L48, Canada, EMENA and Corporate
Purchased commodities: Alaska, L48, Canada, EMENA and AP

Selling, general and administrative expenses, Exploration expenses, Taxes other than income taxes and Accretion on discounted liabilities: Alaska, L48, Canada, EMENA, AP and Corporate
Impairments: Alaska and L48
Foreign currency transaction (gain) loss: Canada, EMENA, AP and Corporate

Other expenses: Alaska, L48, EMENA and Corporate


Nine Months Ended September 30, 2025	Millions of Dollars
	Alaska		L48	Canada	EMENA	AP	Segment Totals	Corporate	Consolidated Total
Segment sales and other operating revenues
Sales and other operating revenues	$	4,368	32,055	4,280	4,918	1,410	47,031	56	47,087
Intersegment eliminations	—		(6)	(1,506)	—	—	(1,512)	(23)	(1,535)
Consolidated sales and other operating revenues#	4,368		32,049	2,774	4,918	1,410	45,519	33	45,552

Significant segment expenses*
Production and operating expenses	1,616		4,399	635	669	251	7,570	140	7,710
Depreciation, depletion and amortization	1,043		5,986	416	662	350	8,457	44	8,501
Income tax provision (benefit)	247		1,175	191	2,191	220	4,024	(159)	3,865
Total	2,906		11,560	1,242	3,522	821	20,051	25	20,076

Other segment items
Equity in earnings of affiliates	—		(11)	—	(445)	(585)	(1,041)	(11)	(1,052)
Interest income	—		—	—	—	(6)	(6)	(199)	(205)
Interest and debt expense	—		—	—	—	—	—	660	660
Other**	870		16,071	939	858	230	18,968	559	19,527
Total	870		16,060	939	413	(361)	17,921	1,009	18,930

Net income (loss)	$	592	4,429	593	983	950	7,547	(1,001)	6,546
#Includes revenue from physical contracts meeting the definition of a derivative that are outside the scope of ASC Topic 606 for the L48, Canada and EMENA segments of $4.2 billion, $0.5 billion and $0.5 billion, respectively.
*The significant segment expense categories and amounts in the table above align with segment-level information that is regularly provided to the CODM.
**Other segment items not required to be separately disclosed for each reportable segment include:
Gain (loss) on dispositions: L48 and Corporate
Other income: L48, Canada, EMENA, AP and Corporate
Purchased commodities: Alaska, L48, Canada, EMENA and AP
Selling, general and administrative expenses, Exploration expenses, Taxes other than income taxes and Accretion on discounted liabilities: Alaska, L48, Canada, EMENA, AP and Corporate


Impairments: L48 and EMENA

Foreign currency transaction (gain) loss: Canada, EMENA, AP and Corporate
Other expenses: Alaska, L48, EMENA and Corporate

Segment Reporting, Reconciliation of Other Item by Segment to Consolidated


Three Months Ended September 30, 2026	Millions of Dollars

	Alaska		L48	Canada	EMENA	AP	Segment Totals	Corporate	Consolidated Total
Equity investments	$	3	1	—	2,563	4,930	7,497	1,745	9,242
Total assets	22,188		60,187	9,633	11,453	8,397	111,858	14,215	126,073
Capital expenditures and investments	936		1,699	155	215	97	3,102	31	3,133

Other Segment Disclosures


Three Months Ended September 30, 2025	Millions of Dollars

	Alaska		L48	Canada	EMENA	AP	Segment Totals	Corporate	Consolidated Total
Equity investments	$	3	127	—	2,163	4,820	7,113	1,624	8,737
Total assets	19,736		64,387	9,801	10,405	8,052	112,381	10,091	122,472
Capital expenditures and investments	753		1,571	152	293	70	2,839	27	2,866


Nine Months Ended September 30, 2026	Millions of Dollars

	Alaska		L48	Canada	EMENA	AP	Segment Totals	Corporate	Consolidated Total
Equity investments	$	3	1	—	2,563	4,930	7,497	1,745	9,242
Total assets	22,188		60,187	9,633	11,453	8,397	111,858	14,215	126,073
Capital expenditures and investments	2,797		4,844	365	729	270	9,005	100	9,105


Nine Months Ended September 30, 2025	Millions of Dollars

	Alaska		L48	Canada	EMENA	AP	Segment Totals	Corporate	Consolidated Total
Equity investments	$	3	127	—	2,163	4,820	7,113	1,624	8,737
Total assets	19,736		64,387	9,801	10,405	8,052	112,381	10,091	122,472
Capital expenditures and investments	2,785		5,089	461	923	188	9,446	84	9,530

Segment Reporting, Entity-Wide Information Not Provided as Part of Reportable Segment, Product and Service, Revenue


	Millions of Dollars
	Three Months Ended September 30			Nine Months Ended September 30
	2026		2025	2026	2025

Consolidated sales and other operating revenues
Crude oil	$	12,959	10,010	37,488	30,371
Natural gas	2,925		2,020	6,578	6,782
Natural gas liquids	1,254		886	3,293	2,879
Other*	2,297		2,115	6,998	5,520
Total	$	19,435	15,031	54,357	45,552

*Includes bitumen, power and LNG.


	Millions of Dollars
	Three Months Ended September 30			Nine Months Ended September 30
	2026		2025	2026	2025
Revenue from physical contracts meeting the definition of a derivative outside the scope of ASC Topic 606
Crude oil	$	171	101	459	258
Natural gas	1,678		1,231	4,028	3,994
Power	385		426	894	921
Total	$	2,234	1,758	5,381	5,173

Segment Reporting, Entity-Wide Information Not Provided as Part of Reportable Segment, Geographical Area, Revenue and Long-Lived Asset


Sales and other operating revenues by geographic location*	Millions of Dollars
	Three Months Ended September 30			Nine Months Ended September 30
	2026		2025	2026	2025

U.S.	$	14,943	11,887	42,310	36,136









International	4,492		3,144	12,047	9,416
Worldwide consolidated	$	19,435	15,031	54,357	45,552

*Sales and other operating revenues are attributable to countries based on the location of the selling operation.