Company: OXY-WT
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0000797468-25-000076
Chunk: 44

Company: OCCIDENTAL PETROLEUM CORP /DE/
Filing Date: 2025-05-07
Form: 10-Q
Item: Item 1
Chunk 44
---
 and other income  Net sales$1,188 $1,186 Gains on sale of assets and other income, net12 5 Total$1,200 $1,191 Significant segment expensesCost of sales870 820 Depreciation, depletion and amortization94 87 Other segment expenses (a)76 54 Total$1,040 $961 Segment income before other items$160 $230 Income from equity investments and other25 24 Segment income from continuing operations before taxes$185 $254 (a) Other segment expenses include other operating and non-operating expense and selling, general and administrative expense.

21

MIDSTREAM AND MARKETING SEGMENT Three months endedmillions March 31, 2025March 31, 2024Revenues and other income  Net sales$203 $99 Gains on sale of assets and other income, net26 27 Total$229 $126 Significant segment expensesCost of sales213 251 Other operating and non-operating expense85 88 Depreciation, depletion and amortization87 84 Other segment expenses (a)35 27 Total$420 $450 Segment losses before other items$(191)$(324)Income from equity investments and other114 291 Segment losses from continuing operations before taxes$(77)$(33)(a) Other segment expenses include transportation expense, taxes other than on income, and selling, general and administrative expense.SEGMENT INVESTMENTS AND EXPENDITURES The following table includes segment-level balance sheet information:millionsOil and gasChemicalMidstream and marketingCorporate andeliminationsTotalMarch 31, 2025PP&E Additions$1,568 $224 $152 $18 $1,962 Investments in unconsolidated entities$115 $505 $2,501 $— $3,121 Total Assets$61,768 $5,431 $14,110 $3,658 $84,967 March 31, 2024   PP&E Additions$1,494 $87 $207 $28 $1,816 Investments in unconsolidated entities$92 $547 $2,761 $— $3,400 Total Assets$53,744 $4,798 $13,628 $2