Company: OXY-WT
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0000797468-25-000111
Chunk: 32

Company: OCCIDENTAL PETROLEUM CORP /DE/
Filing Date: 2025-08-06
Form: 10-Q
Item: Item 1
Chunk 32
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,802 

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millionsUnited StatesInternationalEliminationsTotalSix months ended June 30, 2025Oil and gasOil$7,286 $1,365 $— $8,651 NGL1,035 182 — 1,217 Gas586 172 — 758 Other64 2 — 66 Segment total$8,971 $1,721 $— $10,692 Chemical$2,266 $147 $— $2,413 Midstream and marketing$344 $299 $— $643 Eliminations$— $— $(519)$(519)Consolidated$11,581 $2,167 $(519)$13,229             millionsUnited StatesInternationalEliminationsTotalSix months ended June 30, 2024Oil and gasOil$7,360 $1,533 $— $8,893 NGL819 196 — 1,015 Gas254 178 — 432 Other44 — — 44 Segment total$8,477 $1,907 $— $10,384 Chemical$2,318 $140 $— $2,458 Midstream and marketing$932 $192 $— $1,124 Eliminations$— $— $(433)$(433)Consolidated$11,727 $2,239 $(433)$13,533 

NOTE 3 - INVENTORIESFinished goods primarily represent oil, which is carried at the lower of weighted-average cost or net realizable value, and caustic soda and chlorine, which are valued under the LIFO method. As of June 30, 2025 and December 31, 2024, inventories consisted of the following: millionsJune 30, 2025December 31, 2024Raw materials$107 $113 Materials and supplies1,314 1,279 Commodity inventory and finished goods546 796 1,967 2,188 Revaluation to LIFO(93)(93)Total$1,874 $2,095 

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NOTE 4 - LONG-TERM DEBTAs of June 30, 2025 and December 31, 2024, Occidental’s debt consisted of the following:mill