Company: OXY-WT
Filing Date: 2025-02-18
Form Type: 10-K
Source: 0000797468-25-000029
Chunk: 10

Company: OCCIDENTAL PETROLEUM CORP /DE/
Filing Date: 2025-02-18
Form: 10-K
Item: Item 8
Chunk 10
---
,445 $74,008 

The accompanying notes are an integral part of these Consolidated Financial Statements.

 OXY 2024 FORM 10-K65

table of contentsFINANCIAL STATEMENTS

Consolidated Statements of OperationsOccidental Petroleum Corporationand Subsidiaries

Years Ended December 31,millions except per-share amounts202420232022REVENUES AND OTHER INCOME   Net sales$26,725 $28,257 $36,634 Interest, dividends and other income171 139 153 Gains (losses) on sales of assets and other, net(16)522 308 Total26,880 28,918 37,095 COSTS AND OTHER DEDUCTIONS Oil and gas lease operating expense4,738 4,677 4,028 Transportation and gathering expense1,608 1,481 1,475 Chemical and midstream cost of sales3,121 3,116 3,273 Purchased commodities337 2,009 3,287 Selling, general and administrative expense1,062 1,083 945 Other operating and non-operating expense1,581 1,084 1,271 Taxes other than on income1,039 1,087 1,548 Depreciation, depletion and amortization7,371 6,865 6,926 Asset impairments and other charges1,281 209 — Acquisition-related costs84 26 89 Exploration expense275 441 216 Interest and debt expense, net1,175 945 1,030 Total23,672 23,023 24,088 Income before income taxes and other items3,208 5,895 13,007 OTHER ITEMSGains on interest rate swaps, net— — 317 Income from equity investments and other862 534 793 Total862 534 1,110 Income from continuing operations before income taxes4,070 6,429 14,117 Income tax expense(1,174)(1,733)(813)Income from continuing operations2,896 4,696 13,304 Income from discontinued operations, net of tax182 — — NET INCOME3,078 4,696 13,304 Less: Net income attributable to noncontrolling interest(22)— — Less