Company: OXY-WT
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0001628280-25-051071
Chunk: 87

Company: OCCIDENTAL PETROLEUM CORP /DE/
Filing Date: 2025-11-10
Form: 10-Q
Item: Item 2
Chunk 87
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 2024. Excluding the impact of items affecting comparability, oil and gas segment earnings decreased primarily due to lower crude oil prices, partially offset by higher sales volumes due to a full nine months of production from CrownRock assets in 2025.

Average daily sales volumes increased for the nine months ended September 30, 2025, compared to the same period in 2024, mainly due to the CrownRock Acquisition.

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The following table presents an analysis of the impacts of changes in average realized prices and sales volumes with regard to Occidental's domestic and international oil and gas revenue:

Increase (Decrease) Related tomillionsThree months ended June 30, 2025 (b)Price RealizationsNet Sales VolumesThree months ended September 30, 2025 (b)United States RevenueOil$3,456 $98 $210 $3,764 NGL457 (27)39 469 Natural gas205 21 14 240 Total$4,118 $92 $263 $4,473 International RevenueOil (a)$690 $(30)$35 $695 NGL86 (4)6 88 Natural gas88 (1)4 91 Total$864 $(35)$45 $874 

Increase (Decrease) Related tomillionsNine months ended September 30, 2024 (b)Price RealizationsNet Sales VolumesNine months ended September 30, 2025 (b)United States RevenueOil$11,564 $(1,796)$1,282 $11,050 NGL1,314 129 61 1,504 Natural gas314 534 (22)826 Total$13,192 $(1,133)$1,321 $13,380 International RevenueOil (a)$2,259 $(255)$56 $2,060 NGL293 (23)— 270 Natural gas269 1 (7)263 Total$2,821 $(277)$49 $2,593 

(a)     Includes the impact of international production sharing contracts.

(b)    Excludes "other" oil and gas revenue. See Note 2 - Revenue in the Notes to Consolidated Condensed Financial Statements in Part I, Item 1 of this Form 10-Q for additional information regarding other revenue.

CHEMICAL SEGMENT

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