Company: OXY-WT
Filing Date: 2025-02-18
Form Type: 10-K
Source: 0000797468-25-000029
Chunk: 89

Company: OCCIDENTAL PETROLEUM CORP /DE/
Filing Date: 2025-02-18
Form: 10-K
Item: Item 8
Chunk 89
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49 $47.66 Lease operating costs10.05 12.45 10.48 Transportation costs3.74 0.74 3.20 Other operating expenses2.90 2.39 2.81 Depreciation, depletion and amortization15.22 6.83 13.70 Taxes other than on income2.63 1.44 2.41 Exploration expenses0.88 1.47 0.99 Pretax income before impairments and other charges12.49 21.17 14.07 Asset impairments and other charges0.57 — 0.47 Pretax income 11.92 21.17 13.60 Income tax expense (c)2.56 9.21 3.76 Results of operations$9.36 $11.96 $9.84 FOR THE YEAR ENDED DECEMBER 31, 2022Revenues (b)$65.77 $57.67 $64.22 Lease operating costs8.92 12.07 9.52 Transportation costs3.87 0.85 3.29 Other operating expenses2.87 2.90 2.88 Depreciation, depletion and amortization16.40 7.05 14.61 Taxes other than on income3.61 3.69 3.63 Exploration expenses0.33 1.27 0.51 Pretax income before impairments and other charges29.77 29.84 29.78 Asset impairments and other charges— — — Pretax income 29.77 29.84 29.78 Income tax expense (c)6.47 11.90 7.51 Results of operations$23.30 $17.94 $22.27 

(a)Natural gas volumes have been converted to Boe based on energy content of six Mcf of gas to one barrel of oil.

(b)Revenues are net of royalty payments.

(c)U.S. federal income taxes reflect certain expenses related to oil and gas activities allocated for U.S. income tax purposes. These amounts are computed using the statutory rate in effect during the period.

120 OXY 2024 FORM 10-K

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