Company: OXY-WT
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0000797468-25-000076
Chunk: 29

Company: OCCIDENTAL PETROLEUM CORP /DE/
Filing Date: 2025-05-07
Form: 10-Q
Item: Item 1
Chunk 29
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20252024Revenue from customers$6,911 $6,731 All other revenues (a)(108)(756)Net sales$6,803 $5,975 (a)    Includes other net revenues from the midstream and marketing segment and chemical segment.

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DISAGGREGATION OF REVENUE FROM CONTRACTS WITH CUSTOMERSThe table below presents Occidental's revenue from customers by segment, product and geographical area. The oil and gas segment typically sells its oil, NGL and gas at the lease or concession area. Chemical segment revenues are shown by geographic area based on the location of the sale. Midstream and marketing segment revenues are shown by the location of sale:millionsUnited StatesInternationalEliminationsTotalThree months ended March 31, 2025Oil and gasOil$3,830 $675 $— $4,505 NGL578 96 — 674 Gas381 84 — 465 Other38 1 — 39 Segment total$4,827 $856 $— $5,683 Chemical$1,114 $73 $— $1,187 Midstream and marketing$174 $138 $— $312 Eliminations$— $— $(271)$(271)Consolidated$6,115 $1,067 $(271)$6,911 millionsUnited StatesInternationalEliminationsTotalThree months ended March 31, 2024Oil and gasOil$3,349 $772 $— $4,121 NGL416 99 — 515 Gas187 87 — 274 Other5 — — 5 Segment total$3,957 $958 $— $4,915 Chemical$1,115 $70 $— $1,185 Midstream and marketing$760 $96 $— $856 Eliminations$— $— $(225)$(225)Consolidated$5,832 $1,124 $(225)$6,731 

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 March 31, 2025 and December 31, 2024