Company: OXY-WT
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0000797468-25-000111
Chunk: 70

Company: OCCIDENTAL PETROLEUM CORP /DE/
Filing Date: 2025-08-06
Form: 10-Q
Item: Item 8
Chunk 70
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$693 $477 Significant segment expensesCost of sales199 280 412 531 Other operating and non-operating expense98 63 183 151 Depreciation, depletion and amortization88 82 175 166 Other segment expenses (b)37 30 72 57 Total$422 $455 $842 $905 Segment income (losses) before other items$42 $(104)$(149)$(428)Income from equity investments and other7 220 121 511 Segment income (losses) from continuing operations before taxes$49 $116 $(28)$83 (a) Includes revenue from customers and all other revenues.(b) Other segment expenses include transportation expense, taxes other than on income, and selling, general and administrative expense.SEGMENT INVESTMENTS AND EXPENDITURES The following table includes segment-level balance sheet information:millionsOil and gasChemicalMidstream and marketingCorporate andeliminationsTotalJune 30, 2025PP&E Additions$3,109 $529 $343 $40 $4,021 Investments in unconsolidated entities$115 $494 $2,335 $— $2,944 Total Assets$61,713 $5,623 $13,658 $3,366 $84,360 June 30, 2024   PP&E Additions$2,864 $260 $432 $65 $3,621 Investments in unconsolidated entities$89 $541 $2,830 $— $3,460 Total Assets$53,693 $4,878 $15,017 $2,628 $76,216 

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Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations

The following discussion should be read together with the Consolidated Condensed Financial Statements and the notes to the Consolidated Condensed Financial Statements, which are included in this report in Part I, Item 1; the information set forth in Risk Factors under Part II, Item 1A; the Consolidated Financial Statements and the notes to the Consolidated Financial Statements, which are included in Part II, Item 8 of Occidental's 2024 Form 10-K; and the information set forth in Risk Factors under Part I, Item 1A of the 2024 Form