Company: OXY-WT
Filing Date: 2025-02-18
Form Type: 10-K
Source: 0000797468-25-000029
Chunk: 79

Company: OCCIDENTAL PETROLEUM CORP /DE/
Filing Date: 2025-02-18
Form: 10-K
Item: Item 8
Chunk 79
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596 $5,122 $13,641 $3,086 $85,445 Year ended December 31, 2023   PP&E Additions$5,028 $551 $664 $125 $6,368 Investments in unconsolidated entities$93 $550 $2,581 $— $3,224 Total Assets$53,786 $4,682 $13,327 $2,213 $74,008 GEOGRAPHIC AREAS The following table represents Occidental’s property, plant and equipment, net by geographic area:Years Ended December 31,millions202420232022United States$62,604 $51,646 $51,706 InternationalUAE3,495 3,609 3,663 Oman2,187 2,156 2,159 Algeria618 624 350 Qatar361 393 428 Other International113 101 78 Total International6,774 6,883 6,678 Total$69,378 $58,529 $58,384 

 OXY 2024 FORM 10-K111

table of contentsSupplemental Oil and Gas Information(Unaudited)

Supplemental Oil and Gas Information

OIL AND GAS RESERVES

The following tables set forth Occidental’s net interests in quantities of proved developed and undeveloped reserves of oil, NGL and natural gas and changes in such quantities. Proved oil, NGL and natural gas reserves were estimated using the unweighted arithmetic average of the first-day-of-the-month price for each month within the year, unless prices were defined by contractual arrangements. Oil, NGL and natural gas prices used for this purpose were based on posted benchmark prices and adjusted for price differentials including gravity, quality and transportation costs. The following table shows the pricing used in the reserve analysis for the periods presented:

202420232022Average WTI Oil ($/Bbl)$75.48 $78.22 $93.67 Average Brent Oil ($/Bbl)$79.65 $82.80 $97.77 Average Henry Hub Natural Gas ($/MMbtu)$2.13 $2.64 $6.36 Average Mt. Belvieu NGL ($/Bbl)$33.04 $29.94 $47.81