Company: OXY-WT
Filing Date: 2025-02-18
Form Type: 10-K
Source: 0000797468-25-000029
Chunk: 101

Company: OCCIDENTAL PETROLEUM CORP /DE/
Filing Date: 2025-02-18
Form: 10-K
Item: Item 1
Chunk 101
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 develop and produce its worldwide oil and gas reserves safely, sustainably and cost-effectively, maintain a skilled workforce and use high quality service providers. Occidental believes that its core competencies in CO2 separation, transportation, use, recycling and storage in EOR provide a competitive advantage over its peers as the world transitions to a less carbon-intensive economy and seeks to remove CO2 from the atmosphere.

PROVED RESERVES AND SALES VOLUMES

The table below shows Occidental’s year-end oil, NGL and natural gas proved reserves. See the information under Oil and Gas Segment in the Management's Discussion and Analysis section under Part II, Item 7, of this Form 10-K for details regarding Occidental’s proved reserves, the reserves estimation process, sales and production volumes, production costs and other reserves-related data.

COMPARATIVE OIL AND GAS PROVED RESERVES AND SALES VOLUMES

Oil and NGL is in MMbbl; natural gas is in Bcf.

202420232022OilNGLGasBoe(a)OilNGLGasBoe(a)OilNGLGasBoe(a)Proved Reserves United States1,832 1,060 5,394 3,791 1,600 802 4,235 3,108 1,639 654 4,073 2,972 International303 176 2,049 821 340 181 2,117 874 274 192 2,277 845 Total2,135 1,236 7,443 4,612 1,940 983 6,352 3,982 1,913 846 6,350 3,817 Sales VolumesUnited States209 102 548 402 195 90 480 365 185 83 445 342 International38 14 191 84 39 13 176 81 41 12 164 81 Total247 116 739 486 234 103 656 446 226 95 609 423 

(a)Natural gas volumes are converted to Boe at six Mcf of gas per one barrel of oil. Conversion to Boe does not necessarily result in price equivalency.

6OXY 2024 FORM 10-K

table of contentsBUSINESS AND PROPERTIES

CHEMICAL OPERATIONS

GENERAL

OxyChem owns and operates manufacturing plants at 21