Company: OXY-WT
Filing Date: 2025-02-18
Form Type: 10-K
Source: 0000797468-25-000029
Chunk: 86

Company: OCCIDENTAL PETROLEUM CORP /DE/
Filing Date: 2025-02-18
Form: 10-K
Item: Item 8
Chunk 86
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ization(42,102)(12,940)(55,042)Unproved properties valuation(4,233)— (4,233)Total Accumulated depreciation, depletion and amortization(46,335)(12,940)(59,275)Net capitalized costs$46,151 $3,788 $49,939 December 31, 2022Proved properties$71,314 $15,733 $87,047 Unproved properties17,251 189 17,440 Total capitalized costs (a)88,565 15,922 104,487 Proved properties depreciation, depletion and amortization(36,727)(12,373)(49,100)Unproved properties valuation(4,781)(27)(4,808)Total Accumulated depreciation, depletion and amortization(41,508)(12,400)(53,908)Net capitalized costs$47,057 $3,522 $50,579 

(a)Included acquisition costs, development costs, capitalized interest and AROs. 

 OXY 2024 FORM 10-K117

table of contentsSupplemental Oil and Gas Information(Unaudited)

COSTS INCURRED

Costs incurred in oil and gas property acquisition, exploration and development activities, whether capitalized or expensed, were as follows:

millionsUnited StatesInternationalTotalFor the year ended December 31, 2024  Property acquisition costs (a)  Proved properties$8,963 $8 $8,971 Unproved properties3,178 — 3,178 Exploration costs544 180 724 Development costs4,584 500 5,084 Costs incurred $17,269 $688 $17,957 For the year ended December 31, 2023Property acquisition costs (a)Proved properties$112 $288 $400 Unproved properties143 — 143 Exploration costs743 150 893 Development costs3,957 543 4,500 Costs incurred$4,955 $981 $5,936 For the year ended December 31, 2022Property acquisition costs (a)Proved properties$496 $3 $499 Unproved properties488 — 488 Exploration costs279 175 454 Development costs3,083 423 3,506 Costs incurred$4,346