Company: OXY-WT
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0001628280-25-051071
Chunk: 85

Company: OCCIDENTAL PETROLEUM CORP /DE/
Filing Date: 2025-11-10
Form: 10-Q
Item: Item 2
Chunk 85
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 and marketing. The oil and gas segment explores for, develops and produces oil and condensate, NGL and natural gas. The chemical segment is operated by our subsidiary OxyChem, which mainly manufactures and markets basic chemicals and vinyls. The midstream and marketing segment purchases, markets, gathers, processes, transports and stores oil (which includes condensate), NGL, natural gas, CO2 and power. It also optimizes its transportation and storage capacity and invests in entities that conduct similar activities such as WES. 

The midstream and marketing segment also includes Occidental's low-carbon ventures businesses. Occidental's low-carbon ventures businesses seek to leverage Occidental’s legacy of carbon management experience to develop carbon capture, utilization and sequestration projects, including the commercialization of direct air capture technology, invest in other low-carbon technologies intended to reduce greenhouse gas emissions from Occidental's operations and strategically partner with other industries to help reduce their emissions.

OIL AND GAS SEGMENT

The following table sets forth the average sales volumes per day for oil and NGL in Mbbl and for natural gas in MMcf:

Three months endedNine months endedSeptember 30, 2025June 30, 2025September 30, 2025September 30, 2024Sales Volumes per DayOil (Mbbl)United States634 604 614 551 International114 110 109 104 NGL (Mbbl)United States 298 279 284 266 International39 37 38 38 Natural Gas (MMcf)United States 1,770 1,701 1,736 1,423 International528 500 509 516 Total Sales Volumes (Mboe) (a)1,468 1,397 1,419 1,282 

(a)    Natural gas volumes have been converted to Boe based on energy content of six Mcf of gas to one barrel of oil. Conversion to Boe does not necessarily result in price equivalency.

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The following table presents information about Occidental's average realized prices and index prices:

Three months endedNine months endedSeptember 30, 2025June 30, 2025September 30, 2025September 30, 2024Average Realized PricesOil ($/Bbl)United States$64.55$62.83$66.01$76.68International$66.03$68