Company: OXY-WT
Filing Date: 2025-02-18
Form Type: 10-K
Source: 0000797468-25-000029
Chunk: 34

Company: OCCIDENTAL PETROLEUM CORP /DE/
Filing Date: 2025-02-18
Form: 10-K
Item: Item 8
Chunk 34
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— $21,284 Chemical$5,002 $313 $— $5,315 Midstream and marketing$2,216 $409 $— $2,625 Eliminations$— $— $(899)$(899)Consolidated$24,736 $4,488 $(899)$28,325 Year ended December 31, 2022Oil and gasOil$17,421 $3,935 $— $21,356 NGL2,631 421 — 3,052 Gas2,422 311 — 2,733 Other20 4 — 24 Segment total$22,494 $4,671 $— $27,165 Chemical$6,359 $379 $— $6,738 Midstream and marketing$3,167 $588 $— $3,755 Eliminations$— $— $(1,424)$(1,424)Consolidated$32,020 $5,638 $(1,424)$36,234 

80 OXY 2024 FORM 10-K

table of contentsFINANCIAL STATEMENTSFOOTNOTES

NOTE 3 - INVENTORIESFinished goods primarily represents oil, which is carried at the lower of weighted-average cost or net realizable value, and caustic soda and chlorine, which are valued under the LIFO method. Inventories consisted of the following as of December 31:millions20242023Raw materials$113 $115 Materials and supplies1,279 988 Commodity inventory and finished goods796 1,027 2,188 2,130 Revaluation to LIFO(93)(108)Total$2,095 $2,022 

NOTE 4 - INVESTMENTS AND RELATED-PARTY TRANSACTIONSEQUITY INVESTMENTSThe following table represents significant investments in unconsolidated entities as of December 31, 2024: millions% Economic InterestCarrying amountWES (a)46.0 %$1,850 OxyChem Ingleside Facility50.0 %503 NET Power41.6 %488 DEL(b)24.5 %— Othervarious318 Total Investments in unconsolidated entities $3,159 (a)