Company: OXY-WT
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0000797468-25-000076
Chunk: 49

Company: OCCIDENTAL PETROLEUM CORP /DE/
Filing Date: 2025-05-07
Form: 10-Q
Item: Item 8
Chunk 49
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,957 $958 $— $4,915 Chemical$1,115 $70 $— $1,185 Midstream and marketing$760 $96 $— $856 Eliminations$— $— $(225)$(225)Consolidated$5,832 $1,124 $(225)$6,731 

NOTE 3 - INVENTORIESFinished goods primarily represent 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. As of March 31, 2025 and December 31, 2024, inventories consisted of the following: millionsMarch 31, 2025December 31, 2024Raw materials$110 $113 Materials and supplies1,274 1,279 Commodity inventory and finished goods848 796 2,232 2,188 Revaluation to LIFO(93)(93)Total$2,139 $2,095 

10

NOTE 4 - LONG-TERM DEBTAs of March 31, 2025 and December 31, 2024, Occidental’s debt consisted of the following:millionsMarch 31, 2025December 31, 20245.500% senior notes due 2025$— $465 5.875% senior notes due 2025536 536 5.550% senior notes due 2026870 870 3.200% senior notes due 2026182 182 3.400% senior notes due 2026284 284 Two-year term loan due 2026 (6.039% and 6.249% as of March 31, 2025 and December 31, 2024, respectively)2,650 2,700 7.500% debentures due 2026112 112 8.500% senior notes due 2027489 489 3.000% senior notes due 2027216 216 7.125% debentures due 2027150 150 7.000% debentures due 202748 48 5.000% senior notes due 2027600 600 6.625% debentures due 202814 14 7.150% debentures due 2028232