Company: OXY-WT
Filing Date: 2025-02-18
Form Type: 10-K
Source: 0000797468-25-000029
Chunk: 87

Company: OCCIDENTAL PETROLEUM CORP /DE/
Filing Date: 2025-02-18
Form: 10-K
Item: Item 8
Chunk 87
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$601 $4,947 

(a)Included $30 million, $120 million and $340 million in property acquisition costs related to non-monetary exchange transactions for the years ended December 31, 2024, 2023 and 2022, respectively.

118 OXY 2024 FORM 10-K

table of contentsSupplemental Oil and Gas Information(Unaudited)

RESULTS OF OPERATIONS

Occidental’s oil and gas producing activities for continuing operations, which exclude items such as asset divestitures, corporate overhead, and interest, were as follows:

millionsUnited StatesInternationalTotalFOR THE YEAR ENDED DECEMBER 31, 2024  Revenues$17,974 $3,693 $21,667 Lease operating costs3,680 1,058 4,738 Transportation costs1,522 61 1,583 Other operating expenses1,088 268 1,356 Depreciation, depletion and amortization6,049 516 6,565 Taxes other than on income1,004 22 1,026 Exploration expenses119 156 275 Pretax income before impairments and other charges4,512 1,612 6,124 Asset impairments and other charges334 — 334 Pretax income 4,178 1,612 5,790 Income tax expense (a)885 599 1,484 Results of operations$3,293 $1,013 $4,306 FOR THE YEAR ENDED DECEMBER 31, 2023Revenues$17,494 $3,766 $21,260 Lease operating costs3,669 1,008 4,677 Transportation costs1,367 60 1,427 Other operating expenses1,058 194 1,252 Depreciation, depletion and amortization5,559 553 6,112 Taxes other than on income959 117 1,076 Exploration expenses323 118 441 Pretax income before impairments and other charges4,559 1,716 6,275 Asset impairments and other charges209 — 209 Pretax income4,350 1,716 6,066 Income tax expense (a)933 746 1,679 Results of operations$3,417