Company: OXY-WT
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0001628280-25-051071
Chunk: 58

Company: OCCIDENTAL PETROLEUM CORP /DE/
Filing Date: 2025-11-10
Form: 10-Q
Item: Item 8
Chunk 58
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631 65 714 Corporate and eliminations(154)(194)(491)(523)Interest and debt expense, net(270)(312)(864)(848)Income from continuing operations before income taxes$1,166 $1,594 $3,236 $4,239 Income tax expense(324)(454)(981)(1,223)Income from continuing operations$842 $1,140 $2,255 $3,016 Discontinued operations, net of tax— — — 182 Net income$842 $1,140 $2,255 $3,198 Less: Net income attributable to noncontrolling interest(12)(7)(31)(15)Less: Preferred stock dividends (169)(169)(509)(509)Net income attributable to common stockholders$661 $964 $1,715 $2,674  The following tables include a summary of significant revenue and expense line items for each segment. Items within “Significant segment expenses” align with the significant segment-level information that is regularly provided to the CODM.OIL AND GAS SEGMENT Three months ended September 30,Nine months ended September 30, millions 2025202420252024Revenues and other income  Net sales$5,404 $5,697 $16,096 $16,081 Losses on sale of assets and other, net(20)(556)(28)(546)Total$5,384 $5,141 $16,068 $15,535 Significant segment expensesOil and gas lease operating expense1,174 1,207 3,526 3,547 Transportation and gathering expense408 400 1,218 1,148 Other operating and non-operating expense261 228 862 735 Taxes other than on income243 253 765 748 Depreciation, depletion and amortization1,842 1,722 5,262 4,792 Other segment expenses (a)158 156 495 493 Total$4,086 $3,966 $12,128 $11,463 Segment income before other items$1,298 $1,175 $3,940 $4,072 Income (losses) from equity investments and other2 (10)(9)(30)Segment income from continuing operations before taxes$1,300