Company: OXY-WT
Filing Date: 2025-02-18
Form Type: 10-K
Source: 0000797468-25-000029
Chunk: 77

Company: OCCIDENTAL PETROLEUM CORP /DE/
Filing Date: 2025-02-18
Form: 10-K
Item: Item 8
Chunk 77
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 from continuing operations$2,896 $4,696 $13,304 Discontinued operations, net of tax182 — — Net income$3,078 $4,696 $13,304 Less: Net income attributable to noncontrolling interest(22)— — Less: Preferred stock dividends and redemption premiums(679)(923)(800)Net income attributable to common stockholders$2,377 $3,773 $12,504 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 as required by the adoption of ASU 2023-07 in the fourth quarter of 2024. Intersegment expenses are included within the amounts shown.

 OXY 2024 FORM 10-K109

table of contentsFINANCIAL STATEMENTSFOOTNOTES

OIL AND GAS SEGMENT Other segment expenses include asset impairments and other charges, selling, general and administrative expense, acquisition-related costs and exploration expense:Years Ended December 31,millions 202420232022Revenues and other income   Net sales$21,705 $21,284 $27,165 Gains (losses) on sale of assets and other income(551)192 220 Total$21,154 $21,476 $27,385 Significant segment expenses Oil and gas lease operating expense4,738 4,677 4,028 Transportation and gathering expense1,583 1,427 1,393 Other operating and non-operating expense997 889 942 Taxes other than on income1,026 1,076 1,535 Depreciation, depletion and amortization6,565 6,112 6,179 Other segment expenses993 1,031 498 Total$15,902 $15,212 $14,575 Segment income before other items$5,252 $6,264 $12,810 Losses from equity investments and other(38)(24)(7)Segment income from continuing operations before taxes$5,214 $6,240 $12,803  CHEMICAL SEGMENT Other segment expenses include asset impairments and other charges, and selling, general and administrative expense:Years Ended December 31,millions 202420232022Re