Analysis of Reportable Segments
Occidental Petroleum Corp. operates in 3 segments: Oil and gas; Chemical; and Midstream and marketing.
Segment Profit Margin
Occidental Petroleum Corp., profit margin by reportable segment
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Oil and gas | 29.32% | 47.13% | 21.88% | -73.72% | 17.52% |
| Chemical | 28.77% | 37.12% | 29.43% | 17.79% | 19.48% |
| Midstream and marketing | 0.94% | 6.60% | 8.98% | -236.14% | 5.83% |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment profit margin | Oil and gas | Oil and gas segment profit margin ratio improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023 not reaching 2021 level. |
| Chemical | Chemical segment profit margin ratio improved from 2021 to 2022 but then deteriorated significantly from 2022 to 2023. | |
| Midstream and marketing | Midstream and marketing segment profit margin ratio deteriorated from 2021 to 2022 and from 2022 to 2023. |
Segment Profit Margin: Oil and gas
Occidental Petroleum Corp.; Oil and gas; segment profit margin calculation
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Income (loss) from continuing operations before income taxes | 6,240) | 12,803) | 4,145) | (9,632) | 2,352) |
| Net sales | 21,284) | 27,165) | 18,941) | 13,066) | 13,423) |
| Segment Profitability Ratio | |||||
| Segment profit margin1 | 29.32% | 47.13% | 21.88% | -73.72% | 17.52% |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
1 2023 Calculation
Segment profit margin = 100 × Income (loss) from continuing operations before income taxes ÷ Net sales
= 100 × 6,240 ÷ 21,284 = 29.32%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment profit margin | Oil and gas | Oil and gas segment profit margin ratio improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023 not reaching 2021 level. |
Segment Profit Margin: Chemical
Occidental Petroleum Corp.; Chemical; segment profit margin calculation
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Income (loss) from continuing operations before income taxes | 1,531) | 2,508) | 1,544) | 664) | 799) |
| Net sales | 5,321) | 6,757) | 5,246) | 3,733) | 4,102) |
| Segment Profitability Ratio | |||||
| Segment profit margin1 | 28.77% | 37.12% | 29.43% | 17.79% | 19.48% |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
1 2023 Calculation
Segment profit margin = 100 × Income (loss) from continuing operations before income taxes ÷ Net sales
= 100 × 1,531 ÷ 5,321 = 28.77%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment profit margin | Chemical | Chemical segment profit margin ratio improved from 2021 to 2022 but then deteriorated significantly from 2022 to 2023. |
Segment Profit Margin: Midstream and marketing
Occidental Petroleum Corp.; Midstream and marketing; segment profit margin calculation
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Income (loss) from continuing operations before income taxes | 24) | 273) | 257) | (4,175) | 241) |
| Net sales | 2,551) | 4,136) | 2,863) | 1,768) | 4,132) |
| Segment Profitability Ratio | |||||
| Segment profit margin1 | 0.94% | 6.60% | 8.98% | -236.14% | 5.83% |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
1 2023 Calculation
Segment profit margin = 100 × Income (loss) from continuing operations before income taxes ÷ Net sales
= 100 × 24 ÷ 2,551 = 0.94%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment profit margin | Midstream and marketing | Midstream and marketing segment profit margin ratio deteriorated from 2021 to 2022 and from 2022 to 2023. |
Segment Return on Assets (Segment ROA)
Occidental Petroleum Corp., ROA by reportable segment
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Oil and gas | 11.60% | 23.68% | 7.38% | -15.31% | 3.02% |
| Chemical | 32.70% | 55.02% | 33.06% | 15.35% | 18.32% |
| Midstream and marketing | 0.18% | 2.26% | 2.31% | -42.36% | 1.41% |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment ROA | Oil and gas | Oil and gas segment ROA improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023 not reaching 2021 level. |
| Chemical | Chemical segment ROA improved from 2021 to 2022 but then deteriorated significantly from 2022 to 2023. | |
| Midstream and marketing | Midstream and marketing segment ROA deteriorated from 2021 to 2022 and from 2022 to 2023. |
Segment ROA: Oil and gas
Occidental Petroleum Corp.; Oil and gas; segment ROA calculation
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Income (loss) from continuing operations before income taxes | 6,240) | 12,803) | 4,145) | (9,632) | 2,352) |
| Total assets | 53,786) | 54,058) | 56,132) | 62,931) | 77,936) |
| Segment Profitability Ratio | |||||
| Segment ROA1 | 11.60% | 23.68% | 7.38% | -15.31% | 3.02% |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
1 2023 Calculation
Segment ROA = 100 × Income (loss) from continuing operations before income taxes ÷ Total assets
= 100 × 6,240 ÷ 53,786 = 11.60%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment ROA | Oil and gas | Oil and gas segment ROA improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023 not reaching 2021 level. |
Segment ROA: Chemical
Occidental Petroleum Corp.; Chemical; segment ROA calculation
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Income (loss) from continuing operations before income taxes | 1,531) | 2,508) | 1,544) | 664) | 799) |
| Total assets | 4,682) | 4,558) | 4,671) | 4,326) | 4,361) |
| Segment Profitability Ratio | |||||
| Segment ROA1 | 32.70% | 55.02% | 33.06% | 15.35% | 18.32% |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
1 2023 Calculation
Segment ROA = 100 × Income (loss) from continuing operations before income taxes ÷ Total assets
= 100 × 1,531 ÷ 4,682 = 32.70%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment ROA | Chemical | Chemical segment ROA improved from 2021 to 2022 but then deteriorated significantly from 2022 to 2023. |
Segment ROA: Midstream and marketing
Occidental Petroleum Corp.; Midstream and marketing; segment ROA calculation
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Income (loss) from continuing operations before income taxes | 24) | 273) | 257) | (4,175) | 241) |
| Total assets | 13,327) | 12,076) | 11,132) | 9,856) | 17,055) |
| Segment Profitability Ratio | |||||
| Segment ROA1 | 0.18% | 2.26% | 2.31% | -42.36% | 1.41% |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
1 2023 Calculation
Segment ROA = 100 × Income (loss) from continuing operations before income taxes ÷ Total assets
= 100 × 24 ÷ 13,327 = 0.18%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment ROA | Midstream and marketing | Midstream and marketing segment ROA deteriorated from 2021 to 2022 and from 2022 to 2023. |
Segment Asset Turnover
Occidental Petroleum Corp., asset turnover by reportable segment
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Oil and gas | 0.40 | 0.50 | 0.34 | 0.21 | 0.17 |
| Chemical | 1.14 | 1.48 | 1.12 | 0.86 | 0.94 |
| Midstream and marketing | 0.19 | 0.34 | 0.26 | 0.18 | 0.24 |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
| Segment activity ratio | Reportable segment | The company |
|---|---|---|
| Segment asset turnover | Oil and gas | Oil and gas segment asset turnover ratio improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023 not reaching 2021 level. |
| Chemical | Chemical segment asset turnover ratio improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023 not reaching 2021 level. | |
| Midstream and marketing | Midstream and marketing segment asset turnover ratio improved from 2021 to 2022 but then deteriorated significantly from 2022 to 2023. |
Segment Asset Turnover: Oil and gas
Occidental Petroleum Corp.; Oil and gas; segment asset turnover calculation
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Net sales | 21,284) | 27,165) | 18,941) | 13,066) | 13,423) |
| Total assets | 53,786) | 54,058) | 56,132) | 62,931) | 77,936) |
| Segment Activity Ratio | |||||
| Segment asset turnover1 | 0.40 | 0.50 | 0.34 | 0.21 | 0.17 |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
1 2023 Calculation
Segment asset turnover = Net sales ÷ Total assets
= 21,284 ÷ 53,786 = 0.40
| Segment activity ratio | Reportable segment | The company |
|---|---|---|
| Segment asset turnover | Oil and gas | Oil and gas segment asset turnover ratio improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023 not reaching 2021 level. |
Segment Asset Turnover: Chemical
Occidental Petroleum Corp.; Chemical; segment asset turnover calculation
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Net sales | 5,321) | 6,757) | 5,246) | 3,733) | 4,102) |
| Total assets | 4,682) | 4,558) | 4,671) | 4,326) | 4,361) |
| Segment Activity Ratio | |||||
| Segment asset turnover1 | 1.14 | 1.48 | 1.12 | 0.86 | 0.94 |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
1 2023 Calculation
Segment asset turnover = Net sales ÷ Total assets
= 5,321 ÷ 4,682 = 1.14
| Segment activity ratio | Reportable segment | The company |
|---|---|---|
| Segment asset turnover | Chemical | Chemical segment asset turnover ratio improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023 not reaching 2021 level. |
Segment Asset Turnover: Midstream and marketing
Occidental Petroleum Corp.; Midstream and marketing; segment asset turnover calculation
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Net sales | 2,551) | 4,136) | 2,863) | 1,768) | 4,132) |
| Total assets | 13,327) | 12,076) | 11,132) | 9,856) | 17,055) |
| Segment Activity Ratio | |||||
| Segment asset turnover1 | 0.19 | 0.34 | 0.26 | 0.18 | 0.24 |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
1 2023 Calculation
Segment asset turnover = Net sales ÷ Total assets
= 2,551 ÷ 13,327 = 0.19
| Segment activity ratio | Reportable segment | The company |
|---|---|---|
| Segment asset turnover | Midstream and marketing | Midstream and marketing segment asset turnover ratio improved from 2021 to 2022 but then deteriorated significantly from 2022 to 2023. |
Segment Capital Expenditures to Depreciation
Occidental Petroleum Corp., capital expenditures to depreciation by reportable segment
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Oil and gas | 0.82 | 0.63 | 0.32 | 0.31 | 1.11 |
| Chemical | 1.55 | 0.89 | 0.92 | 0.73 | 0.74 |
| Midstream and marketing | 2.04 | 0.82 | 0.33 | 0.16 | 0.84 |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
| Segment financial ratio | Reportable segment | The company |
|---|---|---|
| Segment capital expenditures to depreciation | Oil and gas | Oil and gas segment capital expenditures to depreciation ratio improved from 2021 to 2022 and from 2022 to 2023. |
| Chemical | Chemical segment capital expenditures to depreciation ratio deteriorated from 2021 to 2022 but then improved from 2022 to 2023 exceeding 2021 level. | |
| Midstream and marketing | Midstream and marketing segment capital expenditures to depreciation ratio improved from 2021 to 2022 and from 2022 to 2023. |
Segment Capital Expenditures to Depreciation: Oil and gas
Occidental Petroleum Corp.; Oil and gas; segment capital expenditures to depreciation calculation
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Property, plant and equipment additions | 5,028) | 3,898) | 2,458) | 2,279) | 5,559) |
| Depreciation, depletion and amortization | 6,112) | 6,179) | 7,741) | 7,414) | 4,994) |
| Segment Financial Ratio | |||||
| Segment capital expenditures to depreciation1 | 0.82 | 0.63 | 0.32 | 0.31 | 1.11 |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
1 2023 Calculation
Segment capital expenditures to depreciation = Property, plant and equipment additions ÷ Depreciation, depletion and amortization
= 5,028 ÷ 6,112 = 0.82
| Segment financial ratio | Reportable segment | The company |
|---|---|---|
| Segment capital expenditures to depreciation | Oil and gas | Oil and gas segment capital expenditures to depreciation ratio improved from 2021 to 2022 and from 2022 to 2023. |
Segment Capital Expenditures to Depreciation: Chemical
Occidental Petroleum Corp.; Chemical; segment capital expenditures to depreciation calculation
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Property, plant and equipment additions | 551) | 331) | 316) | 261) | 272) |
| Depreciation, depletion and amortization | 356) | 370) | 343) | 356) | 368) |
| Segment Financial Ratio | |||||
| Segment capital expenditures to depreciation1 | 1.55 | 0.89 | 0.92 | 0.73 | 0.74 |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
1 2023 Calculation
Segment capital expenditures to depreciation = Property, plant and equipment additions ÷ Depreciation, depletion and amortization
= 551 ÷ 356 = 1.55
| Segment financial ratio | Reportable segment | The company |
|---|---|---|
| Segment capital expenditures to depreciation | Chemical | Chemical segment capital expenditures to depreciation ratio deteriorated from 2021 to 2022 but then improved from 2022 to 2023 exceeding 2021 level. |
Segment Capital Expenditures to Depreciation: Midstream and marketing
Occidental Petroleum Corp.; Midstream and marketing; segment capital expenditures to depreciation calculation
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Property, plant and equipment additions | 664) | 270) | 107) | 50) | 475) |
| Depreciation, depletion and amortization | 326) | 328) | 325) | 312) | 563) |
| Segment Financial Ratio | |||||
| Segment capital expenditures to depreciation1 | 2.04 | 0.82 | 0.33 | 0.16 | 0.84 |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
1 2023 Calculation
Segment capital expenditures to depreciation = Property, plant and equipment additions ÷ Depreciation, depletion and amortization
= 664 ÷ 326 = 2.04
| Segment financial ratio | Reportable segment | The company |
|---|---|---|
| Segment capital expenditures to depreciation | Midstream and marketing | Midstream and marketing segment capital expenditures to depreciation ratio improved from 2021 to 2022 and from 2022 to 2023. |
Net sales
Occidental Petroleum Corp., net sales by reportable segment
US$ in millions
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Oil and gas | 21,284) | 27,165) | 18,941) | 13,066) | 13,423) |
| Chemical | 5,321) | 6,757) | 5,246) | 3,733) | 4,102) |
| Midstream and marketing | 2,551) | 4,136) | 2,863) | 1,768) | 4,132) |
| Corporate and eliminations | (899) | (1,424) | (1,094) | (758) | (1,264) |
| Total | 28,257) | 36,634) | 25,956) | 17,809) | 20,393) |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
Income (loss) from continuing operations before income taxes
Occidental Petroleum Corp., income (loss) from continuing operations before income taxes by reportable segment
US$ in millions
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Oil and gas | 6,240) | 12,803) | 4,145) | (9,632) | 2,352) |
| Chemical | 1,531) | 2,508) | 1,544) | 664) | 799) |
| Midstream and marketing | 24) | 273) | 257) | (4,175) | 241) |
| Corporate and eliminations | (1,366) | (1,467) | (2,241) | (2,562) | (3,206) |
| Total | 6,429) | 14,117) | 3,705) | (15,705) | 186) |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
Property, plant and equipment additions
Occidental Petroleum Corp., property, plant and equipment additions by reportable segment
US$ in millions
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Oil and gas | 5,028) | 3,898) | 2,458) | 2,279) | 5,559) |
| Chemical | 551) | 331) | 316) | 261) | 272) |
| Midstream and marketing | 664) | 270) | 107) | 50) | 475) |
| Corporate and eliminations | 125) | 67) | 50) | 29) | 135) |
| Total | 6,368) | 4,566) | 2,931) | 2,619) | 6,441) |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
Depreciation, depletion and amortization
Occidental Petroleum Corp., depreciation, depletion and amortization by reportable segment
US$ in millions
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Oil and gas | 6,112) | 6,179) | 7,741) | 7,414) | 4,994) |
| Chemical | 356) | 370) | 343) | 356) | 368) |
| Midstream and marketing | 326) | 328) | 325) | 312) | 563) |
| Corporate and eliminations | 71) | 49) | 38) | 15) | 56) |
| Total | 6,865) | 6,926) | 8,447) | 8,097) | 5,981) |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
Total assets
Occidental Petroleum Corp., total assets by reportable segment
US$ in millions
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Oil and gas | 53,786) | 54,058) | 56,132) | 62,931) | 77,936) |
| Chemical | 4,682) | 4,558) | 4,671) | 4,326) | 4,361) |
| Midstream and marketing | 13,327) | 12,076) | 11,132) | 9,856) | 17,055) |
| Corporate and eliminations | 2,213) | 1,917) | 3,101) | 2,951) | 9,978) |
| Total | 74,008) | 72,609) | 75,036) | 80,064) | 109,330) |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).