v3.25.2
REVENUE (Tables)
6 Months Ended
Jun. 30, 2025
Revenue from Contract with Customer [Abstract]  
Schedule of Reconciliation of Revenue from Customers to Total Net Sales
The following table shows a reconciliation of revenue from customers to total net sales for the three and six months ended June 30, 2025 and 2024:

Three months ended June 30,Six months ended June 30,
millions2025202420252024
Revenue from customers$6,318 $6,802 $13,229 $13,533 
All other revenues (a)
96 15 (12)(741)
Net sales$6,414 $6,817 $13,217 $12,792 
(a)    Includes other net revenues from the midstream and marketing segment and chemical segment.
Schedule of Revenue from Customers by Segment, Product, and Geographical Area
The table below presents Occidental's revenue from customers by segment, product and geographical area. The oil and gas segment typically sells its oil, NGL and gas at the lease or concession area. Chemical segment revenues are shown by geographic area based on the location of the sale. Midstream and marketing segment revenues are shown by the location of sale:

millionsUnited StatesInternationalEliminationsTotal
Three months ended June 30, 2025
Oil and gas
Oil$3,456 $690 $ $4,146 
NGL457 86  543 
Gas205 88  293 
Other26 1  27 
Segment total$4,144 $865 $ $5,009 
Chemical$1,152 $74 $ $1,226 
Midstream and marketing$170 $161 $ $331 
Eliminations$ $ $(248)$(248)
Consolidated$5,466 $1,100 $(248)$6,318 
millionsUnited StatesInternationalEliminationsTotal
Three months ended June 30, 2024
Oil and gas
Oil$4,011 $761 $— $4,772 
NGL403 97 — 500 
Gas67 91 — 158 
Other39 — — 39 
Segment total$4,520 $949 $— $5,469 
Chemical$1,203 $70 $— $1,273 
Midstream and marketing$172 $96 $— $268 
Eliminations$— $— $(208)$(208)
Consolidated$5,895 $1,115 $(208)$6,802 
millionsUnited StatesInternationalEliminationsTotal
Six months ended June 30, 2025
Oil and gas
Oil$7,286 $1,365 $ $8,651 
NGL1,035 182  1,217 
Gas586 172  758 
Other64 2  66 
Segment total$8,971 $1,721 $ $10,692 
Chemical$2,266 $147 $ $2,413 
Midstream and marketing$344 $299 $ $643 
Eliminations$ $ $(519)$(519)
Consolidated$11,581 $2,167 $(519)$13,229 
        
millionsUnited StatesInternationalEliminationsTotal
Six months ended June 30, 2024
Oil and gas
Oil$7,360 $1,533 $— $8,893 
NGL819 196 — 1,015 
Gas254 178 — 432 
Other44 — — 44 
Segment total$8,477 $1,907 $— $10,384 
Chemical$2,318 $140 $— $2,458 
Midstream and marketing$932 $192 $— $1,124 
Eliminations$— $— $(433)$(433)
Consolidated$11,727 $2,239 $(433)$13,533