XML 71 R41.htm IDEA: XBRL DOCUMENT
v3.6.0.2

INDUSTRY SEGMENTS AND GEOGRAPHIC AREAS (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2016
INDUSTRY SEGMENTS AND GEOGRAPHIC AREAS |
Industry segment and corporate disclosures |
(in millions) |  | Oil and Gas |  | Chemical |  | Midstream and Marketing |  | Corporate and Eliminations |  | Total
Year ended December 31, 2016 |  |  |  |  |  |  |  |  |  |
Net sales |  | $ | 6,377 |  | (a) | $ | 3,756 |  | (b) | $ | 684 |  | (c) | $ | (727 | ) |  | $ | 10,090 |
Pretax operating profit (loss) |  | $ | (636 | ) | (d) | $ | 571 |  | (e) | $ | (381 | ) | (f) | $ | (1,218 | ) | (g) | $ | (1,664 | )
Income taxes |  | — |  |  | — |  |  | — |  |  | 662 |  | (h) | 662 |
Discontinued operations, net |  | — |  |  | — |  |  | — |  |  | 428 |  | (i) | 428 |
Net income (loss) attributable to common stock |  | $ | (636 | ) |  | $ | 571 |  |  | $ | (381 | ) |  | $ | (128 | ) |  | $ | (574 | )
Investments in unconsolidated entities |  | $ | — |  |  | $ | 730 |  |  | $ | 666 |  |  | $ | 5 |  |  | $ | 1,401 |
Property, plant and equipment additions, net (k) |  | $ | 1,998 |  |  | $ | 353 |  |  | $ | 370 |  |  | $ | 59 |  |  | $ | 2,780 |
Depreciation, depletion and amortization |  | $ | 3,575 |  |  | $ | 340 |  |  | $ | 313 |  |  | $ | 40 |  |  | $ | 4,268 |
Total assets |  | $ | 24,130 |  |  | $ | 4,348 |  |  | $ | 11,059 |  |  | $ | 3,572 |  |  | $ | 43,109 |
Year ended December 31, 2015 |  |  |  |  |  |  |  |  |  |
Net sales |  | $ | 8,304 |  | (a) | $ | 3,945 |  | (b) | $ | 891 |  | (c) | $ | (660 | ) |  | $ | 12,480 |
Pretax operating profit (loss) |  | $ | (8,060 | ) | (d) | $ | 542 |  | (e) | $ | (1,194 | ) | (f) | $ | (764 | ) | (g) | $ | (9,476 | )
Income taxes |  | — |  |  | — |  |  | — |  |  | 1,330 |  | (j) | 1,330 |
Discontinued operations, net |  | $ | — |  |  | — |  |  | — |  |  | 317 |  | (i) | 317 |
Net income (loss) attributable to common stock |  | $ | (8,060 | ) |  | $ | 542 |  |  | $ | (1,194 | ) |  | $ | 883 |  |  | $ | (7,829 | )
Investments in unconsolidated entities |  | $ | 4 |  |  | $ | 550 |  |  | $ | 708 |  |  | $ | 5 |  |  | $ | 1,267 |
Property, plant and equipment additions, net (k) |  | $ | 4,485 |  |  | $ | 271 |  |  | $ | 611 |  |  | $ | 42 |  |  | $ | 5,409 |
Depreciation, depletion and amortization |  | $ | 3,886 |  |  | $ | 371 |  |  | $ | 249 |  |  | $ | 38 |  |  | $ | 4,544 |
Total assets |  | $ | 23,591 |  |  | $ | 3,982 |  |  | $ | 10,175 |  |  | $ | 5,661 |  |  | $ | 43,409 |
Year ended December 31, 2014 |  |  |  |  |  |  |  |  |  |
Net sales |  | $ | 13,887 |  | (a) | $ | 4,817 |  | (b) | $ | 1,373 |  | (c) | $ | (765 | ) |  | $ | 19,312 |
Pretax operating profit (loss) |  | $ | 428 |  | (d) | $ | 420 |  | (e) | $ | 2,578 |  | (f) | $ | (1,871 | ) | (g) | $ | 1,555 |
Net income attributable to noncontrolling interest |  |  |  |  |  | (14 | ) |  |  |  | (14 | )
Income taxes |  |  |  |  |  |  |  | (1,685 | ) | (h) | (1,685 | )
Discontinued operations, net |  | — |  |  | — |  |  | — |  |  | 760 |  | (j) | 760 |
Net income (loss) attributable to common stock |  | $ | 428 |  |  | $ | 420 |  |  | $ | 2,564 |  |  | $ | (2,796 | ) |  | $ | 616 |
Investments in unconsolidated entities |  | $ | 11 |  |  | $ | 202 |  |  | $ | 948 |  |  | $ | 10 |  |  | $ | 1,171 |
Property, plant and equipment additions, net (l) |  | $ | 6,589 |  |  | $ | 325 |  |  | $ | 2,093 |  |  | $ | 103 |  |  | $ | 9,110 |
Depreciation, depletion and amortization |  | $ | 3,701 |  |  | $ | 367 |  |  | $ | 160 |  |  | $ | 33 |  |  | $ | 4,261 |
Total assets |  | $ | 31,072 |  |  | $ | 3,917 |  |  | $ | 12,283 |  |  | $ | 8,965 |  |  | $ | 56,237 |
(See footnotes on next page) |  |  |  |  |  |  |  |  |  |
Footnotes: (a) Oil sales represented approximately 90 percent of the oil and gas segment net sales for the years ended December 31, 2016, 2015 and 2014. (b) Net sales for the chemical segment comprised the following products:
|  | Basic Chemicals |  | Vinyls |  | Other Chemicals
Year ended December 31, 2016 |  | 57% |  | 40% |  | 3%
Year ended December 31, 2015 |  | 56% |  | 40% |  | 4%
Year ended December 31, 2014 |  | 54% |  | 43% |  | 3%
(c) Net sales for the midstream and marketing segment comprised the following:
|  | Gas Processing |  | Power |  | Marketing, Transportation and other *
Year ended December 31, 2016 |  | 92% |  | 44% |  | (36)%
Year ended December 31, 2015 |  | 70% |  | 31% |  | (1)%
Year ended December 31, 2014 |  | 49% |  | 31% |  | 20%
* Revenue from all marketing activities is reported on a net basis. (d) The 2016 amount includes pre-tax asset sale gains of $121 million and $59 million related to Piceance and South Texas oil and gas properties, pre-tax charges of $61 million related to the sale of Libya and the exit from Iraq, and pre-tax gain of $24 million for other related items. The 2015 amount includes pre-tax charges of $5 billion for impairment of international oil and gas assets and related items and $3.5 billion for the impairment of domestic oil and gas assets and related items. The 2014 amount includes pre-tax charges of $4.7 billion for the impairment of domestic oil and gas assets, pre-tax charges of $1.1 billion for the impairment of foreign oil and gas assets, and pre-tax gain of $531 million for the sale of the Hugoton field. (e) The 2016 amount includes gain on sale of $57 million and $31 million related to Occidental Tower in Dallas, Texas and a non-core specialty chemicals business, respectively. The 2015 amount includes the pre-tax charge of $121 million related to asset impairment partially offset by a $98 million gain on sale of an idled facility. The 2014 amount includes the pre-tax charge of $149 million related to asset impairment. (f) The 2016 amount includes pre-tax charges of $160 million related to the termination of crude oil supply contracts. The 2015 amount includes pre-tax charges of $1.3 billion related to asset impairments and related items. The 2014 amount includes pre-tax gains of $633 million and $1,351 million for the sales of BridgeTex Pipeline and a portion of an investment in Plains Pipeline, respectively, and other charges of $31 million. (g) Includes unallocated net interest expense, administration expense, environmental remediation and other pre-tax items noted in footnote (k) below. (h) Includes all foreign and domestic income taxes from continuing operations. (i) Includes discontinued operations from Ecuador. (j) Includes discontinued operations from Ecuador and California Resources. (k) Includes the following significant items affecting earnings for the years ended December 31:
Benefit (Charge) (in millions) |  | 2016 |  | 2015 |  | 2014
CORPORATE |  |  |  |  |  |
Pre-tax operating profit (loss) |  |  |  |  |  |
Asset sale losses |  | $ | — |  |  | $ | (8 | ) |  | $ | — |
Asset impairments and related items |  | (619 | ) |  | (235 | ) |  | (1,358 | )
Severance, spin-off and other |  | — |  |  | (118 | ) |  | (61 | )
|  | $ | (619 | ) |  | $ | (361 | ) |  | $ | (1,419 | )
Income taxes |  |  |  |  |  |
Tax effect of pre-tax and other adjustments * |  | $ | 424 |  |  | $ | 1,903 |  |  | $ | 927 |
* Amounts represent the tax effect of the pre-tax adjustments listed in this note, as well as those in footnotes (d), (e) and (f). (l) Includes capital expenditures and capitalized interest, but excludes acquisition and disposition of assets.
Net product sales for the chemical segment |
|  | Basic Chemicals |  | Vinyls |  | Other Chemicals
Year ended December 31, 2016 |  | 57% |  | 40% |  | 3%
Year ended December 31, 2015 |  | 56% |  | 40% |  | 4%
Year ended December 31, 2014 |  | 54% |  | 43% |  | 3%
Net sales for the midstream and marketing segment |
|  | Gas Processing |  | Power |  | Marketing, Transportation and other *
Year ended December 31, 2016 |  | 92% |  | 44% |  | (36)%
Year ended December 31, 2015 |  | 70% |  | 31% |  | (1)%
Year ended December 31, 2014 |  | 49% |  | 31% |  | 20%
* Revenue from all marketing activities is reported on a net basis.
Significant items affecting earnings included in the Corporate segment |
Benefit (Charge) (in millions) |  | 2016 |  | 2015 |  | 2014
CORPORATE |  |  |  |  |  |
Pre-tax operating profit (loss) |  |  |  |  |  |
Asset sale losses |  | $ | — |  |  | $ | (8 | ) |  | $ | — |
Asset impairments |  | (619 | ) |  | (235 | ) |  | (1,358 | )
Severance, spin-off and other |  | — |  |  | (118 | ) |  | (61 | )
|  | $ | (619 | ) |  | $ | (361 | ) |  | $ | (1,419 | )
Income taxes |  |  |  |  |  |
Tax effect of pre-tax and other adjustments * |  | $ | 424 |  |  | $ | 1,903 |  |  | $ | 927 |
* Amounts represent the tax effect of the pre-tax adjustments listed in this note, as well as those in footnotes (d), (e) and (f).
Net sales and property, plant and equipment, net by geographic areas |
(in millions) |  | Net sales (a) |  | Property, plant and equipment, net
For the years ended December 31, |  | 2016 |  | 2015 |  | 2014 |  | 2016 |  | 2015 |  | 2014
United States |  | $ | 6,290 |  |  | $ | 7,479 |  |  | $ | 11,943 |  |  | $ | 24,004 |  |  | $ | 23,265 |  |  | $ | 26,673 |
Foreign |  |  |  |  |  |  |  |  |  |  |  |
Oman |  | 1,101 |  |  | 1,631 |  |  | 2,524 |  |  | 1,858 |  |  | 1,292 |  |  | 2,876 |
Qatar |  | 1,206 |  |  | 1,449 |  |  | 2,803 |  |  | 1,299 |  |  | 1,354 |  |  | 2,605 |
Colombia |  | 463 |  |  | 570 |  |  | 938 |  |  | 741 |  |  | 821 |  |  | 1,396 |
United Arab Emirates |  | 664 |  |  | 477 |  |  | — |  |  | 4,373 |  |  | 4,484 |  |  | 4,312 |
Other Foreign |  | 366 |  |  | 874 |  |  | 1,104 |  |  | 62 |  |  | 423 |  |  | 1,868 |
Total Foreign |  | 3,800 |  |  | 5,001 |  |  | 7,369 |  |  | 8,333 |  |  | 8,374 |  |  | 13,057 |
Total |  | $ | 10,090 |  |  | $ | 12,480 |  |  | $ | 19,312 |  |  | $ | 32,337 |  |  | $ | 31,639 |  |  | $ | 39,730 |
(a) Sales are shown by individual country based on the location of the entity making the sale.

X
- Definition Disclosure of net sales and property, plant and equipment, net by geographic areas. + References No definition available. + Details
Name: | oxy_ScheduleOfNetSalesAndPropertyPlantEquipmentByGeographicSegmentTableTextBlock
Namespace Prefix: | oxy_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Disclosure of percentage of product revenue to total sales of reported segment. + References No definition available. + Details
Name: | oxy_ScheduleOfPercentageOfProductRevenueToTotalSalesOfReportedSegmentTableTextBlock
Namespace Prefix: | oxy_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Disclosure of percentage of sales by types of operations to total sales of reported segment. + References No definition available. + Details
Name: | oxy_ScheduleOfPercentageOfTotalSalesOfReportedSegmentTableTextBlock
Namespace Prefix: | oxy_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Disclosure of significant items and tax effects included in Corporate. + References No definition available. + Details
Name: | oxy_ScheduleOfSignificantItemsIncludedInCorporateTableTextBlock
Namespace Prefix: | oxy_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8906-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8813-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=35741047&loc=d3e13816-109267 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8736-108599 + Details
Name: | us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration