XML 25 R13.htm IDEA: XBRL DOCUMENT
v3.22.2.2

Divestitures and Other Transactions | 9 Months Ended
--- | ---
Sep. 30, 2022
Discontinued Operations and Disposal Groups [Abstract] |
Divestitures and Other Transactions |
NOTE 4 - DIVESTITURES AND OTHER TRANSACTIONS
In November 2021, Occidental entered into an agreement to sell certain non-strategic assets in the Permian Basin. The transaction closed in January 2022 for net cash proceeds of approximately $190 million. The difference in the proved assets' net book value and adjusted purchase price was treated as a normal retirement, which resulted in no gain or loss being recognized. The difference in the unproved assets' net book value and adjusted purchase price resulted in a gain on sale of approximately $123 million. The gain has been presented within gains on sales of assets and equity investments, net in the Consolidated Condensed Statements of Operations.

X
- Definition Disposal Group, Including Discontinued Operations And Investments, Equity Method And Joint Ventures [Text Block] + References No definition available. + Details
Name: | oxy_DisposalGroupIncludingDiscontinuedOperationsAndInvestmentsEquityMethodAndJointVenturesTextBlock
Namespace Prefix: | oxy_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

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