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REVENUE (Tables) | 6 Months Ended
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Jun. 30, 2024
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, 2024 and 2023:
| Three months ended June 30, | Six months ended June 30,
millions | 2024 | 2023 | 2024 | 2023
Revenue from customers | $ | 6,802 |  | $ | 6,601 |  | $ | 13,533 |  | $ | 13,716 |
All other revenues (a) | 15 |  | 101 |  | (741) |  | 211 |
Net sales | $ | 6,817 |  | $ | 6,702 |  | $ | 12,792 |  | $ | 13,927 |
(a) Includes other 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. Excluding net marketing revenue, midstream and marketing segment revenues are shown by the location of sale:
millions | United States | International | Eliminations | Total
Three months ended June 30, 2024 |  |  |  |
Oil and gas |  |  |  |
Oil | $ | 4,011 |  | $ | 761 |  | $ | — |  | $ | 4,772 |
NGL | 403 |  | 97 |  | — |  | 500 |
Gas | 67 |  | 91 |  | — |  | 158 |
Other | 39 |  | — |  | — |  | 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 |
millions | United States | International | Eliminations | Total
Three months ended June 30, 2023 |  |  |  |
Oil and gas |  |  |  |
Oil | $ | 3,446 |  | $ | 795 |  | $ | — |  | $ | 4,241 |
NGL | 352 |  | 90 |  | — |  | 442 |
Gas | 161 |  | 87 |  | — |  | 248 |
Other | 10 |  | — |  | — |  | 10 |
Segment total | $ | 3,969 |  | $ | 972 |  | $ | — |  | $ | 4,941 |
Chemical | $ | 1,292 |  | $ | 82 |  | $ | — |  | $ | 1,374 |
Midstream and marketing | $ | 421 |  | $ | 95 |  | $ | — |  | $ | 516 |
Eliminations | $ | — |  | $ | — |  | $ | (230) |  | $ | (230) |
Consolidated | $ | 5,682 |  | $ | 1,149 |  | $ | (230) |  | $ | 6,601 |
millions | United States | International | Eliminations | Total
Six months ended June 30, 2024 |  |  |  |
Oil and gas |  |  |  |
Oil | $ | 7,360 |  | $ | 1,533 |  | $ | — |  | $ | 8,893 |
NGL | 819 |  | 196 |  | — |  | 1,015 |
Gas | 254 |  | 178 |  | — |  | 432 |
Other | 44 |  | — |  | — |  | 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 |
millions | United States | International | Eliminations | Total
Six months ended June 30, 2023 |  |  |  |
Oil and gas |  |  |  |
Oil | $ | 7,096 |  | $ | 1,513 |  | $ | — |  | $ | 8,609 |
NGL | 812 |  | 175 |  | — |  | 987 |
Gas | 516 |  | 159 |  | — |  | 675 |
Other | (6) |  | 1 |  | — |  | (5) |
Segment total | $ | 8,418 |  | $ | 1,848 |  | $ | — |  | $ | 10,266 |
Chemical | $ | 2,600 |  | $ | 176 |  | $ | — |  | $ | 2,776 |
Midstream and marketing | $ | 961 |  | $ | 199 |  | $ | — |  | $ | 1,160 |
Eliminations | $ | — |  | $ | — |  | $ | (486) |  | $ | (486) |
Consolidated | $ | 11,979 |  | $ | 2,223 |  | $ | (486) |  | $ | 13,716 |

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