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REVENUE (Tables) | 9 Months Ended
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Sep. 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 nine months ended September 30, 2024 and 2023:
| Three months ended September 30, | Nine months ended September 30,
millions | 2024 | 2023 | 2024 | 2023
Revenue from customers | $ | 7,020 |  | $ | 7,271 |  | $ | 20,553 |  | $ | 20,987 |
All other revenues (a) | 153 |  | (113) |  | (588) |  | 98 |
Net sales | $ | 7,173 |  | $ | 7,158 |  | $ | 19,965 |  | $ | 21,085 |
(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:
millions | United States | International | Eliminations | Total
Three months ended September 30, 2024 |  |  |  |
Oil and gas |  |  |  |
Oil | $ | 4,204 |  | $ | 726 |  | $ | — |  | $ | 4,930 |
NGL | 495 |  | 97 |  | — |  | 592 |
Gas | 60 |  | 91 |  | — |  | 151 |
Other | 23 |  | 1 |  | — |  | 24 |
Segment total | $ | 4,782 |  | $ | 915 |  | $ | — |  | $ | 5,697 |
Chemical | $ | 1,171 |  | $ | 75 |  | $ | — |  | $ | 1,246 |
Midstream and marketing | $ | 186 |  | $ | 101 |  | $ | — |  | $ | 287 |
Eliminations | $ | — |  | $ | — |  | $ | (210) |  | $ | (210) |
Consolidated | $ | 6,139 |  | $ | 1,091 |  | $ | (210) |  | $ | 7,020 |
millions | United States | International | Eliminations | Total
Three months ended September 30, 2023 |  |  |  |
Oil and gas |  |  |  |
Oil | $ | 3,997 |  | $ | 742 |  | $ | — |  | $ | 4,739 |
NGL | 419 |  | 91 |  | — |  | 510 |
Gas | 221 |  | 87 |  | — |  | 308 |
Other | 37 |  | — |  | — |  | 37 |
Segment total | $ | 4,674 |  | $ | 920 |  | $ | — |  | $ | 5,594 |
Chemical | $ | 1,234 |  | $ | 74 |  | $ | — |  | $ | 1,308 |
Midstream and marketing | $ | 563 |  | $ | 103 |  | $ | — |  | $ | 666 |
Eliminations | $ | — |  | $ | — |  | $ | (297) |  | $ | (297) |
Consolidated | $ | 6,471 |  | $ | 1,097 |  | $ | (297) |  | $ | 7,271 |
millions | United States | International | Eliminations | Total
Nine months ended September 30, 2024 |  |  |  |
Oil and gas |  |  |  |
Oil | $ | 11,564 |  | $ | 2,259 |  | $ | — |  | $ | 13,823 |
NGL | 1,314 |  | 293 |  | — |  | 1,607 |
Gas | 314 |  | 269 |  | — |  | 583 |
Other | 67 |  | 1 |  | — |  | 68 |
Segment total | $ | 13,259 |  | $ | 2,822 |  | $ | — |  | $ | 16,081 |
Chemical | $ | 3,489 |  | $ | 215 |  | $ | — |  | $ | 3,704 |
Midstream and marketing | $ | 1,118 |  | $ | 293 |  | $ | — |  | $ | 1,411 |
Eliminations | $ | — |  | $ | — |  | $ | (643) |  | $ | (643) |
Consolidated | $ | 17,866 |  | $ | 3,330 |  | $ | (643) |  | $ | 20,553 |
millions | United States | International | Eliminations | Total
Nine months ended September 30, 2023 |  |  |  |
Oil and gas |  |  |  |
Oil | $ | 11,093 |  | $ | 2,255 |  | $ | — |  | $ | 13,348 |
NGL | 1,231 |  | 266 |  | — |  | 1,497 |
Gas | 737 |  | 246 |  | — |  | 983 |
Other | 31 |  | 1 |  | — |  | 32 |
Segment total | $ | 13,092 |  | $ | 2,768 |  | $ | — |  | $ | 15,860 |
Chemical | $ | 3,834 |  | $ | 250 |  | $ | — |  | $ | 4,084 |
Midstream and marketing | $ | 1,524 |  | $ | 302 |  | $ | — |  | $ | 1,826 |
Eliminations | $ | — |  | $ | — |  | $ | (783) |  | $ | (783) |
Consolidated | $ | 18,450 |  | $ | 3,320 |  | $ | (783) |  | $ | 20,987 |

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