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REVENUE
3 Months Ended
Mar. 31, 2025
Revenue from Contract with Customer [Abstract]  
REVENUE
NOTE 2 - REVENUE
Revenue from customers is recognized when obligations under the terms of a contract with customers are satisfied; this generally occurs with the delivery of oil, NGL, gas, chemicals or services, such as transportation. As of March 31, 2025, trade receivables, net of $3.6 billion represent rights to payment for which Occidental has satisfied its obligations under a contract and its right to payment is conditioned only on the passage of time.
The following table shows a reconciliation of revenue from customers to total net sales for the three months ended March 31, 2025 and 2024:

Three months ended March 31,
millions20252024
Revenue from customers$6,911 $6,731 
All other revenues (a)
(108)(756)
Net sales$6,803 $5,975 
(a)    Includes other net revenues from the midstream and marketing segment and chemical segment.
DISAGGREGATION OF REVENUE FROM CONTRACTS WITH CUSTOMERS
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 March 31, 2025
Oil and gas
Oil$3,830 $675 $ $4,505 
NGL578 96  674 
Gas381 84  465 
Other38 1  39 
Segment total$4,827 $856 $ $5,683 
Chemical$1,114 $73 $ $1,187 
Midstream and marketing$174 $138 $ $312 
Eliminations$ $ $(271)$(271)
Consolidated$6,115 $1,067 $(271)$6,911 
millionsUnited StatesInternationalEliminationsTotal
Three months ended March 31, 2024
Oil and gas
Oil$3,349 $772 $— $4,121 
NGL416 99 — 515 
Gas187 87 — 274 
Other— — 
Segment total$3,957 $958 $— $4,915 
Chemical$1,115 $70 $— $1,185 
Midstream and marketing$760 $96 $— $856 
Eliminations$— $— $(225)$(225)
Consolidated$5,832 $1,124 $(225)$6,731