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REVENUE
 9 Months Ended
Sep. 30, 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 September 30, 2025, trade receivables, net of $3.2 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 and nine months ended September 30, 2025 and 2024:

Three months ended September 30,Nine months ended September 30,
millions2025202420252024
Revenue from customers$6,682 $7,020 $19,911 $20,553 
All other revenues (a)
(58)153 (70)(588)
Net sales$6,624 $7,173 $19,841 $19,965 
(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 September 30, 2025
Oil and gas
Oil$3,764 $695 $— $4,459 
NGL469 88 — 557 
Gas240 91 — 331 
Other56 1 — 57 
Segment total$4,529 $875 $— $5,404 
Chemical$1,091 $74 $— $1,165 
Midstream and marketing$178 $187 $— $365 
Eliminations$— $— $(252)$(252)
Consolidated$5,798 $1,136 $(252)$6,682 
millionsUnited StatesInternationalEliminationsTotal
Three months ended September 30, 2024
Oil and gas
Oil$4,204 $726 $— $4,930 
NGL495 97 — 592 
Gas60 91 — 151 
Other23 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 
millionsUnited StatesInternationalEliminationsTotal
Nine months ended September 30, 2025
Oil and gas
Oil$11,050 $2,060 $— $13,110 
NGL1,504 270 — 1,774 
Gas826 263 — 1,089 
Other120 3 — 123 
Segment total$13,500 $2,596 $— $16,096 
Chemical$3,357 $221 $— $3,578 
Midstream and marketing$522 $486 $— $1,008 
Eliminations$— $— $(771)$(771)
Consolidated$17,379 $3,303 $(771)$19,911 
        
millionsUnited StatesInternationalEliminationsTotal
Nine months ended September 30, 2024
Oil and gas
Oil$11,564 $2,259 $— $13,823 
NGL1,314 293 — 1,607 
Gas314 269 — 583 
Other67 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