Industry Segments (Tables)

6 Months Ended

Jun. 30, 2011

Industry Segments

Industry segment and corporate disclosures

The following table presents Occidental’s industry segment and corporate disclosures (in millions):

						Midstream,		Corporate
						Marketing		and
	Oil and Gas			Chemical		and Other		Eliminations			Total
Six months ended June 30, 2011
Net sales	$	8,958		$	2,490	$	853	$	(402	)(a)	$	11,899
Pretax operating profit (loss)	$	5,092		$	472	$	301	$	(476	)(b)	$	5,389
Income taxes	—			—		—		(2,165		)(c)	(2,165		)
Discontinued operations, net	—			—		—		142		(d)	142
Net income (loss) attributable to common stock	$	5,092		$	472	$	301	$	(2,499	)	$	3,366
Six months ended June 30, 2010
Net sales	$	7,009		$	1,969	$	605	$	(364	)(a)	$	9,219
Pretax operating profit (loss)	$	3,764		$	138	$	107	$	(244	)(b)	$	3,765
Income taxes	—			—		—		(1,555		)(c)	(1,555		)
Discontinued operations, net	—			—		—		(47		)	(47		)
Net income attributable to noncontrolling interest	(36		)	—		—		—			(36		)
Net income (loss) attributable to common stock	$	3,728		$	138	$	107	$	(1,846	)	$	2,127

(a)   Intersegment sales eliminate upon consolidation and are generally made at prices approximating those that the selling entity is able to obtain in third-party transactions.

(b)   Includes net interest expense (including the early debt extinguishment costs of $163 million for the six months ended June 30, 2011), administration expense, environmental remediation and other pre-tax items.

(c)   Includes all foreign and domestic income taxes from continuing operations.

(d)   Reflects the after-tax gain from the sale of the Argentine operations.