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Industry Segments (Tables)
 6 Months Ended
Jun. 30, 2013
Industry Segments  
Industry segment and corporate disclosures

 

 

 

Oil and Gas

 

Chemical

 

Midstream
and
Marketing

 

Corporate
and
Eliminations

 

Total

 

Three months ended

 

 

 

 

 

 

 

 

 

 

 

June 30, 2013

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net sales

 

$

4,721

 

$

1,187

 

$

269

 

$

(215

)

$

5,962

 

 

 

 

 

 

 

 

 

 

 

 

 

Pretax operating profit (loss)

 

$

2,100

 

$

275

(a)

$

48

 

$

(195

)(b)

$

2,228

 

Income taxes

 

—

 

—

 

—

 

(901

)(c)

(901

)

Discontinued operations, net

 

—

 

—

 

—

 

(5

)

(5

)

Net income (loss)

 

$

2,100

 

$

275

 

$

48

 

$

(1,101

)

$

1,322

 

Three months ended

 

 

 

 

 

 

 

 

 

 

 

June 30, 2012

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net sales

 

$

4,495

 

$

1,172

 

$

262

 

$

(161

)

$

5,768

 

 

 

 

 

 

 

 

 

 

 

 

 

Pretax operating profit (loss)

 

$

2,043

 

$

194

 

$

77

 

$

(107

)(b)

$

2,207

 

Income taxes

 

—

 

—

 

—

 

(875

)(c)

(875

)

Discontinued operations, net

 

—

 

—

 

—

 

(4

)

(4

)

Net income (loss)

 

$

2,043

 

$

194

 

$

77

 

$

(986

)

$

1,328

 

 

 

 

Oil and Gas

 

Chemical

 

Midstream
and
Marketing

 

Corporate
and
Eliminations

 

Total

 

Six months ended

 

 

 

 

 

 

 

 

 

 

 

June 30, 2013

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net sales

 

$

9,161

 

$

2,362

 

$

722

 

$

(411

)

$

11,834

 

 

 

 

 

 

 

 

 

 

 

 

 

Pretax operating profit (loss)

 

$

4,020

 

$

434

(a)

$

263

 

$

(286

)(b)

$

4,431

 

Income taxes

 

—

 

—

 

—

 

(1,745

)(c)

(1,745

)

Discontinued operations, net

 

—

 

—

 

—

 

(9

)

(9

)

Net income (loss)

 

$

4,020

 

$

434

 

$

263

 

$

(2,040

)

$

2,677

 

Six months ended

 

 

 

 

 

 

 

 

 

 

 

June 30, 2012

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net sales

 

$

9,397

 

$

2,320

 

$

655

 

$

(336

)

$

12,036

 

 

 

 

 

 

 

 

 

 

 

 

 

Pretax operating profit (loss)

 

$

4,547

 

$

378

 

$

208

 

$

(227

)(b)

$

4,906

 

Income taxes

 

—

 

—

 

—

 

(2,014

)(c)

(2,014

)

Discontinued operations, net

 

—

 

—

 

—

 

(5

)

(5

)

Net income (loss)

 

$

4,547

 

$

378

 

$

208

 

$

(2,246

)

$

2,887

 

(a)   The three- and six-month periods ended June 30, 2013 include a $131 million pre-tax gain for the sale of an investment in Carbocloro, a Brazilian chemical facility.

(b)   Includes unallocated net interest expense, administration expense, environmental remediation and other pre-tax items. The three- and six-month periods ended June 30, 2013 include a $55 million pre-tax charge for the currently estimated cost related to employment and post-employment benefits for Occidental’s former Executive Chairman and termination of certain other employees and consulting arrangements.

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