INVESTMENTS AND RELATED-PARTY TRANSACTIONS (Tables)

12 Months Ended

Dec. 31, 2013

INVESTMENTS AND RELATED-PARTY TRANSACTIONS

Summarized financial information of equity-method investments

For the years ended December 31, (in millions)	2013		2012		2011
Revenues	$	3,373	$	2,667	$	2,439
Costs and expenses	2,987		2,310		2,046
Net income	$	386	$	357	$	393

As of December 31, (in millions)	2013		2012
Current assets	$	1,813	$	2,242
Non-current assets	$	4,412	$	5,449
Current liabilities	$	1,308	$	1,799
Long-term debt	$	2,506	$	2,833
Other non-current liabilities	$	163	$	248
Stockholders’ equity	$	2,248	$	2,811

Related-party transactions

December 31, (in millions)	2013		2012		2011
Sales (a)	$	663	$	419	$	392
Purchases	$	—	$	8	$	10
Services	$	30	$	17	$	10
Advances and amounts due from	$	67	$	25	$	32
Amounts due to	$	3	$	129	$	21

(a)   In 2013, 2012 and 2011, sales of Occidental-produced oil and NGLs to Plains Pipeline accounted for 72 percent, 80 percent and 76 percent of these totals, respectively.  Additionally, Occidental conducts marketing and trading activities with Plains Pipeline for oil and NGLs.  These transactions are reported in Occidental’s income statement on a net margin basis.  The sales amounts above include the net margins on such transactions, which were negligible.