Industry Segments (Tables)

3 Months Ended

Mar. 31, 2016

Industry Segments

Industry segment and corporate disclosures (in millions)

The following tables present Occidental’s industry segments (in millions):

	Oil					Midstream		Corporate
	and					and		and
	Gas			Chemical		Marketing		Eliminations			Total
Three months ended March 31, 2016
Net sales	$	1,275		$	890	$	133	$	(175)		$	2,123
Pre-tax operating profit (loss)	$	(485)		$	214	$	(95)	$	(197)	(a)	$	(563)
Income taxes	—			—		—		203		(b)	203
Discontinued operations, net	—			—		—		438			438
Net income (loss)	$	(485)		$	214	$	(95)	$	444		$	78
Three months ended March 31, 2015
Net sales	$	2,009		$	1,000	$	197	$	(117)		$	3,089
Pre-tax operating profit (loss)	$	(266)	(c)	$	139	$	(15)	$	(92)	(a,c)	$	(234)
Income taxes	—			—		—		19		(b)	19
Discontinued operations, net	—			—		—		(3)			(3)
Net income (loss)	$	(266)		$	139	$	(15)	$	(76)		$	(218)

(a)	Includes unallocated net interest expense, administration expense, environmental remediation and other pre-tax items.
(b)	Includes all foreign and domestic income taxes from continuing operations.
(c)	Includes pre-tax charges of $310 million for the impairment of certain domestic and international oil and gas assets and other items, and $14 million  of corporate other items.