Industry Segments (Tables)

3 Months Ended

Mar. 31, 2017

Industry Segments

Schedule of industry segments

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, 2017
Net sales	$	1,894		$	1,068	$	211		$	(216	)		$	2,957
Pre-tax operating profit (loss)	$	220		$	170	$	(47	)	$	(148	)	(a)	$	195
Income taxes	—			—		—			(78		)	(b)	(78		)
Net income (loss)	$	220		$	170	$	(47	)	$	(226	)		$	117
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

(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.