XML 107 R77.htm IDEA: XBRL DOCUMENT v3.8.0.1
INDUSTRY SEGMENTS AND GEOGRAPHIC AREAS - RESULTS OF OPERATIONS (Details)
$ in Millions
12 Months Ended
Dec. 31, 2017
USD ($)
segment
Dec. 31, 2016
USD ($)
Dec. 31, 2015
USD ($)
Dec. 31, 2014
Segment Information        
Number of operating segments | segment 3      
Net sales $ 12,508 $ 10,090 $ 12,480  
Pretax operating profit (loss) 1,328 (1,664) (9,476)  
Income taxes (17) 662 1,330  
Discontinued operations, net   428 317  
NET INCOME (LOSS) ATTRIBUTABLE TO COMMON STOCK 1,311 (574) (7,829)  
Investment in unconsolidated entities 1,515 1,401 1,267  
Property, plant and equipment additions, net 3,651 2,780 5,409  
Depreciation, depletion and amortization 4,002 4,268 4,544  
Total assets 42,026 43,109 43,409  
Total Foreign        
Segment Information        
Net sales $ 4,423 $ 3,800 $ 5,001  
Oil and Gas | Product Concentration | Oil        
Segment Information        
Percentage sales   90.00% 90.00% 90.00%
Chemical | Product Concentration | Basic Chemicals        
Segment Information        
Percentage sales 57.00% 57.00% 56.00%  
Chemical | Product Concentration | Vinyls        
Segment Information        
Percentage sales 42.00% 40.00% 40.00%  
Chemical | Product Concentration | Other Chemicals        
Segment Information        
Percentage sales 1.00% 3.00% 4.00%  
Midstream and Marketing | Product Concentration | Gas Processing        
Segment Information        
Percentage sales 69.00% 92.00% 70.00%  
Midstream and Marketing | Product Concentration | Power        
Segment Information        
Percentage sales 28.00% 44.00% 31.00%  
Midstream and Marketing | Product Concentration | Marketing, Trading, Transportation and other        
Segment Information        
Percentage sales 3.00% (36.00%) (1.00%)  
Operating segments | Oil and Gas        
Segment Information        
Net sales $ 7,870 $ 6,377 $ 8,304  
Pretax operating profit (loss) 1,111 (636) (8,060)  
NET INCOME (LOSS) ATTRIBUTABLE TO COMMON STOCK 1,111 (636) (8,060)  
Pre-tax gain on sale of properties   24    
Investment in unconsolidated entities     4  
Property, plant and equipment additions, net 2,968 1,998 4,485  
Depreciation, depletion and amortization 3,269 3,575 3,886  
Total assets 23,595 24,130 23,591  
Operating segments | Oil and Gas | South Texas and non-core acreage in the Permian basin        
Segment Information        
Pre-tax gain on sale of properties 655      
Operating segments | Oil and Gas | Non-core Permian acreage        
Segment Information        
Impairment charges 397      
Operating segments | Oil and Gas | Piceance operations        
Segment Information        
Pre-tax gain on sale of properties   121    
Operating segments | Oil and Gas | South Texas oil and gas properties        
Segment Information        
Pre-tax gain on sale of properties   59    
Operating segments | Oil and Gas | Libya and Iraq operations        
Segment Information        
Impairment charges   61    
Operating segments | Oil and Gas | Total Foreign        
Segment Information        
Impairment charges     5,000  
Operating segments | Oil and Gas | Domestic oil and gas assets        
Segment Information        
Impairment charges     3,500  
Operating segments | Chemical        
Segment Information        
Net sales 4,355 3,756 3,945  
Pretax operating profit (loss) 822 571 542  
NET INCOME (LOSS) ATTRIBUTABLE TO COMMON STOCK 822 571 542  
Pre-tax gain on sale of properties     98  
Impairment charges     121  
Investment in unconsolidated entities 771 730 550  
Property, plant and equipment additions, net 323 353 271  
Depreciation, depletion and amortization 352 340 371  
Total assets 4,364 4,348 3,982  
Operating segments | Chemical | Occidental Tower in Dallas        
Segment Information        
Pre-tax gain on sale of properties   57    
Operating segments | Chemical | Texas and non-core specialty business        
Segment Information        
Pre-tax gain on sale of properties   31    
Operating segments | Midstream and Marketing        
Segment Information        
Net sales 1,157 684 891  
Pretax operating profit (loss) 85 (381) (1,194)  
NET INCOME (LOSS) ATTRIBUTABLE TO COMMON STOCK 85 (381) (1,194)  
Impairment charges 120   1,300  
Investment in unconsolidated entities 739 666 708  
Property, plant and equipment additions, net 296 370 611  
Depreciation, depletion and amortization 340 313 249  
Total assets 11,775 11,059 10,175  
Operating segments | Midstream and Marketing | Oil        
Segment Information        
Loss from contract termination   160    
Corporate and Eliminations        
Segment Information        
Net sales (874) (727) (660)  
Pretax operating profit (loss) (690) (1,218) (764)  
Income taxes (17) 662 1,330  
Discontinued operations, net   428 317  
NET INCOME (LOSS) ATTRIBUTABLE TO COMMON STOCK (707) (128) 883  
Investment in unconsolidated entities 5 5 5  
Property, plant and equipment additions, net 64 59 42  
Depreciation, depletion and amortization 41 40 38  
Total assets $ 2,292 $ 3,572 $ 5,661