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Industry Segments (Tables)
 3 Months Ended
Mar. 31, 2018
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, 2018

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net sales

 

$

2,454

 

$

1,154

 

$

389

 

$

(234)

 

$

3,763

Pre-tax operating profit (loss)

 

$

750

 

$

298

 

$

179

 

$

(180)

(a)  

$

1,047

Income taxes

 

 

—

 

 

—

 

 

—

 

 

(339)

(b)  

 

(339)

Net income (loss)

 

$

750

 

$

298

 

$

179

 

$

(519)

 

$

708

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

(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.