Industry Segments (Tables)

6 Months Ended

Jun. 30, 2019

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



	Oil				Midstream		Corporate
	and				and		and
	Gas		Chemical		Marketing		Eliminations				Total
Three months ended June 30, 2019
Net sales	$	2,718	$	998	$	909	$	(205	)		$	4,420
Pre-tax operating profit (loss)	$	726	$	208	$	331	$	(324	)	^(a,b)	$	941
Income taxes	—		—		—		(306		)	^(c)	(306		)
Net income (loss)	$	726	$	208	$	331	$	(630	)		$	635

Three months ended June 30, 2018
Net sales	$	2,531	$	1,176	$	603	$	(227	)		$	4,083
Pre-tax operating profit (loss)	$	780	$	317	$	250	$	(197	)	^(a)	$	1,150
Income taxes	—		—		—		(302		)	^(c)	(302		)
Net income (loss)	$	780	$	317	$	250	$	(499	)		$	848



	Oil				Midstream		Corporate
	and				and		and
	Gas		Chemical		Marketing		Eliminations				Total
Six months ended June 30, 2019
Net sales	$	5,069	$	2,057	$	1,725	$	(427	)		$	8,424
Pre-tax operating profit (loss)	$	1,210	$	473	$	610	$	(496	)	^(a,b)	$	1,797
Income taxes	—		—		—		(531		)	^(c)	(531		)
Net income (loss)	$	1,210	$	473	$	610	$	(1,027	)		$	1,266

Six months ended June 30, 2018
Net sales	$	4,985	$	2,330	$	992	$	(461	)		$	7,846
Pre-tax operating profit (loss)	$	1,530	$	615	$	429	$	(377	)	^(a)	$	2,197
Income taxes	—		—		—		(641		)	^(c)	(641		)
Net income (loss)	$	1,530	$	615	$	429	$	(1,018	)		$	1,556

(a) Includes unallocated net interest expense, administration expense, environmental remediation and other items.

(b) Includes expenses of $107 million, comprised of $50 million in Anadarko transaction-related costs and $57 million in amortized debt financing fees.