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Industry Segments
3 Months Ended
Mar. 31, 2020
Segment Reporting [Abstract]  
Industry Segments
NOTE 14 - INDUSTRY SEGMENTS

Occidental conducts its operations through three segments: (1) oil and gas; (2) chemical; and (3) midstream and marketing. Income taxes, interest income, interest expense, environmental remediation expenses, Anadarko acquisition-related costs and unallocated corporate expenses are included under Corporate and Eliminations. Intersegment sales eliminate upon consolidation and are generally made at prices approximating those that the selling entity would be able to obtain in third-party transactions. The following table presents Occidental’s industry segments:

millionsOil and
Gas
ChemicalMidstream and MarketingCorporate
and
Eliminations
Total
Three months ended March 31, 2020
Net sales$4,857  $962  $790  $(199) $6,410  
Income (loss) from continuing operations before income taxes$179  
(a)
$186  $(1,287) 
(b)
$(1,173) 
(c)
$(2,095) 
Income tax benefit—  —  —  82  82  
Income (loss) from continuing operations$179  $186  $(1,287) $(1,091) $(2,013) 
Three months ended March 31, 2019
Net sales$2,351  $1,059  $816  $(222) $4,004  
Income (loss) from continuing operations before income taxes$484  $265  $279  $(172) $856  
Income tax expense—  —  —  (225) (225) 
Income (loss) from continuing operations$484  $265  $279  $(397) $631  
(a) Includes $317 million related to domestic asset impairments and other charges, $952 million gain on the oil collars and calls and $264 million related to foreign asset impairments for the three months ended March 31, 2020.
(b) Includes $1.4 billion impairment related to the write-off of goodwill and a loss from an equity investment related to WES's writeoff of its goodwill for the three months ended March 31, 2020.
(c) Includes $148 million in expenses related to Anadarko acquisition-related costs, $669 million loss on interest rate swaps and $84 million in warrant gains for the three months ended March 31, 2020.