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Revenue
6 Months Ended
Jun. 30, 2020
Revenue from Contract with Customer [Abstract]  
Revenue
NOTE 4 - REVENUE

Revenue from customers is recognized when obligations under the terms of a contract with our customers are satisfied; this generally occurs with the delivery of oil, natural gas liquids (NGL), gas, chemicals or services, such as transportation. As of June 30, 2020, trade receivables, net, of $2.4 billion represent rights to payment, for which Occidental has satisfied its obligations under a contract and its right to payment is conditioned only on the passage of time.
The following table shows a reconciliation of revenue from customers to total net sales for the three and six months ended June 30, 2020 and 2019:

Three months ended June 30,Six months ended June 30,
millions2020201920202019
Revenue from customers$3,308  $3,731  $8,558  $7,166  
All other revenues (a)
(380) 689  983  1,258  
Net sales$2,928  $4,420  $9,541  $8,424  
(a) Includes net marketing derivatives, oil collars and calls, and chemical exchange contracts.
DISAGGREGATION OF REVENUE FROM CONTRACTS WITH CUSTOMERS
The table below presents Occidental's revenue from customers by segment, product and geographical area. The oil and gas segment typically sells its oil, NGLs and gas at the lease or concession area. Chemical segment revenues are shown by geographic area based on the location of the sale. Excluding net marketing revenue, midstream and marketing segment revenues are shown by the location of sale.

millionsUnited StatesMiddle East / AfricaLatin AmericaOther InternationalEliminationsTotal
Three months ended June 30, 2020
Oil and Gas
Oil$1,166  $389  $66  $—  $—  $1,621  
NGL127  40  —  —  —  167  
Gas138  82   —  —  224  
Other20   —  —  —  21  
Segment total$1,451  $512  $70  $—  $—  $2,033  
Chemical$793  $—  $33  $13  $—  $839  
Midstream and Marketing
Gas processing$67  $71  $—  $—  $—  $138  
Marketing299  —  —  152  —  451  
Power and other —  —  —  —   
Segment total$375  $71  $—  $152  $—  $598  
Eliminations$—  $—  $—  $—  $(162) $(162) 
Consolidated$2,619  $583  $103  $165  $(162) $3,308  
millionsUnited StatesMiddle EastLatin AmericaOther InternationalEliminationsTotal
Three months ended June 30, 2019
Oil and Gas
Oil$1,447  $825  $212  $—  $—  $2,484  
NGL84  68  —  —  —  152  
Gas 76   —  —  89  
Other(1) (6) —  —  —  (7) 
Segment total$1,538  $963  $217  $—  $—  $2,718  
Chemical$935  $—  $40  $18  $—  $993  
Midstream and Marketing
Gas processing$104  $89  $—  $—  $—  $193  
Marketing —  —  —  —   
Power and other29  —  —  —  —  29  
Segment total$136  $89  $—  $—  $—  $225  
Eliminations$—  $—  $—  $—  $(205) $(205) 
Consolidated$2,609  $1,052  $257  $18  $(205) $3,731  


millionsUnited StatesMiddle East / AfricaLatin AmericaOther InternationalEliminationsTotal
Six months ended June 30, 2020
Oil and Gas
Oil$3,921  $1,029  $215  $—  $—  $5,165  
NGL340  105  —  —  —  445  
Gas321  162   —  —  492  
Other31   —  —  —  32  
Segment total$4,613  $1,297  $224  $—  $—  $6,134  
Chemical$1,703  $—  $68  $29  $—  $1,800  
Midstream and Marketing
Gas processing$172  $142  $—  $—  $—  $314  
Marketing545  —  —  101  —  646  
Power and other25  —  —  —  —  25  
Segment total$742  $142  $—  $101  $—  $985  
Eliminations$—  $—  $—  $—  $(361) $(361) 
Consolidated$7,058  $1,439  $292  $130  $(361) $8,558  
millionsUnited StatesMiddle EastLatin AmericaOther InternationalEliminationsTotal
Six months ended June 30, 2019
Oil and Gas
Oil$2,652  $1,583  $347  $—  $—  $4,582  
NGL162  133  —  —  —  295  
Gas55  155   —  —  219  
Other(22) (5) —  —  —  (27) 
Segment total$2,847  $1,866  $356  $—  $—  $5,069  
Chemical$1,928  $—  $83  $37  $—  $2,048  
Midstream and Marketing
Gas processing$209  $191  $—  $—  $—  $400  
Marketing —  —  —  —   
Power and other71  —  —  —  —  71  
Segment total$285  $191  $—  $—  $—  $476  
Eliminations$—  $—  $—  $—  $(427) $(427) 
Consolidated$5,060  $2,057  $439  $37  $(427) $7,166  

TRANSACTION PRICE ALLOCATED TO REMAINING PERFORMANCE OBLIGATIONS
Revenue expected to be recognized from certain performance obligations that are unsatisfied as of June 30, 2020 is reflected in the table below. Occidental applies the optional exemptions in ASU 2014-09 Revenue from Contracts with Customers (Topic 606) and does not disclose consideration for remaining performance obligations with an original expected duration of one year or less or for variable consideration related to unsatisfied performance obligations. As a result, the following table represents a small portion of Occidental's expected future consolidated revenues, as future revenue from the sale of most products and services is dependent on future production or variable customer volume and variable commodity prices for that volume:

millions
Remainder of 2020$60  
2021118  
2022 
2023 
2024 
Thereafter85  
Total$290