Revenue (Tables)

6 Months Ended

Jun. 30, 2020

Revenue from Contract with Customer [Abstract]

Schedule of reconciliation of revenue from customers to total net sales

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,
millions	2020		2019		2020		2019
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.

Schedule of revenue from customers by segment, product, and geographical area

Excluding net marketing revenue, midstream and marketing segment revenues are shown by the location of sale.

millions	United States		Middle East / Africa		Latin America		Other International		Eliminations		Total
Three months ended June 30, 2020
Oil and Gas
Oil	$	1,166	$	389	$	66	$	—	$	—	$	1,621
NGL	127		40		—		—		—		167
Gas	138		82		4		—		—		224
Other	20		1		—		—		—		21
Segment total	$	1,451	$	512	$	70	$	—	$	—	$	2,033
Chemical	$	793	$	—	$	33	$	13	$	—	$	839
Midstream and Marketing
Gas processing	$	67	$	71	$	—	$	—	$	—	$	138
Marketing	299		—		—		152		—		451
Power and other	9		—		—		—		—		9
Segment total	$	375	$	71	$	—	$	152	$	—	$	598
Eliminations	$	—	$	—	$	—	$	—	$	(162)	$	(162)
Consolidated	$	2,619	$	583	$	103	$	165	$	(162)	$	3,308

millions	United States		Middle East		Latin America		Other International		Eliminations		Total
Three months ended June 30, 2019
Oil and Gas
Oil	$	1,447	$	825	$	212	$	—	$	—	$	2,484
NGL	84		68		—		—		—		152
Gas	8		76		5		—		—		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	3		—		—		—		—		3
Power and other	29		—		—		—		—		29
Segment total	$	136	$	89	$	—	$	—	$	—	$	225
Eliminations	$	—	$	—	$	—	$	—	$	(205)	$	(205)
Consolidated	$	2,609	$	1,052	$	257	$	18	$	(205)	$	3,731

millions	United States		Middle East / Africa		Latin America		Other International		Eliminations		Total
Six months ended June 30, 2020
Oil and Gas
Oil	$	3,921	$	1,029	$	215	$	—	$	—	$	5,165
NGL	340		105		—		—		—		445
Gas	321		162		9		—		—		492
Other	31		1		—		—		—		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
Marketing	545		—		—		101		—		646
Power and other	25		—		—		—		—		25
Segment total	$	742	$	142	$	—	$	101	$	—	$	985
Eliminations	$	—	$	—	$	—	$	—	$	(361)	$	(361)
Consolidated	$	7,058	$	1,439	$	292	$	130	$	(361)	$	8,558

millions	United States		Middle East		Latin America		Other International		Eliminations		Total
Six months ended June 30, 2019
Oil and Gas
Oil	$	2,652	$	1,583	$	347	$	—	$	—	$	4,582
NGL	162		133		—		—		—		295
Gas	55		155		9		—		—		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	5		—		—		—		—		5
Power and other	71		—		—		—		—		71
Segment total	$	285	$	191	$	—	$	—	$	—	$	476
Eliminations	$	—	$	—	$	—	$	—	$	(427)	$	(427)
Consolidated	$	5,060	$	2,057	$	439	$	37	$	(427)	$	7,166

Schedule of expected revenue recognition from satisfaction of 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
2021	118
2022	9
2023	9
2024	9
Thereafter	85
Total	$	290