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ACQUISITIONS AND DIVESTITURES (Tables)
 9 Months Ended
Sep. 30, 2024
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]  
Schedule of Purchase Consideration The following table summarizes the cash and common stock components of the purchase price:
in millions of dollars and shares (except per-share price)Total
Cash portion of purchase price
$9,100 
Closing Adjustments
Net Working Capital and Other Purchase Price Adjustments 257 
Pre-closing dividends declared by Occidental$13 
Total Cash Purchase Price$9,370
Total shares of Occidental common stock issued
29.6 
Occidental common stock share price
$59.38 
Stock portion of purchase price
$1,755
Total purchase price
$11,125
Schedule of Preliminary Purchase Price Allocation
The following table sets forth the preliminary allocation of the acquisition consideration. Certain data necessary to complete the purchase price allocation is not yet available, and includes, but is not limited to, final appraisals of assets acquired and liabilities assumed. Occidental will finalize the purchase price allocation during the 12-month period following the acquisition date, during which time the value of the assets and liabilities may be revised as appropriate.

in millions
August 1, 2024
Fair value of assets acquired:
Cash and cash equivalents$589 
Trade receivables, net198 
Other current assets67 
Property, plant and equipment, oil and gas11,838 
Amount attributable to assets acquired$12,692
Fair value of liabilities acquired:
Current maturities of long-term debt$868 
Accounts payable251 
Accrued liabilities23 
Long-term debt378 
Asset retirement obligations47 
Amount attributable to liabilities acquired$1,567
Fair value of net assets acquired:$11,125
Schedule of Pro Forma Information
The following summarizes the unaudited pro forma condensed financial information of Occidental as if the CrownRock Acquisition had occurred on January 1, 2023:
Three months ended September 30,Nine months ended September 30,
millions, except per-share amounts2024202320242023
Revenues$7,367 $7,801 $21,424 $22,912 
Net income attributable to common stockholders$1,075 $1,300 $3,049 $3,139 
Net income attributable to common stockholders per share—basic$1.14 $1.41 $3.28 $3.39 
Net income attributable to common stockholders per share—diluted$1.09 $1.31 $3.08 $3.14