OCCIDENTAL PETROLEUM CORP DE
For the period ended Dec 31, 2024. Filed Feb 18, 2025.
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FY2024 · Filed Feb 18, 2025
OXY$55.76-1.1%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Operations
| table of contents | FINANCIAL STATEMENTS |
| Consolidated Statements of Operations | Occidental Petroleum Corporationand Subsidiaries |
|---|
| Years Ended December 31, | |||
|---|---|---|---|
| millions except per-share amounts | 2024 | 2023 | 2022 |
| REVENUES AND OTHER INCOME | |||
| Net sales | $26,725 | $28,257 | $36,634 |
| Interest, dividends and other income | 171 | 139 | 153 |
| Gains (losses) on sales of assets and other, net | (16) | 522 | 308 |
| Total | 26,880 | 28,918 | 37,095 |
| COSTS AND OTHER DEDUCTIONS | |||
| Oil and gas lease operating expense | 4,738 | 4,677 | 4,028 |
| Transportation and gathering expense | 1,608 | 1,481 | 1,475 |
| Chemical and midstream cost of sales | 3,121 | 3,116 | 3,273 |
| Purchased commodities | 337 | 2,009 | 3,287 |
| Selling, general and administrative expense | 1,062 | 1,083 | 945 |
| Other operating and non-operating expense | 1,581 | 1,084 | 1,271 |
| Taxes other than on income | 1,039 | 1,087 | 1,548 |
| Depreciation, depletion and amortization | 7,371 | 6,865 | 6,926 |
| Asset impairments and other charges | 1,281 | 209 | — |
| Acquisition-related costs | 84 | 26 | 89 |
| Exploration expense | 275 | 441 | 216 |
| Interest and debt expense, net | 1,175 | 945 | 1,030 |
| Total | 23,672 | 23,023 | 24,088 |
| Income before income taxes and other items | 3,208 | 5,895 | 13,007 |
| OTHER ITEMS | |||
| Gains on interest rate swaps, net | — | — | 317 |
| Income from equity investments and other | 862 | 534 | 793 |
| Total | 862 | 534 | 1,110 |
| Income from continuing operations before income taxes | 4,070 | 6,429 | 14,117 |
| Income tax expense | (1,174) | (1,733) | (813) |
| Income from continuing operations | 2,896 | 4,696 | 13,304 |
| Income from discontinued operations, net of tax | 182 | — | — |
| NET INCOME | 3,078 | 4,696 | 13,304 |
| Less: Net income attributable to noncontrolling interest | (22) | — | — |
| Less: Preferred stock dividends and redemption premiums | (679) | (923) | (800) |
| NET INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS | $2,377 | $3,773 | $12,504 |
| PER COMMON SHARE | |||
| Income from continuing operations—basic | $2.39 | $4.22 | $13.41 |
| Discontinued operations—basic | 0.20 | — | — |
| Net income attributable to common stockholders—basic | $2.59 | $4.22 | $13.41 |
| Income from continuing operations—diluted | $2.26 | $3.90 | $12.40 |
| Discontinued operations—diluted | 0.18 | — | — |
| Net income attributable to common stockholders—diluted | $2.44 | $3.90 | $12.40 |
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