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Industry Segments (Tables)
 9 Months Ended
Sep. 30, 2013
Industry Segments  
Industry segment and corporate disclosures (in millions)

 

 

 

Oil and Gas

 

Chemical

 

Midstream
and
Marketing

 

Corporate
and
Eliminations

 

Total

 

Three months ended
September 30, 2013

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net sales

 

$

5,018

 

$

1,200

 

$

442

 

$

(211

)

$

6,449

 

 

 

 

 

 

 

 

 

 

 

 

 

Pretax operating profit (loss)

 

$

2,363

 

$

181

 

$

212

 

$

(131

)(a)

$

2,625

 

Income taxes

 

—

 

—

 

—

 

(1,037

)(b)

(1,037

)

Discontinued operations, net

 

—

 

—

 

—

 

(5

)

(5

)

Net income (loss)

 

$

2,363

 

$

181

 

$

212

 

$

(1,173

)

$

1,583

 

 

 

 

 

 

 

 

 

 

 

 

 

Three months ended
September 30, 2012

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net sales

 

$

4,635

 

$

1,119

 

$

389

 

$

(178

)

$

5,965

 

 

 

 

 

 

 

 

 

 

 

 

 

Pretax operating profit (loss)

 

$

2,026

 

$

162

 

$

156

 

$

(110

)(a)

$

2,234

 

Income taxes

 

—

 

—

 

—

 

(855

)(b)

(855

)

Discontinued operations, net

 

—

 

—

 

—

 

(4

)

(4

)

Net income (loss)

 

$

2,026

 

$

162

 

$

156

 

$

(969

)

$

1,375

 

 

 

 

Oil and Gas

 

Chemical

 

Midstream
and
Marketing

 

Corporate
and
Eliminations

 

Total

 

Nine months ended
September 30, 2013

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net sales

 

$

14,179

 

$

3,562

 

$

1,164

 

$

(622

)

$

18,283

 

 

 

 

 

 

 

 

 

 

 

 

 

Pretax operating profit (loss)

 

$

6,383

 

$

615

(c)

$

475

 

$

(417

)(a)

$

7,056

 

Income taxes

 

—

 

—

 

—

 

(2,782

)(b)

(2,782

)

Discontinued operations, net

 

—

 

—

 

—

 

(14

)

(14

)

Net income (loss)

 

$

6,383

 

$

615

 

$

475

 

$

(3,213

)

$

4,260

 

 

 

 

 

 

 

 

 

 

 

 

 

Nine months ended
September 30, 2012

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net sales

 

$

14,032

 

$

3,439

 

$

1,044

 

$

(514

)

$

18,001

 

 

 

 

 

 

 

 

 

 

 

 

 

Pretax operating profit (loss)

 

$

6,573

 

$

540

 

$

364

 

$

(337

)(a)

$

7,140

 

Income taxes

 

—

 

—

 

—

 

(2,869

)(b)

(2,869

)

Discontinued operations, net

 

—

 

—

 

—

 

(9

)

(9

)

Net income (loss)

 

$

6,573

 

$

540

 

$

364

 

$

(3,215

)

$

4,262

 

 

(a)   Includes unallocated net interest expense, administration expense, environmental remediation and other pre-tax items. The nine-month period ended September 30, 2013 includes a $55 million pre-tax charge for the estimated cost related to employment and post-employment benefits for Occidental’s former Executive Chairman and termination of certain other employees and consulting arrangements.

(b)   Includes all foreign and domestic income taxes from continuing operations.

(c)   The nine-month period ended September 30, 2013 includes a $131 million pre-tax gain for the sale of an investment in Carbocloro, a Brazilian chemical facility.