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INDUSTRY SEGMENTS AND GEOGRAPHIC AREAS
 12 Months Ended
Dec. 31, 2018
Segment Reporting [Abstract]  
INDUSTRY SEGMENTS AND GEOGRAPHIC AREAS
NOTE 17
INDUSTRY SEGMENTS AND GEOGRAPHIC AREAS

Results of industry segments and geographic areas exclude income taxes, interest income, interest expense, environmental remediation expenses, unallocated corporate expenses and discontinued operations, but include gains and losses from dispositions of segment and geographic area assets and income from the segments' equity investments. Intersegment sales eliminate upon consolidation and are generally made at prices approximating those that the selling entity would be able to obtain in third-party transactions.
Identifiable assets are those assets used in the operations of the segments. Corporate assets consist of cash and restricted cash, certain corporate receivables and PP&E.
Industry Segments
 
 
 
 
 
 
 
 
 
 
(in millions)
 
Oil and Gas
 
Chemical
 
Midstream and
Marketing
 
Corporate
and
Eliminations
 
Total
 
 
 
 
 
 
Year ended December 31, 2018
 
 
 
 
 
 
 
 
 
 
Net sales
 
$
10,441

(a) 
$
4,657

(b) 
$
3,656

(c) 
$
(930
)
 
$
17,824

Pretax operating profit (loss)
 
$
2,442

(d) 
$
1,159

 
$
2,802

(e) 
$
(795
)
(f) 
$
5,608

Income taxes
 
—

 
—

 
—

 
(1,477
)
(g) 
(1,477
)
Net income (loss) attributable to common stock
 
$
2,442

 
$
1,159

 
$
2,802

 
$
(2,272
)
 
$
4,131

Investments in unconsolidated entities
 
$
—

 
$
733

 
$
947

 
$
—

 
$
1,680

Property, plant and equipment additions, net (h)
 
$
4,443

 
$
277

 
$
221

 
$
79

 
$
5,020

Depreciation, depletion and amortization
 
$
3,254

 
$
354

 
$
331

 
$
38

 
$
3,977

Total assets
 
$
24,874

 
$
4,359

 
$
11,087

 
$
3,534

 
$
43,854

Year ended December 31, 2017
 
 
 
 
 
 
 
 
 
 
Net sales
 
$
7,870

(a) 
$
4,355

(b) 
$
1,157

(c) 
$
(874
)
 
$
12,508

Pretax operating profit (loss)
 
$
1,111

(d) 
$
822

 
$
85

(e) 
$
(690
)
(f) 
$
1,328

Income taxes
 
—

 
—

 
—

 
(17
)
(g) 
(17
)
Net income (loss) attributable to common stock
 
$
1,111

 
$
822

 
$
85

 
$
(707
)
 
$
1,311

Investments in unconsolidated entities
 
$
—

 
$
771

 
$
739

 
$
5

 
$
1,515

Property, plant and equipment additions, net (h)
 
$
2,968

 
$
323

 
$
296

 
$
64

 
$
3,651

Depreciation, depletion and amortization
 
$
3,269

 
$
352

 
$
340

 
$
41

 
$
4,002

Total assets
 
$
23,595

 
$
4,364

 
$
11,775

 
$
2,292

 
$
42,026

Year ended December 31, 2016
 
 
 
 
 
 
 
 
 
 
Net sales
 
$
6,377

(a) 
$
3,756

(b) 
$
684

(c) 
$
(727
)
 
$
10,090

Pretax operating profit (loss)
 
$
(636
)
(d) 
$
571

(i) 
$
(381
)
(e) 
$
(1,218
)
(f) 
$
(1,664
)
Income taxes
 
—

 
—

 
—

 
662

(g) 
662

Discontinued operations, net
 
—

 
—

 
—

 
428

(j) 
428

Net income (loss) attributable to common stock
 
$
(636
)
 
$
571

 
$
(381
)
 
$
(128
)
 
$
(574
)
Investments in unconsolidated entities
 
$
—

 
$
730

 
$
666

 
$
5

 
$
1,401

Property, plant and equipment additions, net (h)
 
$
1,998

 
$
353

 
$
370

 
$
59

 
$
2,780

Depreciation, depletion and amortization
 
$
3,575

 
$
340

 
$
313

 
$
40

 
$
4,268

Total assets
 
$
24,130

 
$
4,348

 
$
11,059

 
$
3,572

 
$
43,109

(See footnotes on next page)
 
 
 
 
 
 
 
 
 


Footnotes:
(a)
Oil sales represented approximately 90 percent of the oil and gas segment net sales for the years ended December 31, 2018, 2017 and 2016.
(b)
Net sales for the chemical segment comprised the following products:
 
 
Basic Chemicals
 
Vinyls
 
Other Chemicals
Year ended December 31, 2018
 
59%
 
41%
 
—
Year ended December 31, 2017
 
57%
 
42%
 
1%
Year ended December 31, 2016
 
57%
 
40%
 
3%


(c)
Net sales for the midstream and marketing segment comprised the following:
 
 
Marketing
 
Gas Plants
 
Power
 
Other Midstream and Marketing
Year ended December 31, 2018
 
62%
 
27%
 
10%
 
1%
Year ended December 31, 2017
 
(11)%
 
69%
 
29%
 
13%
Year ended December 31, 2016
 
(52)%
 
92%
 
44%
 
16%


(d)
The 2018 amount includes $416 million for the impairment of proved oil properties and inventory in Qatar ISND and ISSD due to the decline in crude oil prices.The 2017 amount includes pre-tax asset sale gains of $655 million primarily related to South Texas and non-core acreage in the Permian basin and $397 million for the impairment of non-core proved and unproved Permian acreage. The 2016 amount includes pre-tax asset sale gains of $121 million and $59 million related to Piceance and South Texas oil and gas properties, pre-tax charges of $61 million related to the sale of Libya and the exit from Iraq, and pre-tax gain of $24 million for other related items.
(e)
The 2018 amount includes pre-tax asset sale gains of $907 million on the sale of non-core domestic midstream assets. The 2017 amount includes pre-tax charges of $120 million related to asset impairments of idled facilities. The 2016 amount includes pre-tax charges of $160 million related to the termination of crude oil supply contracts.
(f)
There were no significant corporate transactions and events affecting 2018 and 2017 results. Significant corporate transactions and events affecting 2016 earnings, included charges of $541 million related to a reserve for doubtful accounts, $78 million loss on the distribution of the remaining CRC stock and gains related to the Ecuador settlement. The tax effect of these pre-tax adjustments, as well as those in footnotes (d), (e), (i), and (j) was $198 million, $392 million, and $424 million for the years ended December 31, 2018, 2017, and 2016, respectively.
(g)
Includes all foreign and domestic income taxes from continuing operations.
(h)
Includes capital expenditures and capitalized interest, but excludes acquisition and disposition of assets.
(i)
The 2016 amount includes gain on sale of $57 million and $31 million related to Occidental Tower in Dallas, Texas, and a non-core specialty chemicals business, respectively.
(j)
Includes discontinued operations from Ecuador.

GEOGRAPHIC AREAS
(in millions)
 
Net sales (a)
 
Property, plant and equipment, net
For the years ended December 31,
 
2018
 
2017
 
2016
 
2018
 
2017
 
2016
United States
 
$
13,351

 
$
8,959

 
$
7,017

 
$
23,594

 
$
22,863

 
$
24,004

International
 
 
 
 
 
 
 
 
 
 
 
 
Qatar
 
1,701

 
1,394

 
1,206

 
741

 
1,236

 
1,299

Oman
 
1,667

 
1,397

 
1,101

 
2,048

 
1,962

 
1,858

United Arab Emirates
 
1,021

 
808

 
664

 
4,051

 
4,241

 
4,373

Colombia
 
715

 
555

 
463

 
927

 
807

 
741

Other International
 
299

 
269

 
366

 
76

 
65

 
62

Total International
 
5,403

 
4,423

 
3,800

 
7,843

 
8,311

 
8,333

Eliminations
 
(930
)
 
(874
)
 
(727
)
 
—

 
—

 
—

Total
 
$
17,824

 
$
12,508

 
$
10,090

 
$
31,437

 
$
31,174

 
$
32,337

(a)
Sales are shown by individual country based on the location of the entity making the sale.