REVENUE (Tables)

12 Months Ended

Dec. 31, 2019

Revenue from Contract with Customer [Abstract]

Schedule of reconciliation of revenue from customers to total net sales

The following table reconciles revenue from customers to total net sales for the years ended December 31:

millions	2019		2018
Revenue from customers	$	18,674	$	15,560
All other revenues (a)	1,719		2,264
Net sales	$	20,393	$	17,824

^(a) 

Included net marketing derivatives, oil collars and calls and chemical exchange contracts.

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

The following table presents Occidental’s revenue from customers by segment, product and geographical area. The oil and gas segment typically sells its oil, gas and NGL at the lease or concession area. Chemical revenues are shown by geographic area based on the location of the sale. Marketing and midstream revenues are shown by the location of sale.

millions	United States			Middle East			Latin America		Other International		Eliminations			Total
Year ended December 31, 2019
Oil and Gas
Oil	$	8,411		$	2,758		$	683	$	—	$	—		$	11,852
NGL	658			263			—		—		—			921
Gas	424			319			20		—		—			763
Other	(1		)	(5		)	—		—		—			(6		)
Segment total	$	9,492		$	3,335		$	703	$	—	$	—		$	13,530
Chemical	$	3,858		$	—		$	155	$	67	$	—		$	4,080
Marketing and Midstream (a)
Gas processing	$	395		$	351		$	—	$	—	$	—		$	746
WES - Gas processing and pipeline	1,110			—			—		—		—			1,110
Power and other	472			—			—		—		—			472
Segment total	$	1,977		$	351		$	—	$	—	$	—		$	2,328
Eliminations	$	—		$	—		$	—	$	—	$	(1,264	)	$	(1,264	)
Consolidated	$	15,327		$	3,686		$	858	$	67	$	(1,264	)	$	18,674
Year ended December 31, 2018
Oil and Gas
Oil	$	5,125		$	3,405		$	715	$	—	$	—		$	9,245
NGL	430			261			—		—		—			691
Gas	185			294			16		—		—			495
Other	7			3			—		—		—			10
Segment total	$	5,747		$	3,963		$	731	$	—	$	—		$	10,441
Chemical	$	4,363		$	—		$	205	$	80	$	—		$	4,648
Marketing and Midstream
Gas processing	$	557		$	425		$	—	$	—	$	—		$	982
Pipelines	311			—			—		—		—			311
Power and other	108			—			—		—		—			108
Segment total	$	976		$	425		$	—	$	—	$	—		$	1,401
Eliminations	$	—		$	—		$	—	$	—	$	(930	)	$	(930	)
Consolidated	$	11,086		$	4,388		$	936	$	80	$	(930	)	$	15,560

^(a) 

The marketing and midstream segment included revenues from customers from WES from the date of the Acquisition to December 31, 2019. See Note 1 - Summary of Significant Accounting Policies

Transaction price allocated to remaining performance obligations

Revenue expected to be recognized from certain performance obligations that are unsatisfied as of December 31, 2019, is reflected in the table below. Occidental applies the optional exemptions in Topic 606 and does not disclose consideration for remaining performance obligations with an original expected duration of one year or less or for variable consideration related to unsatisfied 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	Total
2020	$	103
2021	103
2022	7
2023	7
2024	7
Thereafter	53
Total	$	280