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INDUSTRY SEGMENTS AND GEOGRAPHIC AREAS (Tables)
 12 Months Ended
Dec. 31, 2019
Segment Reporting [Abstract]  
Schedule of industry segments
millions
Oil and Gas

 
Chemical

 
Marketing and
Midstream

 
Corporate
and
Eliminations

 
Total

Year ended December 31, 2019
 
 
 
 
 
 
 
 
 
Net sales
$
13,423

 
$
4,102

 
$
4,132

 
$
(1,264
)
 
$
20,393

Income (loss) from continuing operations before income taxes
$
2,352

(a) 
$
799

 
$
241

(b) 
$
(3,206
)
(c) 
$
186

Income tax expense 
—

 
—

 
—

 
(693
)
(d) 
(693
)
Income (loss) from continuing operations
$
2,352

 
$
799

 
$
241

 
$
(3,899
)
 
$
(507
)
Investments in unconsolidated entities
$
181

 
$
689

 
$
5,519

 
$
—

 
$
6,389

Property, plant and equipment additions(e)
$
5,559

 
$
272

 
$
475

 
$
135

 
$
6,441

Depreciation, depletion and amortization
$
4,994

 
$
368

 
$
563

 
$
56

 
$
5,981

Total assets
$
77,936

 
$
4,361

 
$
17,055

 
$
9,978

 
$
109,330

 
 
 
 
 
 
 
 
 
 
Year ended December 31, 2018
 
 
 
 
 
 
 
 
 
Net sales
$
10,441

 
$
4,657

 
$
3,656

 
$
(930
)
 
$
17,824

Income (loss) from continuing operations before income taxes
$
2,442

(a) 
$
1,159

 
$
2,802

(b) 
$
(795
)
(c) 
$
5,608

Income tax expense
—

 
—

 
—

 
(1,477
)
(d) 
(1,477
)
Income (loss) from continuing operations
$
2,442

 
$
1,159

 
$
2,802

 
$
(2,272
)
 
$
4,131

Investments in unconsolidated entities
$
—

 
$
733

 
$
947

 
$
—

 
$
1,680

Property, plant and equipment additions(e)
$
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

 
$
4,355

 
$
1,157

 
$
(874
)
 
$
12,508

Income (loss) from continuing operations before income taxes 
$
1,111

(a) 
$
822

 
$
85

(b) 
$
(690
)
(c) 
$
1,328

Income tax expense
—

 
—

 
—

 
(17
)
(d) 
(17
)
Income (loss) from continuing operations
$
1,111

 
$
822

 
$
85

 
$
(707
)
 
$
1,311

Investments in unconsolidated entities
$
—

 
$
771

 
$
739

 
$
5

 
$
1,515

Property, plant and equipment additions(e)
$
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


(a) 
The 2019 amount included a net gain on sale of $475 million related to Occidental’s joint venture with Ecopetrol in the Midland Basin and sale of real estate assets, a $285 million impairment charge associated with domestic undeveloped leases that were set to expire in the near term, where Occidental had no plans to pursue exploration activities, and a $39 million charge related to Occidental’s mutually agreed early termination of its Qatar ISSD contract. The 2018 amount included $416 million for the impairment of proved oil properties and inventory in Qatar ISND and ISSD due to the decline in oil prices. The 2017 amount included 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.
(b) 
The 2019 amount included a $1 billion charge as a result of recording Occidental’s investment in WES at fair value as of December 31, 2019 upon the loss of control, a $114 million gain on the sale of an equity investment in Plains and a $30 million mark-to-market gain on an interest rate swap for WES. The 2018 amount included pre-tax asset sale gains of $907 million on the sale of non-core domestic midstream assets. The 2017 amount included pre-tax charges of $120 million related to asset impairments of idled facilities.
(c) 
The 2019 amount included corporate transactions related to the Acquisition including charges of $1.0 billion related to employee severance and related costs, $401 million related to crucial seismic data and $213 million for bank, legal and consulting fees. There were no significant corporate transactions and events affecting 2018 and 2017 results. The tax effect of these pre-tax adjustments was a $245 million benefit in 2019, and $198 million expense and $392 million expense in 2018 and 2017, respectively.
(d) 
Included all foreign and domestic income taxes from continuing operations.
(e) 
Included capital expenditures and capitalized interest, but excluded acquisition and disposition of assets.
Net sales and property, plant and equipment, net by geographic areas
 
 
Property, plant and equipment, net
millions
 
2019

 
2018

 
2017

United States
 
$
72,808

 
$
23,594

 
$
22,863

International
 
 
 
 
 
 
United Arab Emirates
 
3,887

 
4,051

 
4,241

Oman
 
2,115

 
2,048

 
1,962

Colombia
 
1,010

 
927

 
807

Qatar
 
562

 
741

 
1,236

Other International
 
87

 
76

 
65

Total International
 
7,661

 
7,843

 
8,311

Total
 
$
80,469

 
$
31,437

 
$
31,174