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Occidental Petroleum Corp. (NYSE:OXY)

Analysis of Revenues

Advanced level

Revenues as Reported

Occidental Petroleum Corp., Income Statement, Revenues

US$ in millions

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12 months ended Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015 Dec 31, 2014
Oil and gas 10,441  7,870  6,377  8,304  13,887 
Chemical 4,657  4,355  3,756  3,945  4,817 
Midstream and marketing 3,656  1,157  684  891  1,373 
Corporate and eliminations (930) (874) (727) (660) (765)
Net sales 17,824  12,508  10,090  12,480  19,312 

Based on: 10-K (filing date: 2019-02-21), 10-K (filing date: 2018-02-23), 10-K (filing date: 2017-02-23), 10-K (filing date: 2016-02-26), 10-K (filing date: 2015-02-23).

Item Description The company
Net sales Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). Occidental Petroleum Corp.’s net sales increased from 2016 to 2017 and from 2017 to 2018.