Occidental Petroleum Corp. (OXY)
Analysis of Revenues
Difficulty: Advanced
Revenues as Reported
Occidental Petroleum Corp., Income Statement, Revenues
US$ in millions
| 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. |