Occidental Petroleum 2003 Annual Report Download - page 93

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Barrels of Oil Equivalent (MBOE)
--------------------------------
Subtotal consolidated subsidiaries 520 492 452
Colombia - minority interest (5) (5) (3)
Russia - Occidental net interest 30 27 27
Yemen - Occidental net interest 2 1 --
---------- ---------- ----------
Total worldwide production 547 515 476
=========================================================================== ========== ========== ==========
77
SCHEDULE II - VALUATION AND QUALIFYING ACCOUNTS Occidental Petroleum Corporation
In millions and Subsidiaries
Additions
-----------------------
Balance at Charged to Charged to Balance at
Beginning Costs and Other End of
of Period Expenses Accounts Deductions Period
========================================================= ========== ========== ========== ========== ==========
2003
Allowance for doubtful accounts $ 28 $ -- $ -- $ (4) $ 24
========== ========== ========== ========== ==========
Environmental $ 393 $ 64 $ -- $ (85)(a) $ 372
Foreign and other taxes, litigation and other reserves 1,104 14 80 (31) 1,167
---------- ---------- ---------- ---------- ----------
$ 1,497 $ 78 $ 80 $ (116) $ 1,539 (b)
========================================================= ========== ========== ========== ========== ==========
2002
Allowance for doubtful accounts $ 35 $ -- $ -- $ (7) $ 28
========== ========== ========== ========== ==========
Environmental $ 454 $ 25 $ -- $ (86)(a) $ 393
Foreign and other taxes, litigation and other reserves 930 8 193 (27) 1,104
---------- ---------- ---------- ---------- ----------
$ 1,384 $ 33 $ 193 $ (113) $ 1,497 (b)
========================================================= ========== ========== ========== ========== ==========
2001
Allowance for doubtful accounts $ 25 $ 12 $ -- $ (2) $ 35
========== ========== ========== ========== ==========
Environmental $ 402 $ 111 $ 16 $ (75)(a) $ 454
Foreign and other taxes, litigation and other reserves 1,001 10 27 (108)(c) 930
---------- ---------- ---------- ---------- ----------
$ 1,403 $ 121 $ 43 $ (183) $ 1,384 (b)
========================================================= ========== ========== ========== ========== ==========
(a) Primarily represents payments.
(b) Of these amounts, $132 million, $160 million and $165 million in 2003, 2002
and 2001, respectively, are classified as current.
(c) Included a reclassification of $46 million to the "Deferred and other
domestic and foreign income taxes" account.
78
ITEM 9 CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND
FINANCIAL DISCLOSURE
Not applicable.
ITEM 9A CONTROLS AND PROCEDURES
Occidental's Chief Executive Officer and Chief Financial Officer supervised
and participated in Occidental's evaluation of its disclosure controls and
procedures as of the end of the period covered by this report. Disclosure
controls and procedures are controls and procedures designed to ensure that
information required to be disclosed in Occidental's periodic reports filed or
submitted under the Securities Exchange Act of 1934, as amended, is recorded,
processed, summarized and reported within the time periods specified in the
Securities and Exchange Commission's rules and forms. Based upon that