Occidental Petroleum 2008 Annual Report Download - page 26

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Oil and Gas
In millions, except as indicated
For the years ended December 31, 2008 2007 2006
Segment Sales $18,187 $13,304 $11,712
Segment Earnings $10,651 $7,957 $6,676
The following tables set forth the sales volumes and production of oil and liquids and natural gas per day for each of the three years in
the period ended December 31, 2008. The differences between the sales volumes and production per day are generally due to the timing of
shipments at Occidental’s international locations where product is loaded onto tankers. Sale at these locations is not recognized until a tanker
is loaded and title passes.
Sales Volumes per Day 2008 2007 2006
United States
Oil and liquids (MBBL)
California 89 89 86
Permian 168 167 167
Midcontinent and Rockies 6 4 3
Total 263 260 256
Natural gas (MMCF)
California 235 254 256
Permian 181 186 194
Midcontinent and Rockies 171 153 138
Total 587 593 588
Latin America
Crude oil (MBBL)
Argentina 32 32 33
Colombia 43 42 38
Total 75 74 71
Natural gas (MMCF)
Argentina 21 22 17
Bolivia 21 18 17
Total 42 40 34
Middle East/North Africa
Oil and liquids (MBBL)
Oman 23 20 18
Dolphin 21 4 —
Qatar 47 48 43
Yemen 21 25 29
Libya 15 22 23
Total 127 119 113
Natural gas (MMCF)
Oman 24 30 30
Dolphin 184 51 —
Total 208 81 30
Barrels of Oil Equivalent (MBOE) (a)
Subtotal Consolidated Subsidiaries 605 573 549
Colombia-minority interest (6)(5)(5)
Yemen-Occidental net interest 2 2 1
Total Worldwide Sales Volumes (MBOE) (b) 601 570 545
(See footnotes following the Average Sales Price table)
Production per Day 2008 2007 2006
United States
Oil and liquids (MBBL) 263 260 256
Natural gas (MMCF) 587 593 588
Latin America
Crude oil (MBBL)
Argentina 34 33 32
Colombia 44 42 38
Total 78 75 70
Natural gas (MMCF) 42 40 34
Middle East/North Africa
Oil and liquids (MBBL)
Oman 23 19 18
Dolphin 20 5 —
Qatar 47 47 44
Yemen 21 25 28