Occidental Petroleum 2008 Annual Report Download - page 81

Download and view the complete annual report

Please find page 81 of the 2008 Occidental Petroleum annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 116

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116

INDUSTRY SEGMENTS
In millions
Oil and Gas Chemical
Midstream,
Marketing
and Other
Corporate
and
Eliminations Total
YEAR ENDED DECEMBER 31, 2008
Net sales $18,187(a) $5,112(b) $1,598(c) $(680) $ 24,217
Pretax operating profit (loss) $10,651(d) $669(e) $520 $(372)(f) $11,468
Income taxes — — — (4,629) (4,629)
Discontinued operations, net — — — 18 18
Net income (loss) $10,651(d) $669(e) $520 $(4,983)(g) $6,857
Investments in unconsolidated entities $84 $82 $1,087 $10 $1,263
Property, plant and equipment additions, net (h) $3,973 $245 $507 $101 $4,826
Depreciation, depletion and amortization $2,307 $311 $73 $19 $2,710
Total assets $28,522 $3,457 $6,424 $3,134 $41,537
YEAR ENDED DECEMBER 31, 2007
Net sales $13,304(a) $4,664(b) $1,388(c) $(572)$18,784
Pretax operating profit (loss) $7,957(d) $601 $367 $(340)(f) $8,585
Income taxes — — — (3,507) (3,507)
Discontinued operations, net — — — 322 322
Net income (loss) $7,957(d) $601 $367 $(3,525)(g) $5,400
Investments in unconsolidated entities $81 $118 $584 $ — $783
Property, plant and equipment additions, net (h) $2,994 $251 $244 $ 8 $3,497
Depreciation, depletion and amortization $1,992 $304 $67 $16 $2,379
Total assets $23,421 $3,814 $6,589 $2,695 $36,519
YEAR ENDED DECEMBER 31, 2006
Net sales $11,712(a) $4,815(b) $934(c) $(286)$17,175
Pretax operating profit (loss) $6,676 $906 $201 $(227)(f) $7,556
Income taxes — — — (3,354) (3,354)
Discontinued operations, net — — — (11) (11)
Net income (loss) $6,676 $906 $201 $(3,592)(g) $4,191
Investments in unconsolidated entities $126 $103 $586 $529 $1,344
Property, plant and equipment additions, net (h) $2,616 $251 $103 $17 $2,987
Depreciation, depletion and amortization $1,672 $279 $45 $12 $2,008
Total assets $21,923 $3,801 $3,845 $2,862 $32,431
(See footnotes on next page)
67
Footnotes: