Occidental Petroleum 2012 Annual Report Download - page 73
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Footnotes:
(a) Oil sales represented approximately 90 percent, 87 percent and 86 percent of the oil and gas segment net sales for the years ended December 31, 2012, 2011 and 2010, respectively.
(b) Net sales for the chemical segment comprised the following products:
Basic Chemicals
Vinyls
Other Chemicals
Year ended December 31, 2011
58%
39%
3%
Year ended December 31, 2010
57%
40%
3%
(c) Net sales for the midstream and marketing segment comprised the following:
Gas Processing
Power
Marketing, Trading,
Transportation and other
Year ended December 31, 2011
64%
27%
9%
Year ended December 31, 2010
52%
27%
21%
(d) The 2012 amount includes pre-tax charges of $1.7 billion for the impairment of domestic gas assets and related items. The 2011 amount includes pre-tax charges of $35 million related to
exploration write-offs in Libya and $29 million related to a Colombian net worth tax, and a pre-tax gain for the sale of an interest in a Colombian pipeline of $22 million. The 2010
amount includes a $275 million pre-tax charge for asset impairments, predominantly of gas properties in the Rocky Mountain region.
(e) Includes amounts attributable to common stock after deducting a noncontrolling interest amount of $72 million.
(f) Includes unallocated net interest expense, administration expense, environmental remediation and other pre-tax items noted in footnote (h) below.
(g) Includes all foreign and domestic income taxes from continuing operations.
(h) Includes the following significant items affecting earnings for the years ended December 31:
Benefit (Charge) (In millions)
2011
2010
Premium on debt extinguishments
$(163)
$—
Litigation reserves
—
—
$(163)
$—
State income tax charge
$(33)
$—
Foreign tax credit carryforwards
—
80
Tax effect of pre-tax adjustments *
50
100
$ 17
$ 180
* Amounts represent the tax effect of all pre-tax adjustments listed, as well as those in footnote (d).
(i) Includes capital expenditures and capitalized interest, but excludes purchases of assets, net. Also includes amounts attributable to the noncontrolling interest in a Colombian subsidiary
for 2010.
(j) Includes Argentine assets, which were classified as held for sale.
GEOGRAPHIC AREAS
Net sales (a)
Property, plant and equipment, net
For the years ended December 31,
2011
2010
2011
2010
United States
$15,040
$12,151
$36,283
$28,571
Foreign
Qatar
3,432
2,677
2,735
2,823
Oman
2,500
1,666
2,143
1,967
Colombia
1,054
999
854
715
Yemen
907
766
245
347
Bahrain
187
100
477
222
United Arab Emirates
—
—
971
1
Other Foreign
819
686
1,976
1,890
Total Foreign
8,899
6,894
9,401
7,965
Total
$23,939
$19,045
$45,684
$36,536
(a) Sales are shown by individual country based on the location of the entity making the sale.