Occidental Petroleum 2015 Annual Report Download - page 91
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Please find page 91 of the 2015 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.STANDARDIZED MEASURE, INCLUDING YEAR-TO-YEAR CHANGES THEREIN, OF DISCOUNTED FUTURE NET CASH FLOWS
Standardized Measure of Discounted Future Net Cash Flows
in millions
United
Latin
Middle East/
States
America
North Africa
Total
Future cash inflows
Future costs
Production costs and other operating expenses
Development costs (a)
Future income tax expense
Ten percent discount factor
Future cash inflows
$ 122,377
$ 8,325 $ 48,684
$ 179,386
Future costs
Production costs and other operating expenses
(48,436)
(3,422)
(13,020)
(64,878)
Development costs (a)
(16,618)
(397)
(7,245)
(24,260)
Future income tax expense
(15,939)
(1,322)
(11,211)
(28,472)
41,384
3,184
17,208
61,776
Ten percent discount factor
(23,722)
(1,219)
(6,686)
(31,627)
$ 17,662
$ 1,965
$ 10,522
$ 30,149
Future cash inflows
$ 114,081
$ 9,076 $ 50,517
$ 173,674
Future costs
Production costs and other operating expenses
(43,569)
(3,375)
(13,043)
(59,987)
Development costs (a)
(12,038)
(477)
(7,084)
(19,599)
Future income tax expense
(16,689)
(1,571)
(13,182)
(31,442)
41,785
3,653
17,208
62,646
Ten percent discount factor
(24,080)
(1,557)
(6,597)
(32,234)
$ 17,705
$ 2,096
$ 10,611
$ 30,412
(a) Includes asset retirement costs.
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