Occidental Petroleum 2015 Annual Report Download - page 91

Download and view the complete annual report

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.

Page out of 145

  • 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
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145

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.

85