Occidental Petroleum 2014 Annual Report Download - page 50
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in millions
2013
2012
Balance — Beginning of Year
$ 124
$ 189
Additions to capitalized exploratory well costs pending the determination of proved reserves
337
400
Reclassifications to property, plant and equipment based on the determination of proved reserves
(271)
(389)
Spin-off of California Resources
—
—
Capitalized exploratory well costs charged to expense
(50)
(76)
Balance — End of Year
$ 140
$ 124
Chemical
48