Occidental Petroleum 2014 Annual Report Download - page 58
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Please find page 58 of the 2014 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.Derivatives Not Designated as Hedging Instruments
Net Outstanding Position
Long / (Short)
Commodity
2013
Oil (million barrels)
(22)
Natural gas (billion cubic feet)
(10)
CO2 (million cubic feet)
—
Fair Value of Derivatives
(in millions)
Cash-flow hedges (a)
Commodity contracts
Other current assets
Accrued liabilities
Long-term receivables and other assets, net
Deferred credits and other liabilities
Derivatives not designated as
hedging instruments (a)
Commodity contracts
Other current assets
Accrued liabilities
Long-term receivables and other assets, net
Deferred credits and other liabilities
Total gross fair value
Less: counterparty netting and cash
collateral (b) (d)
Total net fair value of derivatives
56