Occidental Petroleum 2014 Annual Report Download - page 89
Download and view the complete annual report
Please find page 89 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.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
$ 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
Future cash inflows
$ 104,353
$ 10,574 $ 48,914
$ 163,841
Future costs
Production costs and other operating expenses
(41,812)
(3,562)
(11,922)
(57,296)
Development costs (a)
(9,929)
(541)
(5,539)
(16,009)
Future income tax expense
(14,199)
(2,023)
(14,165)
(30,387)
38,413
4,448
17,288
60,149
Ten percent discount factor
(21,998)
(1,812)
(6,656)
(30,466)
$ 16,415
$ 2,636
$ 10,632
$ 29,683
(a) Includes asset retirement costs.
87