Occidental Petroleum 2014 Annual Report Download - page 90
Download and view the complete annual report
Please find page 90 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.-
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
-
146
-
147
-
148
 |
 |
Changes in the Standardized Measure of Discounted Future
Net Cash Flows From Proved Reserve Quantities
in millions
For the years ended December 31,
2013
2012
$ 29,683
$ 31,313
Sales and transfers of oil and gas produced, net of production costs and other operating expenses
(12,324)
(12,124)
Net change in prices received per barrel, net of production costs and other operating expenses
2,000
(1,590)
Extensions, discoveries and improved recovery, net of future production and development costs
4,792
3,728
Change in estimated future development costs
(3,546)
(4,769)
Revisions of quantity estimates
(475)
(653)
Previously estimated development costs incurred during the period
2,926
3,143
Accretion of discount
3,325
3,692
Net change in income taxes
2,183
4,152
Purchases and sales of reserves in place, net
518
856
Changes in production rates and other
1,330
1,935
729
(1,630)
$ 30,412
$ 29,683
Average Sales Prices
United
Latin
Middle East/
States
America
North Africa
Total
Oil
—
Average sales price ($/bbl)
NGLs
—
Average sales price ($/bbl)
Gas
—
Average sales price ($/mcf)
2013
Oil
—
Average sales price ($/bbl)
$ 92.48
$ 103.21 $ 104.48
$ 98.81
NGLs
—
Average sales price ($/bbl)
$ 38.65
$ — $ 33.00
$ 38.00
Gas
—
Average sales price ($/mcf)
$ 3.22
$ 11.17 $ 0.76
$ 2.23
2012
Oil
—
Average sales price ($/bbl)
$ 88.25
$ 98.35 $ 108.76
$ 98.90
NGLs
—
Average sales price ($/bbl)
$ 44.06
$ — $ 37.74
$ 43.21
Gas
—
Average sales price ($/mcf)
$ 2.48
$ 11.85 $ 0.76
$ 1.85
88