REVENUE (Tables)

12 Months Ended

Dec. 31, 2025

Revenue from Contract with Customer [Abstract]

Schedule of reconciliation of revenue from customers to total net sales

The following table reconciles revenue from customers to total net sales for the years ended December 31:


millions	2025		2024		2023
Revenue from customers	$	21,569	$	22,710	$	23,230
All other revenues	24		(691)		(74)
Net sales	$	21,593	$	22,019	$	23,156

Schedule of revenue from customers by segment, product, and geographical area

The table below presents the Company’s revenue from customers by segment, product and geographical area. The oil and gas segment typically sells its oil, NGL and natural gas at the lease or concession area. Excluding net marketing revenue, midstream and marketing segment revenues are shown by the location of sale.


millions	United States		International		Eliminations		Total
Year ended December 31, 2025
Oil and gas
Oil	$	14,459	$	2,715	$	—	$	17,174
NGL	1,897		352		—		2,249
Gas	1,017		352		—		1,369
Other	105		5		—		110
Segment total	$	17,478	$	3,424	$	—	$	20,902
Midstream and marketing	$	546	$	709	$	—	$	1,255




Eliminations	$	—	$	—	$	(588)	$	(588)
Consolidated	$	18,024	$	4,133	$	(588)	$	21,569

Year ended December 31, 2024
Oil and gas
Oil	$	15,604	$	2,940	$	—	$	18,544
NGL	1,865		390		—		2,255
Gas	514		361		—		875
Other	29		2		—		31
Segment total	$	18,012	$	3,693	$	—	$	21,705
Midstream and marketing	$	1,164	$	413	$	—	$	1,577
Eliminations	$	—	$	—	$	(572)	$	(572)
Consolidated	$	19,176	$	4,106	$	(572)	$	22,710

Year ended December 31, 2023
Oil and gas
Oil	$	14,893	$	3,057	$	—	$	17,950
NGL	1,619		372		—		1,991
Gas	970		335		—		1,305
Other	36		2		—		38
Segment total	$	17,518	$	3,766	$	—	$	21,284
Midstream and marketing	$	2,098	$	409	$	—	$	2,507
Eliminations	$	—	$	—	$	(561)	$	(561)
Consolidated	$	19,616	$	4,175	$	(561)	$	23,230

OCCIDENTAL PETROLEUM CORP /DE/ 10-K