2019 Q4 Form 10-K Financial Statement

#000079746821000009 Filed on February 26, 2021

View on sec.gov

Income Statement

Concept 2019 Q4 2018 Q4 2018
Revenue $6.670B $4.570B $17.82B
YoY Change 45.95% 29.24% 42.5%
Cost Of Revenue $2.483B $1.954B $2.833B
YoY Change 27.07% 47.47% -3.57%
Gross Profit $4.187B $2.616B $14.99B
YoY Change 60.05% 18.32% 56.65%
Gross Profit Margin 62.77% 57.24% 84.11%
Selling, General & Admin $707.0M $579.0M $585.0M
YoY Change 22.11% 7.62% -66.28%
% of Gross Profit 16.89% 22.13% 3.9%
Research & Development $113.0M $50.00M $110.0M
YoY Change 126.0% -9.09% 34.15%
% of Gross Profit 2.7% 1.91% 0.73%
Depreciation & Amortization $2.271B $1.086B $3.977B
YoY Change 109.12% 0.93% -0.62%
% of Gross Profit 54.24% 41.51% 26.53%
Operating Expenses $3.750B $1.715B $585.0M
YoY Change 118.66% 2.76% -89.95%
Operating Profit $437.0M $901.0M $14.41B
YoY Change -51.5% 66.24% 284.06%
Interest Expense $403.0M $133.0M $774.0M
YoY Change 203.01% -480.0% 180.43%
% of Operating Profit 92.22% 14.76% 5.37%
Other Income/Expense, Net $331.0M
YoY Change -7.28%
Pretax Income -$869.0M $729.0M $5.608B
YoY Change -219.2% -5307.14% 322.29%
Income Tax $167.0M $151.0M $1.477B
% Of Pretax Income 20.71% 26.34%
Net Earnings -$1.139B $706.0M $4.131B
YoY Change -261.33% 42.05% 215.1%
Net Earnings / Revenue -17.08% 15.45% 23.18%
Basic Earnings Per Share $5.40
Diluted Earnings Per Share -$1.273M $934.1K $5.39
COMMON SHARES
Basic Shares Outstanding 761.7M shares
Diluted Shares Outstanding 763.3M shares

Balance Sheet

Concept 2019 Q4 2018 Q4 2018
SHORT-TERM ASSETS
Cash & Short-Term Investments $3.032B $3.033B $3.033B
YoY Change -0.03% 81.4% 81.4%
Cash & Equivalents $3.032B $3.033B $3.033B
Short-Term Investments
Other Short-Term Assets $1.432B $746.0M $746.0M
YoY Change 91.96% 1.77% -38.19%
Inventory $1.581B $1.260B $1.260B
Prepaid Expenses
Receivables $4.200B $4.900B $4.893B
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $14.63B $9.932B $9.932B
YoY Change 47.33% 20.1% 20.1%
LONG-TERM ASSETS
Property, Plant & Equipment $82.23B $31.44B $31.44B
YoY Change 161.57% 0.84% 0.84%
Goodwill
YoY Change
Intangibles $8.000M
YoY Change
Long-Term Investments $6.389B $1.680B $1.680B
YoY Change 280.3% 10.89% 10.89%
Other Assets $8.000M $8.000M
YoY Change 300.0% 300.0%
Total Long-Term Assets $92.56B $32.23B $33.92B
YoY Change 187.2% -4.53% 0.49%
TOTAL ASSETS
Total Short-Term Assets $14.63B $9.932B $9.932B
Total Long-Term Assets $92.56B $32.23B $33.92B
Total Assets $107.2B $42.16B $43.85B
YoY Change 154.25% 0.32% 4.35%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $4.910B $4.885B $4.885B
YoY Change 0.51% 10.82% 10.82%
Accrued Expenses $5.447B $2.411B $2.343B
YoY Change 125.92% -3.25% 4.18%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $51.00M $116.0M $116.0M
YoY Change -56.03% -76.8% -76.8%
Total Short-Term Liabilities $12.71B $7.412B $7.412B
YoY Change 71.41% 0.16% 0.16%
LONG-TERM LIABILITIES
Long-Term Debt $38.54B $10.20B $10.20B
YoY Change 277.78% 9.36% 9.36%
Other Long-Term Liabilities $3.858B $1.009B $4.004B
YoY Change 282.36% -13.83% -3.4%
Total Long-Term Liabilities $42.40B $11.21B $14.21B
YoY Change 278.19% 6.77% 5.43%
TOTAL LIABILITIES
Total Short-Term Liabilities $12.71B $7.412B $7.412B
Total Long-Term Liabilities $42.40B $11.21B $14.21B
Total Liabilities $55.10B $18.62B $22.52B
YoY Change 195.89% 4.04% 4.99%
SHAREHOLDERS EQUITY
Retained Earnings $20.18B $23.75B
YoY Change -15.03% 8.27%
Common Stock $15.16B $8.225B
YoY Change 84.36% 2.01%
Preferred Stock
YoY Change
Treasury Stock (at cost) $10.65B $10.47B
YoY Change 1.72% 14.23%
Treasury Stock Shares 150.3M shares 145.7M shares
Shareholders Equity $34.23B $21.33B $21.33B
YoY Change
Total Liabilities & Shareholders Equity $107.2B $43.85B $43.85B
YoY Change 144.42% 4.35% 4.35%

Cashflow Statement

Concept 2019 Q4 2018 Q4 2018
OPERATING ACTIVITIES
Net Income -$1.139B $706.0M $4.131B
YoY Change -261.33% 42.05% 215.1%
Depreciation, Depletion And Amortization $2.271B $1.086B $3.977B
YoY Change 109.12% 0.93% -0.62%
Cash From Operating Activities $2.009B $2.500B $7.669B
YoY Change -19.64% 75.93% 57.77%
INVESTING ACTIVITIES
Capital Expenditures -$2.171B -$1.337B $4.975B
YoY Change 62.38% 15.26% 38.23%
Acquisitions
YoY Change
Other Investing Activities $870.0M -$169.0M $182.0M
YoY Change -614.79% -181.64% -408.47%
Cash From Investing Activities -$1.301B -$1.506B -$3.206B
YoY Change -13.61% 58.03% 4.12%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $1.215B
YoY Change -40600.0%
Debt Paid & Issued, Net $500.0M
YoY Change
Cash From Financing Activities -2.499B -915.0M -$3.102B
YoY Change 173.11% 51.99% 32.39%
NET CHANGE
Cash From Operating Activities 2.009B 2.500B $7.669B
Cash From Investing Activities -1.301B -1.506B -$3.206B
Cash From Financing Activities -2.499B -915.0M -$3.102B
Net Change In Cash -1.791B 79.00M $1.361B
YoY Change -2367.09% -158.96% -342.6%
FREE CASH FLOW
Cash From Operating Activities $2.009B $2.500B $7.669B
Capital Expenditures -$2.171B -$1.337B $4.975B
Free Cash Flow $4.180B $3.837B $2.694B
YoY Change 8.94% 48.66% 113.47%

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28000000 USD
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CY2019 us-gaap Proceeds From Payments For Other Financing Activities
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257000000 USD
CY2018 us-gaap Proceeds From Payments For Other Financing Activities
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9000000 USD
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CY2019 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
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22196000000 USD
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CY2019 us-gaap Cash Provided By Used In Financing Activities Discontinued Operations
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CY2019 us-gaap Net Cash Provided By Used In Financing Activities
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22193000000 USD
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CY2019 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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541000000 USD
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3574000000 USD
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1672000000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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2194000000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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3574000000 USD
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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3033000000 USD
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CY2019Q4 us-gaap Accounts Receivable Net Current
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424000000 USD
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112000000 USD
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108000000 USD
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CapitalizedExploratoryWellCostPurchaseAllocation
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CY2019 oxy Capitalized Exploratory Well Cost Purchase Allocation
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231000000 USD
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CY2020 us-gaap Capitalized Exploratory Well Cost Additions Pending Determination Of Proved Reserves
CapitalizedExploratoryWellCostAdditionsPendingDeterminationOfProvedReserves
122000000 USD
CY2019 us-gaap Capitalized Exploratory Well Cost Additions Pending Determination Of Proved Reserves
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383000000 USD
CY2018 us-gaap Capitalized Exploratory Well Cost Additions Pending Determination Of Proved Reserves
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220000000 USD
CY2020 us-gaap Reclassification To Well Facilities And Equipment Based On Determination Of Proved Reserves
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309000000 USD
CY2019 us-gaap Reclassification To Well Facilities And Equipment Based On Determination Of Proved Reserves
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230000000 USD
CY2018 us-gaap Reclassification To Well Facilities And Equipment Based On Determination Of Proved Reserves
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198000000 USD
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CapitalizedExploratoryWellCostChargedToExpense1
26000000 USD
CY2019 us-gaap Capitalized Exploratory Well Cost Charged To Expense1
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CY2018 us-gaap Capitalized Exploratory Well Cost Charged To Expense1
CapitalizedExploratoryWellCostChargedToExpense1
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CY2020Q4 us-gaap Capitalized Exploratory Well Costs
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CY2019Q4 us-gaap Capitalized Exploratory Well Costs
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424000000 USD
CY2018Q4 us-gaap Capitalized Exploratory Well Costs
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112000000 USD
CY2020Q4 us-gaap Capitalized Costs Mineral Interests In Unproved Properties
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18600000000 USD
CY2019Q4 us-gaap Capitalized Costs Mineral Interests In Unproved Properties
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29500000000 USD
CY2020Q1 us-gaap Goodwill Impairment Loss
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461000000 USD
CY2019Q4 us-gaap Employee Related Liabilities Current
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1200000000 USD
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189000000 USD
CY2019Q4 us-gaap Dividends Payable Current And Noncurrent
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1100000000 USD
CY2019Q4 us-gaap Derivative Liabilities Current
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P10Y
CY2019Q4 us-gaap Asset Retirement Obligation
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CY2019 oxy Asset Retirement Obligation Liabilities Assumedin Business Combination
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3370000000 USD
CY2020 us-gaap Asset Retirement Obligation Liabilities Incurred
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CY2019 us-gaap Asset Retirement Obligation Liabilities Incurred
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CY2020 us-gaap Asset Retirement Obligation Liabilities Settled
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186000000 USD
CY2019 us-gaap Asset Retirement Obligation Liabilities Settled
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200000000 USD
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CY2019 us-gaap Asset Retirement Obligation Accretion Expense
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131000000 USD
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AssetRetirementObligationAcquisitionsAndOther
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AssetRetirementObligationAcquisitionsAndOther
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CY2020 oxy Asset Retirement Obligation Variable Interest Entity Lossof Control
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CY2019 oxy Asset Retirement Obligation Variable Interest Entity Lossof Control
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359000000 USD
CY2020 us-gaap Asset Retirement Obligation Revision Of Estimate
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CY2019 us-gaap Asset Retirement Obligation Revision Of Estimate
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147000000 USD
CY2020Q4 us-gaap Asset Retirement Obligation
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4130000000 USD
CY2019Q4 us-gaap Asset Retirement Obligation
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CY2019Q4 us-gaap Asset Retirement Obligation Current
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CY2019Q4 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
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485000000 USD
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CY2020Q4 us-gaap Revenue Remaining Performance Obligation
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CY2019 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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CY2020 oxy All Other Revenues
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CY2019 oxy All Other Revenues
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CY2020 us-gaap Revenues
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CY2019 us-gaap Revenues
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CY2019 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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19192000000 USD
CY2020Q4 us-gaap Inventory Raw Materials
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CY2019Q4 us-gaap Inventory Raw Materials
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CY2019Q4 us-gaap Other Inventory Supplies
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CY2020Q4 us-gaap Inventory Finished Goods
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CY2019Q4 us-gaap Inventory Finished Goods
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CY2019Q4 us-gaap Inventory Gross
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CY2019Q4 us-gaap Inventory Lifo Reserve
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CY2020Q4 us-gaap Inventory Net
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CY2019Q4 us-gaap Inventory Net
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CY2019Q4 us-gaap Finance Lease Liability Current
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CY2020Q4 oxy Finance Lease Liability Current Maturities
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CY2019Q4 oxy Finance Lease Liability Current Maturities
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51000000 USD
CY2020Q4 oxy Long Term Debt Current Maturities Excluding Finance Leases
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398000000 USD
CY2019Q4 oxy Long Term Debt Current Maturities Excluding Finance Leases
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CY2020Q4 us-gaap Debt Instrument Carrying Amount
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CY2020Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
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CY2020Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
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CY2020Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
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CY2020Q4 oxy Long Term Debt Maturity Year Five And After
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CY2020Q4 us-gaap Debt Instrument Face Amount
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CY2019Q4 oxy Variable Rate Debt As Percentage Of Long Term Debt Gross
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CY2020Q4 us-gaap Finance Lease Liability
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CY2020Q4 us-gaap Finance Lease Right Of Use Asset
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CY2019Q4 us-gaap Finance Lease Right Of Use Asset
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CY2020Q4 oxy Lease Rightof Use Asset
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CY2019Q4 oxy Lease Rightof Use Asset
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CY2019Q4 us-gaap Operating Lease Liability Current
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CY2019Q4 us-gaap Finance Lease Liability Current
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CY2020Q4 us-gaap Operating Lease Liability Noncurrent
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CY2019Q4 us-gaap Operating Lease Liability Noncurrent
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CY2020Q4 us-gaap Finance Lease Liability Noncurrent
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CY2019Q4 us-gaap Finance Lease Liability Noncurrent
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CY2020Q4 oxy Lease Liability
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CY2019Q4 oxy Lease Liability
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CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
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CY2020Q4 us-gaap Finance Lease Liability Payments Due Next Twelve Months
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CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
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CY2020Q4 oxy Operatingand Finance Lease Liability Payments Due Year Two
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CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
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CY2020Q4 us-gaap Finance Lease Liability Payments Due Year Three
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CY2020Q4 oxy Operatingand Finance Lease Liability Payments Due Year Three
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CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
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CY2020Q4 us-gaap Finance Lease Liability Payments Due Year Four
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CY2020Q4 oxy Operatingand Finance Lease Liability Payments Due Year Four
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133000000 USD
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
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71000000 USD
CY2020Q4 us-gaap Finance Lease Liability Payments Due Year Five
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CY2020Q4 oxy Operatingand Finance Lease Liability Payments Due Year Five
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101000000 USD
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
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385000000 USD
CY2020Q4 us-gaap Finance Lease Liability Payments Due After Year Five
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231000000 USD
CY2020Q4 oxy Operatingand Finance Lease Liability Payments Dueafter Year Five
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616000000 USD
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due
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CY2020Q4 us-gaap Finance Lease Liability Payments Due
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CY2020Q4 oxy Operatingand Finance Lease Liability Payments Due
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1724000000 USD
CY2020Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
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175000000 USD
CY2020Q4 us-gaap Finance Lease Liability Undiscounted Excess Amount
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77000000 USD
CY2020Q4 oxy Operatingand Finance Lease Liability Undiscounted Excess Amount
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252000000 USD
CY2020Q4 us-gaap Operating Lease Liability
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CY2020Q4 us-gaap Finance Lease Liability
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358000000 USD
CY2020Q4 oxy Operatingand Finance Lease Liability
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1472000000 USD
CY2020Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
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CY2020Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
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CY2020Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
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P10Y7M6D
CY2020Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
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CY2020 us-gaap Finance Lease Right Of Use Asset Amortization
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CY2019 us-gaap Finance Lease Right Of Use Asset Amortization
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19000000 USD
CY2020 us-gaap Finance Lease Interest Expense
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CY2019 us-gaap Finance Lease Interest Expense
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CY2020 us-gaap Lease Cost
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CY2019 us-gaap Lease Cost
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CY2020 us-gaap Short Term Lease Cost
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207000000 USD
CY2019 us-gaap Short Term Lease Cost
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404000000 USD
CY2020 us-gaap Variable Lease Cost
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95000000 USD
CY2019 us-gaap Variable Lease Cost
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162000000 USD
CY2020 us-gaap Operating Lease Payments
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506000000 USD
CY2019 us-gaap Operating Lease Payments
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262000000 USD
CY2020 us-gaap Operating Lease Payments Use
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89000000 USD
CY2019 us-gaap Operating Lease Payments Use
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112000000 USD
CY2020 us-gaap Finance Lease Principal Payments
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29000000 USD
CY2019 us-gaap Finance Lease Principal Payments
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19000000 USD
CY2020 us-gaap Proceeds From Derivative Instrument Investing Activities
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960000000 USD
CY2020Q4 oxy Environmental Remediation Sites Number
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CY2020Q4 us-gaap Accrued Environmental Loss Contingencies Current
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123000000 USD
CY2019Q4 us-gaap Accrued Environmental Loss Contingencies Current
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162000000 USD
CY2020Q4 us-gaap Accrued Environmental Loss Contingencies Noncurrent
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1030000000.00 USD
CY2019Q4 us-gaap Accrued Environmental Loss Contingencies Noncurrent
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1040000000.00 USD
CY2020Q4 oxy Environmental Remediation Sites Number
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170 site
CY2020Q4 us-gaap Accrual For Environmental Loss Contingencies
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1151000000 USD
CY2019Q4 oxy Environmental Remediation Sites Number
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177 site
CY2019Q4 us-gaap Accrual For Environmental Loss Contingencies
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1197000000 USD
CY2020Q4 oxy Environmental Reserves Exceeding Ten Million Threshold Value Site Category
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10000000 USD
CY2020Q4 oxy Environmental Reserves Exceeding Ten Million Site Category Number Of Sites
EnvironmentalReservesExceedingTenMillionSiteCategoryNumberOfSites
19 site
CY2020Q4 oxy Environmental Remediation Sites Number
EnvironmentalRemediationSitesNumber
170 site
CY2020Q4 oxy Environmental Reserves Range Between Zero To One Million Site Category Number Of Sites
EnvironmentalReservesRangeBetweenZeroToOneMillionSiteCategoryNumberOfSites
96 site
CY2020 us-gaap Environmental Remediation Expense
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36000000 USD
CY2019 us-gaap Environmental Remediation Expense
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112000000 USD
CY2018 us-gaap Environmental Remediation Expense
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47000000 USD
CY2020 oxy Percent Of Environmental Reserves To Be Funded In Three To Four Years
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0.45
CY2020 oxy Minimum Period Of Expending Second Half Of Environmental Reserves
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P10Y
CY2020Q4 oxy Environmental Remediation Possible Additional Loss Beyond Accruals
EnvironmentalRemediationPossibleAdditionalLossBeyondAccruals
1100000000 USD
CY2018Q4 oxy Loss Contingency Potential Income Tax Expense Benefit
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925000000 USD
CY2020Q4 us-gaap Purchase Obligation
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13200000000 USD
CY2020Q4 us-gaap Purchase Obligation Due In Next Twelve Months
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2800000000 USD
CY2020Q4 us-gaap Purchase Obligation Due In Second And Third Year
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4400000000 USD
CY2020Q4 us-gaap Purchase Obligation Due In Fourth And Fifth Year
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3000000000.0 USD
CY2020Q4 oxy Purchase Obligation Duein Fifth Yearand Thereafter
PurchaseObligationDueinFifthYearandThereafter
3000000000.0 USD
CY2020 oxy Income Loss From Continuing Operations Before Income Taxes After Income Loss From Equity Method Investments Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesAfterIncomeLossFromEquityMethodInvestmentsDomestic
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31437000000 USD

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