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OXY » Topics » Item 8. Financial Statements and Supplementary Data, page 32

These excerpts taken from the OXY CORRESP filed May 14, 2008.

Item 8. Financial Statements and Supplementary Data, page 32

 

Consolidated Statements of Income, page 35

 

11.

We note that you have recorded interest, dividends and other income as well as gains of disposition of assets, net as a component of revenues. Please modify your current presentation such that these line items are not referred to as Revenue.

 

Response to Comment 11

 

In accordance with Rule 5-03 of Regulation S-X, the company has separately stated net sales of tangible products from other revenues which are included in the amounts for the captions Interest, dividends and other income and Gains on disposition of assets, net. In future filings we will revise the title of this section to “Revenues and other income”.

Occidental Response to SEC Letter

Page 7 of 12

May 14, 2008

 

 

Item 8. Financial Statements and Supplementary
Data, page 32



 



Consolidated Statements of Income, page
35



 







11.

We note that you have recorded interest,
dividends and other income as well as gains of disposition of assets, net as a component of revenues. Please modify your
current presentation such that these line items are not referred to as Revenue.



 



Response to Comment 11



 



In accordance with Rule 5-03 of Regulation S-X, the
company has separately stated net sales of tangible products from other revenues which are included in the amounts for the captions
Interest, dividends and other income and Gains on disposition of assets, net. In future filings we will revise the
title of this section to “Revenues and other income”.











Occidental Response to SEC Letter


Page 7 of 12

May 14, 2008


 



 



EXCERPTS ON THIS PAGE:

CORRESP (2 sections)
May 14, 2008

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