Whenever possible, Occidental records environmental liabilities and expenses associated with current operations. Occidental then uses these records to determine its environmental remediation liability and recoveries. Occidental also records its remediation costs and recoveries in accordance with applicable laws and regulations. Occidental also records its liabilities and recoveries when a regulatory agency rejects or modifies its proposed remediation plan. Occidental typically records its environmental remediation costs in income and adjusts its expenses accordingly. Occidental also records its liabilities and recoveries when necessary. Occidental shares.