EXHIBIT 12

OCCIDENTAL PETROLEUM CORPORATION AND SUBSIDIARIES

COMPUTATION OF TOTAL ENTERPRISE RATIOS OF EARNINGS TO FIXED CHARGES

(Amounts in millions, except ratios)

		Six Months Ended					Year Ended
		June 30					December 31
			2005			2004		2004			2003		2002			2001		2000
Income from continuing
operations		$	2,382		$	1,073	$	2,606		$	1,601	$	1,181		$	1,182	$	1,559
Add:
Minority interest(a)			50			36		75			62		77			143		185
Adjusted income from equity investments(b)			(45	)		6		(6	)		69		308			89		31
			2,387			1,115		2,675			1,732		1,566			1,414		1,775
Add:
Provision for taxes on
income (other than           foreign oil and gas taxes)			111			407		982			682		(41	)		172		871
Interest and debt expense(c)			138			134		266			335		309			411		540
Portion of lease rentals
representative of the
interest factor			19			18		40			8		6			7		6
			268			559		1,288			1,025		274			590		1,417
Earnings before fixed charges		$	2,655		$	1,674	$	3,963		$	2,757	$	1,840		$	2,004	$	3,192
Fixed charges
Interest and debt expense
including capitalized
interest(c)		$	145		$	136	$	281		$	341	$	321		$	417	$	543
Portion of lease rentals
representative of the
interest factor			19			18		40			8		6			7		6
Total fixed charges		$	164		$	154	$	321		$	349	$	327		$	424	$	549
Ratio of earnings to fixed charges			16.17			10.87		12.35			7.90		5.63			4.73		5.81
(a)	Represents minority interests in net income of majority-owned subsidiaries and partnerships having fixed charges.
(b)	Represents income from less-than-50-percent-owned equity investments adjusted to reflect only dividends received.

(c) Includes proportionate share of interest and debt expense of 50-percent-owned equity investments.