Exhibit 99.3

EX-99 5 ex993-20071024.htm EXHIBIT 99.3 Exhibit 99.3

EXHIBIT 99.3

Investor Relations Supplemental Schedules

Investor Relations Supplemental Schedules

Summary

($ Millions)

	3Q 2007	3Q 2006
Reported Net Income	$1,324	$1,170
EPS - Diluted	$1.58	$1.36
Core Results	$1,210	$1,103
EPS - Diluted	$1.45	$1.28
Total Worldwide Production (mboe/day)	570	533
Total Worldwide Crude Oil Realizations ($/BBL)	$67.81	$61.83
Domestic Natural Gas Realizations ($/MCF)	$5.90	$5.88
Wtd. Average Basic Shares O/S (mm)	833.1	852.8
Wtd. Average Diluted Shares O/S (mm)	837.0	860.3
	YTD 2007	YTD 2006
Reported Net Income	$3,948	$3,261
EPS - Diluted	$4.69	$3.78
Core Results	$2,941	$3,332
EPS - Diluted	$3.50	$3.86
Total Worldwide Production (mboe/day)	563	539
Total Worldwide Crude Oil Realizations ($/BBL)	$59.47	$59.61
Domestic Natural Gas Realizations ($/MCF)	$6.45	$6.79
Wtd. Average Basic Shares O/S (mm)	837.0	854.2
Wtd. Average Diluted Shares O/S (mm)	840.9	863.0
Shares Outstanding (mm)	828.6	841.1
Cash Flow from Operations	$4,300	$4,800

Investor Relations Supplemental Schedules

OCCIDENTAL PETROLEUM

2007 Third Quarter

Net Income (Loss)

($ millions)

	Reported Income			Significant Items Affecting Income				Core Results
Oil & Gas	$	2,029		$	(12	)	Sale of oil & gas interests	$	1,988
					74		Exploration Impairments
					(103	)	Sale of exploration properties
Chemical		212							212
Corporate
Interest expense, net		(11	)						(11	)
Other		(52	)		(42	)	Sale of Lyondell shares		(94	)
Taxes		(862	)		(23	)	Tax effect of adjustments		(885	)
					-
Income from continuing operations		1,316			(106	)			1,210
Discontinued operations, net of tax		8			(8	)	Discontinued operations, net		-
Net Income	$	1,324		$	(114	)		$	1,210
Basic Earnings Per Common Share
Income from continuing operations	$	1.58
Discontinued operations, net		0.01
Net Income	$	1.59						$	1.45
Diluted Earnings Per Common Share
Income from continuing operations	$	1.57
Discontinued operations, net		0.01
Net Income	$	1.58						$	1.45

Investor Relations Supplemental Schedules

OCCIDENTAL PETROLEUM

2006 Third Quarter

Net Income (Loss)

($ millions)

	Reported Income			Significant Items Affecting Income				Core Results
Oil & Gas	$	1,790						$	1,790
Chemical		248							248
Corporate
Interest expense, net		(18	)						(18	)
Other		(59	)						(59	)
Taxes		(858	)						(858	)

Income from continuing operations		1,103			-				1,103
Discontinued operations, net of tax		67			(67	)	Discontinued operations, net		-
Net Income	$	1,170		$	(67	)		$	1,103
Basic Earnings Per Common Share
Income from continuing operations	$	1.29
Discontinued operations, net		0.08
Net Income	$	1.37						$	1.29
Diluted Earnings Per Common Share
Income from continuing operations	$	1.28
Discontinued operations, net		0.08
Net Income	$	1.36						$	1.28

Investor Relations Supplemental Schedules

OCCIDENTAL PETROLEUM

2007 First Nine Months

Net Income (Loss)

($ millions)

	Reported Income			Significant Items Affecting Income				Core Results
Oil & Gas	$	5,719		$	(412	)	Sale of Russia	$	5,131
					(112	)	Litigation settlements
					(35	)	Sale of oil & gas interests
					74		Exploration Impairments
					(103	)	Sale of exploration properties
Chemical		507							507
Corporate
Interest expense, net		(186	)		167		Debt purchases		(19	)
Other		40			47		Plant closure		(239	)
					(326	)	Sale of Lyondell shares
Taxes		(2,450	)		11		Tax effect of adjustments		(2,439	)
					-
Income from continuing operations		3,630			(689	)			2,941
Discontinued operations, net of tax		318			(318	)	Discontinued operations		-
Net Income	$	3,948		$	(1,007	)		$	2,941
Basic Earnings Per Common Share
Income from continuing operations	$	4.34
Discontinued operations, net		0.38
Net Income	$	4.72						$	3.51
Diluted Earnings Per Common Share
Income from continuing operations	$	4.31
Discontinued operations, net		0.38
Net Income	$	4.69						$	3.50

Investor Relations Supplemental Schedules

OCCIDENTAL PETROLEUM

2006 First Nine Months

Net Income (Loss)

($ millions)

	Reported Income			Significant Items Affecting Income			Core Results
Oil & Gas	$	5,458					$	5,458
Chemical		749						749
Corporate
Interest expense, net		(80	)					(80	)
Other		(212	)					(212	)
Taxes		(2,583	)					(2,583	)

Income from continuing operations		3,332			-			3,332
Discontinued operations, net of tax		(71	)		71	Discontinued operations, net		-
Net Income	$	3,261		$	71		$	3,332
Basic Earnings Per Common Share
Income from continuing operations	$	3.90
Discontinued operations, net of tax		(0.08	)
Net Income	$	3.82					$	3.90
Diluted Earnings Per Common Share
Income from continuing operations	$	3.86
Discontinued operations, net of tax		(0.08	)
Net Income	$	3.78					$	3.86

Investor Relations Supplemental Schedules

OCCIDENTAL PETROLEUM

Items Affecting Comparability of Core Results Between Periods

The item(s) below are included in core results and are shown in this table

because they affect the comparability between periods.

Pre-tax
Income / (Expense)	Third Quarter		Nine Months
	2007	2006	2007	2006
Corporate
Environmental remediation	(10)	(8)	(24)	(24)
Severance	(8)	(2)	(13)	(11)

Investor Relations Supplemental Schedules

OCCIDENTAL PETROLEUM

Worldwide Effective Tax Rate

	QUARTERLY						YEAR-TO-DATE
	2007		2007		2006		2007		2006
REPORTED INCOME	QTR 3		QTR 2		QTR 3		9 Months		9 Months
Oil & Gas (a)	2,029		1,682		1,790		5,719		5,458
Chemicals	212		158		248		507		749
Corporate & other	(63	)	209		(77	)	(146	)	(292	)
Pre-tax income	2,178		2,049		1,961		6,080		5,915
Income tax expense
Federal and state	363		456		416		1,085		1,251
Foreign (a)	499		448		442		1,365		1,332
Total	862		904		858		2,450		2,583

Income from continuing operations	1,316		1,145		1,103		3,630		3,332
Worldwide effective tax rate	40%		44%		44%		40%		44%
	2007		2007		2006		2007		2006
CORE RESULTS	QTR 3		QTR 2		QTR 3		9 Months		9 Months
Oil & Gas (a)	1,988		1,656		1,790		5,131		5,458
Chemicals	212		158		248		507		749
Corporate & other	(105	)	(80	)	(77	)	(258	)	(292	)
Pre-tax income	2,095		1,734		1,961		5,380		5,915
Income tax expense
Federal and state	386		343		416		1,074		1,251
Foreign (a)	499		448		442		1,365		1,332
Total	885		791		858		2,439		2,583

Core results	1,210		943		1,103		2,941		3,332
Worldwide effective tax rate	42%		46%		44%		45%		44%

(a) Revenues and income tax expense include taxes owed by Occidental but paid by governmental entities on its behalf. Oil and gas pre-tax income includes the following revenue amounts by periods.

2007

2006

2007

2006

QTR 3

QTR 2

QTR 3

9 Months

331

300

299

919

871

Investor Relations Supplemental Schedules

OCCIDENTAL PETROLEUM

2007 Third Quarter Net Income (Loss)

Reported Income Comparison

	Third			Second
	Quarter			Quarter
	2007			2007			B / (W)
Oil & Gas	$	2,029		$	1,682		$	347
Chemical		212			158			54
Corporate
Interest expense, net		(11	)		6			(17	)
Other		(52	)		203			(255	)
Taxes		(862	)		(904	)		42
Income from continuing operations		1,316			1,145			171
Discontinued operations, net		8			267			(259	)
Net Income	$	1,324		$	1,412		$	(88	)
Earnings Per Common Share
Basic	$	1.59		$	1.68		$	(0.09	)
Diluted	$	1.58		$	1.68		$	(0.10	)
Worldwide Effective Tax Rate	40%			44%			4%

OCCIDENTAL PETROLEUM

2007 Third Quarter Net Income (Loss)

Core Results Comparison

	Third			Second
	Quarter			Quarter
	2007			2007			B / (W)
Oil & Gas	$	1,988		$	1,656		$	332
Chemical		212			158			54
Corporate
Interest expense, net		(11	)		1			(12	)
Other		(94	)		(81	)		(13	)
Taxes		(885	)		(791	)		(94	)
Core Results	$	1,210		$	943		$	267
Core Results Per Common Share
Basic	$	1.45		$	1.13		$	0.32
Diluted	$	1.45		$	1.12		$	0.33
Worldwide Effective Tax Rate	42%			46%			4%

Investor Relations Supplemental Schedules

OCCIDENTAL PETROLEUM

Oil & Gas

Variance Analysis 3Q07 vs. 2Q07

($ millions)

* Higher operating expense

OCCIDENTAL PETROLEUM

Chemical

Variance Analysis 3Q07 vs. 2Q07

($ millions)

Investor Relations Supplemental Schedules

OCCIDENTAL PETROLEUM

2007 Third Quarter Net Income (Loss)

Reported Income Comparison

	Third			Third
	Quarter			Quarter
	2007			2006			B / (W)
Oil & Gas	$	2,029		$	1,790		$	239
Chemical		212			248			(36	)
Corporate
Interest expense, net		(11	)		(18	)		7
Other		(52	)		(59	)		7
Taxes		(862	)		(858	)		(4	)
Income from continuing operations		1,316			1,103			213
Discontinued operations, net		8			67			(59	)
Net Income	$	1,324		$	1,170		$	154
Earnings Per Common Share
Basic	$	1.59		$	1.37		$	0.22
Diluted	$	1.58		$	1.36		$	0.22
Worldwide Effective Tax Rate	40%			44%			4%

OCCIDENTAL PETROLEUM

2007 Third Quarter Net Income (Loss)

Core Results Comparison

	Third			Third
	Quarter			Quarter
	2007			2006			B / (W)
Oil & Gas	$	1,988		$	1,790		$	198
Chemical		212			248			(36	)
Corporate
Interest expense, net		(11	)		(18	)		7
Other		(94	)		(59	)		(35	)
Taxes		(885	)		(858	)		(27	)
Core Results	$	1,210		$	1,103		$	107
Core Results Per Common Share
Basic	$	1.45		$	1.29		$	0.16
Diluted	$	1.45		$	1.28		$	0.17
Worldwide Effective Tax Rate	42%			44%			2%

Investor Relations Supplemental Schedules

OCCIDENTAL PETROLEUM

Oil & Gas

Variance Analysis 3Q07 vs. 3Q06

($ millions)

* DD&A rate increase (40) and higher operating expenses

OCCIDENTAL PETROLEUM

Chemical

Variance Analysis 3Q07 vs. 3Q06

($ millions)

* Lower energy and feedstock costs

Investor Relations Supplemental Schedules

OCCIDENTAL PETROLEUM

SUMMARY OF OPERATING STATISTICS

	Third Quarter				Nine Months
	2007		2006		2007		2006
NET PRODUCTION PER DAY:
United States
Crude Oil and Liquids (MBL)
California	90		84		89		83
Permian	171		168		167		167
Hugoton and other	4		3		3		3
Total	265		255		259		253
Natural Gas (MMCF)
California	264		255		254		254
Hugoton and other	158		139		154		137
Permian	182		198		189		194
Total	604		592		597		585
Latin America
Crude Oil (MBL)
Argentina	31		37		33		33
Colombia	42		33		43		35
Total	73		70		76		68
Natural Gas (MMCF)
Argentina	22		19		24		18
Bolivia	18		16		17		16
Total	40		35		41		34
Middle East / North Africa
Crude Oil (MBL)
Oman	18		17		20		17
Dolphin	3		-		1		-
Qatar	46		41		46		43
Yemen	22		27		26		30
Libya	20		15		22		21
Total	109		100		115		111
Natural Gas (MMCF)
Oman	34		35		31		32
Dolphin	69		-		23		-
Total	103		35		54		32
Barrels of Oil Equivalent (MBOE)
Subtotal consolidated subsidiaries	572		535		566		541
Other interests
Colombia - minority interest	(4	)	(4	)	(5	)	(4	)
Yemen - Occidental net interest	2		2		2		2
Total worldwide production - MBOE	570		533		563		539

Investor Relations Supplemental Schedules

OCCIDENTAL PETROLEUM

SUMMARY OF OPERATING STATISTICS

	Third Quarter				Nine Months
	2007		2006		2007		2006
OIL & GAS:
PRICES
United States
Crude Oil ($/BBL)		68.83		62.38		59.71		59.74
Natural gas ($/MCF)		5.90		5.88		6.45		6.79
Latin America
Crude Oil ($/BBL)		60.77		55.19		53.00		54.58
Natural Gas ($/MCF)		2.68		2.08		2.31		1.91
Middle East / North Africa
Crude Oil ($/BBL)		71.30		65.84		63.93		62.85
Natural Gas ($/MCF)		1.01		0.97		0.99		0.96
Total Worldwide
Crude Oil ($/BBL)		67.81		61.83		59.47		59.61
Natural Gas ($/MCF)		5.05		5.42		5.78		6.25
	Third Quarter				Nine Months
	2007		2006		2007		2006
Exploration Expense
Domestic	$	73	$	27	$	100	$	75
Latin America		5		6		36		12
Middle East / North Africa		48		37		162		90
Other Eastern Hemisphere		-		4		23		18
TOTAL REPORTED	$	126	$	74	$	321	$	195
Less - non-core impairments		(58)		-		(58)		-
TOTAL CORE	$	68	$	74	$	263	$	195

Investor Relations Supplemental Schedules

OCCIDENTAL PETROLEUM

SUMMARY OF OPERATING STATISTICS

	Third Quarter				Nine Months
Capital Expenditures ($MM)	2007		2006		2007		2006
Oil & Gas
California	$	160	$	150	$	445	$	376
Permian		153		149		470		414
Other - U.S.		43		63		143		190
Latin America		136		98		359		223
Middle East / North Africa		315		226		924		623
Other Eastern Hemisphere		-		1		7		1
Chemicals		66		49		141		129
Corporate		7		11		21		21
TOTAL	$	880	$	747	$	2,510	$	1,977
Depreciation, Depletion &	Third Quarter				Nine Months
Amortization of Assets ($MM)	2007		2006		2007		2006
Oil & Gas
Domestic	$	286	$	229	$	787	$	636
Latin America		84		77		262		196
Middle East / North Africa		142		132		427		390
Chemicals		76		72		226		208
Corporate		14		6		38		16
TOTAL	$	602	$	516	$	1,740	$	1,446

Investor Relations Supplemental Schedules

OCCIDENTAL PETROLEUM

CORPORATE

($ millions)

	30-Sep-07			31-Dec-06
CAPITALIZATION
Long-Term Debt (including current maturities)		$	1,904		$	2,790
Subsidiary Preferred Stock			75			75
Others			25			25
Total Debt		$	2,004		$	2,890
EQUITY		$	21,901		$	19,252
Total Debt To Total Capitalization		8%			13%

Investor Relations Supplemental Schedules

See the investor relations supplemental schedules for the reconciliation of non-GAAP items. Statements in this presentation that contain words such as "will", "expect" or "estimate", or otherwise relate to the future, are forward-looking and involve risks and uncertainties that could materially affect expected results. Factors that could cause results to differ materially include, but are not limited to: exploration risks, such as drilling of unsuccessful wells; global commodity pricing fluctuations and supply/demand considerations for oil, gas and chemicals; higher-than-expected costs; political risk; and not successfully completing (or any material delay in) any expansion, capital expenditure, acquisition, or disposition. You should not place undue reliance on these forward-looking statements which speak only as of the date of this filing. Unless legally required, Occidental disclaims any obligation to update any forward-looking statements as a result of new information, future events or otherwise. U.S. investors are urged to consider carefully the disclosure in our Form 10-K, available through the following toll-free telephone number, 1-888-OXYPETE (1-888-699-7383) or on the Internet at http://www.oxy.com. You also can obtain a copy from the SEC by calling 1-800-SEC-0330.