Exhibit 99.3

EX-99 5 ex993-20090423.htm EXHIBIT 99.3 Exhibit 99.3

EXHIBIT 99.3

Investor Relations Supplemental Schedules

Investor Relations Supplemental Schedules

Summary

($ Millions)

	1Q 2009		1Q 2008

Reported Net Income	$368		$1,846
EPS - Diluted	$0.45		$2.22

Core Results	$407		$1,819
EPS - Diluted	$0.50		$2.19

Total Worldwide Sales Volumes (mboe/day)	654		607

Total Worldwide Crude Oil Realizations ($/BBL)	$39.29		$86.75
Domestic Natural Gas Realizations ($/MCF)	$3.54		$8.15

Wtd. Average Basic Shares O/S (mm)	811.8		825.5
Wtd. Average Diluted Shares O/S (mm)	814.4		829.8


Shares Outstanding (mm)	810.6		820.7


Operating
Cash Flow Before Working Capital	$1,300		$2,700
Working Capital Changes	(500	)	—
Cash Flow Before Working Capital	800		2,700

Investor Relations Supplemental Schedules

OCCIDENTAL PETROLEUM

2009 First Quarter

Net Income (Loss)

($ millions)

	Reported Income			Significant Items Affecting Income				Core Results
Oil & Gas	$	545		$	8		Rig terminations	$	553

Chemical		169							169

Midstream, marketing and other		14							14

Corporate
Interest expense, net		(20	)						(20	)

Other		(96	)		32		Severance		(49	)
					15		Railcar leases

Taxes		(241	)		(19	)	Tax effect of adjustments		(260	)

Income from continuing operations		371			36				407
Discontinued operations, net of tax		(3	)		3		Discontinued operations, net		—
Net Income	$	368		$	39			$	407


Basic Earnings Per Common Share
Income from continuing operations	$	0.45
Discontinued operations, net		—
Net Income	$	0.45						$	0.50

Diluted Earnings Per Common Share
Income from continuing operations	$	0.45
Discontinued operations, net		—
Net Income	$	0.45						$	0.50

Investor Relations Supplemental Schedules

OCCIDENTAL PETROLEUM

2008 First Quarter

Net Income (Loss)

($ millions)

	Reported Income			Significant Items Affecting Income				Core Results
Oil & Gas	$	2,888						$	2,888

Chemical		179							179

Midstream, marketing and other		123							123

Corporate
Interest expense, net		—							—

Other		(77	)						(77	)

Taxes		(1,294	)						(1,294	)

Income from continuing operations		1,819			—				1,819
Discontinued operations, net of tax		27			(27	)	Discontinued operations, net		—
Net Income	$	1,846		$	(27	)		$	1,819


Basic Earnings Per Common Share
Income from continuing operations	$	2.21
Discontinued operations, net		0.03
Net Income	$	2.24						$	2.20
Diluted Earnings Per Common Share
Income from continuing operations	$	2.19
Discontinued operations, net		0.03
Net Income	$	2.22						$	2.19

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)	First Quarter
	2009	2008
Corporate
Foreign Exchange Gains & (Losses)	37	(1	)

Investor Relations Supplemental Schedules

OCCIDENTAL PETROLEUM

Worldwide Effective Tax Rate

	QUARTERLY
	2009		2008		2008
REPORTED INCOME	QTR 1		QTR 4		QTR 1
Oil & Gas (a)	545		339		2,888
Chemicals	169		127		179
Midstream, marketing and other	14		170		123
Corporate & other	(116	)	(70	)	(77	)
Pre-tax income	612		566		3,113

Income tax expense
Federal and state	12		65		606
Foreign (a)	229		53		688
Total	241		118		1,294

Income from continuing operations	371		448		1,819

Worldwide effective tax rate	39%		21%		42%


	2009		2008		2008
CORE RESULTS	QTR 1		QTR 4		QTR 1
Oil & Gas (a)	553		996		2,888
Chemicals	169		217		179
Midstream, marketing and other	14		170		123
Corporate & other	(69	)	(70	)	(77	)
Pre-tax income	667		1,313		3,113

Income tax expense
Federal and state	31		131		606
Foreign (a)	229		225		688
Total	260		356		1,294

Core results	407		957		1,819

Worldwide effective tax rate	39%		27%		42%

(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.

2009

2008

QTR 1

QTR 4

QTR 1

202

250

488

Investor Relations Supplemental Schedules

OCCIDENTAL PETROLEUM

2009 First Quarter Net Income (Loss)

Reported Income Comparison

	First			Fourth
	Quarter			Quarter
	2009			2008			B / (W)
Oil & Gas	$	545		$	339		$	206
Chemical		169			127			42
Midstream, marketing and other		14			170			(156	)
Corporate
Interest expense, net		(20	)		(16	)		(4	)
Other		(96	)		(54	)		(42	)
Taxes		(241	)		(118	)		(123	)
Income from continuing operations		371			448			(77	)
Discontinued operations, net		(3	)		(5	)		2
Net Income	$	368		$	443		$	(75	)

Earnings Per Common Share
Basic	$	0.45		$	0.55		$	(0.10	)
Diluted	$	0.45		$	0.55		$	(0.10	)


Worldwide Effective Tax Rate		39%			21%			-19%

OCCIDENTAL PETROLEUM

2009 First Quarter Net Income (Loss)

Core Results Comparison

	First			Fourth
	Quarter			Quarter
	2009			2008			B / (W)
Oil & Gas	$	553		$	996		$	(443	)
Chemical		169			217			(48	)
Midstream, marketing and other		14			170			(156	)
Corporate
Interest expense, net		(20	)		(16	)		(4	)
Other		(49	)		(54	)		5
Taxes		(260	)		(356	)		96
Core Results	$	407		$	957		$	(550	)

Core Results Per Common Share
Basic	$	0.50		$	1.18		$	(0.68	)
Diluted	$	0.50		$	1.18		$	(0.68	)

Worldwide Effective Tax Rate		39%			27%			-12%

Investor Relations Supplemental Schedules

OCCIDENTAL PETROLEUM

2009 First Quarter Net Income (Loss)

Reported Income Comparison

	First			First
	Quarter			Quarter
	2009			2008			B / (W)
Oil & Gas	$	545		$	2,888		$	(2,343	)
Chemical		169			179			(10	)
Midstream, marketing and other		14			123			(109	)
Corporate
Interest expense, net		(20	)		—			(20	)
Other		(96	)		(77	)		(19	)
Taxes		(241	)		(1,294	)		1,053
Income from continuing operations		371			1,819			(1,448	)
Discontinued operations, net		(3	)		27			(30	)
Net Income	$	368		$	1,846		$	(1,478	)

Earnings Per Common Share
Basic	$	0.45		$	2.24		$	(1.79	)
Diluted	$	0.45		$	2.22		$	(1.77	)


Worldwide Effective Tax Rate		39%			42%			3%

OCCIDENTAL PETROLEUM

2009 First Quarter Net Income (Loss)

Core Results Comparison

	First			First
	Quarter			Quarter
	2009			2008			B / (W)
Oil & Gas	$	553		$	2,888		$	(2,335	)
Chemical		169			179			(10	)
Midstream, marketing and other		14			123			(109	)
Corporate
Interest expense, net		(20	)		—			(20	)
Other		(49	)		(77	)		28
Taxes		(260	)		(1,294	)		1,034
Core Results	$	407		$	1,819		$	(1,412	)

Core Results Per Common Share
Basic	$	0.50		$	2.20		$	(1.70	)
Diluted	$	0.50		$	2.19		$	(1.69	)

Worldwide Effective Tax Rate		39%			42%			3%

Investor Relations Supplemental Schedules

OCCIDENTAL PETROLEUM

SUMMARY OF OPERATING STATISTICS

	First Quarter
	2009		2008
NET SALES VOLUMES PER DAY:
United States
Crude Oil and Liquids (MBBL)
California	97		87
Permian	169		170
Midcontinent and Rockies	10		4
Total	276		261
Natural Gas (MMCF)
California	216		245
Midcontinent and Rockies	210		158
Permian	194		177
Total	620		580
Latin America
Crude Oil (MBBL)
Argentina	45		37
Colombia	47		42
Total	92		79
Natural Gas (MMCF)
Argentina	33		22
Bolivia	15		21
Total	48		43
Middle East / North Africa
Crude Oil (MBBL)
Oman	35		20
Dolphin	20		22
Qatar	47		46
Yemen	31		25
Libya	5		17
Total	138		130
Natural Gas (MMCF)
Oman	24		23
Dolphin	205		200
Total	229		223
Barrels of Oil Equivalent (MBOE)

Subtotal consolidated subsidiaries	656		611
Other interests
Colombia - minority interest	(6	)	(6	)
Yemen - Occidental net interest	4		2
Total worldwide sales volumes - MBOE	654		607

Investor Relations Supplemental Schedules

OCCIDENTAL PETROLEUM

SUMMARY OF OPERATING STATISTICS

	First Quarter
	2009		2008
NET PRODUCTION PER DAY:
United States
Crude Oil and Liquids (MBBL)	276		261
Natural Gas (MMCF)	620		580

Latin America
Crude Oil (MBBL)
Argentina	39		36
Colombia	48		42
Total	87		78

Natural Gas (MMCF)	48		43

Middle East / North Africa
Crude Oil (MBBL)
Oman	34		20
Dolphin	21		22
Qatar	51		46
Yemen	28		25
Libya	8		22
Total	142		135

Natural Gas (MMCF)	229		223

Barrels of Oil Equivalent (MBOE)

Subtotal consolidated subsidiaries	655		615
Other interests
Colombia - minority interest	(6	)	(6	)
Yemen - Occidental net interest	3		2
Total worldwide production - MBOE	652		611

Investor Relations Supplemental Schedules

OCCIDENTAL PETROLEUM

SUMMARY OF OPERATING STATISTICS

	First Quarter
	2009		2008
OIL & GAS:
PRICES
United States
Crude Oil ($/BBL)		37.66		90.21
Natural gas ($/MCF)		3.54		8.15

Latin America
Crude Oil ($/BBL)		39.59		67.26
Natural Gas ($/MCF)		3.50		3.80

Middle East / North Africa
Crude Oil ($/BBL)		41.55		93.37

Total Worldwide
Crude Oil ($/BBL)		39.29		86.75
Natural Gas ($/MCF)		2.90		6.05


	First Quarter
	2009		2008
Exploration Expense
Domestic	$	27	$	7
Latin America		2		15
Middle East / North Africa		28		40
Other Eastern Hemisphere		1		12
TOTAL REPORTED	$	58	$	74

Investor Relations Supplemental Schedules

OCCIDENTAL PETROLEUM

SUMMARY OF OPERATING STATISTICS

	First Quarter
Capital Expenditures ($MM)	2009		2008
Oil & Gas
California	$	156	$	160
Permian		189		73
Other - U.S.		56		46
Latin America		190		157
Middle East / North Africa		272		244
Exploration		48		39
Chemicals		31		50
Midstream, marketing and other		122		61
Corporate		7		3
TOTAL	$	1,071	$	833

Depreciation, Depletion &	First Quarter
Amortization of Assets ($MM)	2009		2008
Oil & Gas
Domestic	$	311	$	255
Latin America		168		105
Middle East / North Africa		208		190
Chemicals		71		82
Midstream, marketing and other		23		17
Corporate		5		4
TOTAL	$	786	$	653

Investor Relations Supplemental Schedules

OCCIDENTAL PETROLEUM

CORPORATE

($ millions)

	31-Mar-09			31-Dec-08

CAPITALIZATION

Long-Term Debt (including current maturities)		$	2,740		$	2,740

Notes Payable			—			7

Others			25			25

Total Debt		$	2,765		$	2,772

EQUITY		$	27,469		$	27,325

Total Debt To Total Capitalization			9%			9%