Exhibit 99.3

EX-99 5 ex993-20090723b.htm EXHIBIT 99.3 Exhibit 99.3

EXHIBIT 99.3

Investor Relations Supplemental Schedules

Investor Relations Supplemental Schedules

Summary

($ Millions)

	2Q 2009	2Q 2008

Reported Net Income	$682	$2,297
EPS - Diluted	$0.84	$2.78

Core Results	$689	$2,300
EPS - Diluted	$0.85	$2.78

Total Worldwide Sales Volumes (mboe/day)	649	588

Total Worldwide Crude Oil Realizations ($/BBL)	$52.97	$110.12
Domestic Natural Gas Realizations ($/MCF)	$2.87	$9.99

Wtd. Average Basic Shares O/S (mm)	811.0	821.3
Wtd. Average Diluted Shares O/S (mm)	814.0	825.2

Shares Outstanding (mm)	810.8	817.1


	YTD 2009	YTD 2008

Reported Net Income	$1,050	$4,143
EPS - Diluted	$1.29	$5.00

Core Results	$1,096	$4,119
EPS - Diluted	$1.34	$4.97

Total Worldwide Sales Volumes (mboe/day)	651	598

Total Worldwide Crude Oil Realizations ($/BBL)	$46.05	$98.16
Domestic Natural Gas Realizations ($/MCF)	$3.20	$9.09

Wtd. Average Basic Shares O/S (mm)	810.8	822.5
Wtd. Average Diluted Shares O/S (mm)	813.7	826.6


Cash Flow from Operations	2,200	5,000

Investor Relations Supplemental Schedules

OCCIDENTAL PETROLEUM

2009 Second Quarter

Net Income (Loss)

($ millions)

	Reported Income			Significant Items Affecting Income				Core Results
Oil & Gas	$	1,083						$	1,083

Chemical		115							115

Midstream, marketing and other		63							63

Corporate
Interest expense, net		(23	)						(23	)

Other		(99	)		8		Severance		(91	)


Taxes		(455	)		(3	)	Tax effect of adjustments		(458	)

Income from continuing operations		684			5				689
Discontinued operations, net of tax		(2	)		2		Discontinued operations, net		—
Net Income	$	682		$	7			$	689


Basic Earnings Per Common Share
Income from continuing operations	$	0.84
Discontinued operations, net		—
Net Income	$	0.84						$	0.85

Diluted Earnings Per Common Share
Income from continuing operations	$	0.84
Discontinued operations, net		—
Net Income	$	0.84						$	0.85

Investor Relations Supplemental Schedules

OCCIDENTAL PETROLEUM

2008 Second Quarter

Net Income (Loss)

($ millions)

	Reported Income			Significant Items Affecting Income			Core Results
Oil & Gas	$	3,806					$	3,806

Chemical		144						144

Midstream, marketing and other		161						161

Corporate
Interest expense, net		(7	)					(7	)

Other		(133	)					(133	)

Taxes		(1,671	)					(1,671	)

Income from continuing operations		2,300			—			2,300
Discontinued operations, net of tax		(3	)		3	Discontinued operations, net		—
Net Income	$	2,297		$	3		$	2,300


Basic Earnings Per Common Share
Income from continuing operations	$	2.79
Discontinued operations, net		—
Net Income	$	2.79					$	2.80
Diluted Earnings Per Common Share
Income from continuing operations	$	2.78
Discontinued operations, net		—
Net Income	$	2.78					$	2.78

Investor Relations Supplemental Schedules

OCCIDENTAL PETROLEUM

2009 First Six Months

Net Income (Loss)

($ millions)

	Reported Income			Significant Items Affecting Income				Core Results
Oil & Gas	$	1,628		$	8		Rig terminations	$	1,636

Chemical		284							284

Midstream, marketing and other		77							77

Corporate
Interest expense, net		(43	)						(43	)

Other		(195	)		40		Severance		(140	)
					15		Railcar leases

Taxes		(696	)		(22	)	Tax effect of adjustments		(718	)

Income from continuing operations		1,055			41				1,096
Discontinued operations, net of tax		(5	)		5		Discontinued operations, net		—
Net Income	$	1,050		$	46			$	1,096


Basic Earnings Per Common Share
Income from continuing operations	$	1.30
Discontinued operations, net		(0.01	)
Net Income	$	1.29						$	1.35

Diluted Earnings Per Common Share
Income from continuing operations	$	1.30
Discontinued operations, net		(0.01	)
Net Income	$	1.29						$	1.34

Investor Relations Supplemental Schedules

OCCIDENTAL PETROLEUM

2008 First Six Months

Net Income (Loss)

($ millions)

	Reported Income			Significant Items Affecting Income				Core Results
Oil & Gas	$	6,694						$	6,694

Chemical		323							323

Midstream, marketing and other		284							284

Corporate
Interest expense, net		(7	)						(7	)

Other		(210	)						(210	)

Taxes		(2,965	)						(2,965	)

Income from continuing operations		4,119			—				4,119
Discontinued operations, net of tax		24			(24	)	Discontinued operations, net		—
Net Income	$	4,143		$	(24	)		$	4,119


Basic Earnings Per Common Share
Income from continuing operations	$	5.00
Discontinued operations, net		0.03
Net Income	$	5.03						$	5.00
Diluted Earnings Per Common Share
Income from continuing operations	$	4.97
Discontinued operations, net		0.03
Net Income	$	5.00						$	4.97

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)	Second Quarter				Six Months
	2009		2008		2009	2008
Corporate
Foreign Exchange Gains & (Losses)	(6	)	(4	)	31	(5	)

Investor Relations Supplemental Schedules

OCCIDENTAL PETROLEUM

Worldwide Effective Tax Rate

	QUARTERLY						YEAR-TO-DATE
	2009		2009		2008		2009		2008
REPORTED INCOME	QTR 2		QTR 1		QTR 2		6 Months		6 Months
Oil & Gas (a)	1,083		545		3,806		1,628		6,694
Chemicals	115		169		144		284		323
Midstream, marketing and other	63		14		161		77		284
Corporate & other	(122	)	(116	)	(140	)	(238	)	(217	)
Pre-tax income	1,139		612		3,971		1,751		7,084

Income tax expense
Federal and state	148		12		801		160		1,407
Foreign (a)	307		229		870		536		1,558
Total	455		241		1,671		696		2,965

Income from continuing operations	684		371		2,300		1,055		4,119

Worldwide effective tax rate	40%		39%		42%		40%		42%


	2009		2009		2008		2009		2008
CORE RESULTS	QTR 2		QTR 1		QTR 2		6 Months		6 Months
Oil & Gas (a)	1,083		553		3,806		1,636		6,694
Chemicals	115		169		144		284		323
Midstream, marketing and other	63		14		161		77		284
Corporate & other	(114	)	(69	)	(140	)	(183	)	(217	)
Pre-tax income	1,147		667		3,971		1,814		7,084

Income tax expense
Federal and state	151		31		801		182		1,407
Foreign (a)	307		229		870		536		1,558
Total	458		260		1,671		718		2,965

Core results	689		407		2,300		1,096		4,119

Worldwide effective tax rate	40%		39%		42%		40%		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

2009

2008

QTR 2

QTR 1

QTR 2

6 Months

287

202

582

489

1,070

Investor Relations Supplemental Schedules

OCCIDENTAL PETROLEUM

2009 Second Quarter Net Income (Loss)

Reported Income Comparison

	Second			First
	Quarter			Quarter
	2009			2009			B / (W)
Oil & Gas	$	1,083		$	545		$	538
Chemical		115			169			(54	)
Midstream, marketing and other		63			14			49
Corporate
Interest expense, net		(23	)		(20	)		(3	)
Other		(99	)		(96	)		(3	)
Taxes		(455	)		(241	)		(214	)
Income from continuing operations		684			371			313
Discontinued operations, net		(2	)		(3	)		1
Net Income	$	682		$	368		$	314

Earnings Per Common Share
Basic	$	0.84		$	0.45		$	0.39
Diluted	$	0.84		$	0.45		$	0.39


Worldwide Effective Tax Rate		40%			39%			-1%

OCCIDENTAL PETROLEUM

2009 Second Quarter Net Income (Loss)

Core Results Comparison

	Second			First
	Quarter			Quarter
	2009			2009			B / (W)
Oil & Gas	$	1,083		$	553		$	530
Chemical		115			169			(54	)
Midstream, marketing and other		63			14			49
Corporate
Interest expense, net		(23	)		(20	)		(3	)
Other		(91	)		(49	)		(42	)
Taxes		(458	)		(260	)		(198	)
Core Results	$	689		$	407		$	282

Core Results Per Common Share
Basic	$	0.85		$	0.50		$	0.35
Diluted	$	0.85		$	0.50		$	0.35

Worldwide Effective Tax Rate		40%			39%			-1%

Investor Relations Supplemental Schedules

OCCIDENTAL PETROLEUM

2009 Second Quarter Net Income (Loss)

Reported Income Comparison

	Second			Second
	Quarter			Quarter
	2009			2008			B / (W)
Oil & Gas	$	1,083		$	3,806		$	(2,723	)
Chemical		115			144			(29	)
Midstream, marketing and other		63			161			(98	)
Corporate
Interest expense, net		(23	)		(7	)		(16	)
Other		(99	)		(133	)		34
Taxes		(455	)		(1,671	)		1,216
Income from continuing operations		684			2,300			(1,616	)
Discontinued operations, net		(2	)		(3	)		1
Net Income	$	682		$	2,297		$	(1,615	)

Earnings Per Common Share
Basic	$	0.84		$	2.79		$	(1.95	)
Diluted	$	0.84		$	2.78		$	(1.94	)


Worldwide Effective Tax Rate		40%			42%			2%

OCCIDENTAL PETROLEUM

2009 Second Quarter Net Income (Loss)

Core Results Comparison

	Second			Second
	Quarter			Quarter
	2009			2008			B / (W)
Oil & Gas	$	1,083		$	3,806		$	(2,723	)
Chemical		115			144			(29	)
Midstream, marketing and other		63			161			(98	)
Corporate
Interest expense, net		(23	)		(7	)		(16	)
Other		(91	)		(133	)		42
Taxes		(458	)		(1,671	)		1,213
Core Results	$	689		$	2,300		$	(1,611	)

Core Results Per Common Share
Basic	$	0.85		$	2.80		$	(1.95	)
Diluted	$	0.85		$	2.78		$	(1.93	)

Worldwide Effective Tax Rate		40%			42%			2%

Investor Relations Supplemental Schedules

OCCIDENTAL PETROLEUM

SUMMARY OF OPERATING STATISTICS

	Second Quarter				Six Months
	2009		2008		2009		2008
NET SALES VOLUMES PER DAY:
United States
Crude Oil and Liquids (MBBL)
California	90		84		93		86
Permian	167		169		168		170
Midcontinent/Rockies	10		5		10		4
Total	267		258		271		260
Natural Gas (MMCF)
California	232		238		224		241
Midcontinent/Rockies	192		174		201		166
Permian	197		190		196		184
Total	621		602		621		591
Latin America
Crude Oil (MBBL)
Argentina	37		22		41		29
Colombia	48		43		47		43
Total	85		65		88		72
Natural Gas (MMCF)
Argentina	30		14		32		18
Bolivia	19		21		17		21
Total	49		35		49		39
Middle East / North Africa
Crude Oil (MBBL)
Oman	38		21		36		20
Dolphin	25		19		23		20
Qatar	50		45		49		46
Yemen	23		20		27		23
Libya	8		27		7		23
Total	144		132		142		132
Natural Gas (MMCF)
Oman	23		25		23		23
Dolphin	242		163		224		182
Total	265		188		247		205
Barrels of Oil Equivalent (MBOE)

Subtotal consolidated subsidiaries	652		593		654		603
Other interests
Colombia - minority interest	(6	)	(7	)	(6	)	(7	)
Yemen - Occidental net interest	3		2		3		2
Total worldwide sales volumes - MBOE	649		588		651		598

Investor Relations Supplemental Schedules

OCCIDENTAL PETROLEUM

SUMMARY OF OPERATING STATISTICS

	Second Quarter				Six Months
	2009		2008		2009		2008
NET PRODUCTION PER DAY:
United States
Crude Oil and Liquids (MBBL)	267		258		271		260
Natural Gas (MMCF)	621		602		621		591

Latin America
Crude Oil (MBBL)
Argentina	38		24		38		30
Colombia	47		43		47		42
Total	85		67		85		72

Natural Gas (MMCF)	49		35		49		39

Middle East / North Africa
Crude Oil (MBBL)
Oman	38		21		36		20
Dolphin	25		19		23		20
Qatar	46		48		49		47
Yemen	26		20		27		23
Libya	7		20		8		21
Total	142		128		143		131

Natural Gas (MMCF)	265		188		247		205

Barrels of Oil Equivalent (MBOE)

Subtotal consolidated subsidiaries	650		590		652		602
Other interests
Colombia - minority interest	(6	)	(6	)	(6	)	(6	)
Yemen - Occidental net interest	3		2		3		2
Total worldwide production - MBOE	647		586		649		598

Investor Relations Supplemental Schedules

OCCIDENTAL PETROLEUM

SUMMARY OF OPERATING STATISTICS

	Second Quarter					Six Months
	2009		2008			2009		2008
OIL & GAS:
PRICES
United States
Crude Oil ($/BBL)		55.55		114.88			46.43		102.47
Natural gas ($/MCF)		2.87		9.99			3.20		9.09

Latin America
Crude Oil ($/BBL)		46.08		87.78			42.71		76.47
Natural Gas ($/MCF)		2.75		4.50			3.11		4.11

Middle East / North Africa
Crude Oil ($/BBL)		53.43		113.64			47.60		103.47

Total Worldwide
Crude Oil ($/BBL)		52.97		110.12			46.05		98.16
Natural Gas ($/MCF)		2.34		7.71			2.61		6.87


	Second Quarter					Six Months
	2009		2008			2009		2008
Exploration Expense
Domestic	$	35	$	25		$	62	$	32
Latin America		8		11			10		26
Middle East / North Africa		10		36			38		76
Other Eastern Hemisphere		1		(14	)		2		(2	)
TOTAL REPORTED	$	54	$	58		$	112	$	132

Investor Relations Supplemental Schedules

OCCIDENTAL PETROLEUM

SUMMARY OF OPERATING STATISTICS

	Second Quarter				Six Months
Capital Expenditures ($MM)	2009		2008		2009		2008
Oil & Gas
California	$	128	$	197	$	284	$	357
Permian		82		89		271		162
Midcontinent / Rockies		12		85		68		131
Latin America		118		181		308		338
Middle East / North Africa		262		234		534		478
Exploration		29		51		77		90
Chemicals		40		47		71		97
Midstream, marketing and other		143		94		265		155
Corporate		17		60		24		63
TOTAL	$	831	$	1,038	$	1,902	$	1,871

Depreciation, Depletion &	Second Quarter				Six Months
Amortization of Assets ($MM)	2009		2008		2009		2008
Oil & Gas
Domestic	$	304	$	248	$	615	$	503
Latin America		155		83		323		188
Middle East / North Africa		179		187		387		377
Chemicals		73		82		144		164
Midstream, marketing and other		26		16		49		33
Corporate		5		5		10		9
TOTAL	$	742	$	621	$	1,528	$	1,274

Investor Relations Supplemental Schedules

OCCIDENTAL PETROLEUM

CORPORATE

($ millions)

	30-Jun-09			31-Dec-08

CAPITALIZATION

Long-Term Debt (including current maturities)		$	3,485		$	2,740

Notes Payable			—			7

Others			25			25

Total Debt		$	3,510		$	2,772

EQUITY		$	27,887		$	27,325

Total Debt To Total Capitalization			11%			9%