ex99_3-20100727.htm

Investor Relations Supplemental Schedules
Summary
($ Millions)




		2Q 2010		2Q 2009

Reported Net Income		$1,063		$682
EPS - Diluted		$1.31		$0.84

Core Results		$1,069		$689
EPS - Diluted		$1.31		$0.85

Total Worldwide Sales Volumes (mboe/day)		747		719

Total Worldwide Crude Oil Realizations ($/BBL)		$72.13		$52.97
Domestic Natural Gas Realizations ($/MCF)		$4.19		$2.87

Wtd. Average Basic Shares O/S (mm)		812.6		811.0
Wtd. Average Diluted Shares O/S (mm)		813.8		814.0


		YTD 2010		YTD 2009

Reported Net Income		$2,127		$1,050
EPS - Diluted		$2.61		$1.29

Core Results		$2,140		$1,096
EPS - Diluted		$2.63		$1.34

Total Worldwide Sales Volumes (mboe/day)		737		716

Total Worldwide Crude Oil Realizations ($/BBL)		$72.01		$46.05
Domestic Natural Gas Realizations ($/MCF)		$4.90		$3.20

Wtd. Average Basic Shares O/S (mm)		812.3		810.8
Wtd. Average Diluted Shares O/S (mm)		813.7		813.7

Shares Outstanding (mm)		812.2		810.8

Cash Flow from Operations	$	4,300	$	2,200

OCCIDENTAL PETROLEUM
2010 Second Quarter
Net Income (Loss)
($ millions)


	Reported							Core
	Income			Significant Items Affecting Income			Results
Oil & Gas	$	1,853						$	1,853

Chemical		108							108

Midstream, marketing and other		13							13

Corporate
Interest expense, net		(22	)						(22	)

Other		(83	)						(83	)

Taxes		(800	)						(800	)

Income from continuing operations		1,069			-				1,069
Discontinued operations, net of tax		(6	)		6	Discontinued operations, net			-
Net Income	$	1,063		$	6			$	1,069


Basic Earnings Per Common Share
Income from continuing operations	$	1.31
Discontinued operations, net		-
Net Income	$	1.31						$	1.31

Diluted Earnings Per Common Share
Income from continuing operations	$	1.31
Discontinued operations, net		-
Net Income	$	1.31						$	1.31

OCCIDENTAL PETROLEUM
2009 Second Quarter
Net Income (Loss)
($ millions)


	Reported								Core
	Income			Significant Items Affecting Income				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

OCCIDENTAL PETROLEUM
2010 First Six Months
Net Income (Loss)
($ millions)


	Reported							Core
	Income			Significant Items Affecting Income			Results
Oil & Gas	$	3,672						$	3,672

Chemical		138							138

Midstream, marketing and other		107							107

Corporate
Interest expense, net		(58	)						(58	)

Other		(190	)						(190	)

Taxes		(1,529	)						(1,529	)

Income from continuing operations		2,140			-				2,140
Discontinued operations, net of tax		(13	)		13	Discontinued operations, net			-
Net Income	$	2,127		$	13			$	2,140


Basic Earnings Per Common Share
Income from continuing operations	$	2.63
Discontinued operations, net		(0.02	)
Net Income	$	2.61						$	2.63

Diluted Earnings Per Common Share
Income from continuing operations	$	2.63
Discontinued operations, net		(0.02	)
Net Income	$	2.61						$	2.63

OCCIDENTAL PETROLEUM
2009 First Six Months
Net Income (Loss)
($ millions)


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

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
	2010	2009		2010		2009

Foreign Exchange Gains & (Losses) *	4	(6	)	(1	)	31

*Amounts shown after-tax

OCCIDENTAL PETROLEUM
Worldwide Effective Tax Rate

	QUARTERLY						YEAR-TO-DATE
	2010		2010		2009		2010		2009
REPORTED INCOME	QTR 2		QTR 1		QTR 2		6 Months		6 Months
Oil & Gas	1,853		1,819		1,083		3,672		1,628
Chemicals	108		30		115		138		284
Midstream, marketing and other	13		94		63		107		77
Corporate & other	(105	)	(143	)	(122	)	(248	)	(238	)
Pre-tax income	1,869		1,800		1,139		3,669		1,751

Income tax expense
Federal and state	329		307		148		636		160
Foreign	471		422		307		893		536
Total	800		729		455		1,529		696

Income from continuing operations	1,069		1,071		684		2,140		1,055

Worldwide effective tax rate	43%		41%		40%		42%		40%


	2010		2010		2009		2010		2009
CORE RESULTS	QTR 2		QTR 1		QTR 2		6 Months		6 Months
Oil & Gas	1,853		1,819		1,083		3,672		1,636
Chemicals	108		30		115		138		284
Midstream, marketing and other	13		94		63		107		77
Corporate & other	(105	)	(143	)	(114	)	(248	)	(183	)
Pre-tax income	1,869		1,800		1,147		3,669		1,814

Income tax expense
Federal and state	329		307		151		636		182
Foreign	471		422		307		893		536
Total	800		729		458		1,529		718

Core results	1,069		1,071		689		2,140		1,096

Worldwide effective tax rate	43%		41%		40%		42%		40%

OCCIDENTAL PETROLEUM
2010 Second Quarter Net Income (Loss)
Reported Income Comparison

	Second			First
	Quarter			Quarter
	2010			2010			B / (W)
Oil & Gas	$	1,853		$	1,819		$	34
Chemical		108			30			78
Midstream, marketing and other		13			94			(81	)
Corporate
Interest expense, net		(22	)		(36	)		14
Other		(83	)		(107	)		24
Taxes		(800	)		(729	)		(71	)
Income from continuing operations		1,069			1,071			(2	)
Discontinued operations, net		(6	)		(7	)		1
Net Income	$	1,063		$	1,064		$	(1	)

Earnings Per Common Share
Basic	$	1.31		$	1.31		$	-
Diluted	$	1.31		$	1.31		$	-


Worldwide Effective Tax Rate		43%			41%			-2%



OCCIDENTAL PETROLEUM
2010 Second Quarter Net Income (Loss)
Core Results Comparison

	Second			First
	Quarter			Quarter
	2010			2010			B / (W)
Oil & Gas	$	1,853		$	1,819		$	34
Chemical		108			30			78
Midstream, marketing and other		13			94			(81	)
Corporate
Interest expense, net		(22	)		(36	)		14
Other		(83	)		(107	)		24
Taxes		(800	)		(729	)		(71	)
Core Results	$	1,069		$	1,071		$	(2	)

Core Results Per Common Share
Basic	$	1.31		$	1.32		$	(0.01	)
Diluted	$	1.31		$	1.32		$	(0.01	)

Worldwide Effective Tax Rate		43%			41%			-2%

OCCIDENTAL PETROLEUM
2010 Second Quarter Net Income (Loss)
Reported Income Comparison

	Second			Second
	Quarter			Quarter
	2010			2009			B / (W)
Oil & Gas	$	1,853		$	1,083		$	770
Chemical		108			115			(7	)
Midstream, marketing and other		13			63			(50	)
Corporate
Interest expense, net		(22	)		(23	)		1
Other		(83	)		(99	)		16
Taxes		(800	)		(455	)		(345	)
Income from continuing operations		1,069			684			385
Discontinued operations, net		(6	)		(2	)		(4	)
Net Income	$	1,063		$	682		$	381

Earnings Per Common Share
Basic	$	1.31		$	0.84		$	0.47
Diluted	$	1.31		$	0.84		$	0.47


Worldwide Effective Tax Rate		43%			40%			-3%



OCCIDENTAL PETROLEUM
2010 Second Quarter Net Income (Loss)
Core Results Comparison

	Second			Second
	Quarter			Quarter
	2010			2009			B / (W)
Oil & Gas	$	1,853		$	1,083		$	770
Chemical		108			115			(7	)
Midstream, marketing and other		13			63			(50	)
Corporate
Interest expense, net		(22	)		(23	)		1
Other		(83	)		(91	)		8
Taxes		(800	)		(458	)		(342	)
Core Results	$	1,069		$	689		$	380

Core Results Per Common Share
Basic	$	1.31		$	0.85		$	0.46
Diluted	$	1.31		$	0.85		$	0.46

Worldwide Effective Tax Rate		43%			40%			-3%

OCCIDENTAL PETROLEUM
SUMMARY OF OPERATING STATISTICS

		Second Quarter		Six Months
		2010	2009	2010	2009
NET SALES VOLUMES PER DAY:
United States
Crude Oil and Liquids (MBBL)
	California	92	90	93	93
	Permian	159	163	159	165
	Midcontinent Gas	18	14	17	13
	Total	269	267	269	271
Natural Gas (MMCF)
	California	293	232	294	224
	Permian	129	124	127	124
	Midcontinent Gas	259	265	257	273
	Total	681	621	678	621
Latin America
Crude Oil (MBBL)
	Argentina	37	37	37	41
	Colombia	27	42	30	41
	Total	64	79	67	82
Natural Gas (MMCF)
	Argentina	32	30	32	32
	Bolivia	15	19	13	17
	Total	47	49	45	49
Middle East / North Africa
Crude Oil and Liquids (MBBL)
	Bahrain	3	-	3	-
	Dolphin	23	29	23	26
	Libya	25	14	14	10
	Oman	58	49	57	48
	Qatar	78	82	76	79
	Yemen	32	32	33	37
	Total	219	206	206	200
Natural Gas (MMCF)
	Bahrain	161	-	163	-
	Dolphin	235	282	232	257
	Oman	48	50	50	52
	Total	444	332	445	309

Barrels of Oil Equivalent (MBOE)		747	719	737	716

OCCIDENTAL PETROLEUM
SUMMARY OF OPERATING STATISTICS

		Second Quarter		Six Months
		2010	2009	2010	2009
NET PRODUCTION PER DAY:
United States
Crude Oil and Liquids (MBBL)		269	267	269	271
Natural Gas (MMCF)		681	621	678	621

Latin America
Crude Oil (MBBL)
	Argentina	37	38	37	38
	Colombia	32	41	33	41
	Total	69	79	70	79

Natural Gas (MMCF)		47	49	45	49

Middle East / North Africa
Crude Oil and Liquids (MBBL)
	Bahrain	3	-	3	-
	Dolphin	23	29	24	26
	Libya	15	13	15	11
	Oman	60	49	58	47
	Qatar	78	78	76	79
	Yemen	31	35	33	37
	Total	210	204	209	200

Natural Gas (MMCF)		444	332	445	309

Barrels of Oil Equivalent (MBOE)		743	717	743	713

OCCIDENTAL PETROLEUM
SUMMARY OF OPERATING STATISTICS

	Second Quarter				Six Months
	2010		2009		2010		2009

OIL & GAS:
PRICES
United States
Crude Oil ($/BBL)	71.66		55.55		72.38		46.43
Natural gas ($/MCF)	4.19		2.87		4.90		3.20

Latin America
Crude Oil ($/BBL)	57.57		46.08		59.37		42.71
Natural Gas ($/MCF)	3.90		2.75		3.63		3.11

Middle East / North Africa
Crude Oil ($/BBL)	77.50		53.43		76.31		47.60

Total Worldwide
Crude Oil ($/BBL)	72.13		52.97		72.01		46.05
Natural Gas ($/MCF)	2.90		2.34		3.30		2.61



	Second Quarter				Six Months
	2010		2009		2010		2009
Exploration Expense
United States	$	42	$	35	$	72	$	62
Latin America		4		8		5		10
Middle East / North Africa		27		10		52		38
Other Eastern Hemisphere		-		1		-		2
TOTAL REPORTED	$	73	$	54	$	129	$	112

OCCIDENTAL PETROLEUM
SUMMARY OF OPERATING STATISTICS


		Second Quarter				Six Months
Capital Expenditures ($MM)		2010		2009		2010		2009
Oil & Gas
California		$	180	$	128	$	329	$	284
Permian			81		82		154		271
Midcontinent Gas			49		12		86		68
Latin America			112		118		215		308
Middle East / North Africa			252		262		515		534
Exploration			35		29		92		77
Chemicals			50		40		80		71
Midstream, marketing and other			104		143		228		265
Corporate			5		17		17		24
	TOTAL	$	868	$	831	$	1,716	$	1,902


Depreciation, Depletion &		Second Quarter				Six Months
Amortization of Assets ($MM)		2010		2009		2010		2009
Oil & Gas
Domestic		$	349	$	304	$	700	$	615
Latin America			105		155		247		323
Middle East / North Africa			300		179		559		387
Chemicals			81		73		161		144
Midstream, marketing and other			36		26		73		49
Corporate			5		5		10		10
	TOTAL	$	876	$	742	$	1,750	$	1,528

OCCIDENTAL PETROLEUM
CORPORATE
($ millions)

		30-Jun-10			31-Dec-09

CAPITALIZATION

Long-Term Debt (including current maturities)			$	2,523		$	2,796

Others				-			25

	Total Debt		$	2,523		$	2,821


EQUITY			$	30,912		$	29,159

Total Debt To Total Capitalization				8%			9%