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EXHIBIT 12.1

OCCIDENTAL PETROLEUM CORPORATION AND SUBSIDIARIES

COMPUTATION OF TOTAL ENTERPRISE RATIOS OF EARNINGS TO FIXED CHARGES
(Amounts in millions, except ratios)

		Year Ended December 31
		2001		2000		1999		1998		1997
Income from continuing operations(a)		$	1,418	$	1,785	$	699	$	400	$	245
Add:
	Provision (credit) for taxes on income (other than foreign and gas taxes)		172		871		306		204		47
	Interest and debt expense(b)		411		540		515		576		446
	Portion of lease rentals representative of the interest factor		7		6		31		36		39
			590		1,417		852		816		532
Earnings before fixed charges		$	2,008	$	3,202	$	1,551	$	1,216	$	777
Fixed charges
	Interest and debt expense including capitalized interest(b)	$	417	$	543	$	522	$	594	$	462
	Portion of lease rentals representative of the interest factor		7		6		31		36		39
	Total fixed charges	$	424	$	549	$	553	$	630	$	501
Ratio of earnings to fixed charges			4.74		5.83		2.80		1.93		1.55

(a)

Includes (1) minority interest in net income of majority-owned subsidiaries and partnerships having fixed charges and (2) income from less-than-50-percent-owned equity investments adjusted to reflect only dividends received.

(b)

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

OCCIDENTAL PETROLEUM CORPORATION AND SUBSIDIARIES

COMPUTATION OF TOTAL ENTERPRISE RATIOS OF EARNINGS TO
COMBINED FIXED CHARGES AND PREFERRED STOCK DIVIDENDS
(Amounts in millions, except ratios)

		Year Ended December 31
		2001		2000		1999		1998		1997
Income from continuing operations(a)		$	1,418	$	1,785	$	699	$	400	$	245
Add:
	Provision (credit) for taxes on income (other than foreign and gas taxes)		172		871		306		204		47
	Interest and debt expense(b)		411		540		515		576		446
	Portion of lease rentals representative of the interest factor		7		6		31		36		39
			590		1,417		852		816		532
Earnings before fixed charges		$	2,008	$	3,202	$	1,551	$	1,216	$	777
Fixed charges
	Interest and debt expense including capitalized Interest(b)	$	417	$	543	$	522	$	594	$	462
	Portion of lease rentals representative of the interest factor		7		6		31		36		39
	Total fixed charges		424		549		553		630		501
Preferred stock dividends(c)			—		—		11		27		106
Fixed charges and preferred stock dividends		$	424	$	549	$	564	$	657	$	607
Ratio of earnings to combined fixed charges and preferred stock dividends			4.74		5.83		2.75		1.85		1.28

(a)

Includes (1) minority interest in net income of majority-owned subsidiaries and partnerships having fixed charges and (2) income from less-than-50-percent-owned equity investments adjusted to reflect only dividends received.

(b)

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

(c)

Adjusted to a pretax basis.

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EXHIBIT 12.1

OCCIDENTAL PETROLEUM CORPORATION AND SUBSIDIARIES COMPUTATION OF TOTAL ENTERPRISE RATIOS OF EARNINGS TO FIXED CHARGES (Amounts in millions, except ratios)
OCCIDENTAL PETROLEUM CORPORATION AND SUBSIDIARIES COMPUTATION OF TOTAL ENTERPRISE RATIOS OF EARNINGS TO COMBINED FIXED CHARGES AND PREFERRED STOCK DIVIDENDS (Amounts in millions, except ratios)