EX-99.3 4 a09-31958_1ex99d3.htm EX-99.3

Exhibit 99.3

 

Investor Relations Supplemental Schedules

 

 

Investor Relations Supplemental Schedules

Summary

($ Millions)

 

 

 

3Q 2009

 

3Q 2008

 

 

 

 

 

 

 

Reported Net Income

 

$

927

 

$

2,271

 

EPS - Diluted

 

$

1.14

 

$

2.77

 

 

 

 

 

 

 

Core Results

 

$

929

 

$

2,272

 

EPS - Diluted

 

$

1.14

 

$

2.77

 

 

 

 

 

 

 

Total Worldwide Sales Volumes (mboe/day)

 

628

 

588

 

 

 

 

 

 

 

Total Worldwide Crude Oil Realizations ($/BBL)

 

$

62.79

 

$

104.15

 

Domestic Natural Gas Realizations ($/MCF)

 

$

3.04

 

$

9.35

 

 

 

 

 

 

 

Wtd. Average Basic Shares O/S (mm)

 

811.8

 

815.3

 

Wtd. Average Diluted Shares O/S (mm)

 

814.4

 

817.6

 

 

 

 

YTD 2009

 

YTD 2008

 

 

 

 

 

 

 

Reported Net Income

 

$

1,977

 

$

6,414

 

EPS - Diluted

 

$

2.43

 

$

7.77

 

 

 

 

 

 

 

Core Results

 

$

2,025

 

$

6,391

 

EPS - Diluted

 

$

2.48

 

$

7.74

 

 

 

 

 

 

 

Total Worldwide Sales Volumes (mboe/day)

 

643

 

594

 

 

 

 

 

 

 

Total Worldwide Crude Oil Realizations ($/BBL)

 

$

51.44

 

$

100.39

 

Domestic Natural Gas Realizations ($/MCF)

 

$

3.15

 

$

9.18

 

 

 

 

 

 

 

Wtd. Average Basic Shares O/S (mm)

 

811.1

 

820.1

 

Wtd. Average Diluted Shares O/S (mm)

 

813.9

 

823.5

 

 

 

 

 

 

 

Shares Outstanding (mm)

 

811.7

 

809.9

 

 

 

 

 

 

 

Cash Flow from Operations

 

$

3,800

 

$

8,100

 

 

1



 

Investor Relations Supplemental Schedules

 

 

OCCIDENTAL PETROLEUM

2009 Third Quarter

Net Income (Loss)

($ millions)

 

 

 

Reported

 

 

 

 

 

Core

 

 

 

Income

 

Significant Items Affecting Income

 

Results

 

Oil & Gas

 

$

1,464

 

 

 

 

 

$

1,464

 

 

 

 

 

 

 

 

 

 

 

Chemical

 

72

 

 

 

 

 

72

 

 

 

 

 

 

 

 

 

 

 

Midstream, marketing and other

 

77

 

 

 

 

 

77

 

 

 

 

 

 

 

 

 

 

 

Corporate

 

 

 

 

 

 

 

 

 

Interest expense, net

 

(33

)

 

 

 

 

(33

)

 

 

 

 

 

 

 

 

 

 

Other

 

(102

)

 

 

 

 

(102

)

 

 

 

 

 

 

 

 

 

 

Taxes

 

(549

)

 

 

 

 

(549

)

Income from continuing operations

 

929

 

 

 

 

929

 

Discontinued operations, net of tax

 

(2

)

2

 

Discontinued operations, net

 

 

Net Income

 

$

927

 

$

2

 

 

 

$

929

 

 

 

 

 

 

 

 

 

 

 

Basic Earnings Per Common Share

 

 

 

 

 

 

 

 

 

Income from continuing operations

 

$

1.14

 

 

 

 

 

 

 

Discontinued operations, net

 

 

 

 

 

 

 

 

Net Income

 

$

1.14

 

 

 

 

 

$

1.14

 

 

 

 

 

 

 

 

 

 

 

Diluted Earnings Per Common Share

 

 

 

 

 

 

 

 

 

Income from continuing operations

 

$

1.14

 

 

 

 

 

 

 

Discontinued operations, net

 

 

 

 

 

 

 

 

Net Income

 

$

1.14

 

 

 

 

 

$

1.14

 

 

2



 

Investor Relations Supplemental Schedules

 

 

OCCIDENTAL PETROLEUM

2008 Third Quarter

Net Income (Loss)

($ millions)

 

 

 

Reported

 

 

 

 

 

Core

 

 

 

Income

 

Significant Items Affecting Income

 

Results

 

Oil & Gas

 

$

3,618

 

 

 

 

 

$

3,618

 

 

 

 

 

 

 

 

 

 

 

Chemical

 

219

 

 

 

 

 

219

 

 

 

 

 

 

 

 

 

 

 

Midstream, marketing and other

 

66

 

 

 

 

 

66

 

 

 

 

 

 

 

 

 

 

 

Corporate

 

 

 

 

 

 

 

 

 

Interest expense, net

 

(3

)

 

 

 

 

(3

)

 

 

 

 

 

 

 

 

 

 

Other

 

(82

)

 

 

 

 

(82

)

 

 

 

 

 

 

 

 

 

 

Taxes

 

(1,546

)

 

 

 

 

(1,546

)

Income from continuing operations

 

2,272

 

 

 

 

2,272

 

Discontinued operations, net of tax

 

(1

)

1

 

Discontinued operations, net

 

 

Net Income

 

$

2,271

 

$

1

 

 

 

$

2,272

 

 

 

 

 

 

 

 

 

 

 

Basic Earnings Per Common Share

 

 

 

 

 

 

 

 

 

Income from continuing operations

 

$

2.78

 

 

 

 

 

 

 

Discontinued operations, net

 

 

 

 

 

 

 

 

Net Income

 

$

2.78

 

 

 

 

 

$

2.78

 

Diluted Earnings Per Common Share

 

 

 

 

 

 

 

 

 

Income from continuing operations

 

$

2.77

 

 

 

 

 

 

 

Discontinued operations, net

 

 

 

 

 

 

 

 

Net Income

 

$

2.77

 

 

 

 

 

$

2.77

 

 

3



 

Investor Relations Supplemental Schedules

 

 

OCCIDENTAL PETROLEUM

2009 First Nine Months

Net Income (Loss)

($ millions)

 

 

 

Reported

 

 

 

Core

 

 

 

Income

 

Significant Items Affecting Income

 

Results

 

Oil & Gas

 

$

3,092

 

$

8

 

Rig terminations

 

$

3,100

 

 

 

 

 

 

 

 

 

 

 

Chemical

 

356

 

 

 

 

 

356

 

 

 

 

 

 

 

 

 

 

 

Midstream, marketing and other

 

154

 

 

 

 

 

154

 

 

 

 

 

 

 

 

 

 

 

Corporate

 

 

 

 

 

 

 

 

 

Interest expense, net

 

(76

)

 

 

 

 

(76

)

 

 

 

 

 

 

 

 

 

 

Other

 

(297

)

40

 

Severance

 

(242

)

 

 

 

 

15

 

Railcar leases

 

 

 

 

 

 

 

 

 

 

 

 

 

Taxes

 

(1,245

)

(22

)

Tax effect of adjustments

 

(1,267

)

Income from continuing operations

 

1,984

 

41

 

 

 

2,025

 

Discontinued operations, net of tax

 

(7

)

7

 

Discontinued operations, net

 

 

Net Income

 

$

1,977

 

$

48

 

 

 

$

2,025

 

 

 

 

 

 

 

 

 

 

 

Basic Earnings Per Common Share

 

 

 

 

 

 

 

 

 

Income from continuing operations

 

$

2.44

 

 

 

 

 

 

 

Discontinued operations, net

 

(0.01

)

 

 

 

 

 

 

Net Income

 

$

2.43

 

 

 

 

 

$

2.49

 

 

 

 

 

 

 

 

 

 

 

Diluted Earnings Per Common Share

 

 

 

 

 

 

 

 

 

Income from continuing operations

 

$

2.44

 

 

 

 

 

 

 

Discontinued operations, net

 

(0.01

)

 

 

 

 

 

 

Net Income

 

$

2.43

 

 

 

 

 

$

2.48

 

 

4



 

Investor Relations Supplemental Schedules

 

 

OCCIDENTAL PETROLEUM

2008 First Nine Months

Net Income (Loss)

($ millions)

 

 

 

Reported

 

 

 

Core

 

 

 

Income

 

Significant Items Affecting Income

 

Results

 

Oil & Gas

 

$

10,312

 

 

 

 

 

$

10,312

 

 

 

 

 

 

 

 

 

 

 

Chemical

 

542

 

 

 

 

 

542

 

 

 

 

 

 

 

 

 

 

 

Midstream, marketing and other

 

350

 

 

 

 

 

350

 

 

 

 

 

 

 

 

 

 

 

Corporate

 

 

 

 

 

 

 

 

 

Interest expense, net

 

(10

)

 

 

 

 

(10

)

 

 

 

 

 

 

 

 

 

 

Other

 

(292

)

 

 

 

 

(292

)

 

 

 

 

 

 

 

 

 

 

Taxes

 

(4,511

)

 

 

 

 

(4,511

)

Income from continuing operations

 

6,391

 

 

 

 

6,391

 

Discontinued operations, net of tax

 

23

 

(23

)

Discontinued operations, net

 

 

Net Income

 

$

6,414

 

$

(23

)

 

 

$

6,391

 

 

 

 

 

 

 

 

 

 

 

Basic Earnings Per Common Share

 

 

 

 

 

 

 

 

 

Income from continuing operations

 

$

7.78

 

 

 

 

 

 

 

Discontinued operations, net

 

0.03

 

 

 

 

 

 

 

Net Income

 

$

7.81

 

 

 

 

 

$

7.78

 

Diluted Earnings Per Common Share

 

 

 

 

 

 

 

 

 

Income from continuing operations

 

$

7.74

 

 

 

 

 

 

 

Discontinued operations, net

 

0.03

 

 

 

 

 

 

 

Net Income

 

$

7.77

 

 

 

 

 

$

7.74

 

 

5



 

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

 

Third Quarter

 

Nine months

 

Income / (Expense)

 

2009

 

2008

 

2009

 

2008

 

 

 

 

 

 

 

 

 

 

 

Foreign Exchange Gains & (Losses) *

 

(3

)

8

 

28

 

3

 

 


*Amounts shown after-tax

 

6



 

Investor Relations Supplemental Schedules

 

 

OCCIDENTAL PETROLEUM

Worldwide Effective Tax Rate

 

 

 

QUARTERLY

 

YEAR-TO-DATE

 

 

 

2009

 

2009

 

2008

 

2009

 

2008

 

 

 

QTR 3

 

QTR 2

 

QTR 3

 

9 Months

 

9 Months

 

REPORTED INCOME

 

 

 

 

 

 

 

 

 

 

 

Oil & Gas (a)

 

1,464

 

1,083

 

3,618

 

3,092

 

10,312

 

Chemicals

 

72

 

115

 

219

 

356

 

542

 

Midstream, marketing and other

 

77

 

63

 

66

 

154

 

350

 

Corporate & other

 

(135

)

(122

)

(85

)

(373

)

(302

)

Pre-tax income

 

1,478

 

1,139

 

3,818

 

3,229

 

10,902

 

 

 

 

 

 

 

 

 

 

 

 

 

Income tax expense

 

 

 

 

 

 

 

 

 

 

 

Federal and state

 

189

 

148

 

716

 

349

 

2,123

 

Foreign (a)

 

360

 

307

 

830

 

896

 

2,388

 

Total

 

549

 

455

 

1,546

 

1,245

 

4,511

 

Income from continuing operations

 

929

 

684

 

2,272

 

1,984

 

6,391

 

 

 

 

 

 

 

 

 

 

 

 

 

Worldwide effective tax rate

 

37

%

40

%

40

%

39

%

41

%

 

 

 

2009

 

2009

 

2008

 

2009

 

2008

 

 

 

QTR 3

 

QTR 2

 

QTR 3

 

9 Months

 

9 Months

 

CORE RESULTS

 

 

 

 

 

 

 

 

 

 

 

Oil & Gas (a)

 

1,464

 

1,083

 

3,618

 

3,100

 

10,312

 

Chemicals

 

72

 

115

 

219

 

356

 

542

 

Midstream, marketing and other

 

77

 

63

 

66

 

154

 

350

 

Corporate & other

 

(135

)

(114

)

(85

)

(318

)

(302

)

Pre-tax income

 

1,478

 

1,147

 

3,818

 

3,292

 

10,902

 

 

 

 

 

 

 

 

 

 

 

 

 

Income tax expense

 

 

 

 

 

 

 

 

 

 

 

Federal and state

 

189

 

151

 

716

 

371

 

2,123

 

Foreign (a)

 

360

 

307

 

830

 

896

 

2,388

 

Total

 

549

 

458

 

1,546

 

1,267

 

4,511

 

Core results

 

929

 

689

 

2,272

 

2,025

 

6,391

 

 

 

 

 

 

 

 

 

 

 

 

 

Worldwide effective tax rate

 

37

%

40

%

40

%

38

%

41

%

 


(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

 

2009

 

2008

 

2009

 

2008

 

 

 

QTR 3

 

QTR 2

 

QTR 3

 

9 Months

 

9 Months

 

 

 

338

 

287

 

730

 

827

 

1,801

 

 

7



 

Investor Relations Supplemental Schedules

 

 

OCCIDENTAL PETROLEUM

2009 Third Quarter Net Income (Loss)

Reported Income Comparison

 

 

 

Third

 

Second

 

 

 

 

 

Quarter

 

Quarter

 

 

 

 

 

2009

 

2009

 

B / (W)

 

Oil & Gas

 

$

1,464

 

$

1,083

 

$

381

 

Chemical

 

72

 

115

 

(43

)

Midstream, marketing and other

 

77

 

63

 

14

 

Corporate

 

 

 

 

 

 

 

Interest expense, net

 

(33

)

(23

)

(10

)

Other

 

(102

)

(99

)

(3

)

Taxes

 

(549

)

(455

)

(94

)

Income from continuing operations

 

929

 

684

 

245

 

Discontinued operations, net

 

(2

)

(2

)

 

Net Income

 

$

927

 

$

682

 

$

245

 

 

 

 

 

 

 

 

 

Earnings Per Common Share

 

 

 

 

 

 

 

Basic

 

$

1.14

 

$

0.84

 

$

0.30

 

Diluted

 

$

1.14

 

$

0.84

 

$

0.30

 

 

 

 

 

 

 

 

 

Worldwide Effective Tax Rate

 

37%

 

40%

 

3%

 

 

 

OCCIDENTAL PETROLEUM

2009 Third Quarter Net Income (Loss)

Core Results Comparison

 

 

 

Third

 

Second

 

 

 

 

 

Quarter

 

Quarter

 

 

 

 

 

2009

 

2009

 

B / (W)

 

Oil & Gas

 

$

1,464

 

$

1,083

 

$

381

 

Chemical

 

72

 

115

 

(43

)

Midstream, marketing and other

 

77

 

63

 

14

 

Corporate

 

 

 

 

 

 

 

Interest expense, net

 

(33

)

(23

)

(10

)

Other

 

(102

)

(91

)

(11

)

Taxes

 

(549

)

(458

)

(91

)

Core Results

 

$

929

 

$

689

 

$

240

 

 

 

 

 

 

 

 

 

Core Results Per Common Share

 

 

 

 

 

 

 

Basic

 

$

1.14

 

$

0.85

 

$

0.29

 

Diluted

 

$

1.14

 

$

0.85

 

$

0.29

 

 

 

 

 

 

 

 

 

Worldwide Effective Tax Rate

 

37%

 

40%

 

3%

 

 

8



 

Investor Relations Supplemental Schedules

 

 

 

9



 

Investor Relations Supplemental Schedules

 

 

OCCIDENTAL PETROLEUM

2009 Third Quarter Net Income (Loss)

Reported Income Comparison

 

 

 

Third

 

Third

 

 

 

 

 

Quarter

 

Quarter

 

 

 

 

 

2009

 

2008

 

B / (W)

 

Oil & Gas

 

$

1,464

 

$

3,618

 

$

(2,154

)

Chemical

 

72

 

219

 

(147

)

Midstream, marketing and other

 

77

 

66

 

11

 

Corporate

 

 

 

 

 

 

 

Interest expense, net

 

(33

)

(3

)

(30

)

Other

 

(102

)

(82

)

(20

)

Taxes

 

(549

)

(1,546

)

997

 

Income from continuing operations

 

929

 

2,272

 

(1,343

)

Discontinued operations, net

 

(2

)

(1

)

(1

)

Net Income

 

$

927

 

$

2,271

 

$

(1,344

)

 

 

 

 

 

 

 

 

Earnings Per Common Share

 

 

 

 

 

 

 

Basic

 

$

1.14

 

$

2.78

 

$

(1.64

)

Diluted

 

$

1.14

 

$

2.77

 

$

(1.63

)

 

 

 

 

 

 

 

 

Worldwide Effective Tax Rate

 

37%

 

40%

 

3%

 

 

 

OCCIDENTAL PETROLEUM

2009 Third Quarter Net Income (Loss)

Core Results Comparison

 

 

 

Third

 

Third

 

 

 

 

 

Quarter

 

Quarter

 

 

 

 

 

2009

 

2008

 

B / (W)

 

Oil & Gas

 

$

1,464

 

$

3,618

 

$

(2,154

)

Chemical

 

72

 

219

 

(147

)

Midstream, marketing and other

 

77

 

66

 

11

 

Corporate

 

 

 

 

 

 

 

Interest expense, net

 

(33

)

(3

)

(30

)

Other

 

(102

)

(82

)

(20

)

Taxes

 

(549

)

(1,546

)

997

 

Core Results

 

$

929

 

$

2,272

 

$

(1,343

)

 

 

 

 

 

 

 

 

Core Results Per Common Share

 

 

 

 

 

 

 

Basic

 

$

1.14

 

$

2.78

 

$

(1.64

)

Diluted

 

$

1.14

 

$

2.77

 

$

(1.63

)

 

 

 

 

 

 

 

 

Worldwide Effective Tax Rate

 

37%

 

40%

 

3%

 

 

10



 

Investor Relations Supplemental Schedules

 

 

 

11



 

Investor Relations Supplemental Schedules

 

 

 OCCIDENTAL PETROLEUM

 SUMMARY OF OPERATING STATISTICS

 

 

 

Third Quarter

 

Nine months

 

 

 

2009

 

2008

 

2009

 

2008

 

NET SALES VOLUMES PER DAY:

 

 

 

 

 

 

 

 

 

United States

 

 

 

 

 

 

 

 

 

Crude Oil and Liquids (MBBL)

 

 

 

 

 

 

 

 

 

California

 

92

 

87

 

93

 

86

 

Permian

 

168

 

166

 

168

 

168

 

Midcontinent/Rockies

 

9

 

8

 

10

 

6

 

Total

 

269

 

261

 

271

 

260

 

Natural Gas (MMCF)

 

 

 

 

 

 

 

 

 

California

 

269

 

236

 

240

 

239

 

Permian

 

208

 

169

 

200

 

179

 

Midcontinent/Rockies

 

176

 

165

 

192

 

166

 

Total

 

653

 

570

 

632

 

584

 

Latin America

 

 

 

 

 

 

 

 

 

Crude Oil (MBBL)

 

 

 

 

 

 

 

 

 

Argentina

 

30

 

38

 

37

 

32

 

Colombia

 

44

 

43

 

46

 

43

 

Total

 

74

 

81

 

83

 

75

 

Natural Gas (MMCF)

 

 

 

 

 

 

 

 

 

Argentina

 

27

 

24

 

30

 

19

 

Bolivia

 

18

 

21

 

17

 

21

 

Total

 

45

 

45

 

47

 

40

 

Middle East / North Africa

 

 

 

 

 

 

 

 

 

Crude Oil (MBBL)

 

 

 

 

 

 

 

 

 

Oman

 

39

 

23

 

38

 

21

 

Dolphin

 

21

 

18

 

22

 

20

 

Qatar

 

46

 

49

 

48

 

47

 

Yemen

 

22

 

20

 

25

 

22

 

Libya

 

4

 

7

 

6

 

17

 

Total

 

132

 

117

 

139

 

127

 

Natural Gas (MMCF)

 

 

 

 

 

 

 

 

 

Oman

 

22

 

25

 

23

 

24

 

Dolphin

 

208

 

165

 

218

 

176

 

Total

 

230

 

190

 

241

 

200

 

 

 

 

 

 

 

 

 

 

 

Barrels of Oil Equivalent (MBOE)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Subtotal consolidated subsidiaries

 

630

 

593

 

646

 

599

 

Other interests

 

 

 

 

 

 

 

 

 

Colombia - minority interest

 

(5

)

(7

)

(6

)

(7

)

Yemen - Occidental net interest

 

3

 

2

 

3

 

2

 

Total worldwide sales volumes - MBOE

 

628

 

588

 

643

 

594

 

 

12



 

Investor Relations Supplemental Schedules

 

OCCIDENTAL PETROLEUM

SUMMARY OF OPERATING STATISTICS

 

 

 

Third Quarter

 

Nine months

 

 

 

2009

 

2008

 

2009

 

2008

 

NET PRODUCTION PER DAY:

 

 

 

 

 

 

 

 

 

United States

 

 

 

 

 

 

 

 

 

Crude Oil and Liquids (MBBL)

 

269

 

261

 

271

 

260

 

Natural Gas (MMCF)

 

653

 

570

 

632

 

584

 

 

 

 

 

 

 

 

 

 

 

Latin America

 

 

 

 

 

 

 

 

 

Crude Oil (MBBL)

 

 

 

 

 

 

 

 

 

Argentina

 

31

 

39

 

36

 

33

 

Colombia

 

43

 

43

 

46

 

43

 

Total

 

74

 

82

 

82

 

76

 

 

 

 

 

 

 

 

 

 

 

Natural Gas (MMCF)

 

45

 

45

 

47

 

40

 

 

 

 

 

 

 

 

 

 

 

Middle East / North Africa

 

 

 

 

 

 

 

 

 

Crude Oil (MBBL)

 

 

 

 

 

 

 

 

 

Oman

 

40

 

24

 

38

 

21

 

Dolphin

 

21

 

18

 

22

 

20

 

Qatar

 

48

 

48

 

48

 

47

 

Yemen

 

22

 

19

 

25

 

22

 

Libya

 

5

 

9

 

7

 

17

 

Total

 

136

 

118

 

140

 

127

 

 

 

 

 

 

 

 

 

 

 

Natural Gas (MMCF)

 

230

 

190

 

241

 

200

 

 

 

 

 

 

 

 

 

 

 

Barrels of Oil Equivalent (MBOE)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Subtotal consolidated subsidiaries

 

634

 

595

 

646

 

600

 

Other interests

 

 

 

 

 

 

 

 

 

Colombia - minority interest

 

(5

)

(6

)

(6

)

(6

)

Yemen - Occidental net interest

 

3

 

2

 

3

 

2

 

Total worldwide production - MBOE

 

632

 

591

 

643

 

596

 

 

13



 

Investor Relations Supplemental Schedules

 

 

OCCIDENTAL PETROLEUM

SUMMARY OF OPERATING STATISTICS

 

 

 

Third Quarter

 

Nine months

 

 

 

2009

 

2008

 

2009

 

2008

 

 

 

 

 

 

 

 

 

 

 

OIL & GAS:

 

 

 

 

 

 

 

 

 

PRICES

 

 

 

 

 

 

 

 

 

United States

 

 

 

 

 

 

 

 

 

Crude Oil ($/BBL)

 

63.37

 

109.50

 

52.04

 

104.82

 

Natural gas ($/MCF)

 

3.04

 

9.35

 

3.15

 

9.18

 

 

 

 

 

 

 

 

 

 

 

Latin America

 

 

 

 

 

 

 

 

 

Crude Oil ($/BBL)

 

55.40

 

77.76

 

46.51

 

78.23

 

Natural Gas ($/MCF)

 

2.87

 

4.40

 

3.04

 

4.22

 

 

 

 

 

 

 

 

 

 

 

Middle East / North Africa

 

 

 

 

 

 

 

 

 

Crude Oil ($/BBL)

 

66.04

 

114.11

 

53.55

 

106.81

 

 

 

 

 

 

 

 

 

 

 

Total Worldwide

 

 

 

 

 

 

 

 

 

Crude Oil ($/BBL)

 

62.79

 

104.15

 

51.44

 

100.39

 

Natural Gas ($/MCF)

 

2.53

 

7.11

 

2.59

 

6.95

 

 

 

 

Third Quarter

 

Nine months

 

 

 

2009

 

2008

 

2009

 

2008

 

Exploration Expense

 

 

 

 

 

 

 

 

 

Domestic

 

$

45

 

$

10

 

$

107

 

$

42

 

Latin America

 

4

 

9

 

14

 

35

 

Middle East / North Africa

 

7

 

41

 

47

 

117

 

Other Eastern Hemisphere

 

 

1

 

 

(1

)

TOTAL REPORTED

 

$

56

 

$

61

 

$

168

 

$

193

 

 

14



 

Investor Relations Supplemental Schedules

 

 

OCCIDENTAL PETROLEUM

SUMMARY OF OPERATING STATISTICS

 

 

 

Third Quarter

 

Nine months

 

 

 

2009

 

2008

 

2009

 

2008

 

Capital Expenditures ($MM)

 

 

 

 

 

 

 

 

 

Oil & Gas

 

 

 

 

 

 

 

 

 

California

 

$

118

 

$

201

 

$

402

 

$

558

 

Permian

 

57

 

116

 

328

 

278

 

Midcontinent/Rockies

 

9

 

109

 

77

 

240

 

Latin America

 

93

 

209

 

401

 

547

 

Middle East / North Africa

 

234

 

257

 

768

 

735

 

Exploration

 

18

 

66

 

95

 

156

 

Chemicals

 

43

 

57

 

114

 

154

 

Midstream, marketing and other

 

165

 

177

 

430

 

332

 

Corporate

 

9

 

7

 

34

 

70

 

TOTAL

 

$

746

 

$

1,199

 

$

2,649

 

$

3,070

 

 

 

 

Third Quarter

 

Nine months

 

 

 

2009

 

2008

 

2009

 

2008

 

Depreciation, Depletion & Amortization of Assets ($MM)

 

 

 

 

 

 

 

 

 

Oil & Gas

 

 

 

 

 

 

 

 

 

Domestic

 

$

317

 

$

257

 

$

932

 

$

760

 

Latin America

 

140

 

125

 

463

 

313

 

Middle East / North Africa

 

199

 

202

 

586

 

579

 

Chemicals

 

78

 

75

 

222

 

239

 

Midstream, marketing and other

 

30

 

19

 

79

 

52

 

Corporate

 

5

 

5

 

15

 

14

 

TOTAL

 

$

769

 

$

683

 

$

2,297

 

$

1,957

 

 

15



 

Investor Relations Supplemental Schedules

 

OCCIDENTAL PETROLEUM

CORPORATE

($ millions)

 

 

 

30-Sep-09

 

31-Dec-08

 

 

 

 

 

 

 

CAPITALIZATION

 

 

 

 

 

 

 

 

 

 

 

Long-Term Debt (including current maturities)

 

$

2,795

 

$

2,740

 

 

 

 

 

 

 

Notes Payable

 

 

7

 

 

 

 

 

 

 

Others

 

25

 

25

 

 

 

 

 

 

 

Total Debt

 

$

2,820

 

$

2,772

 

 

 

 

 

 

 

EQUITY

 

$

28,520

 

$

27,325

 

 

 

 

 

 

 

Total Debt To Total Capitalization

 

9%

 

9%

 

 

16