EXHIBIT 99.3
Investor Relations Supplemental Schedules
Investor Relations Supplemental Schedules
Summary
($ millions)
| | | 4Q 2006 | | 4Q 2005 |
Reported Net Income | | $ | 928 | | $ | 1,152 |
EPS - Diluted | | $ | 1.09 | | $ | 1.40 |
Core Net Income | | $ | 835 | | $ | 1,116 |
EPS - Diluted | | $ | 0.98 | | $ | 1.36 |
Total Worldwide Production (mboe/day) | | | 616 | | | 546 |
Total Worldwide Crude Oil Realizations ($/BBL) | | $ | 51.18 | | $ | 51.87 |
Domestic Natural Gas Realizations ($/MCF) | | $ | 5.64 | | $ | 9.81 |
Wtd. Average Basic Shares O/S (mm) | | | 846.4 | | | 810.9 |
Wtd. Average Diluted Shares O/S (mm) | | | 852.6 | | | 823.3 |
| | | YTD 2006 | | YTD 2005 |
Reported Net Income | | $ | 4,182 | | $ | 5,281 |
EPS - Diluted | | $ | 4.86 | | $ | 6.45 |
Core Net Income | | $ | 4,349 | | $ | 3,732 |
EPS - Diluted | | $ | 5.05 | | $ | 4.56 |
Total Worldwide Production (mboe/day) | | | 601 | | | 526 |
Total Worldwide Crude Oil Realizations ($/BBL) | | $ | 56.57 | | $ | 49.18 |
Domestic Natural Gas Realizations ($/MCF) | | $ | 6.51 | | $ | 7.11 |
Wtd. Average Basic Shares O/S (mm) | | | 852.6 | | | 806.6 |
Wtd. Average Diluted Shares O/S (mm) | | | 860.4 | | | 818.2 |
Shares Outstanding (mm) | | | 839.9 | | | 804.2 |
Cash Flow from Operations | | $ | 6,300 | | $ | 5,300 |
1
Investor Relations Supplemental Schedules
OCCIDENTAL PETROLEUM
2006 Fourth Quarter
Net Income (Loss)
($ millions)
| | | Reported
Income | | Significant Items Affecting Income | | Core
Earnings | |
Oil & Gas | | $ | 1,499 | | $ | — | | | | $ | 1,499 | |
Chemical | | | 156 | | | | | | | | 156 | |
Corporate | | | | | | | | | | | | |
Interest expense, net | | | (51 | ) | | 31 | | Debt purchases | | | (20 | ) |
Other | | | 111 | | | (90 | ) | Sale of Lyondell shares | | | (87 | ) |
| | | | | | | (108 | ) | Litigation settlements | | | | |
Taxes | | | (794 | ) | | 40 | | Deferred tax reversal -
compensation programs | | | (713 | ) |
| | | | | | | 41 | | Tax effect of adjustments | | | | |
Income from continuing operations | | | 921 | | | (86 | ) | | | | 835 | |
Discontinued operations, net of tax | | | 7 | | | (7 | ) | Discontinued operations, net | | | — | |
Net Income | | $ | 928 | | $ | (93 | ) | | | $ | 835 | |
Basic Earnings Per Common Share | | | | | | | | | | | | |
Income from continuing operations | | $ | 1.09 | | | | | | | | | |
Discontinued operations, net | | | 0.01 | | | | | | | | | |
Net Income | | $ | 1.10 | | | | | | | $ | 0.99 | |
Diluted Earnings Per Common Share | | | | | | | | | | | | |
Income from continuing operations | | $ | 1.08 | | | | | | | | | |
Discontinued operations, net | | | 0.01 | | | | | | | | | |
Net Income | | $ | 1.09 | | | | | | | $ | 0.98 | |
2
Investor Relations Supplemental Schedules
OCCIDENTAL PETROLEUM
2005 Fourth Quarter
Net Income (Loss)
($ millions)
| | | Reported
Income | | Significant Items Affecting Income | | Core
Earnings | |
Oil & Gas | | $ | 1,796 | | $ | 9 | | Hurricane insurance charge | | $ | 1,805 | |
Chemical | | | 165 | | | 6 | | Hurricane insurance charge | | | 171 | |
Corporate | | | | | | | | | | | | |
Interest expense, net | | | (23 | ) | | 1 | | Debt purchase expense | | | (22 | ) |
Other | | | (89 | ) | | | | | | | (89 | ) |
Taxes | | | (743 | ) | | (6 | ) | Tax effect of adjustments | | | (749 | ) |
| | | | | | | | | | | | | |
| Income from continuing operations | | | 1,106 | | | 10 | | | | | 1,116 | |
Discontinued operations, net of tax | | | 46 | | | (46 | ) | Discontinued operations, net | | | — | |
Net Income | | $ | 1,152 | | $ | (36 | ) | | | $ | 1,116 | |
Basic Earnings Per Common Share | | | | | | | | | | | | |
Income from continuing operations | | $ | 1.36 | | | | | | | | | |
Discontinued operations, net of tax | | | 0.06 | | | | | | | | | |
Net Income | | $ | 1.42 | | | | | | | $ | 1.38 | |
Diluted Earnings Per Common Share | | | | | | | | | | | | |
Income from continuing operations | | $ | 1.34 | | | | | | | | | |
Discontinued operations, net of tax | | | 0.06 | | | | | | | | | |
Net Income | | $ | 1.40 | | | | | | | $ | 1.36 | |
3
Investor Relations Supplemental Schedules
OCCIDENTAL PETROLEUM
2006 Twelve Months
Net Income (Loss)
($ millions)
| | | Reported
Income | | Significant Items Affecting Income | | Core
Earnings | |
Oil & Gas | | $ | 7,239 | | $ | — | | | | $ | 7,239 | |
Chemical | | | 901 | | | | | | | | 901 | |
Corporate | | | | | | | | | | | | |
Interest expense, net | | | (131 | ) | | 31 | | Debt purchases | | | (100 | ) |
Other | | | (108 | ) | | (90 | ) | Sale of Lyondell shares | | | (306 | ) |
| | | | | | | (108 | ) | Litigation settlements | | | | |
Taxes | | | (3,466 | ) | | 40 | | Deferred tax reversal -
compensation programs | | | (3,385 | ) |
| | | | | | | 41 | | Tax effect of adjustments | | | | |
Income from continuing operations | | | 4,435 | | | (86 | ) | | | | 4,349 | |
Discontinued operations, net of tax | | | (253 | ) | | 253 | | Discontinued operations, net | | | — | |
Net Income | | $ | 4,182 | | $ | 167 | | | | $ | 4,349 | |
Basic Earnings Per Common Share | | | | | | | | | | | | |
Income from continuing operations | | $ | 5.20 | | | | | | | | | |
Discontinued operations, net | | | (0.30 | ) | | | | | | | | |
Net Income | | $ | 4.90 | | | | | | | $ | 5.10 | |
Diluted Earnings Per Common Share | | | | | | | | | | | | |
Income from continuing operations | | $ | 5.15 | | | | | | | | | |
Discontinued operations, net | | | (0.29 | ) | | | | | | | | |
Net Income | | $ | 4.86 | | | | | | | $ | 5.05 | |
4
Investor Relations Supplemental Schedules
OCCIDENTAL PETROLEUM
2005 Twelve Months
Net Income (Loss)
($ millions)
| | | Reported
Income | | Significant Items Affecting Income | | Core
Earnings | |
Oil & Gas | | $ | 5,968 | | $ | 26 | | Contract settlement | | $ | 6,012 | |
| | | | | | | 18 | | Hurricane insurance charge | | | | |
Chemical | | | 607 | | | 159 | | Write-off of plants | | | 777 | |
| | | | | | | 11 | | Hurricane insurance charge | | | | |
Corporate | | | | | | | | | | | | |
Interest expense, net | | | (201 | ) | | 42 | | Debt purchase expense | | | (159 | ) |
Other | | | 593 | | | (140 | ) | Sale of Lyondell shares | | | (246 | ) |
| | | | | | | (726 | ) | Sale of Premcor-Valero shares | | | | |
| | | | | | | 10 | | Hurricane insurance charge | | | | |
| | | | | | | 15 | | Equity investment impairment | | | | |
| | | | | | | 2 | | Equity investment hurricane
insurance charge | | | | |
Taxes | | | (1,927 | ) | | (619 | ) | Settlement of federal tax issue | | | (2,652 | ) |
| | | | | | | (335 | ) | Tax reserves | | | | |
| | | | | | | 10 | | State tax issue | | | | |
| | | | | | | 219 | | Tax effect of adjustments | | | | |
Income from continuing operations | | | 5,040 | | | (1,308 | ) | | | | 3,732 | |
Discontinued operations, net of tax | | | 238 | | | (238 | ) | Discontinued operations, net | | | — | |
Change in accounting principles, net | | | 3 | | | (3 | ) | Change in accounting principles | | | — | |
Net Income | | $ | 5,281 | | $ | (1,549 | ) | | | $ | 3,732 | |
Basic Earnings Per Common Share | | | | | | | | | | | | |
Income from continuing operations | | $ | 6.25 | | | | | | | | | |
Discontinued operations, net of tax | | | 0.30 | | | | | | | | | |
Net Income | | $ | 6.55 | | | | | | | $ | 4.63 | |
Diluted Earnings Per Common Share | | | | | | | | | | | | |
Income from continuing operations | | $ | 6.16 | | | | | | | | | |
Discontinued operations, net of tax | | | 0.29 | | | | | | | | | |
Net Income | | $ | 6.45 | | | | | | | $ | 4.56 | |
5
Investor Relations Supplemental Schedules
OCCIDENTAL PETROLEUM
Items Affecting Comparability of Core Earnings Between Periods
The item(s) below are included in core earnings but are shown in this table because they affect the comparability of core earnings between periods.
Pre-tax
Income / (Expense) | Fourth Quarter | | Twelve Months | |
| 2006 | | 2005 | | 2006 | | 2005 | |
Corporate | | | | | | | | |
Environmental remediation | (23 | ) | (33 | ) | (47 | ) | (62 | ) |
6
Investor Relations Supplemental Schedules
OCCIDENTAL PETROLEUM
Worldwide Effective Tax Rate
| QUARTERLY | | YEAR TO-DATE | |
REPORTED INCOME | 2006
QTR 4 | | 2006
QTR 3 | | 2005
QTR 4 | | 2006
12 Months | | 2005
12 Months | |
Oil & Gas (a) | 1,499 | | 1,877 | | 1,796 | | 7,239 | | 5,968 | |
Chemicals | 156 | | 247 | | 165 | | 901 | | 607 | |
Corporate & other | 60 | | (80 | ) | (112 | ) | (239 | ) | 392 | |
Pre-tax income | 1,715 | | 2,044 | | 1,849 | | 7,901 | | 6,967 | |
Income tax expense | | | | | | | | | | |
Federal and state | 392 | | 435 | | 392 | | 1,713 | | 665 | |
Foreign (a) | 402 | | 450 | | 351 | | 1,753 | | 1,262 | |
Total | 794 | | 885 | | 743 | | 3,466 | | 1,927 | |
| | | | | | | | | | | |
Income from continuing operations | 921 | | 1,159 | | 1,106 | | 4,435 | | 5,040 | |
Worldwide effective tax rate | 46% | | 43% | | 40% | | 44% | | 28% | |
CORE INCOME | 2006
QTR 4 | | 2006
QTR 3 | | 2005
QTR 4 | | 2006
12 Months | | 2005
12 Months | |
Oil & Gas (a) | 1,499 | | 1,877 | | 1,805 | | 7,239 | | 6,012 | |
Chemicals | 156 | | 247 | | 171 | | 901 | | 777 | |
Corporate & other | (107 | ) | (80 | ) | (111 | ) | (406 | ) | (405 | ) |
Pre-tax income | 1,548 | | 2,044 | | 1,865 | | 7,734 | | 6,384 | |
Income tax expense | | | | | | | | | | |
Federal and state | 311 | | 435 | | 398 | | 1,632 | | 1,390 | |
Foreign (a) | 402 | | 450 | | 351 | | 1,753 | | 1,262 | |
Total | 713 | | 885 | | 749 | | 3,385 | | 2,652 | |
| | | | | | | | | | | |
Core income | 835 | | 1,159 | | 1,116 | | 4,349 | | 3,732 | |
Worldwide effective tax rate | 46% | | 43% | | 40% | | 44% | | 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.
| | 2006
QTR 4 | | 2006
QTR 3 | | 2005
QTR 4 | | 2006
12 Months | | 2005
12 Months | |
| | 252 | | 299 | | 211 | | 1,123 | | 887 | |
7
Investor Relations Supplemental Schedules
OCCIDENTAL PETROLEUM
2006 Fourth Quarter Net Income (Loss)
Reported Income Comparison
| | | Fourth
Quarter
2006 | | Third
Quarter
2006 | | B / (W) | |
Oil & Gas | | $ | 1,499 | | $ | 1,877 | | $ | (378 | ) |
Chemical | | | 156 | | | 247 | | | (91 | ) |
Corporate | | | | | | | | | | |
Interest expense, net | | | (51 | ) | | (18 | ) | | (33 | ) |
Other | | | 111 | | | (62 | ) | | 173 | |
Taxes | | | (794 | ) | | (885 | ) | | 91 | |
Income from continuing operations | | | 921 | | | 1,159 | | | (238 | ) |
Discontinued operations, net | | | 7 | | | 9 | | | (2 | ) |
Net Income | | $ | 928 | | $ | 1,168 | | $ | (240 | ) |
Earnings Per Common Share | | | | | | | | | | |
Basic | | $ | 1.10 | | $ | 1.37 | | $ | (0.27 | ) |
Diluted | | $ | 1.09 | | $ | 1.36 | | $ | (0.27 | ) |
Worldwide Effective Tax Rate | | | 46% | | | 43% | | | -3% | |
OCCIDENTAL PETROLEUM
2006 Fourth Quarter Net Income (Loss)
Core Earnings Comparison
| | | Fourth
Quarter
2006 | | Third
Quarter
2006 | | B / (W) | |
Oil & Gas | | $ | 1,499 | | $ | 1,877 | | $ | (378 | ) |
Chemical | | | 156 | | | 247 | | | (91 | ) |
Corporate | | | | | | | | | | |
Interest expense, net | | | (20 | ) | | (18 | ) | | (2 | ) |
Other | | | (87 | ) | | (62 | ) | | (25 | ) |
Taxes | | | (713 | ) | | (885 | ) | | 172 | |
Net Income | | $ | 835 | | $ | 1,159 | | $ | (324 | ) |
Core Earnings Per Common Share | | | | | | | | | | |
Basic | | $ | 0.99 | | $ | 1.36 | | $ | (0.37 | ) |
Diluted | | $ | 0.98 | | $ | 1.35 | | $ | (0.37 | ) |
Worldwide Effective Tax Rate | | | 46% | | | 43% | | | -3% | |
8
Investor Relations Supplemental Schedules
OCCIDENTAL PETROLEUM
Oil & Gas
Core Earnings Variance Analysis 4Q06 vs. 3Q06
($ millions)
[the following is a tabular representation of graphical materials]
2006 4th Quarter | | $ | 1,499 | | |
2006 3rd Quarter | | | 1,877 | | |
| | | $ | (378 | ) | |
Sales Price | | $ | (439 | ) | |
Sales Volume/Mix | | | 118 | | |
Exploration Expense | | | (26 | ) | |
All Others * | | | (31 | ) | |
TOTAL VARIANCE | | $ | (378 | ) | |
*DD&A rate increase (16) and higher operating expenses
OCCIDENTAL PETROLEUM
Chemical
Core Earnings Variance Analysis 4Q06 vs. 3Q06
($ millions)
[the following is a tabular representation of graphical materials]
2006 4th Quarter | | $ | 156 | | |
2006 3rd Quarter | | | 247 | | |
| | | $ | (91 | ) | |
Sales Price | | | (48 | ) | |
| | | | | | |
Sales Volume/Mix | | | (50 | ) | |
| | | | | | |
Operations/Manufacturing | | | 15 | | |
| | | | | | |
All Others | | | (8 | ) | |
TOTAL VARIANCE | | $ | (91 | ) | |
9
Investor Relations Supplemental Schedules
OCCIDENTAL PETROLEUM
2006 Fourth Quarter Net Income (Loss)
Reported Income Comparison
| | | Fourth
Quarter
2006 | | Fourth
Quarter
2005 | | B / (W) | |
Oil & Gas | | $ | 1,499 | | $ | 1,796 | | $ | (297 | ) |
Chemical | | | 156 | | | 165 | | | (9 | ) |
Corporate | | | | | | | | | | |
Interest expense, net | | | (51 | ) | | (23 | ) | | (28 | ) |
Other | | | 111 | | | (89 | ) | | 200 | |
Taxes | | | (794 | ) | | (743 | ) | | (51 | ) |
Income from continuing operations | | | 921 | | | 1,106 | | | (185 | ) |
Discontinued operations, net | | | 7 | | | 46 | | | (39 | ) |
Net Income | | $ | 928 | | $ | 1,152 | | $ | (224 | ) |
Earnings Per Common Share | | | | | | | | | | |
Basic | | $ | 1.10 | | $ | 1.42 | | $ | (0.32 | ) |
Diluted | | $ | 1.09 | | $ | 1.40 | | $ | (0.31 | ) |
Worldwide Effective Tax Rate | | | 46% | | | 40% | | | -6% | |
OCCIDENTAL PETROLEUM
2006 Fourth Quarter Net Income (Loss)
Core Earnings Comparison
| | | Fourth
Quarter
2006 | | Fourth
Quarter
2005 | | B / (W) | |
Oil & Gas | | $ | 1,499 | | $ | 1,805 | | $ | (306 | ) |
Chemical | | | 156 | | | 171 | | | (15 | ) |
Corporate | | | | | | | | | | |
Interest expense, net | | | (20 | ) | | (22 | ) | | 2 | |
Other | | | (87 | ) | | (89 | ) | | 2 | |
Taxes | | | (713 | ) | | (749 | ) | | 36 | |
Net Income | | $ | 835 | | $ | 1,116 | | $ | (281 | ) |
Core Earnings Per Common Share | | | | | | | | | | |
Basic | | $ | 0.99 | | $ | 1.38 | | $ | (0.39 | ) |
Diluted | | $ | 0.98 | | $ | 1.36 | | $ | (0.38 | ) |
Worldwide Effective Tax Rate | | | 46% | | | 40% | | | -6% | |
10
Investor Relations Supplemental Schedules
OCCIDENTAL PETROLEUM
Oil & Gas
Core Earnings Variance Analysis 4Q06 vs. 4Q05
($ millions)
[the following is a tabular representation of graphical materials]
2006 4th Quarter | | $ | 1,499 | | |
2005 4th Quarter | | | 1,805 | | |
| | | $ | (306 | ) | |
Sales Price | | $ | (276 | ) | |
Sales Volume/Mix | | | 88 | | |
Exploration Expense | | | 18 | | |
| | | | | | |
All Others * | | | (136 | ) | |
TOTAL VARIANCE | | $ | (306 | ) | |
*DD&A rate increase (60) and higher operating expenses
OCCIDENTAL PETROLEUM
Chemical
Core Earnings Variance Analysis 4Q06 vs. 4Q05
($ millions)
[the following is a tabular representation of graphical materials]
2006 4th Quarter | | $ | 156 | | |
2005 4th Quarter | | | 171 | | |
| | | $ | (15 | ) | |
Sales Price | | $ | (96 | ) | |
Sales Volume/Mix | | | (52 | ) | |
| | | | | | |
Operations/Manufacturing | | | 148 | | * |
| | | | | | |
All Others | | | (15 | ) | |
TOTAL VARIANCE | | $ | (15 | ) | |
* Lower feedstock and engery costs
11
Investor Relations Supplemental Schedules
OCCIDENTAL PETROLEUM
SUMMARY OF OPERATING STATISTICS
| | | Fourth Quarter | | Twelve Months | |
| | | 2006 | | 2005 | | 2006 | | 2005 | |
NET PRODUCTION PER DAY: | | | | | | | | | |
United States | | | | | | | | | |
Crude Oil and Liquids (MBL) | | | | | | | | | |
California | | 94 | | 78 | | 86 | | 76 | |
Permian | | 167 | | 170 | | 167 | | 161 | |
Horn Mountain | | 11 | | 14 | | 12 | | 13 | |
Hugoton and other | | 3 | | 3 | | 3 | | 4 | |
Total | | 275 | | 265 | | 268 | | 253 | |
Natural Gas (MMCF) | | | | | | | | | |
California | | 261 | | 247 | | 256 | | 242 | |
Hugoton and other | | 142 | | 139 | | 138 | | 133 | |
Permian | | 190 | | 180 | | 194 | | 170 | |
Horn Mountain | | 6 | | 6 | | 7 | | 8 | |
Total | | 599 | | 572 | | 595 | | 553 | |
Latin America | | | | | | | | | |
Crude Oil (MBL) | | | | | | | | | |
Argentina | | 35 | | — | | 33 | | — | |
Colombia | | 44 | | 36 | | 38 | | 36 | |
Total | | 79 | | 36 | | 71 | | 36 | |
Natural Gas (MMCF) | | | | | | | | | |
Argentina | | 17 | | — | | 17 | | — | |
Bolivia | | 18 | | — | | 17 | | — | |
| | | 35 | | — | | 34 | | — | |
Middle East / North Africa | | | | | | | | | |
Crude Oil (MBL) | | | | | | | | | |
Oman | | 19 | | 13 | | 18 | | 17 | |
Qatar | | 44 | | 42 | | 43 | | 42 | |
Yemen | | 26 | | 24 | | 29 | | 28 | |
Libya | | 24 | | 24 | | 23 | | 8 | |
Total | | 113 | | 103 | | 113 | | 95 | |
Natural Gas (MMCF) | | | | | | | | | |
Oman | | 25 | | 25 | | 30 | | 44 | |
Other Eastern Hemisphere | | | | | | | | | |
Crude Oil (MBL) | | | | | | | | | |
Pakistan | | 4 | | 5 | | 4 | | 5 | |
Natural Gas (MMCF) | | | | | | | | | |
Pakistan | | 76 | | 77 | | 76 | | 77 | |
Barrels of Oil Equivalent (MBOE) | | | | | | | | | |
Subtotal consolidated subsidiaries | | 594 | | 521 | | 578 | | 501 | |
Other interests | | | | | | | | | |
Colombia – minority interest | | (6 | ) | (4 | ) | (5 | ) | (4 | ) |
Russia – Occidental net interest | | 26 | | 28 | | 27 | | 28 | |
Yemen – Occidental net interest | | 2 | | 1 | | 1 | | 1 | |
Total worldwide production (MBOE) | | 616 | | 546 | | 601 | | 526 | |
12
Investor Relations Supplemental Schedules
OCCIDENTAL PETROLEUM
SUMMARY OF OPERATING STATISTICS
| | | Fourth Quarter | | Twelve Months |
| | | 2006 | | 2005 | | 2006 | | 2005 |
OIL & GAS: | | | | | | | | |
PRICES | | | | | | | | |
United States | | | | | | | | |
Crude Oil ($/BBL) | | 52.68 | | 52.93 | | 58.13 | | 50.21 |
Natural gas ($/MCF) | | 5.64 | | 9.81 | | 6.51 | | 7.11 |
Latin America | | | | | | | | |
Crude Oil ($/BBL) | | 46.80 | | 51.54 | | 52.40 | | 51.18 |
Natural Gas ($/MCF) | | 2.26 | | — | | 2.00 | | — |
Middle East / North Africa | | | | | | | | |
Crude Oil ($/BBL) | | 57.21 | | 53.08 | | 61.58 | | 49.88 |
Natural Gas ($/MCF) | | 0.97 | | 0.97 | | 0.97 | | 0.96 |
Other Eastern Hemisphere | | | | | | | | |
Crude Oil ($/BBL) | | 50.15 | | 51.36 | | 56.70 | | 46.84 |
Natural Gas ($/MCF) | | 2.96 | | 2.50 | | 2.94 | | 2.44 |
Total Worldwide | | | | | | | | |
Crude Oil ($/BBL) | | 51.18 | | 51.87 | | 56.57 | | 49.18 |
Natural Gas ($/MCF) | | 4.86 | | 8.37 | | 5.50 | | 5.98 |
| | | Fourth Quarter | | Twelve Months |
| | | 2006 | | 2005 | | 2006 | | 2005 |
Exploration Expense | | | | | | | | | | | | |
Domestic | | $ | 33 | | $ | 32 | | $ | 108 | | $ | 163 |
Latin America | | | 5 | | | 31 | | | 17 | | | 42 |
Middle East / North Africa | | | 44 | | | 38 | | | 134 | | | 47 |
Other Eastern Hemisphere | | | 18 | | | 17 | | | 36 | | | 62 |
TOTAL | | $ | 100 | | $ | 118 | | $ | 295 | | $ | 314 |
13
Investor Relations Supplemental Schedules
OCCIDENTAL PETROLEUM
SUMMARY OF OPERATING STATISTICS
| | | Fourth Quarter | | Twelve Months |
Capital Expenditures ($MM) | | 2006 | | 2005 | | 2006 | | 2005 |
Oil & Gas | | | | | | | | | | | | |
California | | $ | 169 | | $ | 110 | | $ | 545 | | $ | 380 |
Permian | | | 200 | | | 137 | | | 614 | | | 408 |
Other - U.S. | | | 58 | | | 70 | | | 252 | | | 183 |
Latin America | | | 123 | | | 32 | | | 346 | | | 98 |
Middle East / North Africa | | | 306 | | | 292 | | | 929 | | | 982 |
Other Eastern Hemisphere | | | 23 | | | 14 | | | 35 | | | 86 |
Chemicals | | | 122 | | | 79 | | | 251 | | | 173 |
Corporate | | | 12 | | | 7 | | | 33 | | | 14 |
TOTAL | | $ | 1,013 | | $ | 741 | | $ | 3,005 | | $ | 2,324 |
Depreciation, Depletion & | | Fourth Quarter | | Twelve Months |
Amortization of Assets ($MM) | | 2006 | | 2005 | | 2006 | | 2005 |
Oil & Gas | | | | | | | | | | | | |
Domestic | | $ | 271 | | $ | 199 | | $ | 926 | | $ | 707 |
Latin America | | | 79 | | | 18 | | | 275 | | | 55 |
Middle East / North Africa | | | 134 | | | 90 | | | 525 | | | 347 |
Other Eastern Hemisphere | | | 9 | | | 12 | | | 35 | | | 42 |
Chemicals | | | 65 | | | 64 | | | 260 | | | 251 |
Corporate | | | 7 | | | 4 | | | 21 | | | 20 |
TOTAL | | $ | 565 | | $ | 387 | | $ | 2,042 | | $ | 1,422 |
14
Investor Relations Supplemental Schedules
OCCIDENTAL PETROLEUM
CORPORATE
($ millions)
| | | 31-Dec-06 | | 31-Dec-05 |
CAPITALIZATION | | | | | | |
Long-Term Debt (including current maturities) | | $ | 2,790 | | $ | 2,919 |
Subsidiary Preferred Stock | | | 75 | | | 75 |
Others | | | 25 | | | 25 |
Total Debt | | $ | 2,890 | | $ | 3,019 |
EQUITY | | $ | 19,184 | | $ | 15,032 |
Total Debt To Total Capitalization | | | 13% | | | 17% |
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Investor Relations Supplemental Schedules
See the investor relations supplemental schedules for the reconciliation of non-GAAP items. Statements in this presentation that contain words such as "will", "expect" or "estimate", or otherwise relate to the future, are forward-looking and involve risks and uncertainties that could materially affect expected results. Factors that could cause results to differ materially include, but are not limited to: exploration risks, such as drilling of unsuccessful wells; global commodity pricing fluctuations and supply/demand considerations for oil, gas and chemicals; higher-than-expected costs; political risk; and not successfully completing (or any material delay in) any expansion, capital expenditure, acquisition, or disposition. You should not place undue reliance on these forward-looking statements which speak only as of the date of this filing. Unless legally required, Occidental disclaims any obligation to update any forward-looking statements as a result of new information, future events or otherwise. U.S. investors are urged to consider carefully the disclosure in our Form 10-K, available through the following toll-free telephone number, 1-888-OXYPETE (1-888-699-7383) or on the Internet at http://www.oxy.com. You also can obtain a copy from the SEC by calling 1-800-SEC-0330.
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