EXHIBIT 11
OCCIDENTAL PETROLEUM CORPORATION AND SUBSIDIARIES
COMPUTATION OF EARNINGS PER SHARE
FOR THE THREE AND SIX MONTHS ENDED JUNE 30, 2007 AND 2006
(Amounts in millions, except per-share amounts)
|
| Periods Ended June 30 |
| ||||||||||
|
| Three Months |
| Six Months |
| ||||||||
|
| 2007 |
| 2006 |
| 2007 |
| 2006 |
| ||||
BASIC EARNINGS PER SHARE |
|
|
|
|
|
|
|
|
|
|
|
|
|
Earnings applicable to common stock |
| $ | 1,412 |
| $ | 860 |
| $ | 2,624 |
| $ | 2,091 |
|
Basic shares |
|
|
|
|
|
|
|
|
|
|
|
|
|
Weighted average common |
|
|
|
|
|
|
|
|
|
|
|
|
|
shares outstanding |
|
| 872.1 |
|
| 864.2 |
|
| 871.6 |
|
| 853.3 |
|
Treasury stock |
|
| (38.9 | ) |
| (11.8 | ) |
| (36.6 | ) |
| (6.6 | ) |
Vested, unissued shares |
|
| 4.5 |
|
| 7.8 |
|
| 4.3 |
|
| 7.8 |
|
Basic shares |
|
| 837.7 |
|
| 860.2 |
|
| 839.3 |
|
| 854.5 |
|
Basic earnings per share |
|
|
|
|
|
|
|
|
|
|
|
|
|
Income from continuing operations |
| $ | 1.36 |
| $ | 1.33 |
| $ | 2.76 |
| $ | 2.61 |
|
Discontinued operations, net |
|
| 0.32 |
|
| (0.33 | ) |
| 0.37 |
|
| (0.16 | ) |
Basic earnings per common share |
| $ | 1.68 |
| $ | 1.00 |
| $ | 3.13 |
| $ | 2.45 |
|
DILUTED EARNINGS PER SHARE |
|
|
|
|
|
|
|
|
|
|
|
|
|
Earnings applicable to common stock |
| $ | 1,412 |
| $ | 860 |
| $ | 2,624 |
| $ | 2,091 |
|
Diluted shares |
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic shares |
|
| 837.7 |
|
| 860.2 |
|
| 839.3 |
|
| 854.5 |
|
Dilutive effect of stock options and |
|
|
|
|
|
|
|
|
|
|
|
|
|
restricted share plans |
|
| 4.1 |
|
| 7.5 |
|
| 3.9 |
|
| 9.8 |
|
Diluted shares |
|
| 841.8 |
|
| 867.7 |
|
| 843.2 |
|
| 864.3 |
|
Diluted earnings per share |
|
|
|
|
|
|
|
|
|
|
|
|
|
Income from continuing operations |
| $ | 1.36 |
| $ | 1.32 |
| $ | 2.74 |
| $ | 2.58 |
|
Discontinued operations, net |
|
| 0.32 |
|
| (0.33 | ) |
| 0.37 |
|
| (0.16 | ) |
Diluted earnings per common share |
| $ | 1.68 |
| $ | 0.99 |
| $ | 3.11 |
| $ | 2.42 |
|
