EXHIBIT 11
OCCIDENTAL PETROLEUM CORPORATION AND SUBSIDIARIES
COMPUTATION OF EARNINGS PER SHARE
FOR THE THREE MONTHS ENDED MARCH 31, 2008 AND 2007
(Amounts in millions, except per-share amounts)
|
|
| 2008 |
|
| 2007 |
|
|
|
|
|
|
|
BASIC EARNINGS PER SHARE |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Earnings applicable to common stock |
| $ | 1,846 |
| $ | 1,212 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic shares |
|
|
|
|
|
|
|
|
|
|
|
|
|
Weighted average common shares outstanding |
|
| 878.0 |
|
| 871.1 |
|
|
|
|
|
|
|
Treasury stock |
|
| (55.4 | ) |
| (34.3 | ) |
|
|
|
|
|
|
Vested, unissued shares |
|
| 1.0 |
|
| 4.2 |
|
|
|
|
|
|
|
Basic shares |
|
| 823.6 |
|
| 841.0 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic earnings per share |
|
|
|
|
|
|
|
|
|
|
|
|
|
Income from continuing operations |
| $ | 2.21 |
| $ | 1.39 |
|
|
|
|
|
|
|
Discontinued operations, net |
|
| 0.03 |
|
| 0.05 |
|
|
|
|
|
|
|
Basic earnings per common share |
| $ | 2.24 |
| $ | 1.44 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
DILUTED EARNINGS PER SHARE |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Earnings applicable to common stock |
| $ | 1,846 |
| $ | 1,212 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Diluted shares |
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic shares |
|
| 823.6 |
|
| 841.0 |
|
|
|
|
|
|
|
Dilutive effect of stock options and unvested restricted shares |
|
| 4.6 |
|
| 5.5 |
|
|
|
|
|
|
|
Diluted shares |
|
| 828.2 |
|
| 846.5 |
|
|
|
|
|
|
|
Diluted earnings per share |
|
|
|
|
|
|
|
|
|
|
|
|
|
Income from continuing operations |
| $ | 2.20 |
| $ | 1.38 |
|
|
|
|
|
|
|
Discontinued operations, net |
|
| 0.03 |
|
| 0.05 |
|
|
|
|
|
|
|
Diluted earnings per common share |
| $ | 2.23 |
| $ | 1.43 |
|
|
|
|
|
|
|