EXHIBIT 99.3
Investor Relations Supplemental Schedules
Investor Relations Supplemental Schedules | |||||
Summary | |||||
($ Millions) | |||||
4Q 2009 | 4Q 2008 | ||||
Reported Net Income | $938 | $443 | |||
EPS - Diluted | $1.15 | $0.55 | |||
Core Results | $1,058 | $957 | |||
EPS - Diluted | $1.30 | $1.18 | |||
Total Worldwide Sales Volumes (mboe/day) | 650 | 620 | |||
Total Worldwide Crude Oil Realizations ($/BBL) | $69.39 | $53.52 | |||
Domestic Natural Gas Realizations ($/MCF) | $4.37 | $4.67 | |||
Wtd. Average Basic Shares O/S (mm) | 811.8 | 810.3 | |||
Wtd. Average Diluted Shares O/S (mm) | 813.5 | 811.5 | |||
YTD 2009 | YTD 2008 | ||||
Reported Net Income | $2,915 | $6,857 | |||
EPS - Diluted | $3.58 | $8.34 | |||
Core Results | $3,083 | $7,348 | |||
EPS - Diluted | $3.78 | $8.94 | |||
Total Worldwide Sales Volumes (mboe/day) | 645 | 601 | |||
Total Worldwide Crude Oil Realizations ($/BBL) | $55.97 | $88.26 | |||
Domestic Natural Gas Realizations ($/MCF) | $3.46 | $8.03 | |||
Wtd. Average Basic Shares O/S (mm) | 811.3 | 817.6 | |||
Wtd. Average Diluted Shares O/S (mm) | 813.8 | 820.5 | |||
Shares Outstanding (mm) | 811.9 | 810.2 | |||
Cash Flow from Operations | $ | 5,800 | $ | 10,700 |
1
Investor Relations Supplemental Schedules
OCCIDENTAL PETROLEUM | ||||||||||||||
2009 Fourth Quarter | ||||||||||||||
Net Income (Loss) | ||||||||||||||
($ millions) | ||||||||||||||
Reported | Core | |||||||||||||
Income | Significant Items Affecting Income | Results | ||||||||||||
Oil & Gas | $ | 1,643 | $ | 170 | Asset impairments | $ | 1,813 | |||||||
Chemical | 33 | 33 | ||||||||||||
Midstream, marketing and other | 81 | 81 | ||||||||||||
Corporate | ||||||||||||||
Interest expense, net | (33 | ) | (33 | ) | ||||||||||
Other | (108 | ) | (108 | ) | ||||||||||
Taxes | (673 | ) | (55 | ) | Tax effect of adjustments | (728 | ) | |||||||
Income from continuing operations | 943 | 115 | 1,058 | |||||||||||
Discontinued operations, net of tax | (5 | ) | 5 | Discontinued operations, net | - | |||||||||
Net Income | $ | 938 | $ | 120 | $ | 1,058 | ||||||||
Basic Earnings Per Common Share | ||||||||||||||
Income from continuing operations | $ | 1.16 | ||||||||||||
Discontinued operations, net | (0.01 | ) | ||||||||||||
Net Income | $ | 1.15 | $ | 1.30 | ||||||||||
Diluted Earnings Per Common Share | ||||||||||||||
Income from continuing operations | $ | 1.16 | ||||||||||||
Discontinued operations, net | (0.01 | ) | ||||||||||||
Net Income | $ | 1.15 | $ | 1.30 |
2
Investor Relations Supplemental Schedules
OCCIDENTAL PETROLEUM | ||||||||||||||
2008 Fourth Quarter | ||||||||||||||
Net Income (Loss) | ||||||||||||||
($ millions) | ||||||||||||||
Reported | Core | |||||||||||||
Income | Significant Items Affecting Income | Results | ||||||||||||
Oil & Gas | $ | 339 | $ | 599 | Asset impairments | $ | 996 | |||||||
58 | Rig contract terminations | |||||||||||||
Chemical | 127 | 90 | Plant closure | 217 | ||||||||||
Midstream, marketing and other | 170 | 170 | ||||||||||||
Corporate | ||||||||||||||
Interest expense, net | (16 | ) | (16 | ) | ||||||||||
Other | (54 | ) | (54 | ) | ||||||||||
Taxes | (118 | ) | (238 | ) | Tax effect of adjustments | (356 | ) | |||||||
Income from continuing operations | 448 | 509 | 957 | |||||||||||
Discontinued operations, net of tax | (5 | ) | 5 | Discontinued operations, net | - | |||||||||
Net Income | $ | 443 | $ | 514 | $ | 957 | ||||||||
Basic Earnings Per Common Share | ||||||||||||||
Income from continuing operations | $ | 0.55 | ||||||||||||
Discontinued operations, net | - | |||||||||||||
Net Income | $ | 0.55 | $ | 1.18 | ||||||||||
Diluted Earnings Per Common Share | ||||||||||||||
Income from continuing operations | $ | 0.55 | ||||||||||||
Discontinued operations, net | - | |||||||||||||
Net Income | $ | 0.55 | $ | 1.18 |
3
Investor Relations Supplemental Schedules
OCCIDENTAL PETROLEUM | ||||||||||||||
2009 Twelve Months | ||||||||||||||
Net Income (Loss) | ||||||||||||||
($ millions) | ||||||||||||||
Reported | Core | |||||||||||||
Income | Significant Items Affecting Income | Results | ||||||||||||
Oil & Gas | $ | 4,735 | $ | 8 | Rig terminations | $ | 4,913 | |||||||
170 | Asset impairments | |||||||||||||
Chemical | 389 | 389 | ||||||||||||
Midstream, marketing and other | 235 | 235 | ||||||||||||
Corporate | ||||||||||||||
Interest expense, net | (109 | ) | (109 | ) | ||||||||||
Other | (405 | ) | 40 | Severance | (350 | ) | ||||||||
15 | Railcar leases | |||||||||||||
Taxes | (1,918 | ) | (77 | ) | Tax effect of adjustments | (1,995 | ) | |||||||
Income from continuing operations | 2,927 | 156 | 3,083 | |||||||||||
Discontinued operations, net of tax | (12 | ) | 12 | Discontinued operations, net | - | |||||||||
Net Income | $ | 2,915 | $ | 168 | $ | 3,083 | ||||||||
Basic Earnings Per Common Share | ||||||||||||||
Income from continuing operations | $ | 3.60 | ||||||||||||
Discontinued operations, net | (0.01 | ) | ||||||||||||
Net Income | $ | 3.59 | $ | 3.80 | ||||||||||
Diluted Earnings Per Common Share | ||||||||||||||
Income from continuing operations | $ | 3.59 | ||||||||||||
Discontinued operations, net | (0.01 | ) | ||||||||||||
Net Income | $ | 3.58 | $ | 3.78 |
4
Investor Relations Supplemental Schedules
OCCIDENTAL PETROLEUM | ||||||||||||||
2008 Twelve Months | ||||||||||||||
Net Income (Loss) | ||||||||||||||
($ millions) | ||||||||||||||
Reported | Core | |||||||||||||
Income | Significant Items Affecting Income | Results | ||||||||||||
Oil & Gas | $ | 10,651 | $ | 58 | Rig contract terminations | $ | 11,308 | |||||||
599 | Asset impairments | |||||||||||||
Chemical | 669 | 90 | Plant closure | 759 | ||||||||||
Midstream, marketing and other | 520 | 520 | ||||||||||||
Corporate | ||||||||||||||
Interest expense, net | (26 | ) | (26 | ) | ||||||||||
Other | (346 | ) | (346 | ) | ||||||||||
Taxes | (4,629 | ) | (238 | ) | Tax effect of adjustments | (4,867 | ) | |||||||
Income from continuing operations | 6,839 | 509 | 7,348 | |||||||||||
Discontinued operations, net of tax | 18 | (18 | ) | Discontinued operations, net | - | |||||||||
Net Income | $ | 6,857 | $ | 491 | $ | 7,348 | ||||||||
Basic Earnings Per Common Share | ||||||||||||||
Income from continuing operations | $ | 8.35 | ||||||||||||
Discontinued operations, net | 0.02 | |||||||||||||
Net Income | $ | 8.37 | $ | 8.97 | ||||||||||
Diluted Earnings Per Common Share | ||||||||||||||
Income from continuing operations | $ | 8.32 | ||||||||||||
Discontinued operations, net | 0.02 | |||||||||||||
Net Income | $ | 8.34 | $ | 8.94 |
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 | |||||||||||
Income / (Expense) | Fourth Quarter | Twelve Months | |||||||||
2009 | 2008 | 2009 | 2008 | ||||||||
Foreign Exchange Gains & (Losses) * | 8 | 88 | 36 | 91 | |||||||
*Amounts shown after-tax |
6
Investor Relations Supplemental Schedules
OCCIDENTAL PETROLEUM | ||||||||||||||
Worldwide Effective Tax Rate | ||||||||||||||
QUARTERLY | YEAR-TO-DATE | |||||||||||||
2009 | 2009 | 2008 | 2009 | 2008 | ||||||||||
REPORTED INCOME | QTR 4 | QTR 3 | QTR 4 | 12 Months | 12 Months | |||||||||
Oil & Gas (a) | 1,643 | 1,464 | 339 | 4,735 | 10,651 | |||||||||
Chemicals | 33 | 72 | 127 | 389 | 669 | |||||||||
Midstream, marketing and other | 81 | 77 | 170 | 235 | 520 | |||||||||
Corporate & other | (141 | ) | (135 | ) | (70 | ) | (514 | ) | (372 | ) | ||||
Pre-tax income | 1,616 | 1,478 | 566 | 4,845 | 11,468 | |||||||||
Income tax expense | ||||||||||||||
Federal and state | 338 | 189 | 65 | 686 | 2,188 | |||||||||
Foreign (a) | 335 | 360 | 53 | 1,232 | 2,441 | |||||||||
Total | 673 | 549 | 118 | 1,918 | 4,629 | |||||||||
Income from continuing operations | 943 | 929 | 448 | 2,927 | 6,839 | |||||||||
Worldwide effective tax rate | 42% | 37% | 21% | 40% | 40% | |||||||||
2009 | 2009 | 2008 | 2009 | 2008 | ||||||||||
CORE RESULTS | QTR 4 | QTR 3 | QTR 4 | 12 Months | 12 Months | |||||||||
Oil & Gas (a) | 1,813 | 1,464 | 996 | 4,913 | 11,308 | |||||||||
Chemicals | 33 | 72 | 217 | 389 | 759 | |||||||||
Midstream, marketing and other | 81 | 77 | 170 | 235 | 520 | |||||||||
Corporate & other | (141 | ) | (135 | ) | (70 | ) | (459 | ) | (372 | ) | ||||
Pre-tax income | 1,786 | 1,478 | 1,313 | 5,078 | 12,215 | |||||||||
Income tax expense | ||||||||||||||
Federal and state | 338 | 189 | 303 | 708 | 2,426 | |||||||||
Foreign (a) | 390 | 360 | 53 | 1,287 | 2,441 | |||||||||
Total | 728 | 549 | 356 | 1,995 | 4,867 | |||||||||
Core results | 1,058 | 929 | 957 | 3,083 | 7,348 | |||||||||
Worldwide effective tax rate | 41% | 37% | 27% | 39% | 40% | |||||||||
(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 4 | QTR 3 | QTR 4 | 12 Months | 12 Months | ||||||||||
400 | 338 | 250 | 1,227 | 2,051 |
7
Investor Relations Supplemental Schedules
OCCIDENTAL PETROLEUM | ||||||||||||
2009 Fourth Quarter Net Income (Loss) | ||||||||||||
Reported Income Comparison | ||||||||||||
Fourth | Third | |||||||||||
Quarter | Quarter | |||||||||||
2009 | 2009 | B / (W) | ||||||||||
Oil & Gas | $ | 1,643 | $ | 1,464 | $ | 179 | ||||||
Chemical | 33 | 72 | (39 | ) | ||||||||
Midstream, marketing and other | 81 | 77 | 4 | |||||||||
Corporate | ||||||||||||
Interest expense, net | (33 | ) | (33 | ) | - | |||||||
Other | (108 | ) | (102 | ) | (6 | ) | ||||||
Taxes | (673 | ) | (549 | ) | (124 | ) | ||||||
Income from continuing operations | 943 | 929 | 14 | |||||||||
Discontinued operations, net | (5 | ) | (2 | ) | (3 | ) | ||||||
Net Income | $ | 938 | $ | 927 | $ | 11 | ||||||
Earnings Per Common Share | ||||||||||||
Basic | $ | 1.15 | $ | 1.14 | $ | 0.01 | ||||||
Diluted | $ | 1.15 | $ | 1.14 | $ | 0.01 | ||||||
Worldwide Effective Tax Rate | 42% | 37% | -5% | |||||||||
OCCIDENTAL PETROLEUM | ||||||||||||
2009 Fourth Quarter Net Income (Loss) | ||||||||||||
Core Results Comparison | ||||||||||||
Fourth | Third | |||||||||||
Quarter | Quarter | |||||||||||
2009 | 2009 | B / (W) | ||||||||||
Oil & Gas | $ | 1,813 | $ | 1,464 | $ | 349 | ||||||
Chemical | 33 | 72 | (39 | ) | ||||||||
Midstream, marketing and other | 81 | 77 | 4 | |||||||||
Corporate | ||||||||||||
Interest expense, net | (33 | ) | (33 | ) | - | |||||||
Other | (108 | ) | (102 | ) | (6 | ) | ||||||
Taxes | (728 | ) | (549 | ) | (179 | ) | ||||||
Core Results | $ | 1,058 | $ | 929 | $ | 129 | ||||||
Core Results Per Common Share | ||||||||||||
Basic | $ | 1.30 | $ | 1.14 | $ | 0.16 | ||||||
Diluted | $ | 1.30 | $ | 1.14 | $ | 0.16 | ||||||
Worldwide Effective Tax Rate | 41% | 37% | -4% |
8
Investor Relations Supplemental Schedules
9
Investor Relations Supplemental Schedules
OCCIDENTAL PETROLEUM | ||||||||||||
2009 Fourth Quarter Net Income (Loss) | ||||||||||||
Reported Income Comparison | ||||||||||||
Fourth | Fourth | |||||||||||
Quarter | Quarter | |||||||||||
2009 | 2008 | B / (W) | ||||||||||
Oil & Gas | $ | 1,643 | $ | 339 | $ | 1,304 | ||||||
Chemical | 33 | 127 | (94 | ) | ||||||||
Midstream, marketing and other | 81 | 170 | (89 | ) | ||||||||
Corporate | ||||||||||||
Interest expense, net | (33 | ) | (16 | ) | (17 | ) | ||||||
Other | (108 | ) | (54 | ) | (54 | ) | ||||||
Taxes | (673 | ) | (118 | ) | (555 | ) | ||||||
Income from continuing operations | 943 | 448 | 495 | |||||||||
Discontinued operations, net | (5 | ) | (5 | ) | - | |||||||
Net Income | $ | 938 | $ | 443 | $ | 495 | ||||||
Earnings Per Common Share | ||||||||||||
Basic | $ | 1.15 | $ | 0.55 | $ | 0.60 | ||||||
Diluted | $ | 1.15 | $ | 0.55 | $ | 0.60 | ||||||
Worldwide Effective Tax Rate | 42% | 21% | -20% | |||||||||
OCCIDENTAL PETROLEUM | ||||||||||||
2009 Fourth Quarter Net Income (Loss) | ||||||||||||
Core Results Comparison | ||||||||||||
Fourth | Fourth | |||||||||||
Quarter | Quarter | |||||||||||
2009 | 2008 | B / (W) | ||||||||||
Oil & Gas | $ | 1,813 | $ | 996 | $ | 817 | ||||||
Chemical | 33 | 217 | (184 | ) | ||||||||
Midstream, marketing and other | 81 | 170 | (89 | ) | ||||||||
Corporate | ||||||||||||
Interest expense, net | (33 | ) | (16 | ) | (17 | ) | ||||||
Other | (108 | ) | (54 | ) | (54 | ) | ||||||
Taxes | (728 | ) | (356 | ) | (372 | ) | ||||||
Core Results | $ | 1,058 | $ | 957 | $ | 101 | ||||||
Core Results Per Common Share | ||||||||||||
Basic | $ | 1.30 | $ | 1.18 | $ | 0.12 | ||||||
Diluted | $ | 1.30 | $ | 1.18 | $ | 0.12 | ||||||
Worldwide Effective Tax Rate | 41% | 27% | -14% |
10
Investor Relations Supplemental Schedules
11
Investor Relations Supplemental Schedules
OCCIDENTAL PETROLEUM | ||||||||
SUMMARY OF OPERATING STATISTICS | ||||||||
Fourth Quarter | Twelve Months | |||||||
2009 | 2008 | 2009 | 2008 | |||||
NET SALES VOLUMES PER DAY: | ||||||||
United States | ||||||||
Crude Oil and Liquids (MBBL) | ||||||||
California | 92 | 97 | 93 | 89 | ||||
Permian | 168 | 167 | 168 | 168 | ||||
Midcontinent Gas | 11 | 9 | 10 | 6 | ||||
Total | 271 | 273 | 271 | 263 | ||||
Natural Gas (MMCF) | ||||||||
California | 282 | 221 | 250 | 235 | ||||
Permian | 197 | 188 | 199 | 181 | ||||
Midcontinent Gas | 166 | 187 | 186 | 171 | ||||
Total | 645 | 596 | 635 | 587 | ||||
Latin America | ||||||||
Crude Oil (MBBL) | ||||||||
Argentina | 37 | 32 | 37 | 32 | ||||
Colombia | 36 | 39 | 39 | 37 | ||||
Total | 73 | 71 | 76 | 69 | ||||
Natural Gas (MMCF) | ||||||||
Argentina | 30 | 24 | 30 | 21 | ||||
Bolivia | 12 | 21 | 16 | 21 | ||||
Total | 42 | 45 | 46 | 42 | ||||
Middle East / North Africa | ||||||||
Crude Oil and Liquids (MBBL) | ||||||||
Oman | 43 | 27 | 39 | 23 | ||||
Dolphin | 20 | 23 | 21 | 21 | ||||
Qatar | 48 | 48 | 48 | 47 | ||||
Yemen | 28 | 22 | 29 | 23 | ||||
Libya | 9 | 10 | 7 | 15 | ||||
Bahrain | 1 | - | - | - | ||||
Total | 149 | 130 | 144 | 129 | ||||
Natural Gas (MMCF) | ||||||||
Oman | 19 | 23 | 22 | 24 | ||||
Dolphin | 198 | 209 | 213 | 184 | ||||
Bahrain | 40 | - | 10 | - | ||||
Total | 257 | 232 | 245 | 208 | ||||
Barrels of Oil Equivalent (MBOE) | 650 | 620 | 645 | 601 |
12
Investor Relations Supplemental Schedules
OCCIDENTAL PETROLEUM | ||||||||
SUMMARY OF OPERATING STATISTICS | ||||||||
Fourth Quarter | Twelve Months | |||||||
2009 | 2008 | 2009 | 2008 | |||||
NET PRODUCTION PER DAY: | ||||||||
United States | ||||||||
Crude Oil and Liquids (MBBL) | 271 | 273 | 271 | 263 | ||||
Natural Gas (MMCF) | 645 | 596 | 635 | 587 | ||||
Latin America | ||||||||
Crude Oil (MBBL) | ||||||||
Argentina | 36 | 38 | 36 | 34 | ||||
Colombia | 36 | 39 | 39 | 38 | ||||
Total | 72 | 77 | 75 | 72 | ||||
Natural Gas (MMCF) | 42 | 45 | 46 | 42 | ||||
Middle East / North Africa | ||||||||
Crude Oil and Liquids (MBBL) | ||||||||
Oman | 45 | 28 | 39 | 23 | ||||
Dolphin | 20 | 22 | 22 | 20 | ||||
Qatar | 46 | 48 | 48 | 47 | ||||
Yemen | 27 | 22 | 28 | 23 | ||||
Libya | 5 | 8 | 6 | 15 | ||||
Bahrain | 1 | - | - | - | ||||
Total | 144 | 128 | 143 | 128 | ||||
Natural Gas (MMCF) | 257 | 232 | 245 | 208 | ||||
Barrels of Oil Equivalent (MBOE) | 644 | 623 | 643 | 603 |
13
Investor Relations Supplemental Schedules
OCCIDENTAL PETROLEUM | ||||||||||||||||
SUMMARY OF OPERATING STATISTICS | ||||||||||||||||
Fourth Quarter | Twelve Months | |||||||||||||||
2009 | 2008 | 2009 | 2008 | |||||||||||||
OIL & GAS: | ||||||||||||||||
PRICES | ||||||||||||||||
United States | ||||||||||||||||
Crude Oil ($/BBL) | 70.90 | 52.64 | 56.74 | 91.16 | ||||||||||||
Natural gas ($/MCF) | 4.37 | 4.67 | 3.46 | 8.03 | ||||||||||||
Latin America | ||||||||||||||||
Crude Oil ($/BBL) | 58.65 | 47.48 | 49.43 | 70.53 | ||||||||||||
Natural Gas ($/MCF) | 2.93 | 4.99 | 3.01 | 4.43 | ||||||||||||
Middle East / North Africa | ||||||||||||||||
Crude Oil ($/BBL) | 73.11 | 59.09 | 58.75 | 94.70 | ||||||||||||
Total Worldwide | ||||||||||||||||
Crude Oil ($/BBL) | 69.39 | 53.52 | 55.97 | 88.26 | ||||||||||||
Natural Gas ($/MCF) | 3.37 | 3.72 | 2.79 | 6.10 | ||||||||||||
Fourth Quarter | Twelve Months | |||||||||||||||
2009 | 2008 | 2009 | 2008 | |||||||||||||
Exploration Expense | ||||||||||||||||
United States | $ | 53 | $ | 53 | $ | 160 | $ | 95 | ||||||||
Latin America | 13 | 18 | 27 | 53 | ||||||||||||
Middle East / North Africa | 33 | 142 | 80 | 259 | ||||||||||||
Other Eastern Hemisphere | - | 2 | - | 1 | ||||||||||||
TOTAL REPORTED | $ | 99 | $ | 215 | $ | 267 | $ | 408 | ||||||||
Less - non-core impairments | - | (81 | ) | - | (81 | ) | ||||||||||
TOTAL CORE | $ | 99 | $ | 134 | $ | 267 | $ | 327 |
14
Investor Relations Supplemental Schedules
OCCIDENTAL PETROLEUM | ||||||||||||
SUMMARY OF OPERATING STATISTICS | ||||||||||||
Fourth Quarter | Twelve Months | |||||||||||
Capital Expenditures ($MM) | 2009 | 2008 | 2009 | 2008 | ||||||||
Oil & Gas | ||||||||||||
California | $ | 152 | $ | 244 | $ | 554 | $ | 802 | ||||
Permian | 85 | 207 | 413 | 485 | ||||||||
Midcontinent Gas | 41 | 149 | 118 | 389 | ||||||||
Latin America | 125 | 301 | 526 | 848 | ||||||||
Middle East / North Africa | 253 | 323 | 1,021 | 1,058 | ||||||||
Exploration | 57 | 107 | 152 | 263 | ||||||||
Chemicals | 91 | 86 | 205 | 240 | ||||||||
Midstream, marketing and other | 124 | 160 | 554 | 492 | ||||||||
Corporate | 4 | 17 | 38 | 87 | ||||||||
TOTAL | $ | 932 | $ | 1,594 | $ | 3,581 | $ | 4,664 | ||||
Depreciation, Depletion & | Fourth Quarter | Twelve Months | ||||||||||
Amortization of Assets ($MM) | 2009 | 2008 | 2009 | 2008 | ||||||||
Oil & Gas | ||||||||||||
Domestic | $ | 305 | $ | 334 | $ | 1,237 | $ | 1,094 | ||||
Latin America | 165 | 140 | 628 | 453 | ||||||||
Middle East / North Africa | 237 | 181 | 823 | 760 | ||||||||
Chemicals | 76 | 72 | 298 | 311 | ||||||||
Midstream, marketing and other | 31 | 21 | 110 | 73 | ||||||||
Corporate | 6 | 5 | 21 | 19 | ||||||||
TOTAL | $ | 820 | $ | 753 | $ | 3,117 | $ | 2,710 |
15
Investor Relations Supplemental Schedules
OCCIDENTAL PETROLEUM | ||||||||||
CORPORATE | ||||||||||
($ millions) | ||||||||||
31-Dec-09 | 31-Dec-08 | |||||||||
CAPITALIZATION | ||||||||||
Long-Term Debt (including current maturities) | $ | 2,796 | $ | 2,740 | ||||||
Notes Payable | - | 7 | ||||||||
Others | 25 | 25 | ||||||||
Total Debt | $ | 2,821 | $ | 2,772 | ||||||
EQUITY | $ | 29,159 | $ | 27,325 | ||||||
Total Debt To Total Capitalization | 9% | 9% |
16
Investor Relations Supplemental Schedules
OCCIDENTAL PETROLEUM | ||||||||||
SUMMARY OF OPERATING STATISTICS | ||||||||||
2005 | 2006 | 2007 | 2008 | 2009 | ||||||
SALES VOLUMES PER DAY: | ||||||||||
United States | ||||||||||
Crude Oil and Liquids (MBBL) | ||||||||||
California | 76 | 86 | 89 | 89 | 93 | |||||
Permian | 158 | 161 | 163 | 164 | 164 | |||||
Midcontinent Gas | 6 | 9 | 8 | 10 | 14 | |||||
Total | 240 | 256 | 260 | 263 | 271 | |||||
Natural Gas (MMCF) | ||||||||||
California | 242 | 256 | 254 | 235 | 250 | |||||
Permian | 111 | 117 | 112 | 116 | 125 | |||||
Midcontinent Gas | 192 | 215 | 227 | 236 | 260 | |||||
Total | 545 | 588 | 593 | 587 | 635 | |||||
Latin America | ||||||||||
Crude Oil (MBBL) | ||||||||||
Argentina | - | 33 | 32 | 32 | 37 | |||||
Colombia | 32 | 33 | 37 | 37 | 39 | |||||
Total | 32 | 66 | 69 | 69 | 76 | |||||
Natural Gas (MMCF) | ||||||||||
Argentina | - | 17 | 22 | 21 | 30 | |||||
Bolivia | - | 17 | 18 | 21 | 16 | |||||
Total | - | 34 | 40 | 42 | 46 | |||||
Middle East / North Africa | ||||||||||
Crude Oil and Liquids (MBBL) | ||||||||||
Oman | 27 | 28 | 31 | 34 | 50 | |||||
Dolphin | - | - | 5 | 26 | 25 | |||||
Qatar | 71 | 73 | 81 | 80 | 79 | |||||
Yemen | 39 | 40 | 37 | 32 | 35 | |||||
Libya | 8 | 23 | 22 | 19 | 12 | |||||
Bahrain | - | - | - | - | - | |||||
Total | 145 | 164 | 176 | 191 | 201 | |||||
Natural Gas (MMCF) | ||||||||||
Oman | 70 | 67 | 67 | 53 | 49 | |||||
Dolphin | - | - | 67 | 231 | 257 | |||||
Bahrain | - | - | - | - | 10 | |||||
Total | 70 | 67 | 134 | 284 | 316 | |||||
Barrels of Oil Equivalent (MBOE) | 519 | 601 | 633 | 675 | 714 | |||||
*This schedule reflects what production volumes would have been for the past 5 years if all production had been | ||||||||||
represented on a pre-tax basis and Permian gas properties as part of Midcontinent Gas |
17
Investor Relations Supplemental Schedules
OCCIDENTAL PETROLEUM | ||||||||||
SUMMARY OF OPERATING STATISTICS | ||||||||||
2009 | ||||||||||
Qtr 1 | Qtr 2 | Qtr 3 | Qtr 4 | Total | ||||||
SALES VOLUMES PER DAY: | ||||||||||
United States | ||||||||||
Crude Oil and Liquids (MBBL) | ||||||||||
California | 97 | 90 | 92 | 92 | 93 | |||||
Permian | 166 | 163 | 162 | 164 | 164 | |||||
Midcontinent Gas | 13 | 14 | 15 | 15 | 14 | |||||
Total | 276 | 267 | 269 | 271 | 271 | |||||
Natural Gas (MMCF) | ||||||||||
California | 216 | 232 | 269 | 282 | 250 | |||||
Permian | 124 | 124 | 133 | 122 | 125 | |||||
Midcontinent Gas | 280 | 265 | 251 | 241 | 260 | |||||
Total | 620 | 621 | 653 | 645 | 635 | |||||
Latin America | ||||||||||
Crude Oil (MBBL) | ||||||||||
Argentina | 45 | 37 | 30 | 37 | 37 | |||||
Colombia | 41 | 42 | 39 | 36 | 39 | |||||
Total | 86 | 79 | 69 | 73 | 76 | |||||
Natural Gas (MMCF) | ||||||||||
Argentina | 33 | 30 | 27 | 30 | 30 | |||||
Bolivia | 15 | 19 | 18 | 12 | 16 | |||||
Total | 48 | 49 | 45 | 42 | 46 | |||||
Middle East/North Africa | ||||||||||
Crude Oil and Liquids (MBBL) | ||||||||||
Oman | 46 | 49 | 50 | 54 | 50 | |||||
Dolphin | 23 | 29 | 26 | 26 | 25 | |||||
Qatar | 75 | 82 | 77 | 80 | 79 | |||||
Yemen | 42 | 32 | 34 | 32 | 35 | |||||
Libya | 6 | 14 | 9 | 15 | 12 | |||||
Bahrain | - | - | - | 1 | - | |||||
Total | 192 | 206 | 196 | 208 | 201 | |||||
Natural Gas (MMCF) | ||||||||||
Oman | 53 | 50 | 48 | 42 | 49 | |||||
Dolphin | 233 | 282 | 258 | 256 | 257 | |||||
Bahrain | - | - | - | 40 | 10 | |||||
Total | 286 | 332 | 306 | 338 | 316 | |||||
Barrels of Oil Equivalent (MBOE) | 713 | 719 | 702 | 722 | 714 | |||||
*This schedule reflects what production volumes would have been for the 4 quarters of 2009 if all production had been | ||||||||||
represented on a pre-tax basis and Permian gas properties as part of Midcontinent Gas |
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