Occidental Petroleum (OXY) 8-K Occidental Petroleum Announces Fourth Quarter and 12-Month 2009 Results

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

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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

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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

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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

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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

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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

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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

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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%

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Investor Relations Supplemental Schedules

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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%

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Investor Relations Supplemental Schedules

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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

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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

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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

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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

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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%

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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

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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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