OCCIDENTAL PETROLEUM CORPORATION AND SUBSIDIARIES
COMPUTATION OF TOTAL ENTERPRISE RATIOS OF EARNINGS TO FIXED CHARGES
(Amounts in millions, except ratios)
| For the years ended December 31, | 2009 | 2008 | 2007 | 2006 | 2005 | |||||||||||
| Income from continuing operations | $ | 2,978 | $ | 6,955 | $ | 5,153 | $ | 4,313 | $ | 4,912 | ||||||
| Subtract: | ||||||||||||||||
Net income attributable to noncontrolling interest | (51 | ) | (116 | ) | (75 | ) | (111 | ) | (74 | ) | ||||||
Adjusted income from equity investments (a) | (88 | ) | (84 | ) | (28 | ) | (52 | ) | (53 | ) | ||||||
| 2,839 | 6,755 | 5,050 | 4,150 | 4,785 | ||||||||||||
| Add: | ||||||||||||||||
| Provision for taxes on income (other than | ||||||||||||||||
| foreign oil and gas taxes) | 695 | 2,213 | 1,577 | 1,545 | 632 | |||||||||||
| Interest and debt expense | 140 | 133 | 344 | 297 | 305 | |||||||||||
| Portion of lease rentals representative of the interest factor | 57 | 58 | 60 | 52 | 47 | |||||||||||
| 892 | 2,404 | 1,981 | 1,894 | 984 | ||||||||||||
| Earnings before fixed charges | $ | 3,731 | $ | 9,159 | $ | 7,031 | $ | 6,044 | $ | 5,769 | ||||||
| Fixed charges: | ||||||||||||||||
| Interest and debt expense including capitalized interest | $ | 218 | $ | 201 | $ | 403 | $ | 352 | $ | 331 | ||||||
| Portion of lease rentals representative of the interest factor | 57 | 58 | 60 | 52 | 47 | |||||||||||
| Total fixed charges | $ | 275 | $ | 259 | $ | 463 | $ | 404 | $ | 378 | ||||||
| Ratio of earnings to fixed charges | 13.57 | 35.36 | 15.19 | 14.96 | 15.26 | |||||||||||
| (a) | Represent adjustments to arrive at distributed income of equity investees. |