Occidental Petroleum (OXY) 8-K Occidental Petroleum Announces Fourth Quarter and 12 months of 2010 Results

EXHIBIT 99.3

Investor Relations Supplemental Schedules

Investor Relations Supplemental Schedules
Summary
($ Millions)
	4Q 2010		4Q 2009
Reported Net Income		$1,212		$938
EPS - Diluted		$1.49		$1.15
Core Results		$1,287		$1,102
EPS - Diluted		$1.58		$1.35
Total Worldwide Sales Volumes (mboe/day)		751		722
Total Worldwide Crude Oil Realizations ($/BBL)		$79.96		$71.74
Domestic Natural Gas Realizations ($/MCF)		$4.13		$4.37
Wtd. Average Basic Shares O/S (mm)		812.6		811.8
Wtd. Average Diluted Shares O/S (mm)		813.7		813.5
	YTD 2010		YTD 2009
Reported Net Income		$4,530		$2,915
EPS - Diluted		$5.56		$3.58
Core Results		$4,664		$3,192
EPS - Diluted		$5.72		$3.92
Total Worldwide Sales Volumes (mboe/day)		744		714
Total Worldwide Crude Oil Realizations ($/BBL)		$75.16		$57.31
Domestic Natural Gas Realizations ($/MCF)		$4.53		$3.46
Wtd. Average Basic Shares O/S (mm)		812.5		811.3
Wtd. Average Diluted Shares O/S (mm)		813.8		813.8
Shares Outstanding (mm)		812.8		811.9
Cash Flow from Operations	$	9,300	$	5,800

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Investor Relations Supplemental Schedules

OCCIDENTAL PETROLEUM
2010 Fourth Quarter
Net Income (Loss)
($ millions)
	Reported								Core
	Income			Significant Items Affecting Income				Results
Oil & Gas	$	1,666		$	275		Asset Impairments		$	1,941
Chemical		111								111
Midstream, marketing and other		202								202
Corporate
Interest expense, net		(20	)							(20	)
Other		(149	)							(149	)
Taxes		(618	)		(100	)	Tax effect of adjustments			(798	)
					(80	)	Benefit from foreign tax
							credit carry-forwards
Income from continuing operations		1,192			95					1,287
Discontinued operations, net of tax		20			(20	)	Discontinued operations, net			-
Net Income	$	1,212		$	75				$	1,287
Basic Earnings Per Common Share
Income from continuing operations	$	1.47
Discontinued operations, net		0.02
Net Income	$	1.49							$	1.58
Diluted Earnings Per Common Share
Income from continuing operations	$	1.47
Discontinued operations, net		0.02
Net Income	$	1.49							$	1.58

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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	$	1,869						$	1,869
Chemical		33							33
Midstream, marketing and other		81							81
Corporate
Interest expense, net		(31	)						(31	)
Other		(107	)						(107	)
Taxes		(743	)						(743	)
Income from continuing operations		1,102			-				1,102
Discontinued operations, net of tax		(164	)		164	Discontinued operations, net			-
Net Income	$	938		$	164			$	1,102
Basic Earnings Per Common Share
Income from continuing operations	$	1.35
Discontinued operations, net		(0.20	)
Net Income	$	1.15						$	1.36
Diluted Earnings Per Common Share
Income from continuing operations	$	1.35
Discontinued operations, net		(0.20	)
Net Income	$	1.15						$	1.35

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Investor Relations Supplemental Schedules

OCCIDENTAL PETROLEUM
2010 Twelve Months
Net Income (Loss)
($ millions)
	Reported								Core
	Income			Significant Items Affecting Income				Results
Oil & Gas	$	7,151		$	275		Asset Impairments		$	7,426
Chemical		438								438
Midstream, marketing and other		472								472
Corporate
Interest expense, net		(93	)							(93	)
Other		(404	)							(404	)
Taxes		(2,995	)		(100	)	Tax effect of adjustments			(3,175	)
					(80	)	Benefit from foreign tax
							credit carry-forwards
Income from continuing operations		4,569			95					4,664
Discontinued operations, net of tax		(39	)		39		Discontinued operations, net			-
Net Income	$	4,530		$	134				$	4,664
Basic Earnings Per Common Share
Income from continuing operations	$	5.62
Discontinued operations, net		(0.05	)
Net Income	$	5.57							$	5.73
Diluted Earnings Per Common Share
Income from continuing operations	$	5.61
Discontinued operations, net		(0.05	)
Net Income	$	5.56							$	5.72

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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	$	5,097		$	8		Rig contract terminations		$	5,105
Chemical		389								389
Midstream, marketing and other		235								235
Corporate
Interest expense, net		(102	)							(102	)
Other		(405	)		40		Severance			(350	)
					15		Railcar leases
Taxes		(2,063	)		(22	)	Tax effect of adjustments			(2,085	)
Income from continuing operations		3,151			41					3,192
Discontinued operations, net of tax		(236	)		236		Discontinued operations, net			-
Net Income	$	2,915		$	277				$	3,192
Basic Earnings Per Common Share
Income from continuing operations	$	3.88
Discontinued operations, net		(0.29	)
Net Income	$	3.59							$	3.93
Diluted Earnings Per Common Share
Income from continuing operations	$	3.87
Discontinued operations, net		(0.29	)
Net Income	$	3.58							$	3.92

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Investor Relations Supplemental Schedules

OCCIDENTAL PETROLEUM
Worldwide Effective Tax Rate
	QUARTERLY						YEAR-TO-DATE
	2010		2010		2009		2010		2009
REPORTED INCOME	QTR 4		QTR 3		QTR 4		12 Months		12 Months
Oil & Gas	1,666		1,757		1,869		7,151		5,097
Chemicals	111		189		33		438		389
Midstream, marketing and other	202		163		81		472		235
Corporate & other	(169	)	(84	)	(138	)	(497	)	(507	)
Pre-tax income	1,810		2,025		1,845		7,564		5,214
Income tax expense
Federal and state	129		322		338		1,087		684
Foreign	489		500		405		1,908		1,379
Total	618		822		743		2,995		2,063
Income from continuing operations	1,192		1,203		1,102		4,569		3,151
Worldwide effective tax rate	34%		41%		40%		40%		40%
	2010		2010		2009		2010		2009
CORE RESULTS	QTR 4		QTR 3		QTR 4		12 Months		12 Months
Oil & Gas	1,941		1,757		1,869		7,426		5,105
Chemicals	111		189		33		438		389
Midstream, marketing and other	202		163		81		472		235
Corporate & other	(169	)	(84	)	(138	)	(497	)	(452	)
Pre-tax income	2,085		2,025		1,845		7,839		5,277
Income tax expense
Federal and state	309		322		338		1,267		706
Foreign	489		500		405		1,908		1,379
Total	798		822		743		3,175		2,085
Core results	1,287		1,203		1,102		4,664		3,192
Worldwide effective tax rate	38%		41%		40%		41%		40%

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Investor Relations Supplemental Schedules

OCCIDENTAL PETROLEUM
2010 Fourth Quarter Net Income (Loss)
Reported Income Comparison
	Fourth			Third
	Quarter			Quarter
	2010			2010			B / (W)
Oil & Gas	$	1,666		$	1,757		$	(91	)
Chemical		111			189			(78	)
Midstream, marketing and other		202			163			39
Corporate
Interest expense, net		(20	)		(18	)		(2	)
Other		(149	)		(66	)		(83	)
Taxes		(618	)		(822	)		204
Income from continuing operations		1,192			1,203			(11	)
Discontinued operations, net		20			(12	)		32
Net Income	$	1,212		$	1,191		$	21
Earnings Per Common Share
Basic	$	1.49		$	1.46		$	0.03
Diluted	$	1.49		$	1.46		$	0.03
Worldwide Effective Tax Rate		34%			41%			7%
OCCIDENTAL PETROLEUM
2010 Fourth Quarter Net Income (Loss)
Core Results Comparison
	Fourth			Third
	Quarter			Quarter
	2010			2010			B / (W)
Oil & Gas	$	1,941		$	1,757		$	184
Chemical		111			189			(78	)
Midstream, marketing and other		202			163			39
Corporate
Interest expense, net		(20	)		(18	)		(2	)
Other		(149	)		(66	)		(83	)
Taxes		(798	)		(822	)		24
Core Results	$	1,287		$	1,203		$	84
Core Results Per Common Share
Basic	$	1.58		$	1.48		$	0.10
Diluted	$	1.58		$	1.48		$	0.10
Worldwide Effective Tax Rate		38%			41%			3%

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Investor Relations Supplemental Schedules

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Investor Relations Supplemental Schedules

OCCIDENTAL PETROLEUM
2010 Fourth Quarter Net Income (Loss)
Reported Income Comparison
	Fourth			Fourth
	Quarter			Quarter
	2010			2009			B / (W)
Oil & Gas	$	1,666		$	1,869		$	(203	)
Chemical		111			33			78
Midstream, marketing and other		202			81			121
Corporate
Interest expense, net		(20	)		(31	)		11
Other		(149	)		(107	)		(42	)
Taxes		(618	)		(743	)		125
Income from continuing operations		1,192			1,102			90
Discontinued operations, net		20			(164	)		184
Net Income	$	1,212		$	938		$	274
Earnings Per Common Share
Basic	$	1.49		$	1.15		$	0.34
Diluted	$	1.49		$	1.15		$	0.34
Worldwide Effective Tax Rate		34%			40%			6%
OCCIDENTAL PETROLEUM
2010 Fourth Quarter Net Income (Loss)
Core Results Comparison
	Fourth			Fourth
	Quarter			Quarter
	2010			2009			B / (W)
Oil & Gas	$	1,941		$	1,869		$	72
Chemical		111			33			78
Midstream, marketing and other		202			81			121
Corporate
Interest expense, net		(20	)		(31	)		11
Other		(149	)		(107	)		(42	)
Taxes		(798	)		(743	)		(55	)
Core Results	$	1,287		$	1,102		$	185
Core Results Per Common Share
Basic	$	1.58		$	1.36		$	0.22
Diluted	$	1.58		$	1.35		$	0.23
Worldwide Effective Tax Rate		38%			40%			2%

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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
		2010	2009	2010	2009
NET SALES VOLUMES PER DAY:
United States
Crude Oil and Liquids (MBBL)
	California	90	92	92	93
	Permian	163	164	161	164
	Midcontinent Gas	19	15	18	14
	Total	272	271	271	271
Natural Gas (MMCF)
	California	259	282	280	250
	Permian	154	122	133	125
	Midcontinent Gas	286	241	264	260
	Total	699	645	677	635
Latin America
Crude Oil (MBBL)	Colombia	31	36	32	39
Natural Gas (MMCF)	Bolivia	18	12	16	16
Middle East / North Africa
Crude Oil and Liquids (MBBL)
	Bahrain	3	1	3	-
	Dolphin	23	26	24	25
	Libya	12	15	13	12
	Oman	63	54	61	50
	Qatar	74	80	76	79
	Yemen	27	32	30	35
	Total	202	208	207	201
Natural Gas (MMCF)
	Bahrain	170	40	169	10
	Dolphin	232	256	236	257
	Oman	47	42	48	49
	Total	449	338	453	316
Continuing operations
Barrels of Oil Equivalent (MBOE)		699	680	701	672
Discontinued operations
Crude Oil (MBBL)		46	37	37	37
Natural Gas (MMCF)		36	30	34	30
Total Sales - MBOE		751	722	744	714

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Investor Relations Supplemental Schedules

OCCIDENTAL PETROLEUM
SUMMARY OF OPERATING STATISTICS
		Fourth Quarter		Twelve Months
		2010	2009	2010	2009
NET PRODUCTION PER DAY:
United States
Crude Oil and Liquids (MBBL)		272	271	271	271
Natural Gas (MMCF)		699	645	677	635
Latin America
Crude Oil (MBBL)	Colombia	30	36	32	39
Natural Gas (MMCF)		18	12	16	16
Middle East / North Africa
Crude Oil and Liquids (MBBL)
	Bahrain	3	1	3	-
	Dolphin	23	26	24	26
	Iraq	11	-	3	-
	Libya	12	11	13	11
	Oman	67	56	62	50
	Qatar	75	78	76	79
	Yemen	27	31	31	34
	Total	218	203	212	200
Natural Gas (MMCF)		449	338	453	316
Continuing operations
Barrels of Oil Equivalent (MBOE)		714	676	706	671
Discontinued operations
Crude Oil (MBBL)		33	36	36	36
Natural Gas (MMCF)		36	30	34	30
Total Worldwide Production - MBOE		753	717	748	712

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Investor Relations Supplemental Schedules

OCCIDENTAL PETROLEUM
SUMMARY OF OPERATING STATISTICS
	Fourth Quarter				Twelve Months
	2010		2009		2010		2009
OIL & GAS:
PRICES
United States
Crude Oil ($/BBL)		79.20		70.90		73.79		56.74
Natural gas ($/MCF)		4.13		4.37		4.53		3.46
Latin America
Crude Oil ($/BBL)		81.05		71.69		75.29		55.89
Natural Gas ($/MCF)		7.76		5.73		7.73		5.70
Middle East / North Africa
Crude Oil ($/BBL)		80.65		73.11		76.67		58.75
					��
Total Worldwide
Crude Oil ($/BBL)		79.96		71.74		75.16		57.31
Natural Gas ($/MCF)		2.91		3.42		3.11		2.83
	Fourth Quarter				Twelve Months
	2010		2009		2010		2009
Exploration Expense
United States	$	27	$	53	$	162	$	160
Latin America		6		12		7		14
Middle East / North Africa		21		33		93		80
TOTAL REPORTED	$	54	$	98	$	262	$	254

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Investor Relations Supplemental Schedules

OCCIDENTAL PETROLEUM
SUMMARY OF OPERATING STATISTICS
		Fourth Quarter				Twelve Months
Capital Expenditures ($MM)		2010		2009		2010		2009
Oil & Gas
California		$	297	$	152	$	841	$	554
Permian			212		85		502		413
Midcontinent Gas			131		41		269		118
Latin America			56		40		163		210
Middle East  / North Africa			344		253		1,199		1,021
Exploration			62		50		192		132
Chemicals			108		91		237		205
Midstream, marketing and other			144		124		501		554
Corporate			6		4		36		38
	TOTAL	$	1,360	$	840	$	3,940	$	3,245
Depreciation, Depletion &		Fourth Quarter				Twelve Months
Amortization of Assets ($MM)		2010		2009		2010		2009
Oil & Gas
Domestic		$	365	$	305	$	1,412	$	1,237
Latin America			31		48		122		198
Middle East  / North Africa			282		237		1,134		823
Chemicals			78		76		321		298
Midstream, marketing and other			38		31		142		110
Corporate			5		6		22		21
	TOTAL	$	799	$	703	$	3,153	$	2,687

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Investor Relations Supplemental Schedules

OCCIDENTAL PETROLEUM
CORPORATE
($ millions)
		31-Dec-10			31-Dec-09
CAPITALIZATION
Long-Term Debt (including current maturities)			$	5,111		$	2,796
Others				-			25
	Total Debt		$	5,111		$	2,821
EQUITY			$	32,484		$	29,159
Total Debt To Total Capitalization				14%			9%

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Investor Relations Supplemental Schedules

Investor Relations Supplemental Schedules
Argentina Summary
($ Millions)
	2008		2009		2010
Net Production (MBOE/Day)	38		41		42
Results pre-tax	(591	)	(369	)	(33	)
Results after-tax	(344	)	(224	)	(18	)
Depreciation, Depletion & Amortization of Assets	314		430		350
Capital Expenditures	538		336		415		*
*Includes $105 million contract extension bonus.

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Investor Relations Supplemental Schedules

Investor Relations Supplemental Schedules
Argentina Summary
($ Millions)
	2010
	1st Q		2nd Q		3rd Q		4th Q	TY
Net Production (MBOE/Day)	42		42		45		39	42
Results pre-tax	(43	)	(17	)	(13	)	40	(33	)
Results after-tax	(26	)	(8	)	(7	)	23	(18	)

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Investor Relations Supplemental Schedules

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