Occidental Petroleum Corporatio (OXY) 8-K Occidental Petroleum Announces Second Quarter and Six Months of 2011 Income

EXHIBIT 99.3

Investor Relations Supplemental Schedules

Investor Relations Supplemental Schedules
Summary
($ Millions)
	2Q 2011		2Q 2010
Core Results		$1,819		$1,077
EPS - Diluted		$2.23		$1.32
Reported Net Income		$1,817		$1,063
EPS - Diluted		$2.23		$1.31
Total Worldwide Sales Volumes (mboe/day)		705		705
Total Worldwide Production Volumes (mboe/day)		715		701
Total Worldwide Crude Oil Realizations ($/BBL)		$103.12		$74.39
Total Worldwide NGL Realizations ($/BBL)		$57.67		$44.08
Domestic Natural Gas Realizations ($/MCF)		$4.27		$4.19
Wtd. Average Basic Shares O/S (mm)		812.5		812.6
Wtd. Average Diluted Shares O/S (mm)		813.3		813.8
	YTD 2011		YTD 2010
Core Results		$3,412		$2,174
EPS - Diluted		$4.19		$2.67
Reported Net Income		$3,366		$2,127
EPS - Diluted		$4.13		$2.61
Total Worldwide Sales Volumes (mboe/day)		717		695
Total Worldwide Production Volumes (mboe/day)		723		701
Total Worldwide Crude Oil Realizations ($/BBL)		$97.38		$74.24
Total Worldwide NGL Realizations ($/BBL)		$55.38		$45.73
Domestic Natural Gas Realizations ($/MCF)		$4.24		$4.90
Wtd. Average Basic Shares O/S (mm)		812.5		812.3
Wtd. Average Diluted Shares O/S (mm)		813.3		813.7
Shares Outstanding (mm)		812.8		812.2
Cash Flow from Operations	$	5,600	$	4,300

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Investor Relations Supplemental Schedules

OCCIDENTAL PETROLEUM
2011 Second Quarter
Net Income (Loss)
($ millions)
	Reported						Core
	Income			Significant Items Affecting Income			Results
Oil & Gas	$	2,624					$	2,624
Chemical		253						253
Midstream, marketing and other		187						187
Corporate
Interest expense, net		(22	)					(22	)
Other		(112	)					(112	)
Taxes		(1,111	)					(1,111	)
Income from continuing operations		1,819			-			1,819
Discontinued operations, net of tax		(2	)		2	Discontinued operations, net		-
Net Income	$	1,817		$	2		$	1,819
Basic Earnings Per Common Share
Income from continuing operations	$	2.23
Discontinued operations, net		-
Net Income	$	2.23					$	2.23
Diluted Earnings Per Common Share
Income from continuing operations	$	2.23
Discontinued operations, net		-
Net Income	$	2.23					$	2.23

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Investor Relations Supplemental Schedules

OCCIDENTAL PETROLEUM
2010 Second Quarter
Net Income (Loss)
($ millions)
	Reported						Core
	Income			Significant Items Affecting Income			Results
Oil & Gas	$	1,867					$	1,867
Chemical		108						108
Midstream, marketing and other		13						13
Corporate
Interest expense, net		(20	)					(20	)
Other		(82	)					(82	)
Taxes		(809	)					(809	)
Income from continuing operations		1,077			-			1,077
Discontinued operations, net of tax		(14	)		14	Discontinued operations, net		-
Net Income	$	1,063		$	14		$	1,077
Basic Earnings Per Common Share
Income from continuing operations	$	1.32
Discontinued operations, net		(0.01	)
Net Income	$	1.31					$	1.32
Diluted Earnings Per Common Share
Income from continuing operations	$	1.32
Discontinued operations, net		(0.01	)
Net Income	$	1.31					$	1.32

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Investor Relations Supplemental Schedules

OCCIDENTAL PETROLEUM
2011 Six Months
Net Income (Loss)
($ millions)
	Reported							Core
	Income			Significant Items Affecting Income				Results
Oil & Gas	$	5,092		$	35		Libya exploration write-off	$	5,134
					(22	)	Gain on sale of Colombia pipeline interest
					29		Foreign tax
Chemical		472							472
Midstream, marketing and other		301							301
Corporate
Interest expense, net		(236	)		163		Premium on debt extinguishments		(73	)
Other		(240	)						(240	)
Taxes		(2,165	)		(50	)	Tax effect of adjustments		(2,182	)
					33		State income tax charge
Income from continuing operations		3,224			188				3,412
Discontinued operations, net of tax		142			(142	)	Discontinued operations, net		-
Net Income	$	3,366		$	46			$	3,412
Basic Earnings Per Common Share
Income from continuing operations	$	3.96
Discontinued operations, net		0.18
Net Income	$	4.14						$	4.19
Diluted Earnings Per Common Share
Income from continuing operations	$	3.96
Discontinued operations, net		0.17
Net Income	$	4.13						$	4.19

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Investor Relations Supplemental Schedules

OCCIDENTAL PETROLEUM
2010 Six Months
Net Income (Loss)
($ millions)
	Reported						Core
	Income			Significant Items Affecting Income			Results
Oil & Gas	$	3,728					$	3,728
Chemical		138						138
Midstream, marketing and other		107						107
Corporate
Interest expense, net		(55	)					(55	)
Other		(189	)					(189	)
Taxes		(1,555	)					(1,555	)
Income from continuing operations		2,174			-			2,174
Discontinued operations, net of tax		(47	)		47	Discontinued operations, net		-
Net Income	$	2,127		$	47		$	2,174
Basic Earnings Per Common Share
Income from continuing operations	$	2.67
Discontinued operations, net		(0.06	)
Net Income	$	2.61					$	2.67
Diluted Earnings Per Common Share
Income from continuing operations	$	2.67
Discontinued operations, net		(0.06	)
Net Income	$	2.61					$	2.67

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Investor Relations Supplemental Schedules

OCCIDENTAL PETROLEUM
Worldwide Effective Tax Rate
	QUARTERLY						YEAR-TO-DATE
	2011		2011		2010		2011		2010
REPORTED INCOME	QTR 2		QTR 1		QTR 2		6 Months		6 Months
Oil & Gas	2,624		2,468		1,867		5,092		3,728
Chemicals	253		219		108		472		138
Midstream, marketing and other	187		114		13		301		107
Corporate & other	(134	)	(342	)	(102	)	(476	)	(244	)
Pre-tax income	2,930		2,459		1,886		5,389		3,729
Income tax expense
Federal and state	557		369		329		927		636
Foreign	554		685		480		1,238		919
Total	1,111		1,054		809		2,165		1,555
Income from continuing operations	1,819		1,405		1,077		3,224		2,174
Worldwide effective tax rate	38%		43%		43%		40%		42%
	2011		2011		2010		2011		2010
CORE RESULTS	QTR 2		QTR 1		QTR 2		6 Months		6 Months
Oil & Gas	2,624		2,510		1,867		5,134		3,728
Chemicals	253		219		108		472		138
Midstream, marketing and other	187		114		13		301		107
Corporate & other	(134	)	(179	)	(102	)	(313	)	(244	)
Pre-tax income	2,930		2,664		1,886		5,594		3,729
Income tax expense
Federal and state	557		399		329		957		636
Foreign	554		672		480		1,225		919
Total	1,111		1,071		809		2,182		1,555
Core results	1,819		1,593		1,077		3,412		2,174
Worldwide effective tax rate	38%		40%		43%		39%		42%

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Investor Relations Supplemental Schedules

OCCIDENTAL PETROLEUM
2011 Second Quarter Net Income (Loss)
Reported Income Comparison
	Second			First
	Quarter			Quarter
	2011			2011			B / (W)
Oil & Gas	$	2,624		$	2,468		$	156
Chemical		253			219			34
Midstream, marketing and other		187			114			73
Corporate
Interest expense, net		(22	)		(214	)		192
Other		(112	)		(128	)		16
Taxes		(1,111	)		(1,054	)		(57	)
Income from continuing operations		1,819			1,405			414
Discontinued operations, net		(2	)		144			(146	)
Net Income	$	1,817		$	1,549		$	268
Earnings Per Common Share
Basic	$	2.23		$	1.90		$	0.33
Diluted	$	2.23		$	1.90		$	0.33
Worldwide Effective Tax Rate		38%			43%			5%
OCCIDENTAL PETROLEUM
2011 Second Quarter Net Income (Loss)
Core Results Comparison
	Second			First
	Quarter			Quarter
	2011			2011			B / (W)
Oil & Gas	$	2,624		$	2,510		$	114
Chemical		253			219			34
Midstream, marketing and other		187			114			73
Corporate
Interest expense, net		(22	)		(51	)		29
Other		(112	)		(128	)		16
Taxes		(1,111	)		(1,071	)		(40	)
Core Results	$	1,819		$	1,593		$	226
Core Results Per Common Share
Basic	$	2.23		$	1.96		$	0.27
Diluted	$	2.23		$	1.96		$	0.27
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
2011 Second Quarter Net Income (Loss)
Reported Income Comparison
	Second			Second
	Quarter			Quarter
	2011			2010			B / (W)
Oil & Gas	$	2,624		$	1,867		$	757
Chemical		253			108			145
Midstream, marketing and other		187			13			174
Corporate
Interest expense, net		(22	)		(20	)		(2	)
Other		(112	)		(82	)		(30	)
Taxes		(1,111	)		(809	)		(302	)
Income from continuing operations		1,819			1,077			742
Discontinued operations, net		(2	)		(14	)		12
Net Income	$	1,817		$	1,063		$	754
Earnings Per Common Share
Basic	$	2.23		$	1.31		$	0.92
Diluted	$	2.23		$	1.31		$	0.92
Worldwide Effective Tax Rate		38%			43%			5%
OCCIDENTAL PETROLEUM
2011 Second Quarter Net Income (Loss)
Core Results Comparison
	Second			Second
	Quarter			Quarter
	2011			2010			B / (W)
Oil & Gas	$	2,624		$	1,867		$	757
Chemical		253			108			145
Midstream, marketing and other		187			13			174
Corporate
Interest expense, net		(22	)		(20	)		(2	)
Other		(112	)		(82	)		(30	)
Taxes		(1,111	)		(809	)		(302	)
Core Results	$	1,819		$	1,077		$	742
Core Results Per Common Share
Basic	$	2.23		$	1.32		$	0.91
Diluted	$	2.23		$	1.32		$	0.91
Worldwide Effective Tax Rate		38%			43%			5%

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Investor Relations Supplemental Schedules

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Investor Relations Supplemental Schedules

OCCIDENTAL PETROLEUM
SUMMARY OF OPERATING STATISTICS
		Second Quarter		Six Months
		2011	2010	2011	2010
NET PRODUCTION PER DAY:
United States
Crude Oil (MBBL)
	California	78	75	77	76
	Permian	132	135	132	136
	Midcontinent and other	16	7	15	7
	Total	226	217	224	219
NGL (MBBL)
	California	15	17	15	17
	Permian	40	28	38	27
	Midcontinent and other	16	7	12	6
	Total	71	52	65	50
Natural Gas (MMCF)
	California	252	293	247	294
	Permian	143	196	154	197
	Midcontinent and other	366	192	347	187
	Total	761	681	748	678
Latin America
Crude Oil (MBBL)	Colombia	30	32	31	33
Natural Gas (MMCF)	Bolivia	16	15	16	13
Middle East / North Africa
Crude Oil (MBBL)
	Bahrain	3	3	3	3
	Dolphin	10	11	10	12
	Iraq	5	-	7	-
	Libya	-	14	8	14
	Oman	68	60	67	58
	Qatar	68	78	72	76
	Yemen	23	31	28	33
	Total	177	197	195	196
NGL (MBBL)
	Dolphin	11	12	10	12
	Libya	-	1	-	1
	Total	11	13	10	13
Natural Gas (MMCF)
	Bahrain	172	161	172	163
	Dolphin	203	235	199	232
	Oman	49	48	50	50
	Total	424	444	421	445
Barrels of Oil Equivalent (MBOE)		715	701	723	701

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Investor Relations Supplemental Schedules

OCCIDENTAL PETROLEUM
SUMMARY OF OPERATING STATISTICS
		Second Quarter		Six Months
		2011	2010	2011	2010
NET SALES VOLUMES PER DAY:
United States
Crude Oil (MBBL)		226	217	224	219
NGL (MBBL)		71	52	65	50
Natural Gas (MMCF)		761	681	748	678
Latin America
Crude Oil (MBBL)		30	27	31	30
Natural Gas (MMCF)		16	15	16	13
Middle East / North Africa
Crude Oil (MBBL)
	Bahrain	3	3	3	3
	Dolphin	10	11	10	11
	Libya	-	22	8	13
	Oman	66	58	69	57
	Qatar	65	78	71	76
	Yemen	23	32	28	33
	Total	167	204	189	193
NGL (MBBL)	Dolphin	11	12	10	12
	Libya	-	3	-	1
	Total	11	15	10	13
Natural Gas (MMCF)		424	444	421	445
Barrels of Oil Equivalent (MBOE)		705	705	717	695

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Investor Relations Supplemental Schedules

OCCIDENTAL PETROLEUM
SUMMARY OF OPERATING STATISTICS
	Second Quarter				Six Months
	2011		2010		2011			2010
OIL & GAS:
PRICES
United States
Crude Oil ($/BBL)		98.74		71.66		93.45			72.38
NGL ($/BBL)		61.30		47.65		58.87			50.00
Natural gas ($/MCF)		4.27		4.19		4.24			4.90
Latin America
Crude Oil ($/BBL)		103.22		72.99		97.75			74.54
Natural Gas ($/MCF)		9.55		8.00		8.88			7.72
Middle East / North Africa
Crude Oil ($/BBL)		109.11		77.50		102.05			76.31
NGL ($/BBL)		33.50		31.89		33.71			29.59
Total Worldwide
Crude Oil ($/BBL)		103.12		74.39		97.38			74.24
NGL ($/BBL)		57.67		44.08		55.38			45.73
Natural Gas ($/MCF)		3.12		2.93		3.08			3.34
	Second Quarter				Six Months
	2011		2010		2011			2010
Exploration Expense
United States	$	59	$	42	$	99		$	72
Latin America		-		1		-			1
Middle East / North Africa		3		26		47			52
TOTAL REPORTED	$	62	$	69	$	146		$	125
Less - non-core impairments		-		-		(35	)		-
TOTAL CORE	$	62	$	69	$	111		$	125

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Investor Relations Supplemental Schedules

OCCIDENTAL PETROLEUM
SUMMARY OF OPERATING STATISTICS
		Second Quarter				Six Months
Capital Expenditures ($MM)		2011		2010		2011		2010
Oil & Gas
California		$	413	$	180	$	721	$	329
Permian			237		81		453		154
Midcontinent and other			234		49		414		86
Latin America			45		37		87		67
Middle East  / North Africa			303		252		655		515
Exploration			111		34		176		84
Chemicals			37		49		59		79
Midstream, marketing and other			243		105		370		229
Corporate			10		5		23		17
	TOTAL	$	1,633	$	792	$	2,958	$	1,560
Depreciation, Depletion &		Second Quarter				Six Months
Amortization of Assets ($MM)		2011		2010		2011		2010
Oil & Gas
Domestic		$	410	$	349	$	817	$	700
Latin America			21		27		49		58
Middle East  / North Africa			274		300		596		559
Chemicals			85		81		167		161
Midstream, marketing and other			44		36		89		73
Corporate			5		5		11		10
	TOTAL	$	839	$	798	$	1,729	$	1,561

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Investor Relations Supplemental Schedules

OCCIDENTAL PETROLEUM
CORPORATE
($ millions)
	30-Jun-11			31-Dec-10
CAPITALIZATION
Long-Term Debt (including short-term borrowings)		$	4,249		$	5,111
EQUITY		$	35,160		$	32,484
Total Debt To Total Capitalization			11%			14%

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Investor Relations Supplemental Schedules

OCCIDENTAL PETROLEUM
OCCIDENTAL OPERATED DOMESTIC RIG COUNTS
	Year-end		2011
	2010	Currently	Exit Rate
California	20	29	29
Permian	13	15	25
Midcontinent and other	5	15	20
	38	59	74

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