Occidental Petroleum (OXY) 8-K Occidental Petroleum Announces Third Quarter and Nine Months of 2011 Income

EXHIBIT 99.3

Investor Relations Supplemental Schedules

Investor Relations Supplemental Schedules
Summary
($ Millions)
	3Q 2011		3Q 2010
Core Results		$1,775		$1,203
EPS - Diluted		$2.18		$1.48
Reported Net Income		$1,771		$1,191
EPS - Diluted		$2.17		$1.46
Total Worldwide Sales Volumes (mboe/day)		743		713
Total Worldwide Production Volumes (mboe/day)		739		706
Total Worldwide Crude Oil Realizations ($/BBL)		$97.24		$72.31
Total Worldwide NGL Realizations ($/BBL)		$56.06		$39.70
Domestic Natural Gas Realizations ($/MCF)		$4.23		$4.20
Wtd. Average Basic Shares O/S (mm)		812.5		812.7
Wtd. Average Diluted Shares O/S (mm)		813.2		813.9
	YTD 2011		YTD 2010
Core Results		$5,187		$3,377
EPS - Diluted		$6.37		$4.14
Reported Net Income		$5,137		$3,318
EPS - Diluted		$6.31		$4.07
Total Worldwide Sales Volumes (mboe/day)		726		701
Total Worldwide Production Volumes (mboe/day)		728		703
Total Worldwide Crude Oil Realizations ($/BBL)		$97.33		$73.58
Total Worldwide NGL Realizations ($/BBL)		$55.63		$43.66
Domestic Natural Gas Realizations ($/MCF)		$4.24		$4.67
Wtd. Average Basic Shares O/S (mm)		812.6		812.4
Wtd. Average Diluted Shares O/S (mm)		813.3		813.8
Shares Outstanding (mm)		811.8		812.6
Cash Flow from Operations	$	8,600	$	6,700

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Investor Relations Supplemental Schedules

OCCIDENTAL PETROLEUM
2011 Third Quarter
Net Income (Loss)
($ millions)
	Reported						Core
	Income			Significant Items Affecting Income			Results
Oil & Gas	$	2,612					$	2,612
Chemical		245						245
Midstream, marketing and other		77						77
Corporate
Interest expense, net		(23	)					(23	)
Other		(49	)					(49	)
Taxes		(1,087	)					(1,087	)
Income from continuing operations		1,775			-			1,775
Discontinued operations, net of tax		(4	)		4	Discontinued operations, net		-
Net Income	$	1,771		$	4		$	1,775
Basic Earnings Per Common Share
Income from continuing operations	$	2.18
Discontinued operations, net		(0.01	)
Net Income	$	2.17					$	2.18
Diluted Earnings Per Common Share
Income from continuing operations	$	2.18
Discontinued operations, net		(0.01	)
Net Income	$	2.17					$	2.18

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Investor Relations Supplemental Schedules

OCCIDENTAL PETROLEUM
2010 Third Quarter
Net Income (Loss)
($ millions)
	Reported						Core
	Income			Significant Items Affecting Income			Results
Oil & Gas	$	1,757					$	1,757
Chemical		189						189
Midstream, marketing and other		163						163
Corporate
Interest expense, net		(18	)					(18	)
Other		(66	)					(66	)
Taxes		(822	)					(822	)
Income from continuing operations		1,203			-			1,203
Discontinued operations, net of tax		(12	)		12	Discontinued operations, net		-
Net Income	$	1,191		$	12		$	1,203
Basic Earnings Per Common Share
Income from continuing operations	$	1.48
Discontinued operations, net		(0.02	)
Net Income	$	1.46					$	1.48
Diluted Earnings Per Common Share
Income from continuing operations	$	1.48
Discontinued operations, net		(0.02	)
Net Income	$	1.46					$	1.48

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Investor Relations Supplemental Schedules

OCCIDENTAL PETROLEUM
2011 Nine Months
Net Income (Loss)
($ millions)
	Reported							Core
	Income			Significant Items Affecting Income				Results
Oil & Gas	$	7,704		$	35		Libya exploration write-off	$	7,746
					(22	)	Gain on sale of Colombia pipeline interest
					29		Foreign tax
Chemical		717							717
Midstream, marketing and other		378							378
Corporate
Interest expense, net		(259	)		163		Premium on debt extinguishments		(96	)
Other		(289	)						(289	)
Taxes		(3,252	)		(50	)	Tax effect of adjustments		(3,269	)
					33		State income tax charge
Income from continuing operations		4,999			188				5,187
Discontinued operations, net of tax		138			(138	)	Discontinued operations, net		-
Net Income	$	5,137		$	50			$	5,187
Basic Earnings Per Common Share
Income from continuing operations	$	6.14
Discontinued operations, net		0.17
Net Income	$	6.31						$	6.37
Diluted Earnings Per Common Share
Income from continuing operations	$	6.14
Discontinued operations, net		0.17
Net Income	$	6.31						$	6.37

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Investor Relations Supplemental Schedules

OCCIDENTAL PETROLEUM
2010 Nine Months
Net Income (Loss)
($ millions)
	Reported						Core
	Income			Significant Items Affecting Income			Results
Oil & Gas	$	5,485					$	5,485
Chemical		327						327
Midstream, marketing and other		270						270
Corporate
Interest expense, net		(73	)					(73	)
Other		(255	)					(255	)
Taxes		(2,377	)					(2,377	)
Income from continuing operations		3,377			-			3,377
Discontinued operations, net of tax		(59	)		59	Discontinued operations, net		-
Net Income	$	3,318		$	59		$	3,377
Basic Earnings Per Common Share
Income from continuing operations	$	4.15
Discontinued operations, net		(0.07	)
Net Income	$	4.08					$	4.15
Diluted Earnings Per Common Share
Income from continuing operations	$	4.14
Discontinued operations, net		(0.07	)
Net Income	$	4.07					$	4.14

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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 3		QTR 2		QTR 3		9 Months		9 Months
Oil & Gas	2,612		2,624		1,757		7,704		5,485
Chemicals	245		253		189		717		327
Midstream, marketing and other	77		187		163		378		270
Corporate & other	(72	)	(134	)	(84	)	(548	)	(328	)
Pre-tax income	2,862		2,930		2,025		8,251		5,754
Income tax expense
Federal and state	433		557		322		1,360		958
Foreign	654		554		500		1,892		1,419
Total	1,087		1,111		822		3,252		2,377
Income from continuing operations	1,775		1,819		1,203		4,999		3,377
Worldwide effective tax rate	38%		38%		41%		39%		41%
	2011		2011		2010		2011		2010
CORE RESULTS	QTR 3		QTR 2		QTR 3		9 Months		9 Months
Oil & Gas	2,612		2,624		1,757		7,746		5,485
Chemicals	245		253		189		717		327
Midstream, marketing and other	77		187		163		378		270
Corporate & other	(72	)	(134	)	(84	)	(385	)	(328	)
Pre-tax income	2,862		2,930		2,025		8,456		5,754
Income tax expense
Federal and state	433		557		322		1,390		958
Foreign	654		554		500		1,879		1,419
Total	1,087		1,111		822		3,269		2,377
Core results	1,775		1,819		1,203		5,187		3,377
Worldwide effective tax rate	38%		38%		41%		39%		41%

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Investor Relations Supplemental Schedules

OCCIDENTAL PETROLEUM
2011 Third Quarter Net Income (Loss)
Reported Income Comparison
	Third			Second
	Quarter			Quarter
	2011			2011			B / (W)
Oil & Gas	$	2,612		$	2,624		$	(12	)
Chemical		245			253			(8	)
Midstream, marketing and other		77			187			(110	)
Corporate
Interest expense, net		(23	)		(22	)		(1	)
Other		(49	)		(112	)		63
Taxes		(1,087	)		(1,111	)		24
Income from continuing operations		1,775			1,819			(44	)
Discontinued operations, net		(4	)		(2	)		(2	)
Net Income	$	1,771		$	1,817		$	(46	)
Earnings Per Common Share
Basic	$	2.17		$	2.23		$	(0.06	)
Diluted	$	2.17		$	2.23		$	(0.06	)
Worldwide Effective Tax Rate		38%			38%			0%
OCCIDENTAL PETROLEUM
2011 Third Quarter Net Income (Loss)
Core Results Comparison
	Third			Second
	Quarter			Quarter
	2011			2011			B / (W)
Oil & Gas	$	2,612		$	2,624		$	(12	)
Chemical		245			253			(8	)
Midstream, marketing and other		77			187			(110	)
Corporate
Interest expense, net		(23	)		(22	)		(1	)
Other		(49	)		(112	)		63
Taxes		(1,087	)		(1,111	)		24
Core Results	$	1,775		$	1,819		$	(44	)
Core Results Per Common Share
Basic	$	2.18		$	2.23		$	(0.05	)
Diluted	$	2.18		$	2.23		$	(0.05	)
Worldwide Effective Tax Rate		38%			38%			0%

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Investor Relations Supplemental Schedules

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Investor Relations Supplemental Schedules

OCCIDENTAL PETROLEUM
2011 Third Quarter Net Income (Loss)
Reported Income Comparison
	Third			Third
	Quarter			Quarter
	2011			2010			B / (W)
Oil & Gas	$	2,612		$	1,757		$	855
Chemical		245			189			56
Midstream, marketing and other		77			163			(86	)
Corporate
Interest expense, net		(23	)		(18	)		(5	)
Other		(49	)		(66	)		17
Taxes		(1,087	)		(822	)		(265	)
Income from continuing operations		1,775			1,203			572
Discontinued operations, net		(4	)		(12	)		8
Net Income	$	1,771		$	1,191		$	580
Earnings Per Common Share
Basic	$	2.17		$	1.46		$	0.71
Diluted	$	2.17		$	1.46		$	0.71
Worldwide Effective Tax Rate		38%			41%			3%
OCCIDENTAL PETROLEUM
2011 Third Quarter Net Income (Loss)
Core Results Comparison
	Third			Third
	Quarter			Quarter
	2011			2010			B / (W)
Oil & Gas	$	2,612		$	1,757		$	855
Chemical		245			189			56
Midstream, marketing and other		77			163			(86	)
Corporate
Interest expense, net		(23	)		(18	)		(5	)
Other		(49	)		(66	)		17
Taxes		(1,087	)		(822	)		(265	)
Core Results	$	1,775		$	1,203		$	572
Core Results Per Common Share
Basic	$	2.18		$	1.48		$	0.70
Diluted	$	2.18		$	1.48		$	0.70
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
SUMMARY OF OPERATING STATISTICS
		Third Quarter		Nine Months
		2011	2010	2011	2010
NET PRODUCTION PER DAY:
United States
Crude Oil (MBBL)
	California	80	75	78	75
	Permian	133	134	132	136
	Midcontinent and other	17	7	16	7
	Total	230	216	226	218
NGL (MBBL)
	California	16	17	15	17
	Permian	37	30	38	28
	Midcontinent and other	20	7	14	7
	Total	73	54	67	52
Natural Gas (MMCF)
	California	269	276	254	288
	Permian	151	186	153	194
	Midcontinent and other	379	194	357	189
	Total	799	656	764	671
Latin America
Crude Oil (MBBL)	Colombia	27	33	29	33
Natural Gas (MMCF)	Bolivia	15	19	16	15
Middle East / North Africa
Crude Oil (MBBL)
	Bahrain	4	3	4	3
	Dolphin	10	12	10	12
	Iraq	4	-	6	-
	Libya	-	11	5	13
	Oman	69	63	68	60
	Qatar	73	78	72	77
	Yemen	28	30	28	32
	Total	188	197	193	197
NGL (MBBL)
	Dolphin	11	13	11	12
	Libya	-	1	-	1
	Total	11	14	11	13
Natural Gas (MMCF)
	Bahrain	169	181	171	169
	Dolphin	215	250	205	238
	Oman	59	47	53	49
	Total	443	478	429	456
Barrels of Oil Equivalent (MBOE)		739	706	728	703

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Investor Relations Supplemental Schedules

OCCIDENTAL PETROLEUM
SUMMARY OF OPERATING STATISTICS
		Third Quarter		Nine Months
		2011	2010	2011	2010
NET SALES VOLUMES PER DAY:
United States
Crude Oil (MBBL)		230	216	226	218
NGL (MBBL)		73	54	67	52
Natural Gas (MMCF)		799	656	764	671
Latin America
Crude Oil (MBBL)		24	36	29	32
Natural Gas (MMCF)		15	19	16	15
Middle East / North Africa
Crude Oil (MBBL)
	Bahrain	4	3	4	3
	Dolphin	9	12	9	11
	Iraq	7	-	2	-
	Libya	-	12	5	12
	Oman	71	66	70	60
	Qatar	76	79	73	77
	Yemen	28	30	28	32
	Total	195	202	191	195
NGL (MBBL)	Dolphin	11	13	11	13
	Libya	-	-	-	1
	Total	11	13	11	14
Natural Gas (MMCF)		443	478	429	456
Barrels of Oil Equivalent (MBOE)		743	713	726	701

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Investor Relations Supplemental Schedules

OCCIDENTAL PETROLEUM
SUMMARY OF OPERATING STATISTICS
	Third Quarter				Nine Months
	2011		2010		2011			2010
OIL & GAS:
PRICES
United States
Crude Oil ($/BBL)		89.78		71.14		92.19			71.96
NGL ($/BBL)		59.73		43.67		59.18			47.80
Natural gas ($/MCF)		4.23		4.20		4.24			4.67
Latin America
Crude Oil ($/BBL)		91.01		71.82		95.85			73.52
Natural Gas ($/MCF)		11.21		7.71		9.64			7.72
Middle East / North Africa
Crude Oil ($/BBL)		106.97		73.66		103.74			75.39
NGL ($/BBL)		31.60		23.24		32.98			27.51
Total Worldwide
Crude Oil ($/BBL)		97.24		72.31		97.33			73.58
NGL ($/BBL)		56.06		39.70		55.63			43.66
Natural Gas ($/MCF)		3.12		2.85		3.09			3.17
	Third Quarter				Nine Months
	2011		2010		2011			2010
Exploration Expense
United States	$	36	$	63	$	135		$	135
Latin America		1		-		1			1
Middle East / North Africa		2		20		49			72
TOTAL REPORTED	$	39	$	83	$	185		$	208
Less - non-core impairments		-		-		(35	)		-
TOTAL CORE	$	39	$	83	$	150		$	208

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Investor Relations Supplemental Schedules

OCCIDENTAL PETROLEUM
SUMMARY OF OPERATING STATISTICS
		Third Quarter				Nine Months
Capital Expenditures ($MM)		2011		2010		2011		2010
Oil & Gas
California		$	481	$	215	$	1,202	$	544
Permian			308		136		761		290
Midcontinent and other			311		52		725		138
Latin America			52		40		139		107
Middle East  / North Africa			338		340		993		855
Exploration			115		46		291		130
Chemicals			59		50		118		129
Midstream, marketing and other			331		128		701		357
Corporate			16		13		39		30
	TOTAL	$	2,011	$	1,020	$	4,969	$	2,580
Depreciation, Depletion &		Third Quarter				Nine Months
Amortization of Assets ($MM)		2011		2010		2011		2010
Oil & Gas
Domestic		$	448	$	346	$	1,265	$	1,046
Latin America			18		33		67		91
Middle East  / North Africa			324		294		920		853
Chemicals			82		81		249		242
Midstream, marketing and other			45		32		134		105
Corporate			7		6		18		16
	TOTAL	$	924	$	792	$	2,653	$	2,353

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Investor Relations Supplemental Schedules

OCCIDENTAL PETROLEUM
CORPORATE
($ millions)
	30-Sep-11			31-Dec-10
CAPITALIZATION
Long-Term Debt (including short-term borrowings)		$	5,870		$	5,111
EQUITY		$	36,479		$	32,484
Total Debt To Total Capitalization			14%			14%

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