Occidental Petroleum (OXY) 8-K Occidental Petroleum Announces Fourth Quarter and Twelve Months of 2011 Income

EXHIBIT 99.3

Investor Relations Supplemental Schedules

Investor Relations Supplemental Schedules
Summary
($ Millions)
	4Q 2011	4Q 2010
Core Results	$1,641	$1,287
EPS - Diluted	$2.02	$1.58
Reported Net Income	$1,634	$1,212
EPS - Diluted	$2.01	$1.49
Total Worldwide Sales Volumes (mboe/day)	749	699
Total Worldwide Production Volumes (mboe/day)	748	714
Total Worldwide Crude Oil Realizations ($/BBL)	$99.62	$79.96
Total Worldwide NGL Realizations ($/BBL)	$55.25	$49.17
Domestic Natural Gas Realizations ($/MCF)	$3.59	$4.13
Wtd. Average Basic Shares O/S (mm)	810.7	812.6
Wtd. Average Diluted Shares O/S (mm)	811.5	813.7
	YTD 2011	YTD 2010
Core Results	$6,828	$4,664
EPS - Diluted	$8.39	$5.72
Reported Net Income	$6,771	$4,530
EPS - Diluted	$8.32	$5.56
Total Worldwide Sales Volumes (mboe/day)	731	701
Total Worldwide Production Volumes (mboe/day)	733	706
Total Worldwide Crude Oil Realizations ($/BBL)	$97.92	$75.16
Total Worldwide NGL Realizations ($/BBL)	$55.53	$45.08
Domestic Natural Gas Realizations ($/MCF)	$4.06	$4.53
Wtd. Average Basic Shares O/S (mm)	812.1	812.5
Wtd. Average Diluted Shares O/S (mm)	812.9	813.8
Shares Outstanding (mm)	811.0	812.8
Cash Flow from Operations	$    12,300	$     9,600

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Investor Relations Supplemental Schedules

OCCIDENTAL PETROLEUM
2011 Fourth Quarter
Net Income (Loss)
($ millions)
	Reported						Core
	Income			Significant Items Affecting Income			Results
Oil & Gas	$	2,537					$	2,537
Chemical		144						144
Midstream, marketing and other		70						70
Corporate
Interest expense, net		(25	)					(25	)
Other		(136	)					(136	)
Taxes		(949	)					(949	)
Income from continuing operations		1,641			-			1,641
Discontinued operations, net of tax		(7	)		7	Discontinued operations, net		-
Net Income	$	1,634		$	7		$	1,641
Basic Earnings Per Common Share
Income from continuing operations	$	2.02
Discontinued operations, net		(0.01	)
Net Income	$	2.01					$	2.02
Diluted Earnings Per Common Share
Income from continuing operations	$	2.02
Discontinued operations, net		(0.01	)
Net Income	$	2.01					$	2.02

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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
2011 Twelve Months
Net Income (Loss)
($ millions)
	Reported							Core
	Income			Significant Items Affecting Income				Results
Oil & Gas	$	10,241		$	35		Libya exploration write-off	$	10,283
					(22	)	Gain on sale of Colombia pipeline interest
					29		Foreign tax
Chemical		861							861
Midstream, marketing and other		448							448
Corporate
Interest expense, net		(284	)		163		Premium on debt extinguishments		(121	)
Other		(425	)						(425	)
Taxes		(4,201	)		(50	)	Tax effect of adjustments		(4,218	)
					33		State income tax charge
Income from continuing operations		6,640			188				6,828
Discontinued operations, net of tax		131			(131	)	Discontinued operations, net		-
Net Income	$	6,771		$	57			$	6,828
Basic Earnings Per Common Share
Income from continuing operations	$	8.16
Discontinued operations, net		0.16
Net Income	$	8.32						$	8.39
Diluted Earnings Per Common Share
Income from continuing operations	$	8.16
Discontinued operations, net		0.16
Net Income	$	8.32						$	8.39

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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
Worldwide Effective Tax Rate
	QUARTERLY						YEAR-TO-DATE
	2011		2011		2010		2011		2010
REPORTED INCOME	QTR 4		QTR 3		QTR 4		12 Months		12 Months
Oil & Gas	2,537		2,612		1,666		10,241		7,151
Chemicals	144		245		111		861		438
Midstream, marketing and other	70		77		202		448		472
Corporate & other	(161	)	(72	)	(169	)	(709	)	(497	)
Pre-tax income	2,590		2,862		1,810		10,841		7,564
Income tax expense
Federal and state	435		433		129		1,795		1,087
Foreign	514		654		489		2,406		1,908
Total	949		1,087		618		4,201		2,995
Income from continuing operations	1,641		1,775		1,192		6,640		4,569
Worldwide effective tax rate	37%		38%		34%		39%		40%
	2011		2011		2010		2011		2010
CORE RESULTS	QTR 4		QTR 3		QTR 4		12 Months		12 Months
Oil & Gas	2,537		2,612		1,941		10,283		7,426
Chemicals	144		245		111		861		438
Midstream, marketing and other	70		77		202		448		472
Corporate & other	(161	)	(72	)	(169	)	(546	)	(497	)
Pre-tax income	2,590		2,862		2,085		11,046		7,839
Income tax expense
Federal and state	435		433		309		1,825		1,267
Foreign	514		654		489		2,393		1,908
Total	949		1,087		798		4,218		3,175
Core results	1,641		1,775		1,287		6,828		4,664
Worldwide effective tax rate	37%		38%		38%		38%		41%

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Investor Relations Supplemental Schedules

OCCIDENTAL PETROLEUM
2011 Fourth Quarter Net Income (Loss)
Reported Income Comparison
	Fourth			Third
	Quarter			Quarter
	2011			2011			B / (W)
Oil & Gas	$	2,537		$	2,612		$	(75	)
Chemical		144			245			(101	)
Midstream, marketing and other		70			77			(7	)
Corporate
Interest expense, net		(25	)		(23	)		(2	)
Other		(136	)		(49	)		(87	)
Taxes		(949	)		(1,087	)		138
Income from continuing operations		1,641			1,775			(134	)
Discontinued operations, net		(7	)		(4	)		(3	)
Net Income	$	1,634		$	1,771		$	(137	)
Earnings Per Common Share
Basic	$	2.01		$	2.17		$	(0.16	)
Diluted	$	2.01		$	2.17		$	(0.16	)
Worldwide Effective Tax Rate		37%			38%			1%
OCCIDENTAL PETROLEUM
2011 Fourth Quarter Net Income (Loss)
Core Results Comparison
	Fourth			Third
	Quarter			Quarter
	2011			2011			B / (W)
Oil & Gas	$	2,537		$	2,612		$	(75	)
Chemical		144			245			(101	)
Midstream, marketing and other		70			77			(7	)
Corporate
Interest expense, net		(25	)		(23	)		(2	)
Other		(136	)		(49	)		(87	)
Taxes		(949	)		(1,087	)		138
Core Results	$	1,641		$	1,775		$	(134	)
Core Results Per Common Share
Basic	$	2.02		$	2.18		$	(0.16	)
Diluted	$	2.02		$	2.18		$	(0.16	)
Worldwide Effective Tax Rate		37%			38%			1%

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Investor Relations Supplemental Schedules

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Investor Relations Supplemental Schedules

OCCIDENTAL PETROLEUM
2011 Fourth Quarter Net Income (Loss)
Reported Income Comparison
	Fourth			Fourth
	Quarter			Quarter
	2011			2010			B / (W)
Oil & Gas	$	2,537		$	1,666		$	871
Chemical		144			111			33
Midstream, marketing and other		70			202			(132	)
Corporate
Interest expense, net		(25	)		(20	)		(5	)
Other		(136	)		(149	)		13
Taxes		(949	)		(618	)		(331	)
Income from continuing operations		1,641			1,192			449
Discontinued operations, net		(7	)		20			(27	)
Net Income	$	1,634		$	1,212		$	422
Earnings Per Common Share
Basic	$	2.01		$	1.49		$	0.52
Diluted	$	2.01		$	1.49		$	0.52
Worldwide Effective Tax Rate		37%			34%			-3%
OCCIDENTAL PETROLEUM
2011 Fourth Quarter Net Income (Loss)
Core Results Comparison
	Fourth			Fourth
	Quarter			Quarter
	2011			2010			B / (W)
Oil & Gas	$	2,537		$	1,941		$	596
Chemical		144			111			33
Midstream, marketing and other		70			202			(132	)
Corporate
Interest expense, net		(25	)		(20	)		(5	)
Other		(136	)		(149	)		13
Taxes		(949	)		(798	)		(151	)
Core Results	$	1,641		$	1,287		$	354
Core Results Per Common Share
Basic	$	2.02		$	1.58		$	0.44
Diluted	$	2.02		$	1.58		$	0.44
Worldwide Effective Tax Rate		37%			38%			1%

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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
		2011	2010	2011	2010
NET PRODUCTION PER DAY:
United States
Crude Oil (MBBL)
California		84	75	80	76
Permian		137	135	134	136
Midcontinent and other		19	9	16	7
	Total	240	219	230	219
NGL (MBBL)
California		15	15	15	16
Permian		37	31	38	29
Midcontinent and other		18	7	16	7
	Total	70	53	69	52
Natural Gas (MMCF)
California		276	259	260	280
Permian		167	215	157	199
Midcontinent and other		390	225	365	198
	Total	833	699	782	677
Latin America
Crude Oil (MBBL)	Colombia	28	30	29	32
Natural Gas (MMCF)	Bolivia	14	18	15	16
Middle East / North Africa
Crude Oil (MBBL)
	Bahrain	5	3	4	3
	Dolphin	9	11	9	11
	Iraq	9	11	7	3
	Libya	1	11	4	12
	Oman	67	67	67	62
	Qatar	76	75	73	76
	Yemen	23	27	27	31
	Total	190	205	191	198
NGL (MBBL)
	Dolphin	9	12	10	13
	Libya	-	1	-	1
	Total	9	13	10	14
Natural Gas (MMCF)
	Bahrain	180	170	173	169
	Dolphin	181	232	199	236
	Oman	58	47	54	48
	Total	419	449	426	453
Barrels of Oil Equivalent (MBOE)		748	714	733	706

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Investor Relations Supplemental Schedules

OCCIDENTAL PETROLEUM
SUMMARY OF OPERATING STATISTICS
		Fourth Quarter		Twelve Months
		2011	2010	2011	2010
NET SALES VOLUMES PER DAY:
United States
Crude Oil (MBBL)		240	219	230	219
NGL (MBBL)		70	53	69	52
Natural Gas (MMCF)		833	699	782	677
Latin America
Crude Oil (MBBL)		32	31	29	32
Natural Gas (MMCF)		14	18	15	16
Middle East / North Africa
Crude Oil (MBBL)
	Bahrain	5	3	4	3
	Dolphin	9	11	9	12
	Iraq	6	-	3	-
	Libya	1	9	4	12
	Oman	66	63	69	61
	Qatar	75	74	73	76
	Yemen	24	27	27	30
	Total	186	187	189	194
NGL (MBBL)	Dolphin	10	12	10	12
	Libya	-	3	-	1
	Total	10	15	10	13
Natural Gas (MMCF)		419	449	426	453
Barrels of Oil Equivalent (MBOE)		749	699	731	701

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Investor Relations Supplemental Schedules

OCCIDENTAL PETROLEUM
SUMMARY OF OPERATING STATISTICS
	Fourth Quarter				Twelve Months
	2011		2010		2011			2010
OIL & GAS:
PRICES
United States
Crude Oil ($/BBL)		94.50		79.20		92.80			73.79
NGL ($/BBL)		58.85		51.97		59.10			48.86
Natural gas ($/MCF)		3.59		4.13		4.06			4.53
Latin America
Crude Oil ($/BBL)		100.66		81.05		97.16			75.29
Natural Gas ($/MCF)		11.63		7.76		10.11			7.73
Middle East / North Africa
Crude Oil ($/BBL)		106.20		80.65		104.34			76.67
NGL ($/BBL)		29.17		39.13		32.09			30.64
Total Worldwide
Crude Oil ($/BBL)		99.62		79.96		97.92			75.16
NGL ($/BBL)		55.25		49.17		55.53			45.08
Natural Gas ($/MCF)		2.76		2.91		3.01			3.11
	Fourth Quarter				Twelve Months
	2011		2010		2011			2010
Exploration Expense
United States	$	71	$	27	$	204		$	162
Latin America		-		6		1			7
Middle East / North Africa		2		21		53			93
TOTAL REPORTED	$	73	$	54	$	258		$	262
Less - non-core impairments		-		-		(35	)		-
TOTAL CORE	$	73	$	54	$	223		$	262

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Investor Relations Supplemental Schedules

OCCIDENTAL PETROLEUM
SUMMARY OF OPERATING STATISTICS
		Fourth Quarter				Twelve Months
Capital Expenditures ($MM)		2011		2010		2011		2010
Oil & Gas
California		$	515	$	297	$	1,717	$	841
Permian			385		212		1,146		502
Midcontinent and other			433		131		1,158		269
Latin America			79		56		218		163
Middle East  / North Africa			492		342		1,485		1,197
Exploration			130		64		421		194
Chemicals			116		108		234		237
Midstream, marketing and other			388		144		1,089		501
Corporate			11		6		50		36
	TOTAL	$	2,549	$	1,360	$	7,518	$	3,940
Depreciation, Depletion &		Fourth Quarter				Twelve Months
Amortization of Assets ($MM)		2011		2010		2011		2010
Oil & Gas
Domestic		$	489	$	366	$	1,754	$	1,412
Latin America			23		31		90		122
Middle East  / North Africa			300		281		1,220		1,134
Chemicals			81		79		330		321
Midstream, marketing and other			39		37		173		142
Corporate			6		6		24		22
	TOTAL	$	938	$	800	$	3,591	$	3,153

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Investor Relations Supplemental Schedules

OCCIDENTAL PETROLEUM
CORPORATE
($ millions)
	31-Dec-11			31-Dec-10
CAPITALIZATION
Long-Term Debt (including short-term borrowings)		$	5,871		$	5,111
EQUITY		$	37,620		$	32,484
Total Debt To Total Capitalization			13%			14%

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