Occidental Petroleum Corporatio (OXY) 8-K Occidental Petroleum Announces Second Quarter of 2012 Income

EXHIBIT 99.3

Investor Relations Supplemental Schedules

Investor Relations Supplemental Schedules
Summary
($ Millions)
	2Q 2012	2Q 2011
Core Results	$1,332	$1,819
EPS - Diluted	$1.64	$2.23
Reported Net Income	$1,328	$1,817
EPS - Diluted	$1.64	$2.23
Total Worldwide Sales Volumes (mboe/day)	759	705
Total Worldwide Production Volumes (mboe/day)	766	715
Total Worldwide Crude Oil Realizations ($/BBL)	$99.34	$103.12
Total Worldwide NGL Realizations ($/BBL)	$42.06	$57.67
Domestic Natural Gas Realizations ($/MCF)	$2.09	$4.27
Wtd. Average Basic Shares O/S (mm)	810.3	812.5
Wtd. Average Diluted Shares O/S (mm)	811.0	813.3
	YTD 2012	YTD 2011
Core Results	$2,892	$3,412
EPS - Diluted	$3.56	$4.19
Reported Net Income	$2,887	$3,366
EPS - Diluted	$3.55	$4.13
Total Worldwide Sales Volumes (mboe/day)	752	717
Total Worldwide Production Volumes (mboe/day)	760	723
Total Worldwide Crude Oil Realizations ($/BBL)	$103.63	$97.38
Total Worldwide NGL Realizations ($/BBL)	$47.52	$55.38
Domestic Natural Gas Realizations ($/MCF)	$2.46	$4.24
Wtd. Average Basic Shares O/S (mm)	810.4	812.5
Wtd. Average Diluted Shares O/S (mm)	811.2	813.3
Shares Outstanding (mm)	809.9	812.8
Cash Flow from Operations	$     6,000	$     5,600

1

Investor Relations Supplemental Schedules

OCCIDENTAL PETROLEUM
2012 Second Quarter
Net Income (Loss)
($ millions)
	Reported						Core
	Income			Significant Items Affecting Income			Results
Oil & Gas	$	2,043					$	2,043
Chemical		194						194
Midstream, marketing and other		77						77
Corporate
Interest expense, net		(25	)					(25	)
Other		(82	)					(82	)
Taxes		(875	)					(875	)
Income from continuing operations		1,332			-			1,332
Discontinued operations, net of tax		(4	)		4	Discontinued operations, net		-
Net Income	$	1,328		$	4		$	1,332
Basic Earnings Per Common Share
Income from continuing operations	$	1.64
Discontinued operations, net		-
Net Income	$	1.64					$	1.64
Diluted Earnings Per Common Share
Income from continuing operations	$	1.64
Discontinued operations, net		-
Net Income	$	1.64					$	1.64

2

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

3

Investor Relations Supplemental Schedules

OCCIDENTAL PETROLEUM
2012 Six Months
Net Income (Loss)
($ millions)
	Reported						Core
	Income			Significant Items Affecting Income			Results
Oil & Gas	$	4,547					$	4,547
Chemical		378						378
Midstream, marketing and other		208						208
Corporate
Interest expense, net		(53	)					(53	)
Other		(174	)					(174	)
Taxes		(2,014	)					(2,014	)
Income from continuing operations		2,892			-			2,892
Discontinued operations, net of tax		(5	)		5	Discontinued operations, net		-
Net Income	$	2,887		$	5		$	2,892
Basic Earnings Per Common Share
Income from continuing operations	$	3.56
Discontinued operations, net		(0.01	)
Net Income	$	3.55					$	3.56
Diluted Earnings Per Common Share
Income from continuing operations	$	3.56
Discontinued operations, net		(0.01	)
Net Income	$	3.55					$	3.56

4

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

5

Investor Relations Supplemental Schedules

OCCIDENTAL PETROLEUM
Worldwide Effective Tax Rate
	QUARTERLY						YEAR-TO-DATE
	2012		2012		2011		2012		2011
REPORTED INCOME	QTR 2		QTR 1		QTR 2		6 Months		6 Months
Oil & Gas	2,043		2,504		2,624		4,547		5,092
Chemicals	194		184		253		378		472
Midstream, marketing and other	77		131		187		208		301
Corporate & other	(107	)	(120	)	(134	)	(227	)	(476	)
Pre-tax income	2,207		2,699		2,930		4,906		5,389
Income tax expense
Federal and state	254		446		557		700		927
Foreign	621		693		554		1,314		1,238
Total	875		1,139		1,111		2,014		2,165
Income from continuing operations	1,332		1,560		1,819		2,892		3,224
Worldwide effective tax rate	40%		42%		38%		41%		40%
	2012		2012		2011		2012		2011
CORE RESULTS	QTR 2		QTR 1		QTR 2		6 Months		6 Months
Oil & Gas	2,043		2,504		2,624		4,547		5,134
Chemicals	194		184		253		378		472
Midstream, marketing and other	77		131		187		208		301
Corporate & other	(107	)	(120	)	(134	)	(227	)	(313	)
Pre-tax income	2,207		2,699		2,930		4,906		5,594
Income tax expense
Federal and state	254		446		557		700		957
Foreign	621		693		554		1,314		1,225
Total	875		1,139		1,111		2,014		2,182
Core results	1,332		1,560		1,819		2,892		3,412
Worldwide effective tax rate	40%		42%		38%		41%		39%

6

Investor Relations Supplemental Schedules

OCCIDENTAL PETROLEUM
2012 Second Quarter Net Income (Loss)
Reported Income Comparison
	Second			First
	Quarter			Quarter
	2012			2012			B / (W)
Oil & Gas	$	2,043		$	2,504		$	(461	)
Chemical		194			184			10
Midstream, marketing and other		77			131			(54	)
Corporate
Interest expense, net		(25	)		(28	)		3
Other		(82	)		(92	)		10
Taxes		(875	)		(1,139	)		264
Income from continuing operations		1,332			1,560			(228	)
Discontinued operations, net		(4	)		(1	)		(3	)
Net Income	$	1,328		$	1,559		$	(231	)
Earnings Per Common Share
Basic	$	1.64		$	1.92		$	(0.28	)
Diluted	$	1.64		$	1.92		$	(0.28	)
Worldwide Effective Tax Rate		40%			42%			2%
OCCIDENTAL PETROLEUM
2012 Second Quarter Net Income (Loss)
Core Results Comparison
	Second			First
	Quarter			Quarter
	2012			2012			B / (W)
Oil & Gas	$	2,043		$	2,504		$	(461	)
Chemical		194			184			10
Midstream, marketing and other		77			131			(54	)
Corporate
Interest expense, net		(25	)		(28	)		3
Other		(82	)		(92	)		10
Taxes		(875	)		(1,139	)		264
Core Results	$	1,332		$	1,560		$	(228	)
Core Results Per Common Share
Basic	$	1.64		$	1.92		$	(0.28	)
Diluted	$	1.64		$	1.92		$	(0.28	)
Worldwide Effective Tax Rate		40%			42%			2%

7

Investor Relations Supplemental Schedules

8

Investor Relations Supplemental Schedules

OCCIDENTAL PETROLEUM
2012 Second Quarter Net Income (Loss)
Reported Income Comparison
	Second			Second
	Quarter			Quarter
	2012			2011			B / (W)
Oil & Gas	$	2,043		$	2,624		$	(581	)
Chemical		194			253			(59	)
Midstream, marketing and other		77			187			(110	)
Corporate
Interest expense, net		(25	)		(22	)		(3	)
Other		(82	)		(112	)		30
Taxes		(875	)		(1,111	)		236
Income from continuing operations		1,332			1,819			(487	)
Discontinued operations, net		(4	)		(2	)		(2	)
Net Income	$	1,328		$	1,817		$	(489	)
Earnings Per Common Share
Basic	$	1.64		$	2.23		$	(0.59	)
Diluted	$	1.64		$	2.23		$	(0.59	)
Worldwide Effective Tax Rate		40%			38%			-2%
OCCIDENTAL PETROLEUM
2012 Second Quarter Net Income (Loss)
Core Results Comparison
	Second			Second
	Quarter			Quarter
	2012			2011			B / (W)
Oil & Gas	$	2,043		$	2,624		$	(581	)
Chemical		194			253			(59	)
Midstream, marketing and other		77			187			(110	)
Corporate
Interest expense, net		(25	)		(22	)		(3	)
Other		(82	)		(112	)		30
Taxes		(875	)		(1,111	)		236
Core Results	$	1,332		$	1,819		$	(487	)
Core Results Per Common Share
Basic	$	1.64		$	2.23		$	(0.59	)
Diluted	$	1.64		$	2.23		$	(0.59	)
Worldwide Effective Tax Rate		40%			38%			-2%

9

Investor Relations Supplemental Schedules

10

Investor Relations Supplemental Schedules

OCCIDENTAL PETROLEUM
SUMMARY OF OPERATING STATISTICS
		Second Quarter		Six Months
		2012	2011	2012	2011
NET PRODUCTION PER DAY:
United States
Crude Oil (MBBL)
	California	88	78	87	77
	Permian	138	132	139	132
Midcontinent and other		23	16	20	15
	Total	249	226	246	224
NGL (MBBL)
	California	15	15	15	15
	Permian	39	40	39	38
Midcontinent and other		19	16	19	12
	Total	73	71	73	65
Natural Gas (MMCF)
	California	269	252	268	247
	Permian	151	143	153	154
Midcontinent and other		420	366	416	347
	Total	840	761	837	748
Latin America
Crude Oil (MBBL)	Colombia	31	30	27	31
Natural Gas (MMCF)	Bolivia	14	16	14	16
Middle East / North Africa
Crude Oil (MBBL)
	Bahrain	4	3	4	3
	Dolphin	9	10	9	10
	Oman	62	68	63	67
	Qatar	74	68	73	72
	Other	32	28	37	43
	Total	181	177	186	195
NGL (MBBL)	Dolphin	9	11	9	10
Natural Gas (MMCF)
	Bahrain	230	172	224	172
	Dolphin	194	203	183	199
	Oman	57	49	57	50
	Total	481	424	464	421
Barrels of Oil Equivalent (MBOE)		766	715	760	723

11

Investor Relations Supplemental Schedules

OCCIDENTAL PETROLEUM
SUMMARY OF OPERATING STATISTICS
		Second Quarter		Six Months
		2012	2011	2012	2011
NET SALES VOLUMES PER DAY:
United States
Crude Oil (MBBL)		249	226	246	224
NGL (MBBL)		73	71	73	65
Natural Gas (MMCF)		835	761	835	748
Latin America
Crude Oil (MBBL)		31	30	27	31
Natural Gas (MMCF)		14	16	14	16
Middle East / North Africa
Crude Oil (MBBL)
	Bahrain	4	3	4	3
	Dolphin	8	10	8	10
	Oman	60	66	63	69
	Qatar	73	65	71	71
	Other	30	23	32	36
	Total	175	167	178	189
NGL (MBBL)	Dolphin	9	11	9	10
Natural Gas (MMCF)		481	424	464	421
Barrels of Oil Equivalent (MBOE)		759	705	752	717

12

Investor Relations Supplemental Schedules

OCCIDENTAL PETROLEUM
SUMMARY OF OPERATING STATISTICS
	Second Quarter				Six Months
	2012		2011		2012		2011
OIL & GAS:
PRICES
United States
Crude Oil ($/BBL)		92.34		98.74		97.88		93.45
NGL ($/BBL)		43.75		61.30		49.14		58.87
Natural gas ($/MCF)		2.09		4.27		2.46		4.24
Latin America
Crude Oil ($/BBL)		98.15		103.22		100.40		97.75
Natural Gas ($/MCF)		12.06		9.55		11.84		8.88
Middle East / North Africa
Crude Oil ($/BBL)		109.70		109.11		112.28		102.05
NGL ($/BBL)		29.32		33.50		34.76		33.71
Total Worldwide
Crude Oil ($/BBL)		99.34		103.12		103.63		97.38
NGL ($/BBL)		42.06		57.67		47.52		55.38
Natural Gas ($/MCF)		1.72		3.12		1.97		3.08
	Second Quarter				Six Months
	2012		2011		2012		2011
Exploration Expense
United States	$	80	$	59	$	141	$	99
Latin America		-		-		-		-
Middle East / North Africa		16		3		53		47
TOTAL REPORTED	$	96	$	62	$	194	$	146
Less - non-core impairments		-		-		-		(35	)
TOTAL CORE	$	96	$	62	$	194	$	111

13

Investor Relations Supplemental Schedules

OCCIDENTAL PETROLEUM
SUMMARY OF OPERATING STATISTICS
		Second Quarter				Six Months
Capital Expenditures ($MM)		2012		2011		2012		2011
Oil & Gas
California		$	580	$	413	$	1,103	$	721
Permian			508		237		937		453
Midcontinent and other			418		234		842		414
Latin America			67		45		109		87
Middle East  / North Africa			430		303		858		655
Exploration			183		111		354		176
Chemicals			75		37		117		59
Midstream, marketing and other			422		243		754		370
Corporate			30		10		51		23
	TOTAL	$	2,713	$	1,633	$	5,125	$	2,958
Depreciation, Depletion &		Second Quarter				Six Months
Amortization of Assets ($MM)		2012		2011		2012		2011
Oil & Gas
Domestic		$	582	$	410	$	1,170	$	817
Latin America			31		21		56		49
Middle East  / North Africa			328		274		663		596
Chemicals			86		85		171		167
Midstream, marketing and other			54		44		100		89
Corporate			6		5		12		11
	TOTAL	$	1,087	$	839	$	2,172	$	1,729

14

Investor Relations Supplemental Schedules

OCCIDENTAL PETROLEUM
CORPORATE
($ millions)
	30-Jun-12			31-Dec-11
CAPITALIZATION
Long-Term Debt (including short-term borrowings)		$	7,620		$	5,871
EQUITY		$	39,550		$	37,620
Total Debt To Total Capitalization			16%			13%

15