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

EXHIBIT 99.3

Investor Relations Supplemental Schedules

Investor Relations Supplemental Schedules
Summary
($ Millions, except per share amounts)
	3Q 2012	3Q 2011
Core Results	$1,379	$1,775
EPS - Diluted	$1.70	$2.18
Reported Net Income	$1,375	$1,771
EPS - Diluted	$1.69	$2.17
Total Worldwide Sales Volumes (mboe/day)	765	743
Total Worldwide Production Volumes (mboe/day)	766	739
Total Worldwide Crude Oil Realizations ($/BBL)	$96.62	$97.24
Total Worldwide NGL Realizations ($/BBL)	$40.65	$56.06
Domestic Natural Gas Realizations ($/MCF)	$2.48	$4.23
Wtd. Average Basic Shares O/S (mm)	809.7	812.5
Wtd. Average Diluted Shares O/S (mm)	810.4	813.2
	YTD 2012	YTD 2011
Core Results	$4,271	$5,187
EPS - Diluted	$5.26	$6.37
Reported Net Income	$4,262	$5,137
EPS - Diluted	$5.25	$6.31
Total Worldwide Sales Volumes (mboe/day)	757	726
Total Worldwide Production Volumes (mboe/day)	762	728
Total Worldwide Crude Oil Realizations ($/BBL)	$101.20	$97.33
Total Worldwide NGL Realizations ($/BBL)	$45.21	$55.63
Domestic Natural Gas Realizations ($/MCF)	$2.47	$4.24
Wtd. Average Basic Shares O/S (mm)	810.1	812.6
Wtd. Average Diluted Shares O/S (mm)	810.8	813.3
Shares Outstanding (mm)	810.2	811.8
Cash Flow from Operations	$     8,500	$     8,600

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Investor Relations Supplemental Schedules

OCCIDENTAL PETROLEUM
2012 Third Quarter
Net Income (Loss)
($ millions, except per share amounts)
	Reported						Core
	Income			Significant Items Affecting Income			Results
Oil & Gas	$	2,026					$	2,026
Chemical		162						162
Midstream, marketing and other		156						156
Corporate
Interest expense, net		(34	)					(34	)
Other		(76	)					(76	)
Taxes		(855	)					(855	)
Income from continuing operations		1,379			-			1,379
Discontinued operations, net of tax		(4	)		4	Discontinued operations, net		-
Net Income	$	1,375		$	4		$	1,379
Basic Earnings Per Common Share
Income from continuing operations	$	1.70
Discontinued operations, net		(0.01	)
Net Income	$	1.69					$	1.70
Diluted Earnings Per Common Share
Income from continuing operations	$	1.70
Discontinued operations, net		(0.01	)
Net Income	$	1.69					$	1.70

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Investor Relations Supplemental Schedules

OCCIDENTAL PETROLEUM
2011 Third Quarter
Net Income (Loss)
($ millions, except per share amounts)
	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
2012 Nine Months
Net Income (Loss)
($ millions, except per share amounts)
	Reported						Core
	Income			Significant Items Affecting Income			Results
Oil & Gas	$	6,573					$	6,573
Chemical		540						540
Midstream, marketing and other		364						364
Corporate
Interest expense, net		(87	)					(87	)
Other		(250	)					(250	)
Taxes		(2,869	)					(2,869	)
Income from continuing operations		4,271			-			4,271
Discontinued operations, net of tax		(9	)		9	Discontinued operations, net		-
Net Income	$	4,262		$	9		$	4,271
Basic Earnings Per Common Share
Income from continuing operations	$	5.26
Discontinued operations, net		(0.01	)
Net Income	$	5.25					$	5.26
Diluted Earnings Per Common Share
Income from continuing operations	$	5.26
Discontinued operations, net		(0.01	)
Net Income	$	5.25					$	5.26

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Investor Relations Supplemental Schedules

OCCIDENTAL PETROLEUM
2011 Nine Months
Net Income (Loss)
($ millions, except per share amounts)
	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
Worldwide Effective Tax Rate
	QUARTERLY						YEAR-TO-DATE
	2012		2012		2011		2012		2011
REPORTED INCOME	QTR 3		QTR 2		QTR 3		9 Months		9 Months
Oil & Gas	2,026		2,043		2,612		6,573		7,704
Chemical	162		194		245		540		717
Midstream, marketing and other	156		77		77		364		378
Corporate & other	(110	)	(107	)	(72	)	(337	)	(548	)
Pre-tax income	2,234		2,207		2,862		7,140		8,251
Income tax expense
Federal and state	286		254		433		986		1,360
Foreign	569		621		654		1,883		1,892
Total	855		875		1,087		2,869		3,252
Income from continuing operations	1,379		1,332		1,775		4,271		4,999
Worldwide effective tax rate	38%		40%		38%		40%		39%
	2012		2012		2011		2012		2011
CORE RESULTS	QTR 3		QTR 2		QTR 3		9 Months		9 Months
Oil & Gas	2,026		2,043		2,612		6,573		7,746
Chemical	162		194		245		540		717
Midstream, marketing and other	156		77		77		364		378
Corporate & other	(110	)	(107	)	(72	)	(337	)	(385	)
Pre-tax income	2,234		2,207		2,862		7,140		8,456
Income tax expense
Federal and state	286		254		433		986		1,390
Foreign	569		621		654		1,883		1,879
Total	855		875		1,087		2,869		3,269
Core results	1,379		1,332		1,775		4,271		5,187
Worldwide effective tax rate	38%		40%		38%		40%		39%

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Investor Relations Supplemental Schedules

OCCIDENTAL PETROLEUM
2012 Third Quarter Net Income (Loss)
Reported Income Comparison
	Third			Second
	Quarter			Quarter
	2012			2012			B / (W)
Oil & Gas	$	2,026		$	2,043		$	(17	)
Chemical		162			194			(32	)
Midstream, marketing and other		156			77			79
Corporate
Interest expense, net		(34	)		(25	)		(9	)
Other		(76	)		(82	)		6
Taxes		(855	)		(875	)		20
Income from continuing operations		1,379			1,332			47
Discontinued operations, net		(4	)		(4	)		-
Net Income	$	1,375		$	1,328		$	47
Earnings Per Common Share
Basic	$	1.69		$	1.64		$	0.05
Diluted	$	1.69		$	1.64		$	0.05
Worldwide Effective Tax Rate		38%			40%			2%
OCCIDENTAL PETROLEUM
2012 Third Quarter Net Income (Loss)
Core Results Comparison
	Third			Second
	Quarter			Quarter
	2012			2012			B / (W)
Oil & Gas	$	2,026		$	2,043		$	(17	)
Chemical		162			194			(32	)
Midstream, marketing and other		156			77			79
Corporate
Interest expense, net		(34	)		(25	)		(9	)
Other		(76	)		(82	)		6
Taxes		(855	)		(875	)		20
Core Results	$	1,379		$	1,332		$	47
Core Results Per Common Share
Basic	$	1.70		$	1.64		$	0.06
Diluted	$	1.70		$	1.64		$	0.06
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
2012 Third Quarter Net Income (Loss)
Reported Income Comparison
	Third			Third
	Quarter			Quarter
	2012			2011			B / (W)
Oil & Gas	$	2,026		$	2,612		$	(586	)
Chemical		162			245			(83	)
Midstream, marketing and other		156			77			79
Corporate
Interest expense, net		(34	)		(23	)		(11	)
Other		(76	)		(49	)		(27	)
Taxes		(855	)		(1,087	)		232
Income from continuing operations		1,379			1,775			(396	)
Discontinued operations, net		(4	)		(4	)		-
Net Income	$	1,375		$	1,771		$	(396	)
Earnings Per Common Share
Basic	$	1.69		$	2.17		$	(0.48	)
Diluted	$	1.69		$	2.17		$	(0.48	)
Worldwide Effective Tax Rate		38%			38%			0%
OCCIDENTAL PETROLEUM
2012 Third Quarter Net Income (Loss)
Core Results Comparison
	Third			Third
	Quarter			Quarter
	2012			2011			B / (W)
Oil & Gas	$	2,026		$	2,612		$	(586	)
Chemical		162			245			(83	)
Midstream, marketing and other		156			77			79
Corporate
Interest expense, net		(34	)		(23	)		(11	)
Other		(76	)		(49	)		(27	)
Taxes		(855	)		(1,087	)		232
Core Results	$	1,379		$	1,775		$	(396	)
Core Results Per Common Share
Basic	$	1.70		$	2.18		$	(0.48	)
Diluted	$	1.70		$	2.18		$	(0.48	)
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
SUMMARY OF OPERATING STATISTICS
		Third Quarter		Nine Months
		2012	2011	2012	2011
NET PRODUCTION PER DAY:
United States
Crude Oil (MBBL)
California		88	80	87	78
Permian		144	133	140	132
Midcontinent and other		28	17	24	16
	Total	260	230	251	226
NGL (MBBL)
California		18	16	16	15
Permian		40	37	39	38
Midcontinent and other		16	20	18	14
	Total	74	73	73	67
Natural Gas (MMCF)
California		247	269	261	254
Permian		151	151	153	153
Midcontinent and other		414	379	414	357
	Total	812	799	828	764
Latin America
Crude Oil (MBBL)	Colombia	30	27	28	29
Natural Gas (MMCF)	Bolivia	12	15	13	16
Middle East / North Africa
Crude Oil (MBBL)
	Bahrain	4	4	5	4
	Dolphin	7	10	8	10
	Oman	69	69	65	68
	Qatar	69	73	71	72
	Other	34	32	36	39
	Total	183	188	185	193
NGL (MBBL)	Dolphin	7	11	9	11
	Other	1	-	-	-
	Total	8	11	9	11
Natural Gas (MMCF)
	Bahrain	237	169	229	171
	Dolphin	147	215	171	205
	Oman	57	59	57	53
	Total	441	443	457	429
Barrels of Oil Equivalent (MBOE)		766	739	762	728

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Investor Relations Supplemental Schedules

OCCIDENTAL PETROLEUM
SUMMARY OF OPERATING STATISTICS
		Third Quarter		Nine Months
		2012	2011	2012	2011
NET SALES VOLUMES PER DAY:
United States
Crude Oil (MBBL)		259	230	251	226
NGL (MBBL)		74	73	73	67
Natural Gas (MMCF)		807	799	825	764
Latin America
Crude Oil (MBBL)		30	24	28	29
Natural Gas (MMCF)		12	15	13	16
Middle East / North Africa
Crude Oil (MBBL)
	Bahrain	4	4	4	4
	Dolphin	7	9	8	9
	Oman	67	71	64	70
	Qatar	68	76	70	73
	Other	38	35	34	35
	Total	184	195	180	191
NGL (MBBL)	Dolphin	8	11	9	11
Natural Gas (MMCF)		441	443	457	429
Barrels of Oil Equivalent (MBOE)		765	743	757	726

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Investor Relations Supplemental Schedules

OCCIDENTAL PETROLEUM
SUMMARY OF OPERATING STATISTICS
	Third Quarter				Nine Months
	2012		2011		2012		2011
OIL & GAS:
PRICES
United States
Crude Oil ($/BBL)		91.97		89.78		95.83		92.19
NGL ($/BBL)		41.66		59.73		46.60		59.18
Natural gas ($/MCF)		2.48		4.23		2.47		4.24
Latin America
Crude Oil ($/BBL)		95.04		91.01		98.50		95.85
Natural Gas ($/MCF)		12.13		11.21		11.93		9.64
Middle East / North Africa
Crude Oil ($/BBL)		103.46		106.97		109.22		103.74
NGL ($/BBL)		30.89		31.60		33.61		32.98
Total Worldwide
Crude Oil ($/BBL)		96.62		97.24		101.20		97.33
NGL ($/BBL)		40.65		56.06		45.21		55.63
Natural Gas ($/MCF)		1.97		3.12		1.97		3.09
	Third Quarter				Nine Months
	2012		2011		2012		2011
Exploration Expense
United States	$	44	$	34	$	186	$	133
Latin America		-		1		1		1
Middle East / North Africa		25		4		76		51
TOTAL REPORTED	$	69	$	39	$	263	$	185
Less - non-core impairments		-		-		-		(35	)
TOTAL CORE	$	69	$	39	$	263	$	150

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Investor Relations Supplemental Schedules

OCCIDENTAL PETROLEUM
SUMMARY OF OPERATING STATISTICS
		Third Quarter				Nine Months
Capital Expenditures ($MM)		2012		2011		2012		2011
Oil & Gas
California		$	544	$	481	$	1,647	$	1,202
Permian			559		308		1,496		761
Midcontinent and other			278		311		1,120		725
Latin America			76		52		185		139
Middle East  / North Africa			520		338		1,378		993
Exploration			160		115		514		291
Chemical			75		59		192		118
Midstream, marketing and other			364		331		1,118		701
Corporate			15		16		66		39
	TOTAL	$	2,591	$	2,011	$	7,716	$	4,969
Depreciation, Depletion &		Third Quarter				Nine Months
Amortization of Assets ($MM)		2012		2011		2012		2011
Oil & Gas
Domestic		$	613	$	448	$	1,784	$	1,265
Latin America			31		18		86		67
Middle East  / North Africa			356		324		1,019		920
Chemical			87		82		257		249
Midstream, marketing and other			55		45		154		134
Corporate			7		7		20		18
	TOTAL	$	1,149	$	924	$	3,320	$	2,653

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Investor Relations Supplemental Schedules

OCCIDENTAL PETROLEUM
CORPORATE
($ millions)
	30-Sep-12			31-Dec-11
CAPITALIZATION
Long-Term Debt (including short-term borrowings)		$	7,622		$	5,871
EQUITY		$	40,474		$	37,620
Total Debt To Total Capitalization			16%			13%

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