Occidental Petroleum Corporatio (OXY) 8-K Occidental Petroleum Announces 4th Quarter and 12 Months of 2012 Income

EXHIBIT 99.3

Investor Relations Supplemental Schedules

Investor Relations Supplemental Schedules
Summary
($ Millions, except per share amounts)
	4Q 2012	4Q 2011
Core Results	$1,479	$1,641
EPS – Diluted	$1.83	$2.02
Reported Net Income	$336	$1,634
EPS - Diluted	$0.42	$2.01
Total Worldwide Sales Volumes (mboe/day)	784	749
Total Worldwide Production Volumes (mboe/day)	779	748
Total Worldwide Crude Oil Realizations ($/BBL)	$96.19	$99.62
Total Worldwide NGL Realizations ($/BBL)	$45.08	$55.25
Domestic Natural Gas Realizations ($/MCF)	$3.09	$3.59
Wtd. Average Basic Shares O/S (mm)	807.1	810.7
Wtd. Average Diluted Shares O/S (mm)	807.7	811.5
	YTD 2012	YTD 2011
Core Results	$5,750	$6,828
EPS - Diluted	$7.09	$8.39
Reported Net Income	$4,598	$6,771
EPS - Diluted	$5.67	$8.32
Total Worldwide Sales Volumes (mboe/day)	764	731
Total Worldwide Production Volumes (mboe/day)	766	733
Total Worldwide Crude Oil Realizations ($/BBL)	$99.87	$97.92
Total Worldwide NGL Realizations ($/BBL)	$45.18	$55.53
Domestic Natural Gas Realizations ($/MCF)	$2.62	$4.06
Wtd. Average Basic Shares O/S (mm)	809.3	812.1
Wtd. Average Diluted Shares O/S (mm)	810.0	812.9
Shares Outstanding (mm)	805.5	811.0
Cash Flow from Operations	$     11,300	$     12,300

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Investor Relations Supplemental Schedules

OCCIDENTAL PETROLEUM
2012 Fourth Quarter
Net Income (Loss)
($ millions, except per share amounts)
	Reported							Core
	Income			Significant Items Affecting Income				Results
Oil & Gas	$	522		$	1,731		Asset impairments and related items	$	2,253
Chemical		180							180
Midstream, marketing and other		75							75
Corporate
Interest expense, net		(30	)						(30	)
Other		(134	)		20		Litigation reserves		(114	)
Taxes		(249	)		(636	)	Tax effect of adjustments		(885	)
Income from continuing operations		364			1,115				1,479
Discontinued operations, net of tax		(28	)		28		Discontinued operations, net		-
Net Income	$	336		$	1,143			$	1,479
Basic Earnings Per Common Share
Income from continuing operations	$	0.45
Discontinued operations, net		(0.03	)
Net Income	$	0.42						$	1.83
Diluted Earnings Per Common Share
Income from continuing operations	$	0.45
Discontinued operations, net		(0.03	)
Net Income	$	0.42						$	1.83

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Investor Relations Supplemental Schedules

OCCIDENTAL PETROLEUM
2011 Fourth Quarter
Net Income (Loss)
($ millions, except per share amounts)
	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
2012 Twelve Months
Net Income (Loss)
($ millions, except per share amounts)
	Reported							Core
	Income			Significant Items Affecting Income				Results
Oil & Gas	$	7,095		$	1,731		Asset impairments and related items	$	8,826
Chemical		720							720
Midstream, marketing and other		439							439
Corporate
Interest expense, net		(117	)						(117	)
Other		(384	)		20		Litigation reserves		(364	)
Taxes		(3,118	)		(636	)	Tax effect of adjustments		(3,754	)
Income from continuing operations		4,635			1,115				5,750
Discontinued operations, net of tax		(37	)		37		Discontinued operations, net		-
Net Income	$	4,598		$	1,152			$	5,750
Basic Earnings Per Common Share
Income from continuing operations	$	5.72
Discontinued operations, net		(0.05	)
Net Income	$	5.67						$	7.09
Diluted Earnings Per Common Share
Income from continuing operations	$	5.71
Discontinued operations, net		(0.04	)
Net Income	$	5.67						$	7.09

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Investor Relations Supplemental Schedules

OCCIDENTAL PETROLEUM
2011 Twelve Months
Net Income (Loss)
($ millions, except per share amounts)
	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
Worldwide Effective Tax Rate
	QUARTERLY						YEAR-TO-DATE
	2012		2012		2011		2012		2011
REPORTED INCOME	QTR 4		QTR 3		QTR 4		12 Months		12 Months
Oil & Gas	522		2,026		2,537		7,095		10,241
Chemical	180		162		144		720		861
Midstream, marketing and other	75		156		70		439		448
Corporate & other	(164	)	(110	)	(161	)	(501	)	(709	)
Pre-tax income	613		2,234		2,590		7,753		10,841
Income tax expense
Federal and state	(293	)	286		435		694		1,795
Foreign	542		569		514		2,424		2,406
Total	249		855		949		3,118		4,201
Income from continuing operations	364		1,379		1,641		4,635		6,640
Worldwide effective tax rate	41%		38%		37%		40%		39%
	2012		2012		2011		2012		2011
CORE RESULTS	QTR 4		QTR 3		QTR 4		12 Months		12 Months
Oil & Gas	2,253		2,026		2,537		8,826		10,283
Chemical	180		162		144		720		861
Midstream, marketing and other	75		156		70		439		448
Corporate & other	(144	)	(110	)	(161	)	(481	)	(546	)
Pre-tax income	2,364		2,234		2,590		9,504		11,046
Income tax expense
Federal and state	343		286		435		1,330		1,825
Foreign	542		569		514		2,424		2,393
Total	885		855		949		3,754		4,218
Core results	1,479		1,379		1,641		5,750		6,828
Worldwide effective tax rate	37%		38%		37%		39%		38%

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Investor Relations Supplemental Schedules

OCCIDENTAL PETROLEUM
2012 Fourth Quarter Net Income (Loss)
Reported Income Comparison
	Fourth			Third
	Quarter			Quarter
	2012			2012			B / (W)
Oil & Gas	$	522		$	2,026		$	(1,504	)
Chemical		180			162			18
Midstream, marketing and other		75			156			(81	)
Corporate
Interest expense, net		(30	)		(34	)		4
Other		(134	)		(76	)		(58	)
Taxes		(249	)		(855	)		606
Income from continuing operations		364			1,379			(1,015	)
Discontinued operations, net		(28	)		(4	)		(24	)
Net Income	$	336		$	1,375		$	(1,039	)
Earnings Per Common Share
Basic	$	0.42		$	1.69		$	(1.27	)
Diluted	$	0.42		$	1.69		$	(1.27	)
Worldwide Effective Tax Rate		41%			38%			-3%
OCCIDENTAL PETROLEUM
2012 Fourth Quarter Net Income (Loss)
Core Results Comparison
	Fourth			Third
	Quarter			Quarter
	2012			2012			B / (W)
Oil & Gas	$	2,253		$	2,026		$	227
Chemical		180			162			18
Midstream, marketing and other		75			156			(81	)
Corporate
Interest expense, net		(30	)		(34	)		4
Other		(114	)		(76	)		(38	)
Taxes		(885	)		(855	)		(30	)
Core Results	$	1,479		$	1,379		$	100
Core Results Per Common Share
Basic	$	1.83		$	1.70		$	0.13
Diluted	$	1.83		$	1.70		$	0.13
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
2012 Fourth Quarter Net Income (Loss)
Reported Income Comparison
	Fourth			Fourth
	Quarter			Quarter
	2012			2011			B / (W)
Oil & Gas	$	522		$	2,537		$	(2,015	)
Chemical		180			144			36
Midstream, marketing and other		75			70			5
Corporate
Interest expense, net		(30	)		(25	)		(5	)
Other		(134	)		(136	)		2
Taxes		(249	)		(949	)		700
Income from continuing operations		364			1,641			(1,277	)
Discontinued operations, net		(28	)		(7	)		(21	)
Net Income	$	336		$	1,634		$	(1,298	)
Earnings Per Common Share
Basic	$	0.42		$	2.01		$	(1.59	)
Diluted	$	0.42		$	2.01		$	(1.59	)
Worldwide Effective Tax Rate		41%			37%			-4%
OCCIDENTAL PETROLEUM
2012 Fourth Quarter Net Income (Loss)
Core Results Comparison
	Fourth			Fourth
	Quarter			Quarter
	2012			2011			B / (W)
Oil & Gas	$	2,253		$	2,537		$	(284	)
Chemical		180			144			36
Midstream, marketing and other		75			70			5
Corporate
Interest expense, net		(30	)		(25	)		(5	)
Other		(114	)		(136	)		22
Taxes		(885	)		(949	)		64
Core Results	$	1,479		$	1,641		$	(162	)
Core Results Per Common Share
Basic	$	1.83		$	2.02		$	(0.19	)
Diluted	$	1.83		$	2.02		$	(0.19	)
Worldwide Effective Tax Rate		37%			37%			0%

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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
		2012	2011	2012	2011
NET PRODUCTION PER DAY:
United States
Crude Oil (MBBL)
	California	92	84	88	80
	Permian	146	137	142	134
Midcontinent and other		27	19	25	16
	Total	265	240	255	230
NGL (MBBL)
	California	21	15	17	15
	Permian	40	37	39	38
Midcontinent and other		16	18	17	16
	Total	77	70	73	69
Natural Gas (MMCF)
	California	242	276	256	260
	Permian	162	167	155	157
Midcontinent and other		396	390	410	365
	Total	800	833	821	782
Latin America
Crude Oil (MBBL)	Colombia	30	28	29	29
Natural Gas (MMCF)	Bolivia	12	14	13	15
Middle East / North Africa
Crude Oil (MBBL)
	Bahrain	4	5	4	4
	Dolphin	7	9	8	9
	Oman	74	67	67	67
	Qatar	71	76	71	73
	Other	36	33	36	38
	Total	192	190	186	191
NGL (MBBL)	Dolphin	7	9	8	10
	Other	-	-	1	-
	Total	7	9	9	10
Natural Gas (MMCF)
	Bahrain	242	180	232	173
	Dolphin	138	181	163	199
	Oman	56	58	57	54
	Total	436	419	452	426
Barrels of Oil Equivalent (MBOE)		779	748	766	733

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Investor Relations Supplemental Schedules

OCCIDENTAL PETROLEUM
SUMMARY OF OPERATING STATISTICS
		Fourth Quarter		Twelve Months
		2012	2011	2012	2011
NET SALES VOLUMES PER DAY:
United States
Crude Oil (MBBL)		265	240	255	230
NGL (MBBL)		77	70	73	69
Natural Gas (MMCF)		800	833	819	782
Latin America
Crude Oil (MBBL)		30	32	28	29
Natural Gas (MMCF)		12	14	13	15
Middle East / North Africa
Crude Oil (MBBL)
	Bahrain	4	5	4	4
	Dolphin	7	9	8	9
	Oman	70	66	66	69
	Qatar	75	75	71	73
	Other	39	31	36	34
	Total	195	186	185	189
NGL (MBBL)	Dolphin	7	10	8	10
	Other	2	-	1	-
	Total	9	10	9	10
Natural Gas (MMCF)		436	419	452	426
Barrels of Oil Equivalent (MBOE)		784	749	764	731

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Investor Relations Supplemental Schedules

OCCIDENTAL PETROLEUM
SUMMARY OF OPERATING STATISTICS
	Fourth Quarter				Twelve Months
	2012		2011		2012		2011
OIL & GAS:
PRICES
United States
Crude Oil ($/BBL)		87.81		94.50		93.72		92.80
NGL ($/BBL)		44.54		58.85		46.07		59.10
Natural gas ($/MCF)		3.09		3.59		2.62		4.06
Latin America
Crude Oil ($/BBL)		97.95		100.66		98.35		97.16
Natural Gas ($/MCF)		11.56		11.63		11.85		10.11
Middle East / North Africa
Crude Oil ($/BBL)		107.50		106.20		108.76		104.34
NGL ($/BBL)		49.14		29.17		37.74		32.09
Total Worldwide
Crude Oil ($/BBL)		96.19		99.62		99.87		97.92
NGL ($/BBL)		45.08		55.25		45.18		55.53
Natural Gas ($/MCF)		2.35		2.76		2.06		3.01
	Fourth Quarter				Twelve Months
	2012		2011		2012		2011
Exploration Expense
United States	$	46	$	71	$	232	$	204
Latin America		1		-		2		1
Middle East / North Africa		35		2		111		53
TOTAL REPORTED	$	82	$	73	$	345	$	258
Less - non-core impairments		-		-		-		(35	)
TOTAL CORE	$	82	$	73	$	345	$	223

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Investor Relations Supplemental Schedules

OCCIDENTAL PETROLEUM
SUMMARY OF OPERATING STATISTICS
		Fourth Quarter				Twelve Months
Capital Expenditures ($MM)		2012		2011		2012		2011
Oil & Gas
California		$	382	$	515	$	2,029	$	1,717
Permian			424		385		1,920		1,146
Midcontinent and other			204		433		1,324		1,158
Latin America			124		79		309		218
Middle East  / North Africa			638		492		2,016		1,485
Exploration			108		130		622		421
Chemical			165		116		357		234
Midstream, marketing and other			440		388		1,558		1,089
Corporate			25		11		91		50
	TOTAL	$	2,510	$	2,549	$	10,226	$	7,518
Depreciation, Depletion &		Fourth Quarter				Twelve Months
Amortization of Assets ($MM)		2012		2011		2012		2011
Oil & Gas
Domestic		$	628	$	489	$	2,412	$	1,754
Latin America			31		23		117		90
Middle East  / North Africa			385		300		1,404		1,220
Chemical			88		81		345		330
Midstream, marketing and other			52		39		206		173
Corporate			7		6		27		24
	TOTAL	$	1,191	$	938	$	4,511	$	3,591

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Investor Relations Supplemental Schedules

OCCIDENTAL PETROLEUM
CORPORATE
($ millions)
	31-Dec-12			31-Dec-11
CAPITALIZATION
Long-Term Debt (including short-term borrowings)		$	7,623		$	5,871
EQUITY		$	40,048		$	37,620
Total Debt To Total Capitalization			16%			13%

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