EXHIBIT 99.3
Investor Relations Supplemental Schedules
Investor Relations Supplemental Schedules | |||
Summary | |||
($ Millions, except per share amounts) | |||
1Q 2013 | 1Q 2012 | ||
Core Results | $1,359 | $1,560 | |
EPS - Diluted | $1.69 | $1.92 | |
Reported Net Income | $1,355 | $1,559 | |
EPS - Diluted | $1.68 | $1.92 | |
Total Worldwide Sales Volumes (mboe/day) | 746 | 745 | |
Total Worldwide Production Volumes (mboe/day) | 763 | 755 | |
Total Worldwide Crude Oil Realizations ($/BBL) | $98.07 | $107.98 | |
Total Worldwide NGL Realizations ($/BBL) | $40.27 | $52.51 | |
Domestic Natural Gas Realizations ($/MCF) | $3.08 | $2.84 | |
Wtd. Average Basic Shares O/S (mm) | 804.7 | 810.5 | |
Wtd. Average Diluted Shares O/S (mm) | 805.2 | 811.3 | |
Cash Flow from Operations | $ 2,700 | $ 2,800 |
1
Investor Relations Supplemental Schedules
OCCIDENTAL PETROLEUM | |||||||||||||
2013 First Quarter | |||||||||||||
Net Income (Loss) | |||||||||||||
($ millions, except per share amounts) | |||||||||||||
Reported | Core | ||||||||||||
Income | Significant Items Affecting Income | Results | |||||||||||
Oil & Gas | $ | 1,920 | $ | 1,920 | |||||||||
Chemical | 159 | 159 | |||||||||||
Midstream, marketing and other | 215 | 215 | |||||||||||
Corporate | |||||||||||||
Interest expense, net | (30 | ) | (30 | ) | |||||||||
Other | (61 | ) | (61 | ) | |||||||||
Taxes | (844 | ) | (844 | ) | |||||||||
Income from continuing operations | 1,359 | - | 1,359 | ||||||||||
Discontinued operations, net of tax | (4 | ) | 4 | Discontinued operations, net | - | ||||||||
Net Income | $ | 1,355 | $ | 4 | $ | 1,359 | |||||||
Basic Earnings Per Common Share | |||||||||||||
Income from continuing operations | $ | 1.69 | |||||||||||
Discontinued operations, net | (0.01 | ) | |||||||||||
Net Income | $ | 1.68 | $ | 1.69 | |||||||||
Diluted Earnings Per Common Share | |||||||||||||
Income from continuing operations | $ | 1.69 | |||||||||||
Discontinued operations, net | (0.01 | ) | |||||||||||
Net Income | $ | 1.68 | $ | 1.69 |
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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 |
3
Investor Relations Supplemental Schedules
OCCIDENTAL PETROLEUM | |||||||||||||
2012 First Quarter | |||||||||||||
Net Income (Loss) | |||||||||||||
($ millions, except per share amounts) | |||||||||||||
Reported | Core | ||||||||||||
Income | Significant Items Affecting Income | Results | |||||||||||
Oil & Gas | $ | 2,504 | $ | 2,504 | |||||||||
Chemical | 184 | 184 | |||||||||||
Midstream, marketing and other | 131 | 131 | |||||||||||
Corporate | |||||||||||||
Interest expense, net | (28 | ) | (28 | ) | |||||||||
Other | (92 | ) | (92 | ) | |||||||||
Taxes | (1,139 | ) | (1,139 | ) | |||||||||
Income from continuing operations | 1,560 | - | 1,560 | ||||||||||
Discontinued operations, net of tax | (1 | ) | 1 | Discontinued operations, net | - | ||||||||
Net Income | $ | 1,559 | $ | 1 | $ | 1,560 | |||||||
Basic Earnings Per Common Share | |||||||||||||
Income from continuing operations | $ | 1.92 | |||||||||||
Discontinued operations, net | - | ||||||||||||
Net Income | $ | 1.92 | $ | 1.92 | |||||||||
Diluted Earnings Per Common Share | |||||||||||||
Income from continuing operations | $ | 1.92 | |||||||||||
Discontinued operations, net | - | ||||||||||||
Net Income | $ | 1.92 | $ | 1.92 |
4
Investor Relations Supplemental Schedules
OCCIDENTAL PETROLEUM | ||||||||
Worldwide Effective Tax Rate | ||||||||
QUARTERLY | ||||||||
2013 | 2012 | 2012 | ||||||
REPORTED INCOME | QTR 1 | QTR 4 | QTR 1 | |||||
Oil & Gas | 1,920 | 522 | 2,504 | |||||
Chemical | 159 | 180 | 184 | |||||
Midstream, marketing and other | 215 | 75 | 131 | |||||
Corporate & other | (91 | ) | (164 | ) | (120 | ) | ||
Pre-tax income | 2,203 | 613 | 2,699 | |||||
Income tax expense | ||||||||
Federal and state | 292 | (293 | ) | 446 | ||||
Foreign | 552 | 542 | 693 | |||||
Total | 844 | 249 | 1,139 | |||||
Income from continuing operations | 1,359 | 364 | 1,560 | |||||
Worldwide effective tax rate | 38% | 41% | 42% | |||||
2013 | 2012 | 2012 | ||||||
CORE RESULTS | QTR 1 | QTR 4 | QTR 1 | |||||
Oil & Gas | 1,920 | 2,253 | 2,504 | |||||
Chemical | 159 | 180 | 184 | |||||
Midstream, marketing and other | 215 | 75 | 131 | |||||
Corporate & other | (91 | ) | (144 | ) | (120 | ) | ||
Pre-tax income | 2,203 | 2,364 | 2,699 | |||||
Income tax expense | ||||||||
Federal and state | 292 | 343 | 446 | |||||
Foreign | 552 | 542 | 693 | |||||
Total | 844 | 885 | 1,139 | |||||
Core results | 1,359 | 1,479 | 1,560 | |||||
Worldwide effective tax rate | 38% | 37% | 42% |
5
Investor Relations Supplemental Schedules
OCCIDENTAL PETROLEUM | ||||||||||||
2013 First Quarter Net Income (Loss) | ||||||||||||
Reported Income Comparison | ||||||||||||
First | Fourth | |||||||||||
Quarter | Quarter | |||||||||||
2013 | 2012 | B / (W) | ||||||||||
Oil & Gas | $ | 1,920 | $ | 522 | $ | 1,398 | ||||||
Chemical | 159 | 180 | (21 | ) | ||||||||
Midstream, marketing and other | 215 | 75 | 140 | |||||||||
Corporate | ||||||||||||
Interest expense, net | (30 | ) | (30 | ) | - | |||||||
Other | (61 | ) | (134 | ) | 73 | |||||||
Taxes | (844 | ) | (249 | ) | (595 | ) | ||||||
Income from continuing operations | 1,359 | 364 | 995 | |||||||||
Discontinued operations, net | (4 | ) | (28 | ) | 24 | |||||||
Net Income | $ | 1,355 | $ | 336 | $ | 1,019 | ||||||
Earnings Per Common Share | ||||||||||||
Basic | $ | 1.68 | $ | 0.42 | $ | 1.26 | ||||||
Diluted | $ | 1.68 | $ | 0.42 | $ | 1.26 | ||||||
Worldwide Effective Tax Rate | 38% | 41% | 3% | |||||||||
OCCIDENTAL PETROLEUM | ||||||||||||
2013 First Quarter Net Income (Loss) | ||||||||||||
Core Results Comparison | ||||||||||||
First | Fourth | |||||||||||
Quarter | Quarter | |||||||||||
2013 | 2012 | B / (W) | ||||||||||
Oil & Gas | $ | 1,920 | $ | 2,253 | $ | (333 | ) | |||||
Chemical | 159 | 180 | (21 | ) | ||||||||
Midstream, marketing and other | 215 | 75 | 140 | |||||||||
Corporate | ||||||||||||
Interest expense, net | (30 | ) | (30 | ) | - | |||||||
Other | (61 | ) | (114 | ) | 53 | |||||||
Taxes | (844 | ) | (885 | ) | 41 | |||||||
Core Results | $ | 1,359 | $ | 1,479 | $ | (120 | ) | |||||
Core Results Per Common Share | ||||||||||||
Basic | $ | 1.69 | $ | 1.83 | $ | (0.14 | ) | |||||
Diluted | $ | 1.69 | $ | 1.83 | $ | (0.14 | ) | |||||
Worldwide Effective Tax Rate | 38% | 37% | -1% |
6
Investor Relations Supplemental Schedules
7
Investor Relations Supplemental Schedules
OCCIDENTAL PETROLEUM | ||||||||||||
2013 First Quarter Net Income (Loss) | ||||||||||||
Reported Income Comparison | ||||||||||||
First | First | |||||||||||
Quarter | Quarter | |||||||||||
2013 | 2012 | B / (W) | ||||||||||
Oil & Gas | $ | 1,920 | $ | 2,504 | $ | (584 | ) | |||||
Chemical | 159 | 184 | (25 | ) | ||||||||
Midstream, marketing and other | 215 | 131 | 84 | |||||||||
Corporate | ||||||||||||
Interest expense, net | (30 | ) | (28 | ) | (2 | ) | ||||||
Other | (61 | ) | (92 | ) | 31 | |||||||
Taxes | (844 | ) | (1,139 | ) | 295 | |||||||
Income from continuing operations | 1,359 | 1,560 | (201 | ) | ||||||||
Discontinued operations, net | (4 | ) | (1 | ) | (3 | ) | ||||||
Net Income | $ | 1,355 | $ | 1,559 | $ | (204 | ) | |||||
Earnings Per Common Share | ||||||||||||
Basic | $ | 1.68 | $ | 1.92 | $ | (0.24 | ) | |||||
Diluted | $ | 1.68 | $ | 1.92 | $ | (0.24 | ) | |||||
Worldwide Effective Tax Rate | 38% | 42% | 4% | |||||||||
OCCIDENTAL PETROLEUM | ||||||||||||
2013 First Quarter Net Income (Loss) | ||||||||||||
Core Results Comparison | ||||||||||||
First | First | |||||||||||
Quarter | Quarter | |||||||||||
2013 | 2012 | B / (W) | ||||||||||
Oil & Gas | $ | 1,920 | $ | 2,504 | $ | (584 | ) | |||||
Chemical | 159 | 184 | (25 | ) | ||||||||
Midstream, marketing and other | 215 | 131 | 84 | |||||||||
Corporate | ||||||||||||
Interest expense, net | (30 | ) | (28 | ) | (2 | ) | ||||||
Other | (61 | ) | (92 | ) | 31 | |||||||
Taxes | (844 | ) | (1,139 | ) | 295 | |||||||
Core Results | $ | 1,359 | $ | 1,560 | $ | (201 | ) | |||||
Core Results Per Common Share | ||||||||||||
Basic | $ | 1.69 | $ | 1.92 | $ | (0.23 | ) | |||||
Diluted | $ | 1.69 | $ | 1.92 | $ | (0.23 | ) | |||||
Worldwide Effective Tax Rate | 38% | 42% | 4% |
8
Investor Relations Supplemental Schedules
9
Investor Relations Supplemental Schedules
OCCIDENTAL PETROLEUM | |||||||
SUMMARY OF OPERATING STATISTICS | |||||||
First Quarter | |||||||
2013 | 2012 | ||||||
NET PRODUCTION PER DAY: | |||||||
United States | |||||||
Oil (MBBL) | |||||||
California | 88 | 86 | |||||
Permian | 148 | 139 | |||||
Midcontinent and other | 28 | 19 | |||||
Total | 264 | 244 | |||||
NGLs (MBBL) | |||||||
California | 20 | 15 | |||||
Permian | 40 | 39 | |||||
Midcontinent and other | 18 | 18 | |||||
Total | 78 | 72 | |||||
Natural Gas (MMCF) | |||||||
California | 260 | 267 | |||||
Permian | 174 | 155 | |||||
Midcontinent and other | 383 | 412 | |||||
Total | 817 | 834 | |||||
Latin America | |||||||
Oil (MBBL) | Colombia | 29 | 24 | ||||
Natural Gas (MMCF) | Bolivia | 13 | 14 | ||||
Middle East / North Africa | |||||||
Oil (MBBL) | |||||||
Bahrain | 3 | 4 | |||||
Dolphin | 6 | 8 | |||||
Oman | 65 | 64 | |||||
Qatar | 59 | 72 | |||||
Other | 42 | 42 | |||||
Total | 175 | 190 | |||||
NGLs (MBBL) | Dolphin | 7 | 9 | ||||
Total | 7 | 9 | |||||
Natural Gas (MMCF) | |||||||
Bahrain | 244 | 219 | |||||
Dolphin | 134 | 173 | |||||
Oman | 54 | 57 | |||||
Total | 432 | 449 | |||||
Barrels of Oil Equivalent (MBOE) | 763 | 755 |
10
Investor Relations Supplemental Schedules
OCCIDENTAL PETROLEUM | |||||||
SUMMARY OF OPERATING STATISTICS | |||||||
First Quarter | |||||||
2013 | 2012 | ||||||
NET SALES VOLUMES PER DAY: | |||||||
United States | |||||||
Oil (MBBL) | 264 | 244 | |||||
NGLs (MBBL) | 78 | 72 | |||||
Natural Gas (MMCF) | 819 | 834 | |||||
Latin America | |||||||
Oil (MBBL) | 30 | 24 | |||||
Natural Gas (MMCF) | 13 | 14 | |||||
Middle East / North Africa | |||||||
Oil (MBBL) | |||||||
Bahrain | 3 | 4 | |||||
Dolphin | 6 | 8 | |||||
Oman | 72 | 64 | |||||
Qatar | 51 | 70 | |||||
Other | 24 | 34 | |||||
Total | 156 | 180 | |||||
NGLs (MBBL) | Dolphin | 7 | 9 | ||||
Total | 7 | 9 | |||||
Natural Gas (MMCF) | 432 | 449 | |||||
Barrels of Oil Equivalent (MBOE) | 746 | 745 |
11
Investor Relations Supplemental Schedules
OCCIDENTAL PETROLEUM | |||||||||
SUMMARY OF OPERATING STATISTICS | |||||||||
First Quarter | |||||||||
2013 | 2012 | ||||||||
OIL & GAS: | |||||||||
PRICES | |||||||||
United States | |||||||||
Oil ($/BBL) | 91.57 | 103.52 | |||||||
NGLs ($/BBL) | 40.59 | 53.95 | |||||||
Natural gas ($/MCF) | 3.08 | 2.84 | |||||||
Latin America | |||||||||
Oil ($/BBL) | 107.18 | 103.31 | |||||||
Natural Gas ($/MCF) | 11.60 | 11.63 | |||||||
Middle East / North Africa | |||||||||
Oil ($/BBL) | 107.52 | 114.80 | |||||||
NGLs ($/BBL) | 36.56 | 40.77 | |||||||
Total Worldwide | |||||||||
Oil ($/BBL) | 98.07 | 107.98 | |||||||
NGLs ($/BBL) | 40.27 | 52.51 | |||||||
Natural Gas ($/MCF) | 2.37 | 2.22 | |||||||
First Quarter | |||||||||
2013 | 2012 | ||||||||
Exploration Expense | |||||||||
United States | $ | 40 | $ | 61 | |||||
Middle East / North Africa | 10 | 37 | |||||||
TOTAL REPORTED | $ | 50 | $ | 98 |
12
Investor Relations Supplemental Schedules
OCCIDENTAL PETROLEUM | ||||||||
SUMMARY OF OPERATING STATISTICS | ||||||||
First Quarter | ||||||||
Capital Expenditures ($MM) | 2013 | 2012 | ||||||
Oil & Gas | ||||||||
California | $ | 317 | $ | 523 | ||||
Permian | 435 | 429 | ||||||
Midcontinent and other | 218 | 424 | ||||||
Latin America | 70 | 42 | ||||||
Middle East / North Africa | 547 | 428 | ||||||
Exploration | 78 | 171 | ||||||
Chemical | 65 | 42 | ||||||
Midstream, marketing and other | 320 | 332 | ||||||
Corporate | 20 | 21 | ||||||
TOTAL | $ | 2,070 | $ | 2,412 | ||||
Depreciation, Depletion & | First Quarter | |||||||
Amortization of Assets ($MM) | 2013 | 2012 | ||||||
Oil & Gas | ||||||||
Domestic | $ | 740 | $ | 588 | ||||
Latin America | 30 | 25 | ||||||
Middle East / North Africa | 345 | 335 | ||||||
Chemical | 85 | 85 | ||||||
Midstream, marketing and other | 50 | 46 | ||||||
Corporate | 9 | 6 | ||||||
TOTAL | $ | 1,259 | $ | 1,085 |
13
Investor Relations Supplemental Schedules
OCCIDENTAL PETROLEUM | ||||||||||||
CORPORATE | ||||||||||||
($ millions) | ||||||||||||
31-Mar-13 | 31-Dec-12 | |||||||||||
CAPITALIZATION | ||||||||||||
Long-Term Debt (including current maturities) | $ | 7,624 | $ | 7,623 | ||||||||
EQUITY | $ | 40,940 | $ | 40,048 | ||||||||
Total Debt To Total Capitalization | 16% | 16% |
14