Exhibit 99.3
Investor Relations Supplemental Schedules
Investor Relations Supplemental Schedules
Summary
($ Millions)
|
| 4Q 2007 |
| 4Q 2006 |
|
Reported Net Income |
| $1,452 |
| $930 |
|
| $1.74 |
| $1.09 |
| |
|
|
|
|
|
|
Core Results |
| $1,464 |
| $784 |
|
EPS - Diluted |
| $1.76 |
| $0.92 |
|
|
|
|
|
|
|
Total Worldwide Production (mboe/day) |
| 590 |
| 561 |
|
|
|
|
|
|
|
Total Worldwide Crude Oil Realizations ($/BBL) |
| $80.30 |
| $52.55 |
|
Domestic Natural Gas Realizations ($/MCF) |
| $6.77 |
| $5.63 |
|
|
|
|
|
|
|
Wtd. Average Basic Shares O/S (mm) |
| 828.4 |
| 846.4 |
|
Wtd. Average Diluted Shares O/S (mm) |
| 833.1 |
| 852.6 |
|
|
| YTD 2007 |
| YTD 2006 |
|
Reported Net Income |
| $5,400 |
| $4,191 |
|
EPS - Diluted |
| $6.44 |
| $4.87 |
|
|
|
|
|
|
|
Core Results |
| $4,405 |
| $4,116 |
|
EPS - Diluted |
| $5.25 |
| $4.78 |
|
|
|
|
|
|
|
Total Worldwide Production (mboe/day) |
| 570 |
| 545 |
|
|
|
|
|
|
|
Total Worldwide Crude Oil Realizations ($/BBL) |
| $64.77 |
| $57.81 |
|
Domestic Natural Gas Realizations ($/MCF) |
| $6.53 |
| $6.49 |
|
|
|
|
|
|
|
Wtd. Average Basic Shares O/S (mm) |
| 834.9 |
| 852.6 |
|
Wtd. Average Diluted Shares O/S (mm) |
| 839.1 |
| 860.4 |
|
Shares Outstanding (mm) |
| 825.7 |
| 839.9 |
|
|
|
|
|
|
|
Cash Flow from Operations |
| $6,800 |
| $6,400 |
|
1
Investor Relations Supplemental Schedules
OCCIDENTAL PETROLEUM
2007 Fourth Quarter
Net Income (Loss)
($ millions)
|
| Reported |
| Significant Items Affecting Income |
| Core Results |
| |||
Oil & Gas |
| $2,599 |
|
|
| $2,599 |
| |||
|
|
|
|
|
|
|
|
|
|
|
Chemical |
| 94 |
|
|
|
|
|
| 94 |
|
|
|
|
|
|
|
|
|
|
|
|
Corporate |
|
|
|
|
|
|
|
|
|
|
Interest expense, net |
| (13 | ) |
|
|
|
|
| (13 | ) |
|
|
|
|
|
|
|
|
|
|
|
Other |
| (175 | ) | 25 |
|
| Severance |
| (150 | ) |
|
|
|
|
|
|
|
|
|
|
|
Taxes |
| (1,057 | ) | (9 | ) |
| Tax effect of adjustments |
| (1,066 | ) |
|
|
|
|
|
|
|
|
|
|
|
Income from continuing operations |
| 1,448 |
| 16 |
|
|
|
| 1,464 |
|
Discontinued operations, net of tax |
| 4 |
| (4 | ) |
| Discontinued operations, net |
| — |
|
Net Income |
| $1,452 |
| $12 |
|
|
|
| $1,464 |
|
|
|
|
|
|
|
|
|
|
|
|
Basic Earnings Per Common Share |
|
|
|
|
|
|
|
|
|
|
Income from continuing operations |
| $1.75 |
|
|
|
|
|
|
|
|
Discontinued operations, net |
| — |
|
|
|
|
|
|
|
|
Net Income |
| $1.75 |
|
|
|
|
|
| $1.77 |
|
|
|
|
|
|
|
|
|
|
|
|
Diluted Earnings Per Common Share |
|
|
|
|
|
|
|
|
|
|
Income from continuing operations |
| $1.74 |
|
|
|
|
|
|
|
|
Discontinued operations, net |
| — |
|
|
|
|
|
|
|
|
Net Income |
| $1.74 |
|
|
|
|
|
| $1.76 |
|
2
Investor Relations Supplemental Schedules
OCCIDENTAL PETROLEUM
2006 Fourth Quarter
Net Income (Loss)
($ millions)
|
| Reported |
| Significant Items Affecting Incomes |
| Core |
| |||
Oil & Gas |
| $1,422 |
|
|
|
|
| $1,422 |
| |
|
|
|
|
|
|
|
|
|
| |
Chemical |
| 157 |
|
|
|
|
| 157 |
| |
|
|
|
|
|
|
|
|
|
| |
Corporate |
|
|
|
|
|
|
|
|
| |
Interest expense, net |
| (51 | ) | 31 |
| Debt purchases |
| (20 | ) | |
|
|
|
|
|
|
|
|
|
| |
Other |
| 113 |
| (90 | ) | Sale of Lyondell shares |
| (85 | ) | |
|
|
|
| (108 | ) | Litigation settlements |
|
|
| |
|
|
|
|
|
|
|
|
|
| |
Taxes |
| (771 | ) | 40 |
| Deferred tax write-off due to |
| (690 | ) | |
|
|
|
|
|
| compensation program changes |
|
|
| |
|
|
|
|
|
|
|
|
|
| |
|
|
|
| 41 |
| Tax effect of adjustments |
|
|
| |
|
|
|
|
|
|
|
|
|
| |
Income from continuing operations |
| 870 |
| (86 | ) |
|
| 784 |
| |
Discontinued operations, net of tax |
| 60 |
| (60 | ) | Discontinued operations, net |
| — |
| |
Net Income |
| $930 |
| $(146 | ) |
|
| $784 |
| |
|
|
|
|
|
|
|
|
|
| |
Basic Earnings Per Common Share |
|
|
|
|
|
|
|
|
| |
Income from continuing operations |
| $1.03 |
|
|
|
|
|
|
| |
Discontinued operations, net of tax |
| 0.07 |
|
|
|
|
|
|
| |
Net Income |
| $1.10 |
|
|
|
|
| $0.93 |
| |
|
|
|
|
|
|
|
|
|
| |
Diluted Earnings Per Common Share |
|
|
|
|
|
|
|
|
| |
Income from continuing operations |
| $1.02 |
|
|
|
|
|
|
| |
Discontinued operations, net of tax |
| 0.07 |
|
|
|
|
|
|
| |
Net Income |
| $1.09 |
|
|
|
|
| $0.92 |
| |
3
Investor Relations Supplemental Schedules
OCCIDENTAL PETROLEUM
2007 Twelve Months
Net Income (Loss)
($ millions)
|
| Reported |
| Significant Items Affecting Income |
| Core |
| ||
Oil & Gas |
| $8,318 |
| $(412 | ) | Sale of Russia |
| $7,730 |
|
|
|
|
| (112 | ) | Litigation settlements |
|
|
|
|
|
|
| (35 | ) | Sale of oil & gas interests |
|
|
|
|
|
|
| 74 |
| Exploration impairments |
|
|
|
|
|
|
| (103 | ) | Sale of exploration properties |
|
|
|
|
|
|
|
|
|
|
|
|
|
Chemical |
| 601 |
|
|
|
|
| 601 |
|
|
|
|
|
|
|
|
|
|
|
Corporate |
|
|
|
|
|
|
|
|
|
Interest expense, net |
| (199 | ) | 167 |
| Debt purchases |
| (32 | ) |
|
|
|
|
|
|
|
|
|
|
Other |
| (135 | ) | 47 |
| Plant closure |
| (389 | ) |
|
|
|
| (326 | ) | Sale of Lyondell shares |
|
|
|
|
|
|
| 25 |
| Severance |
|
|
|
|
|
|
|
|
|
|
|
|
|
Taxes |
| (3,507 | ) | 2 |
| Tax effect of adjustments |
| (3,505 | ) |
|
|
|
|
|
|
|
|
|
|
Income from continuing operations |
| 5,078 |
| (673 | ) |
|
| 4,405 |
|
Discontinued operations, net of tax |
| 322 |
| (322 | ) | Discontinued operations |
| — |
|
Net Income |
| $5,400 |
| $(995 | ) |
|
| $4,405 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic Earnings Per Common Share |
|
|
|
|
|
|
|
|
|
Income from continuing operations |
| $6.08 |
|
|
|
|
|
|
|
Discontinued operations, net |
| 0.39 |
|
|
|
|
|
|
|
Net Income |
| $6.47 |
|
|
|
|
| $5.28 |
|
|
|
|
|
|
|
|
|
|
|
Diluted Earnings Per Common Share |
|
|
|
|
|
|
|
|
|
Income from continuing operations |
| $6.05 |
|
|
|
|
|
|
|
Discontinued operations, net |
| 0.39 |
|
|
|
|
|
|
|
Net Income |
| $6.44 |
|
|
|
|
| $5.25 |
|
4
Investor Relations Supplemental Schedules
OCCIDENTAL PETROLEUM
2006 Twelve Months
Net Income (Loss)
($ millions)
|
| Reported |
| Significant Items Affecting Income |
| Core Results |
| ||||
Oil & Gas |
| $6,880 |
|
|
|
|
| $6,880 |
| ||
|
|
|
|
|
|
|
|
|
| ||
Chemical |
| 906 |
|
|
|
|
| 906 |
| ||
|
|
|
|
|
|
|
|
|
| ||
Corporate |
|
|
|
|
|
|
|
|
| ||
Interest expense, net |
| (131 | ) | 31 |
| Debt purchases |
| (100 | ) | ||
|
|
|
|
|
|
|
|
|
| ||
Other |
| (99 | ) | (90 | ) | Sale of Lyondell shares |
| (297 | ) | ||
|
|
|
| (108 | ) | Litigation settlements |
|
|
| ||
|
|
|
|
|
|
|
|
|
| ||
Taxes |
| (3,354
| )
| 40
|
| Deferred tax write-off due to compensation program changes |
| (3,273
| )
| ||
|
|
|
| 41 |
| Tax effect of adjustments |
|
|
| ||
|
|
|
|
|
|
|
|
|
| ||
Income from continuing operations |
| 4,202 |
| (86 | ) |
|
| 4,116 |
| ||
Discontinued operations, net of tax |
| (11 | ) | 11 |
| Discontinued operations, net |
| — |
| ||
Net Income |
| $4,191 |
| $(75 | ) |
|
| $4,116 |
| ||
|
|
|
|
|
|
|
|
|
| ||
Basic Earnings Per Common Share |
|
|
|
|
|
|
|
|
| ||
Income from continuing operations |
| $4.93 |
|
|
|
|
|
|
| ||
Discontinued operations, net of tax |
| (0.01 | ) |
|
|
|
|
|
| ||
Net Income |
| $4.92 |
|
|
|
|
| $4.83 |
| ||
|
|
|
|
|
|
|
|
|
| ||
Diluted Earnings Per Common Share |
|
|
|
|
|
|
|
|
| ||
Income from continuing operations |
| $4.88 |
|
|
|
|
|
|
| ||
Discontinued operations, net of tax |
| (0.01 | ) |
|
|
|
|
|
| ||
Net Income |
| $4.87 |
|
|
|
|
| $4.78 |
| ||
5
Investor Relations Supplemental Schedules
OCCIDENTAL PETROLEUM
Items Affecting Comparability of Core Results Between Periods
The item(s) below are included in core results and are shown in this table because they affect the comparability between periods.
Pre-tax |
|
|
|
|
|
|
|
|
|
Income / (Expense) |
| Fourth Quarter |
| Twelve Months |
| ||||
|
| 2007 |
| 2006 |
| 2007 |
| 2006 |
|
Corporate |
|
|
|
|
|
|
|
|
|
Environmental remediation |
| (36 | ) | (23 | ) | (60 | ) | (47 | ) |
6
Investor Relations Supplemental Schedules
OCCIDENTAL PETROLEUM
Worldwide Effective Tax Rate
|
| QUARTERLY |
| YEAR TO-DATE |
| ||||||
|
| 2007 |
| 2007 |
| 2006 |
| 2007 |
| 2006 |
|
REPORTED INCOME |
| QTR 4 |
| QTR 3 |
| QTR 4 |
| 12 Months |
| 12 Months |
|
Oil & Gas (a) |
| 2,599 |
| 2,029 |
| 1,422 |
| 8,318 |
| 6,880 |
|
Chemicals |
| 94 |
| 212 |
| 157 |
| 601 |
| 906 |
|
Corporate & other |
| (188 | ) | (63 | ) | 62 |
| (334 | ) | (230 | ) |
Pre-tax income |
| 2,505 |
| 2,178 |
| 1,641 |
| 8,585 |
| 7,556 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Income tax expense |
|
|
|
|
|
|
|
|
|
|
|
Federal and state |
| 473 |
| 363 |
| 374 |
| 1,558 |
| 1,625 |
|
Foreign (a) |
| 584 |
| 499 |
| 397 |
| 1,949 |
| 1,729 |
|
Total |
| 1,057 |
| 862 |
| 771 |
| 3,507 |
| 3,354 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Income from continuing operations |
| 1,448 |
| 1,316 |
| 870 |
| 5,078 |
| 4,202 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Worldwide effective tax rate |
| 42 | % | 40 | % | 47 | % | 41 | % | 44 | % |
|
| 2007 |
| 2007 |
| 2006 |
| 2007 |
| 2006 |
|
CORE RESULTS |
| QTR 4 |
| QTR 3 |
| QTR 4 |
| 12 Months |
| 12 Months |
|
Oil & Gas (a) |
| 2,599 |
| 1,988 |
| 1,422 |
| 7,730 |
| 6,880 |
|
Chemicals |
| 94 |
| 212 |
| 157 |
| 601 |
| 906 |
|
Corporate & other |
| (163 | ) | (105 | ) | (105 | ) | (421 | ) | (397 | ) |
Pre-tax income |
| 2,530 |
| 2,095 |
| 1,474 |
| 7,910 |
| 7,389 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Income tax expense |
|
|
|
|
|
|
|
|
|
|
|
Federal and state |
| 482 |
| 386 |
| 293 |
| 1,556 |
| 1,544 |
|
Foreign (a) |
| 584 |
| 499 |
| 397 |
| 1,949 |
| 1,729 |
|
Total |
| 1,066 |
| 885 |
| 690 |
| 3,505 |
| 3,273 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Core results |
| 1,464 |
| 1,210 |
| 784 |
| 4,405 |
| 4,116 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Worldwide effective tax rate |
| 42 | % | 42 | % | 47 | % | 44 | % | 44 | % |
(a) Revenues and income tax expense include taxes owed by Occidental but paid by governmental entities on its behalf. Oil and gas pre-tax income includes the following revenue amounts by periods.
|
| 2007 |
| 2007 |
| 2006 |
| 2007 |
| 2006 |
|
|
| QTR 4 |
| QTR 3 |
| QTR 4 |
| 12 Months |
| 12 Months |
|
|
| 406 |
| 331 |
| 252 |
| 1,325 |
| 1,123 |
|
7
Investor Relations Supplemental Schedules
OCCIDENTAL PETROLEUM
2007 Fourth Quarter Net Income (Loss)
Reported Income Comparison
|
| Fourth |
| Third |
|
|
| |||
|
| Quarter |
| Quarter |
|
|
| |||
|
| 2007 |
| 2007 |
| B / (W) |
| |||
Oil & Gas |
| $ | 2,599 |
| $ | 2,029 |
| $ | 570 |
|
|
|
|
|
|
|
|
| |||
Chemical |
| 94 |
| 212 |
| (118 | ) | |||
|
|
|
|
|
|
|
| |||
Corporate |
|
|
|
|
|
|
| |||
|
|
|
|
|
|
|
| |||
Interest expense, net |
| (13 | ) | (11 | ) | (2 | ) | |||
|
|
|
|
|
|
|
| |||
Other |
| (175 | ) | (52 | ) | (123 | ) | |||
|
|
|
|
|
|
|
| |||
Taxes |
| (1,057 | ) | (862 | ) | (195 | ) | |||
|
|
|
|
|
|
|
| |||
Income from continuing operations |
| 1,448 |
| 1,316 |
| 132 |
| |||
|
|
|
|
|
|
|
| |||
Discontinued operations, net |
| 4 |
| 8 |
| (4 | ) | |||
|
|
|
|
|
|
|
| |||
Net Income |
| $ | 1,452 |
| $ | 1,324 |
| $ | 128 |
|
|
|
|
|
|
|
|
| |||
Earnings Per Common Share |
|
|
|
|
|
|
| |||
Basic |
| $ | 1.75 |
| $ | 1.59 |
| $ | 0.16 |
|
Diluted |
| $ | 1.74 |
| $ | 1.58 |
| $ | 0.16 |
|
|
|
|
|
|
|
|
| |||
|
|
|
|
|
|
|
| |||
Worldwide Effective Tax Rate |
| 42 | % | 40 | % | -2 | % |
|
|
OCCIDENTAL PETROLEUM
2007 Fourth Quarter Net Income (Loss)
Core Results Comparison
|
| Fourth |
| Third |
|
|
| |||
|
| Quarter |
| Quarter |
|
|
| |||
|
| 2007 |
| 2007 |
| B / (W) |
| |||
Oil & Gas |
| $ | 2,599 |
| $ | 1,988 |
| $ | 611 |
|
|
|
|
|
|
|
|
| |||
Chemical |
| 94 |
| 212 |
| (118 | ) | |||
|
|
|
|
|
|
|
| |||
Corporate |
|
|
|
|
|
|
| |||
|
|
|
|
|
|
|
| |||
Interest expense, net |
| (13 | ) | (11 | ) | (2 | ) | |||
|
|
|
|
|
|
|
| |||
Other |
| (150 | ) | (94 | ) | (56 | ) | |||
|
|
|
|
|
|
|
| |||
Taxes |
| (1,066 | ) | (885 | ) | (181 | ) | |||
|
|
|
|
|
|
|
| |||
Core Results |
| $ | 1,464 |
| $ | 1,210 |
| $ | 254 |
|
|
|
|
|
|
|
|
| |||
Core Results Per Common Share |
|
|
|
|
|
|
| |||
Basic |
| $ | 1.77 |
| $ | 1.45 |
| $ | 0.32 |
|
Diluted |
| $ | 1.76 |
| $ | 1.45 |
| $ | 0.31 |
|
|
|
|
|
|
|
|
| |||
Worldwide Effective Tax Rate |
| 42 | % | 42 | % | 0 | % |
8
Investor Relations Supplemental Schedules
9
Investor Relations Supplemental Schedules
OCCIDENTAL PETROLEUM
2007 Fourth Quarter Net Income (Loss)
Reported Income Comparison
|
| Fourth |
| Fourth |
|
|
| |||
|
| Quarter |
| Quarter |
|
|
| |||
|
| 2007 |
| 2006 |
| B / (W) |
| |||
Oil & Gas |
| $ | 2,599 |
| $ | 1,422 |
| $ | 1,177 |
|
|
|
|
|
|
|
|
| |||
Chemical |
| 94 |
| 157 |
| (63 | ) | |||
|
|
|
|
|
|
|
| |||
Corporate |
|
|
|
|
|
|
| |||
|
|
|
|
|
|
|
| |||
Interest expense, net |
| (13 | ) | (51 | ) | 38 |
| |||
|
|
|
|
|
|
|
| |||
Other |
| (175 | ) | 113 |
| (288 | ) | |||
|
|
|
|
|
|
|
| |||
Taxes |
| (1,057 | ) | (771 | ) | (286 | ) | |||
|
|
|
|
|
|
|
| |||
Income from continuing operations |
| 1,448 |
| 870 |
| 578 |
| |||
|
|
|
|
|
|
|
| |||
Discontinued operations, net |
| 4 |
| 60 |
| (56 | ) | |||
|
|
|
|
|
|
|
| |||
Net Income |
| $ | 1,452 |
| $ | 930 |
| $ | 522 |
|
|
|
|
|
|
|
|
| |||
Earnings Per Common Share |
|
|
|
|
|
|
| |||
Basic |
| $ | 1.75 |
| $ | 1.10 |
| $ | 0.65 |
|
Diluted |
| $ | 1.74 |
| $ | 1.09 |
| $ | 0.65 |
|
|
|
|
|
|
|
|
| |||
Worldwide Effective Tax Rate |
| 42 | % | 47 | % | 5 | % | |||
|
|
|
|
|
|
|
| |||
|
OCCIDENTAL PETROLEUM
2007 Fourth Quarter Net Income (Loss)
Core Results Comparison
|
| Fourth |
| Fourth |
|
|
| |||
|
| Quarter |
| Quarter |
|
|
| |||
|
| 2007 |
| 2006 |
| B / (W) |
| |||
Oil & Gas |
| $ | 2,599 |
| $ | 1,422 |
| $ | 1,177 |
|
|
|
|
|
|
|
|
| |||
Chemical |
| 94 |
| 157 |
| (63 | ) | |||
|
|
|
|
|
|
|
| |||
Corporate |
|
|
|
|
|
|
| |||
|
|
|
|
|
|
|
| |||
Interest expense, net |
| (13 | ) | (20 | ) | 7 |
| |||
|
|
|
|
|
|
|
| |||
Other |
| (150 | ) | (85 | ) | (65 | ) | |||
|
|
|
|
|
|
|
| |||
Taxes |
| (1,066 | ) | (690 | ) | (376 | ) | |||
|
|
|
|
|
|
|
| |||
Core Results |
| $ | 1,464 |
| $ | 784 |
| $ | 680 |
|
|
|
|
|
|
|
|
| |||
Core Results Per Common Share |
|
|
|
|
|
|
| |||
Basic |
| $ | 1.77 |
| $ | 0.93 |
| $ | 0.84 |
|
Diluted |
| $ | 1.76 |
| $ | 0.92 |
| $ | 0.84 |
|
|
|
|
|
|
|
|
| |||
Worldwide Effective Tax Rate |
| 42 | % | 47 | % | 5 | % |
10
Investor Relations Supplemental Schedules
11
Investor Relations Supplemental Schedules
OCCIDENTAL PETROLEUM
SUMMARY OF OPERATING STATISTICS
|
|
|
| Fourth Quarter |
| Twelve Months |
| ||||
|
|
|
| 2007 |
| 2006 |
| 2007 |
| 2006 |
|
|
|
|
|
|
|
|
|
|
|
|
|
NET PRODUCTION PER DAY: |
|
|
|
|
|
|
|
|
|
|
|
United States |
|
|
|
|
|
|
|
|
|
|
|
Crude Oil and Liquids (MBL) |
|
|
|
|
|
|
|
|
|
|
|
|
| California |
| 88 |
| 94 |
| 89 |
| 86 |
|
|
| Permian |
| 170 |
| 167 |
| 167 |
| 167 |
|
|
| Hugoton and other |
| 4 |
| 3 |
| 4 |
| 3 |
|
|
| Total |
| 262 |
| 264 |
| 260 |
| 256 |
|
Natural Gas (MMCF) |
|
|
|
|
|
|
|
|
|
|
|
|
| California |
| 250 |
| 261 |
| 254 |
| 256 |
|
|
| Hugoton and other |
| 148 |
| 142 |
| 153 |
| 138 |
|
|
| Permian |
| 180 |
| 190 |
| 186 |
| 194 |
|
|
| Total |
| 578 |
| 593 |
| 593 |
| 588 |
|
Latin America |
|
|
|
|
|
|
|
|
|
|
|
Crude Oil (MBL) |
|
|
|
|
|
|
|
|
|
|
|
|
| Argentina |
| 31 |
| 35 |
| 32 |
| 33 |
|
|
| Colombia |
| 41 |
| 44 |
| 42 |
| 38 |
|
|
| Total |
| 72 |
| 79 |
| 74 |
| 71 |
|
Natural Gas (MMCF) |
|
|
|
|
|
|
|
|
|
|
|
|
| Argentina |
| 19 |
| 17 |
| 22 |
| 17 |
|
|
| Bolivia |
| 22 |
| 18 |
| 18 |
| 17 |
|
|
| Total |
| 41 |
| 35 |
| 40 |
| 34 |
|
Middle East / North Africa |
|
|
|
|
|
|
|
|
|
|
|
Crude Oil (MBL) |
|
|
|
|
|
|
|
|
|
|
|
|
| Oman |
| 20 |
| 19 |
| 20 |
| 18 |
|
|
| Dolphin |
| 14 |
| — |
| 4 |
| — |
|
|
| Qatar |
| 52 |
| 44 |
| 48 |
| 43 |
|
|
| Yemen |
| 22 |
| 26 |
| 25 |
| 29 |
|
|
| Libya |
| 22 |
| 24 |
| 22 |
| 23 |
|
|
| Total |
| 130 |
| 113 |
| 119 |
| 113 |
|
Natural Gas (MMCF) |
|
|
|
|
|
|
|
|
|
|
|
|
| Oman |
| 30 |
| 25 |
| 30 |
| 30 |
|
|
| Dolphin |
| 133 |
| — |
| 51 |
| — |
|
|
| Total |
| 163 |
| 25 |
| 81 |
| 30 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Barrels of Oil Equivalent (MBOE) |
|
|
|
|
|
|
|
|
|
|
|
Subtotal consolidated subsidiaries |
|
|
| 594 |
| 565 |
| 573 |
| 549 |
|
Other interests |
|
|
|
|
|
|
|
|
|
|
|
Colombia - minority interest |
|
|
| (6 | ) | (6 | ) | (5 | ) | (5 | ) |
Yemen - Occidental net interest |
|
|
| 2 |
| 2 |
| 2 |
| 1 |
|
Total worldwide production - MBOE |
|
|
| 590 |
| 561 |
| 570 |
| 545 |
|
12
Investor Relations Supplemental Schedules
OCCIDENTAL PETROLEUM
SUMMARY OF OPERATING STATISTICS
|
| Fourth Quarter |
| Twelve Months |
| ||||||||
|
| 2007 |
| 2006 |
| 2007 |
| 2006 |
| ||||
|
|
|
|
|
|
|
|
|
| ||||
OIL & GAS: |
|
|
|
|
|
|
|
|
| ||||
PRICES |
|
|
|
|
|
|
|
|
| ||||
United States |
|
|
|
|
|
|
|
|
| ||||
Crude Oil ($/BBL) |
| 83.17 |
| 52.45 |
| 65.67 |
| 57.84 |
| ||||
Natural gas ($/MCF) |
| 6.77 |
| 5.63 |
| 6.53 |
| 6.49 |
| ||||
|
|
|
|
|
|
|
|
|
| ||||
Latin America |
|
|
|
|
|
|
|
|
| ||||
Crude Oil ($/BBL) |
| 67.92 |
| 46.80 |
| 56.66 |
| 52.40 |
| ||||
Natural Gas ($/MCF) |
| 3.69 |
| 2.26 |
| 2.66 |
| 2.00 |
| ||||
|
|
|
|
|
|
|
|
|
| ||||
Middle East / North Africa |
|
|
|
|
|
|
|
|
| ||||
Crude Oil ($/BBL) |
| 83.88 |
| 57.21 |
| 69.24 |
| 61.58 |
| ||||
|
|
|
|
|
|
|
|
|
| ||||
Total Worldwide |
|
|
|
|
|
|
|
|
| ||||
Crude Oil ($/BBL) |
| 80.30 |
| 52.55 |
| 64.77 |
| 57.81 |
| ||||
Natural Gas ($/MCF) |
| 5.41 |
| 5.27 |
| 5.68 |
| 6.00 |
| ||||
|
|
|
|
|
|
|
|
|
| ||||
|
| Fourth Quarter |
| Twelve Months |
| ||||||||
|
| 2007 |
| 2006 |
| 2007 |
| 2006 |
| ||||
|
|
|
|
|
|
|
|
|
| ||||
Exploration Expense |
|
|
|
|
|
|
|
|
| ||||
Domestic |
| $ | 21 |
| $ | 34 |
| $ | 121 |
| $ | 109 |
|
Latin America |
| 16 |
| 5 |
| 52 |
| 17 |
| ||||
Middle East / North Africa |
| 57 |
| 44 |
| 219 |
| 134 |
| ||||
Other Eastern Hemisphere |
| 7 |
| 18 |
| 30 |
| 36 |
| ||||
TOTAL REPORTED |
| $ | 101 |
| $ | 101 |
| $ | 422 |
| $ | 296 |
|
|
|
|
|
|
|
|
|
|
| ||||
Less - non-core impairments |
| — |
| — |
| (58 | ) | — |
| ||||
TOTAL CORE |
| $ | 101 |
| $ | 101 |
| $ | 364 |
| $ | 296 |
|
13
Investor Relations Supplemental Schedules
OCCIDENTAL PETROLEUM
SUMMARY OF OPERATING STATISTICS
|
|
|
| Fourth Quarter |
| Twelve Months |
| ||||||||
Capital Expenditures ($MM) |
|
|
| 2007 |
| 2006 |
| 2007 |
| 2006 |
| ||||
Oil & Gas |
|
|
|
|
|
|
|
|
|
|
| ||||
California |
|
|
| $ | 151 |
| $ | 169 |
| $ | 596 |
| $ | 545 |
|
Permian |
|
|
| 161 |
| 200 |
| 631 |
| 614 |
| ||||
Other - U.S. |
|
|
| 63 |
| 59 |
| 206 |
| 249 |
| ||||
Latin America |
|
|
| 218 |
| 123 |
| 577 |
| 346 |
| ||||
Middle East / North Africa |
|
|
| 265 |
| 306 |
| 1,189 |
| 929 |
| ||||
Other Eastern Hemisphere |
|
|
| — |
| 19 |
| 7 |
| 20 |
| ||||
Chemicals |
|
|
| 110 |
| 122 |
| 251 |
| 251 |
| ||||
Corporate |
|
|
| 19 |
| 12 |
| 40 |
| 33 |
| ||||
|
| TOTAL |
| $ | 987 |
| $ | 1,010 |
| $ | 3,497 |
| $ | 2,987 |
|
|
|
|
|
|
|
|
|
|
|
|
| ||||
Depreciation, Depletion & |
|
|
| Fourth Quarter |
| Twelve Months |
| ||||||||
Amortization of Assets ($MM) |
|
|
| 2007 |
| 2006 |
| 2007 |
| 2006 |
| ||||
Oil & Gas |
|
|
|
|
|
|
|
|
|
|
| ||||
Domestic |
|
|
| $ | 285 |
| $ | 266 |
| $ | 1,072 |
| $ | 902 |
|
Latin America |
|
|
| 93 |
| 79 |
| 355 |
| 275 |
| ||||
Middle East / North Africa |
|
|
| 170 |
| 135 |
| 597 |
| 525 |
| ||||
Chemicals |
|
|
| 78 |
| 71 |
| 304 |
| 279 |
| ||||
Corporate |
|
|
| 13 |
| 11 |
| 51 |
| 27 |
| ||||
|
| TOTAL |
| $ | 639 |
| $ | 562 |
| $ | 2,379 |
| $ | 2,008 |
|
14
Investor Relations Supplemental Schedules
OCCIDENTAL PETROLEUM
CORPORATE
($ millions)
|
|
|
| 31-Dec-07 |
| 31-Dec-06 |
| ||
CAPITALIZATION |
|
|
|
|
|
|
| ||
Long-Term Debt (including current maturities) |
|
|
| $ | 1,776 |
| $ | 2,790 |
|
Notes Payable |
|
|
| 12 |
| — |
| ||
Subsidiary Preferred Stock |
|
|
| — |
| 75 |
| ||
Others |
|
|
| 25 |
| 25 |
| ||
|
| Total Debt |
| $ | 1,813 |
| $ | 2,890 |
|
|
|
|
|
|
|
|
| ||
EQUITY |
|
|
| $ | 22,823 |
| $ | 19,252 |
|
|
|
|
|
|
|
|
| ||
Total Debt To Total Capitalization |
|
|
| 7 | % | 13 | % |
15
Investor Relations Supplemental Schedules
See the investor relations supplemental schedules for the reconciliation of non-GAAP items. Statements in this presentation that contain words such as "will," "expect," or "estimate," or otherwise relate to the future, are forward-looking and involve risks and uncertainties that could materially affect expected results. Factors that could cause results to differ materially include, but are not limited to: exploration risks, such as drilling of unsuccessful wells; global commodity pricing fluctuations and supply/demand considerations for oil, gas and chemicals; higher-than-expected costs; political risk; operational interruptions; and not successfully completing (or any material delay in) any expansion, capital expenditure, acquisition, or disposition. You should not place undue reliance on these forward-looking statements which speak only as of the date of this filing. Unless legally required, Occidental disclaims any obligation to update any forward-looking statements as a result of new information, future events or otherwise. U.S. investors are urged to consider carefully the disclosure in our Form 10-K, available through the following toll-free telephone number, 1-888-OXYPETE (1-888-699-7383) or on the Internet at http://www.oxy.com. You also can obtain a copy from the SEC by calling 1-800-SEC-0330.
16