Occidental Petroleum Corporatio (OXY) 8-K Occidental Petroleum Announces Record Twelve Months Net Income

Exhibit 99.3

Investor Relations Supplemental Schedules

Investor Relations Supplemental Schedules

Summary

($ Millions)

	4Q 2007	4Q 2006
Reported Net Income	$1,452	$930
EPS - Diluted	$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

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Investor Relations Supplemental Schedules

OCCIDENTAL PETROLEUM

2007 Fourth Quarter

Net Income (Loss)

($ millions)

	Reported Income		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

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Investor Relations Supplemental Schedules

OCCIDENTAL PETROLEUM

2006 Fourth Quarter

Net Income (Loss)

($ millions)

	Reported Income		Significant Items Affecting Incomes			Core Results
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

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Investor Relations Supplemental Schedules

OCCIDENTAL PETROLEUM

2007 Twelve Months

Net Income (Loss)

($ millions)

	Reported Income		Significant Items Affecting Income			Core Results
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

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Investor Relations Supplemental Schedules

OCCIDENTAL PETROLEUM

2006 Twelve Months

Net Income (Loss)

($ millions)

	Reported Income		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

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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	)

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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

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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		%

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Investor Relations Supplemental Schedules

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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		%

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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
		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

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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

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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

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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		%

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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.

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