Exhibit 99.3
Investor Relations Supplemental Schedules
Investor Relations Supplemental Schedules
Summary
($ Millions)
|
| 3Q 2009 |
| 3Q 2008 |
| ||
|
|
|
|
|
| ||
Reported Net Income |
| $ | 927 |
| $ | 2,271 |
|
EPS - Diluted |
| $ | 1.14 |
| $ | 2.77 |
|
|
|
|
|
|
| ||
Core Results |
| $ | 929 |
| $ | 2,272 |
|
EPS - Diluted |
| $ | 1.14 |
| $ | 2.77 |
|
|
|
|
|
|
| ||
Total Worldwide Sales Volumes (mboe/day) |
| 628 |
| 588 |
| ||
|
|
|
|
|
| ||
Total Worldwide Crude Oil Realizations ($/BBL) |
| $ | 62.79 |
| $ | 104.15 |
|
Domestic Natural Gas Realizations ($/MCF) |
| $ | 3.04 |
| $ | 9.35 |
|
|
|
|
|
|
| ||
Wtd. Average Basic Shares O/S (mm) |
| 811.8 |
| 815.3 |
| ||
Wtd. Average Diluted Shares O/S (mm) |
| 814.4 |
| 817.6 |
| ||
|
| YTD 2009 |
| YTD 2008 |
| ||
|
|
|
|
|
| ||
Reported Net Income |
| $ | 1,977 |
| $ | 6,414 |
|
EPS - Diluted |
| $ | 2.43 |
| $ | 7.77 |
|
|
|
|
|
|
| ||
Core Results |
| $ | 2,025 |
| $ | 6,391 |
|
EPS - Diluted |
| $ | 2.48 |
| $ | 7.74 |
|
|
|
|
|
|
| ||
Total Worldwide Sales Volumes (mboe/day) |
| 643 |
| 594 |
| ||
|
|
|
|
|
| ||
Total Worldwide Crude Oil Realizations ($/BBL) |
| $ | 51.44 |
| $ | 100.39 |
|
Domestic Natural Gas Realizations ($/MCF) |
| $ | 3.15 |
| $ | 9.18 |
|
|
|
|
|
|
| ||
Wtd. Average Basic Shares O/S (mm) |
| 811.1 |
| 820.1 |
| ||
Wtd. Average Diluted Shares O/S (mm) |
| 813.9 |
| 823.5 |
| ||
|
|
|
|
|
| ||
Shares Outstanding (mm) |
| 811.7 |
| 809.9 |
| ||
|
|
|
|
|
| ||
Cash Flow from Operations |
| $ | 3,800 |
| $ | 8,100 |
|
1
Investor Relations Supplemental Schedules
OCCIDENTAL PETROLEUM
2009 Third Quarter
Net Income (Loss)
($ millions)
|
| Reported |
|
|
|
|
| Core |
| |||
|
| Income |
| Significant Items Affecting Income |
| Results |
| |||||
Oil & Gas |
| $ | 1,464 |
|
|
|
|
| $ | 1,464 |
| |
|
|
|
|
|
|
|
|
|
| |||
Chemical |
| 72 |
|
|
|
|
| 72 |
| |||
|
|
|
|
|
|
|
|
|
| |||
Midstream, marketing and other |
| 77 |
|
|
|
|
| 77 |
| |||
|
|
|
|
|
|
|
|
|
| |||
Corporate |
|
|
|
|
|
|
|
|
| |||
Interest expense, net |
| (33 | ) |
|
|
|
| (33 | ) | |||
|
|
|
|
|
|
|
|
|
| |||
Other |
| (102 | ) |
|
|
|
| (102 | ) | |||
|
|
|
|
|
|
|
|
|
| |||
Taxes |
| (549 | ) |
|
|
|
| (549 | ) | |||
Income from continuing operations |
| 929 |
| — |
|
|
| 929 |
| |||
Discontinued operations, net of tax |
| (2 | ) | 2 |
| Discontinued operations, net |
| — |
| |||
Net Income |
| $ | 927 |
| $ | 2 |
|
|
| $ | 929 |
|
|
|
|
|
|
|
|
|
|
| |||
Basic Earnings Per Common Share |
|
|
|
|
|
|
|
|
| |||
Income from continuing operations |
| $ | 1.14 |
|
|
|
|
|
|
| ||
Discontinued operations, net |
| — |
|
|
|
|
|
|
| |||
Net Income |
| $ | 1.14 |
|
|
|
|
| $ | 1.14 |
| |
|
|
|
|
|
|
|
|
|
| |||
Diluted Earnings Per Common Share |
|
|
|
|
|
|
|
|
| |||
Income from continuing operations |
| $ | 1.14 |
|
|
|
|
|
|
| ||
Discontinued operations, net |
| — |
|
|
|
|
|
|
| |||
Net Income |
| $ | 1.14 |
|
|
|
|
| $ | 1.14 |
| |
2
Investor Relations Supplemental Schedules
OCCIDENTAL PETROLEUM
2008 Third Quarter
Net Income (Loss)
($ millions)
|
| Reported |
|
|
|
|
| Core |
| |||
|
| Income |
| Significant Items Affecting Income |
| Results |
| |||||
Oil & Gas |
| $ | 3,618 |
|
|
|
|
| $ | 3,618 |
| |
|
|
|
|
|
|
|
|
|
| |||
Chemical |
| 219 |
|
|
|
|
| 219 |
| |||
|
|
|
|
|
|
|
|
|
| |||
Midstream, marketing and other |
| 66 |
|
|
|
|
| 66 |
| |||
|
|
|
|
|
|
|
|
|
| |||
Corporate |
|
|
|
|
|
|
|
|
| |||
Interest expense, net |
| (3 | ) |
|
|
|
| (3 | ) | |||
|
|
|
|
|
|
|
|
|
| |||
Other |
| (82 | ) |
|
|
|
| (82 | ) | |||
|
|
|
|
|
|
|
|
|
| |||
Taxes |
| (1,546 | ) |
|
|
|
| (1,546 | ) | |||
Income from continuing operations |
| 2,272 |
| — |
|
|
| 2,272 |
| |||
Discontinued operations, net of tax |
| (1 | ) | 1 |
| Discontinued operations, net |
| — |
| |||
Net Income |
| $ | 2,271 |
| $ | 1 |
|
|
| $ | 2,272 |
|
|
|
|
|
|
|
|
|
|
| |||
Basic Earnings Per Common Share |
|
|
|
|
|
|
|
|
| |||
Income from continuing operations |
| $ | 2.78 |
|
|
|
|
|
|
| ||
Discontinued operations, net |
| — |
|
|
|
|
|
|
| |||
Net Income |
| $ | 2.78 |
|
|
|
|
| $ | 2.78 |
| |
Diluted Earnings Per Common Share |
|
|
|
|
|
|
|
|
| |||
Income from continuing operations |
| $ | 2.77 |
|
|
|
|
|
|
| ||
Discontinued operations, net |
| — |
|
|
|
|
|
|
| |||
Net Income |
| $ | 2.77 |
|
|
|
|
| $ | 2.77 |
| |
3
Investor Relations Supplemental Schedules
OCCIDENTAL PETROLEUM
2009 First Nine Months
Net Income (Loss)
($ millions)
|
| Reported |
|
|
| Core |
| |||||
|
| Income |
| Significant Items Affecting Income |
| Results |
| |||||
Oil & Gas |
| $ | 3,092 |
| $ | 8 |
| Rig terminations |
| $ | 3,100 |
|
|
|
|
|
|
|
|
|
|
| |||
Chemical |
| 356 |
|
|
|
|
| 356 |
| |||
|
|
|
|
|
|
|
|
|
| |||
Midstream, marketing and other |
| 154 |
|
|
|
|
| 154 |
| |||
|
|
|
|
|
|
|
|
|
| |||
Corporate |
|
|
|
|
|
|
|
|
| |||
Interest expense, net |
| (76 | ) |
|
|
|
| (76 | ) | |||
|
|
|
|
|
|
|
|
|
| |||
Other |
| (297 | ) | 40 |
| Severance |
| (242 | ) | |||
|
|
|
| 15 |
| Railcar leases |
|
|
| |||
|
|
|
|
|
|
|
|
|
| |||
Taxes |
| (1,245 | ) | (22 | ) | Tax effect of adjustments |
| (1,267 | ) | |||
Income from continuing operations |
| 1,984 |
| 41 |
|
|
| 2,025 |
| |||
Discontinued operations, net of tax |
| (7 | ) | 7 |
| Discontinued operations, net |
| — |
| |||
Net Income |
| $ | 1,977 |
| $ | 48 |
|
|
| $ | 2,025 |
|
|
|
|
|
|
|
|
|
|
| |||
Basic Earnings Per Common Share |
|
|
|
|
|
|
|
|
| |||
Income from continuing operations |
| $ | 2.44 |
|
|
|
|
|
|
| ||
Discontinued operations, net |
| (0.01 | ) |
|
|
|
|
|
| |||
Net Income |
| $ | 2.43 |
|
|
|
|
| $ | 2.49 |
| |
|
|
|
|
|
|
|
|
|
| |||
Diluted Earnings Per Common Share |
|
|
|
|
|
|
|
|
| |||
Income from continuing operations |
| $ | 2.44 |
|
|
|
|
|
|
| ||
Discontinued operations, net |
| (0.01 | ) |
|
|
|
|
|
| |||
Net Income |
| $ | 2.43 |
|
|
|
|
| $ | 2.48 |
| |
4
Investor Relations Supplemental Schedules
OCCIDENTAL PETROLEUM
2008 First Nine Months
Net Income (Loss)
($ millions)
|
| Reported |
|
|
| Core |
| |||||
|
| Income |
| Significant Items Affecting Income |
| Results |
| |||||
Oil & Gas |
| $ | 10,312 |
|
|
|
|
| $ | 10,312 |
| |
|
|
|
|
|
|
|
|
|
| |||
Chemical |
| 542 |
|
|
|
|
| 542 |
| |||
|
|
|
|
|
|
|
|
|
| |||
Midstream, marketing and other |
| 350 |
|
|
|
|
| 350 |
| |||
|
|
|
|
|
|
|
|
|
| |||
Corporate |
|
|
|
|
|
|
|
|
| |||
Interest expense, net |
| (10 | ) |
|
|
|
| (10 | ) | |||
|
|
|
|
|
|
|
|
|
| |||
Other |
| (292 | ) |
|
|
|
| (292 | ) | |||
|
|
|
|
|
|
|
|
|
| |||
Taxes |
| (4,511 | ) |
|
|
|
| (4,511 | ) | |||
Income from continuing operations |
| 6,391 |
| — |
|
|
| 6,391 |
| |||
Discontinued operations, net of tax |
| 23 |
| (23 | ) | Discontinued operations, net |
| — |
| |||
Net Income |
| $ | 6,414 |
| $ | (23 | ) |
|
| $ | 6,391 |
|
|
|
|
|
|
|
|
|
|
| |||
Basic Earnings Per Common Share |
|
|
|
|
|
|
|
|
| |||
Income from continuing operations |
| $ | 7.78 |
|
|
|
|
|
|
| ||
Discontinued operations, net |
| 0.03 |
|
|
|
|
|
|
| |||
Net Income |
| $ | 7.81 |
|
|
|
|
| $ | 7.78 |
| |
Diluted Earnings Per Common Share |
|
|
|
|
|
|
|
|
| |||
Income from continuing operations |
| $ | 7.74 |
|
|
|
|
|
|
| ||
Discontinued operations, net |
| 0.03 |
|
|
|
|
|
|
| |||
Net Income |
| $ | 7.77 |
|
|
|
|
| $ | 7.74 |
| |
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 |
| Third Quarter |
| Nine months |
| ||||
Income / (Expense) |
| 2009 |
| 2008 |
| 2009 |
| 2008 |
|
|
|
|
|
|
|
|
|
|
|
Foreign Exchange Gains & (Losses) * |
| (3 | ) | 8 |
| 28 |
| 3 |
|
*Amounts shown after-tax
6
Investor Relations Supplemental Schedules
OCCIDENTAL PETROLEUM
Worldwide Effective Tax Rate
|
| QUARTERLY |
| YEAR-TO-DATE |
| ||||||
|
| 2009 |
| 2009 |
| 2008 |
| 2009 |
| 2008 |
|
|
| QTR 3 |
| QTR 2 |
| QTR 3 |
| 9 Months |
| 9 Months |
|
REPORTED INCOME |
|
|
|
|
|
|
|
|
|
|
|
Oil & Gas (a) |
| 1,464 |
| 1,083 |
| 3,618 |
| 3,092 |
| 10,312 |
|
Chemicals |
| 72 |
| 115 |
| 219 |
| 356 |
| 542 |
|
Midstream, marketing and other |
| 77 |
| 63 |
| 66 |
| 154 |
| 350 |
|
Corporate & other |
| (135 | ) | (122 | ) | (85 | ) | (373 | ) | (302 | ) |
Pre-tax income |
| 1,478 |
| 1,139 |
| 3,818 |
| 3,229 |
| 10,902 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Income tax expense |
|
|
|
|
|
|
|
|
|
|
|
Federal and state |
| 189 |
| 148 |
| 716 |
| 349 |
| 2,123 |
|
Foreign (a) |
| 360 |
| 307 |
| 830 |
| 896 |
| 2,388 |
|
Total |
| 549 |
| 455 |
| 1,546 |
| 1,245 |
| 4,511 |
|
Income from continuing operations |
| 929 |
| 684 |
| 2,272 |
| 1,984 |
| 6,391 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Worldwide effective tax rate |
| 37 | % | 40 | % | 40 | % | 39 | % | 41 | % |
|
| 2009 |
| 2009 |
| 2008 |
| 2009 |
| 2008 |
|
|
| QTR 3 |
| QTR 2 |
| QTR 3 |
| 9 Months |
| 9 Months |
|
CORE RESULTS |
|
|
|
|
|
|
|
|
|
|
|
Oil & Gas (a) |
| 1,464 |
| 1,083 |
| 3,618 |
| 3,100 |
| 10,312 |
|
Chemicals |
| 72 |
| 115 |
| 219 |
| 356 |
| 542 |
|
Midstream, marketing and other |
| 77 |
| 63 |
| 66 |
| 154 |
| 350 |
|
Corporate & other |
| (135 | ) | (114 | ) | (85 | ) | (318 | ) | (302 | ) |
Pre-tax income |
| 1,478 |
| 1,147 |
| 3,818 |
| 3,292 |
| 10,902 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Income tax expense |
|
|
|
|
|
|
|
|
|
|
|
Federal and state |
| 189 |
| 151 |
| 716 |
| 371 |
| 2,123 |
|
Foreign (a) |
| 360 |
| 307 |
| 830 |
| 896 |
| 2,388 |
|
Total |
| 549 |
| 458 |
| 1,546 |
| 1,267 |
| 4,511 |
|
Core results |
| 929 |
| 689 |
| 2,272 |
| 2,025 |
| 6,391 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Worldwide effective tax rate |
| 37 | % | 40 | % | 40 | % | 38 | % | 41 | % |
(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.
|
| 2009 |
| 2009 |
| 2008 |
| 2009 |
| 2008 |
|
|
| QTR 3 |
| QTR 2 |
| QTR 3 |
| 9 Months |
| 9 Months |
|
|
| 338 |
| 287 |
| 730 |
| 827 |
| 1,801 |
|
7
Investor Relations Supplemental Schedules
OCCIDENTAL PETROLEUM
2009 Third Quarter Net Income (Loss)
Reported Income Comparison
|
| Third |
| Second |
|
|
| |||
|
| Quarter |
| Quarter |
|
|
| |||
|
| 2009 |
| 2009 |
| B / (W) |
| |||
Oil & Gas |
| $ | 1,464 |
| $ | 1,083 |
| $ | 381 |
|
Chemical |
| 72 |
| 115 |
| (43 | ) | |||
Midstream, marketing and other |
| 77 |
| 63 |
| 14 |
| |||
Corporate |
|
|
|
|
|
|
| |||
Interest expense, net |
| (33 | ) | (23 | ) | (10 | ) | |||
Other |
| (102 | ) | (99 | ) | (3 | ) | |||
Taxes |
| (549 | ) | (455 | ) | (94 | ) | |||
Income from continuing operations |
| 929 |
| 684 |
| 245 |
| |||
Discontinued operations, net |
| (2 | ) | (2 | ) | — |
| |||
Net Income |
| $ | 927 |
| $ | 682 |
| $ | 245 |
|
|
|
|
|
|
|
|
| |||
Earnings Per Common Share |
|
|
|
|
|
|
| |||
Basic |
| $ | 1.14 |
| $ | 0.84 |
| $ | 0.30 |
|
Diluted |
| $ | 1.14 |
| $ | 0.84 |
| $ | 0.30 |
|
|
|
|
|
|
|
|
| |||
Worldwide Effective Tax Rate |
| 37% |
| 40% |
| 3% |
| |||
OCCIDENTAL PETROLEUM
2009 Third Quarter Net Income (Loss)
Core Results Comparison
|
| Third |
| Second |
|
|
| |||
|
| Quarter |
| Quarter |
|
|
| |||
|
| 2009 |
| 2009 |
| B / (W) |
| |||
Oil & Gas |
| $ | 1,464 |
| $ | 1,083 |
| $ | 381 |
|
Chemical |
| 72 |
| 115 |
| (43 | ) | |||
Midstream, marketing and other |
| 77 |
| 63 |
| 14 |
| |||
Corporate |
|
|
|
|
|
|
| |||
Interest expense, net |
| (33 | ) | (23 | ) | (10 | ) | |||
Other |
| (102 | ) | (91 | ) | (11 | ) | |||
Taxes |
| (549 | ) | (458 | ) | (91 | ) | |||
Core Results |
| $ | 929 |
| $ | 689 |
| $ | 240 |
|
|
|
|
|
|
|
|
| |||
Core Results Per Common Share |
|
|
|
|
|
|
| |||
Basic |
| $ | 1.14 |
| $ | 0.85 |
| $ | 0.29 |
|
Diluted |
| $ | 1.14 |
| $ | 0.85 |
| $ | 0.29 |
|
|
|
|
|
|
|
|
| |||
Worldwide Effective Tax Rate |
| 37% |
| 40% |
| 3% |
| |||
8
Investor Relations Supplemental Schedules
9
Investor Relations Supplemental Schedules
OCCIDENTAL PETROLEUM
2009 Third Quarter Net Income (Loss)
Reported Income Comparison
|
| Third |
| Third |
|
|
| |||
|
| Quarter |
| Quarter |
|
|
| |||
|
| 2009 |
| 2008 |
| B / (W) |
| |||
Oil & Gas |
| $ | 1,464 |
| $ | 3,618 |
| $ | (2,154 | ) |
Chemical |
| 72 |
| 219 |
| (147 | ) | |||
Midstream, marketing and other |
| 77 |
| 66 |
| 11 |
| |||
Corporate |
|
|
|
|
|
|
| |||
Interest expense, net |
| (33 | ) | (3 | ) | (30 | ) | |||
Other |
| (102 | ) | (82 | ) | (20 | ) | |||
Taxes |
| (549 | ) | (1,546 | ) | 997 |
| |||
Income from continuing operations |
| 929 |
| 2,272 |
| (1,343 | ) | |||
Discontinued operations, net |
| (2 | ) | (1 | ) | (1 | ) | |||
Net Income |
| $ | 927 |
| $ | 2,271 |
| $ | (1,344 | ) |
|
|
|
|
|
|
|
| |||
Earnings Per Common Share |
|
|
|
|
|
|
| |||
Basic |
| $ | 1.14 |
| $ | 2.78 |
| $ | (1.64 | ) |
Diluted |
| $ | 1.14 |
| $ | 2.77 |
| $ | (1.63 | ) |
|
|
|
|
|
|
|
| |||
Worldwide Effective Tax Rate |
| 37% |
| 40% |
| 3% |
| |||
OCCIDENTAL PETROLEUM
2009 Third Quarter Net Income (Loss)
Core Results Comparison
|
| Third |
| Third |
|
|
| |||
|
| Quarter |
| Quarter |
|
|
| |||
|
| 2009 |
| 2008 |
| B / (W) |
| |||
Oil & Gas |
| $ | 1,464 |
| $ | 3,618 |
| $ | (2,154 | ) |
Chemical |
| 72 |
| 219 |
| (147 | ) | |||
Midstream, marketing and other |
| 77 |
| 66 |
| 11 |
| |||
Corporate |
|
|
|
|
|
|
| |||
Interest expense, net |
| (33 | ) | (3 | ) | (30 | ) | |||
Other |
| (102 | ) | (82 | ) | (20 | ) | |||
Taxes |
| (549 | ) | (1,546 | ) | 997 |
| |||
Core Results |
| $ | 929 |
| $ | 2,272 |
| $ | (1,343 | ) |
|
|
|
|
|
|
|
| |||
Core Results Per Common Share |
|
|
|
|
|
|
| |||
Basic |
| $ | 1.14 |
| $ | 2.78 |
| $ | (1.64 | ) |
Diluted |
| $ | 1.14 |
| $ | 2.77 |
| $ | (1.63 | ) |
|
|
|
|
|
|
|
| |||
Worldwide Effective Tax Rate |
| 37% |
| 40% |
| 3% |
| |||
10
Investor Relations Supplemental Schedules
11
Investor Relations Supplemental Schedules
OCCIDENTAL PETROLEUM
SUMMARY OF OPERATING STATISTICS
|
| Third Quarter |
| Nine months |
| ||||
|
| 2009 |
| 2008 |
| 2009 |
| 2008 |
|
NET SALES VOLUMES PER DAY: |
|
|
|
|
|
|
|
|
|
United States |
|
|
|
|
|
|
|
|
|
Crude Oil and Liquids (MBBL) |
|
|
|
|
|
|
|
|
|
California |
| 92 |
| 87 |
| 93 |
| 86 |
|
Permian |
| 168 |
| 166 |
| 168 |
| 168 |
|
Midcontinent/Rockies |
| 9 |
| 8 |
| 10 |
| 6 |
|
Total |
| 269 |
| 261 |
| 271 |
| 260 |
|
Natural Gas (MMCF) |
|
|
|
|
|
|
|
|
|
California |
| 269 |
| 236 |
| 240 |
| 239 |
|
Permian |
| 208 |
| 169 |
| 200 |
| 179 |
|
Midcontinent/Rockies |
| 176 |
| 165 |
| 192 |
| 166 |
|
Total |
| 653 |
| 570 |
| 632 |
| 584 |
|
Latin America |
|
|
|
|
|
|
|
|
|
Crude Oil (MBBL) |
|
|
|
|
|
|
|
|
|
Argentina |
| 30 |
| 38 |
| 37 |
| 32 |
|
Colombia |
| 44 |
| 43 |
| 46 |
| 43 |
|
Total |
| 74 |
| 81 |
| 83 |
| 75 |
|
Natural Gas (MMCF) |
|
|
|
|
|
|
|
|
|
Argentina |
| 27 |
| 24 |
| 30 |
| 19 |
|
Bolivia |
| 18 |
| 21 |
| 17 |
| 21 |
|
Total |
| 45 |
| 45 |
| 47 |
| 40 |
|
Middle East / North Africa |
|
|
|
|
|
|
|
|
|
Crude Oil (MBBL) |
|
|
|
|
|
|
|
|
|
Oman |
| 39 |
| 23 |
| 38 |
| 21 |
|
Dolphin |
| 21 |
| 18 |
| 22 |
| 20 |
|
Qatar |
| 46 |
| 49 |
| 48 |
| 47 |
|
Yemen |
| 22 |
| 20 |
| 25 |
| 22 |
|
Libya |
| 4 |
| 7 |
| 6 |
| 17 |
|
Total |
| 132 |
| 117 |
| 139 |
| 127 |
|
Natural Gas (MMCF) |
|
|
|
|
|
|
|
|
|
Oman |
| 22 |
| 25 |
| 23 |
| 24 |
|
Dolphin |
| 208 |
| 165 |
| 218 |
| 176 |
|
Total |
| 230 |
| 190 |
| 241 |
| 200 |
|
|
|
|
|
|
|
|
|
|
|
Barrels of Oil Equivalent (MBOE) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Subtotal consolidated subsidiaries |
| 630 |
| 593 |
| 646 |
| 599 |
|
Other interests |
|
|
|
|
|
|
|
|
|
Colombia - minority interest |
| (5 | ) | (7 | ) | (6 | ) | (7 | ) |
Yemen - Occidental net interest |
| 3 |
| 2 |
| 3 |
| 2 |
|
Total worldwide sales volumes - MBOE |
| 628 |
| 588 |
| 643 |
| 594 |
|
12
Investor Relations Supplemental Schedules
OCCIDENTAL PETROLEUM
SUMMARY OF OPERATING STATISTICS
|
| Third Quarter |
| Nine months |
| ||||
|
| 2009 |
| 2008 |
| 2009 |
| 2008 |
|
NET PRODUCTION PER DAY: |
|
|
|
|
|
|
|
|
|
United States |
|
|
|
|
|
|
|
|
|
Crude Oil and Liquids (MBBL) |
| 269 |
| 261 |
| 271 |
| 260 |
|
Natural Gas (MMCF) |
| 653 |
| 570 |
| 632 |
| 584 |
|
|
|
|
|
|
|
|
|
|
|
Latin America |
|
|
|
|
|
|
|
|
|
Crude Oil (MBBL) |
|
|
|
|
|
|
|
|
|
Argentina |
| 31 |
| 39 |
| 36 |
| 33 |
|
Colombia |
| 43 |
| 43 |
| 46 |
| 43 |
|
Total |
| 74 |
| 82 |
| 82 |
| 76 |
|
|
|
|
|
|
|
|
|
|
|
Natural Gas (MMCF) |
| 45 |
| 45 |
| 47 |
| 40 |
|
|
|
|
|
|
|
|
|
|
|
Middle East / North Africa |
|
|
|
|
|
|
|
|
|
Crude Oil (MBBL) |
|
|
|
|
|
|
|
|
|
Oman |
| 40 |
| 24 |
| 38 |
| 21 |
|
Dolphin |
| 21 |
| 18 |
| 22 |
| 20 |
|
Qatar |
| 48 |
| 48 |
| 48 |
| 47 |
|
Yemen |
| 22 |
| 19 |
| 25 |
| 22 |
|
Libya |
| 5 |
| 9 |
| 7 |
| 17 |
|
Total |
| 136 |
| 118 |
| 140 |
| 127 |
|
|
|
|
|
|
|
|
|
|
|
Natural Gas (MMCF) |
| 230 |
| 190 |
| 241 |
| 200 |
|
|
|
|
|
|
|
|
|
|
|
Barrels of Oil Equivalent (MBOE) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Subtotal consolidated subsidiaries |
| 634 |
| 595 |
| 646 |
| 600 |
|
Other interests |
|
|
|
|
|
|
|
|
|
Colombia - minority interest |
| (5 | ) | (6 | ) | (6 | ) | (6 | ) |
Yemen - Occidental net interest |
| 3 |
| 2 |
| 3 |
| 2 |
|
Total worldwide production - MBOE |
| 632 |
| 591 |
| 643 |
| 596 |
|
13
Investor Relations Supplemental Schedules
OCCIDENTAL PETROLEUM
SUMMARY OF OPERATING STATISTICS
|
| Third Quarter |
| Nine months |
| ||||
|
| 2009 |
| 2008 |
| 2009 |
| 2008 |
|
|
|
|
|
|
|
|
|
|
|
OIL & GAS: |
|
|
|
|
|
|
|
|
|
PRICES |
|
|
|
|
|
|
|
|
|
United States |
|
|
|
|
|
|
|
|
|
Crude Oil ($/BBL) |
| 63.37 |
| 109.50 |
| 52.04 |
| 104.82 |
|
Natural gas ($/MCF) |
| 3.04 |
| 9.35 |
| 3.15 |
| 9.18 |
|
|
|
|
|
|
|
|
|
|
|
Latin America |
|
|
|
|
|
|
|
|
|
Crude Oil ($/BBL) |
| 55.40 |
| 77.76 |
| 46.51 |
| 78.23 |
|
Natural Gas ($/MCF) |
| 2.87 |
| 4.40 |
| 3.04 |
| 4.22 |
|
|
|
|
|
|
|
|
|
|
|
Middle East / North Africa |
|
|
|
|
|
|
|
|
|
Crude Oil ($/BBL) |
| 66.04 |
| 114.11 |
| 53.55 |
| 106.81 |
|
|
|
|
|
|
|
|
|
|
|
Total Worldwide |
|
|
|
|
|
|
|
|
|
Crude Oil ($/BBL) |
| 62.79 |
| 104.15 |
| 51.44 |
| 100.39 |
|
Natural Gas ($/MCF) |
| 2.53 |
| 7.11 |
| 2.59 |
| 6.95 |
|
|
| Third Quarter |
| Nine months |
| ||||||||
|
| 2009 |
| 2008 |
| 2009 |
| 2008 |
| ||||
Exploration Expense |
|
|
|
|
|
|
|
|
| ||||
Domestic |
| $ | 45 |
| $ | 10 |
| $ | 107 |
| $ | 42 |
|
Latin America |
| 4 |
| 9 |
| 14 |
| 35 |
| ||||
Middle East / North Africa |
| 7 |
| 41 |
| 47 |
| 117 |
| ||||
Other Eastern Hemisphere |
| — |
| 1 |
| — |
| (1 | ) | ||||
TOTAL REPORTED |
| $ | 56 |
| $ | 61 |
| $ | 168 |
| $ | 193 |
|
14
Investor Relations Supplemental Schedules
OCCIDENTAL PETROLEUM
SUMMARY OF OPERATING STATISTICS
|
| Third Quarter |
| Nine months |
| ||||||||
|
| 2009 |
| 2008 |
| 2009 |
| 2008 |
| ||||
Capital Expenditures ($MM) |
|
|
|
|
|
|
|
|
| ||||
Oil & Gas |
|
|
|
|
|
|
|
|
| ||||
California |
| $ | 118 |
| $ | 201 |
| $ | 402 |
| $ | 558 |
|
Permian |
| 57 |
| 116 |
| 328 |
| 278 |
| ||||
Midcontinent/Rockies |
| 9 |
| 109 |
| 77 |
| 240 |
| ||||
Latin America |
| 93 |
| 209 |
| 401 |
| 547 |
| ||||
Middle East / North Africa |
| 234 |
| 257 |
| 768 |
| 735 |
| ||||
Exploration |
| 18 |
| 66 |
| 95 |
| 156 |
| ||||
Chemicals |
| 43 |
| 57 |
| 114 |
| 154 |
| ||||
Midstream, marketing and other |
| 165 |
| 177 |
| 430 |
| 332 |
| ||||
Corporate |
| 9 |
| 7 |
| 34 |
| 70 |
| ||||
TOTAL |
| $ | 746 |
| $ | 1,199 |
| $ | 2,649 |
| $ | 3,070 |
|
|
| Third Quarter |
| Nine months |
| ||||||||
|
| 2009 |
| 2008 |
| 2009 |
| 2008 |
| ||||
Depreciation, Depletion & Amortization of Assets ($MM) |
|
|
|
|
|
|
|
|
| ||||
Oil & Gas |
|
|
|
|
|
|
|
|
| ||||
Domestic |
| $ | 317 |
| $ | 257 |
| $ | 932 |
| $ | 760 |
|
Latin America |
| 140 |
| 125 |
| 463 |
| 313 |
| ||||
Middle East / North Africa |
| 199 |
| 202 |
| 586 |
| 579 |
| ||||
Chemicals |
| 78 |
| 75 |
| 222 |
| 239 |
| ||||
Midstream, marketing and other |
| 30 |
| 19 |
| 79 |
| 52 |
| ||||
Corporate |
| 5 |
| 5 |
| 15 |
| 14 |
| ||||
TOTAL |
| $ | 769 |
| $ | 683 |
| $ | 2,297 |
| $ | 1,957 |
|
15
Investor Relations Supplemental Schedules
OCCIDENTAL PETROLEUM
CORPORATE
($ millions)
|
| 30-Sep-09 |
| 31-Dec-08 |
| ||
|
|
|
|
|
| ||
CAPITALIZATION |
|
|
|
|
| ||
|
|
|
|
|
| ||
Long-Term Debt (including current maturities) |
| $ | 2,795 |
| $ | 2,740 |
|
|
|
|
|
|
| ||
Notes Payable |
| — |
| 7 |
| ||
|
|
|
|
|
| ||
Others |
| 25 |
| 25 |
| ||
|
|
|
|
|
| ||
Total Debt |
| $ | 2,820 |
| $ | 2,772 |
|
|
|
|
|
|
| ||
EQUITY |
| $ | 28,520 |
| $ | 27,325 |
|
|
|
|
|
|
| ||
Total Debt To Total Capitalization |
| 9% |
| 9% |
| ||
16