EXHIBIT 99.3
Investor Relations Supplemental Schedules
Investor Relations Supplemental Schedules
Summary
($ Millions)
|
| 1Q 2012 |
| 1Q 2011 |
| ||
|
|
|
|
|
| ||
Core Results |
| $1,560 |
| $1,593 |
| ||
EPS - Diluted |
| $1.92 |
| $1.96 |
| ||
|
|
|
|
|
| ||
Reported Net Income |
| $1,559 |
| $1,549 |
| ||
EPS - Diluted |
| $1.92 |
| $1.90 |
| ||
|
|
|
|
|
| ||
Total Worldwide Sales Volumes (mboe/day) |
| 745 |
| 728 |
| ||
Total Worldwide Production Volumes (mboe/day) |
| 755 |
| 730 |
| ||
|
|
|
|
|
| ||
Total Worldwide Crude Oil Realizations ($/BBL) |
| $107.98 |
| $92.14 |
| ||
Total Worldwide NGL Realizations ($/BBL) |
| $52.51 |
| $52.64 |
| ||
Domestic Natural Gas Realizations ($/MCF) |
| $2.84 |
| $4.21 |
| ||
|
|
|
|
|
| ||
Wtd. Average Basic Shares O/S (mm) |
| 810.5 |
| 812.6 |
| ||
Wtd. Average Diluted Shares O/S (mm) |
| 811.3 |
| 813.4 |
| ||
|
|
|
|
|
| ||
Shares Outstanding (mm) |
| 811.1 |
| 812.9 |
| ||
|
|
|
|
|
| ||
Cash Flow from Operations |
| $ | 2,800 |
| $ | 2,200 |
|
Investor Relations Supplemental Schedules
OCCIDENTAL PETROLEUM
2012 First Quarter
Net Income (Loss)
($ millions)
|
| 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 | |
Investor Relations Supplemental Schedules
OCCIDENTAL PETROLEUM
2011 First Quarter
Net Income (Loss)
($ millions)
|
| Reported |
|
|
|
|
| Core | |||
|
| Income |
| Significant Items Affecting Income |
| Results | |||||
Oil & Gas |
| $ | 2,468 |
| $ | 35 |
| Libya exploration write-off |
| $ | 2,510 |
|
|
|
| (22) |
| Gain on sale of Colombia pipeline interest |
|
| |||
|
|
|
| 29 |
| Foreign Tax |
|
| |||
|
|
|
|
|
|
|
|
| |||
Chemical |
| 219 |
|
|
|
|
| 219 | |||
|
|
|
|
|
|
|
|
| |||
Midstream, marketing and other |
| 114 |
|
|
|
|
| 114 | |||
|
|
|
|
|
|
|
|
| |||
Corporate |
|
|
|
|
|
|
|
| |||
Interest expense, net |
| (214) |
| 163 |
| Premium on debt extinguishments |
| (51) | |||
|
|
|
|
|
|
|
|
| |||
Other |
| (128) |
|
|
|
|
| (128) | |||
|
|
|
|
|
|
|
|
| |||
Taxes |
| (1,054) |
| (50) |
| Tax effect of adjustments |
| (1,071) | |||
|
|
|
| 33 |
| State income tax charge |
|
| |||
|
|
|
|
|
|
|
|
| |||
Income from continuing operations |
| 1,405 |
| 188 |
|
|
| 1,593 | |||
Discontinued operations, net of tax |
| 144 |
| (144) |
| Discontinued operations, net |
| - | |||
Net Income |
| $ | 1,549 |
| $ | 44 |
|
|
| $ | 1,593 |
|
|
|
|
|
|
|
|
| |||
Basic Earnings Per Common Share |
|
|
|
|
|
|
|
| |||
Income from continuing operations |
| $ | 1.72 |
|
|
|
|
|
| ||
Discontinued operations, net |
| 0.18 |
|
|
|
|
|
| |||
Net Income |
| $ | 1.90 |
|
|
|
|
| $ | 1.96 | |
|
|
|
|
|
|
|
|
| |||
Diluted Earnings Per Common Share |
|
|
|
|
|
| |||||
Income from continuing operations |
| $ | 1.72 |
|
|
|
|
|
| ||
Discontinued operations, net |
| 0.18 |
|
|
|
|
|
| |||
Net Income |
| $ | 1.90 |
|
|
|
|
| $ | 1.96 |
Investor Relations Supplemental Schedules
OCCIDENTAL PETROLEUM
Worldwide Effective Tax Rate
|
|
QUARTERLY | |||||||
|
| 2012 |
| 2011 |
|
| 2011 | ||
REPORTED INCOME |
| QTR 1 |
| QTR 4 |
|
| QTR 1 | ||
Oil & Gas |
| 2,504 |
|
| 2,537 |
|
| 2,468 |
|
Chemicals |
| 184 |
|
| 144 |
|
| 219 |
|
Midstream, marketing and other |
| 131 |
|
| 70 |
|
| 114 |
|
Corporate & other |
| (120 | ) |
| (161 | ) |
| (342 | ) |
Pre-tax income |
| 2,699 |
|
| 2,590 |
|
| 2,459 |
|
|
|
|
|
|
|
|
|
|
|
Income tax expense |
|
|
|
|
|
|
|
|
|
Federal and state |
| 446 |
|
| 435 |
|
| 365 |
|
Foreign |
| 693 |
|
| 514 |
|
| 689 |
|
Total |
| 1,139 |
|
| 949 |
|
| 1,054 |
|
|
|
|
|
|
|
|
|
|
|
Income from continuing operations |
| 1,560 |
|
| 1,641 |
|
| 1,405 |
|
|
|
|
|
|
|
|
|
|
|
Worldwide effective tax rate |
| 42% |
| 37% |
| 43% | |||
|
|
|
|
|
|
|
|
|
|
|
| 2012 |
| 2011 |
| 2011 | |||
CORE RESULTS |
| QTR 1 |
| QTR 4 |
| QTR 1 | |||
Oil & Gas |
| 2,504 |
|
| 2,537 |
|
| 2,510 |
|
Chemicals |
| 184 |
|
| 144 |
|
| 219 |
|
Midstream, marketing and other |
| 131 |
|
| 70 |
|
| 114 |
|
Corporate & other |
| (120 | ) |
| (161 | ) |
| (179 | ) |
Pre-tax income |
| 2,699 |
|
| 2,590 |
|
| 2,664 |
|
|
|
|
|
|
|
|
|
|
|
Income tax expense |
|
|
|
|
|
|
|
|
|
Federal and state |
| 446 |
|
| 435 |
|
| 395 |
|
Foreign |
| 693 |
|
| 514 |
|
| 676 |
|
Total |
| 1,139 |
|
| 949 |
|
| 1,071 |
|
|
|
|
|
|
|
|
|
|
|
Core results |
| 1,560 |
|
| 1,641 |
|
| 1,593 |
|
|
|
|
|
|
|
|
|
|
|
Worldwide effective tax rate |
| 42% |
| 37% |
| 40% |
Investor Relations Supplemental Schedules
OCCIDENTAL PETROLEUM
2012 First Quarter Net Income (Loss)
Reported Income Comparison
|
| First |
| Fourth |
|
| ||||||
|
| Quarter |
| Quarter |
|
| ||||||
|
| 2012 |
| 2011 |
| B / (W) | ||||||
Oil & Gas |
| $ | 2,504 |
|
| $ | 2,537 |
|
| $ | (33 | ) |
Chemical |
|
| 184 |
|
|
| 144 |
|
|
| 40 |
|
Midstream, marketing and other |
|
| 131 |
|
|
| 70 |
|
|
| 61 |
|
Corporate |
|
|
|
|
|
|
|
|
|
|
|
|
Interest expense, net |
|
| (28 | ) |
|
| (25 | ) |
|
| (3 | ) |
Other |
|
| (92 | ) |
|
| (136 | ) |
|
| 44 |
|
Taxes |
|
| (1,139 | ) |
|
| (949 | ) |
|
| (190 | ) |
Income from continuing operations |
|
| 1,560 |
|
|
| 1,641 |
|
|
| (81 | ) |
Discontinued operations, net |
|
| (1 | ) |
|
| (7 | ) |
|
| 6 |
|
Net Income |
| $ | 1,559 |
|
| $ | 1,634 |
|
| $ | (75 | ) |
|
|
|
|
|
|
|
|
|
|
|
| |
Earnings Per Common Share |
|
|
|
|
|
|
|
|
|
|
| |
Basic |
| $ | 1.92 |
|
| $ | 2.01 |
|
| $ | (0.09 | ) |
Diluted |
| $ | 1.92 |
|
| $ | 2.01 |
|
| $ | (0.09 | ) |
|
|
|
|
|
|
|
|
|
| |||
Worldwide Effective Tax Rate |
| 42% |
| 37% |
| -5% | ||||||
|
|
|
|
|
|
|
|
|
|
OCCIDENTAL PETROLEUM
2012 First Quarter Net Income (Loss)
Core Results Comparison
|
| First |
| Fourth |
|
| ||||||
|
| Quarter |
| Quarter |
|
| ||||||
|
| 2012 |
| 2011 |
| B / (W) | ||||||
Oil & Gas |
| $ | 2,504 |
|
| $ | 2,537 |
|
| $ | (33 | ) |
Chemical |
|
| 184 |
|
|
| 144 |
|
|
| 40 |
|
Midstream, marketing and other |
|
| 131 |
|
|
| 70 |
|
|
| 61 |
|
Corporate |
|
|
|
|
|
|
|
|
|
|
|
|
Interest expense, net |
|
| (28 | ) |
|
| (25 | ) |
|
| (3 | ) |
Other |
|
| (92 | ) |
|
| (136 | ) |
|
| 44 |
|
Taxes |
|
| (1,139 | ) |
|
| (949 | ) |
|
| (190 | ) |
Core Results |
|
| $1,560 |
|
| $ | 1,641 |
|
| $ | (81 | ) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Core Results Per Common Share |
|
|
|
|
|
|
|
|
|
|
|
|
Basic |
| $ | 1.92 |
|
| $ | 2.02 |
|
| $ | (0.10 | ) |
Diluted |
| $ | 1.92 |
|
| $ | 2.02 |
|
| $ | (0.10 | ) |
|
|
|
|
|
|
|
|
|
| |||
Worldwide Effective Tax Rate |
| 42% |
| 37% |
| -5% |
Investor Relations Supplemental Schedules
OCCIDENTAL PETROLEUM
2012 First Quarter Net Income (Loss)
Reported Income Comparison
|
| First |
| First |
|
|
| |||
|
| Quarter |
| Quarter |
|
|
| |||
|
| 2012 |
| 2011 |
| B / (W) |
| |||
Oil & Gas |
| $ | 2,504 |
| $ | 2,468 |
| $ | 36 |
|
Chemical |
| 184 |
| 219 |
| (35) |
| |||
Midstream, marketing and other |
| 131 |
| 114 |
| 17 |
| |||
Corporate |
|
|
|
|
|
|
| |||
Interest expense, net |
| (28) |
| (214) |
| 186 |
| |||
Other |
| (92) |
| (128) |
| 36 |
| |||
Taxes |
| (1,139) |
| (1,054) |
| (85) |
| |||
Income from continuing operations |
| 1,560 |
| 1,405 |
| 155 |
| |||
Discontinued operations, net |
| (1) |
| 144 |
| (145) |
| |||
Net Income |
| $ | 1,559 |
| $ | 1,549 |
| $ | 10 |
|
|
|
|
|
|
|
|
| |||
Earnings Per Common Share |
|
|
|
|
|
|
| |||
Basic |
| $ | 1.92 |
| $ | 1.90 |
| $ | 0.02 |
|
Diluted |
| $ | 1.92 |
| $ | 1.90 |
| $ | 0.02 |
|
|
|
|
|
|
|
|
| |||
Worldwide Effective Tax Rate |
| 42% |
| 43% |
| 1% |
|
OCCIDENTAL PETROLEUM
2012 First Quarter Net Income (Loss)
Core Results Comparison
|
| First |
| First |
|
|
| |||
|
| Quarter |
| Quarter |
|
|
| |||
|
| 2012 |
| 2011 |
| B / (W) |
| |||
Oil & Gas |
| $ | 2,504 |
| $ | 2,510 |
| $ | (6) |
|
Chemical |
| 184 |
| 219 |
| (35) |
| |||
Midstream, marketing and other |
| 131 |
| 114 |
| 17 |
| |||
Corporate |
|
|
|
|
|
|
| |||
Interest expense, net |
| (28) |
| (51) |
| 23 |
| |||
Other |
| (92) |
| (128) |
| 36 |
| |||
Taxes |
| (1,139) |
| (1,071) |
| (68) |
| |||
Core Results |
| $ | 1,560 |
| $ | 1,593 |
| $ | (33) |
|
|
|
|
|
|
|
|
| |||
Core Results Per Common Share |
|
|
|
|
|
|
| |||
Basic |
| $ | 1.92 |
| $ | 1.96 |
| $ | (0.04) |
|
Diluted |
| $ | 1.92 |
| $ | 1.96 |
| $ | (0.04) |
|
|
|
|
|
|
|
|
| |||
Worldwide Effective Tax Rate |
| 42% |
| 40% |
| -2% |
|
Investor Relations Supplemental Schedules
OCCIDENTAL PETROLEUM
SUMMARY OF OPERATING STATISTICS
|
|
|
| First Quarter |
| ||
|
|
|
| 2012 |
| 2011 |
|
NET PRODUCTION PER DAY: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
United States |
|
|
|
|
|
|
|
Crude Oil (MBBL) |
|
|
|
|
|
|
|
|
| California |
| 86 |
| 77 |
|
|
| Permian |
| 139 |
| 132 |
|
|
| Midcontinent and other |
| 19 |
| 13 |
|
|
| Total |
| 244 |
| 222 |
|
NGL (MBBL) |
|
|
|
|
|
|
|
|
| California |
| 15 |
| 14 |
|
|
| Permian |
| 39 |
| 37 |
|
|
| Midcontinent and other |
| 18 |
| 8 |
|
|
| Total |
| 72 |
| 59 |
|
Natural Gas (MMCF) |
|
|
|
|
|
|
|
|
| California |
| 267 |
| 242 |
|
|
| Permian |
| 155 |
| 165 |
|
|
| Midcontinent and other |
| 412 |
| 327 |
|
|
| Total |
| 834 |
| 734 |
|
|
|
|
|
|
|
|
|
Latin America |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Crude Oil (MBBL) |
| Colombia |
| 24 |
| 31 |
|
|
|
|
|
|
|
|
|
Natural Gas (MMCF) |
| Bolivia |
| 14 |
| 16 |
|
|
|
|
|
|
|
|
|
Middle East / North Africa |
|
|
|
|
|
|
|
Crude Oil (MBBL) |
|
|
|
|
|
|
|
|
| Bahrain |
| 4 |
| 4 |
|
|
| Dolphin |
| 8 |
| 9 |
|
|
| Oman |
| 64 |
| 67 |
|
|
| Qatar |
| 72 |
| 75 |
|
|
| Other |
| 42 |
| 57 |
|
|
| Total |
| 190 |
| 212 |
|
NGL (MBBL) |
|
|
|
|
|
|
|
|
| Dolphin |
| 9 |
| 10 |
|
|
| Other |
| - |
| 1 |
|
|
| Total |
| 9 |
| 11 |
|
Natural Gas (MMCF) |
|
|
|
|
|
|
|
|
| Bahrain |
| 219 |
| 173 |
|
|
| Dolphin |
| 173 |
| 196 |
|
|
| Oman |
| 57 |
| 50 |
|
|
| Total |
| 449 |
| 419 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Barrels of Oil Equivalent (MBOE) |
|
|
| 755 |
| 730 |
|
Investor Relations Supplemental Schedules
OCCIDENTAL PETROLEUM
SUMMARY OF OPERATING STATISTICS
|
|
|
| First Quarter | ||
|
|
|
| 2012 |
| 2011 |
NET SALES VOLUMES PER DAY: |
|
|
|
|
|
|
United States |
|
|
|
|
|
|
Crude Oil (MBBL) |
|
|
| 244 |
| 222 |
NGL (MBBL) |
|
|
| 72 |
| 59 |
Natural Gas (MMCF) |
|
|
| 834 |
| 734 |
|
|
|
|
|
|
|
Latin America |
|
|
|
|
|
|
Crude Oil (MBBL) |
|
|
| 24 |
| 33 |
Natural Gas (MMCF) |
|
|
| 14 |
| 16 |
|
|
|
|
|
|
|
Middle East / North Africa |
|
|
|
|
|
|
Crude Oil (MBBL) |
|
|
|
|
|
|
|
| Bahrain |
| 4 |
| 4 |
|
| Dolphin |
| 8 |
| 9 |
|
| Oman |
| 64 |
| 71 |
|
| Qatar |
| 70 |
| 76 |
|
| Other |
| 34 |
| 49 |
|
| Total |
| 180 |
| 209 |
|
|
|
|
|
|
|
NGL (MBBL) |
| Dolphin |
| 9 |
| 10 |
|
|
|
|
|
|
|
Natural Gas (MMCF) |
|
|
| 449 |
| 419 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Barrels of Oil Equivalent (MBOE) |
|
|
| 745 |
| 728 |
Investor Relations Supplemental Schedules
OCCIDENTAL PETROLEUM
SUMMARY OF OPERATING STATISTICS
|
| First Quarter | ||
|
| 2012 |
| 2011 |
|
|
|
|
|
OIL & GAS: |
|
|
|
|
PRICES |
|
|
|
|
United States |
|
|
|
|
Crude Oil ($/BBL) |
| 103.52 |
| 88.04 |
NGL ($/BBL) |
| 53.95 |
| 55.90 |
Natural gas ($/MCF) |
| 2.84 |
| 4.21 |
|
|
|
|
|
Latin America |
|
|
|
|
Crude Oil ($/BBL) |
| 103.31 |
| 92.68 |
Natural Gas ($/MCF) |
| 11.63 |
| 8.23 |
|
|
|
|
|
Middle East / North Africa |
|
|
|
|
Crude Oil ($/BBL) |
| 114.80 |
| 96.44 |
NGL ($/BBL) |
| 40.77 |
| 33.93 |
|
|
|
|
|
Total Worldwide |
|
|
|
|
Crude Oil ($/BBL) |
| 107.98 |
| 92.14 |
NGL ($/BBL) |
| 52.51 |
| 52.64 |
Natural Gas ($/MCF) |
| 2.22 |
| 3.05 |
|
|
|
|
|
|
|
|
|
|
|
| First Quarter | ||
|
| 2012 |
| 2011 |
Exploration Expense |
|
|
|
|
United States |
| $ 61 |
| $ 40 |
Latin America |
| - |
| - |
Middle East / North Africa |
| 37 |
| 44 |
TOTAL REPORTED |
| $ 98 |
| $ 84 |
Less - non-core impairments |
| - |
| (35) |
TOTAL CORE |
| $ 98 |
| $ 49 |
Investor Relations Supplemental Schedules
OCCIDENTAL PETROLEUM
SUMMARY OF OPERATING STATISTICS
|
| First Quarter | ||
Capital Expenditures ($MM) |
| 2012 |
| 2011 |
Oil & Gas |
|
|
|
|
California |
| $ 523 |
| $ 308 |
Permian |
| 429 |
| 216 |
Midcontinent and other |
| 424 |
| 180 |
Latin America |
| 42 |
| 42 |
Middle East / North Africa |
| 428 |
| 352 |
Exploration |
| 171 |
| 65 |
Chemicals |
| 42 |
| 22 |
Midstream, marketing and other |
| 332 |
| 127 |
Corporate |
| 21 |
| 13 |
TOTAL |
| $ 2,412 |
| $ 1,325 |
|
|
|
|
|
|
|
|
|
|
Depreciation, Depletion & |
| First Quarter | ||
Amortization of Assets ($MM) |
| 2012 |
| 2011 |
Oil & Gas |
|
|
|
|
Domestic |
| $ 588 |
| $ 407 |
Latin America |
| 25 |
| 28 |
Middle East / North Africa |
| 335 |
| 322 |
Chemicals |
| 85 |
| 82 |
Midstream, marketing and other |
| 46 |
| 45 |
Corporate |
| 6 |
| 6 |
TOTAL |
| $ 1,085 |
| $ 890 |