Exhibit 99.2
Occidental Petroleum Corporation
Return on Capital Employed
For the Twelve Months Ended December 31,
Reconciliation to Generally Accepted Accounting Principles (GAAP)
$ in millions
|
| 2012 |
| 2013 |
|
RETURN ON CAPITAL EMPLOYED (%) |
| 10.3 |
| 12.2 |
|
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| 2012 |
| 2013 |
| ||
GAAP measure - earnings applicable to common shareholders |
| $ | 4,598 |
| $ | 5,903 |
|
Interest expense (see detail below) |
| 117 |
| 110 |
| ||
Tax effect of interest expense |
| (41 | ) | (39 | ) | ||
Earnings before tax-effected interest expense |
| $ | 4,674 |
| $ | 5,974 |
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GAAP stockholders’ equity |
| $ | 40,048 |
| $ | 43,372 |
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Debt |
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GAAP debt |
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Debt, including current maturities |
| $ | 7,623 |
| $ | 6,939 |
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Total capital employed |
| $ | 47,671 |
| $ | 50,311 |
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ROCE |
| 10.3 |
| 12.2 |
|
Interest Expense Detail |
| 2012 |
| 2013 |
| ||
Oxy public debt |
| $ | 117 |
| $ | 110 |
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