Exhibit 99.3
Investor Relations Supplemental Schedules
Investor Relations Supplemental Schedules
Summary
|
| 2Q 2014 |
| 2Q 2013 |
|
|
|
|
|
|
|
Core Results (millions) |
| $1,404 |
| $1,276 |
|
EPS - Diluted |
| $1.79 |
| $1.58 |
|
|
|
|
|
|
|
Reported Net Income (millions) |
| $1,431 |
| $1,322 |
|
EPS - Diluted |
| $1.82 |
| $1.64 |
|
|
|
|
|
|
|
Total Worldwide Sales Volumes (mboe/day) |
| 741 |
| 764 |
|
Total Worldwide Production Volumes (mboe/day) |
| 742 |
| 772 |
|
|
|
|
|
|
|
Total Worldwide Crude Oil Realizations ($/BBL) |
| $100.38 |
| $97.91 |
|
Total Worldwide NGL Realizations ($/BBL) |
| $42.82 |
| $38.78 |
|
Domestic Natural Gas Realizations ($/MCF) |
| $4.28 |
| $3.82 |
|
|
|
|
|
|
|
Wtd. Average Basic Shares O/S (millions) |
| 782.6 |
| 804.9 |
|
Wtd. Average Diluted Shares O/S (millions) |
| 782.9 |
| 805.4 |
|
|
|
|
|
|
|
|
| YTD 2014 |
| YTD 2013 |
|
|
|
|
|
|
|
Core Results (millions) |
| $2,791 |
| $2,635 |
|
EPS - Diluted |
| $3.54 |
| $3.27 |
|
|
|
|
|
|
|
Reported Net Income (millions) |
| $2,821 |
| $2,677 |
|
EPS - Diluted |
| $3.58 |
| $3.32 |
|
|
|
|
|
|
|
Total Worldwide Sales Volumes (mboe/day) |
| 738 |
| 755 |
|
Total Worldwide Production Volumes (mboe/day) |
| 743 |
| 768 |
|
|
|
|
|
|
|
Total Worldwide Crude Oil Realizations ($/BBL) |
| $99.70 |
| $97.99 |
|
Total Worldwide NGL Realizations ($/BBL) |
| $44.43 |
| $39.52 |
|
Domestic Natural Gas Realizations ($/MCF) |
| $4.43 |
| $3.44 |
|
|
|
|
|
|
|
Wtd. Average Basic Shares O/S (millions) |
| 786.9 |
| 804.8 |
|
Wtd. Average Diluted Shares O/S (millions) |
| 787.3 |
| 805.3 |
|
|
|
|
|
|
|
Shares Outstanding (millions) |
| 779.6 |
| 805.8 |
|
|
|
|
|
|
|
Cash Flow from Operations (millions) |
| $5,600 |
| $6,200 |
|
Investor Relations Supplemental Schedules
OCCIDENTAL PETROLEUM
2014 Second Quarter
Net Income (Loss) - Segments Earnings Pre-Tax and After-Tax
($ millions, except per share amounts)
|
| Reported |
|
|
|
|
| Core |
PRE-TAX |
| Income |
| Significant Items Affecting Income |
| Results | ||
Domestic |
| $ 1,132 |
| $ (535) |
| Hugoton sale gain |
| $ 1,068 |
|
|
|
| 471 |
| Assets impairments |
|
|
Foreign |
| 1,096 |
|
|
|
|
| 1,096 |
Exploration |
| (46) |
|
|
|
|
| (46) |
|
| 2,182 |
|
|
|
|
| $ 2,118 |
|
|
|
|
|
|
|
|
|
Chemical |
| 133 |
|
|
|
|
| 133 |
|
|
|
|
|
|
|
|
|
Midstream, marketing and other |
| 219 |
|
|
|
|
| 219 |
|
|
|
|
|
|
|
|
|
Corporate |
|
|
|
|
|
|
|
|
Interest expense, net |
| (15) |
|
|
|
|
| (15) |
|
|
|
|
|
|
|
|
|
Other |
| (130) |
| 17 |
| Spin-off costs and other |
| (113) |
|
|
|
|
|
|
|
|
|
Taxes |
| (957) |
| 19 |
| Tax effect of pre-tax adjustments |
| (938) |
|
|
|
|
|
|
|
|
|
Income from continuing operations |
| 1,432 |
| (28) |
|
|
| 1,404 |
Discontinued operations, net of tax |
| (1) |
| 1 |
| Discontinued operations, net |
| - |
Net Income |
| $ 1,431 |
| $ (27) |
|
|
| $ 1,404 |
|
| Reported |
|
|
|
|
| Core |
AFTER-TAX |
| Income |
| Significant Items Affecting Income |
| Results | ||
Domestic |
| $ 720 |
| $ (341) |
| Hugoton sale gain |
| $ 679 |
|
|
|
| 300 |
| Assets impairments |
|
|
Foreign |
| 576 |
|
|
|
|
| 576 |
Exploration |
| (36) |
|
|
|
|
| (36) |
|
| 1,260 |
|
|
|
|
| $ 1,219 |
|
|
|
|
|
|
|
|
|
Chemical |
| 84 |
|
|
|
|
| 84 |
|
|
|
|
|
|
|
|
|
Midstream, marketing and other |
| 160 |
|
|
|
|
| 160 |
|
|
|
|
|
|
|
|
|
Corporate |
|
|
|
|
|
|
|
|
Interest expense, net |
| (15) |
|
|
|
|
| (15) |
|
|
|
|
|
|
|
|
|
Other |
| (130) |
| 13 |
| Spin-off costs and other |
| (117) |
|
|
|
|
|
|
|
|
|
Unallocated taxes |
| 73 |
|
|
|
|
| 73 |
|
|
|
|
|
|
|
|
|
Income from continuing operations |
| 1,432 |
| (28) |
|
|
| 1,404 |
Discontinued operations, net of tax |
| (1) |
| 1 |
| Discontinued operations, net |
| - |
Net Income |
| $ 1,431 |
| $ (27) |
|
|
| $ 1,404 |
|
|
|
|
|
|
|
|
|
Basic Earnings Per Common Share |
|
|
|
|
|
|
|
|
Income from continuing operations |
| $ 1.83 |
|
|
|
|
|
|
Discontinued operations, net |
| - |
|
|
|
|
|
|
Net Income |
| $ 1.83 |
|
|
|
|
| $ 1.79 |
|
|
|
|
|
|
|
|
|
Diluted Earnings Per Common Share |
|
|
|
|
|
|
|
|
Income from continuing operations |
| $ 1.82 |
|
|
|
|
|
|
Discontinued operations, net |
| - |
|
|
|
|
|
|
Net Income |
| $ 1.82 |
|
|
|
|
| $ 1.79 |
Investor Relations Supplemental Schedules
OCCIDENTAL PETROLEUM
2013 Second Quarter
Net Income (Loss) - Segments Earnings Pre-Tax and After-Tax
($ millions, except per share amounts)
|
| Reported |
|
|
|
|
| Core | |||
PRE-TAX |
| Income |
| Significant Items Affecting Income |
| Results | |||||
Domestic |
| $ | 997 |
|
|
|
|
| $ | 997 | |
Foreign |
| 1,173 |
|
|
|
|
| 1,173 | |||
Exploration |
| (70) |
|
|
|
|
| (70) | |||
|
| 2,100 |
|
|
|
|
| $ | 2,100 | ||
|
|
|
|
|
|
|
|
| |||
Chemical |
| 275 |
| $ | (131) |
| Carbocloro sale gain |
| 144 | ||
|
|
|
|
|
|
|
|
| |||
Midstream, marketing and other |
| 48 |
|
|
|
|
| 48 | |||
|
|
|
|
|
|
|
|
| |||
Corporate |
|
|
|
|
|
|
|
| |||
Interest expense, net |
| (29) |
|
|
|
|
| (29) | |||
|
|
|
|
|
|
|
|
| |||
Other |
| (166) |
| 55 |
| Employment charges (a) |
| (111) | |||
|
|
|
|
|
|
|
|
| |||
Taxes |
| (901) |
| 25 |
| Tax effect of pre-tax adjustments |
| (876) | |||
|
|
|
|
|
|
|
|
| |||
Income from continuing operations |
| 1,327 |
| (51) |
|
|
| 1,276 | |||
Discontinued operations, net of tax |
| (5) |
| 5 |
| Discontinued operations, net |
| - | |||
Net Income |
| $ | 1,322 |
| $ | (46) |
|
|
| $ | 1,276 |
|
| Reported |
|
|
|
|
| Core | |||
AFTER-TAX |
| Income |
| Significant Items Affecting Income |
| Results | |||||
Domestic |
| $ | 635 |
|
|
|
|
| $ | 635 | |
Foreign |
| 641 |
|
|
|
|
| 641 | |||
Exploration |
| (56) |
|
|
|
|
| (56) | |||
|
| 1,220 |
|
|
|
|
| $ | 1,220 | ||
|
|
|
|
|
|
|
|
| |||
Chemical |
| 172 |
| $ | (85) |
| Carbocloro sale gain |
| 87 | ||
|
|
|
|
|
|
|
|
| |||
Midstream, marketing and other |
| 46 |
|
|
|
|
| 46 | |||
|
|
|
|
|
|
|
|
| |||
Corporate |
|
|
|
|
|
|
|
| |||
Interest expense, net |
| (29) |
|
|
|
|
| (29) | |||
|
|
|
|
|
|
|
|
| |||
Other |
| (166) |
| 34 |
| Employment charges (a) |
| (132) | |||
|
|
|
|
|
|
|
|
| |||
Unallocated taxes |
| 84 |
|
|
|
|
| 84 | |||
|
|
|
|
|
|
|
|
| |||
Income from continuing operations |
| 1,327 |
| (51) |
|
|
| 1,276 | |||
Discontinued operations, net of tax |
| (5) |
| 5 |
| Discontinued operations, net |
| - | |||
Net Income |
| $ | 1,322 |
| $ | (46) |
|
|
| $ | 1,276 |
|
|
|
|
|
|
|
|
| |||
Basic Earnings Per Common Share |
|
|
|
|
|
|
|
| |||
Income from continuing operations |
| $ | 1.65 |
|
|
|
|
|
| ||
Discontinued operations, net |
| (0.01) |
|
|
|
|
|
| |||
Net Income |
| $ | 1.64 |
|
|
|
|
| $ | 1.58 | |
|
|
|
|
|
|
|
|
| |||
Diluted Earnings Per Common Share |
|
|
|
|
|
|
|
| |||
Income from continuing operations |
| $ | 1.64 |
|
|
|
|
|
| ||
Discontinued operations, net |
| - |
|
|
|
|
|
| |||
Net Income |
| $ | 1.64 |
|
|
|
|
| $ | 1.58 |
(a) Reflects charge for the estimated cost related to the employment and post-employment benefits for the Company’s former Executive Chairman and termination of certain other employees and consulting arrangements.
Investor Relations Supplemental Schedules
OCCIDENTAL PETROLEUM
2014 Six Months
Net Income (Loss) - Segments Earnings Pre-Tax and After-Tax
($ millions, except per share amounts)
|
| Reported |
|
|
|
|
| Core |
PRE-TAX |
| Income |
| Significant Items Affecting Income |
| Results | ||
Domestic |
| $ 2,190 |
| $ (535) |
| Hugoton sale gain |
| $ 2,126 |
|
|
|
| 471 |
| Assets impairments |
|
|
Foreign |
| 2,188 |
|
|
|
|
| 2,188 |
Exploration |
| (92) |
|
|
|
|
| (92) |
|
| 4,286 |
|
|
|
|
| $ 4,222 |
|
|
|
|
|
|
|
|
|
Chemical |
| 269 |
|
|
|
|
| 269 |
|
|
|
|
|
|
|
|
|
Midstream, marketing and other |
| 389 |
|
|
|
|
| 389 |
|
|
|
|
|
|
|
|
|
Corporate |
|
|
|
|
|
|
|
|
Interest expense, net |
| (34) |
|
|
|
|
| (34) |
|
|
|
|
|
|
|
|
|
Other |
| (202) |
| 17 |
| Spin-off costs and other |
| (185) |
|
|
|
|
|
|
|
|
|
Taxes |
| (1,889) |
| 19 |
| Tax effect of pre-tax adjustments |
| (1,870) |
|
|
|
|
|
|
|
|
|
Income from continuing operations |
| 2,819 |
| (28) |
|
|
| 2,791 |
Discontinued operations, net of tax |
| 2 |
| (2) |
| Discontinued operations, net |
| - |
Net Income |
| $ 2,821 |
| $ (30) |
|
|
| $ 2,791 |
|
|
|
|
|
|
|
|
|
|
| Reported |
|
|
|
|
| Core |
AFTER-TAX |
| Income |
| Significant Items Affecting Income |
| Results | ||
Domestic |
| $ 1,394 |
| $ (341) |
| Hugoton sale gain |
| $ 1,353 |
|
|
|
| 300 |
| Assets impairments |
|
|
Foreign |
| 1,128 |
|
|
|
|
| 1,128 |
Exploration |
| (68) |
|
|
|
|
| (68) |
|
| 2,454 |
|
|
|
|
| $ 2,413 |
|
|
|
|
|
|
|
|
|
Chemical |
| 170 |
|
|
|
|
| 170 |
|
|
|
|
|
|
|
|
|
Midstream, marketing and other |
| 278 |
|
|
|
|
| 278 |
|
|
|
|
|
|
|
|
|
Corporate |
|
|
|
|
|
|
|
|
Interest expense, net |
| (34) |
|
|
|
|
| (34) |
|
|
|
|
|
|
|
|
|
Other |
| (202) |
| 13 |
| Spin-off costs and other |
| (189) |
|
|
|
|
|
|
|
|
|
Unallocated taxes |
| 153 |
|
|
|
|
| 153 |
|
|
|
|
|
|
|
|
|
Income from continuing operations |
| 2,819 |
| (28) |
|
|
| 2,791 |
Discontinued operations, net of tax |
| 2 |
| (2) |
| Discontinued operations, net |
| - |
Net Income |
| $ 2,821 |
| $ (30) |
|
|
| $ 2,791 |
|
|
|
|
|
|
|
|
|
Basic Earnings Per Common Share |
|
|
|
|
|
|
|
|
Income from continuing operations |
| $ 3.58 |
|
|
|
|
|
|
Discontinued operations, net |
| - |
|
|
|
|
|
|
Net Income |
| $ 3.58 |
|
|
|
|
| $ 3.54 |
|
|
|
|
|
|
|
|
|
Diluted Earnings Per Common Share |
|
|
|
|
|
|
|
|
Income from continuing operations |
| $ 3.58 |
|
|
|
|
|
|
Discontinued operations, net |
| - |
|
|
|
|
|
|
Net Income |
| $ 3.58 |
|
|
|
|
| $ 3.54 |
Investor Relations Supplemental Schedules
OCCIDENTAL PETROLEUM
2013 Six Months
Net Income (Loss) - Segments Earnings Pre-Tax and After-Tax
($ millions, except per share amounts)
|
| Reported |
|
|
|
|
| Core |
PRE-TAX |
| Income |
| Significant Items Affecting Income |
| Results | ||
Domestic |
| $ 1,886 |
|
|
|
|
| $ 1,886 |
Foreign |
| 2,246 |
|
|
|
|
| 2,246 |
Exploration |
| (112) |
|
|
|
|
| (112) |
|
| 4,020 |
|
|
|
|
| $ 4,020 |
|
|
|
|
|
|
|
|
|
Chemical |
| 434 |
| (131) |
| Carbocloro sale gain |
| 303 |
|
|
|
|
|
|
|
|
|
Midstream, marketing and other |
| 263 |
|
|
|
|
| 263 |
|
|
|
|
|
|
|
|
|
Corporate |
|
|
|
|
|
|
|
|
Interest expense, net |
| (59) |
|
|
|
|
| (59) |
|
|
|
|
|
|
|
|
|
Other |
| (227) |
| 55 |
| Employment charges (a) |
| (172) |
|
|
|
|
|
|
|
|
|
Taxes |
| (1,745) |
| 25 |
| Tax effect of pre-tax adjustments |
| (1,720) |
|
|
|
|
|
|
|
|
|
Income from continuing operations |
| 2,686 |
| (51) |
|
|
| 2,635 |
Discontinued operations, net of tax |
| (9) |
| 9 |
| Discontinued operations, net |
| - |
Net Income |
| $ 2,677 |
| $ (42) |
|
|
| $ 2,635 |
|
|
|
|
|
|
|
|
|
|
| Reported |
|
|
|
|
| Core |
AFTER-TAX |
| Income |
| Significant Items Affecting Income |
| Results | ||
Domestic |
| $ 1,201 |
|
|
|
|
| $ 1,201 |
Foreign |
| 1,177 |
|
|
|
|
| 1,177 |
Exploration |
| (29) |
|
|
|
|
| (29) |
|
| 2,349 |
|
|
|
|
| $ 2,349 |
|
|
|
|
|
|
|
|
|
Chemical |
| 271 |
| $ (85) |
| Carbocloro sale gain |
| 186 |
|
|
|
|
|
|
|
|
|
Midstream, marketing and other |
| 192 |
|
|
|
|
| 192 |
|
|
|
|
|
|
|
|
|
Corporate |
|
|
|
|
|
|
|
|
Interest expense, net |
| (59) |
|
|
|
|
| (59) |
|
|
|
|
|
|
|
|
|
Other |
| (227) |
| 34 |
| Exployment charges (a) |
| (193) |
|
|
|
|
|
|
|
|
|
Unallocated taxes |
| 160 |
|
|
|
|
| 160 |
|
|
|
|
|
|
|
|
|
Income from continuing operations |
| 2,686 |
| (51) |
|
|
| 2,635 |
Discontinued operations, net of tax |
| (9) |
| 9 |
| Discontinued operations, net |
| - |
Net Income |
| $ 2,677 |
| $ (42) |
|
|
| $ 2,635 |
|
|
|
|
|
|
|
|
|
Basic Earnings Per Common Share |
|
|
|
|
|
|
|
|
Income from continuing operations |
| $ 3.33 |
|
|
|
|
|
|
Discontinued operations, net |
| (0.01) |
|
|
|
|
|
|
Net Income |
| $ 3.32 |
|
|
|
|
| $ 3.27 |
|
|
|
|
|
|
|
|
|
Diluted Earnings Per Common Share |
|
|
|
|
|
|
|
|
Income from continuing operations |
| $ 3.33 |
|
|
|
|
|
|
Discontinued operations, net |
| (0.01) |
|
|
|
|
|
|
Net Income |
| $ 3.32 |
|
|
|
|
| $ 3.27 |
(a) Reflects charge for the estimated cost related to the employment and post-employment benefits for the Company’s former Executive Chairman and termination of certain other employees and consulting arrangements.
Investor Relations Supplemental Schedules
OCCIDENTAL PETROLEUM
Worldwide Effective Tax Rate
|
| QUARTERLY |
| YEAR-TO-DATE | |||||||||||
|
| 2014 |
| 2013 |
| 2013 |
| 2014 |
| 2013 | |||||
REPORTED INCOME |
| QTR 2 |
| QTR 1 |
| QTR 2 |
| 6 Months |
| 6 Months | |||||
Oil & Gas |
| 2,182 |
|
| 2,104 |
|
| 2,100 |
|
| 4,286 |
|
| 4,020 |
|
Chemical |
| 133 |
|
| 136 |
|
| 275 |
|
| 269 |
|
| 434 |
|
Midstream, marketing and other |
| 219 |
|
| 170 |
|
| 48 |
|
| 389 |
|
| 263 |
|
Corporate & other |
| (145 | ) |
| (91 | ) |
| (195 | ) |
| (236 | ) |
| (286 | ) |
Pre-tax income |
| 2,389 |
|
| 2,319 |
|
| 2,228 |
|
| 4,708 |
|
| 4,431 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income tax expense |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Federal and state |
| 427 |
|
| 379 |
|
| 332 |
|
| 805 |
|
| 624 |
|
Foreign |
| 530 |
|
| 553 |
|
| 569 |
|
| 1,084 |
|
| 1,121 |
|
Total |
| 957 |
|
| 932 |
|
| 901 |
|
| 1,889 |
|
| 1,745 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income from continuing operations |
| 1,432 |
|
| 1,387 |
|
| 1,327 |
|
| 2,819 |
|
| 2,686 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Worldwide effective tax rate |
| 40 | % |
| 40 | % |
| 40 | % |
| 40 | % |
| 39 | % |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 2014 |
| 2013 |
| 2013 |
| 2014 |
| 2013 | |||||
CORE RESULTS |
| QTR 2 |
| QTR 1 |
| QTR 2 |
| 6 Months |
| 6 Months | |||||
Oil & Gas |
| 2,118 |
|
| 2,104 |
|
| 2,100 |
|
| 4,222 |
|
| 4,020 |
|
Chemical |
| 133 |
|
| 136 |
|
| 144 |
|
| 269 |
|
| 303 |
|
Midstream, marketing and other |
| 219 |
|
| 170 |
|
| 48 |
|
| 389 |
|
| 263 |
|
Corporate & other |
| (128 | ) |
| (91 | ) |
| (140 | ) |
| (219 | ) |
| (231 | ) |
Pre-tax income |
| 2,342 |
|
| 2,319 |
|
| 2,152 |
|
| 4,661 |
|
| 4,355 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income tax expense |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Federal and state |
| 408 |
|
| 379 |
|
| 331 |
|
| 786 |
|
| 623 |
|
Foreign |
| 530 |
|
| 553 |
|
| 545 |
|
| 1,084 |
|
| 1,097 |
|
Total |
| 938 |
|
| 932 |
|
| 876 |
|
| 1,870 |
|
| 1,720 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Core results |
| 1,404 |
|
| 1,387 |
|
| 1,276 |
|
| 2,791 |
|
| 2,635 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Worldwide effective tax rate |
| 40 | % |
| 40 | % |
| 41 | % |
| 40 | % |
| 39 | % |
Investor Relations Supplemental Schedules
OCCIDENTAL PETROLEUM
2014 Second Quarter Net Income (Loss)
Reported Income Comparison
|
|
|
|
|
|
|
|
|
| |||
|
| Second |
| First |
|
| ||||||
|
| Quarter |
| Quarter |
|
| ||||||
|
| 2014 |
| 2013 |
| B / (W) | ||||||
Oil & Gas |
| $ | 2,182 |
|
| $ | 2,104 |
|
| $ | 78 |
|
Chemical |
| 133 |
|
| 136 |
|
| (3 | ) | |||
Midstream, marketing and other |
| 219 |
|
| 170 |
|
| 49 |
| |||
Corporate |
|
|
|
|
|
|
|
|
| |||
Interest expense, net |
| (15 | ) |
| (19 | ) |
| 4 |
| |||
Other |
| (130 | ) |
| (72 | ) |
| (58 | ) | |||
Taxes |
| (957 | ) |
| (932 | ) |
| (25 | ) | |||
Income from continuing operations |
| 1,432 |
|
| 1,387 |
|
| 45 |
| |||
Discontinued operations, net |
| (1 | ) |
| 3 |
|
| (4 | ) | |||
Net Income |
| $ | 1,431 |
|
| $ | 1,390 |
|
| $ | 41 |
|
|
|
|
|
|
|
|
|
|
| |||
Earnings Per Common Share |
|
|
|
|
|
|
|
|
| |||
Basic |
| $ | 1.83 |
|
| $ | 1.75 |
|
| $ | 0.08 |
|
Diluted |
| $ | 1.82 |
|
| $ | 1.75 |
|
| $ | 0.07 |
|
|
|
|
|
|
|
|
|
|
| |||
Worldwide Effective Tax Rate |
| 40 | % |
| 40 | % |
| 0 | % |
|
OCCIDENTAL PETROLEUM
2014 Second Quarter Net Income (Loss)
Core Results Comparison
|
|
|
|
|
|
|
|
|
| |||
|
| Second |
| First |
|
| ||||||
|
| Quarter |
| Quarter |
|
| ||||||
|
| 2014 |
| 2013 |
| B / (W) | ||||||
Oil & Gas |
| $ | 2,118 |
|
| $ | 2,104 |
|
| $ | 14 |
|
Chemical |
| 133 |
|
| 136 |
|
| (3 | ) | |||
Midstream, marketing and other |
| 219 |
|
| 170 |
|
| 49 |
| |||
Corporate |
|
|
|
|
|
|
|
|
| |||
Interest expense, net |
| (15 | ) |
| (19 | ) |
| 4 |
| |||
Other |
| (113 | ) |
| (72 | ) |
| (41 | ) | |||
Taxes |
| (938 | ) |
| (932 | ) |
| (6 | ) | |||
Core Results |
| $ | 1,404 |
|
| $ | 1,387 |
|
| $ | 17 |
|
|
|
|
|
|
|
|
|
|
| |||
Core Results Per Common Share |
|
|
|
|
|
|
|
|
| |||
Basic |
| $ | 1.79 |
|
| $ | 1.75 |
|
| $ | 0.04 |
|
Diluted |
| $ | 1.79 |
|
| $ | 1.75 |
|
| $ | 0.04 |
|
|
|
|
|
|
|
|
|
|
| |||
Worldwide Effective Tax Rate |
| 40 | % |
| 40 | % |
| 0 | % |
Investor Relations Supplemental Schedules
OCCIDENTAL PETROLEUM
2014 Second Quarter Net Income (Loss)
Reported Income Comparison
|
|
|
|
|
|
|
|
|
| |||
|
| Second |
| Second |
|
| ||||||
|
| Quarter |
| Quarter |
|
| ||||||
|
| 2014 |
| 2013 |
| B / (W) | ||||||
Oil & Gas |
| $ | 2,182 |
|
| $ | 2,100 |
|
| $ | 82 |
|
Chemical |
| 133 |
|
| $ | 275 |
|
| (142 | ) | ||
Midstream, marketing and other |
| 219 |
|
| $ | 48 |
|
| 171 |
| ||
Corporate |
|
|
|
|
|
|
|
|
| |||
Interest expense, net |
| (15 | ) |
| (29 | ) |
| 14 |
| |||
Other |
| (130 | ) |
| (166 | ) |
| 36 |
| |||
Taxes |
| (957 | ) |
| (901 | ) |
| (56 | ) | |||
Income from continuing operations |
| 1,432 |
|
| 1,327 |
|
| 105 |
| |||
Discontinued operations, net |
| (1 | ) |
| (5 | ) |
| 4 |
| |||
Net Income |
| $ | 1,431 |
|
| $ | 1,322 |
|
| $ | 109 |
|
|
|
|
|
|
|
|
|
|
| |||
Earnings Per Common Share |
|
|
|
|
|
|
|
|
| |||
Basic |
| $ | 1.83 |
|
| $ | 1.64 |
|
| $ | 0.19 |
|
Diluted |
| $ | 1.82 |
|
| $ | 1.64 |
|
| $ | 0.18 |
|
|
|
|
|
|
|
|
|
|
| |||
Worldwide Effective Tax Rate |
| 40 | % |
| 40 | % |
| 0 | % |
|
OCCIDENTAL PETROLEUM
2014 Second Quarter Net Income (Loss)
Core Results Comparison
|
|
|
|
|
|
|
|
|
|
|
| Second |
| Second |
|
| |||
|
| Quarter |
| Quarter |
|
| |||
|
| 2014 |
| 2013 |
| B / (W) | |||
Oil & Gas |
| $ 2,118 |
|
| $ 2,100 |
|
| $ 18 |
|
Chemical |
| 133 |
|
| 144 |
|
| (11 | ) |
Midstream, marketing and other |
| 219 |
|
| 48 |
|
| 171 |
|
Corporate |
|
|
|
|
|
|
|
|
|
Interest expense, net |
| (15 | ) |
| (29 | ) |
| 14 |
|
Other |
| (113 | ) |
| (111 | ) |
| (2 | ) |
Taxes |
| (938 | ) |
| (876 | ) |
| (62 | ) |
Core Results |
| $ 1,404 |
|
| $ 1,276 |
|
| $ 128 |
|
|
|
|
|
|
|
|
|
|
|
Core Results Per Common Share |
|
|
|
|
|
|
|
|
|
Basic |
| $ 1.79 |
|
| $ 1.58 |
|
| $ 0.21 |
|
Diluted |
| $ 1.79 |
|
| $ 1.58 |
|
| $ 0.21 |
|
|
|
|
|
|
|
|
|
|
|
Worldwide Effective Tax Rate |
| 40 | % |
| 41 | % |
| 1 | % |
Investor Relations Supplemental Schedules
OCCIDENTAL PETROLEUM
SUMMARY OF OPERATING STATISTICS
|
| Second Quarter |
| Six Months |
| |||||
|
| 2014 |
| 2013 |
| 2014 |
| 2013 |
| |
NET PRODUCTION PER DAY: |
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
| |
United States |
|
|
|
|
|
|
|
|
| |
Oil (MBBL) |
|
|
|
|
|
|
|
|
| |
California |
| 97 |
| 88 |
| 96 |
| 88 |
| |
Permian Resources |
| 40 |
| 33 |
| 38 |
| 34 |
| |
Permian EOR |
| 110 |
| 112 |
| 110 |
| 112 |
| |
Midcontinent and other |
| 29 |
| 22 |
| 27 |
| 22 |
| |
Total excluding Hugoton |
| 276 |
| 255 |
| 271 |
| 256 |
| |
Hugoton |
| 2 |
| 6 |
| 4 |
| 6 |
| |
Total |
| 278 |
| 261 |
| 275 |
| 262 |
| |
NGLs (MBBL) |
|
|
|
|
|
|
|
|
| |
California |
| 18 |
| 21 |
| 18 |
| 20 |
| |
Permian Resources |
| 12 |
| 11 |
| 11 |
| 10 |
| |
Permian EOR |
| 29 |
| 28 |
| 29 |
| 29 |
| |
Midcontinent and other |
| 12 |
| 14 |
| 14 |
| 15 |
| |
Total excluding Hugoton |
| 71 |
| 74 |
| 72 |
| 74 |
| |
Hugoton |
| 1 |
| 3 |
| 2 |
| 3 |
| |
Total |
| 72 |
| 77 |
| 74 |
| 77 |
| |
Natural Gas (MMCF) |
|
|
|
|
|
|
|
|
| |
California |
| 243 |
| 260 |
| 243 |
| 262 |
| |
Permian Resources |
| 120 |
| 121 |
| 117 |
| 126 |
| |
Permian EOR |
| 34 |
| 39 |
| 37 |
| 42 |
| |
Midcontinent and other |
| 305 |
| 313 |
| 305 |
| 318 |
| |
Total excluding Hugoton |
| 702 |
| 733 |
| 702 |
| 748 |
| |
Hugoton |
| 16 |
| 60 |
| 35 |
| 60 |
| |
Total |
| 718 |
| 793 |
| 737 |
| 808 |
| |
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
| |
Latin America |
|
|
|
|
|
|
|
|
| |
Oil (MBBL) | Colombia |
| 19 |
| 28 |
| 24 |
| 29 |
|
|
|
|
|
|
|
|
|
|
| |
Natural Gas (MMCF) | Bolivia |
| 12 |
| 13 |
| 12 |
| 13 |
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
| |
Middle East / North Africa |
|
|
|
|
|
|
|
|
| |
Oil (MBBL) |
|
|
|
|
|
|
|
|
| |
Dolphin |
| 7 |
| 7 |
| 6 |
| 6 |
| |
Oman |
| 70 |
| 67 |
| 68 |
| 66 |
| |
Qatar |
| 69 |
| 75 |
| 68 |
| 67 |
| |
Other |
| 28 |
| 44 |
| 27 |
| 45 |
| |
Total |
| 174 |
| 193 |
| 169 |
| 184 |
| |
|
|
|
|
|
|
|
|
|
| |
NGLs (MBBL) | Dolphin |
| 7 |
| 7 |
| 7 |
| 7 |
|
|
|
|
|
|
|
|
|
|
| |
Natural Gas (MMCF) |
|
|
|
|
|
|
|
|
| |
Dolphin |
| 144 |
| 145 |
| 138 |
| 139 |
| |
Oman |
| 40 |
| 56 |
| 40 |
| 56 |
| |
Other |
| 236 |
| 232 |
| 234 |
| 238 |
| |
Total |
| 420 |
| 433 |
| 412 |
| 433 |
| |
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
| |
Barrels of Oil Equivalent excluding Hugoton (MBOE) |
| 736 |
| 753 |
| 731 |
| 749 |
| |
Hugoton |
| 6 |
| 19 |
| 12 |
| 19 |
| |
Barrels of Oil Equivalent (MBOE) |
| 742 |
| 772 |
| 743 |
| 768 |
|
Investor Relations Supplemental Schedules
OCCIDENTAL PETROLEUM
SUMMARY OF OPERATING STATISTICS
|
| Second Quarter |
| Six Months |
| ||||
|
| 2014 |
| 2013 |
| 2014 |
| 2013 |
|
NET SALES VOLUMES PER DAY: |
|
|
|
|
|
|
|
|
|
United States |
|
|
|
|
|
|
|
|
|
Oil (MBBL) |
| 278 |
| 261 |
| 275 |
| 262 |
|
NGLs (MBBL) |
| 72 |
| 77 |
| 74 |
| 77 |
|
Natural Gas (MMCF) |
| 720 |
| 795 |
| 738 |
| 810 |
|
|
|
|
|
|
|
|
|
|
|
Latin America |
|
|
|
|
|
|
|
|
|
Oil (MBBL) |
| 24 |
| 26 |
| 28 |
| 28 |
|
Natural Gas (MMCF) |
| 12 |
| 13 |
| 12 |
| 13 |
|
|
|
|
|
|
|
|
|
|
|
Middle East / North Africa |
|
|
|
|
|
|
|
|
|
Oil (MBBL) |
|
|
|
|
|
|
|
|
|
Dolphin |
| 7 |
| 7 |
| 6 |
| 6 |
|
Oman |
| 71 |
| 63 |
| 68 |
| 68 |
|
Qatar |
| 66 |
| 80 |
| 69 |
| 66 |
|
Other |
| 24 |
| 36 |
| 17 |
| 32 |
|
Total |
| 168 |
| 186 |
| 160 |
| 172 |
|
|
|
|
|
|
|
|
|
|
|
NGLs (MBBL) |
| 7 |
| 7 |
| 7 |
| 7 |
|
|
|
|
|
|
|
|
|
|
|
Natural Gas (MMCF) |
| 420 |
| 433 |
| 412 |
| 433 |
|
|
|
|
|
|
|
|
|
|
|
Barrels of Oil Equivalent excluding Hugoton (MBOE) |
| 735 |
| 745 |
| 726 |
| 736 |
|
Hugoton |
| 6 |
| 19 |
| 12 |
| 19 |
|
Barrels of Oil Equivalent (MBOE) |
| 741 |
| 764 |
| 738 |
| 755 |
|
Investor Relations Supplemental Schedules
OCCIDENTAL PETROLEUM
SUMMARY OF OPERATING STATISTICS
|
| Second Quarter |
| Six Months |
| ||||||||
|
| 2014 |
| 2013 |
| 2014 |
| 2013 |
| ||||
|
|
|
|
|
|
|
|
|
| ||||
OIL & GAS: |
|
|
|
|
|
|
|
|
| ||||
REALIZED PRICES |
|
|
| �� |
|
|
|
|
| ||||
United States |
|
|
|
|
|
|
|
|
| ||||
Oil ($/BBL) |
| 97.48 |
| 95.08 |
| 96.72 |
| 93.33 |
| ||||
NGLs ($/BBL) |
| 43.91 |
| 39.70 |
| 45.30 |
| 40.15 |
| ||||
Natural gas ($/MCF) |
| 4.28 |
| 3.82 |
| 4.43 |
| 3.44 |
| ||||
|
|
|
|
|
|
|
|
|
| ||||
Latin America |
|
|
|
|
|
|
|
|
| ||||
Oil ($/BBL) |
| 101.30 |
| 98.85 |
| 99.73 |
| 103.29 |
| ||||
Natural gas ($/MCF) |
| 10.99 |
| 11.32 |
| 10.90 |
| 11.46 |
| ||||
|
|
|
|
|
|
|
|
|
| ||||
Middle East / North Africa |
|
|
|
|
|
|
|
|
| ||||
Oil ($/BBL) |
| 105.15 |
| 101.83 |
| 104.91 |
| 104.40 |
| ||||
NGLs ($/BBL) |
| 32.00 |
| 29.14 |
| 34.94 |
| 32.65 |
| ||||
|
|
|
|
|
|
|
|
|
| ||||
Total Worldwide |
|
|
|
|
|
|
|
|
| ||||
Oil ($/BBL) |
| 100.38 |
| 97.91 |
| 99.70 |
| 97.99 |
| ||||
NGLs ($/BBL) |
| 42.82 |
| 38.78 |
| 44.43 |
| 39.52 |
| ||||
Natural gas ($/MCF) |
| 3.07 |
| 2.83 |
| 3.20 |
| 2.60 |
| ||||
|
|
|
|
|
|
|
|
|
| ||||
INDEX PRICES |
|
|
|
|
|
|
|
|
| ||||
WTI oil ($/BBL) |
| 102.99 |
| 94.22 |
| 100.84 |
| 94.30 |
| ||||
Brent oil ($/BBL) |
| 109.77 |
| 103.35 |
| 108.83 |
| 108.00 |
| ||||
NYMEX gas ($/MCF) |
| 4.55 |
| 4.00 |
| 4.60 |
| 3.68 |
| ||||
|
|
|
|
|
|
|
|
|
| ||||
REALIZED PRICES AS PERCENTAGE OF INDEX PRICES |
|
|
|
|
|
|
|
|
| ||||
Worldwide oil as a percentage of WTI |
| 97% |
| 104% |
| 99% |
| 104% |
| ||||
Worldwide oil as a percentage of Brent |
| 91% |
| 95% |
| 92% |
| 91% |
| ||||
Worldwide NGLs as a percentage of WTI |
| 42% |
| 41% |
| 44% |
| 42% |
| ||||
Domestic natural gas as a percentage of NYMEX |
| 94% |
| 95% |
| 96% |
| 93% |
| ||||
|
|
|
|
|
|
|
|
|
| ||||
|
|
|
|
|
|
|
|
|
| ||||
|
|
|
|
|
|
|
|
|
| ||||
|
| Second Quarter |
| Six Months |
| ||||||||
|
| 2014 |
| 2013 |
| 2014 |
| 2013 |
| ||||
Exploration Expense |
|
|
|
|
|
|
|
|
| ||||
United States |
| $ | 29 |
| $ | 45 |
| $ | 70 |
| $ | 85 |
|
Middle East / North Africa |
| 25 |
| 33 |
| 39 |
| 43 |
| ||||
|
| $ | 54 |
| $ | 78 |
| $ | 109 |
| $ | 128 |
|
Investor Relations Supplemental Schedules
OCCIDENTAL PETROLEUM
SUMMARY OF OPERATING STATISTICS
|
| Second Quarter |
| Six Months |
| ||||||||||||
Capital Expenditures ($MM) |
| 2014 |
| 2013 |
| 2014 |
| 2013 |
| ||||||||
Oil & Gas |
|
|
|
|
|
|
|
|
| ||||||||
California |
| $ | 491 |
| $ | 362 |
| $ | 938 |
| $ | 679 |
| ||||
Permian |
| 594 |
| 436 |
| 1,086 |
| 871 |
| ||||||||
Midcontinent and other |
| 219 |
| 208 |
| 450 |
| 426 |
| ||||||||
Latin America |
| 74 |
| 75 |
| 141 |
| 145 |
| ||||||||
Middle East / North Africa |
| 554 |
| 549 |
| 1,008 |
| 1,096 |
| ||||||||
Exploration |
| 164 |
| 103 |
| 271 |
| 181 |
| ||||||||
Chemical |
| 71 |
| 103 |
| 112 |
| 168 |
| ||||||||
Midstream, marketing and other |
| 461 |
| 336 |
| 868 |
| 656 |
| ||||||||
Corporate |
| 30 |
| 38 |
| 53 |
| 58 |
| ||||||||
| TOTAL | 2,658 |
| 2,210 |
| 4,927 |
| 4,280 |
| ||||||||
Non-controlling interest contributions |
| (149) |
| (39) |
| (272) |
| (65) |
| ||||||||
Cracker JV contribution |
| 21 |
| - |
| 81 |
| - |
| ||||||||
|
| $ | 2,530 |
| $ | 2,171 |
| $ | 4,736 |
| $ | 4,215 |
| ||||
|
|
|
|
|
| ||||||||||||
|
|
|
|
|
| ||||||||||||
Depreciation, Depletion & |
| Second Quarter |
| Six Months |
| ||||||||||||
Amortization of Assets ($MM) |
| 2014 |
| 2013 |
| 2014 |
| 2013 |
| ||||||||
Oil & Gas |
|
|
|
|
|
|
|
|
| ||||||||
Domestic |
| $ | 796 |
| $ | 732 |
| $ | 1,572 |
| $ | 1,472 |
| ||||
Latin America |
| 35 |
| 27 |
| 77 |
| 57 |
| ||||||||
Middle East / North Africa |
| 331 |
| 395 |
| 628 |
| 740 |
| ||||||||
Chemical |
| 93 |
| 87 |
| 182 |
| 172 |
| ||||||||
Midstream, marketing and other |
| 54 |
| 52 |
| 108 |
| 102 |
| ||||||||
Corporate |
| 8 |
| 10 |
| 16 |
| 19 |
| ||||||||
| TOTAL | $ | 1,317 |
| $ | 1,303 |
| $ | 2,583 |
| $ | 2,562 |
| ||||