Occidental Petroleum Corporatio (OXY) 8-K Occidental Petroleum Announces 2nd Quarter and Six Months 2014 Financial Results

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

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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

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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.

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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

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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.

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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	%

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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		%

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Investor Relations Supplemental Schedules

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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	%

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Investor Relations Supplemental Schedules

10

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

11

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

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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

13

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

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Investor Relations Supplemental Schedules

OCCIDENTAL PETROLEUM

CORPORATE

($ millions)

	30-Jun-14				31-Dec-13
CAPITALIZATION
Long-Term Debt (including current maturities)		$	6,835			$	6,939
EQUITY		$	43,812			$	43,372
Total Debt To Total Capitalization		13		%		14		%

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