Attached files
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EX-99.3 - EXHIBIT 99.3 - OCCIDENTAL PETROLEUM CORP /DE/ | ex99_3-20100128.htm |
EX-99.4 - EXHIBIT 99.4 - OCCIDENTAL PETROLEUM CORP /DE/ | ex99_4-20100128.htm |
EX-99.1 - EXHIBIT 99.1 - OCCIDENTAL PETROLEUM CORP /DE/ | ex99_1-20100128.htm |
EX-99.2 - EXHIBIT 99.2 - OCCIDENTAL PETROLEUM CORP /DE/ | ex99_2-20100128.htm |
EX-99.5 - EXHIBIT 99.5 - OCCIDENTAL PETROLEUM CORP /DE/ | ex99_5-20100128.htm |
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 or 15(d) of the
Securities
Exchange Act of 1934
Date
of Report (Date of earliest event reported) January 28, 2010
OCCIDENTAL
PETROLEUM CORPORATION
(Exact
name of registrant as specified in its charter)
Delaware
|
1-9210
|
95-4035997
|
(State
or other jurisdiction
|
(Commission
|
(I.R.S.
Employer
|
of
incorporation)
|
File
Number)
|
Identification
No.)
|
10889
Wilshire Boulevard
|
||
Los
Angeles, California
|
90024
|
|
(Address
of principal executive offices)
|
(ZIP
code)
|
Registrant’s
telephone number, including area code:
(310)
208-8800
Check the
appropriate box below if the Form 8-K is intended to simultaneously satisfy the
filing obligation of the Registrant under any of the following provisions (see
General Instruction A.2. below):
[ ] Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
[ ] Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
[ ] Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
[ ] Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
Section
2 – Financial Information
Item
2.02. Results of Operations and
Financial Condition
On January 28, 2010, Occidental
Petroleum Corporation released information regarding its results of operations
for the three and twelve months ended December 31, 2009. The exhibits
to this Form 8-K and the information set forth in this Item 2.02 are being
furnished pursuant to Item 2.02, Results of Operations and Financial
Condition. The full text of the press release is attached to this
report as Exhibit 99.1. The full text of the speeches given by Dr.
Ray R. Irani and Stephen I. Chazen are attached to this report as Exhibit
99.2. Investor Relations Supplemental Schedules are attached to this
report as Exhibit 99.3. Earnings Conference Call Slides are attached
to this report as Exhibit 99.4. Forward-Looking Statements Disclosure
for Earnings Release Presentation Materials is attached to this report as
Exhibit 99.5.
Section
8 – Other Events
Item
8.01. Other
Events
On January 28, 2010, Occidental
Petroleum Corporation announced net income of $938 million ($1.15 per diluted
share) for the fourth quarter of 2009, compared with $443 million ($0.55 per
diluted share) for the fourth quarter of 2008. Core results for the
fourth quarter of 2009 were $1.1 billion ($1.30 per diluted share), compared
with $957 million ($1.18 per diluted share) for the fourth quarter of
2008. Core results excluded after-tax charges of $120 million ($0.15
per diluted share) for 2009 and $514 million ($0.63 per diluted share) for
2008.
Net income for the twelve months of
2009 was $2.9 billion ($3.58 per diluted share), compared with $6.9 billion
($8.34 per diluted share) for the twelve months of 2008. Full year
core results were $3.1 billion ($3.78 per diluted share) for 2009, compared with
$7.3 billion ($8.94 per diluted share) for 2008.
QUARTERLY
RESULTS
Oil and
Gas
Oil and gas segment earnings were $1.6
billion for the fourth quarter of 2009, compared with $339 million for the same
period in 2008. The fourth quarter of 2009 core results were $1.8
billion, excluding a pre-tax loss of $170 million related to impairment of
assets. The 2008 core results were $1 billion, excluding pre-tax
losses of $657 million relating to the impairment of assets and other
items. The $800 million increase in the fourth quarter of 2009 core
results was primarily due to higher crude oil prices and sales volumes and lower
operating costs.
For the fourth quarter of 2009, daily
oil and gas sales volumes averaged 650,000 barrels of oil equivalent (BOE),
compared with 620,000 BOE per day in the fourth quarter of 2008, a
year-over-year increase of nearly five percent. Volumes increased by
14 percent in the Middle East/North Africa, and two percent each in the United
States and Latin America. The Middle East/North Africa increase
included new production from the Bahrain start-up and increased production from
the Mukhaizna field in Oman.
Oxy's realized price for worldwide
crude oil was $69.39 per barrel for the fourth quarter of 2009, compared with
$53.52 per barrel for the fourth quarter of 2008. Domestic realized
gas prices dropped from $4.67 per MCF in the fourth quarter of 2008 to $4.37 per
MCF for the fourth quarter of 2009.
1
Chemicals
Chemical segment earnings for the
fourth quarter of 2009 were $33 million, compared with $127 million for the same
period in 2008. The fourth quarter of 2008 core results were $217
million after excluding a $90 million pre-tax loss related to plant closure and
impairments. The fourth quarter 2009 results reflect the continued
weakness in most domestic markets, but in particular U.S. housing, durable goods
and agricultural sectors.
Midstream, Marketing and
Other
Midstream segment earnings were $81
million for the fourth quarter of 2009, compared with $170 million for the
fourth quarter of 2008. Earnings for the fourth quarter of 2009
reflect lower margins in the marketing business in 2009, compared to 2008,
partially offset by higher pipeline income from Dolphin and improved margins in
the gas processing business.
TWELVE-MONTH
RESULTS
Oil and
Gas
Oil and gas segment earnings were $4.7
billion for the twelve months of 2009, compared with $10.7 billion for the same
period of 2008. Oil and gas core results, after excluding impairments
and rig termination costs, were $4.9 billion for the twelve months of 2009,
compared to $11.3 billion for the twelve months of 2008. The $6.4
billion decrease in the 2009 core results reflected lower crude oil and natural
gas prices, partially offset by increased oil and gas production and lower
operating costs.
Daily oil and gas sales volumes for the
year were 645,000 BOE per day for 2009, compared with 601,000 BOE per day for
the 2008 period, a year-over-year increase of seven percent. Volumes
increased 4 percent domestically, mainly in California and Midcontinent Gas, by
10 percent in Latin America, and 13 percent in the Middle East/North Africa. The
increase in the Middle East/North Africa resulted from higher production in the
Mukhaizna field in Oman and higher volumes resulting from lower year-over-year
average oil prices affecting our production sharing contracts.
Oxy's realized price for worldwide
crude oil was $55.97 per barrel for the twelve months of 2009, compared with
$88.26 per barrel for the twelve months of 2008. Domestic realized
gas prices decreased from $8.03 per MCF in the twelve months of 2008 to $3.46
per MCF in the twelve months of 2009.
Chemicals
Chemical segment earnings were $389
million for the twelve months of 2009 compared with $669 million for the twelve
months of 2008. The 2008 core results were $759 million after
excluding charges for plant closure and impairments. The decrease in
2009 results reflects lower volumes and prices for chlorine, caustic soda,
polyvinyl chloride, and vinyl chloride monomer due to the economic slow down,
partially offset by lower feedstock and energy costs.
Midstream, Marketing and
Other
Midstream segment earnings were $235
million for the twelve months of 2009, compared with $520 million for the same
period in 2008. The 2009 results reflect lower marketing income and
lower margins in the gas processing business.
2
Forward-Looking
Statements
Statements in this report that contain
words such as "will," “should,” "expect," or "estimate," or otherwise relate to
the future, are forward-looking and involve risks and uncertainties that could
significantly affect expected results. Factors that could cause
actual results to differ materially include, but are not limited to: global
commodity price fluctuations and supply/demand considerations for oil, gas and
chemicals; exploration risks, such as drilling of unsuccessful wells; not
successfully completing (or any material delay in) any expansions, field
development, capital projects, acquisitions, or dispositions;
higher-than-expected costs; political risk; operational interruptions; and
changes in tax rates. You should not place undue reliance on these
forward-looking statements which speak only as of the date of this
release. Unless legally required, Occidental does not undertake any
obligation to update any forward-looking statements as a result of new
information, future events or otherwise. U.S. investors are urged to
consider carefully the disclosures in our Form 10-K, available through the
following toll-free telephone number, 1-888-OXYPETE (1-888-699-7383) or on the
Internet at http://www.oxy.com. You also can obtain a copy from the
SEC by calling 1-800-SEC-0330.
3
SUMMARY
OF SEGMENT NET SALES AND EARNINGS
|
||||||||||||||||
Fourth
Quarter
|
Twelve
Months
|
|||||||||||||||
($
millions, except per-share amounts)
|
2009
|
2008
|
2009
|
2008
|
||||||||||||
SEGMENT
NET SALES
|
||||||||||||||||
Oil
and Gas
|
$
|
3,646
|
$
|
2,746
|
$
|
11,598
|
$
|
18,187
|
||||||||
Chemical
|
780
|
1,005
|
3,225
|
5,112
|
||||||||||||
Midstream,
Marketing and Other
|
253
|
394
|
1,016
|
1,598
|
||||||||||||
Eliminations
|
(140
|
)
|
(124
|
)
|
(436
|
)
|
(680
|
)
|
||||||||
Net
Sales
|
$
|
4,539
|
$
|
4,021
|
$
|
15,403
|
$
|
24,217
|
||||||||
SEGMENT
EARNINGS
|
||||||||||||||||
Oil
and Gas (a), (b)
|
$
|
1,643
|
$
|
339
|
$
|
4,735
|
$
|
10,651
|
||||||||
Chemical
(c)
|
33
|
127
|
389
|
669
|
||||||||||||
Midstream,
Marketing and Other
|
81
|
170
|
235
|
520
|
||||||||||||
1,757
|
636
|
5,359
|
11,840
|
|||||||||||||
Unallocated
Corporate Items
|
||||||||||||||||
Interest
expense, net
|
(33
|
)
|
(16
|
)
|
(109
|
)
|
(26
|
)
|
||||||||
Income
taxes
|
(673
|
)
|
(118
|
)
|
(1,918
|
)
|
(4,629
|
)
|
||||||||
Other
(d)
|
(108
|
)
|
(54
|
)
|
(405
|
)
|
(346
|
)
|
||||||||
Income
from Continuing Operations (a)
|
943
|
448
|
2,927
|
6,839
|
||||||||||||
Discontinued
operations, net
|
(5
|
)
|
(5
|
)
|
(12
|
)
|
18
|
|||||||||
NET
INCOME (a)
|
$
|
938
|
$
|
443
|
$
|
2,915
|
$
|
6,857
|
||||||||
BASIC
EARNINGS PER COMMON SHARE
|
||||||||||||||||
Income
from continuing operations
|
$
|
1.16
|
$
|
0.55
|
$
|
3.60
|
$
|
8.35
|
||||||||
Discontinued
operations, net
|
(0.01
|
)
|
-
|
(0.01
|
)
|
0.02
|
||||||||||
$
|
1.15
|
$
|
0.55
|
$
|
3.59
|
$
|
8.37
|
|||||||||
DILUTED
EARNINGS PER COMMON SHARE
|
||||||||||||||||
Income
from continuing operations
|
$
|
1.16
|
$
|
0.55
|
$
|
3.59
|
$
|
8.32
|
||||||||
Discontinued
operations, net
|
(0.01
|
)
|
-
|
(0.01
|
)
|
0.02
|
||||||||||
$
|
1.15
|
$
|
0.55
|
$
|
3.58
|
$
|
8.34
|
|||||||||
AVERAGE
BASIC COMMON SHARES OUTSTANDING
|
||||||||||||||||
BASIC
|
811.8
|
810.3
|
811.3
|
817.6
|
||||||||||||
DILUTED
|
813.5
|
811.5
|
813.8
|
820.5
|
||||||||||||
(a)
Net Income - Net
income and income from continuing operations represent amounts
attributable to Common Stock, after deducting non-controlling interest
amounts of $16 million and $12 million for the fourth quarter and $51
million and $116 million for the twelve months ended December 31, 2009 and
2008, respectively. Oil and gas segment earnings are presented
net of these non-controlling interest amounts.
|
||||||||||||||||
(b)
Oil and Gas - The
fourth quarter and twelve months of 2009 include a pre-tax charge for
asset impairment for $170 million. The twelve months of 2009
also includes $8 million for rig contract termination
costs. The fourth quarter and 12 months 2008 include pre-tax
charges of $599 million for asset impairments and $58 million for the
termination of rig contracts.
|
||||||||||||||||
(c)
Chemical - The
fourth quarter and 12 months of 2008 include a pre-tax charge of $90
million for plant closure and impairments costs.
|
||||||||||||||||
(d)
Unallocated Corporate
Items - Other - The twelve months of 2009 includes non-core pre-tax
charges of $40 million related to severance and $15 million for
railcar leases.
|
4
Attachment
2
|
||||||||||||||||
SUMMARY
OF CAPITAL EXPENDITURES AND DD&A EXPENSE
|
||||||||||||||||
Fourth
Quarter
|
Twelve
Months
|
|||||||||||||||
($
millions)
|
2009
|
2008
|
2009
|
2008
|
||||||||||||
CAPITAL
EXPENDITURES
|
$
|
932
|
$
|
1,594
|
$
|
3,581
|
$
|
4,664
|
||||||||
DEPRECIATION,
DEPLETION AND
|
||||||||||||||||
AMORTIZATION
OF ASSETS
|
$
|
820
|
$
|
753
|
$
|
3,117
|
$
|
2,710
|
||||||||
ITEMS
AFFECTING COMPARABILITY OF CORE EARNINGS BETWEEN
PERIODS
|
||||||||||||||||
Fourth
Quarter
|
Twelve
Months
|
|||||||||||||||
($
millions)
|
2009
|
2008
|
2009
|
2008
|
||||||||||||
Foreign
exchange gains *
|
$
|
8
|
$
|
88
|
$
|
36
|
$
|
91
|
||||||||
*
Amounts shown after tax.
|
5
Attachment
3
|
||||||||||||
SUMMARY
OF OPERATING STATISTICS - SALES
|
||||||||||||
Fourth
Quarter
|
Twelve
Months
|
|||||||||||
2009
|
2008
|
2009
|
2008
|
|||||||||
NET
OIL, GAS AND LIQUIDS SALES PER DAY
|
||||||||||||
United
States
|
||||||||||||
Crude
Oil and Liquids (MBBL)
|
||||||||||||
California
|
92
|
97
|
93
|
89
|
||||||||
Permian
|
168
|
167
|
168
|
168
|
||||||||
Midcontinent
Gas
|
11
|
9
|
10
|
6
|
||||||||
Total
|
271
|
273
|
271
|
263
|
||||||||
Natural
Gas (MMCF)
|
||||||||||||
California
|
282
|
221
|
250
|
235
|
||||||||
Permian
|
197
|
188
|
199
|
181
|
||||||||
Midcontinent
Gas
|
166
|
187
|
186
|
171
|
||||||||
Total
|
645
|
596
|
635
|
587
|
||||||||
Latin
America
|
||||||||||||
Crude
Oil (MBBL)
|
||||||||||||
Argentina
|
37
|
32
|
37
|
32
|
||||||||
Colombia
|
36
|
39
|
39
|
37
|
||||||||
Total
|
73
|
71
|
76
|
69
|
||||||||
Natural
Gas (MMCF)
|
||||||||||||
Argentina
|
30
|
24
|
30
|
21
|
||||||||
Bolivia
|
12
|
21
|
16
|
21
|
||||||||
Total
|
42
|
45
|
46
|
42
|
||||||||
Middle
East / North Africa
|
||||||||||||
Crude
Oil and Liquids (MBBL)
|
||||||||||||
Oman
|
43
|
27
|
39
|
23
|
||||||||
Dolphin
|
20
|
23
|
21
|
21
|
||||||||
Qatar
|
48
|
48
|
48
|
47
|
||||||||
Yemen
|
28
|
22
|
29
|
23
|
||||||||
Libya
|
9
|
10
|
7
|
15
|
||||||||
Bahrain
|
1
|
-
|
-
|
-
|
||||||||
Total
|
149
|
130
|
144
|
129
|
||||||||
Natural
Gas (MMCF)
|
||||||||||||
Oman
|
19
|
23
|
22
|
24
|
||||||||
Dolphin
|
198
|
209
|
213
|
184
|
||||||||
Bahrain
|
40
|
-
|
10
|
-
|
||||||||
Total
|
257
|
232
|
245
|
208
|
||||||||
Barrels
of Oil Equivalent (MBOE)
|
650
|
620
|
645
|
601
|
6
Attachment
4
|
||||||||||||
SUMMARY
OF OPERATING STATISTICS - PRODUCTION
|
||||||||||||
Fourth
Quarter
|
Twelve
Months
|
|||||||||||
2009
|
2008
|
2009
|
2008
|
|||||||||
NET
OIL, GAS AND LIQUIDS PRODUCTION PER DAY
|
||||||||||||
United
States
|
||||||||||||
Crude
Oil and Liquids (MBBL)
|
271
|
273
|
271
|
263
|
||||||||
Natural
Gas (MMCF)
|
645
|
596
|
635
|
587
|
||||||||
Latin
America
|
||||||||||||
Crude
Oil (MBBL)
|
||||||||||||
Argentina
|
36
|
38
|
36
|
34
|
||||||||
Colombia
|
36
|
39
|
39
|
38
|
||||||||
Total
|
72
|
77
|
75
|
72
|
||||||||
Natural
Gas (MMCF)
|
42
|
45
|
46
|
42
|
||||||||
Middle
East / North Africa
|
||||||||||||
Crude
Oil and Liquids (MBBL)
|
||||||||||||
Oman
|
45
|
28
|
39
|
23
|
||||||||
Dolphin
|
20
|
22
|
22
|
20
|
||||||||
Qatar
|
46
|
48
|
48
|
47
|
||||||||
Yemen
|
27
|
22
|
28
|
23
|
||||||||
Libya
|
5
|
8
|
6
|
15
|
||||||||
Bahrain
|
1
|
-
|
-
|
-
|
||||||||
Total
|
144
|
128
|
143
|
128
|
||||||||
Natural
Gas (MMCF)
|
257
|
232
|
245
|
208
|
||||||||
Barrels
of Oil Equivalent (MBOE)
|
644
|
623
|
643
|
603
|
7
Attachment
5
|
||||||||||||||||
SIGNIFICANT
TRANSACTIONS AND EVENTS AFFECTING EARNINGS
|
||||||||||||||||
Occidental's
results of operations often include the effects of significant
transactions and events affecting earnings that vary widely and
unpredictably in nature, timing and amount. These events may recur, even
across successive reporting periods. Therefore, management uses
a measure called "core results," which excludes those items. This non-GAAP
measure is not meant to disassociate those items from management's
performance, but rather is meant to provide useful information to
investors interested in comparing Occidental's earnings performance
between periods. Reported earnings are considered representative of
management's performance over the long term. Core results is not
considered to be an alternative to operating income in accordance with
generally accepted accounting principles.
|
||||||||||||||||
Fourth
Quarter
|
||||||||||||||||
($
millions, except per-share amounts)
|
2009
|
Diluted
EPS
|
2008
|
Diluted
EPS
|
||||||||||||
TOTAL
REPORTED EARNINGS
|
$
|
938
|
$
|
1.15
|
$
|
443
|
$
|
0.55
|
||||||||
Oil
and Gas
|
||||||||||||||||
Segment
Earnings
|
$
|
1,643
|
$
|
339
|
||||||||||||
Add:
|
||||||||||||||||
Asset
impairments
|
170
|
599
|
||||||||||||||
Rig
contract terminations
|
-
|
58
|
||||||||||||||
Segment
Core Results
|
1,813
|
996
|
||||||||||||||
Chemicals
|
||||||||||||||||
Segment
Earnings
|
33
|
127
|
||||||||||||||
Add:
|
||||||||||||||||
Plant
closure and impairments
|
-
|
90
|
||||||||||||||
Segment
Core Results
|
33
|
217
|
||||||||||||||
Midstream,
Marketing and Other
|
||||||||||||||||
Segment
Earnings
|
81
|
170
|
||||||||||||||
Add:
|
||||||||||||||||
No
significant items affecting earnings
|
-
|
-
|
||||||||||||||
Segment
Core Results
|
81
|
170
|
||||||||||||||
Total
Segment Core Results
|
1,927
|
1,383
|
||||||||||||||
Corporate
|
||||||||||||||||
Corporate
Results --
|
||||||||||||||||
Non
Segment *
|
(819
|
)
|
(193
|
)
|
||||||||||||
Add:
|
||||||||||||||||
Tax
effect of pre-tax adjustments
|
(55
|
)
|
(238
|
)
|
||||||||||||
Discontinued
operations, net **
|
5
|
5
|
||||||||||||||
Corporate
Core Results - Non Segment
|
(869
|
)
|
(426
|
)
|
||||||||||||
TOTAL
CORE RESULTS
|
$
|
1,058
|
$
|
1.30
|
$
|
957
|
$
|
1.18
|
||||||||
* Interest
expense, income taxes, G&A expense and other
|
||||||||||||||||
**
Amounts shown after tax.
|
8
Attachment
6
|
||||||||||||||||
SIGNIFICANT
TRANSACTIONS AND EVENTS AFFECTING EARNINGS (continued)
|
||||||||||||||||
Twelve
Months
|
||||||||||||||||
($
millions, except per-share amounts)
|
2009
|
Diluted
EPS
|
2008
|
Diluted
EPS
|
||||||||||||
TOTAL
REPORTED EARNINGS
|
$
|
2,915
|
$
|
3.58
|
$
|
6,857
|
$
|
8.34
|
||||||||
Oil
and Gas
|
||||||||||||||||
Segment
Earnings
|
$
|
4,735
|
$
|
10,651
|
||||||||||||
Add:
|
||||||||||||||||
Asset
impairments
|
170
|
599
|
||||||||||||||
Rig
contract terminations
|
8
|
58
|
||||||||||||||
Segment
Core Results
|
4,913
|
11,308
|
||||||||||||||
Chemicals
|
||||||||||||||||
Segment
Earnings
|
389
|
669
|
||||||||||||||
Add:
|
||||||||||||||||
Plant
closure and impairments
|
-
|
90
|
||||||||||||||
Segment
Core Results
|
389
|
759
|
||||||||||||||
Midstream,
Marketing and Other
|
||||||||||||||||
Segment
Earnings
|
235
|
520
|
||||||||||||||
Add:
|
||||||||||||||||
No
significant items affecting earnings
|
-
|
-
|
||||||||||||||
Segment
Core Results
|
235
|
520
|
||||||||||||||
Total
Segment Core Results
|
5,537
|
12,587
|
||||||||||||||
Corporate
|
||||||||||||||||
Corporate
Results --
|
||||||||||||||||
Non
Segment *
|
(2,444
|
)
|
(4,983
|
)
|
||||||||||||
Add:
|
||||||||||||||||
Railcar
leases
|
15
|
-
|
||||||||||||||
Severance
accruals
|
40
|
-
|
||||||||||||||
Tax
effect of pre-tax adjustments
|
(77
|
)
|
(238
|
)
|
||||||||||||
Discontinued
operations, net **
|
12
|
(18
|
)
|
|||||||||||||
Corporate
Core Results - Non Segment
|
(2,454
|
)
|
(5,239
|
)
|
||||||||||||
TOTAL
CORE RESULTS
|
$
|
3,083
|
$
|
3.78
|
$
|
7,348
|
$
|
8.94
|
||||||||
* Interest
expense, income taxes, G&A expense and other
|
||||||||||||||||
**
Amounts shown after tax.
|
9
Section
9 - Financial Statements and Exhibits
Item
9.01. Financial Statements and
Exhibits
(d) Exhibits
99.1
|
Press
release dated January 28, 2010.
|
|
99.2
|
Full
text of speeches given by Dr. Ray R. Irani and Stephen I.
Chazen.
|
|
99.3
|
Investor
Relations Supplemental Schedules.
|
|
99.4
|
Earnings
Conference Call Slides.
|
|
99.5
|
Forward-Looking
Statements Disclosure for Earnings Release Presentation
Materials.
|
10
SIGNATURE
Pursuant
to the requirements of the Securities Exchange Act of 1934, the Registrant has
duly caused this report to be signed on its behalf by the undersigned hereunto
duly authorized.
OCCIDENTAL
PETROLEUM CORPORATION
|
||
(Registrant)
|
||
DATE: January
28, 2010
|
/s/
ROY PINECI
|
|
Roy
Pineci, Vice President, Controller
|
||
and
Principal Accounting Officer
|
||
11
EXHIBIT
INDEX
99.1
|
Press
release dated January 28, 2010.
|
|
99.2
|
Full
text of speeches given by Dr. Ray R. Irani and Stephen I.
Chazen.
|
|
99.3
|
Investor
Relations Supplemental Schedules.
|
|
99.4
|
Earnings
Conference Call Slides.
|
|
99.5
|
Forward-Looking
Statements Disclosure for Earnings Release Presentation
Materials.
|