Attached files
| file | filename |
|---|---|
| 8-K - FORM 8-K - OCCIDENTAL PETROLEUM CORP /DE/ | form8k-20110726.htm |
| EX-99.1 - EXHIBIT 99.1 - OCCIDENTAL PETROLEUM CORP /DE/ | ex99_1-20110726.htm |
| EX-99.2 - EXHIBIT 99.2 - OCCIDENTAL PETROLEUM CORP /DE/ | ex99_2-20110726.htm |
| EX-99.5 - EXHIBIT 99.5 - OCCIDENTAL PETROLEUM CORP /DE/ | ex99_5-20110726.htm |
| EX-99.4 - EXHIBIT 99.4 - OCCIDENTAL PETROLEUM CORP /DE/ | ex99_4-20110726.htm |
EXHIBIT 99.3
Investor Relations Supplemental Schedules
|
Investor Relations Supplemental Schedules
|
|||||||
|
Summary
|
|||||||
|
($ Millions)
|
|||||||
|
2Q 2011
|
2Q 2010
|
||||||
|
Core Results
|
$1,819
|
$1,077
|
|||||
|
EPS - Diluted
|
$2.23
|
$1.32
|
|||||
|
Reported Net Income
|
$1,817
|
$1,063
|
|||||
|
EPS - Diluted
|
$2.23
|
$1.31
|
|||||
|
Total Worldwide Sales Volumes (mboe/day)
|
705
|
705
|
|||||
|
Total Worldwide Production Volumes (mboe/day)
|
715
|
701
|
|||||
|
Total Worldwide Crude Oil Realizations ($/BBL)
|
$103.12
|
$74.39
|
|||||
|
Total Worldwide NGL Realizations ($/BBL)
|
$57.67
|
$44.08
|
|||||
|
Domestic Natural Gas Realizations ($/MCF)
|
$4.27
|
$4.19
|
|||||
|
Wtd. Average Basic Shares O/S (mm)
|
812.5
|
812.6
|
|||||
|
Wtd. Average Diluted Shares O/S (mm)
|
813.3
|
813.8
|
|||||
|
YTD 2011
|
YTD 2010
|
||||||
|
Core Results
|
$3,412
|
$2,174
|
|||||
|
EPS - Diluted
|
$4.19
|
$2.67
|
|||||
|
Reported Net Income
|
$3,366
|
$2,127
|
|||||
|
EPS - Diluted
|
$4.13
|
$2.61
|
|||||
|
Total Worldwide Sales Volumes (mboe/day)
|
717
|
695
|
|||||
|
Total Worldwide Production Volumes (mboe/day)
|
723
|
701
|
|||||
|
Total Worldwide Crude Oil Realizations ($/BBL)
|
$97.38
|
$74.24
|
|||||
|
Total Worldwide NGL Realizations ($/BBL)
|
$55.38
|
$45.73
|
|||||
|
Domestic Natural Gas Realizations ($/MCF)
|
$4.24
|
$4.90
|
|||||
|
Wtd. Average Basic Shares O/S (mm)
|
812.5
|
812.3
|
|||||
|
Wtd. Average Diluted Shares O/S (mm)
|
813.3
|
813.7
|
|||||
|
Shares Outstanding (mm)
|
812.8
|
812.2
|
|||||
|
Cash Flow from Operations
|
$
|
5,600
|
$
|
4,300
|
|||
1
Investor Relations Supplemental Schedules
|
OCCIDENTAL PETROLEUM
|
|||||||||||||
|
2011 Second Quarter
|
|||||||||||||
|
Net Income (Loss)
|
|||||||||||||
|
($ millions)
|
|||||||||||||
|
Reported
|
Core
|
||||||||||||
|
Income
|
Significant Items Affecting Income
|
Results | |||||||||||
|
Oil & Gas
|
$
|
2,624
|
$
|
2,624
|
|||||||||
|
Chemical
|
253
|
253
|
|||||||||||
|
Midstream, marketing and other
|
187
|
187
|
|||||||||||
|
Corporate
|
|||||||||||||
|
Interest expense, net
|
(22
|
)
|
(22
|
)
|
|||||||||
|
Other
|
(112
|
)
|
(112
|
)
|
|||||||||
|
Taxes
|
(1,111
|
)
|
(1,111
|
)
|
|||||||||
|
Income from continuing operations
|
1,819
|
-
|
1,819
|
||||||||||
|
Discontinued operations, net of tax
|
(2
|
)
|
2
|
Discontinued operations, net
|
-
|
||||||||
|
Net Income
|
$
|
1,817
|
$
|
2
|
$
|
1,819
|
|||||||
|
Basic Earnings Per Common Share
|
|||||||||||||
|
Income from continuing operations
|
$
|
2.23
|
|||||||||||
|
Discontinued operations, net
|
-
|
||||||||||||
|
Net Income
|
$
|
2.23
|
$
|
2.23
|
|||||||||
|
Diluted Earnings Per Common Share
|
|||||||||||||
|
Income from continuing operations
|
$
|
2.23
|
|||||||||||
|
Discontinued operations, net
|
-
|
||||||||||||
|
Net Income
|
$
|
2.23
|
$
|
2.23
|
|||||||||
2
Investor Relations Supplemental Schedules
|
OCCIDENTAL PETROLEUM
|
|||||||||||||
|
2010 Second Quarter
|
|||||||||||||
|
Net Income (Loss)
|
|||||||||||||
|
($ millions)
|
|||||||||||||
|
Reported
|
Core
|
||||||||||||
|
Income
|
Significant Items Affecting Income
|
Results
|
|||||||||||
|
Oil & Gas
|
$
|
1,867
|
$
|
1,867
|
|||||||||
|
Chemical
|
108
|
108
|
|||||||||||
|
Midstream, marketing and other
|
13
|
13
|
|||||||||||
|
Corporate
|
|||||||||||||
|
Interest expense, net
|
(20
|
)
|
(20
|
)
|
|||||||||
|
Other
|
(82
|
)
|
(82
|
)
|
|||||||||
|
Taxes
|
(809
|
)
|
(809
|
)
|
|||||||||
|
Income from continuing operations
|
1,077
|
-
|
1,077
|
||||||||||
|
Discontinued operations, net of tax
|
(14
|
)
|
14
|
Discontinued operations, net
|
-
|
||||||||
|
Net Income
|
$
|
1,063
|
$
|
14
|
$
|
1,077
|
|||||||
|
Basic Earnings Per Common Share
|
|||||||||||||
|
Income from continuing operations
|
$
|
1.32
|
|||||||||||
|
Discontinued operations, net
|
(0.01
|
)
|
|||||||||||
|
Net Income
|
$
|
1.31
|
$
|
1.32
|
|||||||||
|
Diluted Earnings Per Common Share
|
|||||||||||||
|
Income from continuing operations
|
$
|
1.32
|
|||||||||||
|
Discontinued operations, net
|
(0.01
|
)
|
|||||||||||
|
Net Income
|
$
|
1.31
|
$
|
1.32
|
|||||||||
3
Investor Relations Supplemental Schedules
|
OCCIDENTAL PETROLEUM
|
|||||||||||||
|
2011 Six Months
|
|||||||||||||
|
Net Income (Loss)
|
|||||||||||||
|
($ millions)
|
|||||||||||||
|
Reported
|
Core
|
||||||||||||
|
Income
|
Significant Items Affecting Income
|
Results
|
|||||||||||
|
Oil & Gas
|
$
|
5,092
|
$
|
35
|
Libya exploration write-off
|
$
|
5,134
|
||||||
|
(22
|
)
|
Gain on sale of Colombia pipeline interest
|
|||||||||||
|
29
|
Foreign tax
|
||||||||||||
|
Chemical
|
472
|
472
|
|||||||||||
|
Midstream, marketing and other
|
301
|
301
|
|||||||||||
|
Corporate
|
|||||||||||||
|
Interest expense, net
|
(236
|
)
|
163
|
Premium on debt extinguishments
|
(73
|
)
|
|||||||
|
Other
|
(240
|
)
|
(240
|
)
|
|||||||||
|
Taxes
|
(2,165
|
)
|
(50
|
)
|
Tax effect of adjustments
|
(2,182
|
)
|
||||||
|
33
|
State income tax charge
|
||||||||||||
|
Income from continuing operations
|
3,224
|
188
|
3,412
|
||||||||||
|
Discontinued operations, net of tax
|
142
|
(142
|
)
|
Discontinued operations, net
|
-
|
||||||||
|
Net Income
|
$
|
3,366
|
$
|
46
|
$
|
3,412
|
|||||||
|
Basic Earnings Per Common Share
|
|||||||||||||
|
Income from continuing operations
|
$
|
3.96
|
|||||||||||
|
Discontinued operations, net
|
0.18
|
||||||||||||
|
Net Income
|
$
|
4.14
|
$
|
4.19
|
|||||||||
|
Diluted Earnings Per Common Share
|
|||||||||||||
|
Income from continuing operations
|
$
|
3.96
|
|||||||||||
|
Discontinued operations, net
|
0.17
|
||||||||||||
|
Net Income
|
$
|
4.13
|
$
|
4.19
|
|||||||||
4
Investor Relations Supplemental Schedules
|
OCCIDENTAL PETROLEUM
|
|||||||||||||
|
2010 Six Months
|
|||||||||||||
|
Net Income (Loss)
|
|||||||||||||
|
($ millions)
|
|||||||||||||
|
Reported
|
Core
|
||||||||||||
|
Income
|
Significant Items Affecting Income
|
Results
|
|||||||||||
|
Oil & Gas
|
$
|
3,728
|
$
|
3,728
|
|||||||||
|
Chemical
|
138
|
138
|
|||||||||||
|
Midstream, marketing and other
|
107
|
107
|
|||||||||||
|
Corporate
|
|||||||||||||
|
Interest expense, net
|
(55
|
)
|
(55
|
)
|
|||||||||
|
Other
|
(189
|
)
|
(189
|
)
|
|||||||||
|
Taxes
|
(1,555
|
)
|
(1,555
|
)
|
|||||||||
|
Income from continuing operations
|
2,174
|
-
|
2,174
|
||||||||||
|
Discontinued operations, net of tax
|
(47
|
)
|
47
|
Discontinued operations, net
|
-
|
||||||||
|
Net Income
|
$
|
2,127
|
$
|
47
|
$
|
2,174
|
|||||||
|
Basic Earnings Per Common Share
|
|||||||||||||
|
Income from continuing operations
|
$
|
2.67
|
|||||||||||
|
Discontinued operations, net
|
(0.06
|
)
|
|||||||||||
|
Net Income
|
$
|
2.61
|
$
|
2.67
|
|||||||||
|
Diluted Earnings Per Common Share
|
|||||||||||||
|
Income from continuing operations
|
$
|
2.67
|
|||||||||||
|
Discontinued operations, net
|
(0.06
|
)
|
|||||||||||
|
Net Income
|
$
|
2.61
|
$
|
2.67
|
|||||||||
5
Investor Relations Supplemental Schedules
|
OCCIDENTAL PETROLEUM
|
||||||||||||||
|
Worldwide Effective Tax Rate
|
||||||||||||||
|
QUARTERLY
|
YEAR-TO-DATE
|
|||||||||||||
|
2011
|
2011
|
2010
|
2011
|
2010
|
||||||||||
|
REPORTED INCOME
|
QTR 2
|
QTR 1
|
QTR 2
|
6 Months
|
6 Months
|
|||||||||
|
Oil & Gas
|
2,624
|
2,468
|
1,867
|
5,092
|
3,728
|
|||||||||
|
Chemicals
|
253
|
219
|
108
|
472
|
138
|
|||||||||
|
Midstream, marketing and other
|
187
|
114
|
13
|
301
|
107
|
|||||||||
|
Corporate & other
|
(134
|
)
|
(342
|
)
|
(102
|
)
|
(476
|
)
|
(244
|
)
|
||||
|
Pre-tax income
|
2,930
|
2,459
|
1,886
|
5,389
|
3,729
|
|||||||||
|
Income tax expense
|
||||||||||||||
|
Federal and state
|
557
|
369
|
329
|
927
|
636
|
|||||||||
|
Foreign
|
554
|
685
|
480
|
1,238
|
919
|
|||||||||
|
Total
|
1,111
|
1,054
|
809
|
2,165
|
1,555
|
|||||||||
|
Income from continuing operations
|
1,819
|
1,405
|
1,077
|
3,224
|
2,174
|
|||||||||
|
Worldwide effective tax rate
|
38%
|
43%
|
43%
|
40%
|
42%
|
|||||||||
|
2011
|
2011
|
2010
|
2011
|
2010
|
||||||||||
|
CORE RESULTS
|
QTR 2
|
QTR 1
|
QTR 2
|
6 Months
|
6 Months
|
|||||||||
|
Oil & Gas
|
2,624
|
2,510
|
1,867
|
5,134
|
3,728
|
|||||||||
|
Chemicals
|
253
|
219
|
108
|
472
|
138
|
|||||||||
|
Midstream, marketing and other
|
187
|
114
|
13
|
301
|
107
|
|||||||||
|
Corporate & other
|
(134
|
)
|
(179
|
)
|
(102
|
)
|
(313
|
)
|
(244
|
)
|
||||
|
Pre-tax income
|
2,930
|
2,664
|
1,886
|
5,594
|
3,729
|
|||||||||
|
Income tax expense
|
||||||||||||||
|
Federal and state
|
557
|
399
|
329
|
957
|
636
|
|||||||||
|
Foreign
|
554
|
672
|
480
|
1,225
|
919
|
|||||||||
|
Total
|
1,111
|
1,071
|
809
|
2,182
|
1,555
|
|||||||||
|
Core results
|
1,819
|
1,593
|
1,077
|
3,412
|
2,174
|
|||||||||
|
Worldwide effective tax rate
|
38%
|
40%
|
43%
|
39%
|
42%
|
|||||||||
6
Investor Relations Supplemental Schedules
|
OCCIDENTAL PETROLEUM
|
||||||||||||
|
2011 Second Quarter Net Income (Loss)
|
||||||||||||
|
Reported Income Comparison
|
||||||||||||
|
Second
|
First
|
|||||||||||
|
Quarter
|
Quarter
|
|||||||||||
|
2011
|
2011
|
B / (W)
|
||||||||||
|
Oil & Gas
|
$
|
2,624
|
$
|
2,468
|
$
|
156
|
||||||
|
Chemical
|
253
|
219
|
34
|
|||||||||
|
Midstream, marketing and other
|
187
|
114
|
73
|
|||||||||
|
Corporate
|
||||||||||||
|
Interest expense, net
|
(22
|
)
|
(214
|
)
|
192
|
|||||||
|
Other
|
(112
|
)
|
(128
|
)
|
16
|
|||||||
|
Taxes
|
(1,111
|
)
|
(1,054
|
)
|
(57
|
)
|
||||||
|
Income from continuing operations
|
1,819
|
1,405
|
414
|
|||||||||
|
Discontinued operations, net
|
(2
|
)
|
144
|
(146
|
)
|
|||||||
|
Net Income
|
$
|
1,817
|
$
|
1,549
|
$
|
268
|
||||||
|
Earnings Per Common Share
|
||||||||||||
|
Basic
|
$
|
2.23
|
$
|
1.90
|
$
|
0.33
|
||||||
|
Diluted
|
$
|
2.23
|
$
|
1.90
|
$
|
0.33
|
||||||
|
Worldwide Effective Tax Rate
|
38%
|
43%
|
5%
|
|||||||||
|
OCCIDENTAL PETROLEUM
|
||||||||||||
|
2011 Second Quarter Net Income (Loss)
|
||||||||||||
|
Core Results Comparison
|
||||||||||||
|
Second
|
First
|
|||||||||||
|
Quarter
|
Quarter
|
|||||||||||
|
2011
|
2011
|
B / (W)
|
||||||||||
|
Oil & Gas
|
$
|
2,624
|
$
|
2,510
|
$
|
114
|
||||||
|
Chemical
|
253
|
219
|
34
|
|||||||||
|
Midstream, marketing and other
|
187
|
114
|
73
|
|||||||||
|
Corporate
|
||||||||||||
|
Interest expense, net
|
(22
|
)
|
(51
|
)
|
29
|
|||||||
|
Other
|
(112
|
)
|
(128
|
)
|
16
|
|||||||
|
Taxes
|
(1,111
|
)
|
(1,071
|
)
|
(40
|
)
|
||||||
|
Core Results
|
$
|
1,819
|
$
|
1,593
|
$
|
226
|
||||||
|
Core Results Per Common Share
|
||||||||||||
|
Basic
|
$
|
2.23
|
$
|
1.96
|
$
|
0.27
|
||||||
|
Diluted
|
$
|
2.23
|
$
|
1.96
|
$
|
0.27
|
||||||
|
Worldwide Effective Tax Rate
|
38%
|
40%
|
2%
|
|||||||||
7
Investor Relations Supplemental Schedules
8
Investor Relations Supplemental Schedules
|
OCCIDENTAL PETROLEUM
|
||||||||||||
|
2011 Second Quarter Net Income (Loss)
|
||||||||||||
|
Reported Income Comparison
|
||||||||||||
|
Second
|
Second
|
|||||||||||
|
Quarter
|
Quarter
|
|||||||||||
|
2011
|
2010
|
B / (W)
|
||||||||||
|
Oil & Gas
|
$
|
2,624
|
$
|
1,867
|
$
|
757
|
||||||
|
Chemical
|
253
|
108
|
145
|
|||||||||
|
Midstream, marketing and other
|
187
|
13
|
174
|
|||||||||
|
Corporate
|
||||||||||||
|
Interest expense, net
|
(22
|
)
|
(20
|
)
|
(2
|
)
|
||||||
|
Other
|
(112
|
)
|
(82
|
)
|
(30
|
)
|
||||||
|
Taxes
|
(1,111
|
)
|
(809
|
)
|
(302
|
)
|
||||||
|
Income from continuing operations
|
1,819
|
1,077
|
742
|
|||||||||
|
Discontinued operations, net
|
(2
|
)
|
(14
|
)
|
12
|
|||||||
|
Net Income
|
$
|
1,817
|
$
|
1,063
|
$
|
754
|
||||||
|
Earnings Per Common Share
|
||||||||||||
|
Basic
|
$
|
2.23
|
$
|
1.31
|
$
|
0.92
|
||||||
|
Diluted
|
$
|
2.23
|
$
|
1.31
|
$
|
0.92
|
||||||
|
Worldwide Effective Tax Rate
|
38%
|
43%
|
5%
|
|||||||||
|
OCCIDENTAL PETROLEUM
|
||||||||||||
|
2011 Second Quarter Net Income (Loss)
|
||||||||||||
|
Core Results Comparison
|
||||||||||||
|
Second
|
Second
|
|||||||||||
|
Quarter
|
Quarter
|
|||||||||||
|
2011
|
2010
|
B / (W)
|
||||||||||
|
Oil & Gas
|
$
|
2,624
|
$
|
1,867
|
$
|
757
|
||||||
|
Chemical
|
253
|
108
|
145
|
|||||||||
|
Midstream, marketing and other
|
187
|
13
|
174
|
|||||||||
|
Corporate
|
||||||||||||
|
Interest expense, net
|
(22
|
)
|
(20
|
)
|
(2
|
)
|
||||||
|
Other
|
(112
|
)
|
(82
|
)
|
(30
|
)
|
||||||
|
Taxes
|
(1,111
|
)
|
(809
|
)
|
(302
|
)
|
||||||
|
Core Results
|
$
|
1,819
|
$
|
1,077
|
$
|
742
|
||||||
|
Core Results Per Common Share
|
||||||||||||
|
Basic
|
$
|
2.23
|
$
|
1.32
|
$
|
0.91
|
||||||
|
Diluted
|
$
|
2.23
|
$
|
1.32
|
$
|
0.91
|
||||||
|
Worldwide Effective Tax Rate
|
38%
|
43%
|
5%
|
|||||||||
9
Investor Relations Supplemental Schedules
10
Investor Relations Supplemental Schedules
|
OCCIDENTAL PETROLEUM
|
||||||||||||||
|
SUMMARY OF OPERATING STATISTICS
|
||||||||||||||
|
Second Quarter
|
Six Months
|
|||||||||||||
|
2011
|
2010
|
2011
|
2010
|
|||||||||||
|
NET PRODUCTION PER DAY:
|
||||||||||||||
|
United States
|
||||||||||||||
|
Crude Oil (MBBL)
|
||||||||||||||
|
California
|
78
|
75
|
77
|
76
|
||||||||||
|
Permian
|
132
|
135
|
132
|
136
|
||||||||||
|
Midcontinent and other
|
16
|
7
|
15
|
7
|
||||||||||
|
Total
|
226
|
217
|
224
|
219
|
||||||||||
|
NGL (MBBL)
|
||||||||||||||
|
California
|
15
|
17
|
15
|
17
|
||||||||||
|
Permian
|
40
|
28
|
38
|
27
|
||||||||||
|
Midcontinent and other
|
16
|
7
|
12
|
6
|
||||||||||
|
Total
|
71
|
52
|
65
|
50
|
||||||||||
|
Natural Gas (MMCF)
|
||||||||||||||
|
California
|
252
|
293
|
247
|
294
|
||||||||||
|
Permian
|
143
|
196
|
154
|
197
|
||||||||||
|
Midcontinent and other
|
366
|
192
|
347
|
187
|
||||||||||
|
Total
|
761
|
681
|
748
|
678
|
||||||||||
|
Latin America
|
||||||||||||||
|
Crude Oil (MBBL)
|
Colombia
|
30
|
32
|
31
|
33
|
|||||||||
|
Natural Gas (MMCF)
|
Bolivia
|
16
|
15
|
16
|
13
|
|||||||||
|
Middle East / North Africa
|
||||||||||||||
|
Crude Oil (MBBL)
|
||||||||||||||
|
Bahrain
|
3
|
3
|
3
|
3
|
||||||||||
|
Dolphin
|
10
|
11
|
10
|
12
|
||||||||||
|
Iraq
|
5
|
-
|
7
|
-
|
||||||||||
|
Libya
|
-
|
14
|
8
|
14
|
||||||||||
|
Oman
|
68
|
60
|
67
|
58
|
||||||||||
|
Qatar
|
68
|
78
|
72
|
76
|
||||||||||
|
Yemen
|
23
|
31
|
28
|
33
|
||||||||||
|
Total
|
177
|
197
|
195
|
196
|
||||||||||
|
NGL (MBBL)
|
||||||||||||||
|
Dolphin
|
11
|
12
|
10
|
12
|
||||||||||
|
Libya
|
-
|
1
|
-
|
1
|
||||||||||
|
Total
|
11
|
13
|
10
|
13
|
||||||||||
|
Natural Gas (MMCF)
|
||||||||||||||
|
Bahrain
|
172
|
161
|
172
|
163
|
||||||||||
|
Dolphin
|
203
|
235
|
199
|
232
|
||||||||||
|
Oman
|
49
|
48
|
50
|
50
|
||||||||||
|
Total
|
424
|
444
|
421
|
445
|
||||||||||
|
Barrels of Oil Equivalent (MBOE)
|
715
|
701
|
723
|
701
|
||||||||||
11
Investor Relations Supplemental Schedules
|
OCCIDENTAL PETROLEUM
|
||||||||||||||
|
SUMMARY OF OPERATING STATISTICS
|
||||||||||||||
|
Second Quarter
|
Six Months
|
|||||||||||||
|
2011
|
2010
|
2011
|
2010
|
|||||||||||
|
NET SALES VOLUMES PER DAY:
|
||||||||||||||
|
United States
|
||||||||||||||
|
Crude Oil (MBBL)
|
226
|
217
|
224
|
219
|
||||||||||
|
NGL (MBBL)
|
71
|
52
|
65
|
50
|
||||||||||
|
Natural Gas (MMCF)
|
761
|
681
|
748
|
678
|
||||||||||
|
Latin America
|
||||||||||||||
|
Crude Oil (MBBL)
|
30
|
27
|
31
|
30
|
||||||||||
|
Natural Gas (MMCF)
|
16
|
15
|
16
|
13
|
||||||||||
|
Middle East / North Africa
|
||||||||||||||
|
Crude Oil (MBBL)
|
||||||||||||||
|
Bahrain
|
3
|
3
|
3
|
3
|
||||||||||
|
Dolphin
|
10
|
11
|
10
|
11
|
||||||||||
|
Libya
|
-
|
22
|
8
|
13
|
||||||||||
|
Oman
|
66
|
58
|
69
|
57
|
||||||||||
|
Qatar
|
65
|
78
|
71
|
76
|
||||||||||
|
Yemen
|
23
|
32
|
28
|
33
|
||||||||||
|
Total
|
167
|
204
|
189
|
193
|
||||||||||
|
NGL (MBBL)
|
Dolphin
|
11
|
12
|
10
|
12
|
|||||||||
|
Libya
|
-
|
3
|
-
|
1
|
||||||||||
|
Total
|
11
|
15
|
10
|
13
|
||||||||||
|
Natural Gas (MMCF)
|
424
|
444
|
421
|
445
|
||||||||||
|
Barrels of Oil Equivalent (MBOE)
|
705
|
705
|
717
|
695
|
||||||||||
12
Investor Relations Supplemental Schedules
|
OCCIDENTAL PETROLEUM
|
|||||||||||||||||
|
SUMMARY OF OPERATING STATISTICS
|
|||||||||||||||||
|
Second Quarter
|
Six Months
|
||||||||||||||||
|
2011
|
2010
|
2011
|
2010
|
||||||||||||||
|
OIL & GAS:
|
|||||||||||||||||
|
PRICES
|
|||||||||||||||||
|
United States
|
|||||||||||||||||
|
Crude Oil ($/BBL)
|
98.74
|
71.66
|
93.45
|
72.38
|
|||||||||||||
|
NGL ($/BBL)
|
61.30
|
47.65
|
58.87
|
50.00
|
|||||||||||||
|
Natural gas ($/MCF)
|
4.27
|
4.19
|
4.24
|
4.90
|
|||||||||||||
|
Latin America
|
|||||||||||||||||
|
Crude Oil ($/BBL)
|
103.22
|
72.99
|
97.75
|
74.54
|
|||||||||||||
|
Natural Gas ($/MCF)
|
9.55
|
8.00
|
8.88
|
7.72
|
|||||||||||||
|
Middle East / North Africa
|
|||||||||||||||||
|
Crude Oil ($/BBL)
|
109.11
|
77.50
|
102.05
|
76.31
|
|||||||||||||
|
NGL ($/BBL)
|
33.50
|
31.89
|
33.71
|
29.59
|
|||||||||||||
|
Total Worldwide
|
|||||||||||||||||
|
Crude Oil ($/BBL)
|
103.12
|
74.39
|
97.38
|
74.24
|
|||||||||||||
|
NGL ($/BBL)
|
57.67
|
44.08
|
55.38
|
45.73
|
|||||||||||||
|
Natural Gas ($/MCF)
|
3.12
|
2.93
|
3.08
|
3.34
|
|||||||||||||
|
Second Quarter
|
Six Months
|
||||||||||||||||
|
2011
|
2010
|
2011
|
2010
|
||||||||||||||
|
Exploration Expense
|
|||||||||||||||||
|
United States
|
$
|
59
|
$
|
42
|
$
|
99
|
$
|
72
|
|||||||||
|
Latin America
|
-
|
1
|
-
|
1
|
|||||||||||||
|
Middle East / North Africa
|
3
|
26
|
47
|
52
|
|||||||||||||
|
TOTAL REPORTED
|
$
|
62
|
$
|
69
|
$
|
146
|
$
|
125
|
|||||||||
|
Less - non-core impairments
|
-
|
-
|
(35
|
)
|
-
|
||||||||||||
|
TOTAL CORE
|
$
|
62
|
$
|
69
|
$
|
111
|
$
|
125
|
|||||||||
13
Investor Relations Supplemental Schedules
|
OCCIDENTAL PETROLEUM
|
||||||||||||||||
|
SUMMARY OF OPERATING STATISTICS
|
||||||||||||||||
|
Second Quarter
|
Six Months
|
|||||||||||||||
|
Capital Expenditures ($MM)
|
2011
|
2010
|
2011
|
2010
|
||||||||||||
|
Oil & Gas
|
||||||||||||||||
|
California
|
$
|
413
|
$
|
180
|
$
|
721
|
$
|
329
|
||||||||
|
Permian
|
237
|
81
|
453
|
154
|
||||||||||||
|
Midcontinent and other
|
234
|
49
|
414
|
86
|
||||||||||||
|
Latin America
|
45
|
37
|
87
|
67
|
||||||||||||
|
Middle East / North Africa
|
303
|
252
|
655
|
515
|
||||||||||||
|
Exploration
|
111
|
34
|
176
|
84
|
||||||||||||
|
Chemicals
|
37
|
49
|
59
|
79
|
||||||||||||
|
Midstream, marketing and other
|
243
|
105
|
370
|
229
|
||||||||||||
|
Corporate
|
10
|
5
|
23
|
17
|
||||||||||||
|
TOTAL
|
$
|
1,633
|
$
|
792
|
$
|
2,958
|
$
|
1,560
|
||||||||
|
Depreciation, Depletion &
|
Second Quarter
|
Six Months
|
||||||||||||||
|
Amortization of Assets ($MM)
|
2011
|
2010
|
2011
|
2010
|
||||||||||||
|
Oil & Gas
|
||||||||||||||||
|
Domestic
|
$
|
410
|
$
|
349
|
$
|
817
|
$
|
700
|
||||||||
|
Latin America
|
21
|
27
|
49
|
58
|
||||||||||||
|
Middle East / North Africa
|
274
|
300
|
596
|
559
|
||||||||||||
|
Chemicals
|
85
|
81
|
167
|
161
|
||||||||||||
|
Midstream, marketing and other
|
44
|
36
|
89
|
73
|
||||||||||||
|
Corporate
|
5
|
5
|
11
|
10
|
||||||||||||
|
TOTAL
|
$
|
839
|
$
|
798
|
$
|
1,729
|
$
|
1,561
|
||||||||
14
Investor Relations Supplemental Schedules
|
OCCIDENTAL PETROLEUM
|
||||||||||||
|
CORPORATE
|
||||||||||||
|
($ millions)
|
||||||||||||
|
30-Jun-11
|
31-Dec-10
|
|||||||||||
|
CAPITALIZATION
|
||||||||||||
|
Long-Term Debt (including short-term borrowings)
|
$
|
4,249
|
$
|
5,111
|
||||||||
|
EQUITY
|
$
|
35,160
|
$
|
32,484
|
||||||||
|
Total Debt To Total Capitalization
|
11%
|
14%
|
||||||||||
15
Investor Relations Supplemental Schedules
|
OCCIDENTAL PETROLEUM
|
||||||
|
OCCIDENTAL OPERATED DOMESTIC RIG COUNTS
|
||||||
|
Year-end
|
2011
|
|||||
|
2010
|
Currently
|
Exit Rate
|
||||
|
California
|
20
|
29
|
29
|
|||
|
Permian
|
13
|
15
|
25
|
|||
|
Midcontinent and other
|
5
|
15
|
20
|
|||
|
38
|
59
|
74
|
||||
16