Attached files
| file | filename |
|---|---|
| 8-K - FORM 8-K - OCCIDENTAL PETROLEUM CORP /DE/ | form8k-20111027.htm |
| EX-99.1 - EXHIBIT 99.1 - OCCIDENTAL PETROLEUM CORP /DE/ | ex99_1-20111027.htm |
| EX-99.4 - EXHIBIT 99.4 - OCCIDENTAL PETROLEUM CORP /DE/ | ex99_4-20111027.htm |
| EX-99.2 - EXHIBIT 99.2 - OCCIDENTAL PETROLEUM CORP /DE/ | ex99_2-20111027.htm |
| EX-99.5 - EXHIBIT 99.5 - OCCIDENTAL PETROLEUM CORP /DE/ | ex99_5-20111027.htm |
EXHIBIT 99.3
Investor Relations Supplemental Schedules
|
Investor Relations Supplemental Schedules
|
|||||||
|
Summary
|
|||||||
|
($ Millions)
|
|||||||
|
3Q 2011
|
3Q 2010
|
||||||
|
Core Results
|
$1,775
|
$1,203
|
|||||
|
EPS - Diluted
|
$2.18
|
$1.48
|
|||||
|
Reported Net Income
|
$1,771
|
$1,191
|
|||||
|
EPS - Diluted
|
$2.17
|
$1.46
|
|||||
|
Total Worldwide Sales Volumes (mboe/day)
|
743
|
713
|
|||||
|
Total Worldwide Production Volumes (mboe/day)
|
739
|
706
|
|||||
|
Total Worldwide Crude Oil Realizations ($/BBL)
|
$97.24
|
$72.31
|
|||||
|
Total Worldwide NGL Realizations ($/BBL)
|
$56.06
|
$39.70
|
|||||
|
Domestic Natural Gas Realizations ($/MCF)
|
$4.23
|
$4.20
|
|||||
|
Wtd. Average Basic Shares O/S (mm)
|
812.5
|
812.7
|
|||||
|
Wtd. Average Diluted Shares O/S (mm)
|
813.2
|
813.9
|
|||||
|
YTD 2011
|
YTD 2010
|
||||||
|
Core Results
|
$5,187
|
$3,377
|
|||||
|
EPS - Diluted
|
$6.37
|
$4.14
|
|||||
|
Reported Net Income
|
$5,137
|
$3,318
|
|||||
|
EPS - Diluted
|
$6.31
|
$4.07
|
|||||
|
Total Worldwide Sales Volumes (mboe/day)
|
726
|
701
|
|||||
|
Total Worldwide Production Volumes (mboe/day)
|
728
|
703
|
|||||
|
Total Worldwide Crude Oil Realizations ($/BBL)
|
$97.33
|
$73.58
|
|||||
|
Total Worldwide NGL Realizations ($/BBL)
|
$55.63
|
$43.66
|
|||||
|
Domestic Natural Gas Realizations ($/MCF)
|
$4.24
|
$4.67
|
|||||
|
Wtd. Average Basic Shares O/S (mm)
|
812.6
|
812.4
|
|||||
|
Wtd. Average Diluted Shares O/S (mm)
|
813.3
|
813.8
|
|||||
|
Shares Outstanding (mm)
|
811.8
|
812.6
|
|||||
|
Cash Flow from Operations
|
$
|
8,600
|
$
|
6,700
|
|||
1
Investor Relations Supplemental Schedules
|
OCCIDENTAL PETROLEUM
|
|||||||||||||
|
2011 Third Quarter
|
|||||||||||||
|
Net Income (Loss)
|
|||||||||||||
|
($ millions)
|
|||||||||||||
|
Reported
|
Core
|
||||||||||||
|
Income
|
Significant Items Affecting Income
|
Results
|
|||||||||||
|
Oil & Gas
|
$
|
2,612
|
$
|
2,612
|
|||||||||
|
Chemical
|
245
|
245
|
|||||||||||
|
Midstream, marketing and other
|
77
|
77
|
|||||||||||
|
Corporate
|
|||||||||||||
|
Interest expense, net
|
(23
|
)
|
(23
|
)
|
|||||||||
|
Other
|
(49
|
)
|
(49
|
)
|
|||||||||
|
Taxes
|
(1,087
|
)
|
(1,087
|
)
|
|||||||||
|
Income from continuing operations
|
1,775
|
-
|
1,775
|
||||||||||
|
Discontinued operations, net of tax
|
(4
|
)
|
4
|
Discontinued operations, net
|
-
|
||||||||
|
Net Income
|
$
|
1,771
|
$
|
4
|
$
|
1,775
|
|||||||
|
Basic Earnings Per Common Share
|
|||||||||||||
|
Income from continuing operations
|
$
|
2.18
|
|||||||||||
|
Discontinued operations, net
|
(0.01
|
)
|
|||||||||||
|
Net Income
|
$
|
2.17
|
$
|
2.18
|
|||||||||
|
Diluted Earnings Per Common Share
|
|||||||||||||
|
Income from continuing operations
|
$
|
2.18
|
|||||||||||
|
Discontinued operations, net
|
(0.01
|
)
|
|||||||||||
|
Net Income
|
$
|
2.17
|
$
|
2.18
|
|||||||||
2
Investor Relations Supplemental Schedules
|
OCCIDENTAL PETROLEUM
|
|||||||||||||
|
2010 Third Quarter
|
|||||||||||||
|
Net Income (Loss)
|
|||||||||||||
|
($ millions)
|
|||||||||||||
|
Reported
|
Core
|
||||||||||||
|
Income
|
Significant Items Affecting Income
|
Results
|
|||||||||||
|
Oil & Gas
|
$
|
1,757
|
$
|
1,757
|
|||||||||
|
Chemical
|
189
|
189
|
|||||||||||
|
Midstream, marketing and other
|
163
|
163
|
|||||||||||
|
Corporate
|
|||||||||||||
|
Interest expense, net
|
(18
|
)
|
(18
|
)
|
|||||||||
|
Other
|
(66
|
)
|
(66
|
)
|
|||||||||
|
Taxes
|
(822
|
)
|
(822
|
)
|
|||||||||
|
Income from continuing operations
|
1,203
|
-
|
1,203
|
||||||||||
|
Discontinued operations, net of tax
|
(12
|
)
|
12
|
Discontinued operations, net
|
-
|
||||||||
|
Net Income
|
$
|
1,191
|
$
|
12
|
$
|
1,203
|
|||||||
|
Basic Earnings Per Common Share
|
|||||||||||||
|
Income from continuing operations
|
$
|
1.48
|
|||||||||||
|
Discontinued operations, net
|
(0.02
|
)
|
|||||||||||
|
Net Income
|
$
|
1.46
|
$
|
1.48
|
|||||||||
|
Diluted Earnings Per Common Share
|
|||||||||||||
|
Income from continuing operations
|
$
|
1.48
|
|||||||||||
|
Discontinued operations, net
|
(0.02
|
)
|
|||||||||||
|
Net Income
|
$
|
1.46
|
$
|
1.48
|
|||||||||
3
Investor Relations Supplemental Schedules
|
OCCIDENTAL PETROLEUM
|
|||||||||||||
|
2011 Nine Months
|
|||||||||||||
|
Net Income (Loss)
|
|||||||||||||
|
($ millions)
|
|||||||||||||
|
Reported
|
Core
|
||||||||||||
|
Income
|
Significant Items Affecting Income
|
Results
|
|||||||||||
|
Oil & Gas
|
$
|
7,704
|
$
|
35
|
Libya exploration write-off
|
$
|
7,746
|
||||||
|
(22
|
)
|
Gain on sale of Colombia pipeline interest
|
|||||||||||
|
29
|
Foreign tax
|
||||||||||||
|
Chemical
|
717
|
717
|
|||||||||||
|
Midstream, marketing and other
|
378
|
378
|
|||||||||||
|
Corporate
|
|||||||||||||
|
Interest expense, net
|
(259
|
)
|
163
|
Premium on debt extinguishments
|
(96
|
)
|
|||||||
|
Other
|
(289
|
)
|
(289
|
)
|
|||||||||
|
Taxes
|
(3,252
|
)
|
(50
|
)
|
Tax effect of adjustments
|
(3,269
|
)
|
||||||
|
33
|
State income tax charge
|
||||||||||||
|
Income from continuing operations
|
4,999
|
188
|
5,187
|
||||||||||
|
Discontinued operations, net of tax
|
138
|
(138
|
)
|
Discontinued operations, net
|
-
|
||||||||
|
Net Income
|
$
|
5,137
|
$
|
50
|
$
|
5,187
|
|||||||
|
Basic Earnings Per Common Share
|
|||||||||||||
|
Income from continuing operations
|
$
|
6.14
|
|||||||||||
|
Discontinued operations, net
|
0.17
|
||||||||||||
|
Net Income
|
$
|
6.31
|
$
|
6.37
|
|||||||||
|
Diluted Earnings Per Common Share
|
|||||||||||||
|
Income from continuing operations
|
$
|
6.14
|
|||||||||||
|
Discontinued operations, net
|
0.17
|
||||||||||||
|
Net Income
|
$
|
6.31
|
$
|
6.37
|
|||||||||
4
Investor Relations Supplemental Schedules
|
OCCIDENTAL PETROLEUM
|
|||||||||||||
|
2010 Nine Months
|
|||||||||||||
|
Net Income (Loss)
|
|||||||||||||
|
($ millions)
|
|||||||||||||
|
Reported
|
Core
|
||||||||||||
|
Income
|
Significant Items Affecting Income
|
Results
|
|||||||||||
|
Oil & Gas
|
$
|
5,485
|
$
|
5,485
|
|||||||||
|
Chemical
|
327
|
327
|
|||||||||||
|
Midstream, marketing and other
|
270
|
270
|
|||||||||||
|
Corporate
|
|||||||||||||
|
Interest expense, net
|
(73
|
)
|
(73
|
)
|
|||||||||
|
Other
|
(255
|
)
|
(255
|
)
|
|||||||||
|
Taxes
|
(2,377
|
)
|
(2,377
|
)
|
|||||||||
|
Income from continuing operations
|
3,377
|
-
|
3,377
|
||||||||||
|
Discontinued operations, net of tax
|
(59
|
)
|
59
|
Discontinued operations, net
|
-
|
||||||||
|
Net Income
|
$
|
3,318
|
$
|
59
|
$
|
3,377
|
|||||||
|
Basic Earnings Per Common Share
|
|||||||||||||
|
Income from continuing operations
|
$
|
4.15
|
|||||||||||
|
Discontinued operations, net
|
(0.07
|
)
|
|||||||||||
|
Net Income
|
$
|
4.08
|
$
|
4.15
|
|||||||||
|
Diluted Earnings Per Common Share
|
|||||||||||||
|
Income from continuing operations
|
$
|
4.14
|
|||||||||||
|
Discontinued operations, net
|
(0.07
|
)
|
|||||||||||
|
Net Income
|
$
|
4.07
|
$
|
4.14
|
|||||||||
5
Investor Relations Supplemental Schedules
|
OCCIDENTAL PETROLEUM
|
||||||||||||||
|
Worldwide Effective Tax Rate
|
||||||||||||||
|
QUARTERLY
|
YEAR-TO-DATE
|
|||||||||||||
|
2011
|
2011
|
2010
|
2011
|
2010
|
||||||||||
|
REPORTED INCOME
|
QTR 3
|
QTR 2
|
QTR 3
|
9 Months
|
9 Months
|
|||||||||
|
Oil & Gas
|
2,612
|
2,624
|
1,757
|
7,704
|
5,485
|
|||||||||
|
Chemicals
|
245
|
253
|
189
|
717
|
327
|
|||||||||
|
Midstream, marketing and other
|
77
|
187
|
163
|
378
|
270
|
|||||||||
|
Corporate & other
|
(72
|
)
|
(134
|
)
|
(84
|
)
|
(548
|
)
|
(328
|
)
|
||||
|
Pre-tax income
|
2,862
|
2,930
|
2,025
|
8,251
|
5,754
|
|||||||||
|
Income tax expense
|
||||||||||||||
|
Federal and state
|
433
|
557
|
322
|
1,360
|
958
|
|||||||||
|
Foreign
|
654
|
554
|
500
|
1,892
|
1,419
|
|||||||||
|
Total
|
1,087
|
1,111
|
822
|
3,252
|
2,377
|
|||||||||
|
Income from continuing operations
|
1,775
|
1,819
|
1,203
|
4,999
|
3,377
|
|||||||||
|
Worldwide effective tax rate
|
38%
|
38%
|
41%
|
39%
|
41%
|
|||||||||
|
2011
|
2011
|
2010
|
2011
|
2010
|
||||||||||
|
CORE RESULTS
|
QTR 3
|
QTR 2
|
QTR 3
|
9 Months
|
9 Months
|
|||||||||
|
Oil & Gas
|
2,612
|
2,624
|
1,757
|
7,746
|
5,485
|
|||||||||
|
Chemicals
|
245
|
253
|
189
|
717
|
327
|
|||||||||
|
Midstream, marketing and other
|
77
|
187
|
163
|
378
|
270
|
|||||||||
|
Corporate & other
|
(72
|
)
|
(134
|
)
|
(84
|
)
|
(385
|
)
|
(328
|
)
|
||||
|
Pre-tax income
|
2,862
|
2,930
|
2,025
|
8,456
|
5,754
|
|||||||||
|
Income tax expense
|
||||||||||||||
|
Federal and state
|
433
|
557
|
322
|
1,390
|
958
|
|||||||||
|
Foreign
|
654
|
554
|
500
|
1,879
|
1,419
|
|||||||||
|
Total
|
1,087
|
1,111
|
822
|
3,269
|
2,377
|
|||||||||
|
Core results
|
1,775
|
1,819
|
1,203
|
5,187
|
3,377
|
|||||||||
|
Worldwide effective tax rate
|
38%
|
38%
|
41%
|
39%
|
41%
|
|||||||||
6
Investor Relations Supplemental Schedules
|
OCCIDENTAL PETROLEUM
|
||||||||||||
|
2011 Third Quarter Net Income (Loss)
|
||||||||||||
|
Reported Income Comparison
|
||||||||||||
|
Third
|
Second
|
|||||||||||
|
Quarter
|
Quarter
|
|||||||||||
|
2011
|
2011
|
B / (W)
|
||||||||||
|
Oil & Gas
|
$
|
2,612
|
$
|
2,624
|
$
|
(12
|
)
|
|||||
|
Chemical
|
245
|
253
|
(8
|
)
|
||||||||
|
Midstream, marketing and other
|
77
|
187
|
(110
|
)
|
||||||||
|
Corporate
|
||||||||||||
|
Interest expense, net
|
(23
|
)
|
(22
|
)
|
(1
|
)
|
||||||
|
Other
|
(49
|
)
|
(112
|
)
|
63
|
|||||||
|
Taxes
|
(1,087
|
)
|
(1,111
|
)
|
24
|
|||||||
|
Income from continuing operations
|
1,775
|
1,819
|
(44
|
)
|
||||||||
|
Discontinued operations, net
|
(4
|
)
|
(2
|
)
|
(2
|
)
|
||||||
|
Net Income
|
$
|
1,771
|
$
|
1,817
|
$
|
(46
|
)
|
|||||
|
Earnings Per Common Share
|
||||||||||||
|
Basic
|
$
|
2.17
|
$
|
2.23
|
$
|
(0.06
|
)
|
|||||
|
Diluted
|
$
|
2.17
|
$
|
2.23
|
$
|
(0.06
|
)
|
|||||
|
Worldwide Effective Tax Rate
|
38%
|
38%
|
0%
|
|||||||||
|
OCCIDENTAL PETROLEUM
|
||||||||||||
|
2011 Third Quarter Net Income (Loss)
|
||||||||||||
|
Core Results Comparison
|
||||||||||||
|
Third
|
Second
|
|||||||||||
|
Quarter
|
Quarter
|
|||||||||||
|
2011
|
2011
|
B / (W)
|
||||||||||
|
Oil & Gas
|
$
|
2,612
|
$
|
2,624
|
$
|
(12
|
)
|
|||||
|
Chemical
|
245
|
253
|
(8
|
)
|
||||||||
|
Midstream, marketing and other
|
77
|
187
|
(110
|
)
|
||||||||
|
Corporate
|
||||||||||||
|
Interest expense, net
|
(23
|
)
|
(22
|
)
|
(1
|
)
|
||||||
|
Other
|
(49
|
)
|
(112
|
)
|
63
|
|||||||
|
Taxes
|
(1,087
|
)
|
(1,111
|
)
|
24
|
|||||||
|
Core Results
|
$
|
1,775
|
$
|
1,819
|
$
|
(44
|
)
|
|||||
|
Core Results Per Common Share
|
||||||||||||
|
Basic
|
$
|
2.18
|
$
|
2.23
|
$
|
(0.05
|
)
|
|||||
|
Diluted
|
$
|
2.18
|
$
|
2.23
|
$
|
(0.05
|
)
|
|||||
|
Worldwide Effective Tax Rate
|
38%
|
38%
|
0%
|
|||||||||
7
Investor Relations Supplemental Schedules
8
Investor Relations Supplemental Schedules
|
OCCIDENTAL PETROLEUM
|
||||||||||||
|
2011 Third Quarter Net Income (Loss)
|
||||||||||||
|
Reported Income Comparison
|
||||||||||||
|
Third
|
Third
|
|||||||||||
|
Quarter
|
Quarter
|
|||||||||||
|
2011
|
2010
|
B / (W)
|
||||||||||
|
Oil & Gas
|
$
|
2,612
|
$
|
1,757
|
$
|
855
|
||||||
|
Chemical
|
245
|
189
|
56
|
|||||||||
|
Midstream, marketing and other
|
77
|
163
|
(86
|
)
|
||||||||
|
Corporate
|
||||||||||||
|
Interest expense, net
|
(23
|
)
|
(18
|
)
|
(5
|
)
|
||||||
|
Other
|
(49
|
)
|
(66
|
)
|
17
|
|||||||
|
Taxes
|
(1,087
|
)
|
(822
|
)
|
(265
|
)
|
||||||
|
Income from continuing operations
|
1,775
|
1,203
|
572
|
|||||||||
|
Discontinued operations, net
|
(4
|
)
|
(12
|
)
|
8
|
|||||||
|
Net Income
|
$
|
1,771
|
$
|
1,191
|
$
|
580
|
||||||
|
Earnings Per Common Share
|
||||||||||||
|
Basic
|
$
|
2.17
|
$
|
1.46
|
$
|
0.71
|
||||||
|
Diluted
|
$
|
2.17
|
$
|
1.46
|
$
|
0.71
|
||||||
|
Worldwide Effective Tax Rate
|
38%
|
41%
|
3%
|
|||||||||
|
OCCIDENTAL PETROLEUM
|
||||||||||||
|
2011 Third Quarter Net Income (Loss)
|
||||||||||||
|
Core Results Comparison
|
||||||||||||
|
Third
|
Third
|
|||||||||||
|
Quarter
|
Quarter
|
|||||||||||
|
2011
|
2010
|
B / (W)
|
||||||||||
|
Oil & Gas
|
$
|
2,612
|
$
|
1,757
|
$
|
855
|
||||||
|
Chemical
|
245
|
189
|
56
|
|||||||||
|
Midstream, marketing and other
|
77
|
163
|
(86
|
)
|
||||||||
|
Corporate
|
||||||||||||
|
Interest expense, net
|
(23
|
)
|
(18
|
)
|
(5
|
)
|
||||||
|
Other
|
(49
|
)
|
(66
|
)
|
17
|
|||||||
|
Taxes
|
(1,087
|
)
|
(822
|
)
|
(265
|
)
|
||||||
|
Core Results
|
$
|
1,775
|
$
|
1,203
|
$
|
572
|
||||||
|
Core Results Per Common Share
|
||||||||||||
|
Basic
|
$
|
2.18
|
$
|
1.48
|
$
|
0.70
|
||||||
|
Diluted
|
$
|
2.18
|
$
|
1.48
|
$
|
0.70
|
||||||
|
Worldwide Effective Tax Rate
|
38%
|
41%
|
3%
|
|||||||||
9
Investor Relations Supplemental Schedules
10
Investor Relations Supplemental Schedules
|
OCCIDENTAL PETROLEUM
|
||||||||||||||
|
SUMMARY OF OPERATING STATISTICS
|
||||||||||||||
|
Third Quarter
|
Nine Months
|
|||||||||||||
|
2011
|
2010
|
2011
|
2010
|
|||||||||||
|
NET PRODUCTION PER DAY:
|
||||||||||||||
|
United States
|
||||||||||||||
|
Crude Oil (MBBL)
|
||||||||||||||
|
California
|
80
|
75
|
78
|
75
|
||||||||||
|
Permian
|
133
|
134
|
132
|
136
|
||||||||||
|
Midcontinent and other
|
17
|
7
|
16
|
7
|
||||||||||
|
Total
|
230
|
216
|
226
|
218
|
||||||||||
|
NGL (MBBL)
|
||||||||||||||
|
California
|
16
|
17
|
15
|
17
|
||||||||||
|
Permian
|
37
|
30
|
38
|
28
|
||||||||||
|
Midcontinent and other
|
20
|
7
|
14
|
7
|
||||||||||
|
Total
|
73
|
54
|
67
|
52
|
||||||||||
|
Natural Gas (MMCF)
|
||||||||||||||
|
California
|
269
|
276
|
254
|
288
|
||||||||||
|
Permian
|
151
|
186
|
153
|
194
|
||||||||||
|
Midcontinent and other
|
379
|
194
|
357
|
189
|
||||||||||
|
Total
|
799
|
656
|
764
|
671
|
||||||||||
|
Latin America
|
||||||||||||||
|
Crude Oil (MBBL)
|
Colombia
|
27
|
33
|
29
|
33
|
|||||||||
|
Natural Gas (MMCF)
|
Bolivia
|
15
|
19
|
16
|
15
|
|||||||||
|
Middle East / North Africa
|
||||||||||||||
|
Crude Oil (MBBL)
|
||||||||||||||
|
Bahrain
|
4
|
3
|
4
|
3
|
||||||||||
|
Dolphin
|
10
|
12
|
10
|
12
|
||||||||||
|
Iraq
|
4
|
-
|
6
|
-
|
||||||||||
|
Libya
|
-
|
11
|
5
|
13
|
||||||||||
|
Oman
|
69
|
63
|
68
|
60
|
||||||||||
|
Qatar
|
73
|
78
|
72
|
77
|
||||||||||
|
Yemen
|
28
|
30
|
28
|
32
|
||||||||||
|
Total
|
188
|
197
|
193
|
197
|
||||||||||
|
NGL (MBBL)
|
||||||||||||||
|
Dolphin
|
11
|
13
|
11
|
12
|
||||||||||
|
Libya
|
-
|
1
|
-
|
1
|
||||||||||
|
Total
|
11
|
14
|
11
|
13
|
||||||||||
|
Natural Gas (MMCF)
|
||||||||||||||
|
Bahrain
|
169
|
181
|
171
|
169
|
||||||||||
|
Dolphin
|
215
|
250
|
205
|
238
|
||||||||||
|
Oman
|
59
|
47
|
53
|
49
|
||||||||||
|
Total
|
443
|
478
|
429
|
456
|
||||||||||
|
Barrels of Oil Equivalent (MBOE)
|
739
|
706
|
728
|
703
|
||||||||||
11
Investor Relations Supplemental Schedules
|
OCCIDENTAL PETROLEUM
|
||||||||||||||
|
SUMMARY OF OPERATING STATISTICS
|
||||||||||||||
|
Third Quarter
|
Nine Months
|
|||||||||||||
|
2011
|
2010
|
2011
|
2010
|
|||||||||||
|
NET SALES VOLUMES PER DAY:
|
||||||||||||||
|
United States
|
||||||||||||||
|
Crude Oil (MBBL)
|
230
|
216
|
226
|
218
|
||||||||||
|
NGL (MBBL)
|
73
|
54
|
67
|
52
|
||||||||||
|
Natural Gas (MMCF)
|
799
|
656
|
764
|
671
|
||||||||||
|
Latin America
|
||||||||||||||
|
Crude Oil (MBBL)
|
24
|
36
|
29
|
32
|
||||||||||
|
Natural Gas (MMCF)
|
15
|
19
|
16
|
15
|
||||||||||
|
Middle East / North Africa
|
||||||||||||||
|
Crude Oil (MBBL)
|
||||||||||||||
|
Bahrain
|
4
|
3
|
4
|
3
|
||||||||||
|
Dolphin
|
9
|
12
|
9
|
11
|
||||||||||
|
Iraq
|
7
|
-
|
2
|
-
|
||||||||||
|
Libya
|
-
|
12
|
5
|
12
|
||||||||||
|
Oman
|
71
|
66
|
70
|
60
|
||||||||||
|
Qatar
|
76
|
79
|
73
|
77
|
||||||||||
|
Yemen
|
28
|
30
|
28
|
32
|
||||||||||
|
Total
|
195
|
202
|
191
|
195
|
||||||||||
|
NGL (MBBL)
|
Dolphin
|
11
|
13
|
11
|
13
|
|||||||||
|
Libya
|
-
|
-
|
-
|
1
|
||||||||||
|
Total
|
11
|
13
|
11
|
14
|
||||||||||
|
Natural Gas (MMCF)
|
443
|
478
|
429
|
456
|
||||||||||
|
Barrels of Oil Equivalent (MBOE)
|
743
|
713
|
726
|
701
|
||||||||||
12
Investor Relations Supplemental Schedules
|
OCCIDENTAL PETROLEUM
|
|||||||||||||||||
|
SUMMARY OF OPERATING STATISTICS
|
|||||||||||||||||
|
Third Quarter
|
Nine Months
|
||||||||||||||||
|
2011
|
2010
|
2011
|
2010
|
||||||||||||||
|
OIL & GAS:
|
|||||||||||||||||
|
PRICES
|
|||||||||||||||||
|
United States
|
|||||||||||||||||
|
Crude Oil ($/BBL)
|
89.78
|
71.14
|
92.19
|
71.96
|
|||||||||||||
|
NGL ($/BBL)
|
59.73
|
43.67
|
59.18
|
47.80
|
|||||||||||||
|
Natural gas ($/MCF)
|
4.23
|
4.20
|
4.24
|
4.67
|
|||||||||||||
|
Latin America
|
|||||||||||||||||
|
Crude Oil ($/BBL)
|
91.01
|
71.82
|
95.85
|
73.52
|
|||||||||||||
|
Natural Gas ($/MCF)
|
11.21
|
7.71
|
9.64
|
7.72
|
|||||||||||||
|
Middle East / North Africa
|
|||||||||||||||||
|
Crude Oil ($/BBL)
|
106.97
|
73.66
|
103.74
|
75.39
|
|||||||||||||
|
NGL ($/BBL)
|
31.60
|
23.24
|
32.98
|
27.51
|
|||||||||||||
|
Total Worldwide
|
|||||||||||||||||
|
Crude Oil ($/BBL)
|
97.24
|
72.31
|
97.33
|
73.58
|
|||||||||||||
|
NGL ($/BBL)
|
56.06
|
39.70
|
55.63
|
43.66
|
|||||||||||||
|
Natural Gas ($/MCF)
|
3.12
|
2.85
|
3.09
|
3.17
|
|||||||||||||
|
Third Quarter
|
Nine Months
|
||||||||||||||||
|
2011
|
2010
|
2011
|
2010
|
||||||||||||||
|
Exploration Expense
|
|||||||||||||||||
|
United States
|
$
|
36
|
$
|
63
|
$
|
135
|
$
|
135
|
|||||||||
|
Latin America
|
1
|
-
|
1
|
1
|
|||||||||||||
|
Middle East / North Africa
|
2
|
20
|
49
|
72
|
|||||||||||||
|
TOTAL REPORTED
|
$
|
39
|
$
|
83
|
$
|
185
|
$
|
208
|
|||||||||
|
Less - non-core impairments
|
-
|
-
|
(35
|
)
|
-
|
||||||||||||
|
TOTAL CORE
|
$
|
39
|
$
|
83
|
$
|
150
|
$
|
208
|
|||||||||
13
Investor Relations Supplemental Schedules
|
OCCIDENTAL PETROLEUM
|
||||||||||||||||
|
SUMMARY OF OPERATING STATISTICS
|
||||||||||||||||
|
Third Quarter
|
Nine Months
|
|||||||||||||||
|
Capital Expenditures ($MM)
|
2011
|
2010
|
2011
|
2010
|
||||||||||||
|
Oil & Gas
|
||||||||||||||||
|
California
|
$
|
481
|
$
|
215
|
$
|
1,202
|
$
|
544
|
||||||||
|
Permian
|
308
|
136
|
761
|
290
|
||||||||||||
|
Midcontinent and other
|
311
|
52
|
725
|
138
|
||||||||||||
|
Latin America
|
52
|
40
|
139
|
107
|
||||||||||||
|
Middle East / North Africa
|
338
|
340
|
993
|
855
|
||||||||||||
|
Exploration
|
115
|
46
|
291
|
130
|
||||||||||||
|
Chemicals
|
59
|
50
|
118
|
129
|
||||||||||||
|
Midstream, marketing and other
|
331
|
128
|
701
|
357
|
||||||||||||
|
Corporate
|
16
|
13
|
39
|
30
|
||||||||||||
|
TOTAL
|
$
|
2,011
|
$
|
1,020
|
$
|
4,969
|
$
|
2,580
|
||||||||
|
Depreciation, Depletion &
|
Third Quarter
|
Nine Months
|
||||||||||||||
|
Amortization of Assets ($MM)
|
2011
|
2010
|
2011
|
2010
|
||||||||||||
|
Oil & Gas
|
||||||||||||||||
|
Domestic
|
$
|
448
|
$
|
346
|
$
|
1,265
|
$
|
1,046
|
||||||||
|
Latin America
|
18
|
33
|
67
|
91
|
||||||||||||
|
Middle East / North Africa
|
324
|
294
|
920
|
853
|
||||||||||||
|
Chemicals
|
82
|
81
|
249
|
242
|
||||||||||||
|
Midstream, marketing and other
|
45
|
32
|
134
|
105
|
||||||||||||
|
Corporate
|
7
|
6
|
18
|
16
|
||||||||||||
|
TOTAL
|
$
|
924
|
$
|
792
|
$
|
2,653
|
$
|
2,353
|
||||||||
14
Investor Relations Supplemental Schedules
|
OCCIDENTAL PETROLEUM
|
||||||||||||
|
CORPORATE
|
||||||||||||
|
($ millions)
|
||||||||||||
|
30-Sep-11
|
31-Dec-10
|
|||||||||||
|
CAPITALIZATION
|
||||||||||||
|
Long-Term Debt (including short-term borrowings)
|
$
|
5,870
|
$
|
5,111
|
||||||||
|
EQUITY
|
$
|
36,479
|
$
|
32,484
|
||||||||
|
Total Debt To Total Capitalization
|
14%
|
14%
|
||||||||||
15