EX-11 4 ex11-20051q.txt EXHIBIT 11 EXHIBIT 11 OCCIDENTAL PETROLEUM CORPORATION AND SUBSIDIARIES COMPUTATION OF EARNINGS PER SHARE FOR THE THREE MONTHS ENDED MARCH 31, 2005 AND 2004 (Amounts in thousands, except per-share amounts)
Three Months Ended March 31 ------------------------- 2005 2004 ================================================================================ ========== ========== BASIC EARNINGS PER SHARE Earnings applicable to common stock $ 845,991 $ 487,027 ========== ========== Basic shares Weighted average common shares outstanding 397,634 389,386 Issued, unvested restricted stock -- (55) Vested, unissued restricted stock 1,100 547 Deferred share units 1,670 1,610 ---------- ---------- Basic shares 400,404 391,488 ========== ========== Basic earnings per share Income from continuing operations $ 2.12 $ 1.25 Discontinued operations, net (.01) (.01) ---------- ---------- Basic earnings per common share $ 2.11 $ 1.24 ========== ========== DILUTED EARNINGS PER SHARE Earnings applicable to common stock $ 845,991 $ 487,027 ========== ========== Diluted shares Basic shares 400,404 391,488 Dilutive effect of exercise of options outstanding 4,853 4,491 Issued, unvested restricted stock -- 55 Deferred, restricted stock 1,029 1,172 ---------- ---------- Diluted shares 406,286 397,206 ========== ========== Diluted earnings per share Income before effect of changes in accounting principles $ 2.09 $ 1.24 Discontinued operations, net (.01) (.01) ---------- ---------- Diluted earnings per common share $ 2.08 $ 1.23 ================================================================================ ========== ==========