ex99_3-20100429.htm

EXHIBIT 99.3

Investor Relations Supplemental Schedules

Summary

($ Millions)

		1Q 2010		1Q 2009

Reported Net Income		$1,064		$368
EPS - Diluted		$1.31		$0.45

Core Results		$1,071		$407
EPS - Diluted		$1.32		$0.50

Total Worldwide Sales Volumes (mboe/day)		726		713

Total Worldwide Crude Oil Realizations ($/BBL)		$71.88		$39.29
Domestic Natural Gas Realizations ($/MCF)		$5.62		$3.54

Wtd. Average Basic Shares O/S (mm)		812.1		810.7
Wtd. Average Diluted Shares O/S (mm)		813.5		813.3

Shares Outstanding (mm)		812.2		810.6

Cash Flow from Operations	$	2,200	$	800

Investor Relations Supplemental Schedules

OCCIDENTAL PETROLEUM

2010 First Quarter

Net Income (Loss)

($ millions)

	Reported							Core
	Income			Significant Items Affecting Income			Results
Oil & Gas	$	1,819						$	1,819

Chemical		30							30

Midstream, marketing and other		94							94

Corporate
Interest expense, net		(36	)						(36	)

Other		(107	)						(107	)

Taxes		(729	)						(729	)

Income from continuing operations		1,071			-				1,071
Discontinued operations, net of tax		(7	)		7	Discontinued operations, net			-
Net Income	$	1,064		$	7			$	1,071


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

Investor Relations Supplemental Schedules

OCCIDENTAL PETROLEUM

2009 First Quarter

Net Income (Loss)

($ millions)

	Reported								Core
	Income			Significant Items Affecting Income				Results
Oil & Gas	$	545			8		Rig contract terminations		$	553


Chemical		169								169

Midstream, marketing and other		14								14

Corporate
Interest expense, net		(20	)							(20	)

Other		(96	)		32		Severance			(49	)
					15		Railcar leases

Taxes		(241	)		(19	)	Tax effect of adjustments			(260	)

Income from continuing operations		371			36					407
Discontinued operations, net of tax		(3	)		3		Discontinued operations, net			-
Net Income	$	368		$	39				$	407


Basic Earnings Per Common Share
Income from continuing operations	$	0.45
Discontinued operations, net		-
Net Income	$	0.45							$	0.50
Diluted Earnings Per Common Share
Income from continuing operations	$	0.45
Discontinued operations, net		-
Net Income	$	0.45							$	0.50

Investor Relations Supplemental Schedules

OCCIDENTAL PETROLEUM

Items Affecting Comparability of Core Results Between Periods

The item(s) below are included in core results and are shown in this table

because they affect the comparability between periods.

Pre-tax
Income / (Expense)	First Quarter
	2010			2009

Foreign Exchange Gains & (Losses) *		(5	)		37

*Amounts shown after-tax

Investor Relations Supplemental Schedules

OCCIDENTAL PETROLEUM

Worldwide Effective Tax Rate

	QUARTERLY
	2010			2009			2009
REPORTED INCOME	QTR 1			QTR 4			QTR 1
Oil & Gas		1,819			1,643			545
Chemicals		30			33			169
Midstream, marketing and other		94			81			14
Corporate & other		(143	)		(141	)		(116	)
Pre-tax income		1,800			1,616			612

Income tax expense
Federal and state		307			338			12
Foreign		422			335			229
Total		729			673			241

Income from continuing operations		1,071			943			371

Worldwide effective tax rate		41%			42%			39%


	2010			2009			2009
CORE RESULTS	QTR 1			QTR 4			QTR 1
Oil & Gas		1,819			1,813			553
Chemicals		30			33			169
Midstream, marketing and other		94			81			14
Corporate & other		(143	)		(141	)		(69	)
Pre-tax income		1,800			1,786			667

Income tax expense
Federal and state		307			338			31
Foreign		422			390			229
Total		729			728			260

Core results		1,071			1,058			407

Worldwide effective tax rate		41%			41%			39%

Investor Relations Supplemental Schedules

OCCIDENTAL PETROLEUM

2010 First Quarter Net Income (Loss)

Reported Income Comparison

	First			Fourth
	Quarter			Quarter
	2010			2009			B / (W)
Oil & Gas	$	1,819		$	1,643		$	176
Chemical		30			33			(3	)
Midstream, marketing and other		94			81			13
Corporate
Interest expense, net		(36	)		(33	)		(3	)
Other		(107	)		(108	)		1
Taxes		(729	)		(673	)		(56	)
Income from continuing operations		1,071			943			128
Discontinued operations, net		(7	)		(5	)		(2	)
Net Income	$	1,064		$	938		$	126

Earnings Per Common Share
Basic	$	1.31		$	1.15		$	0.16
Diluted	$	1.31		$	1.15		$	0.16


Worldwide Effective Tax Rate		41%			42%			1%

OCCIDENTAL PETROLEUM

2010 First Quarter Net Income (Loss)

Core Results Comparison

	First			Fourth
	Quarter			Quarter
	2010			2009			B / (W)
Oil & Gas	$	1,819		$	1,813		$	6
Chemical		30			33			(3	)
Midstream, marketing and other		94			81			13
Corporate
Interest expense, net		(36	)		(33	)		(3	)
Other		(107	)		(108	)		1
Taxes		(729	)		(728	)		(1	)
Core Results	$	1,071		$	1,058		$	13

Core Results Per Common Share
Basic	$	1.32		$	1.30		$	0.02
Diluted	$	1.32		$	1.30		$	0.02

Worldwide Effective Tax Rate		41%			41%			0%

Investor Relations Supplemental Schedules

OCCIDENTAL PETROLEUM

2010 First Quarter Net Income (Loss)

Reported Income Comparison

	First			First
	Quarter			Quarter
	2010			2009			B / (W)
Oil & Gas	$	1,819		$	545		$	1,274
Chemical		30			169			(139	)
Midstream, marketing and other		94			14			80
Corporate
Interest expense, net		(36	)		(20	)		(16	)
Other		(107	)		(96	)		(11	)
Taxes		(729	)		(241	)		(488	)
Income from continuing operations		1,071			371			700
Discontinued operations, net		(7	)		(3	)		(4	)
Net Income	$	1,064		$	368		$	696

Earnings Per Common Share
Basic	$	1.31		$	0.45		$	0.86
Diluted	$	1.31		$	0.45		$	0.86


Worldwide Effective Tax Rate		41%			39%			-2%

OCCIDENTAL PETROLEUM

2010 First Quarter Net Income (Loss)

Core Results Comparison

	First			First
	Quarter			Quarter
	2010			2009			B / (W)
Oil & Gas	$	1,819		$	553		$	1,266
Chemical		30			169			(139	)
Midstream, marketing and other		94			14			80
Corporate
Interest expense, net		(36	)		(20	)		(16	)
Other		(107	)		(49	)		(58	)
Taxes		(729	)		(260	)		(469	)
Core Results	$	1,071		$	407		$	664

Core Results Per Common Share
Basic	$	1.32		$	0.50		$	0.82
Diluted	$	1.32		$	0.50		$	0.82

Worldwide Effective Tax Rate		41%			39%			-2%

Investor Relations Supplemental Schedules

OCCIDENTAL PETROLEUM

SUMMARY OF OPERATING STATISTICS

	First Quarter
	2010	2009
NET SALES VOLUMES PER DAY:
United States
Crude Oil and Liquids (MBBL)
California	94	97
Permian	160	166
Midcontinent Gas	17	13
Total	271	276
Natural Gas (MMCF)
California	295	216
Permian	125	124
Midcontinent Gas	255	280
Total	675	620
Latin America
Crude Oil (MBBL)
Argentina	36	45
Colombia	33	41
Total	69	86
Natural Gas (MMCF)
Argentina	31	33
Bolivia	12	15
Total	43	48
Middle East / North Africa
Crude Oil and Liquids (MBBL)
Bahrain	2	-
Dolphin	23	23
Libya	4	6
Oman	56	46
Qatar	74	75
Yemen	33	42
Total	192	192
Natural Gas (MMCF)
Bahrain	166	-
Dolphin	228	233
Oman	52	53
Total	446	286

Barrels of Oil Equivalent (MBOE)	726	713

Investor Relations Supplemental Schedules

OCCIDENTAL PETROLEUM

SUMMARY OF OPERATING STATISTICS

	First Quarter
	2010	2009
NET PRODUCTION PER DAY:
United States
Crude Oil and Liquids (MBBL)	271	276
Natural Gas (MMCF)	675	620

Latin America
Crude Oil (MBBL)
Argentina	37	39
Colombia	34	42
Total	71	81

Natural Gas (MMCF)	43	48

Middle East / North Africa
Crude Oil and Liquids (MBBL)
Bahrain	3	-
Dolphin	23	24
Libya	14	9
Oman	57	45
Qatar	75	79
Yemen	35	38
Total	207	195

Natural Gas (MMCF)	446	286

Barrels of Oil Equivalent (MBOE)	743	711

Investor Relations Supplemental Schedules

OCCIDENTAL PETROLEUM

SUMMARY OF OPERATING STATISTICS

	First Quarter
	2010	2009

OIL & GAS:
PRICES
United States
Crude Oil ($/BBL)	73.08	37.66
Natural gas ($/MCF)	5.62	3.54

Latin America
Crude Oil ($/BBL)	61.00	39.59
Natural Gas ($/MCF)	3.34	3.50

Middle East / North Africa
Crude Oil ($/BBL)	74.96	41.55

Total Worldwide
Crude Oil ($/BBL)	71.88	39.29
Natural Gas ($/MCF)	3.69	2.90

	First Quarter
	2010		2009
Exploration Expense
United States	$	30	$	27
Latin America		1		2
Middle East / North Africa		25		29
TOTAL REPORTED	$	56	$	58

Investor Relations Supplemental Schedules

OCCIDENTAL PETROLEUM

SUMMARY OF OPERATING STATISTICS

	First Quarter
Capital Expenditures ($MM)	2010		2009
Oil & Gas
California	$	149	$	156
Permian		73		189
Midcontinent Gas		37		56
Latin America		103		190
Middle East / North Africa		263		272
Exploration		57		48
Chemicals		30		31
Midstream, marketing and other		124		122
Corporate		12		7
TOTAL	$	848	$	1,071

Depreciation, Depletion &	First Quarter
Amortization of Assets ($MM)	2010		2009
Oil & Gas
Domestic	$	351	$	311
Latin America		142		168
Middle East / North Africa		259		208
Chemicals		80		71
Midstream, marketing and other		37		23
Corporate		5		5
TOTAL	$	874	$	786

Investor Relations Supplemental Schedules

OCCIDENTAL PETROLEUM

CORPORATE

($ millions)

	31-Mar-10			31-Dec-09

CAPITALIZATION

Long-Term Debt (including current maturities)		$	2,569		$	2,796

Others			25			25

Total Debt		$	2,594		$	2,821


EQUITY		$	30,037		$	29,159

Total Debt To Total Capitalization			8%			9%

Investor Relations Supplemental Schedules

	OCCIDENTAL PETROLEUM
	SUMMARY OF OPERATING STATISTICS


	2005	2006	2007	2008	2009
SALES VOLUMES PER DAY:
United States
Crude Oil and Liquids (MBBL)
California	76	86	89	89	93
Permian	158	161	163	164	164
Midcontinent Gas	6	9	8	10	14
Total	240	256	260	263	271
Natural Gas (MMCF)
California	242	256	254	235	250
Permian	111	117	112	116	125
Midcontinent Gas	192	215	227	236	260
Total	545	588	593	587	635
Latin America
Crude Oil (MBBL)
Argentina	-	33	32	32	37
Colombia	32	33	37	37	39
Total	32	66	69	69	76
Natural Gas (MMCF)
Argentina	-	17	22	21	30
Bolivia	-	17	18	21	16
Total	-	34	40	42	46
Middle East / North Africa
Crude Oil and Liquids (MBBL)
Oman	27	28	31	34	50
Dolphin	-	-	5	26	25
Qatar	71	73	81	80	79
Yemen	39	40	37	32	35
Libya	8	23	22	19	12
Bahrain	-	-	-	-	-
Total	145	164	176	191	201
Natural Gas (MMCF)
Oman	70	67	67	53	49
Dolphin	-	-	67	231	257
Bahrain	-	-	-	-	10
Total	70	67	134	284	316

Barrels of Oil Equivalent (MBOE)	519	601	633	675	714

*This schedule reflects what production volumes would have been for the prior 5 years if all production had been

represented on a pre-tax basis and Permian gas properties as part of Midcontinent Gas

Investor Relations Supplemental Schedules

	OCCIDENTAL PETROLEUM
	SUMMARY OF OPERATING STATISTICS

		2009
		Qtr 1	Qtr 2	Qtr 3	Qtr 4	Total
SALES VOLUMES PER DAY:
United States
Crude Oil and Liquids (MBBL)
California		97	90	92	92	93
Permian		166	163	162	164	164
Midcontinent Gas		13	14	15	15	14
Total		276	267	269	271	271
Natural Gas (MMCF)
California		216	232	269	282	250
Permian		124	124	133	122	125
Midcontinent Gas		280	265	251	241	260
Total		620	621	653	645	635
Latin America
Crude Oil (MBBL)
Argentina		45	37	30	37	37
Colombia		41	42	39	36	39
Total		86	79	69	73	76
Natural Gas (MMCF)
Argentina		33	30	27	30	30
Bolivia		15	19	18	12	16
Total		48	49	45	42	46
Middle East/North Africa
Crude Oil and Liquids (MBBL)
Oman		46	49	50	54	50
Dolphin		23	29	26	26	25
Qatar		75	82	77	80	79
Yemen		42	32	34	32	35
Libya		6	14	9	15	12
Bahrain		-	-	-	1	-
Total		192	206	196	208	201
Natural Gas (MMCF)
Oman		53	50	48	42	49
Dolphin		233	282	258	256	257
Bahrain		-	-	-	40	10
Total		286	332	306	338	316

Barrels of Oil Equivalent (MBOE)		713	719	702	722	714

*This schedule reflects what production volumes would have been for the 4 quarters of 2009 if all production had been

represented on a pre-tax basis and Permian gas properties as part of Midcontinent Gas