Asset Acquisitions, Dispositions and Other Transactions

9 Months Ended

Sep. 30, 2012

Asset Acquisitions, Dispositions and Other Transactions

Asset Acquisitions, Dispositions and Other Transactions

2.Asset Acquisitions, Dispositions and Other Transactions

During the nine months ended September 30, 2012, Occidental paid approximately $1.2 billion mainly for domestic oil and gas properties in the Williston Basin, Permian Basin and South Texas.

In June 2012, Occidental issued $1.75 billion of debt which comprised $1.25 billion of 2.70-percent senior unsecured notes due 2023 and $500 million of 1.50-percent senior unsecured notes due 2018. Occidental received net proceeds of approximately $1.74 billion. Interest on the notes will be payable semi-annually in arrears in February and August for each series of notes.