Earnings Per Share and Stockholders' Equity

3 Months Ended

Mar. 31, 2021

Stockholders' Equity Note [Abstract]

Earnings Per Share and Stockholders' Equity

NOTE 11 - EARNINGS PER SHARE AND STOCKHOLDERS' EQUITY

The following table presents the calculation of basic and diluted net income (loss) attributable to common stockholders per share:

	Three months ended March 31,
millions except per share amounts	2021		2020
Net income (loss) from continuing operations	$	299	$	(2,013)
Loss from discontinued operations	(445)		—
Net loss	(146)		(2,013)
Less: Preferred stock dividends	(200)		(219)
Net loss attributable to common stockholders	$	(346)	$	(2,232)
Weighted-average number of basic shares	933.1		896.7
Basic loss per common share	$	(0.37)	$	(2.49)
Net loss, net of participating securities	(346)		(2,232)
Dilutive securities	947.9		896.7
Diluted loss per common share	$	(0.36)	$	(2.49)

For the three months ended March 31, 2021, warrants and options covering approximately 87 million shares of Occidental common stock were excluded from the diluted shares as their effect would have been anti-dilutive. In April 2021, Occidental paid $200 million cash in preferred stock dividends.