Earnings Per Share and Stockholders' Equity

6 Months Ended

Jun. 30, 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 June 30,				Six months ended June 30,
millions except share and per-share amounts	2021		2020		2021		2020
Net income (loss) from continuing operations	$	100	$	(6,716)	$	399	$	(8,729)
Income (loss) from discontinued operations	3		(1,415)		(442)		(1,415)
Net income (loss)	103		(8,131)		(43)		(10,144)
Less: Preferred stock dividends	(200)		(222)		(400)		(441)
Net loss attributable to common stockholders	$	(97)	$	(8,353)	$	(443)	$	(10,585)
Weighted-average number of basic shares	934.2		915.5		933.8		906.2
Basic loss per common share	$	(0.10)	$	(9.12)	$	(0.47)	$	(11.68)
Net loss attributable to common stockholders	$	(97)	$	(8,353)	$	(443)	$	(10,585)
Weighted-average number of basic shares	934.2		915.5		933.8		906.2
Dilutive securities	—		—		—		—
Total diluted weighted-average common shares	934.2		915.5		933.8		906.2
Diluted loss per common share	$	(0.10)	$	(9.12)	$	(0.47)	$	(11.68)

For the three and six months ended June 30, 2021 and 2020, warrants and options covering approximately 200 million shares of Occidental common stock were excluded from the diluted shares as their effect would have been anti-dilutive.