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EARNINGS PER SHARE AND EQUITY (Tables)
 3 Months Ended
Mar. 31, 2024
Stockholders' Equity Note [Abstract]  
Schedule of Calculation of Basic and Diluted EPS
The following table presents the calculation of basic and diluted EPS attributable to common stockholders:

Three months ended March 31,
millions except per-share amounts20242023
Income from continuing operations $706 $1,263 
Discontinued operations, net of taxes (a)
182 — 
Net income$888 $1,263 
Less: Preferred stock dividends and redemption premiums(170)(280)
Net income attributable to common stock$718 $983 
Less: Net income allocated to participating securities(4)(6)
Net income, net of participating securities$714 $977 
Weighted-average number of basic shares884.1901.2
Basic income per common share$0.81 $1.08 
Net income attributable to common stock$718 $983 
Less: Net income allocated to participating securities(4)(6)
Net income, net of participating securities$714 $977 
Weighted-average number of basic shares884.1 901.2 
Dilutive securities64.5 74.1 
Dilutive effect of potentially dilutive securities948.6 975.3 
Diluted income per common share$0.75 $1.00 
Schedule of Repurchase Agreements
The following table presents Occidental's common share activity, including exercises of warrants, and other transactions in Occidental's common stock in 2024:

Period
Exercise of Warrants (a)
Other (b)
Common Stock Outstanding (c)
December 31, 2023879,463,103 
First Quarter 20243,277,628 3,978,999 886,719,730 
(a)    Approximately $72 million of cash was received as a result of the exercise of common stock warrants.
(b)    Consists of issuances from the 2015 long-term incentive plan, the OPC savings plan and the dividend reinvestment plan.
(c)    As of March 31, 2024, Occidental has 96.2 million outstanding warrants with a strike of $22.00 per share and 83.9 million of warrants with a strike of $59.62 per share.