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EARNINGS PER SHARE AND EQUITY
 9 Months Ended
Sep. 30, 2024
Stockholders' Equity Note [Abstract]  
EARNINGS PER SHARE AND EQUITY
NOTE 10 - EARNINGS PER SHARE AND EQUITY

The following table presents the calculation of basic and diluted EPS attributable to common stockholders:
Three months ended September 30,Nine months ended September 30,
millions except per-share amounts2024202320242023
Income from continuing operations $1,140 $1,375 $3,016 $3,498 
Discontinued operations, net of taxes (a)
— — 182 — 
Net income$1,140 $1,375 $3,198 $3,498 
Less: Income attributable to noncontrolling interest(7)— (15)— 
Less: Preferred stock dividends and redemption premiums(169)(219)(509)(754)
Net income attributable to common stock$964 $1,156 $2,674 $2,744 
Less: Net income allocated to participating securities(5)(7)(15)(17)
Net income, net of participating securities$959 $1,149 $2,659 $2,727 
Weighted-average number of basic shares927.5884.0902.1891.9
Basic income per common share$1.03 $1.30 $2.95 $3.06 
Net income attributable to common stock$964 $1,156 $2,674 $2,744 
Less: Net income allocated to participating securities(4)(6)(14)(16)
Net income, net of participating securities$960 $1,150 $2,660 $2,728 
Weighted-average number of basic shares927.5 884.0 902.1 891.9 
Dilutive securities48.2 74.2 59.3 72.5 
Dilutive effect of potentially dilutive securities975.7 958.2 961.4 964.4 
Diluted income per common share$0.98 $1.20 $2.77 $2.83 

For the three months ended September 30, 2024 warrants for 83.9 million shares of Occidental common stock were excluded from diluted shares as their effect would have been anti-dilutive. For the three and nine months ended September 30, 2023, there were no Occidental common stock warrants nor options that were excluded from diluted shares.
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)
CrownRock Acquisition
Other (b)
Treasury Stock Purchases (c)
Common Stock Outstanding (d)
December 31, 2023879,463,103 
First Quarter 20243,277,628 — 3,978,999 — 886,719,730 
Second Quarter 202418,875,864 — 94,789 (130,424)905,559,959 
Third Quarter 20243,032,136 29,560,619 21,504 — 938,174,218 
Total25,185,628 29,560,619 4,095,292 (130,424)938,174,218 
(a)    $554 million of cash was received in the first nine months of 2024 from 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)    Included purchases of shares from the trustee of Occidental's defined contribution savings plan that are not part of publicly announced plans or programs.
(d)    As of September 30, 2024, Occidental had 74.3 million outstanding warrants with a strike of $22.00 per share and 83.9 million of Berkshire warrants with a strike of $59.62 per share.