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STOCKHOLDERS' EQUITY (Tables)
 12 Months Ended
Dec. 31, 2024
Stockholders' Equity Note [Abstract]  
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:

PeriodExercise of Warrants and Options
(a)
CrownRock AcquisitionOther
(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 
Fourth Quarter 2024246,049 — 165,079 (127,363)938,457,983 
Total 202425,431,677 29,560,619 4,260,371 (257,787)938,457,983 
(a)    Approximately $559 million of cash was received as a result of the exercise of common stock warrants and options.
(b)    Consisted of issuances for the 2015 long-term incentive plan, the OPC savings plan and the dividend reinvestment plan.
(c)    Consisted of 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 December 31, 2024, Occidental had 74.0 million of outstanding warrants with a strike price of $22 per share and 83.9 million of warrants with a strike price of $59.62 per share.
Calculation of basic and diluted EPS
The following table presents the calculation of basic and diluted EPS for the years ended December 31:

millions except per share amounts202420232022
Income from continuing operations
$2,896 $4,696 $13,304 
Income from discontinued operations, net of tax182 — — 
Net income
$3,078 $4,696 $13,304 
Less: Net income attributable to noncontrolling interest(22)— — 
Less: Preferred stock dividends(679)(923)(800)
Net income attributable to common stock
$2,377 $3,773 $12,504 
Less: Net income allocated to participating securities(13)(23)(83)
Net income, net of participating securities
$2,364 $3,750 $12,421 
Weighted-average number of basic shares911.8 889.2 926.2 
Basic earnings per common share
$2.59 $4.22 $13.41 
Net income attributable to common stock$2,377 $3,773 $12,504 
Less: Net income allocated to participating securities(13)(21)(77)
Net income, net of participating securities
$2,364 $3,752 $12,427 
Weighted-average number of basic shares911.8 889.2 926.2 
Dilutive securities55.3 71.7 75.8 
Total diluted weighted-average common shares967.1 960.9 1,002.0 
Diluted earnings per common share
$2.44 $3.90 $12.40 
Components of accumulated other comprehensive income (loss)
Accumulated OCI (loss) consisted of the following after-tax amounts as of December 31:

millions20242023
Foreign currency translation adjustments$(6)$(4)
Derivatives15 20 
Pension and postretirement adjustments (a)
170 259 
Total$179 $275