EXHIBIT 11

OCCIDENTAL PETROLEUM CORPORATION AND SUBSIDIARIES
COMPUTATION OF EARNINGS PER SHARE
FOR THE THREE MONTHS ENDED MARCH 31, 2001 AND 2000
(Amounts in thousands, except per-share amounts)

			Three Months Ended
			March 31
			2001			2000
BASIC EARNINGS PER SHARE
Income before extraordinary item and effect of changes in accounting principles			$	509,959		$	271,001
Effect of repurchase of Trust Preferred Securities				29			611
Earnings before extraordinary item and effect of changes in accounting principles				509,988			271,612
Extraordinary loss, net				(2,615	)		—
Cumulative effect of changes in accounting principles, net				(23,613	)		—
Earnings applicable to common stock			$	483,760		$	271,612
Weighted average common shares outstanding				370,234			368,125
Basic earnings per share
Income before extraordinary item and effect of changes in accounting principles			$	1.38		$	.74
	Extraordinary loss, net			(.01	)		—
	Cumulative effect of changes in accounting principles, net			(.06	)		—
		Basic earnings per common share	$	1.31		$	.74
DILUTED EARNINGS PER SHARE
Earnings before extraordinary item and effect of changes in accounting principles			$	509,988		$	271,612
Extraordinary loss, net				(2,615	)		—
Cumulative effect of changes in accounting principles, net				(23,613	)		—
Earnings applicable to common stock			$	483,760		$	271,612
Weighted average common shares outstanding				370,234			368,125
Dilutive effect of exercise of options outstanding				717			111
				370,951			368,236
Diluted earnings per share
Income before extraordinary item and effect of changes in accounting principles			$	1.37		$	.74
	Extraordinary loss, net			(.01	)		—
	Cumulative effect of changes in accounting principles, net			(.06	)		—
		Diluted earnings per common share	$	1.30		$	.74

The following items were not included in the computation of diluted earnings per share because their effect was antidilutive (in thousands, except per-share amounts):

Three Months Ended March 31,		2001		2000
Stock options
	Number of shares		4,124		4,969
	Price range per share	$	23.875—$29.438	$	19.875—$29.438
	Expiration range		7/10/06—11/10/09		8/18/00—7/8/08