Occidental Petroleum Corporation · NYSE:OXY

Occidental Petroleum — Q1 2007 Earnings Presentation

14 slides from Occidental Petroleum's earnings presentation, Nov 11, 2007

  1. Slide 1: Investor Relations Supplemental Schedules: 2007 First Quarter Summary

    Investor Relations Supplemental Schedules Investor Relations Supplemental Schedules 2007 First Quarter Summary ($ Millions) 1Q 2007 1Q 2006 Reported Net Income $1,212 $1,231 EPS ­ Diluted $1.43 $1.43 Core Results $831 $1,153 EPS ­ Diluted $0.98 $1.34 Total Worldwide Production (mboe/day) 587 563 Tot

  2. Slide 2: 2007 First Quarter Net Income (Loss)

    Investor Relations Supplemental Schedules OCCIDENTAL PETROLEUM 2007 First Quarter Net Income (Loss) ($ millions) Reported Core Income Significant Items Affecting Income Results Oil & Gas $ 2,070 $ (412) Sale of Russia ­ Vanyoganneft $ 1,549 (109) Litigation settlements Chemical 137 137 Corporate Int

  3. Slide 3: 2006 First Quarter Net Income (Loss)

    Investor Relations Supplemental Schedules OCCIDENTAL PETROLEUM 2006 First Quarter Net Income (Loss) ($ millions) Reported Core Income Significant Items Affecting Income Results Oil & Gas $ 1,910 $ 1,910 Chemical 250 250 Corporate Interest expense, net (29) (29) Other (71) (71) Taxes (907) (907) Inco

  4. Slide 4: Items Affecting Comparability of Core Earnings Between Periods

    Investor Relations Supplemental Schedules OCCIDENTAL PETROLEUM Items Affecting Comparability of Core Earnings Between Periods The item(s) below are included in core earnings but are shown in this table because they affect the comparability of core earnings between periods. Pre­tax Income / (Expense)

  5. Slide 5: Worldwide Effective Tax Rate

    Investor Relations Supplemental Schedules OCCIDENTAL PETROLEUM Worldwide Effective Tax Rate QUARTERLY 2007 2006 2006 REPORTED INCOME QTR 1 QTR 4 QTR 1 Oil & Gas (a) 2,070 1,499 1,910 Chemicals 137 157 250 Corporate & other (292) 62 (100) Pre­tax income 1,915 1,718 2,060 Income tax expense Federal an

  6. Slide 6: 2007 First Quarter Net Income: Comparison with Fourth Quarter

    Investor Relations Supplemental Schedules OCCIDENTAL PETROLEUM 2007 First Quarter Net Income (Loss) Reported Income Comparison First Fourth Quarter Quarter 2007 2006 B / (W) Oil & Gas $ 2,070 $ 1,499 $ 571 Chemical 137 157 (20) Corporate Interest expense, net (181) (51) (130) Other (111) 113 (224) T

  7. Slide 7: Core Results Variance Analysis 1Q07 vs. 4Q06

    Investor Relations Supplemental Schedules OCCIDENTAL PETROLEUM Oil & Gas Core Results Variance Analysis 1Q07 vs. 4Q06 ($ Millions) $138 $40 $2 $46 $1,549 $1,499 4Q 06 Sales Price Sales Exploration All Others 1Q 07 Volume/Mix Expense OCCIDENTAL PETROLEUM Chemical Core Results Variance Analysis 1Q07 v

  8. Slide 8: 2007 First Quarter Net Income: Comparison with First Quarter 2006

    Investor Relations Supplemental Schedules OCCIDENTAL PETROLEUM 2007 First Quarter Net Income (Loss) Reported Income Comparison First First Quarter Quarter 2007 2006 B / (W) Oil & Gas $ 2,070 $ 1,910 $ 160 Chemical 137 250 (113) Corporate Interest expense, net (181) (29) (152) Other (111) (71) (40) T

  9. Slide 9: Core Results Variance Analysis 1Q07 vs. 1Q06

    Investor Relations Supplemental Schedules OCCIDENTAL PETROLEUM Oil & Gas Core Results Variance Analysis 1Q07 vs. 1Q06 ($ Millions) $1,910 $233 $31 $64 $161 $1,549 1Q 06 Sales Price Sales Exploration All Others 1Q 07 Volume/Mix Expense OCCIDENTAL PETROLEUM Chemical Core Results Variance Analysis 1Q07

  10. Slide 10: Summary of Operating Statistics: Net Production per Day

    Investor Relations Supplemental Schedules OCCIDENTAL PETROLEUM SUMMARY OF OPERATING STATISTICS First Quarter 2007 2006 NET PRODUCTION PER DAY: United States Crude Oil and Liquids (MBL) California 85 82 Permian 165 166 Horn Mountain 10 15 Hugoton and other 4 3 Total 264 266 Natural Gas (MMCF) Califor

  11. Slide 11: Summary of Operating Statistics: Prices and Exploration Expense

    Investor Relations Supplemental Schedules OCCIDENTAL PETROLEUM SUMMARY OF OPERATING STATISTICS First Quarter 2007 2006 OIL & GAS: PRICES United States Crude Oil ($/BBL) 52.17 55.25 Natural gas ($/MCF) 6.38 8.36 Latin America Crude Oil ($/BBL) 45.71 51.82 Natural Gas ($/MCF) 1.94 1.76 Middle East / N

  12. Slide 12: Summary of Operating Statistics: Capital Expenditures and DD&A

    Investor Relations Supplemental Schedules OCCIDENTAL PETROLEUM SUMMARY OF OPERATING STATISTICS First Quarter Capital Expenditures ($MM) 2007 2006 Oil & Gas California $ 132 $ 103 Permian 164 127 Other ­ U.S. 44 67 Latin America 114 47 Middle East / North Africa 293 209 Other Eastern Hemisphere 4 6 C

  13. Slide 13: Corporate Capitalization

    Investor Relations Supplemental Schedules OCCIDENTAL PETROLEUM CORPORATE ($ millions) 31­Mar­07 31­Dec­06 CAPITALIZATION Long­Term Debt (including current maturities) $ 2,140 $ 2,790 Subsidiary Preferred Stock 75 75 Others 25 25 Total Debt $ 2,240 $ 2,890 EQUITY $ 20,217 $ 19,252 Total Debt To Total

  14. Slide 14: Forward-looking statements and non-GAAP notice

    Investor Relations Supplemental Schedules See the investor relations supplemental schedules for the reconciliation of non­GAAP items. Statements in this presentation that contain words such as "will", "expect" or "estimate", or otherwise relate to the future, are forward­looking and involve risks an

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