Occidental Petroleum Corporation · NYSE:OXY
Occidental Petroleum — Shareholder Meeting (May 2008)
28 slides from Occidental Petroleum's shareholder meeting presentation, May 2, 2008
Slide 1: Occidental Petroleum Corporation 2008 Annual Stockholders Meeting
Occidental Petroleum Corporation 2008 Annual Stockholders Meeting
Slide 2: Dr. Ray R. Irani, Chairman and Chief Executive Officer
Dr. Ray R. Irani Chairman and Chief Executive Officer
Slide 3: Net Income
Net Income $ in billions $1.5 $2.6 $5.3 $4.2 $5.4
Slide 4: Total Debt
Total Debt $ in billions $4.6 $3.9 $3.0 $2.9 $1.8 (GAAP reconciliation available at www.oxy.com )
Slide 5: Rising Dividends
Rising Dividends $/Share at Year-End $0.50 $0.52 $0.55 $0.72 $0.88 $1.00 $1.28
Slide 6: 2002-2007 Share Price
2002-2007 Share Price $/Share* at Year-End $14.23 $21.12 $29.18 $39.94 $48.83 $76.99 * Adjusted for stock split
Slide 7: Comparative Total Returns
Comparative Total Returns Oxy Peer Group S&P 500 $100 $100 $ 100 $129 $125 $153 $143 $156 $216 $150 $182 $301 $173 $226 $374 $183 $283 $599 The Peer Group consists of Anadarko Petroleum Corporation, Apache Corporation, BP p.l.c. (BP), Chevron Corporation, ConocoPhillips, Devon Energy Corporation, Ex
Slide 8: Stock Market Value
Stock Market Value $ in billions $5.5 $6.8 $9.0 $32.1 $41.0 $63.6
Slide 9: "Buy" Oxy Stock
“Buy” Oxy Stock Citigroup Buy Credit Suisse Buy Deutsche Bank Buy JP Morgan Buy Merrill Lynch Buy Morgan Stanley Buy BMO Nesbitt Burns Buy Oppenheimer & Co. Buy Raymond James Buy Simmons & Co. Buy UBS Buy Wall Street Access Buy
Slide 10: Oil & Natural Gas Production
Oil & Natural Gas Production Thousand BOE/day International United States
Slide 11: 2007 Income Per BOE After Taxes
2007 Income Per BOE After Taxes $/Barrel of Oil Equivalent $9.53 APC $11.96 COP $12.53 BP $12.63 RDS $14.51 DVN $14.91 CVX $15.28 APA $17.00 XOM $21.30 OXY (GAAP reconciliation available at www.oxy.com )
Slide 12: A Year of Strong Progress
A Year of Strong Progress
Slide 13: U.S. Assets Acquired in 2007
California Utah Colorado New Mexico Oklahoma Texas U.S. Assets Acquired in 2007 Oxy Blocks
Slide 14: Dolphin Project map
Sea Lines QATAR Doha Saudi Arabia Arabian Gulf Export Line Abu Dhabi UNITED ARAB EMIRATES Dubai Oman Dolphin Project Ras Laffan Existing Lines
Slide 15: Dolphin Project
Dolphin Project
Slide 16: Extended Libya Agreements
Tunisia Tripoli Benghazi Mediterranean Sea Algeria LIBYA Egypt Niger Chad Sudan Extended Libya Agreements Oxy Blocks
Slide 17: Extended Libya Agreements
Extended Libya Agreements Libya production projected to increase from 1.6 million to 3 million BOE per day by 2010 Oxy-managed production expected to triple to around 300,000 BOE per day by 2013
Slide 18: Chemical Operations
Chemical Operations
Slide 19: First in North America
First in North America
Slide 20: Slide 20
Slide 21: Looking Ahead
Looking Ahead
Slide 22: Looking Ahead
Looking Ahead Oil and Natural Gas Production Thousand BOE/day 10% production increase in 2008
Slide 23: Partnership with Abu Dhabi
Partnership with Abu Dhabi
Slide 24: Teaming up for Success
Teaming up for Success
Slide 25: Recognition: Top CFO
Recognition: Top CFO “…an economic strategist, helping navigate the economy’s shoals and keeping jittery investors abreast of fast-changing conditions.” STEPHEN CHAZEN Top Ranked Oil & Gas Industry CFO
Slide 26: Slide 26
Slide 27: Forward-looking statements
Statements in this presentation that contain words such as "will," "expect," or "estimate," or otherwise relate to the future, are forward-looking and involve risks and uncertainties that could materially affect expected results. Factors that could cause results to differ materially include, but are
Slide 28: GAAP Reconciliations: Total Debt and Income Per BOE
A Socially Responsible Company Total Debt Reconciliation to Generally Accepted Accounting Principles (GAAP) Expressed in $ Millions Current Maturities 31-Dec-03 31-Dec-04 31-Dec-05 31-Dec-06 31-Dec-07 Long-term debt Trust preferred securities – – – – Notes payable – – – – Non-current Debt Long-term
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