Occidental Petroleum Corporation · NYSE:OXY
Occidental Petroleum — Q1 2009 Earnings Presentation
14 slides from Occidental Petroleum's earnings presentation, Apr 23, 2009
Slide 1: Investor Relations Supplemental Schedules Summary
EXHIBIT 99.3 Investor Relations Supplemental Schedules Investor Relations Supplemental Schedules Summary ($ Millions) 1Q 2009 1Q 2008 Reported Net Income $368 $1,846 EPS - Diluted $0.45 $2.22 Core Results $407 $1,819 EPS - Diluted $0.50 $2.19 Total Worldwide Sales Volumes (mboe/day) 654 607 Total Wo
Slide 2: 2009 First Quarter Net Income (Loss)
Investor Relations Supplemental Schedules OCCIDENTAL PETROLEUM 2009 First Quarter Net Income (Loss) ($ millions) Reported Core Income Significant Items Affecting Income Results Oil & Gas $ 545 $ 8 Rig terminations $ 553 Chemical 169 169 Midstream, marketing and other 14 14 Corporate Interest expense
Slide 3: 2008 First Quarter Net Income (Loss)
Investor Relations Supplemental Schedules OCCIDENTAL PETROLEUM 2008 First Quarter Net Income (Loss) ($ millions) Reported Core Income Significant Items Affecting Income Results Oil & Gas $ 2,888 $ 2,888 Chemical 179 179 Midstream, marketing and other 123 123 Corporate Interest expense, net — — Other
Slide 4: Items Affecting Comparability of Core Results Between Periods
Investor Relations Supplemental Schedules OCCIDENTAL PETROLEUM Items Affecting Comparability of Core Results Between Periods The item(s) below are included in core results and are shown in this table because they affect the comparability between periods. Pre-tax Income / (Expense) First Quarter 2009
Slide 5: Worldwide Effective Tax Rate
Investor Relations Supplemental Schedules OCCIDENTAL PETROLEUM Worldwide Effective Tax Rate QUARTERLY 2009 2008 2008 REPORTED INCOME QTR 1 QTR 4 QTR 1 Oil & Gas (a) 545 339 2,888 Chemicals 169 127 179 Midstream, marketing and other 14 170 123 Corporate & other (116) (70) (77) Pre-tax income 612 566
Slide 6: 2009 First Quarter Net Income (Loss) Comparison vs Fourth Quarter
Investor Relations Supplemental Schedules OCCIDENTAL PETROLEUM 2009 First Quarter Net Income (Loss) Reported Income Comparison First Fourth Quarter Quarter 2009 2008 B / (W) Oil & Gas $ 545 $ 339 $ 206 Chemical 169 127 42 Midstream, marketing and other 14 170 (156) Corporate Interest expense, net (2
Slide 7: Investor Relations Supplemental Schedules
Investor Relations Supplemental Schedules 7
Slide 8: 2009 First Quarter Net Income (Loss) Comparison vs First Quarter 2008
Investor Relations Supplemental Schedules OCCIDENTAL PETROLEUM 2009 First Quarter Net Income (Loss) Reported Income Comparison First First Quarter Quarter 2009 2008 B / (W) Oil & Gas $ 545 $ 2,888 $ (2,343) Chemical 169 179 (10) Midstream, marketing and other 14 123 (109) Corporate Interest expense,
Slide 9: Investor Relations Supplemental Schedules
Investor Relations Supplemental Schedules 9
Slide 10: Summary of Operating Statistics: Net Sales Volumes
Investor Relations Supplemental Schedules OCCIDENTAL PETROLEUM SUMMARY OF OPERATING STATISTICS First Quarter 2009 2008 NET SALES VOLUMES PER DAY: United States Crude Oil and Liquids (MBBL) California 97 87 Permian 169 170 Midcontinent and Rockies 10 4 Total 276 261 Natural Gas (MMCF) California 216
Slide 11: Summary of Operating Statistics: Net Production
Investor Relations Supplemental Schedules OCCIDENTAL PETROLEUM SUMMARY OF OPERATING STATISTICS First Quarter 2009 2008 NET PRODUCTION PER DAY: United States Crude Oil and Liquids (MBBL) 276 261 Natural Gas (MMCF) 620 580 Latin America Crude Oil (MBBL) Argentina 39 36 Colombia 48 42 Total 87 78 Natur
Slide 12: Summary of Operating Statistics: Prices and Exploration Expense
Investor Relations Supplemental Schedules OCCIDENTAL PETROLEUM SUMMARY OF OPERATING STATISTICS First Quarter 2009 2008 OIL & GAS: PRICES United States Crude Oil ($/BBL) 37.66 90.21 Natural gas ($/MCF) 3.54 8.15 Latin America Crude Oil ($/BBL) 39.59 67.26 Natural Gas ($/MCF) 3.50 3.80 Middle East / N
Slide 13: Summary of Operating Statistics: Capital Expenditures and DD&A
Investor Relations Supplemental Schedules OCCIDENTAL PETROLEUM SUMMARY OF OPERATING STATISTICS First Quarter Capital Expenditures ($MM) 2009 2008 Oil & Gas California $ 156 $ 160 Permian 189 73 Other - U.S. 56 46 Latin America 190 157 Middle East / North Africa 272 244 Exploration 48 39 Chemicals 31
Slide 14: Corporate: Capitalization
Investor Relations Supplemental Schedules OCCIDENTAL PETROLEUM CORPORATE ($ millions) 31-Mar-09 31-Dec-08 CAPITALIZATION Long-Term Debt (including current maturities) $ 2,740 $ 2,740 Notes Payable — 7 Others 25 25 Total Debt $ 2,765 $ 2,772 EQUITY $ 27,469 $ 27,325 Total Debt To Total Capitalization