Occidental Petroleum Corporation · NYSE:OXY
Occidental Petroleum — Q3 2009 Earnings Presentation
13 slides from Occidental Petroleum's earnings presentation, Oct 22, 2009
Slide 1: Investor Relations Supplemental Schedules - Summary
Exhibit 99.3 Investor Relations Supplemental Schedules Investor Relations Supplemental Schedules Summary ($ Millions) 3Q 2009 3Q 2008 Reported Net Income $ 927 $ 2,271 EPS - Diluted $ 1.14 $ 2.77 Core Results $ 929 $ 2,272 EPS - Diluted $ 1.14 $ 2.77 Total Worldwide Sales Volumes (mboe/day) 628 588
Slide 2: 2009 and 2008 Third Quarter Net Income (Loss)
2009 Third Quarter Net Income (Loss) ($ millions) Reported Core Income Significant Items Affecting Income Results Oil & Gas $ 1,464 $ 1,464 Chemical 72 72 Midstream, marketing and other 77 77 Corporate Interest expense, net (33) (33) Other (102) (102) Taxes (549) (549) Income from continuing operati
Slide 3: 2008 Third Quarter and 2009 First Nine Months Net Income
Discontinued operations, net of tax (1) 1 Discontinued operations, net — Net Income $ 2,271 $ 1 $ 2,272 Basic Earnings Per Common Share Income from continuing operations $ 2.78 Discontinued operations, net — Net Income $ 2.78 $ 2.78 Diluted Earnings Per Common Share Income from continuing operations
Slide 4: 2008 First Nine Months Net Income (Loss)
OCCIDENTAL PETROLEUM 2008 First Nine Months Net Income (Loss) ($ millions) Reported Core Income Significant Items Affecting Income Results Oil & Gas $ 10,312 $ 10,312 Chemical 542 542 Midstream, marketing and other 350 350 Corporate Interest expense, net (10) (10) Other (292) (292) Taxes (4,511) (4,
Slide 5: Worldwide Effective Tax Rate
6 Investor Relations Supplemental Schedules OCCIDENTAL PETROLEUM Worldwide Effective Tax Rate QUARTERLY YEAR-TO-DATE 2009 2009 2008 2009 2008 QTR 3 QTR 2 QTR 3 9 Months 9 Months REPORTED INCOME Oil & Gas (a) 1,464 1,083 3,618 3,092 10,312 Chemicals 72 115 219 356 542 Midstream, marketing and other 7
Slide 6: 2009 Third Quarter Net Income Comparison to Second Quarter
OCCIDENTAL PETROLEUM 2009 Third Quarter Net Income (Loss) Reported Income Comparison Third Second Quarter Quarter 2009 2009 B / (W) Oil & Gas $ 1,464 $ 1,083 $ 381 Chemical 72 115 (43) Midstream, marketing and other 77 63 14 Corporate Interest expense, net (33) (23) (10) Other (102) (99) (3) Taxes (
Slide 7: Investor Relations Supplemental Schedules OCCIDENTAL PETROLEUM
9 Investor Relations Supplemental Schedules OCCIDENTAL PETROLEUM
Slide 8: 2009 Third Quarter Net Income Comparison to 2008
2009 Third Quarter Net Income (Loss) Reported Income Comparison Third Third Quarter Quarter 2009 2008 B / (W) Oil & Gas $ 1,464 $ 3,618 $ (2,154) Chemical 72 219 (147) Midstream, marketing and other 77 66 11 Corporate Interest expense, net (33) (3) (30) Other (102) (82) (20) Taxes (549) (1,546) 997
Slide 9: Summary of Operating Statistics
11 Investor Relations Supplemental Schedules OCCIDENTAL PETROLEUM SUMMARY OF OPERATING STATISTICS
Slide 10: Net Sales Volumes Per Day
Third Quarter Nine months 2009 2008 2009 2008 NET SALES VOLUMES PER DAY: United States Crude Oil and Liquids (MBBL) California 92 87 93 86 Permian 168 166 168 168 Midcontinent/Rockies 9 8 10 6 Total 269 261 271 260 Natural Gas (MMCF) California 269 236 240 239 Permian 208 169 200 179 Midcontinent/Ro
Slide 11: Production and Prices Operating Statistics
Latin America Crude Oil (MBBL) Argentina 31 39 36 33 Colombia 43 43 46 43 Total 74 82 82 76 Natural Gas (MMCF) 45 45 47 40 Middle East / North Africa Crude Oil (MBBL) Oman 40 24 38 21 Dolphin 21 18 22 20 Qatar 48 48 48 47 Yemen 22 19 25 22 Libya 5 9 7 17 Total 136 118 140 127 Natural Gas (MMCF) 230
Slide 12: Capital Expenditures and DD&A
Domestic $ 45 $ 10 $ 107 $ 42 Latin America 4 9 14 35 Middle East / North Africa 7 41 47 117 Other Eastern Hemisphere — 1 — (1) TOTAL REPORTED $ 56 $ 61 $ 168 $ 193 14 Investor Relations Supplemental Schedules OCCIDENTAL PETROLEUM SUMMARY OF OPERATING STATISTICS Third Quarter Nine months 2009 2008 2
Slide 13: Capitalization
30-Sep-09 31-Dec-08 CAPITALIZATION Long-Term Debt (including current maturities) $ 2,795 $ 2,740 Notes Payable — 7 Others 25 25 Total Debt $ 2,820 $ 2,772 EQUITY $ 28,520 $ 27,325 Total Debt To Total Capitalization 9% 9% 16