Occidental Petroleum Corporation · NYSE:OXY
Occidental Petroleum — Q1 2012 Earnings Presentation
12 slides from Occidental Petroleum's earnings presentation, Apr 26, 2012
Slide 1: Investor Relations Supplemental Schedules: Summary
EXHIBIT 99.3 Investor Relations Supplemental Schedules Investor Relations Supplemental Schedules Summary ($ Millions) 1Q 2012 1Q 2011 Core Results $1,560 $1,593 EPS - Diluted $1.92 $1.96 Reported Net Income $1,559 $1,549 EPS - Diluted $1.92 $1.90 Total Worldwide Sales Volumes (mboe/day) 745 728 Tota
Slide 2: 2012 and 2011 First Quarter Net Income (Loss)
Reported Core Income Significant Items Affecting Income Results Oil & Gas $ 2,504 $ 2,504 Chemical 184 184 Midstream, marketing and other 131 131 Corporate Interest expense, net (28) (28) Other (92) (92) Taxes (1,139) (1,139) Income from continuing operations 1,560 - 1,560 Discontinued operations, n
Slide 3: Net Income and Worldwide Effective Tax Rate
Taxes (1,054) (50) Tax effect of adjustments (1,071) 33 State income tax charge Income from continuing operations 1,405 188 1,593 Discontinued operations, net of tax 144 (144) Discontinued operations, net - Net Income $ 1,549 $ 44 $ 1,593 Basic Earnings Per Common Share Income from continuing operat
Slide 4: Reported and Core Results Comparison, First vs Fourth Quarter
Foreign 693 514 676 Total 1,139 949 1,071 Core results 1,560 1,641 1,593 Worldwide effective tax rate 42% 37% 40% 4 Investor Relations Supplemental Schedules OCCIDENTAL PETROLEUM 2012 First Quarter Net Income (Loss) Reported Income Comparison First Fourth Quarter Quarter 2012 2011 B / (W) Oil & Gas
Slide 5: Core Results Comparison
Corporate Interest expense, net (28) (25) (3) Other (92) (136) 44 Taxes (1,139) (949) (190) Core Results $1,560 $ 1,641 $ (81) Core Results Per Common Share Basic $ 1.92 $ 2.02 $ (0.10) Diluted $ 1.92 $ 2.02 $ (0.10) Worldwide Effective Tax Rate 42% 37% -5% 5 Investor Relations Supplemental Schedule
Slide 6: Investor Relations Supplemental Schedules
6 Investor Relations Supplemental Schedules
Slide 7: Reported and Core Income Comparison, First Quarter 2012 vs 2011
OCCIDENTAL PETROLEUM 2012 First Quarter Net Income (Loss) Reported Income Comparison First First Quarter Quarter 2012 2011 B / (W) Oil & Gas $ 2,504 $ 2,468 $ 36 Chemical 184 219 (35) Midstream, marketing and other 131 114 17 Corporate Interest expense, net (28) (214) 186 Other (92) (128) 36 Taxes (
Slide 8: Investor Relations Supplemental Schedules
8 Investor Relations Supplemental Schedules
Slide 9: Summary of Operating Statistics: Net Production per Day
OCCIDENTAL PETROLEUM SUMMARY OF OPERATING STATISTICS First Quarter 2012 2011 NET PRODUCTION PER DAY: United States Crude Oil (MBBL) California 86 77 Permian 139 132 Midcontinent and other 19 13 Total 244 222 NGL (MBBL) California 15 14 Permian 39 37 Midcontinent and other 18 8 Total 72 59 Natural Ga
Slide 10: Summary of Operating Statistics: Net Sales Volumes and Prices
OCCIDENTAL PETROLEUM SUMMARY OF OPERATING STATISTICS First Quarter 2012 2011 NET SALES VOLUMES PER DAY: United States Crude Oil (MBBL) 244 222 NGL (MBBL) 72 59 Natural Gas (MMCF) 834 734 Latin America Crude Oil (MBBL) 24 33 Natural Gas (MMCF) 14 16 Middle East / North Africa Crude Oil (MBBL) Bahrain
Slide 11: Prices, Exploration Expense and Capital Expenditures
NGL ($/BBL) 53.95 55.90 Natural gas ($/MCF) 2.84 4.21 Latin America Crude Oil ($/BBL) 103.31 92.68 Natural Gas ($/MCF) 11.63 8.23 Middle East / North Africa Crude Oil ($/BBL) 114.80 96.44 NGL ($/BBL) 40.77 33.93 Total Worldwide Crude Oil ($/BBL) 107.98 92.14 NGL ($/BBL) 52.51 52.64 Natural Gas ($/MC
Slide 12: DD&A and Corporate Capitalization
Domestic $ 588 $ 407 Latin America 25 28 Middle East / North Africa 335 322 Chemicals 85 82 Midstream, marketing and other 46 45 Corporate 6 6 TOTAL $ 1,085 $ 890 12 Investor Relations Supplemental Schedules OCCIDENTAL PETROLEUM CORPORATE ($ millions) 31-Mar-12 31-Dec-11 CAPITALIZATION Long-Term Deb