Occidental Petroleum Corporation · NYSE:OXY

Occidental Petroleum — Q2 2009 Earnings Presentation

16 slides from Occidental Petroleum's earnings presentation, Jul 23, 2009

  1. Slide 1: Investor Relations Supplemental Schedules Summary

    EXHIBIT 99.3 Investor Relations Supplemental Schedules Investor Relations Supplemental Schedules Summary ($ Millions) 2Q 2009 2Q 2008 Reported Net Income $682 $2,297 EPS - Diluted $0.84 $2.78 Core Results $689 $2,300 EPS - Diluted $0.85 $2.78 Total Worldwide Sales Volumes (mboe/day) 649 588 Total Wo

  2. Slide 2: 2009 Second Quarter Net Income (Loss)

    Investor Relations Supplemental Schedules OCCIDENTAL PETROLEUM 2009 Second Quarter Net Income (Loss) ($ millions) Reported Core Income Significant Items Affecting Income Results Oil & Gas $ 1,083 $ 1,083 Chemical 115 115 Midstream, marketing and other 63 63 Corporate Interest expense, net (23) (23)

  3. Slide 3: 2008 Second Quarter Net Income (Loss)

    Investor Relations Supplemental Schedules OCCIDENTAL PETROLEUM 2008 Second Quarter Net Income (Loss) ($ millions) Reported Core Income Significant Items Affecting Income Results Oil & Gas $ 3,806 $ 3,806 Chemical 144 144 Midstream, marketing and other 161 161 Corporate Interest expense, net (7) (7)

  4. Slide 4: 2009 First Six Months

    Investor Relations Supplemental Schedules OCCIDENTAL PETROLEUM 2009 First Six Months Net Income (Loss) ($ millions) Reported Core Income Significant Items Affecting Income Results Oil & Gas $ 1,628 $ 8 Rig terminations $ 1,636 Chemical 284 284 Midstream, marketing and other 77 77 Corporate Interest

  5. Slide 5: 2008 First Six Months

    Investor Relations Supplemental Schedules OCCIDENTAL PETROLEUM 2008 First Six Months Net Income (Loss) ($ millions) Reported Core Income Significant Items Affecting Income Results Oil & Gas $ 6,694 $ 6,694 Chemical 323 323 Midstream, marketing and other 284 284 Corporate Interest expense, net (7) (7

  6. Slide 6: 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) Second Quarter Six

  7. Slide 7: Worldwide Effective Tax Rate

    Investor Relations Supplemental Schedules OCCIDENTAL PETROLEUM Worldwide Effective Tax Rate QUARTERLY YEAR-TO-DATE 2009 2009 2008 2009 2008 REPORTED INCOME QTR 2 QTR 1 QTR 2 6 Months 6 Months Oil & Gas (a) 1,083 545 3,806 1,628 6,694 Chemicals 115 169 144 284 323 Midstream, marketing and other 63 14

  8. Slide 8: 2009 Second Quarter Reported and Core Results Comparison

    Investor Relations Supplemental Schedules OCCIDENTAL PETROLEUM 2009 Second Quarter Net Income (Loss) Reported Income Comparison Second First Quarter Quarter 2009 2009 B / (W) Oil & Gas $ 1,083 $ 545 $ 538 Chemical 115 169 (54) Midstream, marketing and other 63 14 49 Corporate Interest expense, net (

  9. Slide 9: Investor Relations Supplemental Schedules

    Investor Relations Supplemental Schedules 9

  10. Slide 10: 2009 Second Quarter Comparison to 2008

    Investor Relations Supplemental Schedules OCCIDENTAL PETROLEUM 2009 Second Quarter Net Income (Loss) Reported Income Comparison Second Second Quarter Quarter 2009 2008 B / (W) Oil & Gas $ 1,083 $ 3,806 $ (2,723) Chemical 115 144 (29) Midstream, marketing and other 63 161 (98) Corporate Interest expe

  11. Slide 11: Investor Relations Supplemental Schedules

    Investor Relations Supplemental Schedules 11

  12. Slide 12: Summary of Operating Statistics: Net Sales Volumes

    Investor Relations Supplemental Schedules OCCIDENTAL PETROLEUM SUMMARY OF OPERATING STATISTICS Second Quarter Six Months 2009 2008 2009 2008 NET SALES VOLUMES PER DAY: United States Crude Oil and Liquids (MBBL) California 90 84 93 86 Permian 167 169 168 170 Midcontinent/Rockies 10 5 10 4 Total 267 2

  13. Slide 13: Summary of Operating Statistics: Net Production

    Investor Relations Supplemental Schedules OCCIDENTAL PETROLEUM SUMMARY OF OPERATING STATISTICS Second Quarter Six Months 2009 2008 2009 2008 NET PRODUCTION PER DAY: United States Crude Oil and Liquids (MBBL) 267 258 271 260 Natural Gas (MMCF) 621 602 621 591 Latin America Crude Oil (MBBL) Argentina

  14. Slide 14: Summary of Operating Statistics: Prices and Exploration Expense

    Investor Relations Supplemental Schedules OCCIDENTAL PETROLEUM SUMMARY OF OPERATING STATISTICS Second Quarter Six Months 2009 2008 2009 2008 OIL & GAS: PRICES United States Crude Oil ($/BBL) 55.55 114.88 46.43 102.47 Natural gas ($/MCF) 2.87 9.99 3.20 9.09 Latin America Crude Oil ($/BBL) 46.08 87.78

  15. Slide 15: Capital Expenditures and DD&A

    Investor Relations Supplemental Schedules OCCIDENTAL PETROLEUM SUMMARY OF OPERATING STATISTICS Second Quarter Six Months Capital Expenditures ($MM) 2009 2008 2009 2008 Oil & Gas California $ 128 $ 197 $ 284 $ 357 Permian 82 89 271 162 Midcontinent / Rockies 12 85 68 131 Latin America 118 181 308 338

  16. Slide 16: Corporate Capitalization

    Investor Relations Supplemental Schedules OCCIDENTAL PETROLEUM CORPORATE ($ millions) 30-Jun-09 31-Dec-08 CAPITALIZATION Long-Term Debt (including current maturities) $ 3,485 $ 2,740 Notes Payable — 7 Others 25 25 Total Debt $ 3,510 $ 2,772 EQUITY $ 27,887 $ 27,325 Total Debt To Total Capitalization

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