3rd Quarter 2026 NON GAAP Reconciliation

Twelve Months Ended December 31, 2025Cash Flow from Operations after Preferred (Non-GAAP)Operating cash flow from continuing operations (GAAP)   $  9,606 
Plus: Working capital and other, net - continuing operations                                                                 1,067 
Plus: Domestic current tax expense                                                                    307 
Less: Capitalized interest                                                                  (179)
Less: Preferred dividends paid                                                                  (679)
Cash Flow from Operations after Preferred (Non-GAAP)   $  10,122

Total capital expenditures - continuing operations (GAAP)  (6,427) $  
Plus: Contributions from NCI  200 
Plus: Exploration, multi-year and growth investments, net of NCI (Non-GAAP)  840 
Sustaining Capital (Non-GAAP)   $  (5,387)

Sustainable Cash Flow (Non-GAAP)Cash flow from operations after preferred (Non-GAAP)  10,122 $  
Less: Sustaining capital (Non-GAAP)  (5,387) 
Less: LCV capital expenditures, net of NCI (Non-GAAP)  (450) 
Sustainable Cash Flow (Non-GAAP)   $  4,285

Sustaining Capital (Non-GAAP)

Occidental Petroleum CorporationCFFOᵖ, Sustaining Capital and Sustainable Cash FlowReconciliation to Generally Accepted Accounting Principles (GAAP)($/MM)
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