1. at a GLancE: thIrd quartEr 2008 A rig at Oxy’s Elk Hills operations in California.
Occidental Petroleum Corporation is an international oil and gas exploration and production company, as
well as a major North American chemical manufacturer. Oxy is the fourth-largest U.S. oil and gas company, based
on market capitalization of $47 billion. Oxy’s business strategy is driven by a disciplined financial philosophy that
balances profitability and growth while maintaining a strong balance sheet. Oxy is committed to using advanced
technology to produce more oil and natural gas, while being a responsible steward of the environment.
Financial Performance
oxy stock summary:
Net income for the quarter was $2.3 billion – a 72-percent increase compared to the third quarter of
NYSE Stock Ticker: OXY 2007. For the first nine months of 2008 Oxy achieved record net income of $6.4 billion, an increase
of 62 percent above the comparable nine-month period last year. Diluted earnings per share for the
Price: $58.08
third quarter of 2008 were $2.78, compared to $1.58 in the third quarter of 2007.
52 Week Range: $39.93 – $100.04
Oil and Gas Highlights
Shares Outstanding (Approx.): 810 MM
Oxy’s oil and gas assets are concentrated in three core areas – the United States, Middle East/North
Market Cap: $47 B
Africa and Latin America. Third quarter 2008 segment earnings were $3.62 billion, compared to
As of 11/4/08 $1.96 billion for the same period in 2007. Worldwide oil and gas production for the third quarter of
2008 averaged 588,000 barrels of oil equivalent (BOE) per day, an increase of 3 percent, compared
with 570,000 BOE per day produced in the third quarter of last year.
contact InformatIon:
Purchase of PxP interests Oxy signed an agreement with Plains Exploration & Production
Investors: Company (PXP) to purchase PXP’s remaining interests in the Permian Basin of West Texas and New
Christopher G. Stavros Mexico and Piceance Basin of Colorado for $1.25 billion. Current production (net to Oxy) from the
properties being acquired is approximately 13,000 barrels of oil equivalent per day. The properties
Vice President, Investor Relations
have approximately 92 million barrels of oil equivalent of proved reserves (net to Oxy).
(212) 603-8111
Oxy signed the preliminary agreement with the Abu Dhabi National Oil
investorrelations_newyork@oxy.com abu dhabi concessions
Company to appraise and develop two oil and gas fields in the Emirate of Abu Dhabi. Over the next
three to four years, Oxy is projecting total capital investment of $500 million in both projects – one
Media: onshore, and one in shallow water offshore. Oxy will operate both fields and will hold a 100-percent
Richard S. Kline interest in the newly created concessions.
Vice President,
Midstream Highlights
Communications & Public Affairs
(310) 443-6249 Midstream segment earnings were $66 million for the third quarter of 2008.
richard_kline@oxy.com
Chemical Highlights
Chemical segment earnings for the third quarter of 2008 were $219 million, compared to $212
million for the same period in 2007. The higher earnings were attributable primarily to higher
caustic soda price.

2. Production Stock Price Total Stockholder Return 2003-2007
thousands of BOE/day Thomson Financial stated as percent
(Includes consolidated subsidiaries and investments in other interests.)
499
594
570
545 100
466
451 80
60
235
40
83
78
20
0
2004 2005 2006 2007 9 mos. 2004 2005 2006 2007 9 mos. Dow S&P 500 S&P 500 Oxy
2008 2008 Jones Index Integrated
Oil & Gas
Industrial
Index
Index
Return on Equity
Total Debt Total Equity
$ in billions $ in billions stated as percent
26.9 41
3.9
22.8 34
19.3
3.0 2.9 28 26
15.1 24
†
1.8
1.8 10.6
27 17 13 7 6
2004 2005 2006 2007 9 mos. 2004 2005 2006 2007 9 mos. 2004 2005 2006 2007 9 mos.*
2008 2008 2008
*Annualized
debt/cap percentage
Annual Dividend Net Income Capital Expenditures
$ per common share $ in billions $ in billions
1.21 6.4 3.5
3.2
3.0
5.4
5.3
0.94
0.80 4.2 2.3
0.645
1.7
0.55
2.6
2004 2005 2006 2007 2008* 2004 2005 2006 2007 9 mos. 2004 2005 2006 2007 9 mos.
2008 2008
*Annualized
Selected Financial Data
For the Years Ended 12/31
(Dollar amounts in millions, except per-share amounts) 9 mos. 2008 2007 2006 2005 2004
results of operations
$ 20,196
Net sales $ 18,784 $ 17,175 $ 14,153 $ 10,400
6,391
Income from continuing operations 5,078 4,202 4,838 2,197
6,414
Net income 5,400 4,191 5,293 2,574
Basic earnings per common share
7.79
from continuing operations 6.08 4.93 6.00 2.78
7.82
Basic earnings per common share 6.47 4.92 6.56 3.25
7.79
Diluted earnings per common share 6.44 4.87 6.47 3.21
financial Position
42,589
Total assets 36,519 32,431 26,170 21,440
Long-term debt, net of current maturities
1,057
and unamortized discount 1,741 2,619 2,873 3,345
26,937†
Stockholders’ equity 22,823 19,252 15,091 10,597
cash flow
8,136
Cash provided by operating activities 6,798 6,353 5,337 3,878
(3,223)
Capital expenditures (3,497) (2,987) (2,295) (1,703)
Cash provided/(used) by all other investing
$ (3,347)
activities, net $ 369 $ (1,396) $ (866) $ (725)
In October, Oxy issued $1 billion in senior notes.
†
For additional information, refer to Oxy’s 2007 Form 10-K, available at www.oxy.com or by calling 888-OXY-PETE. Forward Looking Statements: Statements in this fact sheet that contain words such as “will” or “expect” or otherwise relate to the
future are forward-looking and involve risks and uncertainties that could significantly affect expected results. Factors that could cause results to differ materially include, but are not limited to: exploration risks, such as drilling of unsuccessful wells; global
commodity pricing fluctuations and supply/demand considerations; higher than expected costs; political risk; change in tax rates; potential failure to achieve expected production from development projects and not successfully completing (or any material
delay in) any expansion, capital expenditure, acquisition or disposition. Unless legally required, Oxy may not update forward looking statements. Some prior year amounts may have been retrospectively changed to conform to current year presentations in
accordance with GAAP.