EXHIBIT 11
OCCIDENTAL PETROLEUM CORPORATION AND SUBSIDIARIES
COMPUTATION OF EARNINGS PER SHARE
FOR THE THREE MONTHS ENDED MARCH 31, 2007 AND 2006
(Amounts in millions, except per-share amounts)
|
Three months ended March 31 |
|
|
2007 |
|
|
2006 |
|
|
BASIC EARNINGS PER SHARE |
|
|
|
|
|
|
|
|
Earnings applicable to common stock |
|
$ |
1,212 |
|
$ |
1,231 |
|
|
Basic shares |
|
|
|
|
|
|
|
|
Weighted
average common
|
|
|
871.1 |
|
|
842.5 |
|
|
Treasury stock |
|
|
(34.3 |
) |
|
(1.3 |
) |
|
Vested, unissued restricted stock |
|
|
3.3 |
|
|
3.6 |
|
|
Deferred share units |
|
|
0.9 |
|
|
3.7 |
|
|
Basic shares |
|
|
841.0 |
|
|
848.5 |
|
|
Basic earnings per share |
|
|
|
|
|
|
|
|
Income from continuing operations |
|
$ |
1.44 |
|
$ |
1.36 |
|
|
Discontinued operations, net |
|
|
— |
|
|
0.09 |
|
|
Basic earnings per common share |
|
$ |
1.44 |
|
$ |
1.45 |
|
|
DILUTED EARNINGS PER SHARE |
|
|
|
|
|
|
|
|
Earnings applicable to common stock |
|
$ |
1,212 |
|
$ |
1,231 |
|
|
Diluted shares |
|
|
|
|
|
|
|
|
Basic shares |
|
|
841.0 |
|
|
848.5 |
|
|
Dilutive effect of options outstanding |
|
|
3.5 |
|
|
9.7 |
|
|
Deferred, restricted stock |
|
|
2.0 |
|
|
2.7 |
|
|
Diluted shares |
|
|
846.5 |
|
|
860.9 |
|
|
Diluted earnings per share |
|
|
|
|
|
|
|
|
Income from continuing operations |
|
$ |
1.43 |
|
$ |
1.34 |
|
|
Discontinued operations, net |
|
|
— |
|
|
0.09 |
|
|
Diluted earnings per common share |
|
$ |
1.43 |
|
$ |
1.43 |
|