<SUBMISSION>
<ACCESSION-NUMBER>0000797468-07-000041
<TYPE>10-Q
<PUBLIC-DOCUMENT-COUNT>6
<PERIOD>20070331
<FILING-DATE>20070503
<DATE-OF-FILING-DATE-CHANGE>20070502
<FILER>
<COMPANY-DATA>
<CONFORMED-NAME>OCCIDENTAL PETROLEUM CORP /DE/
<CIK>0000797468
<ASSIGNED-SIC>1311
<IRS-NUMBER>954035997
<STATE-OF-INCORPORATION>DE
<FISCAL-YEAR-END>1231
</COMPANY-DATA>
<FILING-VALUES>
<FORM-TYPE>10-Q
<ACT>34
<FILE-NUMBER>001-09210
<FILM-NUMBER>07812355
</FILING-VALUES>
<BUSINESS-ADDRESS>
<STREET1>10889 WILSHIRE BLVD
<CITY>LOS ANGELES
<STATE>CA
<ZIP>90024
<PHONE>3102088800
</BUSINESS-ADDRESS>
<MAIL-ADDRESS>
<STREET1>10889 WILSHIRE BOULEVARD
<CITY>LOS ANGELES
<STATE>CA
<ZIP>90024
</MAIL-ADDRESS>
</FILER>
<DOCUMENT>
<TYPE>10-Q
<SEQUENCE>1
<FILENAME>form10q-20071q.htm
<DESCRIPTION>FORM 10-Q
<TEXT>
<html>

<head>
  <title>Occidental Petroleum Corporation</title>
</head>

<body bgcolor="#ffffff">

<p style='margin-top:6.0pt;margin-bottom:0pt;text-align:center;line-height:105%;width:720'><font face="arial" style='font-size:15.0pt'>SECURITIES
AND EXCHANGE COMMISSION</font></p>

<p style='margin-top:6.0pt;margin-bottom:0pt;text-align:center;line-height:105%;width:720'><font face="arial" style='font-size:13.0pt'>Washington, D.C.
20549</font></p>

<p style='margin-top:21.0pt;margin-bottom:0pt;text-align:center;line-height:105%;width:720'><font face="arial" style='font-size:18pt'><b>FORM
10-Q</b></font></p>

<p style='margin-top:12.0pt;margin-bottom:0pt;text-align:center;line-height:105%;width:720'><font face="wingdings" style='font-size:13.0pt'>&#254;</font>
<font face="arial" style='font-size:13.0pt'><b>QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d)
  <br>OF THE SECURITIES EXCHANGE ACT OF 1934</b></font></p>

<p style='margin-top:16.0pt;margin-bottom:0pt;text-align:center;line-height:105%;width:720'><font face="arial" style='font-size:11.0pt'>For the
quarterly period ended March 31, 2007</font></p>

<p style='margin-top:12.0pt;margin-bottom:0pt;text-align:center;line-height:105%;width:720'><font face="arial" style='font-size:11.0pt'><b>OR</b></font></p>

<p style='margin-top:12.0pt;margin-bottom:0pt;text-align:center;line-height:105%;width:720'><font face="wingdings" style='font-size:13.0pt'>&#168;</font>
<font face="arial" style='font-size:13.0pt'><b>TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d)
  <br>OF THE SECURITIES EXCHANGE ACT OF 1934</b></font></p>

<p style='margin-top:11.0pt;margin-bottom:0pt;text-align:center;line-height:105%;width:720'><font face="arial" style='font-size:11.0pt'>For the
transition period from ___________ to ___________</font></p>

<p style='margin-top:11.0pt;margin-bottom:0pt;text-align:center;line-height:105%;width:720'><font face="arial" style='font-size:11.0pt'>Commission file number
1-9210</font></p>

<p style='margin-top:0pt;margin-bottom:0pt;text-align:center;line-height:105%;width:720'><font face="arial" style='font-size:11.0pt'>_____________________</font></p>

<p style='margin-top:5.0pt;margin-bottom:0pt;text-align:center;line-height:105%;width:720'><font face="arial" style='font-size:18pt'><b>OCCIDENTAL
PETROLEUM CORPORATION</b></font></p>

<p style='margin-top:2.0pt;margin-bottom:0pt;text-align:center;line-height:105%;width:720'><font face="arial" style='font-size:11.0pt'>(Exact name
of registrant as specified in its charter)</font></p>

<table border="0" cellspacing=0 cellpadding=0 width="720" style='border-collapse:collapse'>
  <tr>
    <td width="323" valign=bottom>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:center;line-height:105%'><font face="arial" style='font-size:12.0pt'><b>Delaware</b></font></p></td>
    <td width="74" valign=bottom>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:center;line-height:105%'><font face="arial" style='font-size:12.0pt'>&nbsp;</font></p></td>
    <td width="323" valign=bottom>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:center;line-height:105%'><font face="arial" style='font-size:12.0pt'><b>95-4035997</b></font></p></td></tr>
  <tr>
    <td width="323" valign=top>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:center;line-height:105%'><font face="arial" style='font-size:11.5pt'>(State
      or other jurisdiction of
        <br>incorporation or organization)</font></p></td>
    <td width="74" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:center;line-height:105%'><font face="arial" style='font-size:11.5pt'>&nbsp;</font></p></td>
    <td width="323" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:center;line-height:105%'><font face="arial" style='font-size:11.5pt'>(I.R.S.
      Employer
        <br>Identification No.)</font></p></td></tr>
  <tr>
    <td width="323" valign=bottom>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:center;line-height:105%'><font face="arial" style='font-size:12.0pt'><b>10889
      Wilshire Boulevard
        <br>Los Angeles, California</b></font></p></td>
    <td width="74" valign=bottom>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:center;line-height:105%'><font face="arial" style='font-size:12.0pt'>&nbsp;</font></p></td>
    <td width="323" valign=bottom>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:center;line-height:105%'><font face="arial" style='font-size:12.0pt'><b>90024</b></font></p></td></tr>
  <tr>
    <td width="323" valign=top>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:center;line-height:105%'><font face="arial" style='font-size:12.0pt'>(Address
      of principal executive offices)</font></p></td>
    <td width="74" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:center;line-height:105%'><font face="arial" style='font-size:12.0pt'>&nbsp;</font></p></td>
    <td width="323" valign=top>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:center;line-height:105%'><font face="arial" style='font-size:12.0pt'>(Zip
      Code)</font></p></td></tr></table>

<p style='margin-top:15.0pt;margin-bottom:0pt;text-align:center;line-height:105%;width:720'><font face="arial" style='font-size:12.0pt'><b>(310)
208-8800</b></font></p>

<p style='margin-top:0pt;margin-bottom:0pt;text-align:center;line-height:105%;width:720'><font face="arial" style='font-size:13.0pt'>(Registrant&#146;s
telephone number, including area code)</font></p>

<p style='margin-top:3.0pt;margin-bottom:0pt;text-align:center;line-height:105%;width:720'><font face="arial" style='font-size:11.0pt'>_____________________</font></p>

<p style='margin-top:17.0pt;margin-bottom:0pt;text-indent:0.3in;text-align:justify;line-height:105%;width:720'><font face="arial" style='font-size:11.0pt'>Indicate
by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities
Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such
reports), and (2) has been subject to such filing requirements for the past 90 days.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font>
<font face="wingdings" style='font-size:11.0pt'>&#254;</font><font face="arial" style='font-size:11.0pt'>&nbsp;Yes&nbsp;&nbsp;&nbsp;</font>
<font face="wingdings" style='font-size:11.0pt'>&#168;</font><font face="arial" style='font-size:11.0pt'>&nbsp;No</font></p>

<p style='margin-top:14.0pt;margin-bottom:0pt;text-indent:0.3in;text-align:justify;line-height:105%;width:720'><font face="arial" style='font-size:11.0pt'>Indicate
by check mark whether the registrant is a large accelerated filer, an accelerated filer or a non-accelerated filer. (See definition
of "accelerated filer" and "large accelerated filer" in Rule 12b-2 of the Exchange Act):</font></p>

<p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%;width:720'><font face="wingdings" style='font-size:11.0pt'>&#254;</font>
<font face="arial" style='font-size:11.0pt'>Large Accelerated Filer&nbsp;&nbsp;&nbsp;</font>
<font face="wingdings" style='font-size:11.0pt'>&#168;</font>
<font face="arial" style='font-size:11.0pt'>Accelerated Filer&nbsp;&nbsp;&nbsp;</font>
<font face="wingdings" style='font-size:11.0pt'>&#168;</font>
<font face="arial" style='font-size:11.0pt'>Non-Accelerated Filer</font></p>

<p style='margin-top:14.0pt;margin-bottom:0pt;text-indent:0.3in;text-align:justify;line-height:105%;width:720'><font face="arial" style='font-size:11.0pt'>Indicate
by check mark whether the registrant is a shell company (as defined in Exchange Act Rule
12b-2).&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><font face="wingdings" style='font-size:11.0pt'>&#168;</font>
<font face="arial" style='font-size:11.0pt'>Yes</font> <font face="wingdings" style='font-size:11.0pt'>&#254;</font>
<font face="arial" style='font-size:11.0pt'>No</font></p>

<p style='margin-top:10.0pt;margin-bottom:0pt;text-indent:0.3in;text-align:justify;line-height:105%;width:720'><font face="arial" style='font-size:11.0pt'>Indicate
the number of shares outstanding of each of the issuer&#146;s classes of common stock, as of the latest practicable date.</font></p>

<p style='margin-bottom:0pt;margin-top:0pt'>&nbsp;</p>

<table border="0" cellspacing=0 cellpadding=0 width="720" style='border-collapse:collapse'>
  <tr>
    <td width="35" valign=bottom>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:center;line-height:105%'><font face="arial" style='font-size:12.0pt'>&nbsp;</font></p></td>
    <td width="293" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:center;line-height:105%'><font face="arial" style='font-size:12.0pt'>Class</font></p></td>
    <td width="64" valign=bottom>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:center;line-height:105%'><font face="arial" style='font-size:12.0pt'>&nbsp;</font></p></td>
    <td width="293" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:center;line-height:105%'><font face="arial" style='font-size:12.0pt'>Outstanding
      at March 31, 2007</font></p></td>
    <td width="35" valign=bottom>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:center;line-height:105%'><font face="arial" style='font-size:12.0pt'>&nbsp;</font></p></td></tr>
  <tr>
    <td width="35" valign=bottom>
      <p style='margin-top:3.0pt;margin-bottom:0pt;text-align:center;line-height:105%'><font face="arial" style='font-size:12.0pt'>&nbsp;</font></p></td>
    <td width="293" valign=bottom>
      <p style='margin-top:3.0pt;margin-bottom:0pt;text-align:center;line-height:105%'><font face="arial" style='font-size:12.0pt'>Common
      stock $.20 par value</font></p></td>
    <td width="64" valign=bottom>
      <p style='margin-top:3.0pt;margin-bottom:0pt;text-align:center;line-height:105%'><font face="arial" style='font-size:12.0pt'>&nbsp;</font></p></td>
    <td width="293" valign=bottom>
      <p style='margin-top:3.0pt;margin-bottom:0pt;text-align:center;line-height:105%'><font face="arial" style='font-size:12.0pt'>833,813,940
      shares</font></p></td>
    <td width="35" valign=bottom>
      <p style='margin-top:3.0pt;margin-bottom:0pt;text-align:center;line-height:105%'><font face="arial" style='font-size:12.0pt'>&nbsp;</font></p></td></tr></table>

<p style='page-break-before:always'></p>

<page>

<p style='margin-top:0pt;margin-bottom:0pt;text-align:center;line-height:105%;width:720'><font face="arial" style='font-size:10.0pt'><b>OCCIDENTAL
PETROLEUM CORPORATION AND SUBSIDIARIES</b></font></p>

<p style='margin-top:20pt;margin-bottom:0pt;text-align:center;line-height:105%;width:720'><font face="arial" style='font-size:10.0pt'><b>CONTENTS</b></font></p>

<table border="0" cellspacing=0 cellpadding=0 width="720" style='border-collapse:collapse'>
  <tr>
    <td width="80" valign=top>
      <p style='margin-top:48pt;margin-bottom:0pt;text-align:center;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="50" valign=top>
      <p style='margin-top:48pt;margin-bottom:0pt;text-align:center;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="520" valign=top>
      <p style='margin-top:48pt;margin-bottom:0pt;text-align:center;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="70" valign=top>
      <p style='margin-top:48pt;margin-bottom:0pt;text-align:center;line-height:105%'><font face="arial" style='font-size:10.0pt'>PAGE</font></p></td></tr>
  <tr>
    <td width="80" valign=top>
      <p style='margin-top:10.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'><b>Part
      I</b></font></p></td>
    <td colspan="2" valign=top>
      <p style='margin-top:10.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'><b>Financial
      Information</b></font></p></td>
    <td width="70" valign=top>
      <p style='margin-top:10.0pt;margin-bottom:0pt;text-align:center;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td></tr>
  <tr>
    <td width="80" valign=top>
      <p style='margin-top:10.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="50" valign=top>
      <p style='margin-top:10.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>Item
      1.</font></p></td>
    <td width="520" valign=top>
      <p style='margin-top:10.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>Financial
      Statements (unaudited)</font></p></td>
    <td width="70" valign=top>
      <p style='margin-top:10.0pt;margin-bottom:0pt;text-align:center;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td></tr>
  <tr>
    <td width="80" valign=top>
      <p style='margin-top:10.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="50" valign=top>
      <p style='margin-top:10.0pt;margin-bottom:0pt;text-align:center;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="520" valign=top>
      <p style='margin-top:10.0pt;margin-bottom:0pt;margin-left:0.3in;text-indent:-0.3in;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>Consolidated
      Condensed Balance Sheets &#151;
        <br>March 31, 2007 and December 31, 2006</font></p></td>
    <td width="70" valign=bottom>
      <p style='margin-top:10.0pt;margin-bottom:0pt;text-align:center;line-height:105%'><font face="arial" style='font-size:10.0pt'>2</font></p></td></tr>
  <tr>
    <td width="80" valign=top>
      <p style='margin-top:10.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="50" valign=top>
      <p style='margin-top:10.0pt;margin-bottom:0pt;text-align:center;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="520" valign=top>
      <p style='margin-top:10.0pt;margin-bottom:0pt;margin-left:0.3in;text-indent:-0.3in;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>Consolidated
      Condensed Statements of Income &#151;
        <br>Three months ended March 31, 2007 and 2006</font></p></td>
    <td width="70" valign=bottom>
      <p style='margin-top:10.0pt;margin-bottom:0pt;text-align:center;line-height:105%'><font face="arial" style='font-size:10.0pt'>4</font></p></td></tr>
  <tr>
    <td width="80" valign=top>
      <p style='margin-top:10.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="50" valign=top>
      <p style='margin-top:10.0pt;margin-bottom:0pt;text-align:center;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="520" valign=top>
      <p style='margin-top:10.0pt;margin-bottom:0pt;margin-left:0.3in;text-indent:-0.3in;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>Consolidated
      Condensed Statements of Cash Flows &#151;
        <br>Three months ended March 31, 2007 and 2006</font></p></td>
    <td width="70" valign=bottom>
      <p style='margin-top:10.0pt;margin-bottom:0pt;text-align:center;line-height:105%'><font face="arial" style='font-size:10.0pt'>5</font></p></td></tr>
  <tr>
    <td width="80" valign=top>
      <p style='margin-top:10.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="50" valign=top>
      <p style='margin-top:10.0pt;margin-bottom:0pt;text-align:center;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="520" valign=top>
      <p style='margin-top:10.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>Notes
      to Consolidated Condensed Financial Statements</font></p></td>
    <td width="70" valign=bottom>
      <p style='margin-top:10.0pt;margin-bottom:0pt;text-align:center;line-height:105%'><font face="arial" style='font-size:10.0pt'>6</font></p></td></tr>
  <tr>
    <td width="80" valign=top>
      <p style='margin-top:10.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="50" valign=top>
      <p style='margin-top:10.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>Item
      2.</font></p></td>
    <td width="520" valign=top>
      <p style='margin-top:10.0pt;margin-bottom:0pt;margin-left:0.3in;text-indent:-0.3in;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>Management&#146;s
      Discussion and Analysis of Financial
        <br>Condition and Results of Operations</font></p></td>
    <td width="70" valign=bottom>
      <p style='margin-top:10.0pt;margin-bottom:0pt;text-align:center;line-height:105%'><font face="arial" style='font-size:10.0pt'>13</font></p></td></tr>
  <tr>
    <td width="80" valign=top>
      <p style='margin-top:10.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="50" valign=top>
      <p style='margin-top:10.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>Item 3.</font></p></td>
    <td width="520" valign=top>
      <p style='margin-top:10.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>Quantitative
      and Qualitative Disclosures About Market Risk</font></p></td>
    <td width="70" valign=bottom>
      <p style='margin-top:10.0pt;margin-bottom:0pt;text-align:center;line-height:105%'><font face="arial" style='font-size:10.0pt'>21</font></p></td></tr>
  <tr>
    <td width="80" valign=top>
      <p style='margin-top:10.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="50" valign=top>
      <p style='margin-top:10.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>Item
      4.</font></p></td>
    <td width="520" valign=top>
      <p style='margin-top:10.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>Controls
      and Procedures</font></p></td>
    <td width="70" valign=bottom>
      <p style='margin-top:10.0pt;margin-bottom:0pt;text-align:center;line-height:105%'><font face="arial" style='font-size:10.0pt'>21</font></p></td></tr>
  <tr>
    <td width="80" valign=top>
      <p style='margin-top:10.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'><b>Part
      II</b></font></p></td>
    <td colspan="2" valign=top>
      <p style='margin-top:10.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'><b>Other
      Information</b></font></p></td>
    <td width="70">
      <p style='margin-top:10.0pt;margin-bottom:0pt;text-align:center;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td></tr>
  <tr>
    <td width="80" valign=top>
      <p style='margin-top:10.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="50" valign=top>
      <p style='margin-top:10.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>Item
      1.</font></p></td>
    <td width="520" valign=top>
      <p style='margin-top:10.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>Legal
      Proceedings</font></p></td>
    <td width="70" valign=bottom>
      <p style='margin-top:10.0pt;margin-bottom:0pt;text-align:center;line-height:105%'><font face="arial" style='font-size:10.0pt'>22</font></p></td></tr>
  <tr>
    <td width="80" valign=top>
      <p style='margin-top:10.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="50" valign=top>
      <p style='margin-top:10.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>Item
      2.</font></p></td>
    <td width="520" valign=top>
      <p style='margin-top:10.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>Share
      Repurchase Activities</font></p></td>
    <td width="70" valign=bottom>
      <p style='margin-top:10.0pt;margin-bottom:0pt;text-align:center;line-height:105%'><font face="arial" style='font-size:10.0pt'>22</font></p></td></tr>
  <tr>
    <td width="80" valign=top>
      <p style='margin-top:10.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="50" valign=top>
      <p style='margin-top:10.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>Item
      6.</font></p></td>
    <td width="520" valign=top>
      <p style='margin-top:10.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>Exhibits</font></p></td>
    <td width="70" valign=bottom>
      <p style='margin-top:10.0pt;margin-bottom:0pt;text-align:center;line-height:105%'><font face="arial" style='font-size:10.0pt'>22</font></p></td></tr></table>

<p style='margin-top:236.0pt;margin-bottom:0pt;text-align:center;line-height:105%;width:720'><font face="arial" style='font-size:10.0pt'>1</font></p>

<p style='page-break-before:always'></p>

<page>

<p style='margin-top:0pt;margin-bottom:0pt;text-align:center;line-height:105%;width:720'><font face="arial" style='font-size:10.0pt'><b>PART
I&nbsp;&nbsp;&nbsp;&nbsp;FINANCIAL INFORMATION</b></font></p>

<p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;line-height:105%;width:720'><font face="arial" style='font-size:10.0pt'><b>Item
1.&nbsp;&nbsp;Financial Statements (unaudited)</b></font></p>

<p style='margin-top:12.0pt;margin-bottom:0pt;text-align:center;line-height:105%;width:720'><font face="arial" style='font-size:10.0pt'>OCCIDENTAL
PETROLEUM CORPORATION AND SUBSIDIARIES
  <br>CONSOLIDATED CONDENSED BALANCE SHEETS
  <br>MARCH 31, 2007 AND DECEMBER 31, 2006
  <br>(Amounts in millions)</font></p>

<table border="0" cellspacing=0 cellpadding=0 width="720" style='border-collapse:collapse'>
  <tr>
    <td width="525" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="36" valign=bottom>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="7" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="51" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>2007</font></p></td>
    <td width="36" valign=bottom>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="7" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="51" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>2006</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td></tr>
  <tr>
    <td width="525" valign=bottom>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'><b>ASSETS</b></font></p></td>
    <td width="36" valign=bottom>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="7" valign=bottom>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="51" valign=bottom>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="36" valign=bottom>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="7" valign=bottom>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="51" valign=bottom>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="7" valign=bottom>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td></tr>
  <tr>
    <td width="525" valign=bottom>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>CURRENT
      ASSETS</font></p></td>
    <td width="36" valign=bottom>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="7" valign=bottom>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="51" valign=bottom>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="36" valign=bottom>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="7" valign=bottom>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="51" valign=bottom>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="7" valign=bottom>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td></tr>
  <tr>
    <td width="525" valign=bottom>
      <p style='margin-top:12.0pt;margin-bottom:0pt;margin-left:.25in;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>Cash
      and cash equivalents</font></p></td>
    <td width="36" valign=bottom>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="7" valign=bottom>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>$</font></p></td>
    <td width="51" valign=bottom>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>1,292</font></p></td>
    <td width="36" valign=bottom>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="7" valign=bottom>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>$</font></p></td>
    <td width="51" valign=bottom>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>1,339</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td></tr>
  <tr>
    <td width="525" valign=bottom>
      <p style='margin-top:12.0pt;margin-bottom:0pt;margin-left:.25in;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>Short-term
      investments</font></p></td>
    <td width="36" valign=bottom>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="7" valign=bottom>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="51" valign=bottom>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>213</font></p></td>
    <td width="36" valign=bottom>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="7" valign=bottom>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="51" valign=bottom>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>240</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td></tr>
  <tr>
    <td width="525" valign=bottom>
      <p style='margin-top:12.0pt;margin-bottom:0pt;margin-left:.25in;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>Receivables,
      net</font></p></td>
    <td width="36" valign=bottom>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="7" valign=bottom>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="51" valign=bottom>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>3,771</font></p></td>
    <td width="36" valign=bottom>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="7" valign=bottom>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="51" valign=bottom>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>3,324</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td></tr>
  <tr>
    <td width="525" valign=bottom>
      <p style='margin-top:12.0pt;margin-bottom:0pt;margin-left:.25in;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>Inventories</font></p></td>
    <td width="36" valign=bottom>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="7" valign=bottom>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="51" valign=bottom>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>738</font></p></td>
    <td width="36" valign=bottom>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="7" valign=bottom>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="51" valign=bottom>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>825</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td></tr>
  <tr>
    <td width="525" valign=bottom>
      <p style='margin-top:12.0pt;margin-bottom:0pt;margin-left:.25in;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>Prepaid
      expenses and other</font></p></td>
    <td width="36" valign=bottom>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="7" valign=bottom>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="51" valign=bottom>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>286</font></p></td>
    <td width="36" valign=bottom>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="7" valign=bottom>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="51" valign=bottom>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>257</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td></tr>
  <tr>
    <td width="525" valign=bottom style='border-bottom:white 1.0pt solid'>
      <p style='margin-top:12.0pt;margin-bottom:0pt;margin-left:.25in;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>Assets
      of discontinued operations</font></p></td>
    <td width="36" valign=bottom>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="7" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="51" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>22</font></p></td>
    <td width="36" valign=bottom>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="7" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="51" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>22</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td></tr>
  <tr>
    <td width="525" valign=bottom>
      <p style='margin-top:12.0pt;margin-bottom:0pt;margin-left:.5in;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>Total
      current assets</font></p></td>
    <td width="36" valign=bottom>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="7" valign=bottom>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="51" valign=bottom>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>6,322</font></p></td>
    <td width="36" valign=bottom>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="7" valign=bottom>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="51" valign=bottom>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>6,007</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td></tr>
  <tr>
    <td width="525" valign=bottom>
      <p style='margin-top:24.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>LONG-TERM
      RECEIVABLES, net</font></p></td>
    <td width="36" valign=bottom>
      <p style='margin-top:24.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="7" valign=bottom>
      <p style='margin-top:24.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="51" valign=bottom>
      <p style='margin-top:24.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>234</font></p></td>
    <td width="36" valign=bottom>
      <p style='margin-top:24.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="7" valign=bottom>
      <p style='margin-top:24.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="51" valign=bottom>
      <p style='margin-top:24.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>231</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:24.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td></tr>
  <tr>
    <td width="525" valign=bottom>
      <p style='margin-top:36.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>INVESTMENTS
      IN UNCONSOLIDATED ENTITIES</font></p></td>
    <td width="36" valign=bottom>
      <p style='margin-top:36.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="7" valign=bottom>
      <p style='margin-top:36.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="51" valign=bottom>
      <p style='margin-top:36.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>1,383</font></p></td>
    <td width="36" valign=bottom>
      <p style='margin-top:36.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="7" valign=bottom>
      <p style='margin-top:36.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="51" valign=bottom>
      <p style='margin-top:36.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>1,344</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:36.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td></tr>
  <tr>
    <td width="525" valign=bottom>
      <p style='margin-top:36.0pt;margin-bottom:0pt;margin-left:.25in;text-indent:-.25in;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>PROPERTY,
      PLANT AND EQUIPMENT, net of accumulated
        <br>depreciation, depletion and amortization of $12,350 at
        <br>March 31, 2007 and $11,791 at December 31, 2006</font></p></td>
    <td width="36" valign=bottom>
      <p style='margin-top:36.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="7" valign=bottom>
      <p style='margin-top:36.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="51" valign=bottom>
      <p style='margin-top:36.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>24,409</font></p></td>
    <td width="36" valign=bottom>
      <p style='margin-top:36.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="7" valign=bottom>
      <p style='margin-top:36.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="51" valign=bottom>
      <p style='margin-top:36.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>24,300</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:36.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td></tr>
  <tr>
    <td width="525" valign=bottom>
      <p style='margin-top:24.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>OTHER
      ASSETS</font></p></td>
    <td width="36" valign=bottom>
      <p style='margin-top:24.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="7" valign=bottom>
      <p style='margin-top:24.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="51" valign=bottom>
      <p style='margin-top:24.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>535</font></p></td>
    <td width="36" valign=bottom>
      <p style='margin-top:24.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="7" valign=bottom>
      <p style='margin-top:24.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="51" valign=bottom>
      <p style='margin-top:24.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>549</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:24.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td></tr>
  <tr>
    <td width="525" valign=bottom>
      <p style='margin-top:36.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="36" valign=bottom>
      <p style='margin-top:36.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="7" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:36.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="51" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:36.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="36" valign=bottom>
      <p style='margin-top:36.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="7" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:36.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="51" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:36.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="7" valign=bottom>
      <p style='margin-top:36.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td></tr>
  <tr>
    <td width="525" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:3.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="36" valign=bottom>
      <p style='margin-top:3.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="7" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:3.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>$</font></p></td>
    <td width="51" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:3.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>32,883</font></p></td>
    <td width="36" valign=bottom>
      <p style='margin-top:3.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="7" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:3.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>$</font></p></td>
    <td width="51" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:3.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>32,431</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:3.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td></tr></table>

<p style='margin-top:3.0pt;margin-bottom:0pt;text-align:left;line-height:105%;width:720'><font face="arial" style='font-size:8pt'>The
accompanying notes are an integral part of these financial statements.</font></p>

<p style='margin-top:60.0pt;margin-bottom:0pt;text-align:center;line-height:105%;width:720'><font face="arial" style='font-size:10.0pt'>2</font></p>

<p style='page-break-before:always'></p>

<page>

<p style='margin-top:0pt;margin-bottom:0pt;text-align:center;line-height:105%;width:720'><font face="arial" style='font-size:10.0pt'>OCCIDENTAL
PETROLEUM CORPORATION AND SUBSIDIARIES
  <br>CONSOLIDATED CONDENSED BALANCE SHEETS
  <br>MARCH 31, 2007 AND DECEMBER 31, 2006
  <br>(Amounts in millions)</font></p>

<table border="0" cellspacing=0 cellpadding=0 width="720" style='border-collapse:collapse'>
  <tr>
    <td width="525" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="36" valign=bottom>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="7" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="51" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>2007</font></p></td>
    <td width="36" valign=bottom>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="7" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="51" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>2006</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td></tr>
  <tr>
    <td width="525" valign=bottom>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'><b>LIABILITIES
      AND EQUITY</b></font></p></td>
    <td width="36" valign=bottom>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="7" valign=bottom>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="51" valign=bottom>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="36" valign=bottom>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="7" valign=bottom>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="51" valign=bottom>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="7" valign=bottom>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td></tr>
  <tr>
    <td width="525" valign=bottom>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>CURRENT
      LIABILITIES</font></p></td>
    <td width="36" valign=bottom>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="7" valign=bottom>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="51" valign=bottom>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="36" valign=bottom>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="7" valign=bottom>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="51" valign=bottom>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="7" valign=bottom>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td></tr>
  <tr>
    <td width="525" valign=bottom>
      <p style='margin-top:3.0pt;margin-bottom:0pt;margin-left:.25in;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>Current
      maturities of long-term debt and capital lease liabilities</font></p></td>
    <td width="36" valign=bottom>
      <p style='margin-top:3.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="7" valign=bottom>
      <p style='margin-top:3.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>$</font></p></td>
    <td width="51" valign=bottom>
      <p style='margin-top:3.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>449</font></p></td>
    <td width="36" valign=bottom>
      <p style='margin-top:3.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="7" valign=bottom>
      <p style='margin-top:3.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>$</font></p></td>
    <td width="51" valign=bottom>
      <p style='margin-top:3.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>171</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:3.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td></tr>
  <tr>
    <td width="525" valign=bottom>
      <p style='margin-top:3.0pt;margin-bottom:0pt;margin-left:.25in;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>Accounts
      payable</font></p></td>
    <td width="36" valign=bottom>
      <p style='margin-top:3.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="7" valign=bottom>
      <p style='margin-top:3.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="51" valign=bottom>
      <p style='margin-top:3.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>2,740</font></p></td>
    <td width="36" valign=bottom>
      <p style='margin-top:3.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="7" valign=bottom>
      <p style='margin-top:3.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="51" valign=bottom>
      <p style='margin-top:3.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>2,263</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:3.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td></tr>
  <tr>
    <td width="525" valign=bottom>
      <p style='margin-top:3.0pt;margin-bottom:0pt;margin-left:.25in;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>Accrued
      liabilities</font></p></td>
    <td width="36" valign=bottom>
      <p style='margin-top:3.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="7" valign=bottom>
      <p style='margin-top:3.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="51" valign=bottom>
      <p style='margin-top:3.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>1,450</font></p></td>
    <td width="36" valign=bottom>
      <p style='margin-top:3.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="7" valign=bottom>
      <p style='margin-top:3.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="51" valign=bottom>
      <p style='margin-top:3.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>1,720</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:3.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td></tr>
  <tr>
    <td width="525" valign=bottom>
      <p style='margin-top:3.0pt;margin-bottom:0pt;margin-left:.25in;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>Domestic
      and foreign income taxes</font></p></td>
    <td width="36" valign=bottom>
      <p style='margin-top:3.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="7" valign=bottom>
      <p style='margin-top:3.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="51" valign=bottom>
      <p style='margin-top:3.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>487</font></p></td>
    <td width="36" valign=bottom>
      <p style='margin-top:3.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="7" valign=bottom>
      <p style='margin-top:3.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="51" valign=bottom>
      <p style='margin-top:3.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>396</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:3.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td></tr>
  <tr>
    <td width="525" valign=bottom style='border-bottom:white 1.0pt solid'>
      <p style='margin-top:3.0pt;margin-bottom:0pt;margin-left:.25in;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>Liabilities
      of discontinued operations</font></p></td>
    <td width="36" valign=bottom>
      <p style='margin-top:3.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="7" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:3.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="51" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:3.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>129</font></p></td>
    <td width="36" valign=bottom>
      <p style='margin-top:3.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="7" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:3.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="51" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:3.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>131</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:3.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td></tr>
  <tr>
    <td width="525" valign=bottom style='border-bottom:white 1.0pt solid'>
      <p style='margin-top:12.0pt;margin-bottom:0pt;margin-left:.5in;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>Total
      current liabilities</font></p></td>
    <td width="36" valign=bottom>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="7" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="51" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>5,255</font></p></td>
    <td width="36" valign=bottom>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="7" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="51" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>4,681</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td></tr>
  <tr>
    <td width="525" valign=bottom style='border-bottom:white 1.0pt solid'>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>LONG-TERM
      DEBT, net of current maturities and unamortized premium</font></p></td>
    <td width="36" valign=bottom>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="7" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="51" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>1,691</font></p></td>
    <td width="36" valign=bottom>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="7" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="51" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>2,619</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td></tr>
  <tr>
    <td width="525" valign=bottom>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>DEFERRED CREDITS AND
      OTHER LIABILITIES</font></p></td>
    <td width="36" valign=bottom>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="7" valign=bottom>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="51" valign=bottom>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="36" valign=bottom>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="7" valign=bottom>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="51" valign=bottom>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="7" valign=bottom>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td></tr>
  <tr>
    <td width="525" valign=bottom>
      <p style='margin-top:3.0pt;margin-bottom:0pt;margin-left:.25in;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>Deferred
      and other domestic and foreign income taxes</font></p></td>
    <td width="36" valign=bottom>
      <p style='margin-top:3.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="7" valign=bottom>
      <p style='margin-top:3.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="51" valign=bottom>
      <p style='margin-top:3.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>2,343</font></p></td>
    <td width="36" valign=bottom>
      <p style='margin-top:3.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="7" valign=bottom>
      <p style='margin-top:3.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="51" valign=bottom>
      <p style='margin-top:3.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>2,366</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:3.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td></tr>
  <tr>
    <td width="525" valign=bottom>
      <p style='margin-top:3.0pt;margin-bottom:0pt;margin-left:.25in;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>Long-term
      liabilities of discontinued operations</font></p></td>
    <td width="36" valign=bottom>
      <p style='margin-top:3.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="7" valign=bottom>
      <p style='margin-top:3.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="51" valign=bottom>
      <p style='margin-top:3.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>190</font></p></td>
    <td width="36" valign=bottom>
      <p style='margin-top:3.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="7" valign=bottom>
      <p style='margin-top:3.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="51" valign=bottom>
      <p style='margin-top:3.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>195</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:3.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td></tr>
  <tr>
    <td width="525" valign=bottom style='border-bottom:white 1.0pt solid'>
      <p style='margin-top:3.0pt;margin-bottom:0pt;margin-left:.25in;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>Other</font></p></td>
    <td width="36" valign=bottom>
      <p style='margin-top:3.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="7" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:3.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="51" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:3.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>2,826</font></p></td>
    <td width="36" valign=bottom>
      <p style='margin-top:3.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="7" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:3.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="51" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:3.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>2,966</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:3.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td></tr>
  <tr>
    <td width="525" valign=bottom>
      <p style='margin-top:6.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="36" valign=bottom>
      <p style='margin-top:6.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="7" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:6.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="51" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:6.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>5,359</font></p></td>
    <td width="36" valign=bottom>
      <p style='margin-top:6.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="7" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:6.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="51" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:6.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>5,527</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:6.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td></tr>
  <tr>
    <td width="525" valign=bottom style='border-bottom:white 1.0pt solid'>
      <p style='margin-top:36.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>MINORITY
      INTEREST</font></p></td>
    <td width="36" valign=bottom>
      <p style='margin-top:36.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="7" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:36.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="51" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:36.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>361</font></p></td>
    <td width="36" valign=bottom>
      <p style='margin-top:36.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="7" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:36.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="51" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:36.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>352</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:36.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td></tr>
  <tr>
    <td width="525" valign=bottom>
      <p style='margin-top:36.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>STOCKHOLDERS&#146;
      EQUITY</font></p></td>
    <td width="36" valign=bottom>
      <p style='margin-top:36.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="7" valign=bottom>
      <p style='margin-top:36.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="51" valign=bottom>
      <p style='margin-top:36.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="36" valign=bottom>
      <p style='margin-top:36.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="7" valign=bottom>
      <p style='margin-top:36.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="51" valign=bottom>
      <p style='margin-top:36.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="7" valign=bottom>
      <p style='margin-top:36.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td></tr>
  <tr>
    <td width="525" valign=bottom>
      <p style='margin-top:3.0pt;margin-bottom:0pt;margin-left:.25in;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>Common
      stock, at par value</font></p></td>
    <td width="36" valign=bottom>
      <p style='margin-top:3.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="7" valign=bottom>
      <p style='margin-top:3.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="51" valign=bottom>
      <p style='margin-top:3.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>174</font></p></td>
    <td width="36" valign=bottom>
      <p style='margin-top:3.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="7" valign=bottom>
      <p style='margin-top:3.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="51" valign=bottom>
      <p style='margin-top:3.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>174</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:3.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td></tr>
  <tr>
    <td width="525" valign=bottom>
      <p style='margin-top:3.0pt;margin-bottom:0pt;margin-left:.25in;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>Treasury
      stock</font></p></td>
    <td width="36" valign=bottom>
      <p style='margin-top:3.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="7" valign=bottom>
      <p style='margin-top:3.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="51" valign=bottom>
      <p style='margin-top:3.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>(1,802</font></p></td>
    <td width="36" valign=bottom>
      <p style='margin-top:3.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>)</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:3.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="51" valign=bottom>
      <p style='margin-top:3.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>(1,481</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:3.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>)</font></p></td></tr>
  <tr>
    <td width="525" valign=bottom>
      <p style='margin-top:3.0pt;margin-bottom:0pt;margin-left:.25in;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>Additional
      paid-in capital</font></p></td>
    <td width="36" valign=bottom>
      <p style='margin-top:3.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="7" valign=bottom>
      <p style='margin-top:3.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="51" valign=bottom>
      <p style='margin-top:3.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>6,948</font></p></td>
    <td width="36" valign=bottom>
      <p style='margin-top:3.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="7" valign=bottom>
      <p style='margin-top:3.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="51" valign=bottom>
      <p style='margin-top:3.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>6,905</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:3.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td></tr>
  <tr>
    <td width="525" valign=bottom>
      <p style='margin-top:3.0pt;margin-bottom:0pt;margin-left:.25in;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>Retained
      earnings</font></p></td>
    <td width="36" valign=bottom>
      <p style='margin-top:3.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="7" valign=bottom>
      <p style='margin-top:3.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="51" valign=bottom>
      <p style='margin-top:3.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>15,233</font></p></td>
    <td width="36" valign=bottom>
      <p style='margin-top:3.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="7" valign=bottom>
      <p style='margin-top:3.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="51" valign=bottom>
      <p style='margin-top:3.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>13,987</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:3.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td></tr>
  <tr>
    <td width="525" valign=bottom style='border-bottom:white 1.0pt solid'>
      <p style='margin-top:3.0pt;margin-bottom:0pt;margin-left:.25in;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>Accumulated
      other comprehensive loss</font></p></td>
    <td width="36" valign=bottom>
      <p style='margin-top:3.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="7" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:3.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="51" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:3.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>(336</font></p></td>
    <td width="36" valign=bottom style='border-bottom:white 1.0pt solid'>
      <p style='margin-top:3.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>)</font></p></td>
    <td width="7" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:3.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="51" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:3.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>(333</font></p></td>
    <td width="7" valign=bottom style='border-bottom:white 1.0pt solid'>
      <p style='margin-top:3.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>)</font></p></td></tr>
  <tr>
    <td width="525" valign=bottom>
      <p style='margin-top:6.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="36" valign=bottom>
      <p style='margin-top:6.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="7" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:6.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="51" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:6.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>20,217</font></p></td>
    <td width="36" valign=bottom>
      <p style='margin-top:6.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="7" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:6.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="51" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:6.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>19,252</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:6.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td></tr>
  <tr>
    <td width="525" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:6.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="36" valign=bottom>
      <p style='margin-top:6.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="7" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:6.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>$</font></p></td>
    <td width="51" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:6.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>32,883</font></p></td>
    <td width="36" valign=bottom>
      <p style='margin-top:6.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="7" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:6.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>$</font></p></td>
    <td width="51" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:6.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>32,431</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:6.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td></tr></table>

<p style='margin-top:3.0pt;margin-bottom:0pt;text-align:left;line-height:105%;width:720'><font face="arial" style='font-size:8pt'>The
accompanying notes are an integral part of these financial statements.</font></p>

<p style='margin-top:108.0pt;margin-bottom:0pt;text-align:center;line-height:105%;width:720'><font face="arial" style='font-size:10.0pt'>3</font></p>

<p style='page-break-before:always'></p>

<page>

<p style='margin-top:12.0pt;margin-bottom:0pt;text-align:center;line-height:105%;width:720'><font face="arial" style='font-size:10.0pt'>OCCIDENTAL
PETROLEUM CORPORATION AND SUBSIDIARIES
  <br>CONSOLIDATED CONDENSED STATEMENTS OF INCOME
  <br>FOR THE THREE MONTHS ENDED MARCH 31, 2007 AND 2006
  <br>(Amounts in millions, except per-share amounts)</font></p>

<table border="0" cellspacing=0 cellpadding=0 width="627" style='border-collapse:collapse'>
  <tr>
    <td width="450" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:36.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="28" valign=bottom>
      <p style='margin-top:36.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="14" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:36.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="50" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:36.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>2007</font></p></td>
    <td width="14" valign=bottom>
      <p style='margin-top:36.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="14" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:36.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="50" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:36.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>2006</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:36.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td></tr>
  <tr>
    <td width="450" valign=bottom>
      <p style='margin-top:3.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>REVENUES</font></p></td>
    <td width="28" valign=bottom>
      <p style='margin-top:3.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="14" valign=bottom>
      <p style='margin-top:3.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="50" valign=bottom>
      <p style='margin-top:3.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="14" valign=bottom>
      <p style='margin-top:3.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="14" valign=bottom>
      <p style='margin-top:3.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="50" valign=bottom>
      <p style='margin-top:3.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="7" valign=bottom>
      <p style='margin-top:3.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td></tr>
  <tr>
    <td width="450" valign=bottom>
      <p style='margin-top:3.0pt;margin-bottom:0pt;margin-left:.25in;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>Net
      sales</font></p></td>
    <td width="28" valign=bottom>
      <p style='margin-top:3.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="14" valign=bottom>
      <p style='margin-top:3.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>$</font></p></td>
    <td width="50" valign=bottom>
      <p style='margin-top:3.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>4,108</font></p></td>
    <td width="14" valign=bottom>
      <p style='margin-top:3.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="14" valign=bottom>
      <p style='margin-top:3.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>$</font></p></td>
    <td width="50" valign=bottom>
      <p style='margin-top:3.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>4,396</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:3.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td></tr>
  <tr>
    <td width="450" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;margin-left:.25in;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>Interest,
      dividends and other income</font></p></td>
    <td width="28" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="14" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="50" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>184</font></p></td>
    <td width="14" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="14" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="50" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>54</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td></tr>
  <tr>
    <td width="450" valign=bottom style='border-bottom:white 1.0pt solid'>
      <p style='margin-top:1.0pt;margin-bottom:0pt;margin-left:.25in;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>Gains
      on disposition of assets, net</font></p></td>
    <td width="28" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="14" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="50" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>412</font></p></td>
    <td width="14" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="14" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="50" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>3</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td></tr>
  <tr>
    <td width="450" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="28" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="14" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="50" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>4,704</font></p></td>
    <td width="14" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="14" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="50" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>4,453</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td></tr>
  <tr>
    <td width="450" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>COSTS
      AND OTHER DEDUCTIONS</font></p></td>
    <td width="28" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="14" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="50" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="14" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="14" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="50" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="7" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td></tr>
  <tr>
    <td width="450" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;margin-left:.25in;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>Cost
      of sales</font></p></td>
    <td width="28" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="14" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="50" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>2,078</font></p></td>
    <td width="14" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="14" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="50" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>1,935</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td></tr>
  <tr>
    <td width="450" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;margin-left:.5in;text-indent:-.25in;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>Selling,
      general and administrative
        <br>and other operating expenses</font></p></td>
    <td width="28" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="14" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="50" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>340</font></p></td>
    <td width="14" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="14" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="50" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>344</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td></tr>
  <tr>
    <td width="450" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;margin-left:.25in;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>Environmental
      remediation</font></p></td>
    <td width="28" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="14" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="50" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>55</font></p></td>
    <td width="14" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="14" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="50" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>7</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td></tr>
  <tr>
    <td width="450" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;margin-left:.25in;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>Exploration
      expense</font></p></td>
    <td width="28" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="14" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="50" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>102</font></p></td>
    <td width="14" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="14" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="50" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>71</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td></tr>
  <tr>
    <td width="450" valign=bottom style='border-bottom:white 1.0pt solid'>
      <p style='margin-top:1.0pt;margin-bottom:0pt;margin-left:.25in;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>Interest
      and debt expense, net</font></p></td>
    <td width="28" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="14" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="50" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>217</font></p></td>
    <td width="14" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="14" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="50" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>68</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td></tr>
  <tr>
    <td width="450" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="28" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="14" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="50" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>2,792</font></p></td>
    <td width="14" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="14" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="50" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>2,425</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td></tr>
  <tr>
    <td width="450" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>Income
      before taxes and other items</font></p></td>
    <td width="28" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="14" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="50" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>1,912</font></p></td>
    <td width="14" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="14" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="50" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>2,028</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td></tr>
  <tr>
    <td width="450" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;margin-left:.25in;text-indent:-.25in;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>Provision
      for domestic and foreign
        <br>income and other taxes</font></p></td>
    <td width="28" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="14" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="50" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>703</font></p></td>
    <td width="14" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="14" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="50" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>907</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td></tr>
  <tr>
    <td width="450" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>Minority interest</font></p></td>
    <td width="28" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="14" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="50" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>7</font></p></td>
    <td width="14" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="14" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="50" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>37</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td></tr>
  <tr>
    <td width="450" valign=bottom style='border-bottom:white 1.0pt solid'>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>Income
      from equity investments</font></p></td>
    <td width="28" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="14" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="50" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>(10</font></p></td>
    <td width="14" valign=bottom style='border-bottom:white 1.0pt solid'>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>)</font></p></td>
    <td width="14" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="50" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>(69</font></p></td>
    <td width="7" valign=bottom style='border-bottom:white 1.0pt solid'>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>)</font></p></td></tr>
  <tr>
    <td width="450" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>Income
      from continuing operations</font></p></td>
    <td width="28" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="14" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="50" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>1,212</font></p></td>
    <td width="14" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="14" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="50" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>1,153</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td></tr>
  <tr>
    <td width="450" valign=bottom style='border-bottom:white 1.0pt solid'>
      <p style='margin-top:1.0pt;margin-bottom:0pt;margin-left:.25in;text-indent:-.25in;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>Discontinued
      operations, net</font></p></td>
    <td width="28" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="14" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="50" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>&#151;</font></p></td>
    <td width="14" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="14" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="50" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>78</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td></tr>
  <tr>
    <td width="450" valign=bottom style='border-bottom:white 2.25pt double'>
      <p style='margin-top:2.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>NET
      INCOME</font></p></td>
    <td width="28" valign=bottom>
      <p style='margin-top:2.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="14" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:2.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>$</font></p></td>
    <td width="50" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:2.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>1,212</font></p></td>
    <td width="14" valign=bottom>
      <p style='margin-top:2.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="14" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:2.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>$</font></p></td>
    <td width="50" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:2.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>1,231</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:2.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td></tr>
  <tr>
    <td width="450" valign=bottom>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>BASIC
      EARNINGS PER COMMON SHARE</font></p></td>
    <td width="28" valign=bottom>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="14" valign=bottom>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="50" valign=bottom>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="14" valign=bottom>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="14" valign=bottom>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="50" valign=bottom>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="7" valign=bottom>
      <p style='margin-top:3.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td></tr>
  <tr>
    <td width="450" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;margin-left:.25in;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>Income
      from continuing operations</font></p></td>
    <td width="28" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="14" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>$</font></p></td>
    <td width="50" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>1.44</font></p></td>
    <td width="14" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="14" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>$</font></p></td>
    <td width="50" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>1.36</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td></tr>
  <tr>
    <td width="450" valign=bottom style='border-bottom:white 1.0pt solid'>
      <p style='margin-top:1.0pt;margin-bottom:0pt;margin-left:.25in;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>Discontinued
      operations, net</font></p></td>
    <td width="28" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="14" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="50" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>&#151;</font></p></td>
    <td width="14" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="14" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="50" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>0.09</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td></tr>
  <tr>
    <td width="450" valign=bottom style='border-bottom:white 2.25pt double'>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>Basic
      earnings per common share</font></p></td>
    <td width="28" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="14" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>$</font></p></td>
    <td width="50" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>1.44</font></p></td>
    <td width="14" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="14" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>$</font></p></td>
    <td width="50" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>1.45</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td></tr>
  <tr>
    <td width="450" valign=bottom>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>DILUTED
      EARNINGS PER COMMON SHARE</font></p></td>
    <td width="28" valign=bottom>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="14" valign=bottom>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="50" valign=bottom>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="14" valign=bottom>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="14" valign=bottom>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="50" valign=bottom>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="7" valign=bottom>
      <p style='margin-top:3.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td></tr>
  <tr>
    <td width="450" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;margin-left:.25in;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>Income
      from continuing operations</font></p></td>
    <td width="28" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="14" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>$</font></p></td>
    <td width="50" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>1.43</font></p></td>
    <td width="14" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="14" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>$</font></p></td>
    <td width="50" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>1.34</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td></tr>
  <tr>
    <td width="450" valign=bottom style='border-bottom:white 1.0pt solid'>
      <p style='margin-top:1.0pt;margin-bottom:0pt;margin-left:.25in;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>Discontinued
      operations, net</font></p></td>
    <td width="28" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="14" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="50" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>&#151;</font></p></td>
    <td width="14" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="14" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="50" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>0.09</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td></tr>
  <tr>
    <td width="450" valign=bottom style='border-bottom:white 2.25pt double'>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>Diluted
      earnings per common share</font></p></td>
    <td width="28" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="14" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>$</font></p></td>
    <td width="50" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>1.43</font></p></td>
    <td width="14" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="14" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>$</font></p></td>
    <td width="50" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>1.43</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td></tr>
  <tr>
    <td width="450" valign=bottom style='border-bottom:white 2.25pt double'>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>DIVIDENDS
      PER COMMON SHARE</font></p></td>
    <td width="28" valign=bottom>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="14" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>$</font></p></td>
    <td width="50" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>0.22</font></p></td>
    <td width="14" valign=bottom>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="14" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>$</font></p></td>
    <td width="50" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>0.18</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td></tr>
  <tr>
    <td width="450" valign=bottom style='border-bottom:white 2.25pt double'>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>WEIGHTED
      AVERAGE BASIC SHARES</font></p></td>
    <td width="28" valign=bottom>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="14" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="50" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>841.0</font></p></td>
    <td width="14" valign=bottom>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="14" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="50" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>848.5</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td></tr>
  <tr>
    <td width="450" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>WEIGHTED
      AVERAGE DILUTED SHARES</font></p></td>
    <td width="28" valign=bottom>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="14" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="50" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>846.5</font></p></td>
    <td width="14" valign=bottom>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="14" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="50" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>860.9</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td></tr></table>

<p style='margin-top:3.0pt;margin-bottom:0pt;text-align:left;line-height:105%;width:720'><font face="arial" style='font-size:8pt'>The
accompanying notes are an integral part of these financial statements.</font></p>

<p style='margin-top:48.0pt;margin-bottom:0pt;text-align:center;line-height:105%;width:720'><font face="arial" style='font-size:10.0pt'>4</font></p>

<p style='page-break-before:always'></p>

<page>

<p style='margin-top:0pt;margin-bottom:0pt;text-align:center;line-height:105%;width:720'><font face="arial" style='font-size:10.0pt'>OCCIDENTAL
PETROLEUM CORPORATION AND SUBSIDIARIES
  <br>CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS
  <br>FOR THE THREE MONTHS ENDED MARCH 31, 2007 AND 2006
  <br>(Amounts in millions)</font></p>

<table border="0" cellspacing=0 cellpadding=0 width="720" style='border-collapse:collapse'>
  <tr>
    <td width="555" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="7" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="50" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>2007</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="7" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="50" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>2006</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td></tr>
  <tr>
    <td width="555" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>CASH
      FLOW FROM OPERATING ACTIVITIES</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="7" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="50" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="21" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="7" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="50" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="7" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td></tr>
  <tr>
    <td width="555" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;margin-left:.25in;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>Net
      income</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="7" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>$</font></p></td>
    <td width="50" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>1,212</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="7" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>$</font></p></td>
    <td width="50" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>1,231</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td></tr>
  <tr>
    <td width="555" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;margin-left:.5in;text-indent:-.25in;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>Adjustments
      to reconcile net income to net cash provided by operating
        <br>activities:</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="7" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="50" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="21" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="7" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="50" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="7" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td></tr>
  <tr>
    <td width="555" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;margin-left:.5in;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>Discontinued
      operations, net</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="7" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="50" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>&#151;</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="7" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="50" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>(78</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>)</font></p></td></tr>
  <tr>
    <td width="555" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;margin-left:.5in;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>Depreciation,
      depletion and amortization of assets</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="7" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="50" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>588</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="7" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="50" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>463</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td></tr>
  <tr>
    <td width="555" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;margin-left:.5in;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>Deferred
      income tax (benefit) provision</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="7" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="50" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>(4</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>)</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="50" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>40</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td></tr>
  <tr>
    <td width="555" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;margin-left:.5in;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>Other
      non-cash charges to income</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="7" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="50" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>320</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="7" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="50" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>179</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td></tr>
  <tr>
    <td width="555" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;margin-left:.5in;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>Gains
      on disposition of assets, net</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="7" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="50" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>(412</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>)</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="50" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>(3</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>)</font></p></td></tr>
  <tr>
    <td width="555" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;margin-left:.5in;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>Income
      from equity investments</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="7" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="50" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>(10</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>)</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="50" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>(69</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>)</font></p></td></tr>
  <tr>
    <td width="555" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;margin-left:.5in;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>Dry
      hole and impairment expense</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="7" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="50" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>43</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="7" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="50" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>29</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td></tr>
  <tr>
    <td width="555" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;margin-left:.25in;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>Changes
      in operating assets and liabilities</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="7" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="50" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>(65</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>)</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="50" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>148</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td></tr>
  <tr>
    <td width="555" valign=bottom style='border-bottom:white 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;margin-left:.25in;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>Other
      operating, net</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="7" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="50" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>(41</font></p></td>
    <td width="21" valign=bottom style='border-bottom:white 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>)</font></p></td>
    <td width="7" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="50" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>(76</font></p></td>
    <td width="7" valign=bottom style='border-bottom:white 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>)</font></p></td></tr>
  <tr>
    <td width="555" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;margin-left:.5in;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>Operating
      cash flow from continuing operations</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="7" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="50" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>1,631</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="7" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="50" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>1,864</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td></tr>
  <tr>
    <td width="555" valign=bottom style='border-bottom:white 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;margin-left:.5in;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>Operating
      cash flow from discontinued operations</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="7" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="50" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>(9</font></p></td>
    <td width="21" valign=bottom style='border-bottom:white 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>)</font></td>
    <td width="7" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="50" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>157</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td></tr>
  <tr>
    <td width="555" valign=bottom style='border-bottom:white 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;margin-left:.75in;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>Net
      cash provided by operating activities</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="7" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="50" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>1,622</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="7" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="50" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>2,021</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td></tr>
  <tr>
    <td width="555" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>CASH
      FLOW FROM INVESTING ACTIVITIES</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="7" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="50" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="21" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="7" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="50" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="7" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td></tr>
  <tr>
    <td width="555" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;margin-left:.25in;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>Capital
      expenditures</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="7" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="50" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>(784</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>)</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="50" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>(596</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>)</font></p></td></tr>
  <tr>
    <td width="555" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;margin-left:.25in;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>Purchase
      of businesses, net</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="7" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="50" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>&#151;</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="50" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>(1,488</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>)</font></p></td></tr>
  <tr>
    <td width="555" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;margin-left:.25in;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>Sales
      of businesses and disposal of property, plant, and equipment, net</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="7" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="50" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>1</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="7" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="50" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>5</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td></tr>
  <tr>
    <td width="555" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;margin-left:.25in;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>Short
      term investments - purchases</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="7" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="50" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>(10</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>)</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="50" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>(5</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>)</font></p></td></tr>
  <tr>
    <td width="555" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;margin-left:.25in;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>Short
      term investments - sales</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="7" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="50" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>36</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="7" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="50" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>30</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td></tr>
  <tr>
    <td width="555" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;margin-left:.25in;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>Sales
      of equity investments and available-for-sale investments</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="7" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="50" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>485</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="7" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="50" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>&#151;</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td></tr>
  <tr>
    <td width="555" valign=bottom style='border-bottom:white 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;margin-left:.25in;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>Equity
      investments and other investing, net</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="7" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="50" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>(87</font></p></td>
    <td width="21" valign=bottom style='border-bottom:white 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>)</font></p></td>
    <td width="7" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="50" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>(56</font></p></td>
    <td width="7" valign=bottom style='border-bottom:white 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>)</font></td></tr>
  <tr>
    <td width="555" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;margin-left:.5in;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>Investing
      cash flow from continuing operations</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="7" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="50" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>(359</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>)</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="50" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>(2,110</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>)</font></p></td></tr>
  <tr>
    <td width="555" valign=bottom style='border-bottom:white 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;margin-left:.5in;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>Investing
      cash flow from discontinued operations</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="7" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="50" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>(1</font></p></td>
    <td width="21" valign=bottom style='border-bottom:white 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>)</font></p></td>
    <td width="7" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="50" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>(20</font></p></td>
    <td width="7" valign=bottom style='border-bottom:white 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>)</font></p></td></tr>
  <tr>
    <td width="555" valign=bottom style='border-bottom:white 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;margin-left:.75in;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>Net
      cash used by investing activities</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="7" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="50" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>(360</font></p></td>
    <td width="21" valign=bottom style='border-bottom:white 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>)</font></p></td>
    <td width="7" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="50" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>(2,130</font></p></td>
    <td width="7" valign=bottom style='border-bottom:white 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>)</font></p></td></tr>
  <tr>
    <td width="555" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>CASH
      FLOW FROM FINANCING ACTIVITIES</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="7" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="50" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="21" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="7" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="50" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="7" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td></tr>
  <tr>
    <td width="555" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;margin-left:.25in;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>Proceeds
      from long-term debt</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="7" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="50" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>34</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="7" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="50" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>70</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td></tr>
  <tr>
    <td width="555" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;margin-left:.25in;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>Payments
      of long-term debt and capital lease liabilities</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="7" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="50" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>(851</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>)</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="50" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>(45</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>)</font></p></td></tr>
  <tr>
    <td width="555" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;margin-left:.25in;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>Proceeds
      from issuance of common stock</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="7" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="50" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>2</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="7" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="50" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>2</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td></tr>
  <tr>
    <td width="555" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;margin-left:.25in;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>Purchases
      of treasury stock</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="7" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="50" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>(321</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>)</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="50" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>(176</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>)</font></td></tr>
  <tr>
    <td width="555" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;margin-left:.25in;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>Excess
      tax benefits related to share-based payments</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="7" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="50" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>9</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="7" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="50" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>7</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td></tr>
  <tr>
    <td width="555" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;margin-left:.25in;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>Cash
      dividends paid</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="7" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="50" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>(187</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>)</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="50" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>(147</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>)</font></p></td></tr>
  <tr>
    <td width="555" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;margin-left:.25in;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>Stock
      options exercised</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="7" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="50" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>5</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="7" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="50" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>12</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td></tr>
  <tr>
    <td width="555" valign=bottom style='border-bottom:white 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;margin-left:.25in;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>Other
      financing, net</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="7" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="50" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>&#151;</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="7" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="50" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>1</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td></tr>
  <tr>
    <td width="555" valign=bottom style='border-bottom:white 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;margin-left:.5in;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>Net
      cash used by financing activities</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="7" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="50" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>(1,309</font></p></td>
    <td width="21" valign=bottom style='border-bottom:white 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>)</font></p></td>
    <td width="7" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="50" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>(276</font></p></td>
    <td width="7" valign=bottom style='border-bottom:white 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>)</font></p></td></tr>
  <tr>
    <td width="555" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>Decrease
      in cash and cash equivalents</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="7" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="50" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>(47</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>)</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="50" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>(385</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>)</font></td></tr>
  <tr>
    <td width="555" valign=bottom style='border-bottom:white 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>Cash
      and cash equivalents&#151;beginning of period</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="7" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="50" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>1,339</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="7" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="50" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>2,188</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td></tr>
  <tr>
    <td width="555" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>Cash
      and cash equivalents&#151;end of period</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="7" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>$</font></p></td>
    <td width="50" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>1,292</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td>
    <td width="7" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>$</font></p></td>
    <td width="50" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>1,803</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></td></tr></table>

<p style='margin-top:3.0pt;margin-bottom:0pt;text-align:left;line-height:105%;width:720'><font face="arial" style='font-size:8pt'>The
accompanying notes are an integral part of these financial statements.</font></p>

<p style='margin-top:90.0pt;margin-bottom:0pt;text-align:center;line-height:105%;width:720'><font face="arial" style='font-size:10.0pt'>5</font></p>

<p style='page-break-before:always'></p>

<page>

<p style='margin-top:0pt;margin-bottom:0pt;text-align:center;line-height:105%;width:720'><font face="arial" style='font-size:10.0pt'>OCCIDENTAL
PETROLEUM CORPORATION AND SUBSIDIARIES
  <br>NOTES TO CONSOLIDATED CONDENSED FINANCIAL STATEMENTS</font></p>

<p style='margin-top:6.0pt;margin-bottom:0pt;text-align:center;line-height:105%;width:720'><font face="arial" style='font-size:10.0pt'>March
31, 2007</font></p>

<table border="0" cellspacing=0 cellpadding=0 width="720" style='border-collapse:collapse'>
  <tr>
    <td width="30" valign=top>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>1.</font></p></td>
    <td width="690" valign=top>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>General</font></p></td></tr></table>

<p style='margin-top:12.0pt;margin-bottom:0pt;margin-left:30px;text-align:justify;width:690;line-height:105%'><font face="arial" style='font-size:10.0pt'>In
these unaudited consolidated condensed financial statements, "Occidental" means Occidental Petroleum Corporation (OPC) and/or one or
more entities in which it owns a majority voting interest (subsidiaries). Certain information and disclosures normally included in
notes to consolidated financial statements have been condensed or omitted pursuant to the Securities and Exchange Commission&#146;s
rules and regulations, but resultant disclosures are in accordance with accounting principles generally accepted in the United
States of America as they apply to interim reporting. The consolidated condensed financial statements should be read in conjunction
with the consolidated financial statements and the notes thereto in Occidental&#146;s Annual Report on Form 10-K for the year ended
December 31, 2006 (2006 Form 10-K).</font></p>

<p style='margin-top:12.0pt;margin-bottom:0pt;margin-left:30px;text-align:justify;width:690;line-height:105%'><font face="arial" style='font-size:10.0pt'>In
the opinion of Occidental&#146;s management, the accompanying consolidated condensed financial statements contain all adjustments
(consisting of normal recurring adjustments) necessary to fairly present Occidental&#146;s consolidated financial position as of
March 31, 2007, and the consolidated statements of income and cash flows for the three months then ended, as applicable. The income
and cash flows for the periods ended March 31, 2007 and 2006, are not necessarily indicative of the income or cash flows to be
expected for the full year.</font></p>

<p style='margin-top:12.0pt;margin-bottom:0pt;margin-left:30px;text-align:justify;width:690;line-height:105%'><font face="arial" style='font-size:10.0pt'>Certain
financial statement elements and notes for the prior year have been reclassified to conform to the 2007 presentation.</font></p>

<table border="0" cellspacing=0 cellpadding=0 width="720" style='border-collapse:collapse'>
  <tr>
    <td width="30" valign=top>
      <p style='margin-top:24.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>2.</font></p></td>
    <td width="690" valign=top>
      <p style='margin-top:24.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>Asset
      Acquisitions, Dispositions and Other Transactions</font></p></td></tr></table>

<p style='margin-top:12.0pt;margin-bottom:0pt;margin-left:30px;text-align:justify;width:690;line-height:105%'><font face="arial" style='font-size:10.0pt'>In
January 2007, Occidental sold its 50-percent interest in the Russian Vanyoganneft joint venture to TNK-BP for approximately $485
million and recorded an after-tax gain of $412 million.</font></p>

<p style='margin-top:12.0pt;margin-bottom:0pt;margin-left:30px;text-align:justify;width:690;line-height:105%'><font face="arial" style='font-size:10.0pt'>In
January 2007, Occidental completed a cash tender offer for its 10.125-percent senior debentures due 2009, 9.25-percent senior
debentures due 2019, 8.75-percent senior notes due 2023, 7.2-percent senior debentures due 2028 and 8.45-percent senior notes due
2029, resulting in the repurchase of a portion of these debt instruments totaling $659 million in principal amount. The repurchases
were funded with Occidental&#146;s cash on hand and resulted in a debt repurchase pre-tax interest expense of $172
million.</font></p>

<p style='margin-top:12.0pt;margin-bottom:0pt;margin-left:30px;text-align:justify;width:690;line-height:105%'><font face="arial" style='font-size:10.0pt'>In
May 2006, Ecuador terminated Occidental's contract for the operation of Block 15, comprising all of its oil producing operations in
the country, and seized Occidental's Block 15 assets. As a result of the seizure, Occidental classified its Block 15 operations as
discontinued operations. Net revenues and pre-tax income for discontinued operations related to Ecuador for the three months ended
March 31, 2006 were $174 million and $65 million, respectively.</font></p>

<table border="0" cellspacing=0 cellpadding=0 width="720" style='border-collapse:collapse'>
  <tr>
    <td width="30" valign=top>
      <p style='margin-top:24.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>3.</font></p></td>
    <td width="690" valign=top>
      <p style='margin-top:24.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>Accounting
      Changes</font></p></td></tr></table>

<p style='margin-top:12.0pt;margin-bottom:0pt;margin-left:30px;text-align:justify;width:690;line-height:105%'><font face="arial" style='font-size:10.0pt'>In
February 2007, the Financial Accounting Standards Board (FASB) issued Statement of Financial Accounting Standards (SFAS) No. 159,
&#147;The Fair Value Option for Financial Assets and Financial Liabilities.&#148; This Statement provides companies an option to
measure certain financial instruments at fair value. SFAS No. 159 is effective for fiscal years beginning after November 15, 2007.
Occidental is currently assessing the effect of SFAS No. 159 on its financial statements.</font></p>

<p style='margin-top:12.0pt;margin-bottom:0pt;margin-left:30px;text-align:justify;width:690;line-height:105%'><font face="arial" style='font-size:10.0pt'>In
March 2007, the FASB ratified the Emerging Issues Task Force (EITF) Issue No. 06-10, &#147;Accounting for Collateral Assignment
Split-Dollar Life Insurance Arrangements.&#148; This EITF Issue provides guidance for split-dollar life insurance arrangements, and
requires employers to recognize a liability for certain obligations</font></p>

<p style='margin-top:18.0pt;margin-bottom:0pt;text-align:center;line-height:105%;width:720'><font face="arial" style='font-size:10.0pt'>6</font></p>

<p style='page-break-before:always'></p>

<page>

<p style='margin-top:0pt;margin-bottom:0pt;margin-left:30px;text-align:justify;width:690;line-height:105%'><font face="arial" style='font-size:10.0pt'>under
these arrangements. The recognition and disclosure provisions of EITF Issue No. 06-10 are effective for fiscal years ending after
December 15, 2007. Occidental is currently assessing the effect of EITF Issue No. 06-10 on its financial statements.</font></p>

<p style='margin-top:12.0pt;margin-bottom:0pt;margin-left:30px;text-align:justify;width:690;line-height:105%'><font face="arial" style='font-size:10.0pt'>In
September 2006, the FASB issued FASB Staff Position (FSP) AUG AIR-1, &#147;Accounting for Planned Major Maintenance
Activities,&#148; which is effective for the first fiscal year beginning after December 15, 2006. This FSP prohibits the use of the
accrue-in-advance method of accounting for planned major maintenance activities, which was used by certain operations of Occidental.
When Occidental adopted FSP AUG AIR-1 on January 1, 2007, those operations changed to the deferral method of accounting for planned
major maintenance activities. The adoption of FSP AUG AIR-1 was retrospectively applied to all periods presented and the impact to
the income statement for the three months ended March 31, 2006 was immaterial. The following table shows the effects of adopting FSP
AUG AIR-1 on the consolidated balance sheet at January 1, 2007 (in millions):</font></p>

<table border="0" cellspacing=0 cellpadding=0 width="690" style='margin-left:30px;border-collapse:collapse'>
  <tr>
    <td width="529" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td colspan="3" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:center;line-height:105%'><font face="arial" style='font-size:10.0pt'>Debit/(Credit)</font></p></td></tr>
  <tr>
    <td width="529" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>Prepaid
      expenses and other</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>$</font></p></td>
    <td width="72" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>1</font></p></td>
    <td width="47" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td></tr>
  <tr>
    <td width="529" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>Property,
      plant and equipment, net</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>$</font></p></td>
    <td width="72" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>(16</font></p></td>
    <td width="47" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>)</font></p></td></tr>
  <tr>
    <td width="529" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>Other
      assets</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>$</font></p></td>
    <td width="72" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>91</font></p></td>
    <td width="47" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td></tr>
  <tr>
    <td width="529" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>Accrued
      liabilities</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>$</font></p></td>
    <td width="72" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>43</font></p></td>
    <td width="47" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td></tr>
  <tr>
    <td width="529" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>Deferred
      and other domestic and foreign income taxes</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>$</font></p></td>
    <td width="72" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>(40</font></p></td>
    <td width="47" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>)</font></p></td></tr>
  <tr>
    <td width="529" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>Minority
      interest</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>$</font></p></td>
    <td width="72" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>(11</font></p></td>
    <td width="47" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>)</font></p></td></tr>
  <tr>
    <td width="529" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>Retained
      earnings</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="21" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>$</font></p></td>
    <td width="72" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>(68</font></p></td>
    <td width="47" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>)</font></p></td></tr></table>

<p style='margin-top:24.0pt;margin-bottom:0pt;margin-left:30px;text-align:justify;width:690;line-height:105%'><font face="arial" style='font-size:10.0pt'>In
June 2006, the FASB issued FASB Interpretation (FIN) No. 48, &#147;Accounting for Uncertainty in Income Taxes, an interpretation of
FASB Statement No. 109.&#148; This interpretation specifies that benefits from tax positions should be recognized in the financial
statements only when it is more-likely-than-not that the tax position will be sustained upon examination by the appropriate taxing
authority having full knowledge of all relevant information. A tax position meeting the more-likely-than-not recognition threshold
should be measured at the largest amount of benefit for which the likelihood of realization upon ultimate settlement exceeds 50
percent. Occidental adopted FIN No. 48 on January 1, 2007. See Note 10 for further information.</font></p>

<table border="0" cellspacing=0 cellpadding=0 width="720" style='border-collapse:collapse'>
  <tr>
    <td width="30" valign=top>
      <p style='margin-top:24.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>4.</font></p></td>
    <td width="690" valign=top>
      <p style='margin-top:24.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>Comprehensive
      Income</font></p></td></tr></table>

<p style='margin-top:12.0pt;margin-bottom:0pt;margin-left:30px;text-align:justify;width:690;line-height:105%'><font face="arial" style='font-size:10.0pt'>The
following table presents Occidental&#146;s comprehensive income items for the three months ended March 31, 2007 and 2006 (in
millions):</font></p>

<table border="0" cellspacing=0 cellpadding=0 width="528" style='margin-left:30px;border-collapse:collapse'>
  <tr>
    <td width="359" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="15" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="45" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>2007</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="15" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="45" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>2006</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td></tr>
  <tr>
    <td width="359" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>Net
      income</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="15" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>$</font></p></td>
    <td width="45" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>1,212</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="15" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>$</font></p></td>
    <td width="45" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>1,231</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td></tr>
  <tr>
    <td width="359" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>Other
      comprehensive income (loss) items</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="15" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="45" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="15" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="45" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td></tr>
  <tr>
    <td width="359" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;margin-left:.25in;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>Foreign
      currency translation adjustments</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="15" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="45" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>3</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="15" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="45" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>3</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td></tr>
  <tr>
    <td width="359" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;margin-left:.25in;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>Derivative
      mark-to-market adjustments</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="15" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="45" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>(61</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>)</font></p></td>
    <td width="15" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="45" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>(47</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>)</font></p></td></tr>
  <tr>
    <td width="359" valign=bottom style='border-bottom:white 1.0pt solid'>
      <p style='margin-top:1.0pt;margin-bottom:0pt;margin-left:.25in;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>Unrealized
      gain on securities</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="15" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="45" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>55</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="15" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="45" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>&#151;</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td></tr>
  <tr>
    <td width="359" valign=bottom style='border-bottom:white 1.0pt solid'>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>Other
      comprehensive income (loss), net of tax</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="15" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="45" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>(3</font></p></td>
    <td width="21" valign=bottom style='border-bottom:white 1.0pt solid'>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>)</font></p></td>
    <td width="15" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="45" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>(44</font></p></td>
    <td width="7" valign=bottom style='border-bottom:white 1.0pt solid'>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>)</font></p></td></tr>
  <tr>
    <td width="359" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>Comprehensive
      income</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="15" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>$</font></p></td>
    <td width="45" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>1,209</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="15" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>$</font></p></td>
    <td width="45" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>1,187</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td></tr></table>

<p style='margin-top:108.0pt;margin-bottom:0pt;text-align:center;line-height:105%;width:720'><font face="arial" style='font-size:10.0pt;width:720'>7</font></p>

<p style='page-break-before:always'></p>

<page>

<table border="0" cellspacing=0 cellpadding=0 width="720" style='border-collapse:collapse'>
  <tr>
    <td width="30" valign=top>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>5.</font></p></td>
    <td width="690" valign=top>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>Supplemental
      Cash Flow Information</font></p></td></tr></table>

<p style='margin-top:12.0pt;margin-bottom:0pt;margin-left:30px;text-align:justify;width:690;line-height:105%'><font face="arial" style='font-size:10.0pt'>During
the three months ended March 31, 2007 and 2006, net cash payments for federal, foreign and state income taxes paid by continuing
operations were approximately $131 million and $266 million, respectively. Interest paid (net of interest capitalized of $18 million
and $10 million, respectively) totaled approximately $212 million and $58 million for the three months ended March 31, 2007 and
2006, respectively. The 2007 amount includes $167 million of interest paid for the repurchase of a portion of various debt issues
totaling $659 million in principal amount in a cash tender offer.</font></p>

<table border="0" cellspacing=0 cellpadding=0 width="720" style='border-collapse:collapse'>
  <tr>
    <td width="30" valign=top>
      <p style='margin-top:24.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>6.</font></p></td>
    <td width="690" valign=top>
      <p style='margin-top:24.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>Inventories</font></p></td></tr></table>

<p style='margin-top:12.0pt;margin-bottom:0pt;margin-left:30px;text-align:justify;width:690;line-height:105%'><font face="arial" style='font-size:10.0pt'>A
portion of inventories is valued under the LIFO method. The valuation of LIFO inventory for interim periods is based on
Occidental&#146;s estimates of year-end inventory levels and costs. Inventories consist of the following (in millions):</font></p>

<table border="0" cellspacing=0 cellpadding=0 width="492" style='margin-left:30px;border-collapse:collapse'>
  <tr>
    <td width="200" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>Balance
      at</font></p></td>
    <td width="28" valign=bottom>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td colspan="4" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:center;line-height:105%'><font face="arial" style='font-size:10.0pt'>March
      31, 2007</font></p></td>
    <td width="28" valign=bottom>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td colspan="4" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:center;line-height:105%'><font face="arial" style='font-size:10.0pt'>December
      31, 2006</font></p></td></tr>
  <tr>
    <td width="200" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>Raw
      materials</font></p></td>
    <td width="28" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="40" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="15" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>$</font></p></td>
    <td width="35" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>92</font></p></td>
    <td width="40" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="14" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="40" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="15" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>$</font></p></td>
    <td width="35" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>70</font></p></td>
    <td width="40" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td></tr>
  <tr>
    <td width="200" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>Materials
      and supplies</font></p></td>
    <td width="28" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="40" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="15" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="35" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>332</font></p></td>
    <td width="40" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="14" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="40" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="15" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="35" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>304</font></p></td>
    <td width="40" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td></tr>
  <tr>
    <td width="200" valign=bottom style='border-bottom:white 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>Finished
      goods</font></p></td>
    <td width="28" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="40" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="15" style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="35" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>388</font></p></td>
    <td width="40" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="14" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="40" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="15" style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="35" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>525</font></p></td>
    <td width="40" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td></tr>
  <tr>
    <td width="200" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="28" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="40" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="15" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="35" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>812</font></p></td>
    <td width="40" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="14" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="40" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="15" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="35" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>899</font></p></td>
    <td width="40" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td></tr>
  <tr>
    <td width="200" valign=bottom style='border-bottom:white 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>LIFO
      reserve</font></p></td>
    <td width="28" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="40" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="15" style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="35" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>(74</font></p></td>
    <td width="40" valign=bottom style='border-bottom:white 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>)</font></p></td>
    <td width="14" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="40" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="15" style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="35" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>(74</font></p></td>
    <td width="40" valign=bottom style='border-bottom:white 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>)</font></p></td></tr>
  <tr>
    <td width="200" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>Total</font></p></td>
    <td width="28" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="40" style='border-bottom:black 2.25pt double'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="15" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>$</font></p></td>
    <td width="35" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>738</font></p></td>
    <td width="40" style='border-bottom:black 2.25pt double'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="14" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="40" style='border-bottom:black 2.25pt double'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="15" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>$</font></p></td>
    <td width="35" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>825</font></p></td>
    <td width="40" style='border-bottom:black 2.25pt double'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td></tr></table>

<table border="0" cellspacing=0 cellpadding=0 width="720" style='border-collapse:collapse'>
  <tr>
    <td width="30" valign=top>
      <p style='margin-top:24.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>7.</font></p></td>
    <td width="690" valign=top>
      <p style='margin-top:24.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>Asset
      Retirement Obligations</font></p></td></tr></table>

<p style='margin-top:12.0pt;margin-bottom:0pt;margin-left:30px;text-align:justify;width:690;line-height:105%'><font face="arial" style='font-size:10.0pt'>The
following summarizes the activity of the asset retirement obligations, of which $369 million and $302 million are included in
deferred credits and other liabilities-other at March 31, 2007 and 2006, respectively, and the remaining balance is included in
accrued liabilities, for the three months ended March 31, 2007 and 2006 (in millions):</font></p>

<table border="0" cellspacing=0 cellpadding=0 width="515" style='margin-left:30px;border-collapse:collapse'>
  <tr>
    <td width="360" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="14" valign=bottom>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="14" style='border-bottom:black 2.25pt double'>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="44" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>2007</font></p></td>
    <td width="14" valign=bottom>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="14" style='border-bottom:black 2.25pt double'>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="44" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>2006</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td></tr>
  <tr>
    <td width="360" valign=bottom>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>Beginning
      balance</font></p></td>
    <td width="14" valign=bottom>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="14" valign=bottom>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>$</font></p></td>
    <td width="44" valign=bottom>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>376</font></p></td>
    <td width="14" valign=bottom>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="14" valign=bottom>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>$</font></p></td>
    <td width="44" valign=bottom>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>233</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td></tr>
  <tr>
    <td width="360" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>Liabilities
      incurred in the period</font></p></td>
    <td width="14" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="14" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="44" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>&#151;</font></p></td>
    <td width="14" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="14" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="44" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>1</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td></tr>
  <tr>
    <td width="360" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>Liabilities settled in the
      period</font></p></td>
    <td width="14" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="14" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="44" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>(3</font></p></td>
    <td width="14" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>)</font></p></td>
    <td width="14" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="44" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>(5</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>)</font></p></td></tr>
  <tr>
    <td width="360" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>Acquisition
      and other</font></p></td>
    <td width="14" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="14" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="44" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>2</font></p></td>
    <td width="14" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="14" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="44" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>77</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td></tr>
  <tr>
    <td width="360" valign=bottom style='border-bottom:white 1.0pt solid'>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>Accretion
      expense</font></p></td>
    <td width="14" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="14" style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="44" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>6</font></p></td>
    <td width="14" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="14" style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="44" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>5</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td></tr>
  <tr>
    <td width="360" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>Ending
      balance</font></p></td>
    <td width="14" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="14" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>$</font></p></td>
    <td width="44" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>381</font></p></td>
    <td width="14" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="14" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>$</font></p></td>
    <td width="44" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>311</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td></tr></table>

<table border="0" cellspacing=0 cellpadding=0 width="720" style='border-collapse:collapse'>
  <tr>
    <td width="30" valign=top>
      <p style='margin-top:24.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>8.</font></p></td>
    <td width="690" valign=top>
      <p style='margin-top:24.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>Environmental
      Liabilities and Expenditures</font></p></td></tr></table>

<p style='margin-top:12.0pt;margin-bottom:0pt;margin-left:30px;text-align:justify;width:690;line-height:105%'><font face="arial" style='font-size:10.0pt'>Occidental&#146;s
operations are subject to stringent federal, state, local and foreign laws and regulations relating to improving or maintaining
environmental quality. The laws that require or address environmental remediation may apply retroactively to past waste disposal
practices and releases of substances to the environment. In many cases, the laws apply regardless of fault, legality of the original
activities or current ownership or control of sites. OPC or certain of its subsidiaries are currently participating in environmental
assessments and cleanups under these laws at federal Superfund sites, comparable state sites and other domestic and foreign
remediation sites, including currently-owned facilities and previously-owned sites.</font></p>

<p style='margin-top:48.0pt;margin-bottom:0pt;text-align:center;line-height:105%;width:720'><font face="arial" style='font-size:10.0pt'>8</font></p>

<p style='page-break-before:always'></p>

<page>

<p style='margin-top:0pt;margin-bottom:0pt;margin-left:30px;text-align:justify;width:690;line-height:105%'><font face="arial" style='font-size:10.0pt'>The
following table presents Occidental&#146;s environmental remediation reserves at March 31, 2007, the current portion of which ($79
million) is included in accrued liabilities. The remaining amount of $373 million is included in deferred credits and other
liabilities-other. The reserves are grouped by three categories of environmental remediation sites ($ amounts in
millions):</font></p>

<table border="0" cellspacing=0 cellpadding=0 width="432" style='margin-left:30px;border-collapse:collapse'>
  <tr>
    <td width="210" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td colspan="2" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:center;line-height:105%'><font face="arial" style='font-size:10.0pt'>Number</font></p>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:center;line-height:105%'><font face="arial" style='font-size:10.0pt'>of Sites</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td colspan="4" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:center;line-height:105%'><font face="arial" style='font-size:10.0pt'>Reserve</font></p>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:center;line-height:105%'><font face="arial" style='font-size:10.0pt'>Balance</font></p></td></tr>
  <tr>
    <td width="210" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>CERCLA
      &amp; equivalent sites</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="65" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>101</font></p></td>
    <td width="25" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="25" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>$</font></p></td>
    <td width="33" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>219</font></p></td>
    <td width="25" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td></tr>
  <tr>
    <td width="210" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>Active
      facilities</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="65" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>21</font></p></td>
    <td width="25" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="25" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="33" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>158</font></p></td>
    <td width="25" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td></tr>
  <tr>
    <td width="210" valign=bottom style='border-bottom:white 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>Closed
      or sold facilities</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="65" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>40</font></p></td>
    <td width="25" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="25" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="7" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="33" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>75</font></p></td>
    <td width="25" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td></tr>
  <tr>
    <td width="210" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:0pt;margin-bottom:0pt;margin-left:22.5pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>Total</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="65" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>162</font></p></td>
    <td width="25" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="25" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="7" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>$</font></p></td>
    <td width="33" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>452</font></p></td>
    <td width="25" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td></tr></table>

<p style='margin-top:11.0pt;margin-bottom:0pt;margin-left:30px;text-align:justify;width:690;line-height:105%'><font face="arial" style='font-size:10.0pt'>In
determining the environmental remediation reserves and the reasonably possible range of loss, Occidental refers to currently
available information, including relevant past experience, available technology, regulations in effect, the timing of remediation
and cost-sharing arrangements. Occidental believes it is reasonably possible that it will continue to incur additional liabilities
beyond those recorded for environmental remediation at these sites. The range of reasonably possible loss for existing environmental
remediation matters could be up to $405 million beyond the amount accrued.</font></p>

<p style='margin-top:11.0pt;margin-bottom:0pt;margin-left:30px;text-align:justify;width:690;line-height:105%'><font face="arial" style='font-size:10.0pt'>The
following table shows additional detail regarding reserves for CERCLA or CERCLA-equivalent proceedings in which OPC or certain of
its subsidiaries were involved at March 31, 2007:</font></p>

<table border="0" cellspacing=0 cellpadding=0 width="432" style='margin-left:30px;border-collapse:collapse'>
  <tr>
    <td width="210" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>Description</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td colspan="2" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:center;line-height:105%'><font face="arial" style='font-size:10.0pt'>Number of</font></p>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:center;line-height:105%'><font face="arial" style='font-size:10.0pt'>Sites</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td colspan="4" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:center;line-height:105%'><font face="arial" style='font-size:10.0pt'>Reserve</font></p>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:center;line-height:105%'><font face="arial" style='font-size:10.0pt'>Balance</font></p>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:center;line-height:105%'><font face="arial" style='font-size:10.0pt'>(in millions)</font></p></td></tr>
  <tr>
    <td width="210" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>Minimal/No
      Exposure <sup style='vertical-align:text-top;font-size:90%'>(a)</sup></font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="65" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>81</font></p></td>
    <td width="25" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="25" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>$</font></p></td>
    <td width="33" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>6</font></p></td>
    <td width="25" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td></tr>
  <tr>
    <td width="210" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>Reserves
      between $1-10 million</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="65" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>14</font></p></td>
    <td width="25" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="25" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="33" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>53</font></p></td>
    <td width="25" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td></tr>
  <tr>
    <td width="210" valign=bottom style='border-bottom:white 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>Reserves
      over $10 million</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="65" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>6</font></p></td>
    <td width="25" style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="25" style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="7" style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="33" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>160</font></p></td>
    <td width="25" style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td></tr>
  <tr>
    <td width="210" style='border-bottom:black 2.25pt double'>
      <p style='margin-top:0pt;margin-bottom:0pt;margin-left:22.5pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>Total</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="65" style='border-bottom:black 2.25pt double'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>101</font></p></td>
    <td width="25" style='border-bottom:black 2.25pt double'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="25" style='border-bottom:black 2.25pt double'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="7" style='border-bottom:black 2.25pt double'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>$</font></p></td>
    <td width="33" style='border-bottom:black 2.25pt double'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>219</font></p></td>
    <td width="25" style='border-bottom:black 2.25pt double'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td></tr></table>

<table border="0" cellspacing=0 cellpadding=0 width="407" style='margin-left:30px;border-collapse:collapse'>
  <tr>
    <td width="25" valign=top>
      <p style='margin-top:2.0pt;margin-bottom:0pt;text-align:left;line-height:90%'><font face="arial" style='font-size:8pt'>(a)</font></p></td>
    <td width="382" valign=top>
      <p style='margin-top:2.0pt;margin-bottom:0pt;text-align:justify;line-height:90%'><font face="arial" style='font-size:8pt'>Includes
      31 sites for which Maxus Energy Corporation has retained the liability and indemnified Occidental, 4 sites where Occidental
      has denied liability without challenge, 34 sites where Occidental&#146;s reserves are less than $50,000 each, and 12 sites
      where reserves are between $50,000 and $1 million each.</font></p></td></tr></table>

<table border="0" cellspacing=0 cellpadding=0 width="720" style='border-collapse:collapse'>
  <tr>
    <td width="30" valign=top>
      <p style='margin-top:22.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>9.</font></p></td>
    <td width="690" valign=top>
      <p style='margin-top:22.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>Lawsuits,
      Claims, Commitments, Contingencies and Related Matters</font></p></td></tr></table>

<p style='margin-top:11.0pt;margin-bottom:0pt;margin-left:30px;text-align:justify;width:690;line-height:105%'><font face="arial" style='font-size:10.0pt'>OPC
or certain of its subsidiaries have been named in many lawsuits, claims and other legal proceedings. These actions seek, among other
things, compensation for alleged personal injury, breach of contract, property damage, punitive damages, civil penalties or other
losses, or injunctive or declaratory relief. OPC or certain of its subsidiaries also have been named in proceedings under CERCLA and
similar federal, state, local and foreign environmental laws. These environmental proceedings seek funding or performance of
remediation and, in some cases, compensation for alleged property damage, punitive damages and civil penalties; however, Occidental
is usually one of many companies in these proceedings and has to date been successful in sharing response costs with other
financially sound companies. With respect to all such lawsuits, claims and proceedings, including environmental proceedings,
Occidental accrues reserves when it is probable a liability has been incurred and the amount of loss can be reasonably
estimated.</font></p>

<p style='margin-top:11.0pt;margin-bottom:0pt;margin-left:30px;text-align:justify;width:690;line-height:105%'><font face="arial" style='font-size:10.0pt'>Since
2004, OCC has been served with ten lawsuits filed in Nicaragua by approximately 2,600 individual plaintiffs. These individuals
allege that they have sustained several billion dollars of personal injury damages as a result of their alleged exposure to a
pesticide. OCC is aware of, but has not been served in, 24 additional cases in Nicaragua, which Occidental understands make similar
allegations. In the opinion of management, the claims against OCC are without merit because, among other things, OCC believes that
none of the pesticide it manufactured was ever sold or used in Nicaragua. Under the applicable Nicaraguan statute, defendants are
required to pay pre-trial deposits so large as to effectively prohibit defendants from</font></p>

<p style='margin-top:6.0pt;margin-bottom:0pt;text-align:center;line-height:105%;width:720'><font face="arial" style='font-size:10.0pt'>9</font></p>

<p style='page-break-before:always'></p>

<page>

<p style='margin-top:0pt;margin-bottom:0pt;margin-left:30px;text-align:justify;width:690;line-height:105%'><font face="arial" style='font-size:10.0pt'>participating
fully in their defense. OCC filed a response to the complaints contesting jurisdiction without posting such pre-trial deposit. In
2004, the judge in one of the cases (Osorio Case), ruled the court had jurisdiction over the defendants, including OCC, and that the
plaintiffs had waived the requirement of the pre-trial deposit. In order to preserve its jurisdictional defense, OCC elected not to
make a substantive appearance in the Osorio Case. In 2005, the judge in the Osorio Case entered judgment against several defendants,
including OCC, for damages totaling approximately $97 million. In December 2006, the court in a second case in Nicaragua (Rios Case)
entered a judgment against several defendants, including OCC, for damages totaling approximately $800 million. While preserving its
jurisdictional defenses, OCC has appealed the judgments in the Osorio and Rios Cases. OCC has no assets in Nicaragua and, in the
opinion of management, any judgment rendered under the statute, including in the Osorio and Rios Cases, would be unenforceable in
the United States.</font></p>

<p style='margin-top:12.0pt;margin-bottom:0pt;margin-left:30px;text-align:justify;width:690;line-height:105%'><font face="arial" style='font-size:10.0pt'>Occidental
has entered into various guarantees including performance bonds, letters of credit, indemnities, commitments and other forms of
guarantees provided by Occidental to third parties, mainly to provide assurance that OPC or its subsidiaries and affiliates will
meet their various obligations (guarantees). At March 31, 2007, the notional amount of the guarantees that are subject to the
reporting requirements of FIN No. 45, &#147;Guarantor's Accounting and Disclosure Requirements for Guarantees, Including Indirect
Guarantees of Indebtedness of Others&#150;an interpretation of FASB Statements No. 5, 57, and 107 and rescission of FASB
Interpretation No. 34,&#148; was approximately $225 million, which consists of Occidental&#146;s guarantees of equity
investees&#146; debt, primarily from the Dolphin Project equity investment, and other commitments.</font></p>

<p style='margin-top:12.0pt;margin-bottom:0pt;margin-left:30px;text-align:justify;width:690;line-height:105%'><font face="arial" style='font-size:10.0pt'>It
is impossible at this time to determine the ultimate liabilities that OPC and its subsidiaries may incur resulting from any
lawsuits, claims and proceedings, audits, commitments, contingencies and related matters or the timing of these liabilities. If
these matters were to be ultimately resolved unfavorably at amounts substantially exceeding Occidental&#146;s reserves, an outcome
not currently anticipated, it is possible that such outcome could have a material adverse effect upon Occidental&#146;s consolidated
financial position or results of operations. However, after taking into account reserves, management does not expect the ultimate
resolution of any of these matters to have a material adverse effect upon Occidental&#146;s consolidated financial position or
results of operations.</font></p>

<p style='margin-top:12.0pt;margin-bottom:0pt;margin-left:30px;text-align:justify;width:690;line-height:105%'><font face="arial" style='font-size:10.0pt'>In
February 2007, Occidental resolved certain legal disputes that resulted in an after-tax gain of $109 million.</font></p>

<table border="0" cellspacing=0 cellpadding=0 width="720" style='border-collapse:collapse'>
  <tr>
    <td width="30" valign=top>
      <p style='margin-top:24.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>10.</font></p></td>
    <td width="690" valign=top>
      <p style='margin-top:24.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>Income
      Taxes</font></p></td></tr></table>

<p style='margin-top:12.0pt;margin-bottom:0pt;margin-left:30px;text-align:justify;width:690;line-height:105%'><font face="arial" style='font-size:10.0pt'>Occidental
adopted the provisions of FIN No. 48 on January 1, 2007. The following table shows the effect of adopting FIN No. 48 on the
consolidated balance sheet at January 1, 2007 (in millions):</font></p>

<table border="0" cellspacing=0 cellpadding=0 width="571" style='margin-left:30px;border-collapse:collapse'>
  <tr>
    <td width="450" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td colspan="3" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:center;line-height:105%'><font face="arial" style='font-size:10.0pt'>Debit/(Credit)</font></p></td></tr>
  <tr>
    <td width="450" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>Domestic
      and foreign income taxes &#150; Current</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;margin-left:7pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>$</font></p></td>
    <td width="72" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>140</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td></tr>
  <tr>
    <td width="450" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>Deferred
      and other domestic and foreign income taxes</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;margin-left:7pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>$</font></p></td>
    <td width="72" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>(8</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>)</font></p></td></tr>
  <tr>
    <td width="450" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>Deferred
      credits and other liabilities &#150; Other</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;margin-left:7pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>$</font></p></td>
    <td width="72" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>100</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td></tr>
  <tr>
    <td width="450" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>Minority
      interest</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;margin-left:7pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>$</font></p></td>
    <td width="72" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>(13</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>)</font></p></td></tr>
  <tr>
    <td width="450" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>Retained
      earnings</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="21" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:1.0pt;margin-bottom:0pt;margin-left:7pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>$</font></p></td>
    <td width="72" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>(219</font></p></td>
    <td width="7" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>)</font></p></td></tr></table>

<p style='margin-top:12.0pt;margin-bottom:0pt;margin-left:30px;text-align:justify;width:690;line-height:105%'><font face="arial" style='font-size:10.0pt'>After
the January 1, 2007 adoption, Occidental had liabilities for uncertain tax benefits of approximately $77 million included in
deferred credits and other liabilities &#150; other, which included approximately $61 million that, if the tax benefit were
recognized, would affect Occidental&#146;s then effective tax rate. At March 31, 2007, Occidental had liabilities for uncertain tax
benefits of approximately $94 million.</font></p>

<p style='margin-top:12.0pt;margin-bottom:0pt;margin-left:30px;text-align:justify;width:690;line-height:105%'><font face="arial" style='font-size:10.0pt'>Occidental
continues to recognize interest and penalties related to liabilities for uncertain tax benefits in the provisions for domestic and
foreign income and other taxes on the consolidated condensed statements of income. The net interest and penalties incurred were
immaterial for the three months ended March 31, 2007</font></p>

<p style='margin-top:36.0pt;margin-bottom:0pt;text-align:center;line-height:105%;width:720'><font face="arial" style='font-size:10.0pt'>10</font></p>

<p style='page-break-before:always'></p>

<page>

<p style='margin-top:0pt;margin-bottom:0pt;margin-left:30px;text-align:justify;width:690;line-height:105%'><font face="arial" style='font-size:10.0pt'>and
2006. Occidental&#146;s accrued interest and penalties were $9 million and $15 million at March 31, 2007 and December 31, 2006,
respectively.</font></p>

<p style='margin-top:12.0pt;margin-bottom:0pt;margin-left:30px;text-align:justify;width:690;line-height:105%'><font face="arial" style='font-size:10.0pt'>During
the course of its operations, Occidental is subject to audit by tax authorities for varying periods in various federal, state, local
and foreign tax jurisdictions. Taxable years prior to 2001 are generally closed for U.S. federal and state corporate income tax
purposes. Taxable years 2001 through the current year are in various stages of audit by the U.S. Internal Revenue Service. Foreign
government tax authorities are in various stages of auditing Occidental, and taxable years from 2002 through 2006 remain subject to
examination. Disputes may arise during the course of such audits as to facts and matters of law.</font></p>

<p style='margin-top:12.0pt;margin-bottom:0pt;margin-left:30px;text-align:justify;width:690;line-height:105%'><font face="arial" style='font-size:10.0pt'>It
is reasonably possible that Occidental&#146;s existing liabilities for uncertain tax benefits may increase or decrease within the
next twelve months primarily due to the progression of audits in process or the expiration of statutes of limitation. Occidental
cannot reasonably estimate a range of potential changes in such benefits due to the unresolved nature of the various
audits.</font></p>

<table border="0" cellspacing=0 cellpadding=0 width="720" style='border-collapse:collapse'>
  <tr>
    <td width="30" valign=top>
      <p style='margin-top:24.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>11.</font></p></td>
    <td width="690" valign=top>
      <p style='margin-top:24.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>Retirement
      Plans and Postretirement Benefits</font></p></td></tr></table>

<p style='margin-top:12.0pt;margin-bottom:0pt;margin-left:30px;text-align:justify;width:690;line-height:105%'><font face="arial" style='font-size:10.0pt'>The
following table sets forth the components of the net periodic benefit costs for Occidental&#146;s defined benefit pension and
postretirement benefit plans for the three months ended March 31, 2007 and 2006 (in millions):</font></p>

<table border="0" cellspacing=0 cellpadding=0 width="613" style='margin-left:30px;border-collapse:collapse'>
  <tr>
    <td width="225" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="10" valign=bottom>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td colspan="9" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:center;line-height:105%'><font face="arial" style='font-size:10.0pt'><b>2007</b></font></p></td>
    <td width="10" valign=bottom>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td colspan="9" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:center;line-height:105%'><font face="arial" style='font-size:10.0pt'><b>2006</b></font></p></td></tr>
  <tr>
    <td width="225" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>Net
      Periodic Benefit Cost</font></p></td>
    <td width="10" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td colspan="4" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:center;line-height:105%'><font face="arial" style='font-size:10.0pt'>Pension</font></p>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:center;line-height:105%'><font face="arial" style='font-size:10.0pt'>Benefit</font></p></td>
    <td width="10" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td colspan="4" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:center;line-height:105%'><font face="arial" style='font-size:10.0pt'>Postretirement</font></p>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:center;line-height:105%'><font face="arial" style='font-size:10.0pt'>Benefit</font></p></td>
    <td width="10" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td colspan="4" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:center;line-height:105%'><font face="arial" style='font-size:10.0pt'>Pension</font></p>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:center;line-height:105%'><font face="arial" style='font-size:10.0pt'>Benefit</font></p></td>
    <td width="10" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td colspan="4" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:center;line-height:105%'><font face="arial" style='font-size:10.0pt'>Postretirement</font></p>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:center;line-height:105%'><font face="arial" style='font-size:10.0pt'>Benefit</font></p></td></tr>
  <tr>
    <td width="225" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>Service
      cost</font></p></td>
    <td width="10" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="22" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>$</font></p></td>
    <td width="24" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>3</font></p></td>
    <td width="22" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="10" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="34" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>$</font></p></td>
    <td width="24" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>3</font></p></td>
    <td width="34" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="10" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="22" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>$</font></p></td>
    <td width="24" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>3</font></p></td>
    <td width="22" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="10" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="34" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>$</font></p></td>
    <td width="24" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>2</font></p></td>
    <td width="34" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td></tr>
  <tr>
    <td width="225" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>Interest
      cost</font></p></td>
    <td width="10" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="22" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="24" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>7</font></p></td>
    <td width="22" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="10" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="34" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="24" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>9</font></p></td>
    <td width="34" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="10" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="22" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="24" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>7</font></p></td>
    <td width="22" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="10" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="34" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="24" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>9</font></p></td>
    <td width="34" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td></tr>
  <tr>
    <td width="225" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>Expected
      return on plan assets</font></p></td>
    <td width="10" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="22" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="24" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>(8</font></p></td>
    <td width="22" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>)</font></p></td>
    <td width="10" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="34" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="24" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>&#151;</font></p></td>
    <td width="34" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="10" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="22" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="24" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>(8</font></p></td>
    <td width="22" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>)</font></p></td>
    <td width="10" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="34" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="24" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>&#151;</font></p></td>
    <td width="34" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td></tr>
  <tr>
    <td width="225" valign=bottom style='border-bottom:white 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>Recognized
      actuarial loss</font></p></td>
    <td width="10" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="22" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="7" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="24" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>&#151;</font></p></td>
    <td width="22" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="10" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="34" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="7" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="24" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>3</font></p></td>
    <td width="34" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="10" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="22" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="7" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="24" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>&#151;</font></p></td>
    <td width="22" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="10" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="34" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="7" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="24" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>4</font></p></td>
    <td width="34" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td></tr>
  <tr>
    <td width="225" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:0pt;margin-bottom:0pt;margin-left:.4in;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>Total</font></p></td>
    <td width="10" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="22" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="7" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>$</font></p></td>
    <td width="24" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>2</font></p></td>
    <td width="22" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="10" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="34" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="7" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>$</font></p></td>
    <td width="24" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>15</font></p></td>
    <td width="34" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="10" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="22" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="7" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>$</font></p></td>
    <td width="24" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>2</font></p></td>
    <td width="22" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="10" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="34" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="7" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>$</font></p></td>
    <td width="24" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>15</font></p></td>
    <td width="34" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td></tr></table>

<p style='margin-top:12.0pt;margin-bottom:0pt;margin-left:30px;text-align:justify;width:690;line-height:105%'><font face="arial" style='font-size:10.0pt'>Occidental
contributed $1 million to its defined benefit pension plans for the quarter ended March 31, 2007 and expects to contribute an
additional $2 million in the remainder of 2007. Occidental contributed $1 million to its defined benefit pension plans for the
quarter ended March 31, 2006.</font></p>

<table border="0" cellspacing=0 cellpadding=0 width="720" style='border-collapse:collapse'>
  <tr>
    <td width="30" valign=top>
      <p style='margin-top:24.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>12.</font></p></td>
    <td width="690" valign=top>
      <p style='margin-top:24.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>Investments
      in Unconsolidated Entities</font></p></td></tr></table>

<p style='margin-top:12.0pt;margin-bottom:0pt;margin-left:30px;text-align:justify;width:690;line-height:105%'><font face="arial" style='font-size:10.0pt'>In
February 2007, Occidental exercised all its outstanding warrants and received approximately 700,000 additional shares of Lyondell
Chemical Company common stock in lieu of cash settlement, which increased the number of shares owned by Occidental to approximately
21 million shares.</font></p>

<p style='margin-top:168.0pt;margin-bottom:0pt;text-align:center;line-height:105%;width:720'><font face="arial" style='font-size:10.0pt'>11</font></p>

<p style='page-break-before:always'></p>

<page>

<table border="0" cellspacing=0 cellpadding=0 width="720" style='border-collapse:collapse'>
  <tr>
    <td width="30" valign=top>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>13.</font></p></td>
    <td width="690" valign=top>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>Industry
      Segments</font></p></td></tr></table>

<p style='margin-top:12.0pt;margin-bottom:0pt;margin-left:30px;text-align:justify;width:690;line-height:105%'><font face="arial" style='font-size:10.0pt'>The
following table presents Occidental&#146;s interim industry segment and corporate disclosures (in millions):</font></p>

<table border="0" cellspacing=0 cellpadding=0 width="670" style='margin-left:30px;border-collapse:collapse'>
  <tr>
    <td width="250" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="28" valign=bottom>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td colspan="2" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:center;line-height:105%'><font face="arial" style='font-size:10.0pt'>Oil
      and Gas</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td colspan="2" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:center;line-height:105%'><font face="arial" style='font-size:10.0pt'>Chemical</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td colspan="2" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:center;line-height:105%'><font face="arial" style='font-size:10.0pt'>Corporate</font></p>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:center;line-height:105%'><font face="arial" style='font-size:10.0pt'>and Other</font></p></td>
    <td width="28" valign=bottom>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td colspan="2" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:center;line-height:105%'><font face="arial" style='font-size:10.0pt'>Total</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td></tr>
  <tr>
    <td width="250" valign=bottom>
      <p style='margin-top:3.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>Three
      months ended March 31, 2007</font></p></td>
    <td width="28" valign=bottom>
      <p style='margin-top:3.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="14" valign=bottom>
      <p style='margin-top:3.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="76" valign=bottom>
      <p style='margin-top:3.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:3.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="14" valign=bottom>
      <p style='margin-top:3.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="61" valign=bottom>
      <p style='margin-top:3.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:3.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="14" valign=bottom>
      <p style='margin-top:3.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="61" valign=bottom>
      <p style='margin-top:3.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="28" valign=bottom>
      <p style='margin-top:3.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="14" valign=bottom>
      <p style='margin-top:3.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="61" valign=bottom>
      <p style='margin-top:3.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:3.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td></tr>
  <tr>
    <td width="250" valign=bottom style='border-bottom:white 2.25pt double'>
      <p style='margin-top:2.0pt;margin-bottom:0pt;margin-left:15.0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>Net
      sales</font></p></td>
    <td width="28" valign=bottom>
      <p style='margin-top:2.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="14" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:2.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>$</font></p></td>
    <td width="76" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:2.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>3,009</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:2.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="14" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:2.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>$</font></p></td>
    <td width="61" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:2.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>1,060</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:2.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="14" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:2.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>$</font></p></td>
    <td width="61" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:2.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>39</font></p></td>
    <td width="28" valign=bottom>
      <p style='margin-top:2.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="14" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:2.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>$</font></p></td>
    <td width="61" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:2.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>4,108</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:2.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td></tr>
  <tr>
    <td width="250" valign=bottom>
      <p style='margin-top:2.0pt;margin-bottom:0pt;margin-left:15.0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>Pretax
      operating profit (loss)</font></p></td>
    <td width="28" valign=bottom>
      <p style='margin-top:2.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="14" valign=bottom>
      <p style='margin-top:2.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>$</font></p></td>
    <td width="76" valign=bottom>
      <p style='margin-top:2.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>2,070</font></p></td>
    <td width="21" valign=bottom style='border-bottom:white 1.5pt solid'>
      <p style='margin-top:2.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'><sup style='font-size:87%'>(c)</sup></font></p></td>
    <td width="14" valign=bottom>
      <p style='margin-top:2.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>$</font></p></td>
    <td width="61" valign=bottom>
      <p style='margin-top:2.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>137</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:2.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="14" valign=bottom>
      <p style='margin-top:2.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>$</font></p></td>
    <td width="61" valign=bottom>
      <p style='margin-top:2.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>(292</font></p></td>
    <td width="28" valign=bottom style='border-bottom:white 1.5pt solid'>
      <p style='margin-top:2.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>)<sup style='font-size:87%'>(a)(d)</sup></font></p></td>
    <td width="14" valign=bottom>
      <p style='margin-top:2.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>$</font></p></td>
    <td width="61" valign=bottom>
      <p style='margin-top:2.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>1,915</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:2.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td></tr>
  <tr>
    <td width="250" valign=bottom style='border-bottom:white 1.0pt solid'>
      <p style='margin-top:2.0pt;margin-bottom:0pt;margin-left:15.0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>Income
      taxes</font></p></td>
    <td width="28" valign=bottom>
      <p style='margin-top:2.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="14" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:2.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="76" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:2.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>-</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:2.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="14" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:2.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="61" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:2.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>-</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:2.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="14" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:2.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="61" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:2.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>(703</font></p></td>
    <td width="28" valign=bottom style='border-bottom:white 2.5pt solid'>
      <p style='margin-top:2.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>)<sup style='font-size:87%'>(b)</sup></font></p></td>
    <td width="14" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:2.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="61" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:2.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>(703</font></p></td>
    <td width="7" valign=bottom style='border-bottom:white 1.0pt solid'>
      <p style='margin-top:2.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>)</font></p></td></tr>
  <tr>
    <td width="250" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:2.0pt;margin-bottom:0pt;margin-left:15.0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>Net
      income (loss)</font></p></td>
    <td width="28" valign=bottom>
      <p style='margin-top:2.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="14" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:2.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>$</font></p></td>
    <td width="76" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:2.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>2,070</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:2.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="14" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:2.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>$</font></p></td>
    <td width="61" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:2.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>137</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:2.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="14" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:2.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>$</font></p></td>
    <td width="61" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:2.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>(995</font></p></td>
    <td width="28" valign=bottom style='border-bottom:white 2.25pt double'>
      <p style='margin-top:2.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>)</font></p></td>
    <td width="14" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:2.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>$</font></p></td>
    <td width="61" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:2.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>1,212</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:2.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td></tr>
  <tr>
    <td width="250" valign=bottom>
      <p style='margin-top:3.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>Three
      months ended March 31, 2006</font></p></td>
    <td width="28" valign=bottom>
      <p style='margin-top:3.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="14" valign=bottom>
      <p style='margin-top:3.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="76" valign=bottom>
      <p style='margin-top:3.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:3.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="14" valign=bottom>
      <p style='margin-top:3.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="61" valign=bottom>
      <p style='margin-top:3.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:3.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="14" valign=bottom>
      <p style='margin-top:3.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="61" valign=bottom>
      <p style='margin-top:3.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="28" valign=bottom>
      <p style='margin-top:3.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="14" valign=bottom>
      <p style='margin-top:3.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="61" valign=bottom>
      <p style='margin-top:3.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:3.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td></tr>
  <tr>
    <td width="250" valign=bottom style='border-bottom:white 2.25pt double'>
      <p style='margin-top:2.0pt;margin-bottom:0pt;margin-left:15.0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>Net
      sales</font></p></td>
    <td width="28" valign=bottom>
      <p style='margin-top:2.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="14" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:2.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>$</font></p></td>
    <td width="76" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:2.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>3,125</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:2.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="14" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:2.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>$</font></p></td>
    <td width="61" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:2.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>1,241</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:2.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="14" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:2.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>$</font></p></td>
    <td width="61" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:2.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>30</font></p></td>
    <td width="28" valign=bottom>
      <p style='margin-top:2.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="14" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:2.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>$</font></p></td>
    <td width="61" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:2.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>4,396</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:2.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td></tr>
  <tr>
    <td width="250" valign=bottom>
      <p style='margin-top:2.0pt;margin-bottom:0pt;margin-left:15.0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>Pretax
      operating profit (loss)</font></p></td>
    <td width="28" valign=bottom>
      <p style='margin-top:2.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="14" valign=bottom>
      <p style='margin-top:2.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>$</font></p></td>
    <td width="76" valign=bottom>
      <p style='margin-top:2.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>1,910</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:2.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="14" valign=bottom>
      <p style='margin-top:2.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>$</font></p></td>
    <td width="61" valign=bottom>
      <p style='margin-top:2.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>250</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:2.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="14" valign=bottom>
      <p style='margin-top:2.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>$</font></p></td>
    <td width="61" valign=bottom>
      <p style='margin-top:2.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>(100</font></p></td>
    <td width="28" valign=bottom style='border-bottom:white 1.5pt solid'>
      <p style='margin-top:2.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>)<sup style='font-size:87%'>(a)</sup></font></p></td>
    <td width="14" valign=bottom>
      <p style='margin-top:2.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>$</font></p></td>
    <td width="61" valign=bottom>
      <p style='margin-top:2.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>2,060</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:2.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td></tr>
  <tr>
    <td width="250" valign=bottom>
      <p style='margin-top:2.0pt;margin-bottom:0pt;margin-left:15.0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>Income
      taxes</font></p></td>
    <td width="28" valign=bottom>
      <p style='margin-top:2.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="14" valign=bottom>
      <p style='margin-top:2.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="76" valign=bottom>
      <p style='margin-top:2.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>-</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:2.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="14" valign=bottom>
      <p style='margin-top:2.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="61" valign=bottom>
      <p style='margin-top:2.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>-</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:2.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="14" valign=bottom>
      <p style='margin-top:2.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="61" valign=bottom>
      <p style='margin-top:2.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>(907</font></p></td>
    <td width="28" valign=bottom style='border-bottom:white 1.5pt solid'>
      <p style='margin-top:2.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>)<sup style='font-size:87%'>(b)</sup></font></p></td>
    <td width="14" valign=bottom>
      <p style='margin-top:2.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="61" valign=bottom>
      <p style='margin-top:2.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>(907</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:2.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>)</font></p></td></tr>
  <tr>
    <td width="250" valign=bottom style='border-bottom:white 1.0pt solid'>
      <p style='margin-top:2.0pt;margin-bottom:0pt;margin-left:15.0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>Discontinued
      operations, net</font></p></td>
    <td width="28" valign=bottom>
      <p style='margin-top:2.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="14" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:2.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="76" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:2.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>-</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:2.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="14" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:2.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="61" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:2.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>-</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:2.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="14" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:2.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="61" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:2.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>78</font></p></td>
    <td width="28" valign=bottom style='border-bottom:white 2.5pt solid'>
      <p style='margin-top:2.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;<sup style='font-size:87%'>(e)</sup></font></p></td>
    <td width="14" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:2.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="61" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:2.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>78</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:2.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td></tr>
  <tr>
    <td width="250" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:2.0pt;margin-bottom:0pt;margin-left:15.0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>Net
      income (loss)</font></p></td>
    <td width="28" valign=bottom>
      <p style='margin-top:2.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="14" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:2.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>$</font></p></td>
    <td width="76" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:2.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>1,910</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:2.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="14" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:2.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>$</font></p></td>
    <td width="61" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:2.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>250</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:2.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="14" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:2.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>$</font></p></td>
    <td width="61" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:2.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>(929</font></p></td>
    <td width="28" valign=bottom style='border-bottom:white 2.25pt double'>
      <p style='margin-top:2.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>)</font></p></td>
    <td width="14" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:2.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>$</font></p></td>
    <td width="61" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:2.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>1,231</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:2.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td></tr></table>

<table border="0" cellspacing=0 cellpadding=0 width="663" style='margin-left:30px;border-collapse:collapse'>
  <tr>
    <td width="15" valign=top>
      <p style='margin-top:3.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:8pt'>(a)</font></p></td>
    <td width="648" valign=top>
      <p style='margin-top:3.0pt;margin-bottom:0pt;text-align:justify;line-height:105%'><font face="arial" style='font-size:8pt'>Includes
      net interest expense, administration expense, environmental remediation and other pre-tax items.</font></p></td></tr>
  <tr>
    <td width="15" valign=top>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:8pt'>(b)</font></p></td>
    <td width="648" valign=top>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:justify;line-height:105%'><font face="arial" style='font-size:8pt'>Includes
      all foreign and domestic income taxes.</font></p></td></tr>
  <tr>
    <td width="15" valign=top>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:8pt'>(c)</font></p></td>
    <td width="648" valign=top>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:justify;line-height:105%'><font face="arial" style='font-size:8pt'>Includes
      an after-tax gain of $412 million from the sale of Occidental&#146;s 50-percent interest in the Russian Vanyoganneft joint
      venture and a $109 million after-tax gain from certain litigation settlements.</font></p></td></tr>
  <tr>
    <td width="15" valign=top>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:8pt'>(d)</font></p></td>
    <td width="648" valign=top>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:justify;line-height:105%'><font face="arial" style='font-size:8pt'>Includes
      a $172 million pre-tax charge for the partial repurchase of various debt issues totaling $659 million in principal amount in a
      cash tender offer and a $47 million pre-tax provision for a plant closure related to environmental
      remediation.</font></p></td></tr>
  <tr>
    <td width="15" valign=top>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:8pt'>(e)</font></p></td>
    <td width="648" valign=top>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:justify;line-height:105%'><font face="arial" style='font-size:8pt'>The
      2006 discontinued operations amount includes the after-tax results of the operations of the Vintage properties that are held
      for sale and the Ecuador Block 15 operations for the first three months of 2006.</font></p></td></tr></table>

<table border="0" cellspacing=0 cellpadding=0 width="720" style='border-collapse:collapse'>
  <tr>
    <td width="30" valign=top>
      <p style='margin-top:24.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>14.</font></p></td>
    <td width="690" valign=top>
      <p style='margin-top:24.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>Subsequent
      Events</font></p></td></tr></table>

<p style='margin-top:12.0pt;margin-bottom:0pt;margin-left:30px;text-align:justify;width:690;line-height:105%'><font face="arial" style='font-size:10.0pt'>On
April 23, 2007, Occidental announced that it will purchase BP, plc&#146;s (BP) west Texas pipeline system for cash. BP will acquire
for cash Occidental&#146;s oil and gas interests in Pakistan, which are currently operated by BP. These comparable value
transactions are expected to close in the third quarter of 2007, subject to governmental approvals. At year-end 2006,
Occidental&#146;s net proved Pakistan reserves were approximately 3 million barrels of oil (unaudited) and 68 Bcf of natural gas
(unaudited). Occidental&#146;s current average daily production from Pakistan is approximately 3,800 barrels of oil per day and 73
million cubic feet of natural gas per day. Occidental will record a gain on the sale of its Pakistan assets when the transaction is
complete.</font></p>

<p style='margin-top:12.0pt;margin-bottom:0pt;margin-left:30px;text-align:justify;width:690;line-height:105%'><font face="arial" style='font-size:10.0pt'>On
May 1, 2007, Occidental announced it will exchange assets with BP. Occidental will receive certain BP oil and gas interests in the
Permian Basin in exchange for Occidental&#146;s oil and gas interest in Horn Mountain, which is currently operated by BP. These
transactions are expected to close in the third quarter of 2007, subject to government approvals. At year-end 2006,
Occidental&#146;s net proved Horn Mountain reserves were approximately 21 million barrels of oil equivalent (BOE) (unaudited) and
production was approximately 8,000 BOE per day. Occidental will make a net cash payment of approximately $100 million to BP, subject
to adjustments, and record a gain on the disposition of its assets in this transaction.</font></p>

<p style='margin-top:12.0pt;margin-bottom:0pt;margin-left:30px;text-align:justify;width:690;line-height:105%'><font face="arial" style='font-size:10.0pt'>On
May 1, 2007, Occidental redeemed all $276 million of the outstanding principal amount of its 8.25-percent Vintage Petroleum, LLC
senior notes due 2012.</font></p>

<p style='margin-top:36.0pt;margin-bottom:0pt;text-align:center;line-height:105%;width:720'><font face="arial" style='font-size:10.0pt'>12</font></p>

<p style='page-break-before:always'></p>

<page>

<p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%;width:720'><font face="arial" style='font-size:10.0pt'><b>Item
2.&nbsp;&nbsp;Management&#146;s Discussion and Analysis of Financial Condition and Results of Operations</b></font></p>

<p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;line-height:105%;width:720'><font face="arial" style='font-size:10.0pt'><b>Consolidated
Results of Operations</b></font></p>

<p style='margin-top:12.0pt;margin-bottom:0pt;text-align:justify;width:720;line-height:105%'><font face="arial" style='font-size:10.0pt'>Occidental
(which means Occidental Petroleum Corporation (OPC) and/or one or more entities in which it owns a majority voting interest)
reported net income for the first three months of 2007 of $1.21 billion, on net sales of $4.1 billion, compared with net income of
$1.23 billion, on net sales of $4.4 billion for the same period of 2006. Diluted earnings per common share were $1.43 for the first
three months of 2007 and 2006.</font></p>

<p style='margin-top:12.0pt;margin-bottom:0pt;text-align:justify;width:720;line-height:105%'><font face="arial" style='font-size:10.0pt'>Net
income for the first three months of 2007 included an after-tax gain of $412 million from the sale of Occidental&#146;s 50-percent
interest in the Russian Vanyoganneft joint venture, a $109 million after-tax gain from certain litigation settlements, a $172
million pre-tax interest charge for the partial repurchase of various debt issues totaling $659 million in principal amount in a
cash tender offer and a $47 million pre-tax provision for a plant closure related to environmental remediation. The decrease in net
income for the first three months of 2007, compared to the same period in 2006, reflected lower crude oil and natural gas prices,
increased DD&amp;A rates, higher oil and gas production costs and lower chemical prices and margins, partially offset by higher
crude oil production and lower chemical feedstock costs.</font></p>

<p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;line-height:105%;width:720'><font face="arial" style='font-size:10.0pt'><b><i>Selected
Income Statement Items</i></b></font></p>

<p style='margin-top:12.0pt;margin-bottom:0pt;text-align:justify;width:720;line-height:105%'><font face="arial" style='font-size:10.0pt'>The
decrease in net sales of $288 million for the three months ended March 31, 2007, compared with the same period in 2006, reflected
lower crude oil, natural gas and chemical prices, partially offset by higher crude oil production. The increase in interest,
dividends and other income of $130 million for the three months ended March 31, 2007, compared with the same period in 2006,
reflected a $109 million after-tax gain from certain litigation settlements. The increase in gains on disposition of assets of $409
million for the three months ended March 31, 2007, compared with the same period in 2006, reflected an after-tax gain of $412
million from the sale of Occidental&#146;s 50-percent interest in the Russian Vanyoganneft joint venture.</font></p>

<p style='margin-top:12.0pt;margin-bottom:0pt;text-align:justify;width:720;line-height:105%'><font face="arial" style='font-size:10.0pt'>The
increase in cost of sales of $143 million for the three months ended March 31, 2007, compared with the same period in 2006,
reflected higher DD&amp;A expense, higher oil and gas production costs and higher maintenance and utilities costs. Plant closure
pre-tax charges of $47 million are included in environmental remediation expenses for the three months ended March 31, 2007. The
increase in exploration expense of $31 million for the three months ended March 31, 2007, compared to the same period in 2006, was
due to increases in the Colombia and Middle East/North Africa exploration programs.  Interest and debt expense for the three months
ended March 31, 2007 included a $172 million pre-tax charge for the partial repurchase of various debt issues totaling $659 million
in principal amount in a cash tender offer.</font></p>

<p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;line-height:105%;width:720'><font face="arial" style='font-size:10.0pt'><b><i>Selected
Analysis of Financial Position</i></b></font></p>

<p style='margin-top:12.0pt;margin-bottom:0pt;text-align:justify;width:720;line-height:105%'><font face="arial" style='font-size:10.0pt'>The
increase in receivables, net of $447 million at March 31, 2007, compared with December 31, 2006, was due to higher crude oil
production volumes and higher sales volumes in the marketing and trading operations partially offset by decreases in derivative
mark-to-market adjustments. The decrease in inventories of $87 million at March 31, 2007, compared with December 31, 2006, was due
to lower gas storage inventories in the marketing and trading operations at the end of the first quarter of 2007. The increase in
investments in unconsolidated entities of $39 million at March 31, 2007, compared to December 31, 2006, was due to the
mark-to-market adjustments on the available-for-sale Lyondell investment, partially offset by the sale of the 50-percent interest in
the Russian Vanyoganneft joint venture.</font></p>

<p style='margin-top:12.0pt;margin-bottom:0pt;text-align:justify;width:720;line-height:105%'><font face="arial" style='font-size:10.0pt'>The
increase of $278 million in current maturities of long-term debt and capital lease liabilities at March 31, 2007, compared to
December 31, 2006, was due to the 8.25% Vintage Petroleum, LLC (Vintage) notes, which were reclassified from long-term to current
because they were redeemed in May 2007. The increase of $477 million in accounts payable at March 31, 2007, compared to December 31,
2006, was mainly due to higher volumes in the marketing and trading operations. The decrease in accrued liabilities of $270 million
at March 31, 2007, compared to December 31, 2006, was due to the first quarter 2007 payments for incentive compensation, accrued
interest</font></p>

<p style='margin-top:36.0pt;margin-bottom:0pt;text-align:center;line-height:105%;width:720'><font face="arial" style='font-size:10.0pt'>13</font></p>

<p style='page-break-before:always'></p>

<page>

<p style='margin-top:0pt;margin-bottom:0pt;text-align:justify;width:720;line-height:105%'><font face="arial" style='font-size:10.0pt'>and
ad valorem taxes and lower mark-to-market adjustments on derivative instruments. The increase in domestic and foreign income taxes
payable-current of $91 million at March 31, 2007, compared to December 31, 2006, was due to the first payment for estimated federal
and state 2007 income taxes which were not made until due in April 2007. The decrease in long-term debt of $928 million at March 31,
2007, compared to December 31, 2006, was due to the January 2007 debt repurchases under the cash tender offer and the
reclassification of the Vintage notes from long-term to current. The decrease in deferred credits and other liabilities &#150; other
of $140 million at March 31, 2007, compared to December 31, 2006, was due to the reversal of liabilities for uncertain tax benefits
as a result of the FIN No. 48 adoption. The increase in the contra-equity treasury stock account of $321 million at March 31, 2007,
compared with December 31, 2006, was due to the repurchase of approximately 7 million shares of stock in the first quarter of
2007.</font></p>

<p style='margin-top:24.0pt;margin-bottom:0pt;text-align:left;line-height:105%;width:720'><font face="arial" style='font-size:10.0pt'><b>Segment
Operations</b></font></p>

<p style='margin-top:12.0pt;margin-bottom:0pt;text-align:justify;width:720;line-height:105%'><font face="arial" style='font-size:10.0pt'>The
following table sets forth the sales and earnings of each industry segment and unallocated corporate items for the three months
ended March 31, 2007 and 2006 (in millions):</font></p>

<table border="0" cellspacing=0 cellpadding=0 width="493" style='border-collapse:collapse'>
  <tr>
    <td width="290" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:6.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="28" valign=bottom>
      <p style='margin-top:6.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="14" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:6.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="56" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:6.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>2007</font></p></td>
    <td width="28" valign=bottom>
      <p style='margin-top:6.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="14" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:6.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="56" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:6.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>2006</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:6.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td></tr>
  <tr>
    <td width="290" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'><b>Net
      Sales</b></font></p></td>
    <td width="28" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="14" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="56" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="28" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="14" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="56" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td></tr>
  <tr>
    <td width="290" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;margin-left:3.0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>Oil
      and gas</font></p></td>
    <td width="28" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="14" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>$</font></p></td>
    <td width="56" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>3,009</font></p></td>
    <td width="28" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="14" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>$</font></p></td>
    <td width="56" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>3,125</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td></tr>
  <tr>
    <td width="290" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;margin-left:3.0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>Chemical</font></p></td>
    <td width="28" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="14" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="56" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>1,060</font></p></td>
    <td width="28" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="14" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="56" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>1,241</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td></tr>
  <tr>
    <td width="290" valign=bottom style='border-bottom:white 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;margin-left:3.0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>Other</font></p></td>
    <td width="28" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="14" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="56" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>39</font></p></td>
    <td width="28" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="14" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="56" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>30</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td></tr>
  <tr>
    <td width="290" valign=bottom style='border-bottom:white 2.25pt double'>
      <p style='margin-top:6.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'><b>Net
      Sales</b></font></p></td>
    <td width="28" valign=bottom>
      <p style='margin-top:6.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="14" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:6.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>$</font></p></td>
    <td width="56" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:6.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>4,108</font></p></td>
    <td width="28" valign=bottom>
      <p style='margin-top:6.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="14" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:6.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>$</font></p></td>
    <td width="56" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:6.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>4,396</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:6.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td></tr>
  <tr>
    <td width="290" valign=bottom>
      <p style='margin-top:3.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'><b>Segment
      Earnings</b></font></p></td>
    <td width="28" valign=bottom>
      <p style='margin-top:3.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="14" valign=bottom>
      <p style='margin-top:3.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="56" valign=bottom>
      <p style='margin-top:3.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="28" valign=bottom>
      <p style='margin-top:3.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="14" valign=bottom>
      <p style='margin-top:3.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="56" valign=bottom>
      <p style='margin-top:3.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:3.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td></tr>
  <tr>
    <td width="290" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;margin-left:3.0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>Oil
      and gas</font></p></td>
    <td width="28" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="14" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>$</font></p></td>
    <td width="56" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>2,070</font></p></td>
    <td width="28" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="14" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>$</font></p></td>
    <td width="56" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>1,910</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td></tr>
  <tr>
    <td width="290" valign=bottom style='border-bottom:white 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;margin-left:3.0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>Chemical</font></p></td>
    <td width="28" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="14" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="56" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>137</font></p></td>
    <td width="28" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="14" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="56" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>250</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td></tr>
  <tr>
    <td width="290" valign=bottom>
      <p style='margin-top:3.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="28" valign=bottom>
      <p style='margin-top:3.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="14" valign=bottom>
      <p style='margin-top:3.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="56" valign=bottom>
      <p style='margin-top:3.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>2,207</font></p></td>
    <td width="28" valign=bottom>
      <p style='margin-top:3.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="14" valign=bottom>
      <p style='margin-top:3.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="56" valign=bottom>
      <p style='margin-top:3.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>2,160</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:3.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td></tr>
  <tr>
    <td width="290" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'><b>Unallocated Corporate
      Items</b></font></p></td>
    <td width="28" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="14" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="56" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="28" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="14" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="56" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td></tr>
  <tr>
    <td width="290" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;margin-left:3.0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>Interest
      expense, net <sup style='vertical-align:text-top;font-size:90%'>(a)</sup></font></p></td>
    <td width="28" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="14" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="56" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>(181</font></p></td>
    <td width="28" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>)</font></p></td>
    <td width="14" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="56" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>(29</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>)</font></p></td></tr>
  <tr>
    <td width="290" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;margin-left:3.0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>Income
      taxes</font></p></td>
    <td width="28" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="14" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="56" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>(703</font></p></td>
    <td width="28" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>)</font></p></td>
    <td width="14" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="56" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>(907</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>)</font></p></td></tr>
  <tr>
    <td width="290" valign=bottom style='border-bottom:white 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;margin-left:3.0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>Other</font></p></td>
    <td width="28" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="14" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="56" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>(111</font></p></td>
    <td width="28" valign=bottom style='border-bottom:white 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>)</font></p></td>
    <td width="14" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="56" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>(71</font></p></td>
    <td width="7" valign=bottom style='border-bottom:white 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>)</font></p></td></tr>
  <tr>
    <td width="290" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'><b>Income
      from Continuing Operations</b></font></p></td>
    <td width="28" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="14" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="56" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>1,212</font></p></td>
    <td width="28" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="14" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="56" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>1,153</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td></tr>
  <tr>
    <td width="290" valign=bottom style='border-bottom:white 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>Discontinued
      operations, net of tax <sup style='vertical-align:text-top;font-size:90%'>(b)</sup></font></p></td>
    <td width="28" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="14" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="56" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>&#151;</font></p></td>
    <td width="28" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="14" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="56" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>78</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td></tr>
  <tr>
    <td width="290" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:6.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'><b>Net
      Income</b></font></p></td>
    <td width="28" valign=bottom>
      <p style='margin-top:6.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="14" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:6.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>$</font></p></td>
    <td width="56" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:6.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>1,212</font></p></td>
    <td width="28" valign=bottom>
      <p style='margin-top:6.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="14" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:6.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>$</font></p></td>
    <td width="56" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:6.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>1,231</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:6.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td></tr></table>

<table border="0" cellspacing=0 cellpadding=0 width="670" style='border-collapse:collapse'>
  <tr>
    <td width="20" valign=top>
      <p style='margin-top:3.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:8pt'>(a)</font></p></td>
    <td width="650" valign=top>
      <p style='margin-top:3.0pt;margin-bottom:0pt;text-align:justify;line-height:105%'><font face="arial" style='font-size:8pt'>The
      first quarter of 2007 includes a pre-tax interest charge of $172 million for the repurchase of a portion of various debt
      issues totaling $659 million in principal amount in a cash tender offer.</font></p></td></tr>
  <tr>
    <td width="20" valign=top>
      <p style='margin-top:3.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:8pt'>(b)</font></p></td>
    <td width="650" valign=top>
      <p style='margin-top:3.0pt;margin-bottom:0pt;text-align:justify;line-height:105%'><font face="arial" style='font-size:8pt'>The
      2006 discontinued operations amount includes the after-tax results of the operations of the Vintage properties that are held
      for sale and the Ecuador Block 15 operations for the first three months of 2006.</font></p></td></tr></table>

<p style='margin-top:180.0pt;margin-bottom:0pt;text-align:center;line-height:105%;width:720'><font face="arial" style='font-size:10.0pt'>14</font></p>

<p style='page-break-before:always'></p>

<page>

<p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%;width:720'><font face="arial" style='font-size:10.0pt'><b><i>Significant
Items Affecting Earnings</i></b></font></p>

<p style='margin-top:12.0pt;margin-bottom:0pt;text-align:justify;line-height:105%;width:720'><font face="arial" style='font-size:10.0pt'>The
following table sets forth the effects of significant transactions and events affecting Occidental&#146;s earnings that vary widely
and unpredictably in nature, timing and amount for the three months ended March 31, 2007 and 2006 (in millions):</font></p>

<table border="0" cellspacing=0 cellpadding=0 width="511" style='border-collapse:collapse'>
  <tr>
    <td width="325" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="14" valign=bottom>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="10" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="45" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>2007</font></p></td>
    <td width="55" valign=bottom>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="10" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="45" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>2006</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td></tr>
  <tr>
    <td width="325" valign=bottom>
      <p style='margin-top:6.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'><b><u>Oil
      and Gas</u></b></font></p></td>
    <td width="14" valign=bottom>
      <p style='margin-top:6.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="10" valign=bottom>
      <p style='margin-top:6.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="45" valign=bottom>
      <p style='margin-top:6.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="55" valign=bottom>
      <p style='margin-top:6.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="10" valign=bottom>
      <p style='margin-top:6.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="45" valign=bottom>
      <p style='margin-top:6.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:6.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td></tr>
  <tr>
    <td width="325" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>Russia
      &#151; Vanyoganneft sale*</font></p></td>
    <td width="14" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="10" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>$</font></p></td>
    <td width="45" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>412</font></p></td>
    <td width="55" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="10" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>$</font></p></td>
    <td width="45" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>&#151;</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td></tr>
  <tr>
    <td width="325" valign=bottom style='border-bottom:white 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>Legal
      settlements *</font></p></td>
    <td width="14" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="10" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="45" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>109</font></p></td>
    <td width="55" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="10" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="45" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>&#151;</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td></tr>
  <tr>
    <td width="325" valign=bottom style='border-bottom:white 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>Total
      Oil and Gas</font></p></td>
    <td width="14" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="10" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>$</font></p></td>
    <td width="45" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>521</font></p></td>
    <td width="55" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="10" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>$</font></p></td>
    <td width="45" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>&#151;</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td></tr>
  <tr>
    <td width="325" valign=bottom>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'><b><u>Chemical</u></b></font></p></td>
    <td width="14" valign=bottom>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="10" valign=bottom>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="45" valign=bottom>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="55" valign=bottom>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="10" valign=bottom>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="45" valign=bottom>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td></tr>
  <tr>
    <td width="325" valign=bottom style='border-bottom:white 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>No
      Significant Items Affecting Earnings</font></p></td>
    <td width="14" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="10" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>$</font></p></td>
    <td width="45" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>&#151;</font></p></td>
    <td width="55" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="10" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>$</font></p></td>
    <td width="45" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>&#151;</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td></tr>
  <tr>
    <td width="325" valign=bottom style='border-bottom:white 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>Total
      Chemical</font></p></td>
    <td width="14" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="10" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>$</font></p></td>
    <td width="45" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>&#151;</font></p></td>
    <td width="55" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="10" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>$</font></p></td>
    <td width="45" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>&#151;</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td></tr>
  <tr>
    <td width="325" valign=bottom>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'><b><u>Corporate
      and Other</u></b></font></p></td>
    <td width="14" valign=bottom>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="10" valign=bottom>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="45" valign=bottom>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="55" valign=bottom>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="10" valign=bottom>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="45" valign=bottom>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td></tr>
  <tr>
    <td width="325" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>Debt
      purchase expense</font></p></td>
    <td width="14" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="10" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>$</font></p></td>
    <td width="45" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>(172</font></p></td>
    <td width="14" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>)</font></p></td>
    <td width="10" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>$</font></p></td>
    <td width="45" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>&#151;</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td></tr>
  <tr>
    <td width="325" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>Facility
      closure</font></p></td>
    <td width="14" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="10" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="45" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>(47</font></p></td>
    <td width="14" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>)</font></p></td>
    <td width="10" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="45" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>&#151;</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td></tr>
  <tr>
    <td width="325" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>Tax
      effect of pre-tax adjustments</font></p></td>
    <td width="14" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="10" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="45" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>79</font></p></td>
    <td width="55" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="10" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="45" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>&#151;</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td></tr>
  <tr>
    <td width="325" valign=bottom style='border-bottom:white 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>Discontinued
      operations, net</font></p></td>
    <td width="14" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="10" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="45" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>&#151;</font></p></td>
    <td width="55" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="10" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="45" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>78</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td></tr>
  <tr>
    <td width="325" valign=bottom style='border-bottom:white 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>Total
      Corporate and other</font></p></td>
    <td width="14" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="10" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>$</font></p></td>
    <td width="45" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>(140</font></p></td>
    <td width="14" valign=bottom style='border-bottom:white 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>)</font></p></td>
    <td width="10" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>$</font></p></td>
    <td width="45" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>78</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td></tr>
  <tr>
    <td width="325" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="14" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="10" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="45" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="14" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="10" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="45" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td></tr>
  <tr>
    <td width="325" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'><b>Total</b></font></p></td>
    <td width="14" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="10" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>$</font></p></td>
    <td width="45" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>381</font></p></td>
    <td width="55" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="10" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>$</font></p></td>
    <td width="45" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>78</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td></tr></table>

<p style='margin-top:3.0pt;margin-bottom:0pt;text-align:left;line-height:105%;width:720'><font face="arial" style='font-size:8.0pt'>*
Amounts shown after tax.</font></p>

<p style='margin-top:24.0pt;margin-bottom:0pt;text-align:left;line-height:105%;width:720'><font face="arial" style='font-size:10.0pt'><b><i>Worldwide
Effective Tax Rate</i></b></font></p>

<p style='margin-top:12.0pt;margin-bottom:0pt;text-align:justify;line-height:105%;width:720'><font face="arial" style='font-size:10.0pt'>The
following table sets forth the calculation of the worldwide effective tax rate for income from continuing operations for the three
months ended March 31, 2007 and 2006 (in millions):</font></p>

<table border="0" cellspacing=0 cellpadding=0 width="511" style='border-collapse:collapse'>
  <tr>
    <td width="273" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="55" valign=bottom>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="10" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="45" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>2007</font></p></td>
    <td width="55" valign=bottom>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="10" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="45" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>2006</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td></tr>
  <tr>
    <td width="273" valign=bottom>
      <p style='margin-top:12.0pt;margin-bottom:0pt;margin-left:8px;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>Oil
      &amp; Gas earnings <sup style='vertical-align:text-top;font-size:90%'>(a)</sup></font></p></td>
    <td width="55" valign=bottom>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="10" valign=bottom>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>$</font></p></td>
    <td width="45" valign=bottom>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>2,070</font></p></td>
    <td width="55" valign=bottom>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="10" valign=bottom>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>$</font></p></td>
    <td width="45" valign=bottom>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>1,910</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td></tr>
  <tr>
    <td width="273" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;margin-left:8px;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>Chemical
      earnings</font></p></td>
    <td width="55" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="10" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="45" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>137</font></p></td>
    <td width="55" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="10" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="45" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>250</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td></tr>
  <tr>
    <td width="273" valign=bottom style='border-bottom:white 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;margin-left:8px;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>Unallocated
      corporate &amp; other items</font></p></td>
    <td width="55" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="10" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="45" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>(292</font></p></td>
    <td width="55" valign=bottom style='border-bottom:white 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>)</font></p></td>
    <td width="10" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="45" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>(100</font></p></td>
    <td width="7" valign=bottom style='border-bottom:white 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>)</font></p></td></tr>
  <tr>
    <td width="273" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;margin-left:24px;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>Pre-tax
      income</font></p></td>
    <td width="55" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="10" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="45" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>1,915</font></p></td>
    <td width="55" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="10" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="45" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>2,060</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td></tr>
  <tr>
    <td width="273" valign=bottom>
      <p style='margin-top:12.0pt;margin-bottom:0pt;margin-left:8px;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>Income
      tax expense</font></p></td>
    <td width="55" valign=bottom>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="10" valign=bottom>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="45" valign=bottom>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="55" valign=bottom>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="10" valign=bottom>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="45" valign=bottom>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td></tr>
  <tr>
    <td width="273" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;margin-left:24px;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>Federal
      and state</font></p></td>
    <td width="55" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="10" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="45" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>281</font></p></td>
    <td width="55" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="10" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="45" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>461</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td></tr>
  <tr>
    <td width="273" valign=bottom style='border-bottom:white 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;margin-left:24px;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>Foreign
      <sup style='vertical-align:text-top;font-size:90%'>(a)</sup></font></p></td>
    <td width="55" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="10" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="45" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>422</font></p></td>
    <td width="55" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="10" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="45" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>446</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td></tr>
  <tr>
    <td width="273" valign=bottom style='border-bottom:white 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;margin-left:8px;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>Total</font></p></td>
    <td width="55" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="10" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="45" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>703</font></p></td>
    <td width="55" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="10" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="45" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>907</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td></tr>
  <tr>
    <td width="273" valign=bottom style='border-bottom:white 2.25pt double'>
      <p style='margin-top:12.0pt;margin-bottom:0pt;margin-left:8px;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>Income
      from continuing operations</font></p></td>
    <td width="55" valign=bottom>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="10" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>$</font></p></td>
    <td width="45" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>1,212</font></p></td>
    <td width="55" valign=bottom>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="10" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>$</font></p></td>
    <td width="45" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>1,153</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td></tr>
  <tr>
    <td width="273" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:12.0pt;margin-bottom:0pt;margin-left:8px;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>Worldwide
      effective tax rate</font></p></td>
    <td width="55" valign=bottom>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td colspan="2" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>37%</font></p></td>
    <td width="55" valign=bottom>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td colspan="2" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>44%</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td></tr></table>

<table border="0" cellspacing=0 cellpadding=0 width="670" style='border-collapse:collapse'>
  <tr>
    <td width="20" valign=top>
      <p style='margin-top:3.0pt;margin-bottom:0pt;text-align:left;line-height:90%'><font face="arial" style='font-size:7.0pt'>(a)</font></p></td>
    <td width="650" valign=top>
      <p style='margin-top:3.0pt;margin-bottom:0pt;text-align:justify;line-height:90%'><font face="arial" style='font-size:7.0pt'>Revenues
      and income tax expense include taxes owed by Occidental but paid by governmental entities on its behalf. Oil and gas pre-tax
      income includes revenue amounts by period (in millions): first quarter 2007&#150;$288, and first quarter
      2006&#150;$290.</font></p></td></tr></table>

<p style='margin-top:42.0pt;margin-bottom:0pt;text-align:center;line-height:105%;width:720'><font face="arial" style='font-size:10.0pt'>15</font></p>

<p style='page-break-before:always'></p>

<page>

<p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%;width:720'><font face="arial" style='font-size:10.0pt'><b><i>Oil
and Gas Segment</i></b></font></p>

<table border="0" cellspacing=0 cellpadding=0 width="501" style='border-collapse:collapse'>
  <tr>
    <td width="305" valign=bottom>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="28" valign=bottom>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td colspan="5" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>Three
      Months Ended</font></p>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>March
      31</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td></tr>
  <tr>
    <td width="305" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>Summary
      of Operating Statistics</font></p></td>
    <td width="28" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="15" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
     <td width="55" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>2007</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="15" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
     <td width="55" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>2006</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td></tr>
  <tr>
    <td width="305" valign=bottom>
      <p style='margin-top:6.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'><b>Net
      Production per Day:</b></font></p></td>
    <td width="28" valign=bottom>
      <p style='margin-top:6.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="15" valign=bottom>
      <p style='margin-top:6.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="55" valign=bottom>
      <p style='margin-top:6.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:6.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="15" valign=bottom>
      <p style='margin-top:6.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="55" valign=bottom>
      <p style='margin-top:6.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:6.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td></tr>
  <tr>
    <td width="305" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;margin-left:.25in;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'><b>Crude
      Oil and Natural Gas Liquids (MBL)</b></font></p></td>
    <td width="28" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="15" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="55" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="15" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="55" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td></tr>
  <tr>
    <td width="305" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;margin-left:27.0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>United
      States</font></p></td>
    <td width="28" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="15" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="55" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>264</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="15" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="55" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>266</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td></tr>
  <tr>
    <td width="305" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;margin-left:27.0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>Latin
      America</font></p></td>
    <td width="28" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="15" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="55" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>75</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="15" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="55" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>63</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td></tr>
  <tr>
    <td width="305" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;margin-left:27.0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>Middle
      East/North Africa</font></p></td>
    <td width="28" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="15" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="55" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>126</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="15" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="55" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>115</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td></tr>
  <tr>
    <td width="305" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;margin-left:27.0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>Other
      Eastern Hemisphere</font></p></td>
    <td width="28" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="15" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="55" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>4</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="15" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="55" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>4</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td></tr>
  <tr>
    <td width="305" valign=bottom>
      <p style='margin-top:12.0pt;margin-bottom:0pt;margin-left:.25in;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'><b>Natural
      Gas (MMCF)</b></font></p></td>
    <td width="28" valign=bottom>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="15" valign=bottom>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="55" valign=bottom>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="15" valign=bottom>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="55" valign=bottom>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td></tr>
  <tr>
    <td width="305" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;margin-left:27.0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>United
      States</font></p></td>
    <td width="28" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="15" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="55" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>585</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="15" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="55" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>582</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td></tr>
  <tr>
    <td width="305" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;margin-left:27.0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>Latin
      America</font></p></td>
    <td width="28" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="15" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="55" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>35</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="15" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="55" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>26</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td></tr>
  <tr>
    <td width="305" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;margin-left:27.0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>Middle
      East</font></p></td>
    <td width="28" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="15" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="55" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>26</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="15" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="55" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>25</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td></tr>
  <tr>
    <td width="305" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;margin-left:27.0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>Other
      Eastern Hemisphere</font></p></td>
    <td width="28" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="15" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="55" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>73</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="15" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="55" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>75</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td></tr>
  <tr>
    <td width="305" valign=bottom>
      <p style='margin-top:6.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'><b>Barrels
      of Oil Equivalent (MBOE) per day</b> <sup style='vertical-align:text-top;font-size:90%'>(a)</sup></font></p></td>
    <td width="28" valign=bottom>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="15" valign=bottom>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="55" valign=bottom>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="15" valign=bottom>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="55" valign=bottom>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td></tr>
  <tr>
    <td width="305" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;margin-left:.25in;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>Consolidated
      subsidiaries</font></p></td>
    <td width="28" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="15" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="55" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>589</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="15" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="55" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>566</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td></tr>
  <tr>
    <td width="305" valign=bottom style='border-bottom:white 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;margin-left:.25in;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>Other
      interests</font></p></td>
    <td width="28" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="15" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="55" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>(2</font></p></td>
    <td width="21" valign=bottom style='border-bottom:white 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>)</font></p></td>
    <td width="15" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="55" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>(3</font></p></td>
    <td width="7" valign=bottom style='border-bottom:white 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>)</font></p></td></tr>
  <tr>
    <td width="305" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:0pt;margin-bottom:0pt;margin-left:.25in;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>Worldwide
      production <sup style='vertical-align:text-top;font-size:90%'>(b)</sup></font></p></td>
    <td width="28" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="15" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="55" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>587</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="15" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="55" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>563</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td></tr>
  <tr>
    <td width="305" valign=bottom>
      <p style='margin-top:6.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'><b>Average
      Sales Price:</b></font></p></td>
    <td width="28" valign=bottom>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="15" valign=bottom>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="55" valign=bottom>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="15" valign=bottom>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="55" valign=bottom>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td></tr>
  <tr>
    <td width="305" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;margin-left:.25in;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'><b>Crude
      Oil ($/BBL)</b></font></p></td>
    <td width="28" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="15" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="55" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="15" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="55" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td></tr>
  <tr>
    <td width="305" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;margin-left:27.0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>United
      States</font></p></td>
    <td width="28" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="15" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>$</font></p></td>
    <td width="55" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>52.17</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="15" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>$</font></p></td>
    <td width="55" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>55.25</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td></tr>
  <tr>
    <td width="305" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;margin-left:27.0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>Latin
      America</font></p></td>
    <td width="28" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="15" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>$</font></p></td>
    <td width="55" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>45.71</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="15" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>$</font></p></td>
    <td width="55" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>51.82</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td></tr>
  <tr>
    <td width="305" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;margin-left:27.0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>Middle
      East/North Africa</font></p></td>
    <td width="28" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="15" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>$</font></p></td>
    <td width="55" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>55.31</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="15" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>$</font></p></td>
    <td width="55" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>57.94</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td></tr>
  <tr>
    <td width="305" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;margin-left:27.0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>Other
      Eastern Hemisphere</font></p></td>
    <td width="28" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="15" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>$</font></p></td>
    <td width="55" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>49.67</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="15" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>$</font></p></td>
    <td width="55" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>50.63</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td></tr>
  <tr>
    <td width="305" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;margin-left:27.0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>Total
      consolidated subsidiaries</font></p></td>
    <td width="28" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="15" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>$</font></p></td>
    <td width="55" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>51.79</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="15" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>$</font></p></td>
    <td width="55" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>55.35</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td></tr>
  <tr>
    <td width="305" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;margin-left:27.0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>Other
      interests</font></p></td>
    <td width="28" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="15" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>$</font></p></td>
    <td width="55" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>55.12</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="15" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>$</font></p></td>
    <td width="55" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>61.14</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td></tr>
  <tr>
    <td width="305" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;margin-left:27.0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>Total
      Worldwide <sup style='vertical-align:text-top;font-size:90%'>(b)</sup></font></p></td>
    <td width="28" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="15" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>$</font></p></td>
    <td width="55" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>51.78</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="15" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>$</font></p></td>
    <td width="55" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>55.38</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td></tr>
  <tr>
    <td width="305" valign=bottom>
      <p style='margin-top:12.0pt;margin-bottom:0pt;margin-left:.25in;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'><b>Natural
      Gas ($/MCF)</b></font></p></td>
    <td width="28" valign=bottom>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="15" valign=bottom>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="55" valign=bottom>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="15" valign=bottom>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="55" valign=bottom>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td></tr>
  <tr>
    <td width="305" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;margin-left:27.0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>United
      States</font></p></td>
    <td width="28" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="15" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>$</font></p></td>
    <td width="55" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>6.38</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="15" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>$</font></p></td>
    <td width="55" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>8.36</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td></tr>
  <tr>
    <td width="305" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;margin-left:27.0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>Latin
      America</font></p></td>
    <td width="28" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="15" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>$</font></p></td>
    <td width="55" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>1.94</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="15" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>$</font></p></td>
    <td width="55" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>1.76</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td></tr>
  <tr>
    <td width="305" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;margin-left:27.0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>Middle
      East</font></p></td>
    <td width="28" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="15" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>$</font></p></td>
    <td width="55" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>0.97</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="15" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>$</font></p></td>
    <td width="55" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>0.97</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td></tr>
  <tr>
    <td width="305" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;margin-left:27.0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>Other
      Eastern Hemisphere</font></p></td>
    <td width="28" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="15" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>$</font></p></td>
    <td width="55" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>2.95</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="15" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>$</font></p></td>
    <td width="55" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>2.85</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td></tr>
  <tr>
    <td width="305" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:0pt;margin-bottom:0pt;margin-left:27.0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>Total
      Worldwide</font></p></td>
    <td width="28" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="15" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>$</font></p></td>
    <td width="55" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>5.59</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="15" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>$</font></p></td>
    <td width="55" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>7.20</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td></tr></table>

<table border="0" cellspacing=0 cellpadding=0 width="693" style='border-collapse:collapse'>
  <tr>
    <td width="25" valign=top>
      <p style='margin-top:3pt;margin-bottom:0pt;text-align:left;line-height:95%'><font face="arial" style='font-size:8pt'>(a)</font></p></td>
    <td width="688" valign=top>
      <p style='margin-top:3pt;margin-bottom:0pt;text-align:justify;line-height:95%'><font face="arial narrow,arial" style='font-size:8pt'>Natural
      gas volumes have been converted to equivalent BOE based on energy content of 6,000 cubic feet (one thousand cubic feet is
      referred to as a "Mcf") of gas to one barrel of oil.</font></p></td></tr>
  <tr>
    <td width="25" valign=top>
      <p style='margin-top:3pt;margin-bottom:0pt;text-align:left;line-height:95%'><font face="arial" style='font-size:8pt'>(b)</font></p></td>
    <td width="688" valign=top>
      <p style='margin-top:3pt;margin-bottom:0pt;text-align:justify;line-height:95%'><font face="arial narrow,arial" style='font-size:8pt'>Occidental
      sold its interest in the Russian Vanyoganneft joint venture in January 2007. Vanyoganneft production has been excluded from
      both periods for comparability.</font></p></td></tr></table>

<p style='margin-top:12.0pt;margin-bottom:0pt;text-align:justify;line-height:105%;width:720'><font face="arial" style='font-size:10.0pt'>Oil
and gas segment earnings for the three months ended March 31, 2007 were $2.1 billion compared with $1.9 billion of segment earnings
for the same period in 2006. The increase in oil and gas segment earnings for the three months ended March 31, 2007, compared to the
same period in 2006, reflected higher crude oil production, an after-tax gain of $412 million from the sale of the Russian
Vanyoganneft joint venture and an after-tax gain of $109 million from certain litigation settlements, which was partially offset by
lower crude oil and natural gas prices, increased DD&amp;A rates and higher operating expenses.</font></p>

<p style='margin-top:36.0pt;margin-bottom:0pt;text-align:center;line-height:105%;width:720'><font face="arial" style='font-size:10.0pt'>16</font></p>

<p style='page-break-before:always'></p>

<page>

<p style='margin-top:0pt;margin-bottom:0pt;text-align:justify;line-height:105%;width:720'><font face="arial" style='font-size:10.0pt'>The
average West Texas Intermediate (WTI) price in the first quarter of 2007 was $58.24 per barrel and the average New York Mercantile
Exchange (NYMEX) price for natural gas was $7.17 per million BTUs, compared to $63.48 per barrel and $11.42 per million BTUs,
respectively, for the first quarter of 2006. Occidental&#146;s realized oil price for the first quarter of 2007 was $51.78 per
barrel compared to $55.38 per barrel for the first quarter of 2006. Occidental&#146;s realized price differential to WTI improved in
the first quarter of 2007 with realized prices increasing to 89-percent of WTI as compared to 87-percent of WTI in the first quarter
of 2006. A change of 50 cents per million BTUs in NYMEX gas prices impacts quarterly oil and gas segment earnings by approximately
$24 million, while a $1.00 per-barrel change in oil prices has a quarterly pre-tax impact of approximately $40 million.</font></p>

<p style='margin-top:12.0pt;margin-bottom:0pt;text-align:justify;line-height:105%;width:720'><font face="arial" style='font-size:10.0pt'>The
increase in production for the first quarter of 2007, compared to the first quarter of 2006, was due to the Vintage and Plains
acquisitions and higher Middle East/North Africa production, partially offset by an incident at Elk Hills related to natural gas
gathering lines which temporarily reduced production by an estimated 14,000 barrels of oil equivalent (BOE) per day for the first
quarter.</font></p>

<p style='margin-top:12.0pt;margin-bottom:0pt;text-align:justify;line-height:105%;width:720'><font face="arial" style='font-size:10.0pt'>Average
production costs for the first three months of 2007 were $11.71 per BOE compared to the average annual 2006 production cost of
$11.23 per BOE.</font></p>

<p style='margin-top:24.0pt;margin-bottom:0pt;text-align:left;line-height:105%;width:720'><font face="arial" style='font-size:10.0pt'><b><i>Chemical
Segment</i></b></font></p>

<p style='margin-top:12.0pt;margin-bottom:0pt;text-align:justify;line-height:105%;width:720'><font face="arial" style='font-size:10.0pt'>Chemical
segment earnings for the first three months of 2007 were $137 million, compared with $250 million of segment earnings for the same
period of 2006. The decrease in earnings for the first quarter of 2007, compared with the first quarter of 2006, was due to lower
margins on caustic soda and polyvinyl chloride, resulting primarily from lower sales prices, partially offset by lower energy and
feedstock costs.</font></p>

<p style='margin-top:24.0pt;margin-bottom:0pt;text-align:left;line-height:105%;width:720'><font face="arial" style='font-size:10.0pt'><b><i>Corporate
and Other</i></b></font></p>

<p style='margin-top:12.0pt;margin-bottom:0pt;text-align:justify;line-height:105%;width:720'><font face="arial" style='font-size:10.0pt'>In
February 2007, Occidental exercised all its outstanding warrants and received approximately 700,000 additional shares of Lyondell
Chemical Company common stock in lieu of cash settlement, which increased the number of shares owned by Occidental to approximately
21 million shares.</font></p>

<p style='margin-top:24.0pt;margin-bottom:0pt;text-align:left;line-height:105%;width:720'><font face="arial" style='font-size:10.0pt'><b>Liquidity
and Capital Resources</b></font></p>

<p style='margin-top:12.0pt;margin-bottom:0pt;text-align:justify;line-height:105%;width:720'><font face="arial" style='font-size:10.0pt'>Occidental&#146;s
net cash provided by operating activities was $1.6 billion for the first three months of 2007, compared with $2.0 billion for the
same period of 2006. The decrease in operating cash flow in 2007, compared to 2006, resulted from several factors. The most
important drivers were lower oil and natural gas prices and, to a much lesser extent, lower chemical margins. In the first three
months of 2007, compared to the same period in 2006, Occidental's realized oil price was lower by 7 percent and Occidental&#146;s
realized natural gas price decreased 24 percent in the U.S., where over 81 percent of Occidental&#146;s natural gas was produced.
Chemical margin decreases had a less significant effect on cash flow because chemical segment earnings and cash flow are
significantly smaller than those for the oil and gas segment.</font></p>

<p style='margin-top:12.0pt;margin-bottom:0pt;text-align:justify;line-height:105%;width:720'><font face="arial" style='font-size:10.0pt'>Increases
in crude oil production partially offset oil and gas sales price decreases, but the production increase had a smaller effect on cash
flow than the realized price decreases.</font></p>

<p style='margin-top:12.0pt;margin-bottom:0pt;text-align:justify;line-height:105%;width:720'><font face="arial" style='font-size:10.0pt'>Occidental&#146;s
net cash used by investing activities was $360 million for the first three months of 2007, compared with $2.1 billion for the same
period of 2006. The 2007 amount includes the cash proceeds of $485 million received from the sale of Occidental&#146;s 50-percent
interest in the Russian Vanyoganneft joint venture. The 2006 amount includes $1.3 billion in cash consideration paid as part of the
Vintage acquisition. Capital expenditures for the first three months of 2007 were $784 million, including $751 million for oil and
gas. Capital expenditures for the first three months of 2006 were $596 million, including $559 million for oil and gas.</font></p>

<p style='margin-top:18.0pt;margin-bottom:0pt;text-align:center;line-height:105%;width:720'><font face="arial" style='font-size:10.0pt'>17</font></p>

<p style='page-break-before:always'></p>

<page>

<p style='margin-top:0pt;margin-bottom:0pt;text-align:justify;line-height:105%;width:720'><font face="arial" style='font-size:10.0pt'>Occidental&#146;s
net cash used by financing activities was $1.3 billion in the first three months of 2007, compared with $276 million for the same
period of 2006. The 2007 amount includes net debt payments of $817 million which included the repurchase of various debt issues
under a cash tender offer. The 2007 amount also includes $321 million of cash paid for repurchases of 7.0 million shares of
Occidental&#146;s common stock at an average price of $45.89 per share. The weighted average basic shares outstanding for the three
months of 2007 totaled 841 million and the weighted average diluted shares outstanding totaled 846.5 million. At March 31, 2007,
there were 838.1 million basic shares outstanding and the diluted shares were 843.6 million. The share repurchases will continue to
be funded solely from available cash from operations. The 2006 amount includes $176 million of cash paid for repurchases of
Occidental&#146;s common stock.</font></p>

<p style='margin-top:12.0pt;margin-bottom:0pt;text-align:justify;line-height:105%;width:720'><font face="arial" style='font-size:10.0pt'>Available
but unused lines of committed bank credit totaled approximately $1.5 billion at March 31, 2007, and cash and cash equivalents and
short-term investments totaled $1.5 billion on the March 31, 2007 balance sheet.</font></p>

<p style='margin-top:12.0pt;margin-bottom:0pt;text-align:justify;line-height:105%;width:720'><font face="arial" style='font-size:10.0pt'>At
March 31, 2007, under the most restrictive covenants of certain financing agreements, Occidental&#146;s capacity for additional
unsecured borrowing was approximately $48.0 billion, and the capacity for the payment of cash dividends and other distributions on,
and for acquisitions of, Occidental&#146;s capital stock was approximately $18.2 billion, assuming that such dividends,
distributions and acquisitions were made without incurring additional borrowing.</font></p>

<p style='margin-top:12.0pt;margin-bottom:0pt;text-align:justify;line-height:105%;width:720'><font face="arial" style='font-size:10.0pt'>Occidental
currently expects to spend approximately $3.3 to $3.4 billion on its 2007 capital spending program. Although its income and cash
flows are largely dependent on oil and gas prices and production, Occidental believes that cash on hand, short-term investments and
cash generated from operations will be sufficient to fund its operating needs, capital expenditure requirements, dividend payments
and potential acquisitions.</font></p>

<p style='margin-top:24.0pt;margin-bottom:0pt;text-align:left;line-height:105%;width:720'><font face="arial" style='font-size:10.0pt'><b>Environmental
Liabilities and Expenditures</b></font></p>

<p style='margin-top:12.0pt;margin-bottom:0pt;text-align:justify;line-height:105%;width:720'><font face="arial" style='font-size:10.0pt'>Occidental&#146;s
operations are subject to stringent federal, state, local and foreign laws and regulations relating to improving or maintaining
environmental quality. The laws that require or address environmental remediation may apply retroactively to past waste disposal
practices and releases of substances to the environment. In many cases, the laws apply regardless of fault, legality of the original
activities or current ownership or control of sites. OPC or certain of its subsidiaries are currently participating in environmental
assessments and cleanups under these laws at federal Superfund sites, comparable state sites and other domestic and foreign
remediation sites, including currently-owned facilities and previously-owned sites.</font></p>

<p style='margin-top:12.0pt;margin-bottom:0pt;text-align:justify;line-height:105%;width:720'><font face="arial" style='font-size:10.0pt'>The
following table presents Occidental&#146;s environmental remediation reserves at March 31, 2007, the current portion of which ($79
million) is included in accrued liabilities. The remaining amount of $373 million is included in deferred credits and other
liabilities-other. The reserves are grouped by three categories of environmental remediation sites ($ amounts in
millions):</font></p>

<table border="0" cellspacing=0 cellpadding=0 width="432" style='margin-left:30px;border-collapse:collapse'>
  <tr>
    <td width="210" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td colspan="2" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:center;line-height:105%'><font face="arial" style='font-size:10.0pt'>Number</font></p>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:center;line-height:105%'><font face="arial" style='font-size:10.0pt'>of Sites</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td colspan="4" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:center;line-height:105%'><font face="arial" style='font-size:10.0pt'>Reserve</font></p>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:center;line-height:105%'><font face="arial" style='font-size:10.0pt'>Balance</font></p></td></tr>
  <tr>
    <td width="210" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>CERCLA
      &amp; equivalent sites</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="65" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>101</font></p></td>
    <td width="25" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="25" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>$</font></p></td>
    <td width="33" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>219</font></p></td>
    <td width="25" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td></tr>
  <tr>
    <td width="210" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>Active
      facilities</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="65" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>21</font></p></td>
    <td width="25" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="25" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="33" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>158</font></p></td>
    <td width="25" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td></tr>
  <tr>
    <td width="210" valign=bottom style='border-bottom:white 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>Closed
      or sold facilities</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="65" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>40</font></p></td>
    <td width="25" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="25" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="7" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="33" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>75</font></p></td>
    <td width="25" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td></tr>
  <tr>
    <td width="210" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:0pt;margin-bottom:0pt;margin-left:22.5pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>Total</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="65" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>162</font></p></td>
    <td width="25" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="25" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="7" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>$</font></p></td>
    <td width="33" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>452</font></p></td>
    <td width="25" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td></tr></table>

<p style='margin-top:12.0pt;margin-bottom:0pt;text-align:justify;line-height:105%;width:720'><font face="arial" style='font-size:10.0pt'>In
determining the environmental remediation reserves and the reasonably possible range of loss, Occidental refers to currently
available information, including relevant past experience, available technology, regulations in effect, the timing of remediation
and cost-sharing arrangements. Occidental believes it is reasonably possible that it will continue to incur additional liabilities
beyond those recorded for environmental remediation at these sites. The range of reasonably possible loss for existing environmental
remediation matters could be up to $405 million beyond the amount accrued.</font></p>

<p style='margin-top:42.0pt;margin-bottom:0pt;text-align:center;line-height:105%;width:720'><font face="arial" style='font-size:10.0pt'>18</font></p>

<p style='page-break-before:always'></p>

<page>

<p style='margin-top:0pt;margin-bottom:0pt;text-align:justify;line-height:105%;width:720'><font face="arial" style='font-size:10.0pt'>The
following table shows additional detail regarding reserves for CERCLA or CERCLA-equivalent proceedings in which OPC or certain of
its subsidiaries were involved at March 31, 2007:</font></p>

<table border="0" cellspacing=0 cellpadding=0 width="432" style='margin-left:30px;border-collapse:collapse'>
  <tr>
    <td width="210" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>Description</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td colspan="2" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:center;line-height:105%'><font face="arial" style='font-size:10.0pt'>Number of</font></p>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:center;line-height:105%'><font face="arial" style='font-size:10.0pt'>Sites</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td colspan="4" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:center;line-height:105%'><font face="arial" style='font-size:10.0pt'>Reserve</font></p>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:center;line-height:105%'><font face="arial" style='font-size:10.0pt'>Balance</font></p>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:center;line-height:105%'><font face="arial" style='font-size:10.0pt'>(in millions)</font></p></td></tr>
  <tr>
    <td width="210" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>Minimal/No
      Exposure <sup style='vertical-align:text-top;font-size:90%'>(a)</sup></font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="65" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>81</font></p></td>
    <td width="25" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="25" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>$</font></p></td>
    <td width="33" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>6</font></p></td>
    <td width="25" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td></tr>
  <tr>
    <td width="210" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>Reserves
      between $1-10 million</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="65" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>14</font></p></td>
    <td width="25" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="25" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="33" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>53</font></p></td>
    <td width="25" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td></tr>
  <tr>
    <td width="210" valign=bottom style='border-bottom:white 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>Reserves
      over $10 million</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="65" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>6</font></p></td>
    <td width="25" style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="25" style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="7" style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="33" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>160</font></p></td>
    <td width="25" style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td></tr>
  <tr>
    <td width="210" style='border-bottom:black 2.25pt double'>
      <p style='margin-top:0pt;margin-bottom:0pt;margin-left:22.5pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>Total</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="65" style='border-bottom:black 2.25pt double'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>101</font></p></td>
    <td width="25" style='border-bottom:black 2.25pt double'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="25" style='border-bottom:black 2.25pt double'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="7" style='border-bottom:black 2.25pt double'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>$</font></p></td>
    <td width="33" style='border-bottom:black 2.25pt double'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>219</font></p></td>
    <td width="25" style='border-bottom:black 2.25pt double'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td></tr></table>

<table border="0" cellspacing=0 cellpadding=0 width="407" style='margin-left:30px;border-collapse:collapse'>
  <tr>
    <td width="25" valign=top>
      <p style='margin-top:2.0pt;margin-bottom:0pt;text-align:left;line-height:90%'><font face="arial" style='font-size:8pt'>(a)</font></p></td>
    <td width="382" valign=top>
      <p style='margin-top:2.0pt;margin-bottom:0pt;text-align:justify;line-height:90%'><font face="arial" style='font-size:8pt'>Includes
      31 sites for which Maxus Energy Corporation has retained the liability and indemnified Occidental, 4 sites where Occidental
      has denied liability without challenge, 34 sites where Occidental&#146;s reserves are less than $50,000 each, and 12 sites
      where reserves are between $50,000 and $1 million each.</font></p></td></tr></table>

<p style='margin-top:12.0pt;margin-bottom:0pt;text-align:justify;line-height:105%;width:720'><font face="arial" style='font-size:10.0pt'>Refer
to the &#147;Environmental Liabilities and Expenditures&#148; section of Management&#146;s Discussion and Analysis of Financial
Condition and Results of Operations in the 2006 Form 10-K for additional information regarding Occidental&#146;s environmental
expenditures.</font></p>

<p style='margin-top:24.0pt;margin-bottom:0pt;text-align:left;line-height:105%;width:720'><font face="arial" style='font-size:10.0pt'><b>Lawsuits,
Claims, Commitments, Contingencies and Related Matters</b></font></p>

<p style='margin-top:12.0pt;margin-bottom:0pt;text-align:justify;line-height:105%;width:720'><font face="arial" style='font-size:10.0pt'>OPC
or certain of its subsidiaries have been named in many lawsuits, claims and other legal proceedings. These actions seek, among other
things, compensation for alleged personal injury, breach of contract, property damage, punitive damages, civil penalties or other
losses, or injunctive or declaratory relief. OPC or certain of its subsidiaries also have been named in proceedings under CERCLA and
similar federal, state, local and foreign environmental laws. These environmental proceedings seek funding or performance of
remediation and, in some cases, compensation for alleged property damage, punitive damages and civil penalties; however, Occidental
is usually one of many companies in these proceedings and has to date been successful in sharing response costs with other
financially sound companies. With respect to all such lawsuits, claims and proceedings, including environmental proceedings,
Occidental accrues reserves when it is probable a liability has been incurred and the amount of loss can be reasonably
estimated.</font></p>

<p style='margin-top:12.0pt;margin-bottom:0pt;text-align:justify;line-height:105%;width:720'><font face="arial" style='font-size:10.0pt'>Occidental
has entered into various guarantees including performance bonds, letters of credit, indemnities, commitments and other forms of
guarantees provided by Occidental to third parties, mainly to provide assurance that OPC or its subsidiaries and affiliates will
meet their various obligations (guarantees). At March 31, 2007, the notional amount of the guarantees that are subject to the
reporting requirements of FIN No. 45, &#147;Guarantor's Accounting and Disclosure Requirements for Guarantees, Including Indirect
Guarantees of Indebtedness of Others&#150;an interpretation of FASB Statements No. 5, 57, and 107 and rescission of FASB
Interpretation No. 34,&#148; was approximately $225 million, which mostly consists of Occidental&#146;s guarantees of equity
investees&#146; debt, primarily from the Dolphin Project equity investment, and other commitments.</font></p>

<p style='margin-top:12.0pt;margin-bottom:0pt;text-align:justify;line-height:105%;width:720'><font face="arial" style='font-size:10.0pt'>It
is impossible at this time to determine the ultimate liabilities that OPC and its subsidiaries may incur resulting from any
lawsuits, claims and proceedings, audits, commitments, contingencies and related matters, or the timing of these liabilities. If
these matters were to be ultimately resolved unfavorably at amounts substantially exceeding Occidental&#146;s reserves, an outcome
not currently anticipated, it is possible that such outcome could have a material adverse effect upon Occidental&#146;s consolidated
financial position or results of operations. However, after taking into account reserves, management does not expect the ultimate
resolution of any of these matters to have a material adverse effect upon Occidental&#146;s consolidated financial position or
results of operations.</font></p>

<p style='margin-top:66.0pt;margin-bottom:0pt;text-align:center;line-height:105%;width:720'><font face="arial" style='font-size:10.0pt'>19</font></p>

<p style='page-break-before:always'></p>

<page>

<p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%;width:720'><font face="arial" style='font-size:10.0pt'><b>Accounting
Changes</b></font></p>

<p style='margin-top:12.0pt;margin-bottom:0pt;text-align:justify;line-height:105%;width:720'><font face="arial" style='font-size:10.0pt'>In
February 2007, the Financial Accounting Standards Board (FASB) issued Statement of Financial Accounting Standards (SFAS) No. 159,
&#147;The Fair Value Option for Financial Assets and Financial Liabilities.&#148; This Statement provides companies an option to
measure certain financial instruments at fair value. SFAS No. 159 is effective for fiscal years beginning after November 15, 2007.
Occidental is currently assessing the effect of SFAS No. 159 on its financial statements.</font></p>

<p style='margin-top:12.0pt;margin-bottom:0pt;text-align:justify;line-height:105%;width:720'><font face="arial" style='font-size:10.0pt'>In
March 2007, the FASB ratified the Emerging Issues Task Force (EITF) Issue No. 06-10, &#147;Accounting for Collateral Assignment
Split-Dollar Life Insurance Arrangements.&#148; This EITF Issue provides guidance for split-dollar life insurance arrangements, and
requires employers to recognize a liability for certain obligations under these arrangements. The recognition and disclosure
provisions of EITF Issue No. 06-10 are effective for fiscal years ending after December 15, 2007. Occidental is currently assessing
the effect of EITF Issue No. 06-10 on its financial statements.</font></p>

<p style='margin-top:12.0pt;margin-bottom:0pt;text-align:justify;line-height:105%;width:720'><font face="arial" style='font-size:10.0pt'>In
September 2006, the FASB issued FASB Staff Position (FSP) AUG AIR-1, &#147;Accounting for Planned Major Maintenance
Activities,&#148; which is effective for the first fiscal year beginning after December 15, 2006. This FSP prohibits the use of the
accrue-in-advance method of accounting for planned major maintenance activities, which was used by certain operations of Occidental.
When Occidental adopted FSP AUG AIR-1 on January 1, 2007, those operations changed to the deferral method of accounting for planned
major maintenance activities. The adoption of FSP AUG AIR-1 was retrospectively applied to all periods presented and the impact to
the income statement for the three months ended March 31, 2006 was immaterial. The following table shows the effects of adopting FSP
AUG AIR-1 on the consolidated balance sheet at January 1, 2007 (in millions):</font></p>

<table border="0" cellspacing=0 cellpadding=0 width="720" style='border-collapse:collapse'>
  <tr>
    <td width="559" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td colspan="3" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:center;line-height:105%'><font face="arial" style='font-size:10.0pt'>Debit/(Credit)</font></p></td></tr>
  <tr>
    <td width="559" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>Prepaid
      expenses and other</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>$</font></p></td>
    <td width="72" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>1</font></p></td>
    <td width="47" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td></tr>
  <tr>
    <td width="559" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>Property,
      plant and equipment, net</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>$</font></p></td>
    <td width="72" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>(16</font></p></td>
    <td width="47" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>)</font></p></td></tr>
  <tr>
    <td width="559" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>Other
      assets</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>$</font></p></td>
    <td width="72" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>91</font></p></td>
    <td width="47" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td></tr>
  <tr>
    <td width="559" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>Accrued
      liabilities</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>$</font></p></td>
    <td width="72" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>43</font></p></td>
    <td width="47" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td></tr>
  <tr>
    <td width="559" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>Deferred
      and other domestic and foreign income taxes</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>$</font></p></td>
    <td width="72" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>(40</font></p></td>
    <td width="47" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>)</font></p></td></tr>
  <tr>
    <td width="559" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>Minority
      interest</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>$</font></p></td>
    <td width="72" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>(11</font></p></td>
    <td width="47" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>)</font></p></td></tr>
  <tr>
    <td width="559" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>Retained
      earnings</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="21" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>$</font></p></td>
    <td width="72" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>(68</font></p></td>
    <td width="47" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>)</font></p></td></tr></table>

<p style='margin-top:12.0pt;margin-bottom:0pt;text-align:justify;line-height:105%;width:720'><font face="arial" style='font-size:10.0pt'>In
June 2006, the FASB issued FASB Interpretation (FIN) No. 48, &#147;Accounting for Uncertainty in Income Taxes, an interpretation of
FASB Statement No. 109.&#148; This interpretation specifies that benefits from tax positions should be recognized in the financial
statements only when it is more-likely-than-not that the tax position will be sustained upon examination by the appropriate taxing
authority having full knowledge of all relevant information. A tax position meeting the more-likely-than-not recognition threshold
should be measured at the largest amount of benefit for which the likelihood of realization upon ultimate settlement exceeds 50
percent. Occidental adopted FIN No. 48 on January 1, 2007. The following table shows the effect of adopting FIN No. 48 on the
consolidated balance sheet at January 1, 2007 (in millions):</font></p>

<table border="0" cellspacing=0 cellpadding=0 width="601" style='border-collapse:collapse'>
  <tr>
    <td width="480" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td colspan="3" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:center;line-height:105%'><font face="arial" style='font-size:10.0pt'>Debit/(Credit)</font></p></td></tr>
  <tr>
    <td width="480" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>Domestic
      and foreign income taxes &#150; Current</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;margin-left:7pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>$</font></p></td>
    <td width="72" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>140</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td></tr>
  <tr>
    <td width="480" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>Deferred
      and other domestic and foreign income taxes</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;margin-left:7pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>$</font></p></td>
    <td width="72" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>(8</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>)</font></p></td></tr>
  <tr>
    <td width="480" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>Deferred
      credits and other liabilities &#150; Other</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;margin-left:7pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>$</font></p></td>
    <td width="72" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>100</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td></tr>
  <tr>
    <td width="480" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>Minority
      interest</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;margin-left:7pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>$</font></p></td>
    <td width="72" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>(13</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>)</font></p></td></tr>
  <tr>
    <td width="480" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>Retained
      earnings</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="21" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:1.0pt;margin-bottom:0pt;margin-left:7pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>$</font></p></td>
    <td width="72" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10.0pt'>(219</font></p></td>
    <td width="7" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:1.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>)</font></p></td></tr></table>

<p style='margin-top:72.0pt;margin-bottom:0pt;text-align:center;line-height:105%;width:720'><font face="arial" style='font-size:10.0pt'>20</font></p>

<p style='page-break-before:always'></p>

<page>

<p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%;width:720'><font face="arial" style='font-size:10.0pt'><b>Safe
Harbor Statement Regarding Outlook and Forward-Looking Information</b></font></p>

<p style='margin-top:12.0pt;margin-bottom:0pt;text-align:justify;line-height:105%;width:720'><font face="arial" style='font-size:10.0pt'>Portions
of this report contain forward-looking statements and involve risks and uncertainties that could materially affect expected results
of operations, liquidity, cash flows and business prospects. Factors that could cause results to differ materially include, but are
not limited to: exploration risks such as drilling unsuccessful wells; global commodity pricing fluctuations; higher-than-expected
costs; potential liability for remedial actions under existing or future environmental regulations and litigation; potential
liability resulting from pending or future litigation; general domestic and international political conditions; potential disruption
or interruption of Occidental&#146;s production or manufacturing facilities due to accidents, political events or insurgent
activity; potential failure to achieve expected production from existing and future oil and gas development projects; the
supply/demand considerations for Occidental&#146;s products; any general economic recession or slowdown domestically or
internationally; regulatory uncertainties; and not successfully completing, or any material delay of, any development of new fields,
expansion, capital expenditure, efficiency-improvement project, acquisition or disposition. Forward-looking statements are generally
accompanied by words such as &#147;estimate&#148;, &#147;project&#148;, &#147;predict&#148;, &#147;will&#148;,
&#147;anticipate&#148;, &#147;plan&#148;, &#147;intend&#148;, &#147;believe&#148;, &#147;expect&#148; or similar expressions that
convey the uncertainty of future events or outcomes. You should not place undue reliance on these forward-looking statements, which
speak only as of the date of this report.  Unless legally required, Occidental does not undertake any obligation to update any
forward-looking statements, as a result of new information, future events or otherwise. Certain risks that may affect
Occidental&#146;s results of operations and financial position appear in Part 1, Item 1A &#147;Risk Factors&#148; of
Occidental&#146;s 2006 Annual Report on Form 10-K.</font></p>

<p style='margin-top:24.0pt;margin-bottom:0pt;text-align:left;line-height:105%;width:720'><font face="arial" style='font-size:10.0pt'><b>Item
3.&nbsp;&nbsp;Quantitative and Qualitative Disclosures About Market Risk</b></font></p>

<p style='margin-top:12.0pt;margin-bottom:0pt;text-align:justify;line-height:105%;width:720'><font face="arial" style='font-size:10.0pt'>For
the three months ended March 31, 2007, there were no material changes in the information required to be provided under Item 305 of
Regulation S-K included under the caption &#147;Management&#146;s Discussion and Analysis of Financial Condition and Results of
Operations (Incorporating Item 7A) &#150; Derivative Activities and Market Risk&#148; in Occidental&#146;s 2006 Annual Report on
Form 10-K.</font></p>

<p style='margin-top:24.0pt;margin-bottom:0pt;text-align:left;line-height:105%;width:720'><font face="arial" style='font-size:10.0pt'><b>Item
4.&nbsp;&nbsp;Controls and Procedures</b></font></p>

<p style='margin-top:12.0pt;margin-bottom:0pt;text-align:justify;line-height:105%;width:720'><font face="arial" style='font-size:10.0pt'>Occidental's
Chief Executive Officer and Chief Financial Officer supervised and participated in Occidental's evaluation of its disclosure
controls and procedures as of the end of the period covered by this report. Disclosure controls and procedures are controls and
procedures designed to ensure that information required to be disclosed in Occidental's periodic reports filed or submitted under
the Securities Exchange Act of 1934, as amended, is recorded, processed, summarized and reported within the time periods specified
in the Securities and Exchange Commission's rules and forms.  Based upon that evaluation, Occidental's Chief Executive Officer and
Chief Financial Officer concluded that Occidental's disclosure controls and procedures were effective as of March 31,
2007.</font></p>

<p style='margin-top:12.0pt;margin-bottom:0pt;text-align:justify;line-height:105%;width:720'><font face="arial" style='font-size:10.0pt'>There
has been no change in Occidental's internal control over financial reporting during the first quarter of 2007 that has materially
affected, or is reasonably likely to materially affect, Occidental's internal control over financial reporting.</font></p>

<p style='margin-top:156.0pt;margin-bottom:0pt;text-align:center;line-height:105%;width:720'><font face="arial" style='font-size:10.0pt'>21</font></p>

<p style='page-break-before:always'></p>

<page>

<p style='margin-top:0pt;margin-bottom:0pt;text-align:center;line-height:105%;width:720'><font face="arial" style='font-size:10.0pt'><b>PART
II&nbsp;&nbsp;&nbsp;OTHER INFORMATION</b></font></p>

<p style='margin-top:24.0pt;margin-bottom:0pt;text-align:left;line-height:105%;width:720'><font face="arial" style='font-size:10.0pt'><b>Item
1.&nbsp;&nbsp;Legal Proceedings</b></font></p>

<p style='margin-top:12.0pt;margin-bottom:0pt;text-align:justify;line-height:105%;width:720'><font face="arial" style='font-size:10.0pt'>This
item incorporates by reference the information regarding lawsuits, claims, commitments, contingencies and related matters in Note 9
to the consolidated condensed financial statements in Part I of this Form 10-Q.</font></p>

<p style='margin-top:12.0pt;margin-bottom:0pt;text-align:justify;line-height:105%;width:720'><font face="arial" style='font-size:10.0pt'>In
February 2007, an OPC subsidiary concluded a settlement with the Texas Commission on Environmental Quality (TCEQ) by paying $121,880
to resolve alleged environmental violations of emissions limits and operating, reporting and recordkeeping requirements relating to
a natural gas processing plant in west Texas acquired by the subsidiary in 2005.</font></p>

<p style='margin-top:24.0pt;margin-bottom:0pt;text-align:left;line-height:105%;width:720'><font face="arial" style='font-size:10.0pt'><b>Item
2.&nbsp;&nbsp;Share Repurchase Activities</b></font></p>

<p style='margin-top:12.0pt;margin-bottom:0pt;text-align:justify;line-height:105%;width:720'><font face="arial" style='font-size:10.0pt'>Occidental&#146;s
share repurchase activities as of March 31, 2007, were as follows:</font></p>

<table border="0" cellspacing=0 cellpadding=0 width="720" style='border-collapse:collapse'>
  <tr>
    <td width="135" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:9pt'>Period</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:9pt'>&nbsp;</font></p></td>
    <td colspan="2" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:center;line-height:105%'><font face="arial" style='font-size:9pt'>Total</font></p>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:center;line-height:105%'><font face="arial" style='font-size:9pt'>Number</font></p>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:center;line-height:105%'><font face="arial" style='font-size:9pt'>of
      Shares</font></p>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:center;line-height:105%'><font face="arial" style='font-size:9pt'>Purchased</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:9pt'>&nbsp;</font></p></td>
    <td colspan="2" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:center;line-height:105%'><font face="arial" style='font-size:9pt'>Average</font></p>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:center;line-height:105%'><font face="arial" style='font-size:9pt'>Price</font></p>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:center;line-height:105%'><font face="arial" style='font-size:9pt'>Paid</font></p>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:center;line-height:105%'><font face="arial" style='font-size:9pt'>per
      Share</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:9pt'>&nbsp;</font></p></td>
    <td colspan="2" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:center;line-height:105%'><font face="arial" style='font-size:9pt'>Total Number</font></p>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:center;line-height:105%'><font face="arial" style='font-size:9pt'>of
      Shares Purchased</font></p>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:center;line-height:105%'><font face="arial" style='font-size:9pt'>as Part
      of Publicly</font></p>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:center;line-height:105%'><font face="arial" style='font-size:9pt'>Announced
      Plans</font></p>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:center;line-height:105%'><font face="arial" style='font-size:9pt'>or
      Programs <sup style='vertical-align:text-top;font-size:90%'>(a)</sup></font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:9pt'>&nbsp;</font></p></td>
    <td colspan="2" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:center;line-height:105%'><font face="arial" style='font-size:9pt'>Maximum
      Number</font></p>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:center;line-height:105%'><font face="arial" style='font-size:9pt'>of
      Shares that</font></p>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:center;line-height:105%'><font face="arial" style='font-size:9pt'>May
      Yet be Purchased</font></p>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:center;line-height:105%'><font face="arial" style='font-size:9pt'>Under
      the Plans</font></p>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:center;line-height:105%'><font face="arial" style='font-size:9pt'>or
      Programs <sup style='vertical-align:text-top;font-size:90%'>(a)</sup></font></p></td></tr>
  <tr>
    <td width="135" valign=bottom>
      <p style='margin-top:6.0pt;margin-bottom:0pt;text-align:center;line-height:105%'><font face="arial" style='font-size:10pt'>&nbsp;</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:6.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10pt'>&nbsp;</font></p></td>
    <td width="92" valign=bottom>
      <p style='margin-top:6.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10pt'>&nbsp;</font></p></td>
    <td width="30" valign=bottom>
      <p style='margin-top:6.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10pt'>&nbsp;</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:6.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10pt'>&nbsp;</font></p></td>
    <td width="87" valign=bottom>
      <p style='margin-top:6.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10pt'>&nbsp;</font></p></td>
    <td width="30" valign=bottom>
      <p style='margin-top:6.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10pt'>&nbsp;</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:6.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10pt'>&nbsp;</font></p></td>
    <td width="100" valign=bottom>
      <p style='margin-top:6.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10pt'>&nbsp;</font></p></td>
    <td width="30" valign=bottom>
      <p style='margin-top:6.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10pt'>&nbsp;</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:6.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10pt'>&nbsp;</font></p></td>
    <td width="102" valign=bottom>
      <p style='margin-top:6.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10pt'>&nbsp;</font></p></td>
    <td width="30" valign=bottom>
      <p style='margin-top:6.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10pt'>&nbsp;</font></p></td></tr>
  <tr>
    <td width="135" valign=bottom>
      <p style='margin-top:9.0pt;margin-bottom:0pt;text-align:center;line-height:105%'><font face="arial" style='font-size:10pt'>January
      1 &#150; 31, 2007</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:9.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10pt'>&nbsp;</font></p></td>
    <td width="92" valign=bottom>
      <p style='margin-top:9.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10pt'>2,287,237</font></p></td>
    <td width="30" valign=bottom>
      <p style='margin-top:9.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10pt'>&nbsp;<sup style='vertical-align:text-top;font-size:90%'>(b)</sup></font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:9.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10pt'>&nbsp;</font></p></td>
    <td width="87" valign=bottom>
      <p style='margin-top:9.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10pt'>$44.85</font></p></td>
    <td width="30" valign=bottom>
      <p style='margin-top:9.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10pt'>&nbsp;</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:9.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10pt'>&nbsp;</font></p></td>
    <td width="100" valign=bottom>
      <p style='margin-top:9.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10pt'>2,287,000</font></p></td>
    <td width="30" valign=bottom>
      <p style='margin-top:9.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10pt'>&nbsp;</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:9.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10pt'>&nbsp;</font></p></td>
    <td width="102" valign=bottom>
      <p style='margin-top:9.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10pt'>&nbsp;</font></p></td>
    <td width="30" valign=bottom>
      <p style='margin-top:9.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10pt'>&nbsp;</font></p></td></tr>
  <tr>
    <td width="135" valign=bottom>
      <p style='margin-top:9.0pt;margin-bottom:0pt;text-align:center;line-height:105%'><font face="arial" style='font-size:10pt'>February
      1 &#150; 28, 2007</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:9.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10pt'>&nbsp;</font></p></td>
    <td width="92" valign=bottom>
      <p style='margin-top:9.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10pt'>2,662,203</font></p></td>
    <td width="30" valign=bottom>
      <p style='margin-top:9.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10pt'>&nbsp;<sup style='vertical-align:text-top;font-size:90%'>(b)</sup></font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:9.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10pt'>&nbsp;</font></p></td>
    <td width="87" valign=bottom>
      <p style='margin-top:9.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10pt'>$46.85</font></p></td>
    <td width="30" valign=bottom>
      <p style='margin-top:9.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10pt'>&nbsp;</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:9.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10pt'>&nbsp;</font></p></td>
    <td width="100" valign=bottom>
      <p style='margin-top:9.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10pt'>2,661,125</font></p></td>
    <td width="30" valign=bottom>
      <p style='margin-top:9.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10pt'>&nbsp;</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:9.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10pt'>&nbsp;</font></p></td>
    <td width="102" valign=bottom>
      <p style='margin-top:9.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10pt'>&nbsp;</font></p></td>
    <td width="30" valign=bottom>
      <p style='margin-top:9.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10pt'>&nbsp;</font></p></td></tr>
  <tr>
    <td width="135" valign=bottom style='border-bottom:white 1.0pt solid'>
      <p style='margin-top:9.0pt;margin-bottom:0pt;text-align:center;line-height:105%'><font face="arial" style='font-size:10pt'>March
      1 &#150; 31, 2007</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:9.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10pt'>&nbsp;</font></p></td>
    <td width="92" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:9.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10pt'>2,041,831</font></p></td>
    <td width="30" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:9.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10pt'>&nbsp;</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:9.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10pt'>&nbsp;</font></p></td>
    <td width="87" valign=bottom style='border-bottom:white 1.0pt solid'>
      <p style='margin-top:9.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10pt'>$45.81</font></p></td>
    <td width="30" valign=bottom style='border-bottom:white 1.0pt solid'>
      <p style='margin-top:9.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10pt'>&nbsp;</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:9.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10pt'>&nbsp;</font></p></td>
    <td width="100" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:9.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10pt'>2,041,831</font></p></td>
    <td width="30" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:9.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10pt'>&nbsp;</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:9.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10pt'>&nbsp;</font></p></td>
    <td width="102" valign=bottom>
      <p style='margin-top:9.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10pt'>&nbsp;</font></p></td>
    <td width="30" valign=bottom>
      <p style='margin-top:9.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10pt'>&nbsp;</font></p></td></tr>

  <tr>
    <td width="135" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:6.0pt;margin-bottom:0pt;text-align:center;line-height:105%'><font face="arial" style='font-size:10pt'><b>First
      Quarter 2007</b></font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:6.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10pt'>&nbsp;</font></p></td>
    <td width="92" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:6.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10pt'>6,991,271</font></p></td>
    <td width="30" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:6.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10pt'>&nbsp;</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:6.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10pt'>&nbsp;</font></p></td>
    <td width="87" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:6.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10pt'>$45.89</font></p></td>
    <td width="30" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:6.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10pt'>&nbsp;</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:6.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10pt'>&nbsp;</font></p></td>
    <td width="100" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:6.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10pt'>6,989,956</font></p></td>
    <td width="30" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:6.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10pt'>&nbsp;</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:6.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10pt'>&nbsp;</font></p></td>
    <td width="102" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:6.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face="arial" style='font-size:10pt'>18,686,244</font></p></td>
    <td width="30" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:6.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10pt'><sup style='vertical-align:text-top;font-size:90%'>(a)</sup></font></p></td></tr></table>

<table border="0" cellspacing=0 cellpadding=0 width="720">
  <tr>
    <td width="45" valign=top>
      <p style='margin-top:3.0pt;margin-bottom:0pt;margin-left:30px;text-align:left;line-height:105%'><font face="arial" style='font-size:8pt'>(a)</font></p></td>
    <td width="675" valign=top>
      <p style='margin-top:3.0pt;margin-bottom:0pt;text-align:justify;line-height:105%'><font face="arial" style='font-size:8pt'>In
      February 2007, Occidental increased the number of shares authorized for its share repurchase program previously announced in
      2005, from 40 million to 55 million.</font></p></td></tr>
  <tr>
    <td width="45" valign=top>
      <p style='margin-top:3.0pt;margin-bottom:0pt;margin-left:30px;text-align:left;line-height:105%'><font face="arial" style='font-size:8pt'>(b)</font></p></td>
    <td width="675" valign=top>
      <p style='margin-top:3.0pt;margin-bottom:0pt;text-align:justify;line-height:105%'><font face="arial" style='font-size:8pt'>Amount
      includes employee stock for stock exercises of 237 in January 2007 and 1,078 in February 2007.</font></p></td></tr></table>

<p style='margin-top:24.0pt;margin-bottom:0pt;text-align:left;line-height:105%;width:720'><font face="arial" style='font-size:10.0pt'><b>Item
6.&nbsp;&nbsp;Exhibits</b></font></p>

<table border="0" cellspacing=0 cellpadding=0 width="720" style='border-collapse:collapse'>
  <tr>
    <td width="75" valign=top>
      <p style='margin-top:12.0pt;margin-bottom:0pt;margin-left:25px;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>11</font></p></td>
    <td width="645" valign=top>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:justify;line-height:105%'><font face="arial" style='font-size:10.0pt'>Statement
      regarding the computation of earnings per share for the three months ended March 31, 2007 and 2006.</font></p></td></tr>
  <tr>
    <td width="75" valign=top>
      <p style='margin-top:12.0pt;margin-bottom:0pt;margin-left:25px;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>12</font></p></td>
    <td width="645" valign=top>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:justify;line-height:105%'><font face="arial" style='font-size:10.0pt'>Statement
      regarding the computation of total enterprise ratios of earnings to fixed charges for the three months ended March 31, 2007
      and 2006 and for each of the five years in the period ended December 31, 2006.</font></p></td></tr>
  <tr>
    <td width="75" valign=top>
      <p style='margin-top:12.0pt;margin-bottom:0pt;margin-left:25px;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>31.1</font></p></td>
    <td width="645" valign=top>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:justify;line-height:105%'><font face="arial" style='font-size:10.0pt'>Certification
      of CEO Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002</font></p></td></tr>
  <tr>
    <td width="75" valign=top>
      <p style='margin-top:12.0pt;margin-bottom:0pt;margin-left:25px;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>31.2</font></p></td>
    <td width="645" valign=top>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:justify;line-height:105%'><font face="arial" style='font-size:10.0pt'>Certification
      of CFO Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002</font></p></td></tr>
  <tr>
    <td width="75" valign=top>
      <p style='margin-top:12.0pt;margin-bottom:0pt;margin-left:25px;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>32.1</font></p></td>
    <td width="645" valign=top>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:justify;line-height:105%'><font face="arial" style='font-size:10.0pt'>Certifications
      of CEO and CFO Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002</font></p></td></tr></table>

<p style='margin-top:42.0pt;margin-bottom:0pt;text-align:center;line-height:105%;width:720'><font face="arial" style='font-size:10.0pt'>22</font></p>

<p style='page-break-before:always'></p>

<page>

<p style='margin-top:24.0pt;margin-bottom:0pt;text-align:center;line-height:105%;width:720'><font face="arial" style='font-size:10.0pt'><b>SIGNATURES</b></font></p>

<p style='margin-top:24.0pt;margin-bottom:0pt;text-align:justify;line-height:105%;width:720'><font face="arial" style='font-size:10.0pt'>Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned thereunto duly authorized.</font></p>

<table border="0" cellspacing=0 cellpadding=0 width="575" style='border-collapse:collapse'>
  <tr>
    <td width="260" valign=top>
      <p style='margin-top:24.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="315" valign=top>
      <p style='margin-top:24.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>OCCIDENTAL
      PETROLEUM CORPORATION</font></p></td></tr>
  <tr>
    <td width="260" valign=top style='border-bottom:white 1.0pt solid'>
      <p style='margin-top:60.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>DATE:&nbsp;&nbsp;May
      3, 2007</font></p></td>
    <td width="315" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:60.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>/s/
      Jim A. Leonard</font></p></td></tr>
  <tr>
    <td width="260" valign=top>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="315" valign=top>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>Jim
      A. Leonard, Vice President and Controller</font></p>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>(Principal
      Accounting and Duly Authorized Officer)</font></p></td></tr></table>

<p style='margin-top:444.0pt;margin-bottom:0pt;text-align:center;line-height:105%;width:720'><font face="arial" style='font-size:10.0pt'>23</font></p>

<p style='page-break-before:always'></p>

<page>

<p style='margin-top:12.0pt;margin-bottom:0pt;text-align:center;line-height:105%;width:720'><font face="arial" style='font-size:10.0pt'><b>EXHIBIT
INDEX</b></font></p>

<table border="0" cellspacing=0 cellpadding=0 width="720" style='border-collapse:collapse'>
  <tr>
    <td width="75" valign=top>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'><u>EXHIBITS</u></font></p></td>
    <td width="645" valign=top>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>&nbsp;</font></p></td></tr>
  <tr>
    <td width="75" valign=top>
      <p style='margin-top:12.0pt;margin-bottom:0pt;margin-left:18px;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>11</font></p></td>
    <td width="645" valign=top>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:justify;line-height:105%'><font face="arial" style='font-size:10.0pt'>Statement
      regarding the computation of earnings per share for the three months ended March 31, 2007 and 2006.</font></p></td></tr>
  <tr>
    <td width="75" valign=top>
      <p style='margin-top:12.0pt;margin-bottom:0pt;margin-left:18px;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>12</font></p></td>
    <td width="645" valign=top>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:justify;line-height:105%'><font face="arial" style='font-size:10.0pt'>Statement
      regarding the computation of total enterprise ratios of earnings to fixed charges for the three months ended March 31, 2007
      and 2006 and for each of the five years in the period ended December 31, 2006.</font></p></td></tr>
  <tr>
    <td width="75" valign=top>
      <p style='margin-top:12.0pt;margin-bottom:0pt;margin-left:18px;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>31.1</font></p></td>
    <td width="645" valign=top>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:justify;line-height:105%'><font face="arial" style='font-size:10.0pt'>Certification
      of CEO Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002</font></p></td></tr>
  <tr>
    <td width="75" valign=top>
      <p style='margin-top:12.0pt;margin-bottom:0pt;margin-left:18px;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>31.2</font></p></td>
    <td width="645" valign=top>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:justify;line-height:105%'><font face="arial" style='font-size:10.0pt'>Certification
      of CFO Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002</font></p></td></tr>
  <tr>
    <td width="75" valign=top>
      <p style='margin-top:12.0pt;margin-bottom:0pt;margin-left:18px;text-align:left;line-height:105%'><font face="arial" style='font-size:10.0pt'>32.1</font></p></td>
    <td width="645" valign=top>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:justify;line-height:105%'><font face="arial" style='font-size:10.0pt'>Certifications
      of CEO and CFO Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002</font></p></td></tr></table>

<p style='margin-top:456.0pt;margin-bottom:0pt;text-align:center;line-height:105%;width:720'><font face="arial" style='font-size:10.0pt'>24</font></p>

</body>

</html>

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-11
<SEQUENCE>2
<FILENAME>ex11-20071q.htm
<DESCRIPTION>EXHIBIT 11
<TEXT>
<html>

<head>
  <title>Exhibit 11</title>
</head>

<body bgColor=#ffffff>

<p style='margin-top:12.0pt;margin-bottom:0pt;text-align:right;width:720'><font face="arial" style='font-size:10pt'><b>EXHIBIT
11</b></font></p>

<p style='margin-top:12.0pt;margin-bottom:0pt;text-align:center;width:720'><font face="arial" style='font-size:10pt'><b>OCCIDENTAL
PETROLEUM CORPORATION AND SUBSIDIARIES</b></font></p>

<p style='margin-top:6.0pt;margin-bottom:0pt;text-align:center;width:720'><font face="arial" style='font-size:10pt'><b>COMPUTATION
OF EARNINGS PER SHARE</b></font></p>

<p style='margin-top:0pt;margin-bottom:0pt;text-align:center;width:720'><font face="arial" style='font-size:10pt'><b>FOR THE THREE
MONTHS ENDED MARCH 31, 2007 AND 2006</b></font></p>

<p style='margin-top:0pt;margin-bottom:0pt;text-align:center;width:720'><font face="arial" style='font-size:10pt'>(Amounts in
millions, except per-share amounts)</font></p>

<table border=0 cellspacing=0 cellpadding=0 width="516" style='margin-left:102px;border-collapse:collapse'>
  <tr>
    <td width="305" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left'><font face="arial" style='font-size:10pt'>Three months ended
      March 31</font></p></td>
    <td width="14" valign=bottom>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left'><font face="arial" style='font-size:10pt'>&nbsp;</font></p></td>
    <td width="14" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left'><font face="arial" style='font-size:10pt'>&nbsp;</font></p></td>
    <td width="74" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:right'><font face="arial" style='font-size:10pt'>2007</font></p></td>
    <td width="14" valign=bottom>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left'><font face="arial" style='font-size:10pt'>&nbsp;</font></p></td>
    <td width="14" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left'><font face="arial" style='font-size:10pt'>&nbsp;</font></p></td>
    <td width="74" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:right'><font face="arial" style='font-size:10pt'>2006</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left'><font face="arial" style='font-size:10pt'>&nbsp;</font></p></td></tr>
  <tr>
    <td width="305" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left'><font face="arial" style='font-size:10pt'><b>BASIC EARNINGS PER
      SHARE</b></font></p></td>
    <td width="14" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left'><font face="arial" style='font-size:10pt'>&nbsp;</font></p></td>
    <td width="14" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left'><font face="arial" style='font-size:10pt'>&nbsp;</font></p></td>
    <td width="74" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left'><font face="arial" style='font-size:10pt'>&nbsp;</font></p></td>
    <td width="14" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left'><font face="arial" style='font-size:10pt'>&nbsp;</font></p></td>
    <td width="14" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left'><font face="arial" style='font-size:10pt'>&nbsp;</font></p></td>
    <td width="74" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left'><font face="arial" style='font-size:10pt'>&nbsp;</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left'><font face="arial" style='font-size:10pt'>&nbsp;</font></p></td></tr>
  <tr>
    <td width="305" valign=bottom style='border-bottom:white 2.25pt double'>
      <p style='margin-top:11.0pt;margin-bottom:0pt;text-align:left'><font face="arial" style='font-size:10pt'>Earnings applicable
      to common stock</font></p></td>
    <td width="14" valign=bottom>
      <p style='margin-top:11.0pt;margin-bottom:0pt;text-align:left'><font face="arial" style='font-size:10pt'>&nbsp;</font></p></td>
    <td width="14" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:11.0pt;margin-bottom:0pt;text-align:left'><font face="arial" style='font-size:10pt'>$</font></p></td>
    <td width="74" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:11.0pt;margin-bottom:0pt;text-align:right'><font face="arial" style='font-size:10pt'>1,212</font></p></td>
    <td width="14" valign=bottom>
      <p style='margin-top:11.0pt;margin-bottom:0pt;text-align:left'><font face="arial" style='font-size:10pt'>&nbsp;</font></p></td>
    <td width="14" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:11.0pt;margin-bottom:0pt;text-align:left'><font face="arial" style='font-size:10pt'>$</font></p></td>
    <td width="74" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:11.0pt;margin-bottom:0pt;text-align:right'><font face="arial" style='font-size:10pt'>1,231</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:11.0pt;margin-bottom:0pt;text-align:left'><font face="arial" style='font-size:10pt'>&nbsp;</font></p></td></tr>
  <tr>
    <td width="305" valign=bottom>
      <p style='margin-top:11.0pt;margin-bottom:0pt;text-align:left'><font face="arial" style='font-size:10pt'>Basic
      shares</font></p></td>
    <td width="14" valign=bottom>
      <p style='margin-top:11.0pt;margin-bottom:0pt;text-align:left'><font face="arial" style='font-size:10pt'>&nbsp;</font></p></td>
    <td width="14" valign=bottom>
      <p style='margin-top:11.0pt;margin-bottom:0pt;text-align:left'><font face="arial" style='font-size:10pt'>&nbsp;</font></p></td>
    <td width="74" valign=bottom>
      <p style='margin-top:11.0pt;margin-bottom:0pt;text-align:left'><font face="arial" style='font-size:10pt'>&nbsp;</font></p></td>
    <td width="14" valign=bottom>
      <p style='margin-top:11.0pt;margin-bottom:0pt;text-align:left'><font face="arial" style='font-size:10pt'>&nbsp;</font></p></td>
    <td width="14" valign=bottom>
      <p style='margin-top:11.0pt;margin-bottom:0pt;text-align:left'><font face="arial" style='font-size:10pt'>&nbsp;</font></p></td>
    <td width="74" valign=bottom>
      <p style='margin-top:11.0pt;margin-bottom:0pt;text-align:left'><font face="arial" style='font-size:10pt'>&nbsp;</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:11.0pt;margin-bottom:0pt;text-align:left'><font face="arial" style='font-size:10pt'>&nbsp;</font></p></td></tr>
  <tr>
    <td width="305" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;margin-left:26px;text-indent:-10px;text-align:left'><font face="arial" style='font-size:10pt'>Weighted
      average common
        <br>shares outstanding</font></p></td>
    <td width="14" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left'><font face="arial" style='font-size:10pt'>&nbsp;</font></p></td>
    <td width="14" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left'><font face="arial" style='font-size:10pt'>&nbsp;</font></p></td>
    <td width="74" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right'><font face="arial" style='font-size:10pt'>871.1</font></p></td>
    <td width="14" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left'><font face="arial" style='font-size:10pt'>&nbsp;</font></p></td>
    <td width="14" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left'><font face="arial" style='font-size:10pt'>&nbsp;</font></p></td>
    <td width="74" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right'><font face="arial" style='font-size:10pt'>842.5</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left'><font face="arial" style='font-size:10pt'>&nbsp;</font></p></td></tr>
  <tr>
    <td width="305" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;margin-left:16px;text-align:left'><font face="arial" style='font-size:10pt'>Treasury
      stock</font></p></td>
    <td width="14" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left'><font face="arial" style='font-size:10pt'>&nbsp;</font></p></td>
    <td width="14" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left'><font face="arial" style='font-size:10pt'>&nbsp;</font></p></td>
    <td width="74" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right'><font face="arial" style='font-size:10pt'>(34.3</font></p></td>
    <td width="14" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left'><font face="arial" style='font-size:10pt'>)</font></p></td>
    <td width="14" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left'><font face="arial" style='font-size:10pt'>&nbsp;</font></p></td>
    <td width="74" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right'><font face="arial" style='font-size:10pt'>(1.3</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left'><font face="arial" style='font-size:10pt'>)</font></p></td></tr>
  <tr>
    <td width="305" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;margin-left:16px;text-align:left'><font face="arial" style='font-size:10pt'>Vested,
      unissued restricted stock</font></p></td>
    <td width="14" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left'><font face="arial" style='font-size:10pt'>&nbsp;</font></p></td>
    <td width="14" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left'><font face="arial" style='font-size:10pt'>&nbsp;</font></p></td>
    <td width="74" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right'><font face="arial" style='font-size:10pt'>3.3</font></p></td>
    <td width="14" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left'><font face="arial" style='font-size:10pt'>&nbsp;</font></p></td>
    <td width="14" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left'><font face="arial" style='font-size:10pt'>&nbsp;</font></p></td>
    <td width="74" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right'><font face="arial" style='font-size:10pt'>3.6</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left'><font face="arial" style='font-size:10pt'>&nbsp;</font></p></td></tr>
  <tr>
    <td width="305" valign=bottom style='border-bottom:white 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;margin-left:16px;text-align:left'><font face="arial" style='font-size:10pt'>Deferred
      share units</font></p></td>
    <td width="14" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left'><font face="arial" style='font-size:10pt'>&nbsp;</font></p></td>
    <td width="14" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left'><font face="arial" style='font-size:10pt'>&nbsp;</font></p></td>
    <td width="74" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right'><font face="arial" style='font-size:10pt'>0.9</font></p></td>
    <td width="14" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left'><font face="arial" style='font-size:10pt'>&nbsp;</font></p></td>
    <td width="14" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left'><font face="arial" style='font-size:10pt'>&nbsp;</font></p></td>
    <td width="74" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right'><font face="arial" style='font-size:10pt'>3.7</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left'><font face="arial" style='font-size:10pt'>&nbsp;</font></p></td></tr>
  <tr>
    <td width="305" valign=bottom style='border-bottom:white 2.25pt double'>
      <p style='margin-top:0pt;margin-bottom:0pt;margin-left:26px;text-align:left'><font face="arial" style='font-size:10pt'>Basic
      shares</font></p></td>
    <td width="14" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left'><font face="arial" style='font-size:10pt'>&nbsp;</font></p></td>
    <td width="14" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left'><font face="arial" style='font-size:10pt'>&nbsp;</font></p></td>
    <td width="74" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right'><font face="arial" style='font-size:10pt'>841.0</font></p></td>
    <td width="14" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left'><font face="arial" style='font-size:10pt'>&nbsp;</font></p></td>
    <td width="14" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left'><font face="arial" style='font-size:10pt'>&nbsp;</font></p></td>
    <td width="74" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right'><font face="arial" style='font-size:10pt'>848.5</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left'><font face="arial" style='font-size:10pt'>&nbsp;</font></p></td></tr>
  <tr>
    <td width="305" valign=bottom>
      <p style='margin-top:11.0pt;margin-bottom:0pt;text-align:left'><font face="arial" style='font-size:10pt'>Basic earnings per
      share</font></p></td>
    <td width="14" valign=bottom>
      <p style='margin-top:11.0pt;margin-bottom:0pt;text-align:left'><font face="arial" style='font-size:10pt'>&nbsp;</font></p></td>
    <td width="14" valign=bottom>
      <p style='margin-top:11.0pt;margin-bottom:0pt;text-align:left'><font face="arial" style='font-size:10pt'>&nbsp;</font></p></td>
    <td width="74" valign=bottom>
      <p style='margin-top:11.0pt;margin-bottom:0pt;text-align:left'><font face="arial" style='font-size:10pt'>&nbsp;</font></p></td>
    <td width="14" valign=bottom>
      <p style='margin-top:11.0pt;margin-bottom:0pt;text-align:left'><font face="arial" style='font-size:10pt'>&nbsp;</font></p></td>
    <td width="14" valign=bottom>
      <p style='margin-top:11.0pt;margin-bottom:0pt;text-align:left'><font face="arial" style='font-size:10pt'>&nbsp;</font></p></td>
    <td width="74" valign=bottom>
      <p style='margin-top:11.0pt;margin-bottom:0pt;text-align:left'><font face="arial" style='font-size:10pt'>&nbsp;</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:11.0pt;margin-bottom:0pt;text-align:left'><font face="arial" style='font-size:10pt'>&nbsp;</font></p></td></tr>
  <tr>
    <td width="305" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;margin-left:16px;text-align:left'><font face="arial" style='font-size:10pt'>Income
      from continuing operations</font></p></td>
    <td width="14" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left'><font face="arial" style='font-size:10pt'>&nbsp;</font></p></td>
    <td width="14" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left'><font face="arial" style='font-size:10pt'>$</font></p></td>
    <td width="74" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right'><font face="arial" style='font-size:10pt'>1.44</font></p></td>
    <td width="14" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left'><font face="arial" style='font-size:10pt'>&nbsp;</font></p></td>
    <td width="14" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left'><font face="arial" style='font-size:10pt'>$</font></p></td>
    <td width="74" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right'><font face="arial" style='font-size:10pt'>1.36</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left'><font face="arial" style='font-size:10pt'>&nbsp;</font></p></td></tr>
  <tr>
    <td width="305" valign=bottom style='border-bottom:white 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;margin-left:16px;text-align:left'><font face="arial" style='font-size:10pt'>Discontinued
      operations, net</font></p></td>
    <td width="14" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left'><font face="arial" style='font-size:10pt'>&nbsp;</font></p></td>
    <td width="14" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left'><font face="arial" style='font-size:10pt'>&nbsp;</font></p></td>
    <td width="74" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right'><font face="arial" style='font-size:10pt'>&#151;</font></p></td>
    <td width="14" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left'><font face="arial" style='font-size:10pt'>&nbsp;</font></p></td>
    <td width="14" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left'><font face="arial" style='font-size:10pt'>&nbsp;</font></p></td>
    <td width="74" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right'><font face="arial" style='font-size:10pt'>0.09</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left'><font face="arial" style='font-size:10pt'>&nbsp;</font></p></td></tr>
  <tr>
    <td width="305" valign=bottom style='border-bottom:white 2.25pt double'>
      <p style='margin-top:0pt;margin-bottom:0pt;margin-left:26px;text-align:left'><font face="arial" style='font-size:10pt'>Basic
      earnings per common share</font></p></td>
    <td width="14" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left'><font face="arial" style='font-size:10pt'>&nbsp;</font></p></td>
    <td width="14" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left'><font face="arial" style='font-size:10pt'>$</font></p></td>
    <td width="74" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right'><font face="arial" style='font-size:10pt'>1.44</font></p></td>
    <td width="14" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left'><font face="arial" style='font-size:10pt'>&nbsp;</font></p></td>
    <td width="14" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left'><font face="arial" style='font-size:10pt'>$</font></p></td>
    <td width="74" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right'><font face="arial" style='font-size:10pt'>1.45</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left'><font face="arial" style='font-size:10pt'>&nbsp;</font></p></td></tr>
  <tr>
    <td width="305" valign=bottom>
      <p style='margin-top:6.0pt;margin-bottom:0pt;text-align:left'><font face="arial" style='font-size:10pt'><b>DILUTED EARNINGS
      PER SHARE</b></font></p></td>
    <td width="14" valign=bottom>
      <p style='margin-top:6.0pt;margin-bottom:0pt;text-align:left'><font face="arial" style='font-size:10pt'>&nbsp;</font></p></td>
    <td width="14" valign=bottom>
      <p style='margin-top:6.0pt;margin-bottom:0pt;text-align:left'><font face="arial" style='font-size:10pt'>&nbsp;</font></p></td>
    <td width="74" valign=bottom>
      <p style='margin-top:6.0pt;margin-bottom:0pt;text-align:left'><font face="arial" style='font-size:10pt'>&nbsp;</font></p></td>
    <td width="14" valign=bottom>
      <p style='margin-top:6.0pt;margin-bottom:0pt;text-align:left'><font face="arial" style='font-size:10pt'>&nbsp;</font></p></td>
    <td width="14" valign=bottom>
      <p style='margin-top:6.0pt;margin-bottom:0pt;text-align:left'><font face="arial" style='font-size:10pt'>&nbsp;</font></p></td>
    <td width="74" valign=bottom>
      <p style='margin-top:6.0pt;margin-bottom:0pt;text-align:left'><font face="arial" style='font-size:10pt'>&nbsp;</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:6.0pt;margin-bottom:0pt;text-align:left'><font face="arial" style='font-size:10pt'>&nbsp;</font></p></td></tr>
  <tr>
    <td width="305" valign=bottom style='border-bottom:white 2.25pt double'>
      <p style='margin-top:11.0pt;margin-bottom:0pt;text-align:left'><font face="arial" style='font-size:10pt'>Earnings applicable
      to common stock</font></p></td>
    <td width="14" valign=bottom>
      <p style='margin-top:11.0pt;margin-bottom:0pt;text-align:left'><font face="arial" style='font-size:10pt'>&nbsp;</font></p></td>
    <td width="14" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:11.0pt;margin-bottom:0pt;text-align:left'><font face="arial" style='font-size:10pt'>$</font></p></td>
    <td width="74" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:11.0pt;margin-bottom:0pt;text-align:right'><font face="arial" style='font-size:10pt'>1,212</font></p></td>
    <td width="14" valign=bottom>
      <p style='margin-top:11.0pt;margin-bottom:0pt;text-align:left'><font face="arial" style='font-size:10pt'>&nbsp;</font></p></td>
    <td width="14" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:11.0pt;margin-bottom:0pt;text-align:left'><font face="arial" style='font-size:10pt'>$</font></p></td>
    <td width="74" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:11.0pt;margin-bottom:0pt;text-align:right'><font face="arial" style='font-size:10pt'>1,231</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:11.0pt;margin-bottom:0pt;text-align:left'><font face="arial" style='font-size:10pt'>&nbsp;</font></p></td></tr>
  <tr>
    <td width="305" valign=bottom>
      <p style='margin-top:11.0pt;margin-bottom:0pt;text-align:left'><font face="arial" style='font-size:10pt'>Diluted
      shares</font></p></td>
    <td width="14" valign=bottom>
      <p style='margin-top:11.0pt;margin-bottom:0pt;text-align:left'><font face="arial" style='font-size:10pt'>&nbsp;</font></p></td>
    <td width="14" valign=bottom>
      <p style='margin-top:11.0pt;margin-bottom:0pt;text-align:left'><font face="arial" style='font-size:10pt'>&nbsp;</font></p></td>
    <td width="74" valign=bottom>
      <p style='margin-top:11.0pt;margin-bottom:0pt;text-align:left'><font face="arial" style='font-size:10pt'>&nbsp;</font></p></td>
    <td width="14" valign=bottom>
      <p style='margin-top:11.0pt;margin-bottom:0pt;text-align:left'><font face="arial" style='font-size:10pt'>&nbsp;</font></p></td>
    <td width="14" valign=bottom>
      <p style='margin-top:11.0pt;margin-bottom:0pt;text-align:left'><font face="arial" style='font-size:10pt'>&nbsp;</font></p></td>
    <td width="74" valign=bottom>
      <p style='margin-top:11.0pt;margin-bottom:0pt;text-align:left'><font face="arial" style='font-size:10pt'>&nbsp;</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:11.0pt;margin-bottom:0pt;text-align:left'><font face="arial" style='font-size:10pt'>&nbsp;</font></p></td></tr>
  <tr>
    <td width="305" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;margin-left:16px;text-align:left'><font face="arial" style='font-size:10pt'>Basic
      shares</font></p></td>
    <td width="14" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left'><font face="arial" style='font-size:10pt'>&nbsp;</font></p></td>
    <td width="14" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left'><font face="arial" style='font-size:10pt'>&nbsp;</font></p></td>
    <td width="74" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right'><font face="arial" style='font-size:10pt'>841.0</font></p></td>
    <td width="14" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left'><font face="arial" style='font-size:10pt'>&nbsp;</font></p></td>
    <td width="14" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left'><font face="arial" style='font-size:10pt'>&nbsp;</font></p></td>
    <td width="74" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right'><font face="arial" style='font-size:10pt'>848.5</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left'><font face="arial" style='font-size:10pt'>&nbsp;</font></p></td></tr>
  <tr>
    <td width="305" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;margin-left:16px;text-align:left'><font face="arial" style='font-size:10pt'>Dilutive
      effect of options outstanding</font></p></td>
    <td width="14" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left'><font face="arial" style='font-size:10pt'>&nbsp;</font></p></td>
    <td width="14" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left'><font face="arial" style='font-size:10pt'>&nbsp;</font></p></td>
    <td width="74" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right'><font face="arial" style='font-size:10pt'>3.5</font></p></td>
    <td width="14" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left'><font face="arial" style='font-size:10pt'>&nbsp;</font></p></td>
    <td width="14" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left'><font face="arial" style='font-size:10pt'>&nbsp;</font></p></td>
    <td width="74" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right'><font face="arial" style='font-size:10pt'>9.7</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left'><font face="arial" style='font-size:10pt'>&nbsp;</font></p></td></tr>
  <tr>
    <td width="305" valign=bottom style='border-bottom:white 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;margin-left:16px;text-align:left'><font face="arial" style='font-size:10pt'>Deferred,
      restricted stock</font></p></td>
    <td width="14" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left'><font face="arial" style='font-size:10pt'>&nbsp;</font></p></td>
    <td width="14" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left'><font face="arial" style='font-size:10pt'>&nbsp;</font></p></td>
    <td width="74" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right'><font face="arial" style='font-size:10pt'>2.0</font></p></td>
    <td width="14" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left'><font face="arial" style='font-size:10pt'>&nbsp;</font></p></td>
    <td width="14" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left'><font face="arial" style='font-size:10pt'>&nbsp;</font></p></td>
    <td width="74" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right'><font face="arial" style='font-size:10pt'>2.7</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left'><font face="arial" style='font-size:10pt'>&nbsp;</font></p></td></tr>
  <tr>
    <td width="305" valign=bottom style='border-bottom:white 2.25pt double'>
      <p style='margin-top:0pt;margin-bottom:0pt;margin-left:26px;text-align:left'><font face="arial" style='font-size:10pt'>Diluted
      shares</font></p></td>
    <td width="14" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left'><font face="arial" style='font-size:10pt'>&nbsp;</font></p></td>
    <td width="14" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left'><font face="arial" style='font-size:10pt'>&nbsp;</font></p></td>
    <td width="74" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right'><font face="arial" style='font-size:10pt'>846.5</font></p></td>
    <td width="14" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left'><font face="arial" style='font-size:10pt'>&nbsp;</font></p></td>
    <td width="14" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left'><font face="arial" style='font-size:10pt'>&nbsp;</font></p></td>
    <td width="74" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right'><font face="arial" style='font-size:10pt'>860.9</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left'><font face="arial" style='font-size:10pt'>&nbsp;</font></p></td></tr>
  <tr>
    <td width="305" valign=bottom>
      <p style='margin-top:3.0pt;margin-bottom:0pt;text-align:left'><font face="arial" style='font-size:10pt'>Diluted earnings per
      share</font></p></td>
    <td width="14" valign=bottom>
      <p style='margin-top:3.0pt;margin-bottom:0pt;text-align:left'><font face="arial" style='font-size:10pt'>&nbsp;</font></p></td>
    <td width="14" valign=bottom>
      <p style='margin-top:3.0pt;margin-bottom:0pt;text-align:left'><font face="arial" style='font-size:10pt'>&nbsp;</font></p></td>
    <td width="74" valign=bottom>
      <p style='margin-top:3.0pt;margin-bottom:0pt;text-align:left'><font face="arial" style='font-size:10pt'>&nbsp;</font></p></td>
    <td width="14" valign=bottom>
      <p style='margin-top:3.0pt;margin-bottom:0pt;text-align:left'><font face="arial" style='font-size:10pt'>&nbsp;</font></p></td>
    <td width="14" valign=bottom>
      <p style='margin-top:3.0pt;margin-bottom:0pt;text-align:left'><font face="arial" style='font-size:10pt'>&nbsp;</font></p></td>
    <td width="74" valign=bottom>
      <p style='margin-top:3.0pt;margin-bottom:0pt;text-align:left'><font face="arial" style='font-size:10pt'>&nbsp;</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:3.0pt;margin-bottom:0pt;text-align:left'><font face="arial" style='font-size:10pt'>&nbsp;</font></p></td></tr>
  <tr>
    <td width="305" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;margin-left:16px;text-align:left'><font face="arial" style='font-size:10pt'>Income
      from continuing operations</font></p></td>
    <td width="14" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left'><font face="arial" style='font-size:10pt'>&nbsp;</font></p></td>
    <td width="14" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left'><font face="arial" style='font-size:10pt'>$</font></p></td>
    <td width="74" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right'><font face="arial" style='font-size:10pt'>1.43</font></p></td>
    <td width="14" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left'><font face="arial" style='font-size:10pt'>&nbsp;</font></p></td>
    <td width="14" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left'><font face="arial" style='font-size:10pt'>$</font></p></td>
    <td width="74" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right'><font face="arial" style='font-size:10pt'>1.34</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left'><font face="arial" style='font-size:10pt'>&nbsp;</font></p></td></tr>
  <tr>
    <td width="305" valign=bottom style='border-bottom:white 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;margin-left:16px;text-align:left'><font face="arial" style='font-size:10pt'>Discontinued
      operations, net</font></p></td>
    <td width="14" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left'><font face="arial" style='font-size:10pt'>&nbsp;</font></p></td>
    <td width="14" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left'><font face="arial" style='font-size:10pt'>&nbsp;</font></p></td>
    <td width="74" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right'><font face="arial" style='font-size:10pt'>&#151;</font></p></td>
    <td width="14" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left'><font face="arial" style='font-size:10pt'>&nbsp;</font></p></td>
    <td width="14" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left'><font face="arial" style='font-size:10pt'>&nbsp;</font></p></td>
    <td width="74" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right'><font face="arial" style='font-size:10pt'>0.09</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left'><font face="arial" style='font-size:10pt'>&nbsp;</font></p></td></tr>
  <tr>
    <td width="305" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:3.0pt;margin-bottom:0pt;margin-left:26px;text-align:left'><font face="arial" style='font-size:10pt'>Diluted
      earnings per common share</font></p></td>
    <td width="14" valign=bottom>
      <p style='margin-top:3.0pt;margin-bottom:0pt;text-align:left'><font face="arial" style='font-size:10pt'>&nbsp;</font></p></td>
    <td width="14" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:3.0pt;margin-bottom:0pt;text-align:left'><font face="arial" style='font-size:10pt'>$</font></p></td>
    <td width="74" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:3.0pt;margin-bottom:0pt;text-align:right'><font face="arial" style='font-size:10pt'>1.43</font></p></td>
    <td width="14" valign=bottom>
      <p style='margin-top:3.0pt;margin-bottom:0pt;text-align:left'><font face="arial" style='font-size:10pt'>&nbsp;</font></p></td>
    <td width="14" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:3.0pt;margin-bottom:0pt;text-align:left'><font face="arial" style='font-size:10pt'>$</font></p></td>
    <td width="74" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:3.0pt;margin-bottom:0pt;text-align:right'><font face="arial" style='font-size:10pt'>1.43</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:3.0pt;margin-bottom:0pt;text-align:left'><font face="arial" style='font-size:10pt'>&nbsp;</font></p></td></tr></table>

</body>

</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-12
<SEQUENCE>3
<FILENAME>ex12-20071q.htm
<DESCRIPTION>EXHIBIT 12
<TEXT>
<html>

<head>
  <title>Exhibit 12</title>
</head>

<body bgcolor="#ffffff">

<p style='margin-top:12.0pt;margin-bottom:0pt;text-align:right;width:720'><font face="arial" style='font-size:10.0pt'><b>EXHIBIT
12</b></font></p>

<p style='margin-top:12.0pt;margin-bottom:0pt;text-align:center;width:720'><font face="arial" style='font-size:10.0pt'><b>OCCIDENTAL
PETROLEUM CORPORATION AND SUBSIDIARIES</b></font></p>

<p style='margin-top:6.0pt;margin-bottom:0pt;text-align:center;width:720'><font face="arial" style='font-size:10.0pt'><b>COMPUTATION
OF TOTAL ENTERPRISE RATIOS OF EARNINGS TO FIXED CHARGES</b></font></p>

<p style='margin-top:0pt;margin-bottom:0pt;text-align:center;width:720'><font face="arial" style='font-size:10.0pt'>(Amounts in
millions, except ratios)</font></p>

<table border="0" cellspacing=0 cellpadding=0 width="720" style='border-collapse:collapse'>
  <tr>
    <td width="252" valign=bottom>
      <p style='margin-top:24.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="14" valign=bottom>
      <p style='margin-top:24.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td colspan="5" valign=bottom style='border-bottom:solid black 1.0pt'>
      <p style='margin-top:24.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face=arial style='font-size:10.0pt'>Three
      Months Ended</font></p>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face=arial style='font-size:10.0pt'>March
      31</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:24.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td colspan="14" valign=bottom style='border-bottom:solid black 1.0pt'>
      <p style='margin-top:24.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face=arial style='font-size:10.0pt'>Year
      Ended</font></p>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face=arial style='font-size:10.0pt'>December
      31</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:24.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>&nbsp;</font></p></td></tr>
  <tr>
    <td width="252" valign=bottom style='border-bottom:double black 2.25pt'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="14" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="10" valign=bottom style='border-bottom:double black 2.25pt'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="43" valign=bottom style='border-bottom:double black 2.25pt'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face=arial style='font-size:10.0pt'>2007</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="10" valign=bottom style='border-bottom:double black 2.25pt'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="43" valign=bottom style='border-bottom:double black 2.25pt'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face=arial style='font-size:10.0pt'>2006</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="10" valign=bottom style='border-bottom:double black 2.25pt'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="33" valign=bottom style='border-bottom:double black 2.25pt'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face=arial style='font-size:10.0pt'>2006</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="10" valign=bottom style='border-bottom:double black 2.25pt'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="33" valign=bottom style='border-bottom:double black 2.25pt'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face=arial style='font-size:10.0pt'>2005</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="10" valign=bottom style='border-bottom:double black 2.25pt'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="33" valign=bottom style='border-bottom:double black 2.25pt'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face=arial style='font-size:10.0pt'>2004</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="10" valign=bottom style='border-bottom:double black 2.25pt'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="33" valign=bottom style='border-bottom:double black 2.25pt'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face=arial style='font-size:10.0pt'>2003</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="10" valign=bottom style='border-bottom:double black 2.25pt'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="33" valign=bottom style='border-bottom:double black 2.25pt'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face=arial style='font-size:10.0pt'>2002</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>&nbsp;</font></p></td></tr>
  <tr>
    <td width="252" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;margin-left:15pt;text-indent:-15pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>Income
      from continuing
        <br>operations</font></p></td>
    <td width="14" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="10" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>$</font></p></td>
    <td width="43" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face=arial style='font-size:10.0pt'>1,212</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="10" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>$</font></p></td>
    <td width="43" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face=arial style='font-size:10.0pt'>1,153</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="10" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>$</font></p></td>
    <td width="33" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face=arial style='font-size:10.0pt'>4,444</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="10" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>$</font></p></td>
    <td width="33" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face=arial style='font-size:10.0pt'>5,052</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="10" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>$</font></p></td>
    <td width="33" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face=arial style='font-size:10.0pt'>2,412</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="10" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>$</font></p></td>
    <td width="33" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face=arial style='font-size:10.0pt'>1,569</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="10" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>$</font></p></td>
    <td width="33" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face=arial style='font-size:10.0pt'>1,171</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>&nbsp;</font></p></td></tr>
  <tr>
    <td width="252" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>Add:</font></p></td>
    <td width="14" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="10" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="43" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="10" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="43" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="10" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="33" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="10" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="33" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="10" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="33" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="10" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="33" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="10" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="33" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>&nbsp;</font></p></td></tr>
  <tr>
    <td width="252" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;margin-left:15pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>Minority
      interest<sup style='vertical-align:text-top;font-size:90%'>(a)</sup></font></p></td>
    <td width="14" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="10" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="43" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face=arial style='font-size:10.0pt'>7</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="10" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="43" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face=arial style='font-size:10.0pt'>37</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="10" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="33" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face=arial style='font-size:10.0pt'>111</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="10" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="33" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face=arial style='font-size:10.0pt'>74</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="10" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="33" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face=arial style='font-size:10.0pt'>76</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="10" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="33" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face=arial style='font-size:10.0pt'>62</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="10" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="33" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face=arial style='font-size:10.0pt'>77</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>&nbsp;</font></p></td></tr>
  <tr>
    <td width="252" valign=bottom style='border-bottom:white 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;margin-left:25pt;text-indent:-10.0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>Adjusted
      income from equity investments<sup>(b)</sup></font></p></td>
    <td width="14" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="10" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="43" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face=arial style='font-size:10.0pt'>3</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="10" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="43" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face=arial style='font-size:10.0pt'>(27</font></p></td>
    <td width="21" valign=bottom style='border-bottom:white 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>)</font></p></td>
    <td width="10" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="33" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face=arial style='font-size:10.0pt'>(35</font></p></td>
    <td width="21" valign=bottom style='border-bottom:white 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>)</font></p></td>
    <td width="10" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="33" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face=arial style='font-size:10.0pt'>(50</font></p></td>
    <td width="21" valign=bottom style='border-bottom:white 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>)</font></p></td>
    <td width="10" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="33" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face=arial style='font-size:10.0pt'>(6</font></p></td>
    <td width="21" valign=bottom style='border-bottom:white 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>)</font></p></td>
    <td width="10" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="33" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face=arial style='font-size:10.0pt'>69</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="10" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="33" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face=arial style='font-size:10.0pt'>308</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>&nbsp;</font></p></td></tr>
  <tr>
    <td width="252" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="14" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="10" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="43" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face=arial style='font-size:10.0pt'>1,222</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="10" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="43" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face=arial style='font-size:10.0pt'>1,163</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="10" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="33" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face=arial style='font-size:10.0pt'>4,520</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="10" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="33" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face=arial style='font-size:10.0pt'>5,076</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="10" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="33" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face=arial style='font-size:10.0pt'>2,482</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="10" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="33" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face=arial style='font-size:10.0pt'>1,700</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="10" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="33" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face=arial style='font-size:10.0pt'>1,556</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>&nbsp;</font></p></td></tr>
  <tr>
    <td width="252" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>Add:</font></p></td>
    <td width="14" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="10" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="43" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="10" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="43" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="10" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="33" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="10" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="33" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="10" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="33" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="10" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="33" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="10" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="33" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>&nbsp;</font></p></td></tr>
  <tr>
    <td width="252" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;margin-left:25pt;text-indent:-10.0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>Provision
      (credit) for taxes on
        <br>income (other than foreign oil
        <br>and gas taxes)</font></p></td>
    <td width="14" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="10" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="43" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face=arial style='font-size:10.0pt'>291</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="10" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="43" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face=arial style='font-size:10.0pt'>471</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="10" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="33" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face=arial style='font-size:10.0pt'>1,637</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="10" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="33" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face=arial style='font-size:10.0pt'>711</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="10" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="33" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face=arial style='font-size:10.0pt'>980</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="10" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="33" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face=arial style='font-size:10.0pt'>664</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="10" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="33" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face=arial style='font-size:10.0pt'>(47</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>)</font></p></td></tr>
  <tr>
    <td width="252" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;margin-left:15pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>Interest
      and debt expense<sup style='vertical-align:text-top;font-size:90%'>(c)</sup></font></p></td>
    <td width="14" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="10" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="43" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face=arial style='font-size:10.0pt'>217</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="10" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="43" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face=arial style='font-size:10.0pt'>70</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="10" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="33" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face=arial style='font-size:10.0pt'>292</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="10" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="33" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face=arial style='font-size:10.0pt'>300</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="10" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="33" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face=arial style='font-size:10.0pt'>266</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="10" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="33" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face=arial style='font-size:10.0pt'>335</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="10" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="33" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face=arial style='font-size:10.0pt'>310</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>&nbsp;</font></p></td></tr>
  <tr>
    <td width="252" valign=bottom style='border-bottom:white 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;margin-left:25pt;text-indent:-10.0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>Portion
      of lease rentals
        <br>representative of the interest
        <br>factor</font></p></td>
    <td width="14" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="10" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="43" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face=arial style='font-size:10.0pt'>8</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="10" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="43" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face=arial style='font-size:10.0pt'>12</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="10" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="33" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face=arial style='font-size:10.0pt'>52</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="10" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="33" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face=arial style='font-size:10.0pt'>47</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="10" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="33" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face=arial style='font-size:10.0pt'>40</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="10" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="33" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face=arial style='font-size:10.0pt'>8</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="10" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="33" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face=arial style='font-size:10.0pt'>6</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>&nbsp;</font></p></td></tr>
  <tr>
    <td width="252" valign=bottom>
      <p style='margin-top:2.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="14" valign=bottom>
      <p style='margin-top:2.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="10" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:2.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="43" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:2.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face=arial style='font-size:10.0pt'>516</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:2.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="10" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:2.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="43" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:2.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face=arial style='font-size:10.0pt'>553</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:2.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="10" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:2.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="33" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:2.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face=arial style='font-size:10.0pt'>1,981</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:2.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="10" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:2.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="33" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:2.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face=arial style='font-size:10.0pt'>1,058</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:2.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="10" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:2.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="33" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:2.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face=arial style='font-size:10.0pt'>1,286</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:2.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="10" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:2.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="33" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:2.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face=arial style='font-size:10.0pt'>1,007</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:2.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="10" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:2.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="33" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:2.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face=arial style='font-size:10.0pt'>269</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:2.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>&nbsp;</font></p></td></tr>
  <tr>
    <td width="252" valign=bottom style='border-bottom:white 2.25pt double'>
      <p style='margin-top:3.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>Earnings
      before fixed charges</font></p></td>
    <td width="14" valign=bottom>
      <p style='margin-top:3.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="10" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:3.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>$</font></p></td>
    <td width="43" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:3.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face=arial style='font-size:10.0pt'>1,738</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:3.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="10" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:3.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>$</font></p></td>
    <td width="43" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:3.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face=arial style='font-size:10.0pt'>1,716</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:3.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="10" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:3.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>$</font></p></td>
    <td width="33" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:3.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face=arial style='font-size:10.0pt'>6,501</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:3.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="10" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:3.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>$</font></p></td>
    <td width="33" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:3.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face=arial style='font-size:10.0pt'>6,134</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:3.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="10" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:3.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>$</font></p></td>
    <td width="33" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:3.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face=arial style='font-size:10.0pt'>3,768</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:3.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="10" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:3.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>$</font></p></td>
    <td width="33" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:3.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face=arial style='font-size:10.0pt'>2,707</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:3.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="10" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:3.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>$</font></p></td>
    <td width="33" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:3.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face=arial style='font-size:10.0pt'>1,825</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:3.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>&nbsp;</font></p></td></tr>
  <tr>
    <td width="252" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>Fixed
      charges</font></p></td>
    <td width="14" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="10" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="43" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="10" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="43" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="10" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="33" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="10" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="33" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="10" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="33" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="10" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="33" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="10" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="33" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>&nbsp;</font></p></td></tr>
  <tr>
    <td width="252" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;margin-left:25pt;text-indent:-10.0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>Interest
      and debt expense
        <br>including capitalized
        <br>interest<sup style='vertical-align:text-top;font-size:90%'>(c)</sup></font></p></td>
    <td width="14" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="10" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>$</font></p></td>
    <td width="43" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face=arial style='font-size:10.0pt'>235</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="10" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>$</font></p></td>
    <td width="43" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face=arial style='font-size:10.0pt'>80</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="10" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>$</font></p></td>
    <td width="33" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face=arial style='font-size:10.0pt'>347</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="10" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>$</font></p></td>
    <td width="33" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face=arial style='font-size:10.0pt'>326</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="10" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>$</font></p></td>
    <td width="33" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face=arial style='font-size:10.0pt'>281</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="10" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>$</font></p></td>
    <td width="33" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face=arial style='font-size:10.0pt'>341</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="10" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>$</font></p></td>
    <td width="33" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face=arial style='font-size:10.0pt'>321</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>&nbsp;</font></p></td></tr>
  <tr>
    <td width="252" valign=bottom style='border-bottom:white 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;margin-left:25pt;text-indent:-10.0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>Portion
      of lease rentals
        <br>representative of the interest
        <br>factor</font></p></td>
    <td width="14" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="10" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="43" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face=arial style='font-size:10.0pt'>8</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="10" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="43" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face=arial style='font-size:10.0pt'>12</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="10" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="33" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face=arial style='font-size:10.0pt'>52</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="10" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="33" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face=arial style='font-size:10.0pt'>47</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="10" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="33" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face=arial style='font-size:10.0pt'>40</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="10" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="33" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face=arial style='font-size:10.0pt'>8</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="10" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="33" valign=bottom style='border-bottom:black 1.0pt solid'>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face=arial style='font-size:10.0pt'>6</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>&nbsp;</font></p></td></tr>
  <tr>
    <td width="252" valign=bottom style='border-bottom:white 2.25pt double'>
      <p style='margin-top:3.0pt;margin-bottom:0pt;margin-left:15pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>Total
      fixed charges</font></p></td>
    <td width="14" valign=bottom>
      <p style='margin-top:3.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="10" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:3.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>$</font></p></td>
    <td width="43" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:3.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face=arial style='font-size:10.0pt'>243</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:3.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="10" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:3.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>$</font></p></td>
    <td width="43" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:3.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face=arial style='font-size:10.0pt'>92</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:3.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="10" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:3.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>$</font></p></td>
    <td width="33" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:3.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face=arial style='font-size:10.0pt'>399</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:3.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="10" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:3.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>$</font></p></td>
    <td width="33" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:3.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face=arial style='font-size:10.0pt'>373</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:3.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="10" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:3.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>$</font></p></td>
    <td width="33" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:3.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face=arial style='font-size:10.0pt'>321</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:3.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="10" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:3.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>$</font></p></td>
    <td width="33" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:3.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face=arial style='font-size:10.0pt'>349</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:3.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="10" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:3.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>$</font></p></td>
    <td width="33" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:3.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face=arial style='font-size:10.0pt'>327</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:3.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>&nbsp;</font></p></td></tr>
  <tr>
    <td width="252" valign=bottom style='border-bottom:double black 2.25pt'>
      <p style='margin-top:10.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>Ratio
      of earnings to fixed charges</font></p></td>
    <td width="14" valign=bottom>
      <p style='margin-top:10.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="10" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:10.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="43" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:10.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face=arial style='font-size:10.0pt'>7.15</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:10.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="10" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:10.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="43" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:10.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face=arial style='font-size:10.0pt'>18.65</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:10.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="10" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:10.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="33" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:10.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face=arial style='font-size:10.0pt'>16.29</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:10.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="10" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:10.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="33" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:10.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face=arial style='font-size:10.0pt'>16.45</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:10.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="10" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:10.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="33" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:10.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face=arial style='font-size:10.0pt'>11.74</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:10.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="10" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:10.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="33" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:10.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face=arial style='font-size:10.0pt'>7.76</font></p></td>
    <td width="21" valign=bottom>
      <p style='margin-top:10.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="10" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:10.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>&nbsp;</font></p></td>
    <td width="33" valign=bottom style='border-bottom:black 2.25pt double'>
      <p style='margin-top:10.0pt;margin-bottom:0pt;text-align:right;line-height:105%'><font face=arial style='font-size:10.0pt'>5.58</font></p></td>
    <td width="7" valign=bottom>
      <p style='margin-top:10.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:10.0pt'>&nbsp;</font></p></td></tr></table>

<table border="0" cellspacing=0 cellpadding=0 width="720" style='border-collapse:collapse'>
  <tr>
    <td width="25" valign=top>
      <p style='margin-top:2.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:9.0pt'>(a)</font></p></td>
    <td width="695" valign=top>
      <p style='margin-top:2.0pt;margin-bottom:0pt;text-align:justify;line-height:105%'><font face=arial style='font-size:9.0pt'>Represents
      minority interests in net income of majority-owned subsidiaries and partnerships having fixed charges.</font></p></td></tr>
  <tr>
    <td width="25" valign=top>
      <p style='margin-top:2.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:9.0pt'>(b)</font></p></td>
    <td width="695" valign=top>
      <p style='margin-top:2.0pt;margin-bottom:0pt;text-align:justify;line-height:105%'><font face=arial style='font-size:9.0pt'>Represents
      income from less-than-50-percent-owned equity investments adjusted to reflect only dividends received.</font></p></td></tr>
  <tr>
    <td width="25" valign=top>
      <p style='margin-top:2.0pt;margin-bottom:0pt;text-align:left;line-height:105%'><font face=arial style='font-size:9.0pt'>(c)</font></p></td>
    <td width="695" valign=top>
      <p style='margin-top:2.0pt;margin-bottom:0pt;text-align:justify;line-height:105%'><font face=arial style='font-size:9.0pt'>Includes
      proportionate share of interest and debt expense of less-than-50-percent-owned equity investments. The first quarter of 2007
      amount includes a pre-tax interest charge of $172 million for the repurchase of a portion of various debt issues totaling $659
      million in principal amount in a cash tender offer.</font></p></td></tr></table>

</body>

</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-31
<SEQUENCE>4
<FILENAME>ex311-20071q.htm
<DESCRIPTION>EXHIBIT 31.1
<TEXT>
<html>

<head>

<title>Exhibit 31.1</title>

</head>

<body bgcolor="#ffffff">

<p style='margin-top:0pt;margin-bottom:0pt;text-align:right;width:720'><font face="arial" style='font-size:10.0pt'><b>EXHIBIT
31.1</b></font></p>

<p style='margin-top:12.0pt;margin-bottom:0pt;text-align:center;width:720'><font face="arial" style='font-size:10.0pt'><b>RULE 13a
&#151; 14(a) / 15d &#151; 14(a)</b></font></p>

<p style='margin-top:0pt;margin-bottom:0pt;text-align:center;width:720'><font face="arial" style='font-size:10.0pt'><b>CERTIFICATION</b></font></p>

<p style='margin-top:0pt;margin-bottom:0pt;text-align:center;width:720'><font face="arial" style='font-size:10.0pt'><b>PURSUANT TO
&sect;302 OF THE SARBANES-OXLEY ACT OF 2002</b></font></p>

<p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;width:720'><font face="arial" style='font-size:10pt'>I, Ray R. Irani,
certify that:</font></p>

<p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;width:720'><font face="arial" style='font-size:10pt'>1.&nbsp;&nbsp;&nbsp;&nbsp;I
have reviewed this quarterly report on Form 10-Q of Occidental Petroleum Corporation;</font></p>

<p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;width:720'><font face="arial" style='font-size:10pt'>2.&nbsp;&nbsp;&nbsp;&nbsp;Based
on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to
make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the
period covered by this report;</font></p>

<p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;width:720'><font face="arial" style='font-size:10pt'>3.&nbsp;&nbsp;&nbsp;&nbsp;Based
on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material
respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in
this report;</font></p>

<p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;width:720'><font face="arial" style='font-size:10pt'>4.&nbsp;&nbsp;&nbsp;&nbsp;The
registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures
(as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act
Rules 13a-15(f) and 15d-15(f)) for the registrant and have:</font></p>

<p style='margin-top:12.0pt;margin-bottom:0pt;text-indent:.3in;text-align:left;width:720'><font face="arial" style='font-size:10pt'>(a)&nbsp;&nbsp;Designed
such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to
ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others
within those entities, particularly during the period in which this report is being prepared;</font></p>

<p style='margin-top:12.0pt;margin-bottom:0pt;text-indent:.3in;text-align:left;width:720'><font face="arial" style='font-size:10pt'>(b)&nbsp;&nbsp;Designed
such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our
supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial
statements for external purposes in accordance with generally accepted accounting principles;</font></p>

<p style='margin-top:12.0pt;margin-bottom:0pt;text-indent:.3in;text-align:left;width:720'><font face="arial" style='font-size:10pt'>(c)&nbsp;&nbsp;Evaluated
the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the
effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such
evaluation; and</font></p>

<p style='margin-top:12.0pt;margin-bottom:0pt;text-indent:.3in;text-align:left;width:720'><font face="arial" style='font-size:10pt'>(d)&nbsp;&nbsp;Disclosed
in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most
recent fiscal quarter (the registrant's fourth fiscal quarter in the case of an annual report) that has materially affected, or is
reasonably likely to materially affect, the registrant's internal control over financial reporting; and</font></p>

<p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;width:720'><font face="arial" style='font-size:10pt'>5.&nbsp;&nbsp;&nbsp;&nbsp;The
registrant's other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over
financial reporting, to the registrant's auditors and the audit committee of the registrant's board of directors (or persons
performing the equivalent functions):</font></p>

<p style='margin-top:12.0pt;margin-bottom:0pt;text-indent:.3in;text-align:left;width:720'><font face="arial" style='font-size:10pt'>(a)&nbsp;&nbsp;All
significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are
reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information;
and</font></p>

<p style='margin-top:12.0pt;margin-bottom:0pt;text-indent:.3in;text-align:left;width:720'><font face="arial" style='font-size:10pt'>(b)&nbsp;&nbsp;Any
fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal
control over financial reporting.</font></p>

<p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;width:720'><font face="arial" style='font-size:10pt'>Date:&nbsp;&nbsp;May
3, 2007</font></p>

<p style='margin-top:24.0pt;margin-bottom:0pt;margin-left:350px;text-align:left;width:350;border-bottom:black 1.0pt solid'><font face="arial" style='font-size:10pt'>/s/
Ray R. Irani</font></p>

<p style='margin-top:0pt;margin-bottom:0pt;margin-left:350px;text-align:left;width:350'><font face="arial" style='font-size:10pt'>Ray
R. Irani</font></p>

<p style='margin-top:0pt;margin-bottom:0pt;margin-left:350px;text-align:left;width:350'><font face="arial" style='font-size:10pt'>Chairman
of the Board of Directors, President and</font></p>

<p style='margin-top:0pt;margin-bottom:0pt;margin-left:350px;text-align:left;width:350'><font face="arial" style='font-size:10pt'>Chief
Executive Officer</font></p>

</body>

</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-31
<SEQUENCE>5
<FILENAME>ex312-20071q.htm
<DESCRIPTION>EXHIBIT 31.2
<TEXT>
<html>

<head>

<title>Exhibit 31.2</title>

</head>

<body bgcolor="#ffffff">

<p style='margin-top:0pt;margin-bottom:0pt;text-align:right;width:720'><font face="arial" style='font-size:10.0pt'><b>EXHIBIT
31.2</b></font></p>

<p style='margin-top:12.0pt;margin-bottom:0pt;text-align:center;width:720'><font face="arial" style='font-size:10.0pt'><b>RULE 13a
&#151; 14(a) / 15d &#151; 14(a)</b></font></p>

<p style='margin-top:0pt;margin-bottom:0pt;text-align:center;width:720'><font face="arial" style='font-size:10.0pt'><b>CERTIFICATION</b></font></p>

<p style='margin-top:0pt;margin-bottom:0pt;text-align:center;width:720'><font face="arial" style='font-size:10.0pt'><b>PURSUANT TO
&sect;302 OF THE SARBANES-OXLEY ACT OF 2002</b></font></p>

<p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;width:720'><font face="arial" style='font-size:10pt'>I, Stephen I.
Chazen, certify that:</font></p>

<p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;width:720'><font face="arial" style='font-size:10pt'>1.&nbsp;&nbsp;&nbsp;&nbsp;I
have reviewed this quarterly report on Form 10-Q of Occidental Petroleum Corporation;</font></p>

<p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;width:720'><font face="arial" style='font-size:10pt'>2.&nbsp;&nbsp;&nbsp;&nbsp;Based
on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to
make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the
period covered by this report;</font></p>

<p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;width:720'><font face="arial" style='font-size:10pt'>3.&nbsp;&nbsp;&nbsp;&nbsp;Based
on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material
respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in
this report;</font></p>

<p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;width:720'><font face="arial" style='font-size:10pt'>4.&nbsp;&nbsp;&nbsp;&nbsp;The
registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures
(as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act
Rules 13a-15(f) and 15d-15(f)) for the registrant and have:</font></p>

<p style='margin-top:12.0pt;margin-bottom:0pt;text-indent:.3in;text-align:left;width:720'><font face="arial" style='font-size:10pt'>(a)&nbsp;&nbsp;Designed
such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to
ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others
within those entities, particularly during the period in which this report is being prepared;</font></p>

<p style='margin-top:12.0pt;margin-bottom:0pt;text-indent:.3in;text-align:left;width:720'><font face="arial" style='font-size:10pt'>(b)&nbsp;&nbsp;Designed
such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our
supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial
statements for external purposes in accordance with generally accepted accounting principles;</font></p>

<p style='margin-top:12.0pt;margin-bottom:0pt;text-indent:.3in;text-align:left;width:720'><font face="arial" style='font-size:10pt'>(c)&nbsp;&nbsp;Evaluated
the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the
effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such
evaluation; and</font></p>

<p style='margin-top:12.0pt;margin-bottom:0pt;text-indent:.3in;text-align:left;width:720'><font face="arial" style='font-size:10pt'>(d)&nbsp;&nbsp;Disclosed
in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most
recent fiscal quarter (the registrant's fourth fiscal quarter in the case of an annual report) that has materially affected, or is
reasonably likely to materially affect, the registrant's internal control over financial reporting; and</font></p>

<p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;width:720'><font face="arial" style='font-size:10pt'>5.&nbsp;&nbsp;&nbsp;&nbsp;The
registrant's other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over
financial reporting, to the registrant's auditors and the audit committee of the registrant's board of directors (or persons
performing the equivalent functions):</font></p>

<p style='margin-top:12.0pt;margin-bottom:0pt;text-indent:.3in;text-align:left;width:720'><font face="arial" style='font-size:10pt'>(a)&nbsp;&nbsp;All
significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are
reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information;
and</font></p>

<p style='margin-top:12.0pt;margin-bottom:0pt;text-indent:.3in;text-align:left;width:720'><font face="arial" style='font-size:10pt'>(b)&nbsp;&nbsp;Any
fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal
control over financial reporting.</font></p>

<p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;width:720'><font face="arial" style='font-size:10pt'>Date:&nbsp;&nbsp;May 3,
2007</font></p>

<p style='margin-top:24.0pt;margin-bottom:0pt;margin-left:350px;text-align:left;width:350;border-bottom:black 1.0pt solid'><font face="arial" style='font-size:10pt'>/s/
Stephen I. Chazen</font></p>

<p style='margin-top:0pt;margin-bottom:0pt;margin-left:350px;text-align:left;width:350'><font face="arial" style='font-size:10pt'>Stephen
I. Chazen</font></p>

<p style='margin-top:0pt;margin-bottom:0pt;margin-left:350px;text-align:left;width:350'><font face="arial" style='font-size:10pt'>Senior
Executive Vice President and</font></p>

<p style='margin-top:0pt;margin-bottom:0pt;margin-left:350px;text-align:left;width:350'><font face="arial" style='font-size:10pt'>Chief
Financial Officer</font></p>

</body>

</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-32
<SEQUENCE>6
<FILENAME>ex321-20071q.htm
<DESCRIPTION>EXHIBIT 32.1
<TEXT>
<html>

<head>

<title>Exhibit 32.1</title>

</head>

<body bgcolor="#ffffff">

<p style='margin-top:0pt;margin-bottom:0pt;text-align:right;width:720'><font face="arial" style='font-size:10.0pt'><b>EXHIBIT
32.1</b></font></p>

<p style='margin-top:12.0pt;margin-bottom:0pt;text-align:center;width:720'><font face="arial" style='font-size:10.0pt'><b>CERTIFICATION
OF CEO AND CFO PURSUANT TO</b></font></p>

<p style='margin-top:0pt;margin-bottom:0pt;text-align:center;width:720'><font face="arial" style='font-size:10.0pt'><b>18 U.S.C.
&sect; 1350,</b></font></p>

<p style='margin-top:0pt;margin-bottom:0pt;text-align:center;width:720'><font face="arial" style='font-size:10.0pt'><b>AS ADOPTED
PURSUANT TO</b></font></p>

<p style='margin-top:0pt;margin-bottom:0pt;text-align:center;width:720'><font face="arial" style='font-size:10.0pt'><b>&sect; 906 OF
THE SARBANES-OXLEY ACT OF 2002</b></font></p>

<p style='margin-top:12pt;margin-bottom:0pt;text-align:left;width:720'><font face="arial" style='font-size:10.0pt'>In connection with
the Quarterly Report on Form 10-Q of Occidental Petroleum Corporation (the &#147;Company&#148;) for the fiscal period ended March
31, 2007, as filed with the Securities and Exchange Commission on May 3, 2007 (the &#147;Report&#148;), Ray R. Irani, as Chief
Executive Officer of the Company, and Stephen I. Chazen, as Chief Financial Officer of the Company, each hereby certifies, pursuant
to 18 U.S.C. &sect; 1350, as adopted pursuant to &sect; 906 of the Sarbanes-Oxley Act of 2002, that, to the best of his
knowledge:</font></p>

<table border="0" cellspacing=0 cellpadding=0 width="720" style='border-collapse:collapse'>
  <tr>
    <td width="75" valign=top>
      <p style='margin-top:12pt;margin-bottom:0pt;margin-left:.25in;text-align:left'><font face="arial" style='font-size:10.0pt'>(1)</font></p></td>
    <td width="645" valign=top>
      <p style='margin-top:12pt;margin-bottom:0pt;text-align:left'><font face="arial" style='font-size:10.0pt'>The Report fully
      complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and</font></p></td></tr>
  <tr>
    <td width="75" valign=top>
      <p style='margin-top:12pt;margin-bottom:0pt;margin-left:.25in;text-align:left'><font face="arial" style='font-size:10.0pt'>(2)</font></p></td>
    <td width="645" valign=top>
      <p style='margin-top:12pt;margin-bottom:0pt;text-align:left'><font face="arial" style='font-size:10.0pt'>The information
      contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the
      Company.</font></p></td></tr></table>

<p style='margin-top:24pt;margin-bottom:0pt;text-align:left;width:300;border-bottom:black 1.0pt solid'><font face="arial" style='font-size:10.0pt'>/s/
Ray R. Irani</font></p>

<table border="0" cellspacing=0 cellpadding=0 width="720" style='border-collapse:collapse'>
  <tr>
    <td width="50" valign=top>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left'><font face="arial" style='font-size:10.0pt'>Name:</font></p></td>
    <td width="670" valign=top>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left'><font face="arial" style='font-size:10.0pt'>Ray R.
      Irani</font></p></td></tr>
  <tr>
    <td width="50" valign=top>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left'><font face="arial" style='font-size:10.0pt'>Title:</font></p></td>
    <td width="670" valign=top>
      <p style='text-align:left;margin-top:0pt;margin-bottom:0pt'><font face=arial style='font-size:10.0pt'>Chairman of the Board of
      Directors, President and Chief Executive Officer</font></p></td></tr>
  <tr>
    <td width="50" valign=top>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left'><font face="arial" style='font-size:10.0pt'>Date:</font></p></td>
    <td width="670" valign=top>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left'><font face="arial" style='font-size:10.0pt'>May 3,
      2007</font></p></td></tr></table>

<p style='margin-top:24pt;margin-bottom:0pt;text-align:left;width:300;border-bottom:black 1.0pt solid'><font face="arial" style='font-size:10.0pt'>/s/
Stephen I. Chazen</font></p>

<table border="0" cellspacing=0 cellpadding=0 width="720" style='border-collapse:collapse'>
  <tr>
    <td width="50" valign=top>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left'><font face="arial" style='font-size:10.0pt'>Name:</font></p></td>
    <td width="670" valign=top>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left'><font face="arial" style='font-size:10.0pt'>Stephen I.
      Chazen</font></p></td></tr>
  <tr>
    <td width="50" valign=top>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left'><font face="arial" style='font-size:10.0pt'>Title:</font></p></td>
    <td width="670" valign=top>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left'><font face="arial" style='font-size:10.0pt'>Senior Executive Vice
      President and Chief Financial Officer</font></p></td></tr>
  <tr>
    <td width="50" valign=top>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left'><font face="arial" style='font-size:10.0pt'>Date:</font></p></td>
    <td width="670" valign=top>
      <p style='margin-top:0pt;margin-bottom:0pt;text-align:left'><font face="arial" style='font-size:10.0pt'>May 3,
      2007</font></p></td></tr></table>

<p style='margin-top:36.0pt;margin-bottom:0pt;text-align:left;width:720'><font face="arial" style='font-size:10.0pt'>A signed
original of this written statement required by Section 906 has been provided to Occidental Petroleum Corporation and will be
retained by Occidental Petroleum Corporation and furnished to the Securities and Exchange Commission or its staff upon
request.</font></p>

<p style='margin-top:12.0pt;margin-bottom:0pt;text-align:left;width:720'><font face="arial" style='font-size:10.0pt'>This
certification accompanies the Report pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 and shall not, except to the extent
required by the Sarbanes-Oxley Act of 2002, be deemed filed by the Company for purposes of Section 18 of the Securities Exchange Act
of 1934, as amended.</font></p>

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