EXHIBIT 11
OCCIDENTAL PETROLEUM CORPORATION AND SUBSIDIARIES
COMPUTATION OF EARNINGS PER SHARE
FOR THE THREE AND SIX MONTHS ENDED JUNE 30, 2007 AND 2006
(Amounts in millions, except per-share amounts)
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Periods Ended June 30 |
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Three Months |
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Six Months |
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2007 |
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2006 |
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2007 |
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2006 |
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BASIC EARNINGS PER SHARE |
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Earnings applicable to common stock |
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$ |
1,412 |
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$ |
860 |
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$ |
2,624 |
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$ |
2,091 |
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Basic shares |
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Weighted average common |
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shares outstanding |
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872.1 |
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864.2 |
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871.6 |
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853.3 |
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Treasury stock |
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(38.9 |
) |
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(11.8 |
) |
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(36.6 |
) |
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(6.6 |
) |
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Vested, unissued shares |
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4.5 |
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7.8 |
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4.3 |
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7.8 |
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Basic shares |
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837.7 |
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860.2 |
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839.3 |
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854.5 |
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Basic earnings per share |
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Income from continuing operations |
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$ |
1.36 |
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$ |
1.33 |
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$ |
2.76 |
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$ |
2.61 |
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Discontinued operations, net |
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0.32 |
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(0.33 |
) |
|
0.37 |
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(0.16 |
) |
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Basic earnings per common share |
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$ |
1.68 |
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$ |
1.00 |
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$ |
3.13 |
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$ |
2.45 |
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DILUTED EARNINGS PER SHARE |
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Earnings applicable to common stock |
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$ |
1,412 |
|
$ |
860 |
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$ |
2,624 |
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$ |
2,091 |
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Diluted shares |
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Basic shares |
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837.7 |
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860.2 |
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839.3 |
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854.5 |
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Dilutive effect of stock options and |
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restricted share plans |
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4.1 |
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7.5 |
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3.9 |
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9.8 |
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Diluted shares |
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841.8 |
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867.7 |
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843.2 |
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864.3 |
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Diluted earnings per share |
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Income from continuing operations |
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$ |
1.36 |
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$ |
1.32 |
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$ |
2.74 |
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$ |
2.58 |
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Discontinued operations, net |
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|
0.32 |
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(0.33 |
) |
|
0.37 |
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(0.16 |
) |
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Diluted earnings per common share |
|
$ |
1.68 |
|
$ |
0.99 |
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$ |
3.11 |
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$ |
2.42 |
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