EXHIBIT 11
OCCIDENTAL PETROLEUM CORPORATION AND SUBSIDIARIES
COMPUTATION OF EARNINGS PER SHARE
FOR THE THREE AND NINE MONTHS ENDED SEPTEMBER 30, 2007 AND 2006
(Amounts in millions, except per-share amounts)
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Periods Ended September 30 |
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Three Months |
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Nine 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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$ |
1,324 |
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$ |
1,170 |
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$ |
3,948 |
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$ |
3,261 |
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Basic shares |
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Weighted average common |
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shares outstanding |
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875.9 |
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867.1 |
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873.1 |
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857.9 |
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Treasury stock |
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(45.2 |
) |
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(22.1 |
) |
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(39.5 |
) |
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(11.7 |
) |
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Vested, unissued shares |
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2.4 |
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7.8 |
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3.4 |
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|
8.0 |
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Basic shares |
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833.1 |
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852.8 |
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|
837.0 |
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854.2 |
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Basic earnings per share |
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Income from continuing operations |
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$ |
1.58 |
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$ |
1.29 |
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$ |
4.34 |
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$ |
3.90 |
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Discontinued operations, net |
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|
0.01 |
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|
0.08 |
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|
0.38 |
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(0.08 |
) |
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Basic earnings per common share |
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$ |
1.59 |
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$ |
1.37 |
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$ |
4.72 |
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$ |
3.82 |
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DILUTED EARNINGS PER SHARE |
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Earnings applicable to common stock |
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$ |
1,324 |
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$ |
1,170 |
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$ |
3,948 |
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$ |
3,261 |
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Diluted shares |
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Basic shares |
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833.1 |
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|
852.8 |
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837.0 |
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854.2 |
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Dilutive effect of stock options and |
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unvested restricted shares |
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3.9 |
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7.5 |
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3.9 |
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8.8 |
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Diluted shares |
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|
837.0 |
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|
860.3 |
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|
840.9 |
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|
863.0 |
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Diluted earnings per share |
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Income from continuing operations |
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$ |
1.57 |
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$ |
1.28 |
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$ |
4.31 |
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$ |
3.86 |
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Discontinued operations, net |
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|
0.01 |
|
|
0.08 |
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|
0.38 |
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(0.08 |
) |
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Diluted earnings per common share |
|
$ |
1.58 |
|
$ |
1.36 |
|
$ |
4.69 |
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$ |
3.78 |
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