XML 30 R20.htm IDEA: XBRL DOCUMENT
v3.10.0.1

Earnings Per Share | 9 Months Ended
--- | ---
Sep. 30, 2018
Earnings Per Share [Abstract] |
Earnings Per Share | Earnings Per Share Basic earnings per share (EPS) was computed by dividing net income attributable to common stock, net of income allocated to participating securities, by the weighted-average number of common shares outstanding during each period, net of treasury shares and including vested but unissued shares and share units. The computation of diluted EPS reflects the additional dilutive effect of stock options and unvested stock awards. Occidental’s instruments containing rights to nonforfeitable dividends granted in stock-based awards are considered participating securities prior to vesting and, therefore, net income allocated to these participating securities has been deducted from earnings in computing basic and diluted EPS under the two-class method. The following table presents the calculation of basic and diluted EPS for the three and nine months ended September 30, 2018, and 2017 (in millions, except per-share amounts):
|  | Three months ended September 30 |  | Nine months ended September 30
|  | 2018 |  | 2017 |  | 2018 |  | 2017
Basic EPS |  |  |  |  |  |  |  |
Net Income |  | $ | 1,869 |  |  | $ | 190 |  |  | $ | 3,425 |  |  | $ | 814 |
Less: Net income allocated to participating securities |  | (8 | ) |  | (1 | ) |  | (16 | ) |  | (4 | )
Net Income, net of participating securities |  | 1,861 |  |  | 189 |  |  | 3,409 |  |  | 810 |
Weighted average number of basic shares |  | 761.7 |  |  | 765.5 |  |  | 764.3 |  |  | 764.9 |
Basic EPS |  | $ | 2.44 |  |  | $ | 0.25 |  |  | $ | 4.46 |  |  | $ | 1.06 |
Diluted EPS |  |  |  |  |  |  |  |
Net income, net of participating securities |  | $ | 1,861 |  |  | $ | 189 |  |  | $ | 3,409 |  |  | $ | 810 |
Weighted average number of basic shares |  | 761.7 |  |  | 765.5 |  |  | 764.3 |  |  | 764.9 |
Dilutive effect of potentially dilutive securities |  | 1.6 |  |  | 0.9 |  |  | 1.5 |  |  | 0.8 |
Total diluted weighted average common shares |  | 763.3 |  |  | 766.4 |  |  | 765.8 |  |  | 765.7 |
Diluted EPS |  | $ | 2.44 |  |  | $ | 0.25 |  |  | $ | 4.45 |  |  | $ | 1.06 |

X
- References No definition available. + Details
Name: | us-gaap_EarningsPerShareAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for earnings per share. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -URI http://asc.fasb.org/topic&trid=2144383 + Details
Name: | us-gaap_EarningsPerShareTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration