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STOCKHOLDERS' EQUITY (Tables) | 12 Months Ended
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Dec. 31, 2022
Stockholders' Equity Note [Abstract] |
Schedule of Repurchase Agreements | The following table presents the effects of Occidental's share repurchases as part of the $3.0 billion stock repurchase plan announced in February 2022, along with other transactions in Occidental's stock:
Period |  | Exercise of Warrants and Options | (a) | Other | (b) | Treasury Stock Purchases | (c) | Common Stock Outstanding | (d)
December 31, 2021 |  |  |  |  |  |  |  | 934,074,700 |  |
First Quarter 2022 |  | 1,082,282 |  |  | 2,764,746 |  |  | (730,746) |  |  | 937,190,982 |  |
Second Quarter 2022 |  | 3,409,920 |  |  | 42,342 |  |  | (11,679,732) |  |  | 928,963,512 |  |
Third Quarter 2022 |  | 7,667,545 |  |  | 18,280 |  |  | (28,571,576) |  |  | 908,077,761 |  |
Fourth Quarter 2022 |  | 86,309 |  |  | 18,108 |  |  | (8,323,234) |  |  | 899,858,944 |  |
Total 2022 |  | 12,246,056 |  |  | 2,843,476 |  |  | (49,305,288) |  |  | 899,858,944 |  |
(a) Approximately $280 million of cash was received as a result of the exercise of common stock warrants and options. (b) Consisted of issuances for the 2015 long-term incentive plan, the OPC savings plan, dividend reinvestment plan and Anadarko restricted stock awards. (c) Included purchases of 1,640,719 shares from the trustee of Occidental's defined contribution savings plan that are not part of publicly announced plans or programs. (d) As of December 31, 2022, Occidental had 104 million outstanding warrants with a strike of $22 per share and 83.9 million of warrants with a strike of $59.62 per share.
Calculation of Basic and Diluted EPS | The following table presents the calculation of basic and diluted EPS for the years ended December 31:
millions except per share amounts |  | 2022 |  | 2021 |  | 2020
Income (loss) from continuing operations |  | $ | 13,304 |  |  | $ | 2,790 |  |  | $ | (13,533) |
Loss from discontinued operations |  | — |  |  | (468) |  |  | (1,298) |
Net income (loss) |  | $ | 13,304 |  |  | $ | 2,322 |  |  | $ | (14,831) |
Less: Preferred stock dividends |  | (800) |  |  | (800) |  |  | (844) |
Net income (loss) attributable to common stock |  | $ | 12,504 |  |  | $ | 1,522 |  |  | $ | (15,675) |
Less: Net income allocated to participating securities |  | (83) |  |  | (10) |  |  | — |
Net income (loss), net of participating securities |  | $ | 12,421 |  |  | $ | 1,512 |  |  | $ | (15,675) |
Weighted-average number of basic shares |  | 926.2 |  |  | 935.0 |  |  | 918.7 |
Basic earnings (loss) per common share |  | $ | 13.41 |  |  | $ | 1.62 |  |  | $ | (17.06) |
Net income (loss) attributable to common stock |  | $ | 12,504 |  |  | $ | 1,522 |  |  | $ | (15,675) |
Less: Net income allocated to participating securities |  | (77) |  |  | (10) |  |  | — |
Net income (loss), net of participating securities |  | $ | 12,427 |  |  | $ | 1,512 |  |  | $ | (15,675) |
Weighted-average number of basic shares |  | 926.2 |  |  | 935.0 |  |  | 918.7 |
Dilutive securities |  | 75.8 |  |  | 23.8 |  |  | — |
Total diluted weighted-average common shares |  | 1,002.0 |  |  | 958.8 |  |  | 918.7 |
Diluted earnings (loss) per common share |  | $ | 12.40 |  |  | $ | 1.58 |  |  | $ | (17.06) |
Components of accumulated other comprehensive income (loss) | Accumulated OCI (loss) consisted of the following after-tax amounts as of December 31:
millions |  | 2022 |  | 2021
Foreign currency translation adjustments |  | $ | (5) |  |  | $ | (8) |
Derivatives |  | (25) |  |  | (104) |
Pension and postretirement adjustments (a) |  | 225 |  |  | (96) |
Total |  | $ | 195 |  |  | $ | (208) |
(a)See Note 11 - Retirement and Postretirement Benefit Plans for further information.

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