XML 69 R43.htm IDEA: XBRL DOCUMENT
v3.25.0.1

STOCKHOLDERS' EQUITY (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2024
Stockholders' Equity Note [Abstract] |
Schedule of repurchase agreements | The following table presents Occidental's common share activity, including exercises of warrants, and other transactions in Occidental's common stock in 2024:
Period | Exercise of Warrants and Options | (a) | CrownRock Acquisition | Other | (b) | Treasury Stock Purchases | (c) | Common Stock Outstanding | (d)
December 31, 2023 |  |  |  |  |  |  |  | 879,463,103 |  |
First Quarter 2024 | 3,277,628 |  |  | — |  | 3,978,999 |  |  | — |  |  | 886,719,730 |  |
Second Quarter 2024 | 18,875,864 |  |  | — |  | 94,789 |  |  | (130,424) |  |  | 905,559,959 |  |
Third Quarter 2024 | 3,032,136 |  |  | 29,560,619 |  | 21,504 |  |  | — |  |  | 938,174,218 |  |
Fourth Quarter 2024 | 246,049 |  |  | — |  | 165,079 |  |  | (127,363) |  |  | 938,457,983 |  |
Total 2024 | 25,431,677 |  |  | 29,560,619 |  | 4,260,371 |  |  | (257,787) |  |  | 938,457,983 |  |
(a) Approximately $559 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 and the dividend reinvestment plan. (c) Consisted of purchases of 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, 2024, Occidental had 74.0 million of outstanding warrants with a strike price of $22 per share and 83.9 million of warrants with a strike price 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 | 2024 | 2023 | 2022
Income from continuing operations | $ | 2,896 |  | $ | 4,696 |  | $ | 13,304 |
Income from discontinued operations, net of tax | 182 |  | — |  | — |
Net income | $ | 3,078 |  | $ | 4,696 |  | $ | 13,304 |
Less: Net income attributable to noncontrolling interest | (22) |  | — |  | — |
Less: Preferred stock dividends | (679) |  | (923) |  | (800) |
Net income attributable to common stock | $ | 2,377 |  | $ | 3,773 |  | $ | 12,504 |
Less: Net income allocated to participating securities | (13) |  | (23) |  | (83) |
Net income, net of participating securities | $ | 2,364 |  | $ | 3,750 |  | $ | 12,421 |
Weighted-average number of basic shares | 911.8 |  | 889.2 |  | 926.2 |
Basic earnings per common share | $ | 2.59 |  | $ | 4.22 |  | $ | 13.41 |
Net income attributable to common stock | $ | 2,377 |  | $ | 3,773 |  | $ | 12,504 |
Less: Net income allocated to participating securities | (13) |  | (21) |  | (77) |
Net income, net of participating securities | $ | 2,364 |  | $ | 3,752 |  | $ | 12,427 |
Weighted-average number of basic shares | 911.8 |  | 889.2 |  | 926.2 |
Dilutive securities | 55.3 |  | 71.7 |  | 75.8 |
Total diluted weighted-average common shares | 967.1 |  | 960.9 |  | 1,002.0 |
Diluted earnings per common share | $ | 2.44 |  | $ | 3.90 |  | $ | 12.40 |
Components of accumulated other comprehensive income (loss) | Accumulated OCI (loss) consisted of the following after-tax amounts as of December 31:
millions | 2024 | 2023
Foreign currency translation adjustments | $ | (6) |  | $ | (4) |
Derivatives | 15 |  | 20 |
Pension and postretirement adjustments (a) | 170 |  | 259 |
Total | $ | 179 |  | $ | 275 |
(a)See Note 11 - Retirement and Postretirement Benefit Plans for further information.

X
- Definition Tabular disclosure of the components of accumulated other comprehensive income (loss). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 14A -Publisher FASB -URI https://asc.fasb.org/1943274/2147482790/220-10-45-14A Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 830 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481674/830-30-50-1 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 830 -SubTopic 30 -Name Accounting Standards Codification -Section 45 -Paragraph 20 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481694/830-30-45-20 + Details
Name: | us-gaap_ScheduleOfAccumulatedOtherComprehensiveIncomeLossTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-1 + Details
Name: | us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for repurchase agreements. + References No definition available. + Details
Name: | us-gaap_ScheduleOfRepurchaseAgreements
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

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