Occidental Petroleum 2001 Annual Report Download - page 12

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New York Stock Exchange and quarterly dividend information.
The quarterly dividend rate for the common stock is $.25 per share. On
February 14, 2002, a dividend of $.25 per share was declared on the common
stock, payable on April 15, 2002 to stockholders of record on March 8. The
declaration of future cash dividends is a business decision made by the Board of
Directors from time to time, and will depend on Occidental's financial condition
and other factors deemed relevant by the Board.
SECURITIES AUTHORIZED FOR ISSUANCE UNDER EQUITY COMPENSATION PLANS
Occidental has three equity compensation plans for its employees pursuant
to which options, rights or warrants may be granted. See Note 11 to the
Consolidated Financial Statements for further information on the material terms
of these plans.
The following is a summary of the shares reserved for issuance pursuant to
outstanding options, rights or warrants granted under equity compensation plans
approved by Occidental's stockholders as of December 31, 2001:
(a) Number of (b) Weighted- (c) Number of securities
securities to be average remaining available
issued, upon exercise price for future issuance
exercise of out- of outstanding under equity
standing options, options, compensation plans,
warrants and warrants and excluding securities
rights rights in column (a)
------------------------ ------------------------- -------------------------
25,390,177 $23.3963 13,245,385*
* Includes 2,820,885 shares and 3,316 shares reserved for issuance pursuant
to outstanding performance stock awards and restricted stock awards under
the 1995 Incentive Stock Plan and the 2001 Incentive Compensation Plan,
respectively. The remaining 10,421,184 shares are available under the 2001
Incentive Compensation Plan, all of which may be issued or reserved for
issuance for options, rights and warrants as well as performance stock
awards, restricted stock awards and stock bonuses.
At December 31, 2001, Occidental had no equity compensation plans, pursuant
to which options, rights or warrants could be granted, that were not approved by
shareholders.
11
ITEM 6 SELECTED FINANCIAL DATA
FIVE-YEAR SUMMARY OF SELECTED FINANCIAL DATA Occidental Petroleum Corporation
Dollar amounts in millions, except per-share amounts and Subsidiaries
For the years ended December 31, 2001 2000 1999 1998 1997
======================================================== ========== ========== ========== ========== ==========
RESULTS OF OPERATIONS(a)
Net sales $ 13,985 $ 13,574 $ 7,820 $ 6,805 $ 8,325
Income from continuing operations $ 1,186 $ 1,569 $ 568 $ 325 $ 217
Net income(loss) $ 1,154 $ 1,570 $ 448 $ 363 $ (390)
Earnings(loss) applicable to common stock $ 1,154 $ 1,571 $ 442 $ 346 $ (478)
Basic earnings per common share from
continuing operations $ 3.18 $ 4.26 $ 1.58 $ .88 $ .39
Basic earnings(loss) per common share $ 3.10 $ 4.26 $ 1.24 $ .99 $ (1.43)
Diluted earnings(loss) per common share $ 3.09 $ 4.26 $ 1.24 $ .99 $ (1.43)
Earnings before special items(b) $ 1,328 $ 1,326 $ 253 $ 104 $ 691
FINANCIAL POSITION(a)
Total assets $ 17,850 $ 19,414 $ 14,125 $ 15,252 $ 15,291
Long-term debt, net and Altura non-recourse debt $ 4,065 $ 5,185 $ 4,368 $ 5,367 $ 4,925
Trust Preferred Securities and preferred stock $ 463 $ 473 $ 486 $ 243 $ 1,177
Common stockholders' equity $ 5,634 $ 4,774 $ 3,523 $ 3,120 $ 3,109
Dividends per common share $ 1.00 $ 1.00 $ 1.00 $ 1.00 $ 1.00
AVERAGE SHARES OUTSTANDING (thousands) 372,382 368,973 355,381 350,173 334,341
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