Occidental Petroleum 2001 Annual Report Download - page 2

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PART I PAGE
ITEMS 1 AND 2 Business and Properties.................................................................. 3
General.................................................................................. 3
Segment Information...................................................................... 3
Oil and Gas Operations................................................................... 3
Chemical Operations...................................................................... 5
Capital Expenditures..................................................................... 9
Employees................................................................................ 9
Environmental Regulation................................................................. 9
ITEM 3 Legal Proceedings........................................................................ 9
Environmental Proceedings................................................................ 9
ITEM 4 Submission of Matters to a Vote of Security Holders...................................... 10
Executive Officers of the Registrant..................................................... 10
PART II
ITEM 5 Market for Registrant's Common Equity and Related Stockholder Matters.................... 11
ITEM 6 Selected Financial Data.................................................................. 12
ITEM 7 Management's Discussion and Analysis of Financial Condition and Results of
Operations (Incorporating Item 7A)....................................................... 12
2001 Business Environment................................................................ 12
Strategic Overview and Review of Business Results - 1999 - 2001.................. 13
2002 Outlook..................................................................... 16
Income Summary................................................................... 17
Segment Operations............................................................... 17
Special Items.................................................................... 19
Consolidated Operations - Revenues............................................... 20
Consolidated Operations - Expenses............................................... 20
Liquidity and Capital Resources.................................................. 20
Analysis of Financial Position................................................... 24
Acquisitions, Dispositions and Commitments....................................... 25
Derivative and Hedging Activities................................................ 27
Taxes............................................................................ 30
Lawsuits, Claims, Commitments, Contingencies and Related Matters................. 30
Environmental Expenditures....................................................... 30
Foreign Investments.............................................................. 31
Critical Accounting Policies..................................................... 31
Additional Accounting Changes.................................................... 32
Safe Harbor Statement Regarding Outlook and Other Forward-Looking Data........... 33
Report of Management............................................................. 33
ITEM 8 Financial Statements and Supplementary Data.............................................. 34
Report of Independent Public Accountants......................................... 34
Consolidated Statements of Operations............................................ 35
Consolidated Balance Sheets...................................................... 36
Consolidated Statements of Stockholders' Equity.................................. 38
Consolidated Statements of Comprehensive Income.................................. 38
Consolidated Statements of Cash Flows............................................ 39
Notes to Consolidated Financial Statements....................................... 40
Quarterly Financial Data (Unaudited)............................................. 69
Supplemental Oil and Gas Information (Unaudited)................................. 71
Financial Statement Schedule:
Schedule II - Valuation and Qualifying Accounts (Unaudited)...................... 76
ITEM 9 Changes in and Disagreements with Accountants on Accounting and Financial Disclosure..... 77
PART III
ITEM 10 Directors and Executive Officers of the Registrant....................................... 77
ITEM 11 Executive Compensation................................................................... 77
ITEM 12 Security Ownership of Certain Beneficial Owners and Management........................... 77
ITEM 13 Certain Relationships and Related Transactions........................................... 77
PART IV
ITEM 14 Exhibits, Financial Statement Schedules and Reports on Form 8-K.......................... 77
PART I