Occidental Petroleum 2002 Annual Report Download - page 8

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New York Stock Exchange and quarterly dividend information.
In 2002, the quarterly dividend rate for the common stock was $.25 per
share. On December 10, 2002, a dividend of $.26 per share was declared on the
common stock, payable on April 15, 2003 to stockholders of record on March 10,
2003. 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 that were
approved by the stockholders, pursuant to which options, rights or warrants may
be granted and one equity compensation plan for its nonemployee directors that
was approved by the stockholders. See Note 11 to the Consolidated Financial
Statements for further information on the material terms of these plans.
Occidental has no other equity compensation plans pursuant to which options,
rights or warrants could be granted.
The following is a summary of the shares reserved for issuance as of
December 31, 2002, pursuant to outstanding options, rights or warrants granted
under Occidental's equity compensation plans:
(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 in
rights rights column (a)
---------------------- ------------------- -------------------------
26,971,625 $24.2191 8,202,122 *
* Includes, with respect to the 1995 Incentive Stock Plan, 2,231,700 shares
at maximum target level (1,115,850 at target level) reserved for issuance
pursuant to outstanding performance stock awards, including 855,372 shares
at maximum target level (427,686 at target level) eligible for
certification in February 2003, and 313,276 deferred performance and
restricted stock awards and, with respect to the 2001 Incentive
Compensation Plan, 623,094 shares at maximum target level (311,547 at
target level) reserved for issuance pursuant to outstanding performance
stock awards, 923,224 shares reserved for issuance pursuant to restricted
stock awards and 2,025 shares reserved for issuance as dividend equivalents
under the 2001 Incentive Compensation Plan. Of the remaining 4,108,803
shares, 4,049,638 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, stock bonuses and dividend equivalents and 59,165
shares are available for issuance under the Restricted Stock Plan for
nonemployee directors.
7
ITEM 6 SELECTED FINANCIAL DATA
FIVE-YEAR SUMMARY OF SELECTED FINANCIAL DATA
Dollar amounts in millions, except per-share amounts
For the years ended December 31, 2002 2001 2000 1999 1998
============================================================== ========== ========== ========== ========== ==========
RESULTS OF OPERATIONS(a)