Occidental Petroleum 2002 Annual Report Download - page 94

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------------ ------------ ------------ ------------
Diluted earnings per common share $ .07 $ .63 $ 1.06 $ .84
============ ============ ============ ============
Dividends per common share $ .25 $ .25 $ .25 $ .25
============ ============ ============ ============
Market price per common share
High $ 29.19 $ 30.75 $ 30.08 $ 30.74
Low $ 24.29 $ 28.05 $ 22.98 $ 26.47
============================================================= ============ ============ ============ ============
(a) Includes $164 million net of tax gain related to the sale of the investment
in Equistar.
73
2001 QUARTERLY FINANCIAL DATA (Unaudited) Occidental Petroleum Corporation
In millions, except per-share amounts and Subsidiaries
Three months ended MARCH 31 JUNE 30 SEPTEMBER 30 DECEMBER 31
============================================================= ========== ========= ============ ===========
Segment net sales
Oil and gas $ 1,620 $ 1,439 $ 1,251 $ 824
Chemical 831 845 732 560
---------- --------- ------------ -----------
Net sales $ 2,451 $ 2,284 $ 1,983 $ 1,384
========== ========= ============ ===========
Gross profit $ 1,183 $ 1,087 $ 864 $ 413
========== ========= ============ ===========
Segment earnings(loss)
Oil and gas $ 946 $ 806 $ 927 $ 166
Chemical (79) 54 38 (412)
---------- --------- ------------ -----------
867 860 965 (246)
Unallocated corporate items
Interest expense, net (79) (71) (60) (62)
Income taxes (174) (247) (128) 190
Trust preferred distributions and other (16) (14) (13) (13)
Other (89) (57) (321) (113)
---------- --------- ------------ -----------
Income from continuing operations 509 471 443 (244)
Discontinued operations, net (1) 2 1 (3)
Cumulative effect of changes in accounting principles, net (24) -- -- --
---------- --------- ------------ -----------
Net income $ 484 (a) $ 473 $ 444 (b) $ (247) (c)
========== ========= ============ ===========
Basic earnings per common share
Income from continuing operations $ 1.37 $ 1.27 $ 1.19 $ (.65)
Discontinued operations, net -- -- -- (.01)
Cumulative effect of changes in accounting principles, net (.06) -- -- --
---------- --------- ------------ -----------
Basic earnings per common share $ 1.31 $ 1.27 $ 1.19 $ (.66)
========== ========= ============ ===========
Diluted earnings per common share
Income from continuing operations $ 1.36 $ 1.26 $ 1.18 $ (.65)
Discontinued operations, net -- -- -- (.01)
Cumulative effect of changes in accounting principles, net (.06) -- -- --
---------- --------- ------------ -----------
Diluted earnings per common share $ 1.30 $ 1.26 $ 1.18 $ (.66)
========== ========= ============ ===========
Dividends per common share $ .25 $ .25 $ .25 $ .25
========== ========= ============ ===========
Market price per common share
High $ 26.39 $ 31.08 $ 28.55 $ 26.93
Low $ 22.10 $ 24.39 $ 21.90 $ 23.56
============================================================= ========== ========= ============ ===========
(a) Includes a $70 million pre-tax gain on the settlement of a state-tax issue.
(b) Includes a $399 million after-tax gain from the sale of interest in the
Tangguh LNG project and an after-tax loss of $272 million from the sale of
a pipeline-owning entity.
(c) Includes a $412 million pre-tax writedown of the Equistar investment.
74