Occidental Petroleum 2003 Annual Report Download - page 86

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Net income $ 325 $ 374 $ 446 $ 382
============ ============ ============ ============
Basic earnings per common share
Income from continuing operations $ 1.04 $ .98 $ 1.16 $ .99
Discontinued operations, net -- -- -- --
Cumulative effect of changes in accounting principles, net (.18) -- -- --
------------ ------------ ------------ ------------
Basic earnings per common share $ .86 $ .98 $ 1.16 $ .99
============ ============ ============ ============
Diluted earnings per common share
Income from continuing operations $ 1.03 $ .97 $ 1.14 $ .97
Discontinued operations, net -- -- -- --
Cumulative effect of changes in accounting principles, net (.18) -- -- --
------------ ------------ ------------ ------------
Diluted earnings per common share $ .85 $ .97 $ 1.14 $ .97
============ ============ ============ ============
Dividends per common share $ .26 $ .26 $ .26 $ .26
============ ============ ============ ============
Market price per common share
High $ 30.74 $ 34.40 $ 35.84 $ 42.98
Low $ 27.17 $ 29.55 $ 30.64 $ 34.70
============================================================= ============ ============ ============ ============
69
2002 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 $ 958 $ 1,165 $ 1,224 $ 1,287
Chemical 565 702 739 698
------------ ------------ ------------ ------------
Net sales $ 1,523 $ 1,867 $ 1,963 $ 1,985
============ ============ ============ ============
Gross profit $ 536 $ 742 $ 838 $ 856
============ ============ ============ ============
Segment earnings(loss)
Oil and gas $ 306 $ 421 $ 490 $ 490
Chemical (31) 34 214 58
------------ ------------ ------------ ------------
275 455 704 548
Unallocated corporate items
Interest expense, net (56) (66) (73) (58)
Income taxes (44) (101) (105) (114)
Trust preferred distributions and other (11) (12) (12) (12)
Other (41) (35) (38) (41)
------------ ------------ ------------ ------------
Income from continuing operations 123 241 476 323
Discontinued operations, net (3) (1) (74) (1)
Cumulative effect of changes in accounting principles, net (95) -- -- --
------------ ------------ ------------ ------------
Net income $ 25 $ 240 $ 402 $ 322
============ ============ ============ ============
Basic earnings per common share
Income from continuing operations $ .33 $ .64 $ 1.26 $ .85
Discontinued operations, net (.01) -- (.19) --
Cumulative effect of changes in accounting principles, net (.25) -- -- --
------------ ------------ ------------ ------------
Basic earnings per common share $ .07 $ .64 $ 1.07 $ .85
============ ============ ============ ============
Diluted earnings per common share
Income from continuing operations $ .33 $ .63 $ 1.25 $ .84
Discontinued operations, net (.01) -- (.19) --
Cumulative effect of changes in accounting principles, net (.25) -- -- --
------------ ------------ ------------ ------------
Diluted earnings per common share $ .07 $ .63 $ 1.06 $ .84
============ ============ ============ ============