Occidental Petroleum 2008 Annual Report Download - page 88

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2007 Quarterly Financial Data (Unaudited)
In millions, except per-share amounts
Occidental Petroleum Corporation
and Subsidiaries
Three months ended March 31 June 30 September 30 December 31
Segment net sales
Oil and gas $2,720 $3,061 $3,401 $4,122
Chemical 1,060 1,229 1,241 1,134
Midstream, marketing and other 358 280 337 413
Eliminations (123) (159) (138) (152)
Net sales $4,015 $4,411 $4,841 $5,517
Gross profit $1,911 $2,152 $2,485 $3,030
Segment earnings
Oil and gas $1,883 $1,658 $1,955 $2,461
Chemical 137 158 212 94
Midstream, marketing and other 118 25 86 138
2,138 1,841 2,253 2,693
Unallocated corporate items
Interest expense, net (181) 6 (11) (13)
Income taxes (684) (904) (862) (1,057)
Other (104) 202 (64) (175)
Income from continuing operations 1,169 1,145 1,316 1,448
Discontinued operations, net 43 267 8 4
Net income $1,212 $1,412 $1,324 $1,452
Basic earnings per common share
Income from continuing operations $1.39 $1.36 $1.58 $1.75
Discontinued operations, net 0.05 0.32 0.01 —
Basic earnings per common share $1.44 $1.68 $1.59 $1.75
Diluted earnings per common share
Income from continuing operations $1.38 $1.36 $1.57 $1.74
Discontinued operations, net 0.05 0.32 0.01 —
Diluted earnings per common share $1.43 $1.68 $1.58 $1.74
Dividends per common share $0.22 $0.22 $0.25 $0.25
Market price per common share
High $50.46 $59.73 $65.86 $79.25
Low $42.06 $49.07 $50.66 $63.29
74
Supplemental Oil and Gas Information (Unaudited)