Occidental Petroleum 2012 Annual Report Download - page 22
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Industry Outlook
SEGMENT RESULTS OF OPERATIONS
In millions,
except per share amounts
For the years ended December
31,
2011
2010
(a)
Oil and Gas
$18,419
$14,276
Chemical
4,815
4,016
Midstream and Marketing
1,447
1,471
Eliminations (a)
(742)
(718)
$23,939
$19,045
Oil and Gas (b,c)
$10,241
$7,151
Chemical
861
438
Midstream and Marketing
448
472
11,550
8,061
Interest expense, net (d)
(284)
(93)
Income taxes (e)
(4,201)
(2,995)
Other
(425)
(404)
Income from continuing
operations (b)
6,640
4,569
Discontinued operations, net
(f)
131
(39)
Net Income (b)
$6,771
$4,530
Basic Earnings per Common
Share
$8.32
$5.57