equity market value $ 42 billion - cipa · Ø equity market value $ 42 billion Ø total debt...

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Ø Equity Market Value $ 42 Billion

Ø Total Debt (3/31/06) $ 3.6 Billion

Ø Cash & Marketable Securities (3/31/06) $ 2.6 Billion

Ø 2005 Net Income $ 5.3 Billion

Ø 2005 Cash Flow from Operations $ 5.3 Billion

Ø 2006 Capital Program $ 3.1 Billion

Ø Reserves 3 Billion BOE

Ø 2006 Production Rate 600 MBOEPD

OCCIDENTAL PETROLEUM CORPORATIONOCCIDENTAL PETROLEUM CORPORATIONOCCIDENTAL PETROLEUM CORPORATION

12 14 15 21 23 25 2842

104

132

243

366

KMG HES EOG APA APC DVN MRO OXY COP CVX BP XOM

Stock Market Capitalization6/2/06

($ Billions)

Stock Market Capitalization6/2/06

($ Billions)

2005 Earnings $ 780 Million

Major Products:

Ø Chlorine

Ø Caustic

Ø PVC

OCCIDENTAL PETROLEUM CORPORATIONOCCIDENTAL PETROLEUM CORPORATIONOCCIDENTAL PETROLEUM CORPORATION

Chemicals Division

OCCIDENTAL PETROLEUM CORPORATIONOil & Gas Production Mix

2005Million BOE

OCCIDENTAL PETROLEUM CORPORATIONOCCIDENTAL PETROLEUM CORPORATIONOil & Gas Production MixOil & Gas Production Mix

20052005Million BOEMillion BOE

GAS: 42(20%)

OIL: 165(80%)

OCCIDENTAL PETROLEUM CORPORATIONDomestic / International Production Mix

2005Million BOE

OCCIDENTAL PETROLEUM CORPORATIONOCCIDENTAL PETROLEUM CORPORATIONDomestic / International Production MixDomestic / International Production Mix

20052005Million BOEMillion BOE

INT’L.: 81 (39%) U.S.: 126

(61%)

Worldwide Oil & Gas OperationsWorldwide Oil & Gas Operations

.

.

.

Elk Hills

Long Beach

Hugoton

Horn MountainPermian Basin

Colombia

Argentina

LibyaQatar

U.A.E. Pakistan

Oman

Yemen

Russia

Ø Corporate Headquarters

OCCIDENTAL PETROLEUM CORPORATIONOCCIDENTAL PETROLEUM CORPORATIONOCCIDENTAL PETROLEUM CORPORATION

California

Ø 21% of company worldwide production

Ø 25% of worldwide reserves

OCCIDENTAL PETROLEUM CORPORATIONOCCIDENTAL PETROLEUM CORPORATIONOCCIDENTAL PETROLEUM CORPORATION

California

Elk Hills ......……………

Long Beach…...............

Other *…..………………

Total ……………..…......

Elk Hills ......……………

Long Beach…...............

Other *…..………………

Total ……………..…......

90

18

18

126

90

18

18

126

2005 California Production2005 California Production

Thousand BOE/Day

* Includes Vintage ProForma

California OperationsCalifornia Operations

ØØ Elk HillsElk Hills

ØØ Long BeachLong Beach

ØØ Vintage Vintage AssetsAssets

BakersfieldBakersfield

VenturaVentura

Long BeachLong Beach

Elk HillsElk Hills

Existing Oxy PropertiesExisting Oxy PropertiesVintage Property AdditionsVintage Property Additions

San FranciscoSan Francisco

SacramentoSacramento

NEVADANEVADA

SanJoaquin

Valley

SanJoaquin

Valley

Elk Hills CO2 PilotsElk Hills COElk Hills CO22 PilotsPilots

California California –– Elk Hills ProfileElk Hills Profile

ØØ Large resourceLarge resource

ØØ Reserve growthReserve growth

ØØ EOR EOR opportunities opportunities

Vintage Property Additions

Kern Front

Bakersfield

Ventura

Long Beach

Thums

Existing Oxy Properties

Ø Large Reservoirs

Ø Opportunity for Improving Recovery

Ø Technological Familiarity

Ø Geographic Focus

Ø Decent Returns

OCCIDENTAL PETROLEUM CORPORATIONOCCIDENTAL PETROLEUM CORPORATIONOCCIDENTAL PETROLEUM CORPORATION

Occidental Targets

Million BOE

2001

2002

2003

2004

2005

143

142

102

121

139

ImprovedRecovery

OCCIDENTAL PETROLEUM CORPORATIONReserve Additions & Improved Recovery

OCCIDENTAL PETROLEUM CORPORATIONOCCIDENTAL PETROLEUM CORPORATIONReserve Additions & Improved RecoveryReserve Additions & Improved Recovery

244

263

368

268

390

59%

54%

28%

45%

36%

ReserveAdditions

% ImprovedRecovery

% Realization

OCCIDENTAL PETROLEUM CORPORATION2005 Results – Local Taxes Paid

OCCIDENTAL PETROLEUM CORPORATIONOCCIDENTAL PETROLEUM CORPORATION2005 Results 2005 Results –– Local Taxes PaidLocal Taxes Paid

Income Type Taxes 5.7% .1%

Property Taxes 1.8% 2.3%

Severance Taxes .2% 3.2%

7.7% 5.6%

California Texas