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