Company: OXY-WT
Filing Date: 2025-02-18
Form Type: 10-K
Source: 0000797468-25-000029
Chunk: 71

Company: OCCIDENTAL PETROLEUM CORP /DE/
Filing Date: 2025-02-18
Form: 10-K
Item: Item 8
Chunk 71
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 per share and will expire on August 3, 2027. As of December 31, 2024, Occidental had 74.0 million outstanding warrants. The Common Stock Warrants are listed on the NYSE and trade under the symbol "OXY WS".EARNINGS PER SHAREOccidental’s instruments containing rights to nonforfeitable dividends granted in stock-based awards are considered participating securities prior to vesting and, therefore, have been deducted from earnings in computing basic and diluted EPS under the two-class method.Basic EPS was computed by dividing net income attributable to common stock, net of income allocated to participating securities, by the weighted-average number of common shares outstanding during each period, including vested but unissued shares and share units. The computation of diluted EPS reflects the additional dilutive effect of stock options, warrants and unvested stock awards.The following table presents the calculation of basic and diluted EPS for the years ended December 31:millions except per share amounts202420232022Income from continuing operations$2,896 $4,696 $13,304 Income from discontinued operations, net of tax182 — — Net income$3,078 $4,696 $13,304 Less: Net income attributable to noncontrolling interest(22)— — Less: Preferred stock dividends(679)(923)(800)Net income attributable to common stock$2,377 $3,773 $12,504 Less: Net income allocated to participating securities(13)(23)(83)Net income, net of participating securities$2,364 $3,750 $12,421 Weighted-average number of basic shares911.8 889.2 926.2 Basic earnings per common share$2.59 $4.22 $13.41 Net income attributable to common stock$2,377 $3,773 $12,504 Less: Net income allocated to participating securities(13)(21)(77)Net income, net of participating securities$2,364 $3,752 $12,427 Weighted-average number of basic shares911.8 889.2 926.2 Dilutive securities55.3 71.7 75.8 Total diluted weighted-average common shares967.1 960.9 1,002.0 Diluted earnings per common share $2.44 $3.90 $12.40