# EDGAR Filing Document

**Accession Number:** 0000797468
**File Stem:** 0001628280-26-009054
**Filing Date:** 2026-2
**Character Count:** 159758
**Document Hash:** 749764e2283adb4f0f5436c468967f3a
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001628280-26-009054.hdr.sgml**: 20260218

**ACCESSION NUMBER**: 0001628280-26-009054

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 15

**CONFORMED PERIOD OF REPORT**: 20260218

**ITEM INFORMATION**: Results of Operations and Financial Condition

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20260218

**DATE AS OF CHANGE**: 20260218

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** OCCIDENTAL PETROLEUM CORP /DE/
- **CENTRAL INDEX KEY:** 0000797468
- **STANDARD INDUSTRIAL CLASSIFICATION:** CRUDE PETROLEUM & NATURAL GAS [1311]
- **ORGANIZATION NAME:** 01 Energy & Transportation
- **EIN:** 954035997
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-09210
- **FILM NUMBER:** 26648461

**BUSINESS ADDRESS:**
- **STREET 1:** 5 GREENWAY PLAZA
- **STREET 2:** SUITE 110
- **CITY:** HOUSTON
- **STATE:** TX
- **ZIP:** 77046
- **BUSINESS PHONE:** 7132157000

**MAIL ADDRESS:**
- **STREET 1:** 5 GREENWAY PLAZA
- **STREET 2:** SUITE 110
- **CITY:** HOUSTON
- **STATE:** TX
- **ZIP:** 77046

?xml version='1.0' encoding='ASCII'? oxy-20260218

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**WASHINGTON, D.C. 20549** 

**FORM 8-K**

**CURRENT REPORT**

**Pursuant to Section 13 or 15(d)**

**of the Securities Exchange Act of 1934** 

Date of Report (Date of Earliest Event Reported): February 18, 2026

**OCCIDENTAL PETROLEUM CORPORATION**

(Exact Name of Registrant as Specified in its Charter)

---

| | | |
|:---|:---|:---|
| **Delaware** | **1-9210** | **95-4035997** |
| **(State or Other Jurisdiction** <br>**of Incorporation)** | **(Commission** <br>**File Number)** | **(IRS Employer** <br>**Identification No.)** |

---

---

| | |
|:---|:---|
| **5 Greenway Plaza, Suite 110**<br>**Houston, Texas** | **77046** |
| **(Address of Principal Executive Offices)** | **(Zip Code)** |

---

Registrant's Telephone Number, Including Area Code: **(713) 215-7000**

**Not Applicable** 

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

---

| | | |
|:---|:---|:---|
| Title of Each Class | Trading Symbol(s) | Name of Each Exchange on Which <br>Registered |
| Common Stock, $0.20 par value | OXY | New York Stock Exchange |
| Warrants to Purchase Common Stock, $0.20 par value | OXY WS | New York Stock Exchange |

---

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR 230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR 240.12b-2).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

------

**Item 2.02&nbsp;&nbsp;&nbsp;&nbsp;Results of Operations and Financial Condition.**

On February 18, 2026, Occidental Petroleum Corporation (the "Company") issued a press release announcing the Company's financial condition and results of operations for the year ended December 31, 2025. A copy of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.

The information contained in this report and in Exhibit 99.1 shall not be deemed to be "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), and shall not be incorporated by reference into any filings made by the Company under the Securities Act of 1933, as amended, or the Exchange Act, except as may be expressly set forth by specific reference in such filing.

**Item 9.01&nbsp;&nbsp;&nbsp;&nbsp; Financial Statements and Exhibits.**

(d) *Exhibits*.

---

| | |
|:---|:---|
| **Exhibit No.** | **Description** |
| 99.1 | [Press Release dated February 18, 2026.](oxyex99112-31x25earningsre.htm) |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). |

---

------

**SIGNATURE**

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Date: February 18, 2026 | OCCIDENTAL PETROLEUM CORPORATION | OCCIDENTAL PETROLEUM CORPORATION |
|  | By: | /s/ Christopher O. Champion |
|  | Name: | Christopher O. Champion |
|  | Title: | Vice President, Chief Accounting Officer and Controller |

---

## Exhibit 99.1

---

| | |
|:---|:---|
| ![imagea.jpg](imagea.jpg) | **PRESS RELEASE** |

---

**Occidental Announces 4th Quarter 2025 Results**

• Strengthened the balance sheet with the completion of the OxyChem sale on January 2, 2026, reducing debt by $5.8 billion since mid-December 2025 and bringing principal debt to date to $15.0 billion

• Increased quarterly dividend by more than 8% to $0.26 per share, payable April 15, 2026, to stockholders of record as of March 10, 2026; quarterly dividend per share has doubled in the last four years

• Strong operational performance drove operating cash flow of $2.6 billion and operating cash flow before working capital of $2.7 billion

• Capital spending including discontinued operations of $1.8 billion and contributions from noncontrolling interest of $47 million resulted in quarterly free cash flow before working capital of $1.0 billion

• Total company production of 1,481 Mboed exceeded the high end of guidance

• Midstream and marketing pre-tax adjusted income exceeded the high end of guidance

• Worldwide year-end proved reserves of 4.6 billion BOE with all-in reserves replacement ratio of 98% and organic reserves replacement ratio of 107%

**HOUSTON** — February 18, 2026 — <u>Occidental</u> (NYSE: OXY) today announced a net loss attributable to common stockholders of $68 million, or $0.07 per diluted share, and adjusted income attributable to common stockholders of $315 million, or $0.31 per diluted share, for the fourth quarter of 2025. The difference between net loss attributable to common stockholders and adjusted income attributable to common stockholders is mainly comprised of charges and transaction costs related to the sale of OxyChem.

"Our emphasis on operational excellence and cost efficiency drove meaningful production and operating expense outperformance during the fourth quarter," said President and Chief Executive Officer Vicki Hollub. "The quality of our assets and the exceptional execution by our teams enabled us to surpass full-year guidance across our oil and gas and midstream businesses. With our enhanced balance sheet following the sale of OxyChem, we remain focused on generating resilient free cash flow and maintaining flexibility in our capital and development programs to support near- and long-term value creation."

**QUARTERLY RESULTS**

**Oil and Gas**

Pre-tax income from oil and gas for the fourth quarter of 2025 totaled $0.7 billion, compared to $1.3 billion for the third quarter of 2025. Excluding items affecting comparability, the decline was primarily driven by lower realized commodity prices across all products. Fourth quarter average WTI and Brent marker prices were $59.14 per barrel and $63.09 per barrel, respectively. Average worldwide realized crude oil prices decreased by 9% from the previous quarter to $59.22 per barrel, while average worldwide realized natural gas liquids prices decreased by 15% to $16.68 per barrel. Average domestic realized gas prices fell by 24% to $1.12 per thousand cubic feet (Mcf).

------

Total global production for the fourth quarter of 2025 averaged 1,481 thousand barrels of oil equivalent per day (Mboed), surpassing the mid-point of guidance by 21 Mboed, led by contributions from the Permian and Rockies regions. Both Gulf of America and International average daily production met guidance expectations.

**Oil and Gas Proved Reserves**

As of December 31, 2025, Occidental's worldwide proved reserves totaled 4.6 billion barrels of oil equivalent (BOE). Proved reserve additions included extensions and discoveries totaling 340 million BOE, mainly in the Permian Basin, and positive revisions associated with infill development projects of 115 million BOE, primarily in the Permian and DJ Basins. The 2025 All-In Reserves Replacement Ratio was 98%, with a three-year average of 154%. The 2025 Organic Reserves Replacement Ratio was 107%, with a three-year average of 116%.

**Midstream and Marketing**

Midstream and marketing reported pre-tax income of $204 million for the fourth quarter of 2025, compared to pre-tax income of $81 million in the previous quarter. Excluding items affecting comparability, the results exceeded the high end of guidance. Quarter-over-quarter improvements were attributed to higher gas margins from transportation capacity optimization in the Permian, reduced long-haul crude transportation costs, and higher sulfur prices at Al Hosn, partially offset by lower equity method investment income from WES. WES equity method investment income for the fourth quarter was $87 million, which included negative items affecting comparability related to its fourth quarter 2025 acquisition.

**Discontinued Operations**

Occidental closed the sale of OxyChem on January 2, 2026. As a result, OxyChem's results of operations and cash flows, along with the related retained liabilities, are reported as discontinued operations in Occidental's Consolidated Statements of Operations and Cash Flows for all periods presented, with its assets and liabilities reclassified as held for sale in the Consolidated Balance Sheets.

**Supplemental Non-GAAP Measures**

This press release refers to adjusted income (loss), operating cash flow before working capital, capital expenditures, net of noncontrolling interest, free cash flow before working capital and adjusted selling, general and administrative (SG&A), other operating and non-operating expenses, which are supplemental measures not calculated in accordance with generally accepted accounting principles in the United States (GAAP). These non-GAAP financial measures have limitations as analytical tools and should not be considered in isolation or as an alternative to the comparable GAAP financial measures. Definitions of adjusted income (loss) and a reconciliation to net income (loss), along with operating cash flow before working capital, capital expenditures, net of noncontrolling interest, free cash flow before working capital and adjusted SG&A, other operating and non-operating expenses and a reconciliation to the comparable GAAP financial measures, are included in the financial schedules of this press release. Occidental's definition of adjusted income (loss), operating cash flow before working capital, capital expenditures, net of noncontrolling interest, free cash flow before working capital and adjusted SG&A, other operating and non-operating expenses may differ from similarly titled measures provided by other companies in our industry and as a result may not be comparable.

This press release also refers to F&D Costs and reserves replacement ratio, which are non-GAAP measures that Occidental believes are widely used in our industry, as well as by analysts and investors, to measure and evaluate the cost of replacing annual production and adding proved

------

reserves. Occidental's definitions of these non-GAAP measures may differ from similarly titled measures provided by other companies and as a result may not be comparable. All-In F&D Costs is calculated by dividing total costs incurred for the year as defined by GAAP by the sum of proved reserves revisions, improved recovery, extensions and discoveries and purchases of minerals in place for the year. Organic F&D Costs excludes from All-In F&D Costs both the property acquisition costs and purchases of minerals in place, and Program Additions F&D Costs further excludes price and other revisions that are not infills. All-In Reserves Replacement Ratio is calculated by dividing the sum of proved reserves revisions, improved recovery, extensions and discoveries and purchases and sales of minerals in place for the year by current year production. Organic Reserves Replacement Ratio excludes from All-In Reserves Replacement purchases and sales of minerals in place for the year. Program Additions Reserves Replacement Ratio further excludes price and other revisions that are not infills.

**About Occidental**

Occidental is an international energy company that produces, markets and transports oil and natural gas to maximize value and provide resources fundamental to life. The company leverages its global leadership in carbon management to advance lower-carbon technologies and products. Headquartered in Houston, Occidental primarily operates in the United States, the Middle East and North Africa. To learn more, visit oxy.com.

**Forward-Looking Statements**

This press release contains forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements about Occidental's expectations, beliefs, plans or forecasts. All statements other than statements of historical fact are "forward-looking statements" for purposes of federal and state securities laws, including, but not limited to: any projections of earnings, revenue or other financial items or future financial position or sources of financing; any statements of the plans, strategies and objectives of management for future operations or business strategy; any statements regarding future economic conditions or performance; any statements of belief; and any statements of assumptions underlying any of the foregoing. Words such as "estimate," "project," "predict," "will," "would," "should," "could," "may," "might," "anticipate," "plan," "intend," "believe," "expect," "aim," "goal," "target," "objective," "commit," "advance," "guidance," "focus," "likely" or similar expressions that convey the prospective nature of events or outcomes are generally indicative of forward-looking statements. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release unless an earlier date is specified. Unless legally required, Occidental does not undertake any obligation to update, modify or withdraw any forward-looking statement as a result of new information, future events or otherwise.

Forward-looking statements involve estimates, expectations, projections, goals, forecasts, assumptions, risks and uncertainties. Actual outcomes or results may differ from anticipated results, sometimes materially. Factors that could cause results to differ from those projected or assumed in any forward-looking statement include, but are not limited to: general economic conditions, including slowdowns and recessions, domestically or internationally; Occidental's indebtedness and other payment obligations, including the need to generate sufficient cash flows to fund operations; Occidental's ability to successfully monetize select assets and repay or refinance debt and the impact of changes in Occidental's credit ratings or future increases in interest rates; assumptions about energy markets; global and local commodity and commodity-futures pricing fluctuations and volatility; supply and demand considerations for, and the prices of, Occidental's products and services; actions by the Organization of the Petroleum Exporting Countries (OPEC) and non-OPEC oil producing countries; results from operations and competitive conditions; future impairments of Occidental's proved and unproved oil and gas properties or equity investments, or write-downs of productive assets, causing charges to earnings; unexpected changes in costs; government actions (including the effects of announced or future tariff increases and other geopolitical, trade, tariff, fiscal and regulatory uncertainties), war (including the Russia-Ukraine war and conflicts in the Middle East) and political conditions and events (such as in Latin America); inflation, its impact on markets and economic activity and related monetary policy actions by governments in response to inflation; availability of capital resources, levels of capital expenditures and contractual obligations; the regulatory approval environment, including Occidental's ability to timely obtain or maintain permits or other

------

government approvals, including those necessary for drilling and/or development projects; Occidental's ability to successfully complete, or any material delay of, field developments, expansion projects, capital expenditures, efficiency projects, acquisitions or divestitures; risks associated with acquisitions, mergers and joint ventures, such as difficulties integrating businesses, uncertainty associated with financial projections or projected synergies, restructuring, increased costs and adverse tax consequences; uncertainties and liabilities associated with acquired and divested properties and businesses, including retained liabilities and indemnification obligations associated with the chemical business; uncertainties about the estimated quantities of oil, NGL and natural gas reserves; lower-than-expected production from development projects or acquisitions; Occidental's ability to realize the anticipated benefits from prior or future streamlining actions to reduce fixed costs, simplify or improve processes and improve Occidental's competitiveness; exploration, drilling and other operational risks; disruptions to, capacity constraints in, or other limitations on the pipeline systems that deliver Occidental's oil and natural gas and other processing and transportation considerations; volatility in the securities, capital or credit markets, including capital market disruptions and instability of financial institutions; health, safety and environmental (HSE) risks, costs and liability under existing or future federal, regional, state, provincial, tribal, local and international HSE laws, regulations and litigation (including related to climate change or remedial actions or assessments); legislative or regulatory changes, including changes relating to hydraulic fracturing or other oil and natural gas operations, retroactive royalty or production tax regimes, and deep-water and onshore drilling and permitting regulations; Occidental's ability to recognize intended benefits from its business strategies and initiatives, such as the sale of OxyChem, Occidental's low-carbon ventures businesses and announced greenhouse gas emissions reduction targets or net-zero goals; changes in government grant or loan programs; potential liability resulting from pending or future litigation, government investigations and other proceedings; disruption or interruption of production or facility damage due to accidents, chemical releases, labor unrest, weather, power outages, natural disasters, cyber-attacks, terrorist acts or insurgent activity; the scope and duration of global or regional health pandemics or epidemics and actions taken by government authorities and other third parties in connection therewith; the creditworthiness and performance of Occidental's counterparties, including financial institutions, operating partners and other parties; failure of risk management; Occidental's ability to retain and hire key personnel; supply, transportation and labor constraints; reorganization or restructuring of Occidental's operations; changes in state, federal or international tax rates, deductions, incentives or credits; and actions by third parties that are beyond Occidental's control.

Additional information concerning these and other factors that may cause Occidental's results of operations and financial position to differ from expectations can be found in Occidental's other filings with the U.S. Securities and Exchange Commission, including Occidental's Annual Report on Form 10-K for the year ended December 31, 2025, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K.

**Contacts** 

---

| | |
|:---|:---|
| **Media**  | **Investors** |
| Eric Moses | R. Jordan Tanner |
| 713-497-2017 | 713-552-8811 |
| <u>eric_moses@oxy.com</u> | <u>investors@oxy.com</u> |

---

------

---

| |
|:---|
| **Occidental Petroleum Corporation** |
| **Fourth Quarter 2025** |
| **Earnings Release Schedules Index** |

---

<u>Schedule # and Description</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.<u>[Summary Highlights](#i24718617569e4f42ad3f91372ae1d2e7_7)</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.<u>[Items Affecting Comparability Detail](#i24718617569e4f42ad3f91372ae1d2e7_10)</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Before Tax Allocations

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• After Tax Allocations&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.<u>[Segment Results Before Tax Allocations](#i24718617569e4f42ad3f91372ae1d2e7_13)</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Reported Results

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Items Affecting Comparability

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Adjusted Income (non-GAAP)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.<u>[Segment Results After Tax Allocations](#i24718617569e4f42ad3f91372ae1d2e7_16)</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Reported Results

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Items Affecting Comparability

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Adjusted Income (non-GAAP)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Reconciliation - Diluted EPS

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.<u>[Consolidated](#i24718617569e4f42ad3f91372ae1d2e7_19)[Condensed](#i24718617569e4f42ad3f91372ae1d2e7_19)[Statements of Operations](#i24718617569e4f42ad3f91372ae1d2e7_19)</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.<u>[Consolidated](#i24718617569e4f42ad3f91372ae1d2e7_22)[Condensed](#i24718617569e4f42ad3f91372ae1d2e7_22)[Balance Sheets](#i24718617569e4f42ad3f91372ae1d2e7_22)</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.<u>[C](#i24718617569e4f42ad3f91372ae1d2e7_25)[o](#i24718617569e4f42ad3f91372ae1d2e7_25)[nsolidated](#i24718617569e4f42ad3f91372ae1d2e7_25)[Condensed](#i24718617569e4f42ad3f91372ae1d2e7_25)[S](#i24718617569e4f42ad3f91372ae1d2e7_25)[tatements of Cash Flows](#i24718617569e4f42ad3f91372ae1d2e7_25)</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a.<u>[Consolidated](#i24718617569e4f42ad3f91372ae1d2e7_25)[Condensed](#i24718617569e4f42ad3f91372ae1d2e7_25)[Statements of Cash Flows](#i24718617569e4f42ad3f91372ae1d2e7_25)</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b.<u>[Detail of](#i24718617569e4f42ad3f91372ae1d2e7_3298534883655)[Free Cash Flow](#i24718617569e4f42ad3f91372ae1d2e7_3298534883655)[(non-GAAP)](#i24718617569e4f42ad3f91372ae1d2e7_3298534883655)[,](#i24718617569e4f42ad3f91372ae1d2e7_3298534883655)[Capital Expenditures](#i24718617569e4f42ad3f91372ae1d2e7_3298534883655)[, Net of](#i24718617569e4f42ad3f91372ae1d2e7_3298534883655)[Noncontrolling Inter](#i24718617569e4f42ad3f91372ae1d2e7_3298534883655)[est (non-GAAP)](#i24718617569e4f42ad3f91372ae1d2e7_3298534883655)[and Depreciation, Depletion and Amortization](#i24718617569e4f42ad3f91372ae1d2e7_3298534883655)</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.<u>[Oil & Gas Net Production Volumes Per Day by Geographic Locations](#i24718617569e4f42ad3f91372ae1d2e7_28)</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• MBOE/D

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• By Commodity

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.<u>[Oil & Gas Net Sales Volumes Per Day and Realized Prices by Geographic Locations](#i24718617569e4f42ad3f91372ae1d2e7_31)</u> 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• MBOE/D

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Realized Prices and Related Index Prices

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.<u>[Oil and Gas Metrics](#i24718617569e4f42ad3f91372ae1d2e7_34)</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.<u>[Reserves Replacement and Multi-Year Data - Worldwide](#i24718617569e4f42ad3f91372ae1d2e7_37)</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12.<u>[Reserves Replacement and Multi-Year Data - United States Only](#i24718617569e4f42ad3f91372ae1d2e7_40)</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13.<u>[Total Proved Reserves](#i24718617569e4f42ad3f91372ae1d2e7_43)</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14.<u>[Proved Oil Reserves](#i24718617569e4f42ad3f91372ae1d2e7_46)</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15.<u>[Proved NGL Reserves](#i24718617569e4f42ad3f91372ae1d2e7_49)</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16.<u>[Proved Natural Gas Reserves](#i24718617569e4f42ad3f91372ae1d2e7_52)</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17.<u>[Costs Incurred](#i24718617569e4f42ad3f91372ae1d2e7_55)</u>

------

**SCHEDULE 1**

**Occidental Petroleum Corporation**

**Summary Highlights**

---

| | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | **2024** | **2024** | **2024** | **2024** | **2024** | **2024** | **2025** | **2025** | **2025** | **2025** | **2025** | **2025** |
| **<u>Quarterly</u>** | **Qtr 1** | **Qtr 2** | **Qtr 3** | **Qtr 4** |  | **TY** | **Qtr 1** | **Qtr 2** | **Qtr 3** | **Qtr 4** |  | **TY** |
| **Net Income ($ millions)** |  |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Reported income attributable to common stockholders | $718 | $992 | $964 | $(297) |  | $2377 | $766 | $288 | $661 | $(68) |  | $1647 |
| &nbsp;&nbsp;&nbsp;&nbsp;Reported EPS - Diluted ($/share) | $0.75 | $1.03 | $0.98 | $(0.30) |  | $2.44 | $0.77 | $0.26 | $0.65 | $(0.07) |  | $1.61 |
| &nbsp;&nbsp;&nbsp;&nbsp;Effective tax rate on reported income (loss) (%) | 29% | 28% | 28% | 29% | <sup>(a)</sup> | 29% | 29% | 37% | 28% | 71% | <sup>(a)</sup> | 35% |
| &nbsp;&nbsp;&nbsp;Adjusted income attributable to common stockholders (Non-GAAP) <sup>(b)</sup> | $604 | $993 | $977 | $792 |  | $3366 | $860 | $396 | $649 | $315 |  | $2220 |
| &nbsp;&nbsp;&nbsp;Adjusted EPS - Diluted (Non-GAAP) ($/share) <sup>(c)</sup> | $0.63 | $1.03 | $1.00 | $0.80 |  | $3.46 | $0.87 | $0.39 | $0.64 | $0.31 |  | $2.21 |
| &nbsp;&nbsp;&nbsp;&nbsp;Effective tax rate on adjusted income (loss) (%) | 29% | 27% | 28% | 22% |  | 27% | 28% | 34% | 28% | 32% |  | 30% |
| **Average Shares Outstanding - Reported Income and Adjusted Income** |  |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Basic (millions) | 884.1 | 893.8 | 927.5 | 940.8 |  | 911.8 | 941.3 | 985.1 | 986.4 | 988.0 |  | 975.5 |
| &nbsp;&nbsp;&nbsp;&nbsp;Diluted (millions) | 948.6 | 958.9 | 975.7 | 983.9 |  | 967.1 | 982.9 | 1010.4 | 1003.1 | 1002.9 |  | 1000.1 |
| **Daily Production Volumes** |  |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Total US (MBOE/D) | 943 | 1031 | 1186 | 1233 |  | 1099 | 1167 | 1167 | 1227 | 1246 |  | 1202 |
| &nbsp;&nbsp;&nbsp;&nbsp;US Oil (MBBL/D) | 487 | 553 | 611 | 634 |  | 571 | 601 | 604 | 634 | 636 |  | 620 |
| &nbsp;&nbsp;&nbsp;&nbsp;Worldwide Production (MBOE/D) | 1172 | 1258 | 1412 | 1463 |  | 1327 | 1391 | 1400 | 1465 | 1481 |  | 1434 |
| &nbsp;&nbsp;&nbsp;&nbsp;Worldwide Sales (MBOE/D) | 1175 | 1260 | 1411 | 1463 |  | 1328 | 1391 | 1397 | 1468 | 1480 |  | 1434 |
| **Commodity Price Realizations** |  |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Worldwide Oil ($/BBL) | $76.04 | $79.89 | $75.33 | $69.73 |  | $75.05 | $71.07 | $63.76 | $64.78 | $59.22 |  | $64.60 |
| &nbsp;&nbsp;&nbsp;&nbsp;Worldwide NGL ($/BBL) | $22.14 | $21.23 | $20.47 | $21.80 |  | $21.38 | $25.94 | $20.71 | $19.60 | $16.68 |  | $20.60 |
| &nbsp;&nbsp;&nbsp;&nbsp;Domestic Gas ($/MCF) | $1.61 | $0.54 | $0.40 | $1.26 |  | $0.94 | $2.42 | $1.33 | $1.48 | $1.12 |  | $1.58 |
| **Free Cash Flows ($ millions) (Non-GAAP)** <sup>(d)</sup> |  |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Operating cash flow before working capital (Non-GAAP) | $2446 | $3044 | $3150 | $3077 |  | $11717 | $3000 | $2643 | $3199 | $2729 |  | $11571 |
| &nbsp;&nbsp;&nbsp;&nbsp;Less: Capital expenditures, net of noncontrolling interest (Non-GAAP) | (1726) | (1729) | (1636) | (1727) |  | (6818) | (1845) | (1947) | (1729) | (1766) |  | (7287) |
| &nbsp;&nbsp;&nbsp;&nbsp;Free Cash Flow Before Working Capital (Non-GAAP) | $720 | $1315 | $1514 | $1350 |  | $4899 | $1155 | $696 | $1470 | $963 |  | $4284 |
|  | **2024** | **2024** | **2024** | **2024** |  |  | **2025** | **2025** | **2025** | **2025** |  |  |
| **<u>Year-to-date</u>** | **Mar** | **Jun** | **Sep** | **Dec** |  |  | **Mar** | **Jun** | **Sep** | **Dec** |  |  |
| **Net Income ($ millions)** |  |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Reported income attributable to common stockholders | $718 | $1710 | $2674 | $2377 |  |  | $766 | $1054 | $1715 | $1647 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Reported EPS - Diluted ($/share) | $0.75 | $1.78 | $2.77 | $2.44 |  |  | $0.77 | $1.03 | $1.68 | $1.61 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Effective tax rate on reported income (loss) (%) | 29% | 29% | 29% | 29% |  |  | 29% | 32% | 30% | 35% |  |  |
| &nbsp;&nbsp;&nbsp;Adjusted income attributable to common stockholders (Non-GAAP) <sup>(b)</sup> | $604 | $1597 | $2574 | $3366 |  |  | $860 | $1256 | $1905 | $2220 |  |  |
| &nbsp;&nbsp;&nbsp;Adjusted EPS - Diluted (Non-GAAP) ($/share) <sup>(c)</sup> | $0.63 | $1.66 | $2.66 | $3.46 |  |  | $0.87 | $1.25 | $1.90 | $2.21 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Effective tax rate on adjusted income (loss) (%) | 29% | 28% | 28% | 27% |  |  | 28% | 31% | 30% | 30% |  |  |
| **Average Shares Outstanding - Reported Income** |  |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Basic (millions) | 884.1 | 889.2 | 902.1 | 911.8 |  |  | 941.3 | 963.5 | 971.2 | 975.5 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Diluted (millions) | 948.6 | 954.1 | 961.4 | 967.1 |  |  | 982.9 | 997.0 | 999.1 | 1000.1 |  |  |
| **Average Shares Outstanding - Adjusted Income** |  |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Basic (millions) | 884.1 | 889.2 | 902.1 | 911.8 |  |  | 941.3 | 963.5 | 971.2 | 975.5 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Diluted (millions) | 948.6 | 954.1 | 961.4 | 967.1 |  |  | 982.9 | 997.0 | 999.1 | 1000.1 |  |  |
| **Daily Production Volumes** |  |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Total US (MBOE/D) | 943 | 987 | 1054 | 1099 |  |  | 1167 | 1167 | 1187 | 1202 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;US Oil (MBBL/D) | 487 | 520 | 551 | 571 |  |  | 601 | 603 | 614 | 620 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Worldwide Production (MBOE/D) | 1172 | 1215 | 1281 | 1327 |  |  | 1391 | 1395 | 1419 | 1434 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Worldwide Sales (MBOE/D) | 1175 | 1218 | 1282 | 1328 |  |  | 1391 | 1394 | 1416 | 1434 |  |  |
| **Commodity Price Realizations** |  |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Worldwide Oil ($/BBL) | $76.04 | $78.06 | $77.06 | $75.05 |  |  | $71.07 | $67.37 | $66.46 | $64.60 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Worldwide NGL ($/BBL) | $22.14 | $21.68 | $21.22 | $21.38 |  |  | $25.94 | $23.29 | $21.99 | $20.60 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Domestic Gas ($/MCF) | $1.61 | $1.06 | $0.81 | $0.94 |  |  | $2.42 | $1.88 | $1.74 | $1.58 |  |  |
| **Free Cash Flow ($ millions) (Non-GAAP)** <sup>(d)</sup> |  |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Operating cash flow before working capital (Non-GAAP) | $2007 | $5490 | $8640 | $11717 |  |  | $2002 | $5643 | $8842 | $11571 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Less: Capital expenditures, net of noncontrolling interest (Non-GAAP) | (1639) | (3455) | (5091) | (6818) |  |  | (1628) | (3792) | (5521) | (7287) |  |  |
| &nbsp;&nbsp;&nbsp;Free Cash Flow Before Working Capital (Non-GAAP) | $368 | $2035 | $3549 | $4899 |  |  | $374 | $1851 | $3321 | $4284 |  |  |
| <sup>(a)</sup> Percentage impacted by reported net loss.  |  |  |  |  |  |  |  |  |  |  |  |  |
| <sup>(b)</sup> See schedule 3 for non-GAAP reconciliation.  |  |  |  |  |  |  |  |  |  |  |  |  |
| <sup>(c)</sup> See schedule 4 for non-GAAP reconciliation.  |  |  |  |  |  |  |  |  |  |  |  |  |
| <sup>(d)</sup> See schedule 7b for non-GAAP reconciliation. |  |  |  |  |  |  |  |  |  |  |  |  |

---

------

**SCHEDULE 2**

**Occidental Petroleum Corporation** 

**Items Affecting Comparability Detail** 

(amounts in millions)

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | **2024** | **2024** | **2024** | **2024** | **2024** | **2025** | **2025** | **2025** | **2025** | **2025** |
| **<u>Before Tax Allocations</u>** | **Qtr 1** | **Qtr 2** | **Qtr 3** | **Qtr 4** | **TY** | **Qtr 1** | **Qtr 2** | **Qtr 3** | **Qtr 4** | **TY** |
| **Oil & Gas** |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Domestic |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Legal reserves and other | $— | $— | $— | $— | $— | $— | $(65) | $— | $(40) | $(105) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Losses on sales of assets and other, net |  |  | (572) | (13) | (585) |  |  | (52) | (47) | (99) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Asset impairments and other charges, net |  |  |  | (334) | (334) |  |  |  | (6) | (6) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Domestic |  |  | (572) | (347) | (919) |  | (65) | (52) | (93) | (210) |
| &nbsp;&nbsp;&nbsp;&nbsp;International |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Gains on sale of assets and other, net |  |  |  |  |  |  |  | 30 |  | 30 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Legal reserves and other | (44) | (10) |  |  | (54) |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total International | (44) | (10) |  |  | (54) |  |  | 30 |  | 30 |
| &nbsp;&nbsp;**Total Oil and Gas** | (44) | (10) | (572) | (347) | (973) |  | (65) | (22) | (93) | (180) |
| **Midstream & Marketing** |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Derivative gains (losses), net <sup>(a)</sup> | (91) | 5 | 142 | (88) | (32) | (84) | 95 | (31) | (9) | (29) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Asset impairments and other charges <sup>(a,b)</sup> |  |  | (21) |  | (21) |  | (162) |  | (325) | (487) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Equity method investments fair value gains |  | 27 |  |  | 27 |  |  | 61 |  | 61 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Gains on sales of assets and other, net <sup>(a)</sup> | 122 | 35 | 490 |  | 647 |  |  |  | 301 | 301 |
| &nbsp;&nbsp;**Total Midstream & Marketing** | 31 | 67 | 611 | (88) | 621 | (84) | (67) | 30 | (33) | (154) |
| **Corporate** |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Acquisition-related costs <sup>(c)</sup> | (56) | (29) | (56) | (9) | (150) | (6) | (6) | (1) |  | (13) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Early retirement costs |  |  |  |  |  |  |  |  | (39) | (39) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Early debt extinguishment |  |  |  |  |  |  |  |  | 20 | 20 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Gains on sales of assets and other, net |  |  |  | 48 | 48 |  |  |  |  |  |
| &nbsp;&nbsp;**Total Corporate** | (56) | (29) | (56) | 39 | (102) | (6) | (6) | (1) | (19) | (32) |
| State tax rate revaluation |  |  |  | 10 | 10 |  |  |  | (10) | (10) |
| Income tax impact on Algeria contract renewal |  | (20) |  |  | (20) |  |  |  |  |  |
| Income tax impact on items affecting comparability | 6 | (9) | 4 | 96 | 97 | 19 | 30 | 5 | 32 | 86 |
| Discontinued operations, net of taxes | 177 |  |  | (799) | (622) | (23) |  |  | (260) | (283) |
| Total | $114 | $(1) | $(13) | $(1089) | $(989) | $(94) | $(108) | $12 | $(383) | $(573) |
|  | **2024** | **2024** | **2024** | **2024** | **2024** | **2025** | **2025** | **2025** | **2025** | **2025** |
| **<u>After Tax Allocations</u>** | **Qtr 1** | **Qtr 2** | **Qtr 3** | **Qtr 4** | **TY** | **Qtr 1** | **Qtr 2** | **Qtr 3** | **Qtr 4** | **TY** |
| **Oil & Gas** |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Domestic |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Legal reserves and other | $— | $— | $— | $— | $— | $— | $(51) | $— | $(31) | $(82) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Losses on sales of assets and other, net |  |  | (448) | (10) | (458) |  |  | (41) | (37) | (78) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Asset impairments and other charges, net |  |  |  | (261) | (261) |  |  |  | (5) | (5) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Domestic |  |  | (448) | (271) | (719) |  | (51) | (41) | (73) | (165) |
| &nbsp;&nbsp;&nbsp;&nbsp;International |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Gains on sale of assets and other, net |  |  |  |  |  |  |  | 30 |  | 30 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Legal reserves and other | (44) | (10) |  |  | (54) |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total International | (44) | (10) |  |  | (54) |  |  | 30 |  | 30 |
| &nbsp;&nbsp;**Total Oil and Gas** | (44) | (10) | (448) | (271) | (773) |  | (51) | (11) | (73) | (135) |
| **Midstream & Marketing** |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Derivative gains (losses), net <sup>(a)</sup> | (71) | 3 | 112 | (69) | (25) | (66) | 74 | (24) | (7) | (23) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Asset impairments and other charges <sup>(a,b)</sup> |  |  | (16) |  | (16) |  | (127) |  | (254) | (381) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Gains on sale of assets and other, net <sup>(a)</sup> | 95 | 28 | 384 |  | 507 |  |  |  | 236 | 236 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Equity method investments fair value gains |  | 21 |  |  | 21 |  |  | 48 |  | 48 |
| &nbsp;&nbsp;**Total Midstream & Marketing** | 24 | 52 | 480 | (69) | 487 | (66) | (53) | 24 | (25) | (120) |
| **Corporate** |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Acquisition-related costs <sup>(c)</sup> | (43) | (23) | (45) | (7) | (118) | (5) | (4) | (1) |  | (10) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Gains on sales of assets and other, net |  |  |  | 47 | 47 |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Early retirement costs |  |  |  |  |  |  |  |  | (31) | (31) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Early debt extinguishment |  |  |  |  |  |  |  |  | 16 | 16 |
| &nbsp;&nbsp;**Total Corporate** | (43) | (23) | (45) | 40 | (71) | (5) | (4) | (1) | (15) | (25) |
| State tax rate revaluation |  |  |  | 10 | 10 |  |  |  | (10) | (10) |
| Income tax impact on Algeria contract renewal |  | (20) |  |  | (20) |  |  |  |  |  |
| Discontinued operations, net of taxes | 177 |  |  | (799) | (622) | (23) |  |  | (260) | (283) |
| Total | $114 | $(1) | $(13) | $(1089) | $(989) | $(94) | $(108) | $12 | $(383) | $(573) |
| <sup>(a)</sup> Included gains on sales, charges and derivative gains (losses) from income from equity investments and other. | <sup>(a)</sup> Included gains on sales, charges and derivative gains (losses) from income from equity investments and other. | <sup>(a)</sup> Included gains on sales, charges and derivative gains (losses) from income from equity investments and other. | <sup>(a)</sup> Included gains on sales, charges and derivative gains (losses) from income from equity investments and other. | <sup>(a)</sup> Included gains on sales, charges and derivative gains (losses) from income from equity investments and other. | <sup>(a)</sup> Included gains on sales, charges and derivative gains (losses) from income from equity investments and other. | <sup>(a)</sup> Included gains on sales, charges and derivative gains (losses) from income from equity investments and other. | <sup>(a)</sup> Included gains on sales, charges and derivative gains (losses) from income from equity investments and other. | <sup>(a)</sup> Included gains on sales, charges and derivative gains (losses) from income from equity investments and other. | <sup>(a)</sup> Included gains on sales, charges and derivative gains (losses) from income from equity investments and other. | <sup>(a)</sup> Included gains on sales, charges and derivative gains (losses) from income from equity investments and other. |
| <sup>(b)</sup> Included charges in transportation and gathering expense. | <sup>(b)</sup> Included charges in transportation and gathering expense. | <sup>(b)</sup> Included charges in transportation and gathering expense. | <sup>(b)</sup> Included charges in transportation and gathering expense. | <sup>(b)</sup> Included charges in transportation and gathering expense. | <sup>(b)</sup> Included charges in transportation and gathering expense. | <sup>(b)</sup> Included charges in transportation and gathering expense. | <sup>(b)</sup> Included charges in transportation and gathering expense. | <sup>(b)</sup> Included charges in transportation and gathering expense. | <sup>(b)</sup> Included charges in transportation and gathering expense. | <sup>(b)</sup> Included charges in transportation and gathering expense. |
| <sup>(c)</sup> Included debt issuance costs from interest and debt expense, net.  | <sup>(c)</sup> Included debt issuance costs from interest and debt expense, net.  | <sup>(c)</sup> Included debt issuance costs from interest and debt expense, net.  | <sup>(c)</sup> Included debt issuance costs from interest and debt expense, net.  | <sup>(c)</sup> Included debt issuance costs from interest and debt expense, net.  | <sup>(c)</sup> Included debt issuance costs from interest and debt expense, net.  | <sup>(c)</sup> Included debt issuance costs from interest and debt expense, net.  | <sup>(c)</sup> Included debt issuance costs from interest and debt expense, net.  | <sup>(c)</sup> Included debt issuance costs from interest and debt expense, net.  | <sup>(c)</sup> Included debt issuance costs from interest and debt expense, net.  | <sup>(c)</sup> Included debt issuance costs from interest and debt expense, net.  |

---

------

**SCHEDULE 3**

**Occidental Petroleum Corporation** 

**Segment Results <u>Before</u> Tax Allocations**

(amounts in millions, except per share and effective tax rate amounts)

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | **2024** | **2024** | **2024** | **2024** | **2024** | **2025** | **2025** | **2025** | **2025** | **2025** |
| **<u>Reported Income</u>** | **Qtr 1** | **Qtr 2** | **Qtr 3** | **Qtr 4** | **TY** | **Qtr 1** | **Qtr 2** | **Qtr 3** | **Qtr 4** | **TY** |
| Oil & Gas |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Domestic | $863 | $1231 | $763 | $858 | $3715 | $1350 | $580 | $920 | $342 | $3192 |
| &nbsp;&nbsp;&nbsp;&nbsp;International | 441 | 491 | 459 | 383 | 1774 | 402 | 437 | 446 | 358 | 1643 |
| &nbsp;&nbsp;&nbsp;&nbsp;Exploration | (66) | (83) | (57) | (69) | (275) | (55) | (83) | (66) | (45) | (249) |
| &nbsp;&nbsp;&nbsp;&nbsp;Total Oil & Gas | 1238 | 1639 | 1165 | 1172 | 5214 | 1697 | 934 | 1300 | 655 | 4586 |
| Midstream & Marketing | (38) | 110 | 614 | (123) | 563 | (72) | 39 | 81 | 204 | 252 |
| &nbsp;&nbsp;&nbsp;&nbsp;Segment income | 1200 | 1749 | 1779 | 1049 | 5777 | 1625 | 973 | 1381 | 859 | 4838 |
| Corporate |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Interest | (290) | (258) | (305) | (316) | (1169) | (310) | (271) | (266) | (232) | (1079) |
| &nbsp;&nbsp;&nbsp;&nbsp;Other | (155) | (143) | (183) | (103) | (584) | (138) | (142) | (130) | (221) | (631) |
| Income from continuing operations before taxes | 755 | 1348 | 1291 | 630 | 4024 | 1177 | 560 | 985 | 406 | 3128 |
| Taxes |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Federal and state | (119) | (214) | (193) | (60) | (586) | (200) | (23) | (120) | (94) | (437) |
| &nbsp;&nbsp;&nbsp;&nbsp;International | (129) | (188) | (198) | (57) | (572) | (147) | (199) | (159) | (79) | (584) |
| Income from continuing operations | 507 | 946 | 900 | 513 | 2866 | 830 | 338 | 706 | 233 | 2107 |
| &nbsp;&nbsp;&nbsp;&nbsp;Less: Net income attributable to noncontrolling interest |  | (8) | (7) | (7) | (22) | (9) | (10) | (12) | (12) | (43) |
| &nbsp;&nbsp;&nbsp;&nbsp;Less: Preferred stock dividends and redemption premiums | (170) | (170) | (169) | (170) | (679) | (170) | (170) | (169) | (170) | (679) |
| Net income (loss) from continuing operations attributable to common stockholders | 337 | 768 | 724 | 336 | 2165 | 651 | 158 | 525 | 51 | 1385 |
| &nbsp;&nbsp;&nbsp;&nbsp;Discontinued operations, net of taxes | 381 | 224 | 240 | (633) | 212 | 115 | 130 | 136 | (119) | 262 |
| Net income (loss) attributable to common stockholders | $718 | $992 | $964 | $(297) | $2377 | $766 | $288 | $661 | $(68) | $1647 |
| Reported diluted income (loss) per share | $0.75 | $1.03 | $0.98 | $(0.30) | $2.44 | $0.77 | $0.26 | $0.65 | $(0.07) | $1.61 |
| Effective Tax Rate - Continuing Operations | 33% | 30% | 30% | 19% | 29% | 29% | 40% | 28% | 43% | 33% |
| Effective Tax Rate - Continuing and Discontinued Operations | 29% | 28% | 28% | 29% | 29% | 29% | 37% | 28% | 71% | 35% |
| **<u>Items Affecting Comparability</u>** |  |  |  |  |  |  |  |  |  |  |
| Oil & Gas |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Domestic | $— | $— | $(572) | $(347) | $(919) | $— | $(65) | $(52) | $(93) | $(210) |
| &nbsp;&nbsp;&nbsp;&nbsp;International | (44) | (10) |  |  | (54) |  |  | 30 |  | 30 |
| &nbsp;&nbsp;&nbsp;&nbsp;Exploration |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Total Oil & Gas | (44) | (10) | (572) | (347) | (973) |  | (65) | (22) | (93) | (180) |
| Midstream & Marketing | 31 | 67 | 611 | (88) | 621 | (84) | (67) | 30 | (33) | (154) |
| Segment income (loss) | (13) | 57 | 39 | (435) | (352) | (84) | (132) | 8 | (126) | (334) |
| Corporate |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Interest | (44) | (16) | (6) | 3 | (63) |  |  |  | 20 | 20 |
| &nbsp;&nbsp;&nbsp;&nbsp;Other | (12) | (13) | (50) | 36 | (39) | (6) | (6) | (1) | (39) | (52) |
| Income (loss) from continuing operations before taxes | (69) | 28 | (17) | (396) | (454) | (90) | (138) | 7 | (145) | (366) |
| Taxes |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Federal and state | 6 | (9) | 4 | 106 | 107 | 19 | 30 | 5 | 22 | 76 |
| &nbsp;&nbsp;&nbsp;&nbsp;International |  | (20) |  |  | (20) |  |  |  |  |  |
| Income (loss) from continuing operations | (63) | (1) | (13) | (290) | (367) | (71) | (108) | 12 | (123) | (290) |
| Discontinued operations, net of taxes | 177 |  |  | (799) | (622) | (23) |  |  | (260) | (283) |
| Net income (loss) | 114 | (1) | (13) | (1089) | (989) | (94) | (108) | 12 | (383) | (573) |
| &nbsp;&nbsp;&nbsp;&nbsp;Less: Net income attributable to noncontrolling interest |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Less: Preferred stock redemption premiums |  |  |  |  |  |  |  |  |  |  |
| Net income (loss) attributable to common stockholders | $114 | $(1) | $(13) | $(1089) | $(989) | $(94) | $(108) | $12 | $(383) | $(573) |
| **<u>Adjusted Income (Non-GAAP)</u>** <sup>(a)</sup> |  |  |  |  |  |  |  |  |  |  |
| Oil & Gas |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Domestic | $863 | $1231 | $1335 | $1205 | $4634 | $1350 | $645 | $972 | $435 | $3402 |
| &nbsp;&nbsp;&nbsp;&nbsp;International | 485 | 501 | 459 | 383 | 1828 | 402 | 437 | 416 | 358 | 1613 |
| &nbsp;&nbsp;&nbsp;&nbsp;Exploration | (66) | (83) | (57) | (69) | (275) | (55) | (83) | (66) | (45) | (249) |
| &nbsp;&nbsp;&nbsp;&nbsp;Total Oil & Gas | 1282 | 1649 | 1737 | 1519 | 6187 | 1697 | 999 | 1322 | 748 | 4766 |
| Midstream & Marketing | (69) | 43 | 3 | (35) | (58) | 12 | 106 | 51 | 237 | 406 |
| Adjusted segment income | 1213 | 1692 | 1740 | 1484 | 6129 | 1709 | 1105 | 1373 | 985 | 5172 |
| Corporate |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Interest | (246) | (242) | (299) | (319) | (1106) | (310) | (271) | (266) | (252) | (1099) |
| &nbsp;&nbsp;&nbsp;&nbsp;Other | (143) | (130) | (133) | (139) | (545) | (132) | (136) | (129) | (182) | (579) |
| Adjusted income from continuing operations before taxes | 824 | 1320 | 1308 | 1026 | 4478 | 1267 | 698 | 978 | 551 | 3494 |
| Taxes |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Federal and state | (125) | (205) | (197) | (166) | (693) | (219) | (53) | (125) | (116) | (513) |
| &nbsp;&nbsp;&nbsp;&nbsp;International | (129) | (168) | (198) | (57) | (552) | (147) | (199) | (159) | (79) | (584) |
| Adjusted income from continuing operations | 570 | 947 | 913 | 803 | 3233 | 901 | 446 | 694 | 356 | 2397 |
| &nbsp;&nbsp;&nbsp;&nbsp;Less: Net income attributable to noncontrolling interest |  | (8) | (7) | (7) | (22) | (9) | (10) | (12) | (12) | (43) |
| &nbsp;&nbsp;&nbsp;&nbsp;Less: Preferred stock dividends | (170) | (170) | (169) | (170) | (679) | (170) | (170) | (169) | (170) | (679) |
| Adjusted income from continuing operations attributable to common stockholders | 400 | 769 | 737 | 626 | 2532 | 722 | 266 | 513 | 174 | 1675 |
| &nbsp;&nbsp;&nbsp;&nbsp;Adjusted Discontinued operations, net of taxes | 204 | 224 | 240 | 166 | 834 | 138 | 130 | 136 | 141 | 545 |
| Adjusted net income attributable to common stockholders | $604 | $993 | $977 | $792 | $3366 | $860 | $396 | $649 | $315 | $2220 |
| Adjusted diluted earnings per share (Non-GAAP) | $0.63 | $1.03 | $1.00 | $0.80 | $3.46 | $0.87 | $0.39 | $0.64 | $0.31 | $2.21 |
| Effective Tax Rate - Continuing Operations | 31% | 28% | 30% | 22% | 28% | 29% | 36% | 29% | 35% | 31% |
| Effective Tax Rate - Continuing and Discontinued Operations | 29% | 27% | 28% | 22% | 27% | 28% | 34% | 28% | 32% | 30% |
| **ADJUSTED INCOME TAX BENEFIT (EXPENSE) - CONTINUING OPERATIONS** | **Qtr 1** | **Qtr 2** | **Qtr 3** | **Qtr 4** | **TY** | **Qtr 1** | **Qtr 2** | **Qtr 3** | **Qtr 4** | **YTD** |
| &nbsp;&nbsp;&nbsp;&nbsp;**CURRENT** | $(335) | $(448) | $(184) | $(241) | $(1208) | $(286) | $(183) | $31 | $(159) | $(597) |
| &nbsp;&nbsp;&nbsp;&nbsp;**DEFERRED** | 81 | 75 | (211) | 18 | (37) | (80) | (69) | (315) | (36) | (500) |
| **TOTAL ADJUSTED INCOME TAX BENEFIT (EXPENSE) - CONTINUING OPERATIONS** | $(254) | $(373) | $(395) | $(223) | $(1245) | $(366) | $(252) | $(284) | $(195) | $(1097) |

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<sup>(a)</sup> Non-GAAP Measure. Adjusted income is a non-GAAP measure. Occidental defines adjusted income as net income excluding the effects of significant transactions and events that affect earnings but vary widely and unpredictably in nature, timing and amount. These events may recur, even across successive reporting periods. This non-GAAP measure is not meant to disassociate those items from management's performance, but rather is meant to provide useful information to investors interested in comparing Occidental's earnings performance between periods. Reported net income is considered representative of management's performance over the long term, and adjusted income is not considered to be an alternative to net income reported in accordance with GAAP.

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**SCHEDULE 4**

**Occidental Petroleum Corporation** 

**Segment Results <u>After</u> Tax Allocations**

(Amounts in millions, except per share and effective tax rate amounts)

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| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | **2024** | **2024** | **2024** | **2024** | **2024** | **2025** | **2025** | **2025** | **2025** | **2025** |
| **<u>Reported Income (Loss)</u>** | **Qtr 1** | **Qtr 2** | **Qtr 3** | **Qtr 4** | **TY** | **Qtr 1** | **Qtr 2** | **Qtr 3** | **Qtr 4** | **TY** |
| Oil & Gas |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Domestic | $673 | $960 | $595 | $669 | $2897 | $1053 | $452 | $717 | $267 | $2489 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;International | 296 | 313 | 302 | 267 | 1178 | 283 | 261 | 295 | 229 | 1068 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Exploration | (58) | (75) | (53) | (63) | (249) | (51) | (69) | (57) | (41) | (218) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Oil & Gas | 911 | 1198 | 844 | 873 | 3826 | 1285 | 644 | 955 | 455 | 3339 |
| Midstream & Marketing | (34) | 98 | 487 | (100) | 451 | (64) | 45 | 85 | 182 | 248 |
| Segment income | 877 | 1296 | 1331 | 773 | 4277 | 1221 | 689 | 1040 | 637 | 3587 |
| Corporate |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Interest | (290) | (258) | (305) | (316) | (1169) | (310) | (271) | (266) | (232) | (1079) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other | (155) | (143) | (183) | (103) | (584) | (138) | (146) | (130) | (217) | (631) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Taxes | 75 | 51 | 57 | 159 | 342 | 57 | 63 | 62 | 48 | 230 |
| Income from continuing operations | 507 | 946 | 900 | 513 | 2866 | 830 | 335 | 706 | 236 | 2107 |
| Discontinued operations, net of taxes | 381 | 224 | 240 | (633) | 212 | 115 | 130 | 136 | (119) | 262 |
| Net income (loss) | 888 | 1170 | 1140 | (120) | 3078 | 945 | 465 | 842 | 117 | 2369 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Less: Net income attributable to noncontrolling interest |  | (8) | (7) | (7) | (22) | (9) | (10) | (12) | (12) | (43) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Less: Preferred stock dividends and redemption premiums | (170) | (170) | (169) | (170) | (679) | (170) | (170) | (169) | (170) | (679) |
| Net income (loss) attributable to common stockholders | $718 | $992 | $964 | $(297) | $2377 | $766 | $285 | $661 | $(65) | $1647 |
| Reported diluted income (loss) per share | $0.75 | $1.03 | $0.98 | $(0.30) | $2.44 | $0.77 | $0.26 | $0.65 | $(0.07) | $1.61 |
| **<u>Items Affecting Comparability</u>** |  |  |  |  |  |  |  |  |  |  |
| Oil & Gas |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Domestic | $— | $— | $(448) | $(271) | $(719) | $— | $(51) | $(41) | $(73) | $(165) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;International | (44) | (10) |  |  | (54) |  |  | 30 |  | 30 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Exploration |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Oil & Gas | (44) | (10) | (448) | (271) | (773) |  | (51) | (11) | (73) | (135) |
| Midstream & Marketing | 24 | 52 | 480 | (69) | 487 | (66) | (53) | 24 | (25) | (120) |
| Segment income (loss) | (20) | 42 | 32 | (340) | (286) | (66) | (104) | 13 | (98) | (255) |
| Corporate |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Interest | (34) | (12) | (6) | 3 | (49) |  |  |  | 16 | 16 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other | (9) | (11) | (39) | 37 | (22) | (5) | (4) | (1) | (31) | (41) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Taxes |  | (20) |  | 10 | (10) |  |  |  | (10) | (10) |
| Income (loss) from continuing operations | (63) | (1) | (13) | (290) | (367) | (71) | (108) | 12 | (123) | (290) |
| Discontinued operations, net of taxes | 177 |  |  | (799) | (622) | (23) |  |  | (260) | (283) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net income (loss) | 114 | (1) | (13) | (1089) | (989) | (94) | (108) | 12 | (383) | (573) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Less: Net income attributable to noncontrolling interest |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Less: Preferred stock redemption premiums |  |  |  |  |  |  |  |  |  |  |
| Net income (loss) attributable to common stockholders | $114 | $(1) | $(13) | $(1089) | $(989) | $(94) | $(108) | $12 | $(383) | $(573) |
| **<u>Adjusted Income (Loss) (Non-GAAP) (a)</u>** |  |  |  |  |  |  |  |  |  |  |
| Oil & Gas |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Domestic | $673 | $960 | $1043 | $940 | $3616 | $1053 | $503 | $758 | $340 | $2654 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;International | 340 | 323 | 302 | 267 | 1232 | 283 | 261 | 265 | 229 | 1038 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Exploration | (58) | (75) | (53) | (63) | (249) | (51) | (69) | (57) | (41) | (218) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Oil & Gas | 955 | 1208 | 1292 | 1144 | 4599 | 1285 | 695 | 966 | 528 | 3474 |
| Midstream & Marketing | (58) | 46 | 7 | (31) | (36) | 2 | 98 | 61 | 207 | 368 |
| Adjusted segment income | 897 | 1254 | 1299 | 1113 | 4563 | 1287 | 793 | 1027 | 735 | 3842 |
| Corporate |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Interest | (256) | (246) | (299) | (319) | (1120) | (310) | (271) | (266) | (248) | (1095) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other | (146) | (132) | (144) | (140) | (562) | (133) | (142) | (129) | (186) | (590) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Taxes | 75 | 71 | 57 | 149 | 352 | 57 | 63 | 62 | 58 | 240 |
| Adjusted income from continuing operations | 570 | 947 | 913 | 803 | 3233 | 901 | 443 | 694 | 359 | 2397 |
| &nbsp;&nbsp;&nbsp;&nbsp;Less: Net income attributable to noncontrolling interest |  | (8) | (7) | (7) | (22) | (9) | (10) | (12) | (12) | (43) |
| &nbsp;&nbsp;&nbsp;&nbsp;Less: Preferred stock dividends | (170) | (170) | (169) | (170) | (736) | (170) | (170) | (169) | (170) | (679) |
| Adjusted income from continuing operations attributable to common stockholders | 400 | 769 | 737 | 626 | 2475 | 722 | 263 | 513 | 177 | 1675 |
| Adjusted discontinued operations, net of taxes | 204 | 224 | 240 | 166 | 834 | 138 | 130 | 136 | 141 | 545 |
| Adjusted income attributable to common stockholders | $604 | $993 | $977 | $792 | $3309 | $860 | $393 | $649 | $318 | $2220 |
| Adjusted diluted earnings per share (Non-GAAP) | $0.63 | $1.03 | $1.00 | $0.80 | $3.46 | $0.87 | $0.39 | $0.64 | $0.31 | $2.21 |
| **<u>Reconciliation - Diluted Earnings Per Share</u>** |  |  |  |  |  |  |  |  |  |  |
| **Reported Diluted Earnings Per Share (GAAP)** | $0.75 | $1.03 | $0.98 | $(0.30) | $2.44 | $0.77 | $0.26 | $0.65 | $(0.07) | $1.61 |
| After-Tax Adjustments for Items Affecting Comparability |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Oil & Gas |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Domestic | $— | $— | $(0.46) | $(0.28) | $(0.74) | $— | $(0.05) | $(0.04) | $(0.07) | $(0.16) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;International | (0.05) | (0.01) |  |  | (0.06) |  |  | 0.03 |  | 0.03 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Midstream & Marketing | 0.03 | 0.05 | 0.49 | (0.07) | 0.50 | (0.07) | (0.06) | 0.02 | (0.02) | (0.13) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Corporate |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Interest | (0.04) | (0.01) | (0.01) |  | (0.05) |  |  |  | 0.02 | 0.02 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other | (0.01) | (0.01) | (0.04) | 0.04 | (0.02) | (0.01) |  |  | (0.03) | (0.04) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Taxes |  | (0.02) |  | 0.01 | (0.01) |  |  |  | (0.01) | (0.01) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Adjustment to diluted average shares for adjusted income & Warrant Inducements |  |  |  | 0.04 |  |  | (0.02) |  | (0.01) | (0.03) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Discontinued operations, net of taxes | 0.20 |  |  | (0.81) | (0.64) | (0.02) |  |  | (0.26) | (0.28) |
| Total After-Tax Adjustments for Items Affecting Comparability | $0.13 | $— | $(0.02) | $(1.07) | $(1.02) | $(0.10) | $(0.13) | $0.01 | $(0.38) | $(0.60) |
| **Adjusted Diluted Earnings Per Share (Non-GAAP)** | $0.62 | $1.03 | $1.00 | $0.77 | $3.46 | $0.87 | $0.39 | $0.64 | $0.31 | $2.21 |
| Average Diluted Shares Outstanding - Reported (millions) | 948.6 | 958.9 | 975.7 | 983.9 | 967.1 | 982.9 | 1010.4 | 1003.1 | 1002.9 | 1000.1 |
| Average Diluted Shares Outstanding - Adjusted (millions) (Non-GAAP) | 948.6 | 958.9 | 975.7 | 983.9 | 967.1 | 982.9 | 1010.4 | 1003.1 | 1002.9 | 1000.1 |
| <sup>(a)</sup> Non-GAAP Measure. Adjusted income is a non-GAAP measure. Occidental defines adjusted income as net income excluding the effects of significant transactions and events that affect earnings but vary widely and unpredictably in nature, timing and amount. These events may recur, even across successive reporting periods. This non-GAAP measure is not meant to disassociate those items from management's performance, but rather is meant to provide useful information to investors interested in comparing Occidental's earnings performance between periods. Reported net income is considered representative of management's performance over the long term, and adjusted income is not considered to be an alternative to net income reported in accordance with GAAP. The reported EPS (GAAP) calculations do not include dilutive effect of potential issuance of common stocks as their effect is anti-dilutive since Occidental generated net losses from continuing operations. | <sup>(a)</sup> Non-GAAP Measure. Adjusted income is a non-GAAP measure. Occidental defines adjusted income as net income excluding the effects of significant transactions and events that affect earnings but vary widely and unpredictably in nature, timing and amount. These events may recur, even across successive reporting periods. This non-GAAP measure is not meant to disassociate those items from management's performance, but rather is meant to provide useful information to investors interested in comparing Occidental's earnings performance between periods. Reported net income is considered representative of management's performance over the long term, and adjusted income is not considered to be an alternative to net income reported in accordance with GAAP. The reported EPS (GAAP) calculations do not include dilutive effect of potential issuance of common stocks as their effect is anti-dilutive since Occidental generated net losses from continuing operations. | <sup>(a)</sup> Non-GAAP Measure. Adjusted income is a non-GAAP measure. Occidental defines adjusted income as net income excluding the effects of significant transactions and events that affect earnings but vary widely and unpredictably in nature, timing and amount. These events may recur, even across successive reporting periods. This non-GAAP measure is not meant to disassociate those items from management's performance, but rather is meant to provide useful information to investors interested in comparing Occidental's earnings performance between periods. Reported net income is considered representative of management's performance over the long term, and adjusted income is not considered to be an alternative to net income reported in accordance with GAAP. The reported EPS (GAAP) calculations do not include dilutive effect of potential issuance of common stocks as their effect is anti-dilutive since Occidental generated net losses from continuing operations. | <sup>(a)</sup> Non-GAAP Measure. Adjusted income is a non-GAAP measure. Occidental defines adjusted income as net income excluding the effects of significant transactions and events that affect earnings but vary widely and unpredictably in nature, timing and amount. These events may recur, even across successive reporting periods. This non-GAAP measure is not meant to disassociate those items from management's performance, but rather is meant to provide useful information to investors interested in comparing Occidental's earnings performance between periods. Reported net income is considered representative of management's performance over the long term, and adjusted income is not considered to be an alternative to net income reported in accordance with GAAP. The reported EPS (GAAP) calculations do not include dilutive effect of potential issuance of common stocks as their effect is anti-dilutive since Occidental generated net losses from continuing operations. | <sup>(a)</sup> Non-GAAP Measure. Adjusted income is a non-GAAP measure. Occidental defines adjusted income as net income excluding the effects of significant transactions and events that affect earnings but vary widely and unpredictably in nature, timing and amount. These events may recur, even across successive reporting periods. This non-GAAP measure is not meant to disassociate those items from management's performance, but rather is meant to provide useful information to investors interested in comparing Occidental's earnings performance between periods. Reported net income is considered representative of management's performance over the long term, and adjusted income is not considered to be an alternative to net income reported in accordance with GAAP. The reported EPS (GAAP) calculations do not include dilutive effect of potential issuance of common stocks as their effect is anti-dilutive since Occidental generated net losses from continuing operations. | <sup>(a)</sup> Non-GAAP Measure. Adjusted income is a non-GAAP measure. Occidental defines adjusted income as net income excluding the effects of significant transactions and events that affect earnings but vary widely and unpredictably in nature, timing and amount. These events may recur, even across successive reporting periods. This non-GAAP measure is not meant to disassociate those items from management's performance, but rather is meant to provide useful information to investors interested in comparing Occidental's earnings performance between periods. Reported net income is considered representative of management's performance over the long term, and adjusted income is not considered to be an alternative to net income reported in accordance with GAAP. The reported EPS (GAAP) calculations do not include dilutive effect of potential issuance of common stocks as their effect is anti-dilutive since Occidental generated net losses from continuing operations. | <sup>(a)</sup> Non-GAAP Measure. Adjusted income is a non-GAAP measure. Occidental defines adjusted income as net income excluding the effects of significant transactions and events that affect earnings but vary widely and unpredictably in nature, timing and amount. These events may recur, even across successive reporting periods. This non-GAAP measure is not meant to disassociate those items from management's performance, but rather is meant to provide useful information to investors interested in comparing Occidental's earnings performance between periods. Reported net income is considered representative of management's performance over the long term, and adjusted income is not considered to be an alternative to net income reported in accordance with GAAP. The reported EPS (GAAP) calculations do not include dilutive effect of potential issuance of common stocks as their effect is anti-dilutive since Occidental generated net losses from continuing operations. | <sup>(a)</sup> Non-GAAP Measure. Adjusted income is a non-GAAP measure. Occidental defines adjusted income as net income excluding the effects of significant transactions and events that affect earnings but vary widely and unpredictably in nature, timing and amount. These events may recur, even across successive reporting periods. This non-GAAP measure is not meant to disassociate those items from management's performance, but rather is meant to provide useful information to investors interested in comparing Occidental's earnings performance between periods. Reported net income is considered representative of management's performance over the long term, and adjusted income is not considered to be an alternative to net income reported in accordance with GAAP. The reported EPS (GAAP) calculations do not include dilutive effect of potential issuance of common stocks as their effect is anti-dilutive since Occidental generated net losses from continuing operations. | <sup>(a)</sup> Non-GAAP Measure. Adjusted income is a non-GAAP measure. Occidental defines adjusted income as net income excluding the effects of significant transactions and events that affect earnings but vary widely and unpredictably in nature, timing and amount. These events may recur, even across successive reporting periods. This non-GAAP measure is not meant to disassociate those items from management's performance, but rather is meant to provide useful information to investors interested in comparing Occidental's earnings performance between periods. Reported net income is considered representative of management's performance over the long term, and adjusted income is not considered to be an alternative to net income reported in accordance with GAAP. The reported EPS (GAAP) calculations do not include dilutive effect of potential issuance of common stocks as their effect is anti-dilutive since Occidental generated net losses from continuing operations. | <sup>(a)</sup> Non-GAAP Measure. Adjusted income is a non-GAAP measure. Occidental defines adjusted income as net income excluding the effects of significant transactions and events that affect earnings but vary widely and unpredictably in nature, timing and amount. These events may recur, even across successive reporting periods. This non-GAAP measure is not meant to disassociate those items from management's performance, but rather is meant to provide useful information to investors interested in comparing Occidental's earnings performance between periods. Reported net income is considered representative of management's performance over the long term, and adjusted income is not considered to be an alternative to net income reported in accordance with GAAP. The reported EPS (GAAP) calculations do not include dilutive effect of potential issuance of common stocks as their effect is anti-dilutive since Occidental generated net losses from continuing operations. | <sup>(a)</sup> Non-GAAP Measure. Adjusted income is a non-GAAP measure. Occidental defines adjusted income as net income excluding the effects of significant transactions and events that affect earnings but vary widely and unpredictably in nature, timing and amount. These events may recur, even across successive reporting periods. This non-GAAP measure is not meant to disassociate those items from management's performance, but rather is meant to provide useful information to investors interested in comparing Occidental's earnings performance between periods. Reported net income is considered representative of management's performance over the long term, and adjusted income is not considered to be an alternative to net income reported in accordance with GAAP. The reported EPS (GAAP) calculations do not include dilutive effect of potential issuance of common stocks as their effect is anti-dilutive since Occidental generated net losses from continuing operations. |

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**SCHEDULE 5**

**Occidental Petroleum Corporation** 

**Consolidated Condensed Statements of Operations**

(amounts in millions, except per-share amounts)

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | **2024** | **2024** | **2024** | **2024** | **2024** | **2025** | **2025** | **2025** | **2025** | **2025** |
| | **Qtr 1** | **Qtr 2** | **Qtr 3** | **Qtr 4** | **TY** | **Qtr 1** | **Qtr 2** | **Qtr 3** | **Qtr 4** | **TY** |
| **REVENUES AND OTHER INCOME** |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net sales |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Oil & Gas | $4915 | $5469 | $5697 | $5624 | $21705 | $5683 | $5009 | $5404 | $4806 | $20902 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Midstream & Marketing | 78 | 257 | 399 | 152 | 886 | 173 | 390 | 265 | 451 | 1279 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Eliminations | (146) | (146) | (141) | (139) | (572) | (152) | (141) | (150) | (145) | (588) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total | 4847 | 5580 | 5955 | 5637 | 22019 | 5704 | 5258 | 5519 | 5112 | 21593 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Interest, dividends and other income | 37 | 45 | 63 | 47 | 192 | 53 | 48 | 60 | 58 | 219 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Gains (losses) on sale of assets and other, net | (1) | 28 | (79) | 36 | (16) | (19) | (5) | 34 | 253 | 263 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total | 4883 | 5653 | 5939 | 5720 | 22195 | 5738 | 5301 | 5613 | 5423 | 22075 |
| **COSTS AND OTHER DEDUCTIONS** |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Oil and gas lease operating expense | 1161 | 1179 | 1207 | 1191 | 4738 | 1217 | 1135 | 1174 | 1155 | 4681 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Transportation and gathering expense | 353 | 405 | 407 | 443 | 1608 | 413 | 409 | 416 | 422 | 1660 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Purchased commodities and midstream cost of sales | 95 | 119 | 115 | 102 | 431 | 39 | 39 | 60 | 38 | 176 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Selling, general and administrative expense | 233 | 233 | 245 | 249 | 960 | 241 | 257 | 238 | 250 | 986 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other operating and non-operating expense | 369 | 293 | 306 | 351 | 1319 | 326 | 445 | 357 | 428 | 1556 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Taxes other than on income | 235 | 265 | 256 | 283 | 1039 | 264 | 269 | 248 | 249 | 1030 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Depreciation, depletion and amortization | 1591 | 1670 | 1820 | 1870 | 6951 | 1804 | 1823 | 1947 | 1959 | 7533 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Asset impairments and other charges |  |  | 22 | 334 | 356 |  |  |  | 60 | 60 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Acquisition-related costs | 12 | 14 | 49 | 9 | 84 | 6 | 6 | 1 |  | 13 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Exploration expense | 66 | 83 | 57 | 69 | 275 | 55 | 83 | 66 | 45 | 249 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Interest and debt expense, net | 290 | 258 | 305 | 316 | 1169 | 310 | 271 | 266 | 232 | 1079 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total | 4405 | 4519 | 4789 | 5217 | 18930 | 4675 | 4737 | 4773 | 4838 | 19023 |
| **INCOME BEFORE INCOME TAXES AND OTHER ITEMS** | **478** | **1134** | **1150** | **503** | **3265** | **1063** | **564** | **840** | **585** | **3052** |
| **OTHER ITEMS** |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Income (loss) from equity investments and other | 277 | 214 | 141 | 127 | 759 | 114 | (4) | 145 | (179) | 76 |
| **INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES** | **755** | **1348** | **1291** | **630** | **4024** | **1177** | **560** | **985** | **406** | **3128** |
| Income tax expense | (248) | (402) | (391) | (117) | (1158) | (347) | (222) | (279) | (173) | (1021) |
| **INCOME FROM CONTINUING OPERATIONS** | **507** | **946** | **900** | **513** | **2866** | **830** | **338** | **706** | **233** | **2107** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Discontinued operations, net of taxes | 381 | 224 | 240 | (633) | 212 | 115 | 130 | 136 | (119) | 262 |
| **NET INCOME (LOSS)** | **888** | **1170** | **1140** | **(120)** | **3078** | **945** | **468** | **842** | **114** | **2369** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Less: Net income attributable to noncontrolling interest |  | (8) | (7) | (7) | (22) | (9) | (10) | (12) | (12) | (43) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Less: Preferred stock dividend and redemption premiums | (170) | (170) | (169) | (170) | (679) | (170) | (170) | (169) | (170) | (679) |
| **NET INCOME (LOSS) ATTRIBUTABLE TO COMMON STOCKHOLDERS** | $**718** | $**992** | $**964** | $**(297)** | $**2377** | $**766** | $**288** | $**661** | $**(68)** | $**1647** |
| **EARNINGS PER SHARE** |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Income from continuing operations | $0.38 | $0.85 | $0.77 | $0.35 | $2.36 | $0.69 | $0.14 | $0.53 | $0.05 | $1.38 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Discontinued operations, net | 0.43 | 0.25 | 0.26 | (0.67) | 0.23 | 0.12 | 0.13 | 0.14 | (0.12) | 0.27 |
| &nbsp;&nbsp;&nbsp;&nbsp;**BASIC EARNINGS PER COMMON SHARE** | $**0.81** | $**1.10** | $**1.03** | $**(0.32)** | $**2.59** | $**0.81** | $**0.27** | $**0.67** | $**(0.07)** | $**1.65** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Income from continuing operations | $0.35 | $0.80 | $0.74 | $0.34 | $2.23 | $0.65 | $0.13 | $0.51 | $0.05 | $1.35 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Discontinued operations, net | 0.40 | 0.23 | 0.24 | (0.64) | 0.21 | 0.12 | 0.13 | 0.14 | (0.12) | 0.26 |
| &nbsp;&nbsp;&nbsp;&nbsp;**DILUTED EARNINGS PER COMMON SHARE** | $**0.75** | $**1.03** | $**0.98** | $**(0.30)** | $**2.44** | $**0.77** | $**0.26** | $**0.65** | $**(0.07)** | $**1.61** |
| **DIVIDENDS PER COMMON SHARE** | $**0.22** | $**0.22** | $**0.22** | $**0.22** | $**0.88** | $**0.24** | $**0.24** | $**0.24** | $**0.24** | $**0.96** |
| **AVERAGE COMMON SHARES OUTSTANDING** |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BASIC | 884.1 | 893.8 | 927.5 | 940.8 | 911.8 | 941.3 | 985.1 | 986.4 | 988.0 | 975.5 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;DILUTED | 948.6 | 958.9 | 975.7 | 983.9 | 967.1 | 982.9 | 1010.4 | 1003.1 | 1002.9 | 1000.1 |
| **INCOME TAX BENEFIT (EXPENSE) - CONTINUING OPERATIONS** | **Qtr 1** | **Qtr 2** | **Qtr 3** | **Qtr 4** | **TY** | **Qtr 1** | **Qtr 2** | **Qtr 3** | **Qtr 4** | **YTD** |
| &nbsp;&nbsp;&nbsp;&nbsp;**CURRENT** |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Federal | $(191) | $(243) | $(219) | $(122) | $(775) | $(330) | $(57) | $20 | $60 | $(307) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;State and local | (6) | (6) | (14) | (2) | (28) | (13) | (4) | 6 | 11 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;International | (138) | (192) | (195) | (95) | (620) | (129) | (173) | (153) | (132) | (587) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total | (335) | (441) | (428) | (219) | (1423) | (472) | (234) | (127) | (61) | (894) |
| &nbsp;&nbsp;&nbsp;&nbsp;**DEFERRED** |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Federal | 78 | 38 | 45 | 36 | $197 | 139 | 39 | (142) | (135) | $(99) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;State and local |  | (3) | (5) | 28 | 20 | 4 | (1) | (4) | (30) | (31) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;International | 9 | 4 | (3) | 38 | 48 | (18) | (26) | (6) | 53 | 3 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total | 87 | 39 | 37 | 102 | 265 | 125 | 12 | (152) | (112) | (127) |
| **TOTAL INCOME TAX EXPENSE - CONTINUING OPERATIONS** | $(248) | $(402) | $(391) | $(117) | $(1158) | $(347) | $(222) | $(279) | $(173) | $(1021) |
| **ADJUSTED SG&A, OTHER OPERATING AND NON-OPERATING EXPENSES (NON-GAAP)** | **Qtr 1** | **Qtr 2** | **Qtr 3** | **Qtr 4** | **TY** | **Qtr 1** | **Qtr 2** | **Qtr 3** | **Qtr 4** | **YTD** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Selling, general and administrative expense | $233 | $233 | $245 | $249 | $960 | $241 | $257 | $238 | $250 | $986 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other operating and non-operating expense | 369 | 293 | 306 | 351 | 1319 | 326 | 445 | 357 | 428 | 1556 |
| &nbsp;&nbsp;&nbsp;**Total SG&A, Other Operating and Non-Operating Expenses (GAAP)** | **602** | **526** | **551** | **600** | **2279** | **567** | **702** | **595** | **678** | **2542** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Less: Items Affecting Comparability | (44) | (10) |  |  | (54) |  | (65) |  |  | (65) |
| &nbsp;&nbsp;&nbsp;**Adjusted SG&A, Other Operating and Non-Operating Expenses (NON-GAAP)** <sup>(a)</sup> | $**558** | $**516** | $**551** | $**600** | $**2225** | $**567** | $**637** | $**595** | $**678** | $**2477** |
| <sup>(a)</sup> Non-GAAP Measures. Adjusted SG&A, other operating and non-operating expenses is a non-GAAP measure. Occidental defines adjusted SG&A, other operating and non-operating expenses as the sum of selling, general and administrative expense and other operating and non-operating expense less items affecting comparability.  | <sup>(a)</sup> Non-GAAP Measures. Adjusted SG&A, other operating and non-operating expenses is a non-GAAP measure. Occidental defines adjusted SG&A, other operating and non-operating expenses as the sum of selling, general and administrative expense and other operating and non-operating expense less items affecting comparability.  | <sup>(a)</sup> Non-GAAP Measures. Adjusted SG&A, other operating and non-operating expenses is a non-GAAP measure. Occidental defines adjusted SG&A, other operating and non-operating expenses as the sum of selling, general and administrative expense and other operating and non-operating expense less items affecting comparability.  | <sup>(a)</sup> Non-GAAP Measures. Adjusted SG&A, other operating and non-operating expenses is a non-GAAP measure. Occidental defines adjusted SG&A, other operating and non-operating expenses as the sum of selling, general and administrative expense and other operating and non-operating expense less items affecting comparability.  | <sup>(a)</sup> Non-GAAP Measures. Adjusted SG&A, other operating and non-operating expenses is a non-GAAP measure. Occidental defines adjusted SG&A, other operating and non-operating expenses as the sum of selling, general and administrative expense and other operating and non-operating expense less items affecting comparability.  | <sup>(a)</sup> Non-GAAP Measures. Adjusted SG&A, other operating and non-operating expenses is a non-GAAP measure. Occidental defines adjusted SG&A, other operating and non-operating expenses as the sum of selling, general and administrative expense and other operating and non-operating expense less items affecting comparability.  | <sup>(a)</sup> Non-GAAP Measures. Adjusted SG&A, other operating and non-operating expenses is a non-GAAP measure. Occidental defines adjusted SG&A, other operating and non-operating expenses as the sum of selling, general and administrative expense and other operating and non-operating expense less items affecting comparability.  | <sup>(a)</sup> Non-GAAP Measures. Adjusted SG&A, other operating and non-operating expenses is a non-GAAP measure. Occidental defines adjusted SG&A, other operating and non-operating expenses as the sum of selling, general and administrative expense and other operating and non-operating expense less items affecting comparability.  | <sup>(a)</sup> Non-GAAP Measures. Adjusted SG&A, other operating and non-operating expenses is a non-GAAP measure. Occidental defines adjusted SG&A, other operating and non-operating expenses as the sum of selling, general and administrative expense and other operating and non-operating expense less items affecting comparability.  | <sup>(a)</sup> Non-GAAP Measures. Adjusted SG&A, other operating and non-operating expenses is a non-GAAP measure. Occidental defines adjusted SG&A, other operating and non-operating expenses as the sum of selling, general and administrative expense and other operating and non-operating expense less items affecting comparability.  | <sup>(a)</sup> Non-GAAP Measures. Adjusted SG&A, other operating and non-operating expenses is a non-GAAP measure. Occidental defines adjusted SG&A, other operating and non-operating expenses as the sum of selling, general and administrative expense and other operating and non-operating expense less items affecting comparability.  |

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**SCHEDULE 6**

**Occidental Petroleum Corporation**

**Consolidated Condensed Balance Sheets**

(amounts in millions)

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | **2024** | **2024** | **2024** | **2024** | **2025** | **2025** | **2025** | **2025** |
| | **MAR** | **JUN** | **SEP** | **DEC** | **MAR** | **JUN** | **SEP** | **DEC** |
| **CURRENT ASSETS** |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cash and cash equivalents | $1260 | $1828 | $1738 | $2125 | $2604 | $2314 | $2141 | $1968 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Trade receivables, net | 2560 | 3205 | 3223 | 2839 | 2858 | 2718 | 2489 | 2575 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Joint interest receivables | 783 | 671 | 789 | 720 | 657 | 638 | 667 | 684 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Inventories | 1784 | 2480 | 1940 | 1756 | 1751 | 1493 | 1720 | 1823 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other current assets | 733 | 719 | 678 | 490 | 541 | 561 | 589 | 601 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Assets held for sale | 1225 | 1189 | 1186 | 1140 | 1305 | 1253 | 1206 | 1176 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total current assets | 8345 | 10092 | 9554 | 9070 | 9716 | 8977 | 8812 | 8827 |
| **INVESTMENTS IN UNCONSOLIDATED ENTITIES** | 2853 | 2919 | 2671 | 2646 | 2616 | 2450 | 2505 | 2475 |
| **PROPERTY, PLANT AND EQUIPMENT** |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Gross property, plant and equipment | 119687 | 121144 | 129839 | 131630 | 132792 | 134215 | 135670 | 137753 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accumulated depreciation, depletion and amortization | (63984) | (65457) | (63784) | (65767) | (68239) | (69835) | (72337) | (74110) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net property, plant and equipment | 55703 | 55687 | 66055 | 65863 | 64553 | 64380 | 63333 | 63643 |
| **NON-CURRENT ASSETS HELD SALE** | 3987 | 4125 | 4195 | 4430 | 4587 | 4829 | 5005 | 5344 |
| **OPERATING LEASE ASSETS** | 845 | 837 | 782 | 755 | 733 | 962 | 952 | 908 |
| **OTHER LONG-TERM ASSETS** | 2544 | 2556 | 2546 | 2681 | 2762 | 2762 | 2865 | 2989 |
| **TOTAL ASSETS** | $**74277** | $**76216** | $**85803** | $**85445** | $**84967** | $**84360** | $**83472** | $**84186** |
| **CURRENT LIABILITIES** |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Current maturities of long-term debt | $1203 | $1347 | $1179 | $1138 | $1557 | $433 | $1613 | $1773 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accounts payable | 3528 | 3980 | 3630 | 3472 | 3432 | 3474 | 3200 | 3285 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accrued liabilities | 3563 | 3819 | 4149 | 4248 | 3921 | 3961 | 3896 | 3592 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Liabilities held for sale | 518 | 553 | 583 | 663 | 713 | 696 | 712 | 778 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total current liabilities | 8812 | 9699 | 9541 | 9521 | 9623 | 8564 | 9421 | 9428 |
| **LONG-TERM DEBT, NET** | 18545 | 18390 | 25457 | 24979 | 24038 | 23343 | 20825 | 20623 |
| **DEFERRED CREDITS AND OTHER LIABILITIES** |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Deferred income taxes, net | 5728 | 5680 | 5630 | 5394 | 5263 | 5245 | 5402 | 5636 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Asset retirement obligations | 3755 | 3735 | 3773 | 3923 | 3733 | 3703 | 3732 | 4172 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Non-current liabilities held for sale | 334 | 367 | 329 | 333 | 351 | 382 | 397 | 418 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other deferred credits and liabilities | 6136 | 6086 | 6139 | 6815 | 6854 | 6947 | 6929 | 7311 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total deferred credits and other liabilities | 15953 | 15868 | 15871 | 16465 | 16201 | 16277 | 16460 | 17537 |
| **EQUITY** |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Preferred stock, $1.00 per share par value | 8287 | 8287 | 8287 | 8287 | 8287 | 8287 | 8287 | 8287 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Common stock, $0.20 per share par value | 223 | 227 | 233 | 233 | 234 | 243 | 243 | 243 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Treasury stock | (15582) | (15591) | (15591) | (15597) | (15597) | (15597) | (15597) | (15597) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Additional paid-in capital | 17456 | 17928 | 19802 | 19868 | 19892 | 20849 | 20926 | 21008 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Retained earnings | 20147 | 20938 | 21694 | 21189 | 21726 | 21776 | 22198 | 21891 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accumulated other comprehensive income (loss) | 280 | 264 | 249 | 179 | 170 | 164 | 204 | 202 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total stockholder's equity | 30811 | 32053 | 34674 | 34159 | 34712 | 35722 | 36261 | 36034 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Noncontrolling interest | 156 | 206 | 260 | 321 | 393 | 454 | 505 | 564 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total equity | 30967 | 32259 | 34934 | 34480 | 35105 | 36176 | 36766 | 36598 |
| **TOTAL LIABILITIES AND EQUITY** | $**74277** | $**76216** | $**85803** | $**85445** | $**84967** | $**84360** | $**83472** | $**84186** |

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------

**SCHEDULE 7a**

**Occidental Petroleum Corporation**

**Consolidated Condensed Statements of Cash Flows** 

(amounts in millions)

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | **2024** | **2024** | **2024** | **2024** | **2024** | **2025** | **2025** | **2025** | **2025** | **2025** |
| | **Qtr 1** | **Qtr 2** | **Qtr 3** | **Qtr 4** | **TY** | **Qtr 1** | **Qtr 2** | **Qtr 3** | **Qtr 4** | **TY** |
| **CASH FLOW FROM OPERATING ACTIVITIES** |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Net income (loss) | $888 | $1170 | $1140 | $(120) | $3078 | $945 | $468 | $842 | $114 | $2369 |
| &nbsp;&nbsp;&nbsp;Adjustments to reconcile net income to net cash from operating activities: |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Discontinued operations, net | (381) | (224) | (240) | 633 | (212) | (115) | (130) | (136) | 119 | (262) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Depreciation, depletion and amortization | 1591 | 1670 | 1819 | 1871 | 6951 | 1804 | 1823 | 1947 | 1959 | 7533 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Deferred income tax provision (benefit) | (87) | (39) | (37) | (102) | (265) | (125) | (12) | 152 | 112 | 127 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other noncash charges (benefit) to income | 256 | 165 | (1) | 34 | 454 | 180 | 25 | 109 | 106 | 420 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Asset impairments |  |  | 21 | 334 | 355 |  |  |  | 21 | 21 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Losses (gains) on sales of assets and other, net | 1 | (28) | 79 | 8 | 60 | 19 | 5 | (34) | (253) | (263) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Undistributed losses (earnings) from equity investments | (160) | (21) | 52 | 46 | (83) | 46 | 183 | 33 | 357 | 619 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dry hole expense | 36 | 29 | 12 | 29 | 106 | 17 | 46 | 36 | 10 | 109 |
| &nbsp;&nbsp;&nbsp;Changes in operating assets and liabilities: |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Increase) decrease in trade receivables | (35) | (646) | 179 | 386 | (116) | (19) | 140 | 226 | (95) | 252 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Increase) decrease in inventories | (83) | (690) | 562 | 184 | (27) |  | 286 | (211) | (63) | 12 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Increase) decrease in joint interest receivables and other current assets | 44 | 129 | 55 | 58 | 286 | (3) | 29 | (100) | 12 | (62) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Increase (decrease) in accounts payable and accrued liabilities | (401) | 558 | (542) | (155) | (540) | (766) | 108 | (439) | 133 | (964) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Increase (decrease) in current domestic and foreign income taxes | 137 | 11 | 234 | 90 | 472 | 49 | (242) | 22 | (134) | (305) |
| &nbsp;&nbsp;**Operating cash flow from continuing operations** | **1806** | **2084** | **3333** | **3296** | **10519** | **2032** | **2729** | **2447** | **2398** | **9606** |
| &nbsp;&nbsp;&nbsp;&nbsp;Operating cash flow from discontinued operations | 201 | 310 | 349 | 60 | 920 | 116 | 231 | 343 | 236 | 926 |
| &nbsp;&nbsp;**Net cash provided by operating activities** | **2007** | **2394** | **3682** | **3356** | **11439** | **2148** | **2960** | **2790** | **2634** | **10532** |
| **CASH FLOW FROM INVESTING ACTIVITIES** |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Capital expenditures | (1696) | (1584) | (1502) | (1481) | (6263) | (1682) | (1705) | (1512) | (1528) | (6427) |
| &nbsp;&nbsp;&nbsp;&nbsp;Change in capital accrual | 157 | (110) | (1) | 54 | 100 | 50 | (24) | (68) | 74 | 32 |
| &nbsp;&nbsp;&nbsp;&nbsp;Purchases of assets, businesses and equity investments, net | (142) | (33) | (8850) | (92) | (9117) | (52) | (56) | (123) | (49) | (280) |
| &nbsp;&nbsp;&nbsp;&nbsp;Proceeds from sale of assets and equity investments, net | 98 | 50 | 1514 | 11 | 1673 | 1306 | 144 | 780 | 48 | 2278 |
| &nbsp;&nbsp;&nbsp;&nbsp;Equity investments and other, net | (30) | (29) | (92) | (63) | (214) | (75) | (74) | (60) | (77) | (286) |
| &nbsp;&nbsp;**Investing cash flow from continuing operations** | **(1613)** | **(1706)** | **(8931)** | **(1571)** | **(13821)** | **(453)** | **(1715)** | **(983)** | **(1532)** | **(4683)** |
| &nbsp;&nbsp;&nbsp;&nbsp;Investing cash flow from discontinued operations | (197) | (165) | (188) | (219) | (769) | (278) | (284) | (276) | (278) | (1116) |
| &nbsp;&nbsp;**Net cash used by investing activities** | **(1810)** | **(1871)** | **(9119)** | **(1790)** | **(14590)** | **(731)** | **(1999)** | **(1259)** | **(1810)** | **(5799)** |
| **FINANCING CASH FLOW** |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Proceeds from debt issuance |  |  | 9612 |  | 9612 |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Payments of debt |  |  | (4007) | (507) | (4514) | (518) | (1762) | (1304) | (170) | (3754) |
| &nbsp;&nbsp;&nbsp;&nbsp;Purchases of treasury stock |  | (9) |  | (18) | (27) |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Cash dividends paid on common and preferred stock | (332) | (366) | (371) | (377) | (1446) | (380) | (398) | (408) | (408) | (1594) |
| &nbsp;&nbsp;&nbsp;&nbsp;Proceeds from issuance of common stock | 88 | 416 | 67 | 13 | 584 | 25 | 906 | 17 | 18 | 966 |
| &nbsp;&nbsp;&nbsp;&nbsp;Contributions from noncontrolling interests | 57 | 42 | 47 | 54 | 200 | 63 | 51 | 39 | 47 | 200 |
| &nbsp;&nbsp;&nbsp;&nbsp;Deferred payments for purchases of assets and businesses |  |  |  | (318) | (318) |  |  |  | (417) | (417) |
| &nbsp;&nbsp;&nbsp;&nbsp;Other financing, net | (140) | (43) | (11) | (48) | (242) | (118) | (40) | (37) | (41) | (236) |
| &nbsp;&nbsp;**Financing cash flow from continuing operations** | **(327)** | **40** | **5337** | **(1201)** | 3849 | **(928)** | **(1243)** | **(1693)** | **(971)** | (4835) |
| &nbsp;&nbsp;&nbsp;&nbsp;Financing cash flow From discontinued operations | (1) | (1) | (2) | (1) | (5) | (4) |  | (2) | (3) | (9) |
| &nbsp;&nbsp;**Net cash provided (used) by financing activities** | **(328)** | **39** | **5335** | **(1202)** | 3844 | **(932)** | **(1243)** | **(1695)** | **(974)** | (4844) |
| Increase (decrease) in cash and cash equivalents and <br>&nbsp;&nbsp;&nbsp;&nbsp; restricted cash and restricted cash equivalents | (131) | 562 | (102) | 364 | 693 | 485 | (282) | (164) | (150) | (111) |
| Cash and cash equivalents and restricted cash and <br>&nbsp;&nbsp;&nbsp;&nbsp; restricted cash equivalents - beginning of period | 1464 | 1333 | 1895 | 1793 | 1464 | 2157 | 2642 | 2360 | 2196 | 2157 |
| **Cash and cash equivalents and restricted cash and <br>&nbsp;&nbsp;&nbsp;&nbsp; cash equivalents - end of period** | $**1333** | $**1895** | $**1793** | $**2157** | $**2157** | $**2642** | $**2360** | $**2196** | $**2046** | $**2046** |

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------

**SCHEDULE 7b**

**Occidental Petroleum Corporation**

**Detail of Free Cash Flow, CAPEX and DD&A**

(amounts in millions)

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | **2024** | **2024** | **2024** | **2024** | **2024** | **2025** | **2025** | **2025** | **2025** | **2025** |
| **Free Cash Flow Before Working Capital (Non-GAAP)** <sup>(a)</sup> | **Qtr 1** | **Qtr 2** | **Qtr 3** | **Qtr 4** | **TY** | **Qtr 1** | **Qtr 2** | **Qtr 3** | **Qtr 4** | **TY** |
| &nbsp;&nbsp;&nbsp;&nbsp;Operating cash flow from continuing operations | $**1806** | $**2084** | $**3333** | $**3296** | $**10519** | $**2032** | $**2729** | $**2447** | $**2398** | $**9606** |
| &nbsp;&nbsp;&nbsp;&nbsp;Operating cash flow from discontinued operations | 201 | 310 | 349 | 60 | 920 | 116 | 231 | 343 | 236 | 926 |
| &nbsp;&nbsp;**Net cash provided by operating activities (GAAP)** | **2007** | **2394** | **3682** | **3356** | **11439** | **2148** | **2960** | **2790** | **2634** | **10532** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Plus: Working capital and other, net - continuing operations | 338 | 638 | (488) | (563) | (75) | 739 | (321) | 502 | 147 | 1067 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Plus: Working capital and other, net - discontinued operations | 101 | 12 | (44) | 284 | 353 | 113 | 4 | (93) | (52) | (28) |
| &nbsp;&nbsp;&nbsp;**Operating cash flow before working capital (Non-GAAP)** | **2446** | **3044** | **3150** | **3077** | **11717** | **3000** | **2643** | **3199** | **2729** | **11571** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Less: Capital expenditures, net of noncontrolling interest (Non-GAAP) | (1726) | (1729) | (1636) | (1727) | (6818) | (1845) | (1947) | (1729) | (1766) | (7287) |
| **Free Cash Flow Before Working Capital (Non-GAAP)** | $**720** | $**1315** | $**1514** | $**1350** | $**4899** | $**1155** | $**696** | $**1470** | $**963** | $**4284** |
| **Capital Expenditures, Net of Noncontrolling Interest (Non-GAAP)** | **Qtr 1** | **Qtr 2** | **Qtr 3** | **Qtr 4** | **TY** | **Qtr 1** | **Qtr 2** | **Qtr 3** | **Qtr 4** | **TY** |
| &nbsp;&nbsp;&nbsp;Oil & Gas | $(1472) | $(1349) | $(1268) | $(1231) | $(5320) | $(1546) | $(1517) | $(1299) | $(1253) | $(5615) |
| &nbsp;&nbsp;&nbsp;Midstream & Marketing | (204) | (218) | (214) | (233) | (869) | (129) | (168) | (187) | (236) | (720) |
| &nbsp;&nbsp;&nbsp;Corporate | (20) | (17) | (20) | (17) | (74) | (7) | (20) | (26) | (39) | (92) |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total Capital Expenditures - Continuing Operations (GAAP)** | **(1696)** | **(1584)** | **(1502)** | **(1481)** | **(6263)** | **(1682)** | **(1705)** | **(1512)** | **(1528)** | **(6427)** |
| &nbsp;&nbsp;&nbsp;&nbsp;**Capital Expenditures - Discontinued Operations** | (87) | (187) | (181) | (300) | (755) | (226) | (293) | (256) | (285) | (1060) |
| **Capital Expenditures - Continuing and Discontinuing Operations** | **(1783)** | **(1771)** | **(1683)** | **(1781)** | **(7018)** | **(1908)** | **(1998)** | **(1768)** | **(1813)** | **(7487)** |
| &nbsp;&nbsp;&nbsp;Contributions from noncontrolling interests | 57 | 42 | 47 | 54 | 200 | 63 | 51 | 39 | 47 | 200 |
| **Capital Expenditures, Net of Noncontrolling Interest (Non-GAAP)** | $**(1726)** | $**(1729)** | $**(1636)** | $**(1727)** | $**(6818)** | $**(1845)** | $**(1947)** | $**(1729)** | $**(1766)** | $**(7287)** |
| **Details of Operating & Investing Cash Flow - Discontinued Operations** | **Qtr 1** | **Qtr 2** | **Qtr 3** | **Qtr 4** | **TY** | **Qtr 1** | **Qtr 2** | **Qtr 3** | **Qtr 4** | **TY** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net income, non-cash items and other - discontinued operations | $302 | $322 | $305 | $344 | $1273 | $229 | $235 | $250 | $184 | $898 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Working capital and other, net - discontinued operations | (101) | (12) | 44 | (284) | (353) | (113) | (4) | 93 | 52 | 28 |
| &nbsp;&nbsp;**Operating cash flow from discontinued operations (GAAP)** | $201 | $310 | $349 | $60 | $920 | $116 | $231 | $343 | $236 | $926 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Capital expenditures - discontinued operations | $(87) | $(187) | $(181) | $(300) | $(755) | $(226) | $(293) | $(256) | $(285) | $(1060) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other investing, net - discontinued operations | (110) | 22 | (7) | 81 | (14) | (52) | 9 | (20) | 7 | (56) |
| &nbsp;&nbsp;**Investing cash flow from discontinued operations (GAAP)** | $(197) | $(165) | $(188) | $(219) | $(769) | $(278) | $(284) | $(276) | $(278) | $(1116) |
| **Depreciation, Depletion and Amortization - Continuing Operations** | **Qtr 1** | **Qtr 2** | **Qtr 3** | **Qtr 4** | **TY** | **Qtr 1** | **Qtr 2** | **Qtr 3** | **Qtr 4** | **TY** |
| &nbsp;&nbsp;&nbsp;Oil & Gas |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;United States | $1365 | $1447 | $1597 | $1640 | $6049 | $1582 | $1590 | $1703 | $1725 | $6600 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;International | 132 | 126 | 125 | 133 | 516 | 120 | 128 | 139 | 128 | 515 |
| &nbsp;&nbsp;&nbsp;Midstream & Marketing | 69 | 68 | 68 | 67 | 272 | 73 | 74 | 74 | 73 | 294 |
| &nbsp;&nbsp;&nbsp;Corporate | 25 | 29 | 29 | 31 | 114 | 29 | 31 | 31 | 33 | 124 |
| **Total Depreciation, Depletion and Amortization - Continuing Operations** | $**1591** | $**1670** | $**1819** | $**1871** | $**6951** | $**1804** | $**1823** | $**1947** | $**1959** | $**7533** |
| (a) Non-GAAP Measures. Operating cash flow before working capital, capital expenditures, net of noncontrolling interest and free cash flow before working capital are non-GAAP measures. Occidental defines operating cash flow before working capital as operating cash flow less working capital from continuing and discontinued operations. Capital expenditures, net of noncontrolling interest is defined as capital expenditures from continuing and discontinued operations less contributions from noncontrolling interest. Free cash flow before working capital is defined as operating cash flow before working capital less capital expenditures, net of noncontrolling interest. These non-GAAP measures are not meant to disassociate those items from management's performance, but rather are meant to provide useful information to investors interested in comparing Occidental's performance between periods. Reported operating cash flow and capital expenditures are considered representative of management's performance over the long term, and operating cash flow before working capital, capital expenditures, net of noncontrolling interest and free cash flow before working capital are not considered to be alternatives to reported operating cash flow and capital expenditures in accordance with GAAP. | (a) Non-GAAP Measures. Operating cash flow before working capital, capital expenditures, net of noncontrolling interest and free cash flow before working capital are non-GAAP measures. Occidental defines operating cash flow before working capital as operating cash flow less working capital from continuing and discontinued operations. Capital expenditures, net of noncontrolling interest is defined as capital expenditures from continuing and discontinued operations less contributions from noncontrolling interest. Free cash flow before working capital is defined as operating cash flow before working capital less capital expenditures, net of noncontrolling interest. These non-GAAP measures are not meant to disassociate those items from management's performance, but rather are meant to provide useful information to investors interested in comparing Occidental's performance between periods. Reported operating cash flow and capital expenditures are considered representative of management's performance over the long term, and operating cash flow before working capital, capital expenditures, net of noncontrolling interest and free cash flow before working capital are not considered to be alternatives to reported operating cash flow and capital expenditures in accordance with GAAP. | (a) Non-GAAP Measures. Operating cash flow before working capital, capital expenditures, net of noncontrolling interest and free cash flow before working capital are non-GAAP measures. Occidental defines operating cash flow before working capital as operating cash flow less working capital from continuing and discontinued operations. Capital expenditures, net of noncontrolling interest is defined as capital expenditures from continuing and discontinued operations less contributions from noncontrolling interest. Free cash flow before working capital is defined as operating cash flow before working capital less capital expenditures, net of noncontrolling interest. These non-GAAP measures are not meant to disassociate those items from management's performance, but rather are meant to provide useful information to investors interested in comparing Occidental's performance between periods. Reported operating cash flow and capital expenditures are considered representative of management's performance over the long term, and operating cash flow before working capital, capital expenditures, net of noncontrolling interest and free cash flow before working capital are not considered to be alternatives to reported operating cash flow and capital expenditures in accordance with GAAP. | (a) Non-GAAP Measures. Operating cash flow before working capital, capital expenditures, net of noncontrolling interest and free cash flow before working capital are non-GAAP measures. Occidental defines operating cash flow before working capital as operating cash flow less working capital from continuing and discontinued operations. Capital expenditures, net of noncontrolling interest is defined as capital expenditures from continuing and discontinued operations less contributions from noncontrolling interest. Free cash flow before working capital is defined as operating cash flow before working capital less capital expenditures, net of noncontrolling interest. These non-GAAP measures are not meant to disassociate those items from management's performance, but rather are meant to provide useful information to investors interested in comparing Occidental's performance between periods. Reported operating cash flow and capital expenditures are considered representative of management's performance over the long term, and operating cash flow before working capital, capital expenditures, net of noncontrolling interest and free cash flow before working capital are not considered to be alternatives to reported operating cash flow and capital expenditures in accordance with GAAP. | (a) Non-GAAP Measures. Operating cash flow before working capital, capital expenditures, net of noncontrolling interest and free cash flow before working capital are non-GAAP measures. Occidental defines operating cash flow before working capital as operating cash flow less working capital from continuing and discontinued operations. Capital expenditures, net of noncontrolling interest is defined as capital expenditures from continuing and discontinued operations less contributions from noncontrolling interest. Free cash flow before working capital is defined as operating cash flow before working capital less capital expenditures, net of noncontrolling interest. These non-GAAP measures are not meant to disassociate those items from management's performance, but rather are meant to provide useful information to investors interested in comparing Occidental's performance between periods. Reported operating cash flow and capital expenditures are considered representative of management's performance over the long term, and operating cash flow before working capital, capital expenditures, net of noncontrolling interest and free cash flow before working capital are not considered to be alternatives to reported operating cash flow and capital expenditures in accordance with GAAP. | (a) Non-GAAP Measures. Operating cash flow before working capital, capital expenditures, net of noncontrolling interest and free cash flow before working capital are non-GAAP measures. Occidental defines operating cash flow before working capital as operating cash flow less working capital from continuing and discontinued operations. Capital expenditures, net of noncontrolling interest is defined as capital expenditures from continuing and discontinued operations less contributions from noncontrolling interest. Free cash flow before working capital is defined as operating cash flow before working capital less capital expenditures, net of noncontrolling interest. These non-GAAP measures are not meant to disassociate those items from management's performance, but rather are meant to provide useful information to investors interested in comparing Occidental's performance between periods. Reported operating cash flow and capital expenditures are considered representative of management's performance over the long term, and operating cash flow before working capital, capital expenditures, net of noncontrolling interest and free cash flow before working capital are not considered to be alternatives to reported operating cash flow and capital expenditures in accordance with GAAP. | (a) Non-GAAP Measures. Operating cash flow before working capital, capital expenditures, net of noncontrolling interest and free cash flow before working capital are non-GAAP measures. Occidental defines operating cash flow before working capital as operating cash flow less working capital from continuing and discontinued operations. Capital expenditures, net of noncontrolling interest is defined as capital expenditures from continuing and discontinued operations less contributions from noncontrolling interest. Free cash flow before working capital is defined as operating cash flow before working capital less capital expenditures, net of noncontrolling interest. These non-GAAP measures are not meant to disassociate those items from management's performance, but rather are meant to provide useful information to investors interested in comparing Occidental's performance between periods. Reported operating cash flow and capital expenditures are considered representative of management's performance over the long term, and operating cash flow before working capital, capital expenditures, net of noncontrolling interest and free cash flow before working capital are not considered to be alternatives to reported operating cash flow and capital expenditures in accordance with GAAP. | (a) Non-GAAP Measures. Operating cash flow before working capital, capital expenditures, net of noncontrolling interest and free cash flow before working capital are non-GAAP measures. Occidental defines operating cash flow before working capital as operating cash flow less working capital from continuing and discontinued operations. Capital expenditures, net of noncontrolling interest is defined as capital expenditures from continuing and discontinued operations less contributions from noncontrolling interest. Free cash flow before working capital is defined as operating cash flow before working capital less capital expenditures, net of noncontrolling interest. These non-GAAP measures are not meant to disassociate those items from management's performance, but rather are meant to provide useful information to investors interested in comparing Occidental's performance between periods. Reported operating cash flow and capital expenditures are considered representative of management's performance over the long term, and operating cash flow before working capital, capital expenditures, net of noncontrolling interest and free cash flow before working capital are not considered to be alternatives to reported operating cash flow and capital expenditures in accordance with GAAP. | (a) Non-GAAP Measures. Operating cash flow before working capital, capital expenditures, net of noncontrolling interest and free cash flow before working capital are non-GAAP measures. Occidental defines operating cash flow before working capital as operating cash flow less working capital from continuing and discontinued operations. Capital expenditures, net of noncontrolling interest is defined as capital expenditures from continuing and discontinued operations less contributions from noncontrolling interest. Free cash flow before working capital is defined as operating cash flow before working capital less capital expenditures, net of noncontrolling interest. These non-GAAP measures are not meant to disassociate those items from management's performance, but rather are meant to provide useful information to investors interested in comparing Occidental's performance between periods. Reported operating cash flow and capital expenditures are considered representative of management's performance over the long term, and operating cash flow before working capital, capital expenditures, net of noncontrolling interest and free cash flow before working capital are not considered to be alternatives to reported operating cash flow and capital expenditures in accordance with GAAP. | (a) Non-GAAP Measures. Operating cash flow before working capital, capital expenditures, net of noncontrolling interest and free cash flow before working capital are non-GAAP measures. Occidental defines operating cash flow before working capital as operating cash flow less working capital from continuing and discontinued operations. Capital expenditures, net of noncontrolling interest is defined as capital expenditures from continuing and discontinued operations less contributions from noncontrolling interest. Free cash flow before working capital is defined as operating cash flow before working capital less capital expenditures, net of noncontrolling interest. These non-GAAP measures are not meant to disassociate those items from management's performance, but rather are meant to provide useful information to investors interested in comparing Occidental's performance between periods. Reported operating cash flow and capital expenditures are considered representative of management's performance over the long term, and operating cash flow before working capital, capital expenditures, net of noncontrolling interest and free cash flow before working capital are not considered to be alternatives to reported operating cash flow and capital expenditures in accordance with GAAP. | (a) Non-GAAP Measures. Operating cash flow before working capital, capital expenditures, net of noncontrolling interest and free cash flow before working capital are non-GAAP measures. Occidental defines operating cash flow before working capital as operating cash flow less working capital from continuing and discontinued operations. Capital expenditures, net of noncontrolling interest is defined as capital expenditures from continuing and discontinued operations less contributions from noncontrolling interest. Free cash flow before working capital is defined as operating cash flow before working capital less capital expenditures, net of noncontrolling interest. These non-GAAP measures are not meant to disassociate those items from management's performance, but rather are meant to provide useful information to investors interested in comparing Occidental's performance between periods. Reported operating cash flow and capital expenditures are considered representative of management's performance over the long term, and operating cash flow before working capital, capital expenditures, net of noncontrolling interest and free cash flow before working capital are not considered to be alternatives to reported operating cash flow and capital expenditures in accordance with GAAP. |

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------

**SCHEDULE 8**

**Occidental Petroleum Corporation**

**Oil & Gas Net Production Volumes Per Day by Geographical Locations**

**TOTAL REPORTED PRODUCTION**

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | **2024** | **2024** | **2024** | **2024** | **2024** | **2025** | **2025** | **2025** | **2025** | **2025** |
| **REPORTED NET MBOE VOLUMES PER DAY:** | **Qtr 1** | **Qtr 2** | **Qtr 3** | **Qtr 4** | **TY** | **Qtr 1** | **Qtr 2** | **Qtr 3** | **Qtr 4** | **TY** |
| **United States** |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Permian | 567 | 587 | 729 | 771 | 664 | 754 | 770 | 800 | 818 | 786 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Rockies & Other Domestic | 286 | 306 | 321 | 325 | 310 | 292 | 272 | 288 | 284 | 284 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Gulf of America | 90 | 138 | 136 | 137 | 125 | 121 | 125 | 139 | 144 | 132 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total | 943 | 1031 | 1186 | 1233 | 1099 | 1167 | 1167 | 1227 | 1246 | 1202 |
| **International** |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Algeria & Other International | 31 | 33 | 31 | 33 | 32 | 33 | 31 | 30 | 31 | 31 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Al Hosn | 92 | 91 | 91 | 91 | 91 | 90 | 84 | 93 | 91 | 89 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dolphin | 36 | 39 | 39 | 41 | 39 | 36 | 42 | 41 | 41 | 40 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Oman | 70 | 64 | 65 | 65 | 66 | 65 | 76 | 74 | 72 | 72 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total | 229 | 227 | 226 | 230 | 228 | 224 | 233 | 238 | 235 | 232 |
| **TOTAL REPORTED PRODUCTION** | **1172** | **1258** | **1412** | **1463** | **1327** | **1391** | **1400** | **1465** | **1481** | **1434** |
| **REPORTED NET PRODUCTION** |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;**VOLUMES PER DAY BY COMMODITY:** |  |  |  |  |  |  |  |  |  |  |
| **United States** |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Oil (MBBL) |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Permian | 323 | 339 | 402 | 416 | 370 | 404 | 410 | 422 | 427 | 416 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Rockies & Other Domestic | 89 | 98 | 94 | 102 | 96 | 95 | 88 | 95 | 88 | 92 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Gulf of America | 75 | 116 | 115 | 116 | 105 | 102 | 106 | 117 | 121 | 112 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total | 487 | 553 | 611 | 634 | 571 | 601 | 604 | 634 | 636 | 620 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NGL (MBBL) |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Permian | 136 | 136 | 186 | 194 | 163 | 188 | 196 | 208 | 213 | 201 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Rockies & Other Domestic | 100 | 103 | 112 | 106 | 106 | 77 | 74 | 80 | 79 | 78 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Gulf of America | 6 | 10 | 9 | 10 | 9 | 8 | 9 | 10 | 10 | 9 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total | 242 | 249 | 307 | 310 | 278 | 273 | 279 | 298 | 302 | 288 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Natural Gas (MMCF) |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Permian | 645 | 671 | 848 | 964 | 783 | 974 | 982 | 1019 | 1069 | 1011 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Rockies & Other Domestic | 584 | 630 | 691 | 700 | 649 | 718 | 659 | 678 | 700 | 686 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Gulf of America | 55 | 70 | 69 | 68 | 66 | 64 | 60 | 73 | 78 | 68 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total | 1284 | 1371 | 1608 | 1732 | 1498 | 1756 | 1701 | 1770 | 1847 | 1765 |
| **International** |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Oil (MBBL) |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Algeria and Other International | 25 | 27 | 26 | 26 | 26 | 27 | 26 | 25 | 26 | 26 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Al Hosn | 16 | 15 | 15 | 15 | 15 | 15 | 14 | 16 | 16 | 15 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dolphin | 6 | 6 | 6 | 6 | 6 | 6 | 7 | 6 | 6 | 6 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Oman | 59 | 54 | 55 | 55 | 56 | 55 | 66 | 65 | 63 | 62 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total | 106 | 102 | 102 | 102 | 103 | 103 | 113 | 112 | 111 | 109 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NGL (MBBL) |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Algeria and Other International | 4 | 3 | 2 | 3 | 3 | 3 | 3 | 2 | 2 | 3 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Al Hosn | 27 | 27 | 27 | 28 | 27 | 28 | 26 | 29 | 28 | 27 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dolphin | 7 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total | 38 | 38 | 37 | 39 | 38 | 39 | 37 | 39 | 38 | 38 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Natural Gas (MMCF) |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Algeria and Other International | 14 | 19 | 20 | 20 | 18 | 17 | 14 | 16 | 15 | 15 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Al Hosn | 295 | 291 | 292 | 290 | 293 | 284 | 263 | 296 | 285 | 283 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dolphin | 140 | 152 | 152 | 159 | 150 | 134 | 162 | 159 | 159 | 154 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Oman | 63 | 59 | 57 | 63 | 63 | 58 | 60 | 57 | 55 | 56 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total | 512 | 521 | 521 | 532 | 524 | 493 | 499 | 528 | 514 | 508 |

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------

**SCHEDULE 9**

**Occidental Petroleum Corporation** 

**Oil & Gas Net Sales Volumes Per Day and Realized Prices by Geographical Locations** 

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | **2024** | **2024** | **2024** | **2024** | **2024** | **2025** | **2025** | **2025** | **2025** | **2025** |
| **NET SALES MBOE VOLUMES PER DAY:** | **Qtr 1** | **Qtr 2** | **Qtr 3** | **Qtr 4** | **TY** | **Qtr 1** | **Qtr 2** | **Qtr 3** | **Qtr 4** | **TY** |
| **United States** | 943 | 1031 | 1186 | 1233 | 1099 | 1167 | 1167 | 1227 | 1246 | 1202 |
| **International** |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Algeria and Other International | 33 | 33 | 29 | 33 | 33 | 34 | 31 | 30 | 30 | 31 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Al Hosn | 93 | 91 | 91 | 91 | 91 | 90 | 84 | 93 | 91 | 90 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dolphin | 36 | 39 | 40 | 40 | 39 | 36 | 42 | 41 | 41 | 40 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Oman | 70 | 66 | 65 | 66 | 66 | 64 | 73 | 77 | 72 | 71 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total | 232 | 229 | 225 | 230 | 229 | 224 | 230 | 241 | 234 | 232 |
| **TOTAL REPORTED SALES** | **1175** | **1260** | **1411** | **1463** | **1328** | **1391** | **1397** | **1468** | **1480** | **1434** |
| **REALIZED PRICES** |  |  |  |  |  |  |  |  |  |  |
| **United States** |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Oil ($/BBL) | $75.54 | $79.79 | $74.81 | $69.27 | $74.62 | $70.80 | $62.83 | $64.55 | $58.28 | $64.01 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NGL ($/BBL) | $21.17 | $20.19 | $19.50 | $21.14 | $20.48 | $25.67 | $20.05 | $18.98 | $15.79 | $19.96 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Natural Gas ($/MCF) | $1.61 | $0.54 | $0.40 | $1.26 | $0.94 | $2.42 | $1.33 | $1.48 | $1.12 | $1.58 |
| **International** |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Oil ($/BBL) | $78.29 | $80.40 | $78.54 | $72.55 | $77.46 | $72.59 | $68.88 | $66.03 | $64.68 | $67.93 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NGL ($/BBL) | $28.33 | $28.11 | $28.48 | $27.11 | $28.00 | $27.85 | $25.72 | $24.40 | $23.78 | $25.43 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Natural Gas ($/MCF) | $1.87 | $1.91 | $1.90 | $1.88 | $1.89 | $1.90 | $1.90 | $1.89 | $1.87 | $1.89 |
| **Total Worldwide** |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Oil ($/BBL) | $76.04 | $79.89 | $75.33 | $69.73 | $75.05 | $71.07 | $63.76 | $64.78 | $59.22 | $64.60 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NGL ($/BBL) | $22.14 | $21.23 | $20.47 | $21.80 | $21.38 | $25.94 | $20.71 | $19.60 | $16.68 | $20.60 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Natural Gas ($/MCF) | $1.68 | $0.92 | $0.76 | $1.41 | $1.18 | $2.30 | $1.46 | $1.57 | $1.29 | $1.65 |
| **Index Prices** |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;WTI Oil ($/BBL) | $76.96 | $80.56 | $75.09 | $70.27 | $75.72 | $71.42 | $63.74 | $64.93 | $59.14 | $64.81 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Brent Oil ($/BBL) | $81.83 | $84.95 | $78.41 | $73.97 | $79.79 | $74.89 | $66.59 | $68.14 | $63.09 | $68.18 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NYMEX Natural Gas ($/MCF) | $2.35 | $1.99 | $2.37 | $2.66 | $2.34 | $3.62 | $3.68 | $3.28 | $3.61 | $3.55 |
| **Percentage of Index Prices** |  |  |  |  |  |  |  |  |  |  |
| Worldwide Oil as a percentage of WTI | 99% | 99% | 100% | 99% | 99% | 100% | 100% | 100% | 100% | 100% |
| Worldwide Oil as a percentage of Brent | 93% | 94% | 96% | 94% | 94% | 95% | 96% | 95% | 94% | 95% |
| Worldwide NGL as a percentage of WTI | 29% | 26% | 27% | 31% | 28% | 36% | 32% | 30% | 28% | 32% |
| Worldwide NGL as a percentage of Brent | 27% | 25% | 26% | 29% | 27% | 35% | 31% | 29% | 26% | 30% |
| Domestic Natural Gas as a percentage of NYMEX | 68% | 27% | 17% | 47% | 40% | 67% | 36% | 45% | 31% | 45% |

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------

**SCHEDULE 10**

**Occidental Petroleum Corporation** 

**Oil & Gas Metrics**

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | **2024** | **2024** | **2024** | **2024** | **2024** | **2025** | **2025** | **2025** | **2025** | **2025** |
| | **Qtr 1** | **Qtr 2** | **Qtr 3** | **Qtr 4** | **TY** | **Qtr 1** | **Qtr 2** | **Qtr 3** | **Qtr 4** | **TY** |
| **Lease operating expenses ($/BOE)** |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;United States | $10.31 | $9.85 | $8.68 | $8.15 | $9.15 | $9.05 | $8.55 | $8.11 | $7.77 | $8.35 |
| &nbsp;&nbsp;&nbsp;International | $13.10 | $12.23 | $12.55 | $12.66 | $12.64 | $13.20 | $10.82 | $11.65 | $12.26 | $11.97 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Oil and Gas | $10.86 | $10.28 | $9.30 | $8.85 | $9.75 | $9.72 | $8.93 | $8.69 | $8.48 | $8.94 |
| **Transportation costs ($/BOE)** |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;United States | $3.89 | $4.12 | $3.54 | $3.66 | $3.78 | $3.73 | $3.65 | $3.49 | $3.44 | $3.58 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Oil and Gas | $3.25 | $3.49 | $3.09 | $3.23 | $3.26 | $3.25 | $3.17 | $3.03 | $3.01 | $3.11 |
| **Taxes other than on income ($/BOE)** |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;United States | $2.64 | $2.74 | $2.26 | $2.40 | $2.50 | $2.42 | $2.43 | $2.12 | $2.09 | $2.26 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Oil and Gas | $2.17 | $2.30 | $1.95 | $2.06 | $2.11 | $2.07 | $2.07 | $1.80 | $1.79 | $1.93 |
| **DD&A expense ($/BOE)** |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;United States | $15.91 | $15.42 | $14.63 | $14.46 | $15.04 | $15.06 | $14.98 | $15.08 | $15.05 | $15.05 |
| &nbsp;&nbsp;&nbsp;International | $6.23 | $6.04 | $6.05 | $6.30 | $6.16 | $5.93 | $6.10 | $6.27 | $5.98 | $6.07 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Oil and Gas | $14.00 | $13.72 | $13.27 | $13.18 | $13.51 | $13.59 | $13.52 | $13.63 | $13.62 | $13.59 |
| **G&A and other operating expenses ($/BOE)** | $3.34 | $2.86 | $2.43 | $2.64 | $2.79 | $2.61 | $3.58 | $2.56 | $2.80 | $2.88 |
| **Exploration Expense ($ millions)** |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;United States | $36 | $36 | $19 | $28 | $119 | $18 | $62 | $39 | $18 | $137 |
| &nbsp;&nbsp;&nbsp;International | 30 | 47 | 38 | 41 | 156 | 37 | 21 | 27 | 27 | 112 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Exploration Expense | $66 | $83 | $57 | $69 | $275 | $55 | $83 | $66 | $45 | $249 |
| **Capital Expenditures ($ millions)** |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Permian | $(725) | $(621) | $(660) | $(722) | $(2728) | $(900) | $(907) | $(812) | $(748) | $(3367) |
| &nbsp;&nbsp;&nbsp;Rockies & Other Domestic | (210) | (205) | (217) | (156) | (788) | (236) | (206) | (169) | (207) | (818) |
| &nbsp;&nbsp;&nbsp;Gulf of America | (249) | (175) | (148) | (151) | (723) | (220) | (189) | (89) | (18) | (516) |
| &nbsp;&nbsp;&nbsp;International | (142) | (124) | (125) | (134) | (525) | (111) | (125) | (125) | (144) | (505) |
| &nbsp;&nbsp;&nbsp;Exploration Drilling | (146) | (224) | (118) | (68) | (556) | (79) | (90) | (104) | (136) | (409) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Oil and Gas | $(1472) | $(1349) | $(1268) | $(1231) | $(5320) | $(1546) | $(1517) | $(1299) | $(1253) | $(5615) |

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------

**SCHEDULE 11**

**Occidental Petroleum Corporation** 

**Reserves Replacement and Multi-Year Data - Worldwide**

---

| | | | |
|:---|:---|:---|:---|
| **WORLDWIDE** |  | **2025** | **3-Year Avg** |
| **Reserves Replacement (MMBOE)** |  |  |  |
| &nbsp;&nbsp;&nbsp;Revisions |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Infill |  | 115 | 177 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Price and other revisions | (A) | 46 | 69 |
| &nbsp;&nbsp;&nbsp;Improved Recovery |  | 60 | 43 |
| &nbsp;&nbsp;&nbsp;Extensions and Discoveries |  | 340 | 273 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total Organic | (B) | 561 | 562 |
| &nbsp;&nbsp;&nbsp;&nbsp;Organic Excluding Price and Other Revisions | (C)=(B)-(A) | 515 | 493 |
| &nbsp;&nbsp;&nbsp;Purchases |  | 10 | 221 |
| &nbsp;&nbsp;&nbsp;Sales | (D) | (57) | (36) |
| Total Reserve Additions | (E) | 514 | 747 |
| Production | (F) | 523 | 485 |
| **Costs Incurred ($ millions)** |  |  |  |
| &nbsp;&nbsp;&nbsp;Property acquisition costs | (G) | $443 | $4378 |
| &nbsp;&nbsp;&nbsp;Exploration costs |  | 548 | 722 |
| &nbsp;&nbsp;&nbsp;Development costs |  | 5586 | 5057 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total Organic Costs | (H) | 6134 | 5779 |
| **Total Costs Incurred** | (I)=(G)+(H) | $6577 | $10157 |
| **Finding & Development Costs per BOE ($/BOE) - Non-GAAP** |  |  |  |
| &nbsp;&nbsp;&nbsp;Organic | (H)/(B) | $10.93 | $10.28 |
| &nbsp;&nbsp;&nbsp;Program Additions | (H)/(C) | $11.91 | $11.72 |
| &nbsp;&nbsp;&nbsp;All-In | (I)/[(E)-(D)] | $11.52 | $12.97 |
| **Reserves Replacement Ratio - Non-GAAP** |  |  |  |
| &nbsp;&nbsp;&nbsp;Organic | (B)/(F) | 107% | 116% |
| &nbsp;&nbsp;&nbsp;Program Additions | (C)/(F) | 98% | 102% |
| &nbsp;&nbsp;&nbsp;All-In | (E)/(F) | 98% | 154% |
| <u>Non-GAAP Measures</u> |  |  |  |
| Finding and development costs (F&D Costs) and reserves replacement ratio are non-GAAP measures that Occidental | Finding and development costs (F&D Costs) and reserves replacement ratio are non-GAAP measures that Occidental | Finding and development costs (F&D Costs) and reserves replacement ratio are non-GAAP measures that Occidental | Finding and development costs (F&D Costs) and reserves replacement ratio are non-GAAP measures that Occidental |
| believes are widely used in our industry, as well as by analysts and investors, to measure and evaluate the cost | believes are widely used in our industry, as well as by analysts and investors, to measure and evaluate the cost | believes are widely used in our industry, as well as by analysts and investors, to measure and evaluate the cost | believes are widely used in our industry, as well as by analysts and investors, to measure and evaluate the cost |
| of replacing annual production and adding proved reserves. Occidental's definitions of these non-GAAP measures | of replacing annual production and adding proved reserves. Occidental's definitions of these non-GAAP measures | of replacing annual production and adding proved reserves. Occidental's definitions of these non-GAAP measures | of replacing annual production and adding proved reserves. Occidental's definitions of these non-GAAP measures |
| may differ from similarly titled measures provided by other companies and as a result may not be comparable. | may differ from similarly titled measures provided by other companies and as a result may not be comparable. | may differ from similarly titled measures provided by other companies and as a result may not be comparable. | may differ from similarly titled measures provided by other companies and as a result may not be comparable. |
| All-In F&D Costs is calculated by dividing total costs incurred for the year as defined by GAAP by the sum of | All-In F&D Costs is calculated by dividing total costs incurred for the year as defined by GAAP by the sum of | All-In F&D Costs is calculated by dividing total costs incurred for the year as defined by GAAP by the sum of | All-In F&D Costs is calculated by dividing total costs incurred for the year as defined by GAAP by the sum of |
| proved reserves revisions, improved recovery, extensions and discoveries and purchases of minerals in place for | proved reserves revisions, improved recovery, extensions and discoveries and purchases of minerals in place for | proved reserves revisions, improved recovery, extensions and discoveries and purchases of minerals in place for | proved reserves revisions, improved recovery, extensions and discoveries and purchases of minerals in place for |
| the year. Organic F&D Costs excludes from All-In F&D Costs both the property acquisition costs and purchases | the year. Organic F&D Costs excludes from All-In F&D Costs both the property acquisition costs and purchases | the year. Organic F&D Costs excludes from All-In F&D Costs both the property acquisition costs and purchases | the year. Organic F&D Costs excludes from All-In F&D Costs both the property acquisition costs and purchases |
| of minerals in place, and Program Additions F&D Costs further excludes price and other revisions that are not infills. | of minerals in place, and Program Additions F&D Costs further excludes price and other revisions that are not infills. | of minerals in place, and Program Additions F&D Costs further excludes price and other revisions that are not infills. | of minerals in place, and Program Additions F&D Costs further excludes price and other revisions that are not infills. |
| All-In Reserves Replacement Ratio is calculated by dividing the sum of proved reserves revisions, improved recovery, extensions | All-In Reserves Replacement Ratio is calculated by dividing the sum of proved reserves revisions, improved recovery, extensions | All-In Reserves Replacement Ratio is calculated by dividing the sum of proved reserves revisions, improved recovery, extensions | All-In Reserves Replacement Ratio is calculated by dividing the sum of proved reserves revisions, improved recovery, extensions |
| and discoveries and purchases and sales of minerals in place for the year by current year production. Organic Reserves | and discoveries and purchases and sales of minerals in place for the year by current year production. Organic Reserves | and discoveries and purchases and sales of minerals in place for the year by current year production. Organic Reserves | and discoveries and purchases and sales of minerals in place for the year by current year production. Organic Reserves |
| Replacement Ratio excludes from All-In Reserves Replacement Ratio purchases and sales of minerals in place for | Replacement Ratio excludes from All-In Reserves Replacement Ratio purchases and sales of minerals in place for | Replacement Ratio excludes from All-In Reserves Replacement Ratio purchases and sales of minerals in place for | Replacement Ratio excludes from All-In Reserves Replacement Ratio purchases and sales of minerals in place for |
| the year. Program Additions Reserves Replacement Ratio further excludes price and other revisions that are not infills. | the year. Program Additions Reserves Replacement Ratio further excludes price and other revisions that are not infills. | the year. Program Additions Reserves Replacement Ratio further excludes price and other revisions that are not infills. | the year. Program Additions Reserves Replacement Ratio further excludes price and other revisions that are not infills. |

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**SCHEDULE 12**

**Occidental Petroleum Corporation** 

**Reserves Replacement and Multi-Year Data - United States Only**

---

| | | | |
|:---|:---|:---|:---|
| **UNITED STATES** |  | **2025** | **3-Year Avg** |
| **Reserves Replacement (MMBOE)** |  |  |  |
| &nbsp;&nbsp;&nbsp;Revisions |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Infill |  | 114 | 165 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Price and other revisions | (A) | (25) | 20 |
| &nbsp;&nbsp;&nbsp;Improved Recovery |  | 53 | 34 |
| &nbsp;&nbsp;&nbsp;Extensions and Discoveries |  | 340 | 270 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total Organic | (B) | 482 | 489 |
| &nbsp;&nbsp;&nbsp;&nbsp;Organic Excluding Price and Other Revisions | (C)=(B)-(A) | 507 | 469 |
| &nbsp;&nbsp;&nbsp;Purchases |  | 10 | 221 |
| &nbsp;&nbsp;&nbsp;Sales | (D) | (57) | (36) |
| Total Reserve Additions | (E) | 435 | 674 |
| Production | (F) | 438 | 402 |
| **Costs Incurred ($ millions)** |  |  |  |
| &nbsp;&nbsp;&nbsp;Property acquisition costs | (G) | $442 | $4280 |
| &nbsp;&nbsp;&nbsp;Exploration costs |  | 399 | 562 |
| &nbsp;&nbsp;&nbsp;Development costs |  | 5074 | 4538 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total Organic Costs | (H) | 5473 | 5100 |
| **Total Costs Incurred** | (I)=(G)+(H) | $5915 | $9380 |
| **Finding & Development Costs per BOE ($/BOE) - Non-GAAP** |  |  |  |
| &nbsp;&nbsp;&nbsp;Organic | (H)/(B) | $11.35 | $10.43 |
| &nbsp;&nbsp;&nbsp;Program Additions | (H)/(C) | $10.79 | $10.87 |
| &nbsp;&nbsp;&nbsp;All-In | (I)/[(E)-(D)] | $12.02 | $13.21 |
| **Reserves Replacement Ratio - Non-GAAP** |  |  |  |
| &nbsp;&nbsp;&nbsp;Organic | (B)/(F) | 110% | 122% |
| &nbsp;&nbsp;&nbsp;Program Additions | (C)/(F) | 116% | 117% |
| &nbsp;&nbsp;&nbsp;All-In | (E)/(F) | 99% | 168% |
| <u>Non-GAAP Measures</u> |  |  |  |
| Finding and development costs (F&D Costs) and reserves replacement ratio are non-GAAP measures that Occidental | Finding and development costs (F&D Costs) and reserves replacement ratio are non-GAAP measures that Occidental | Finding and development costs (F&D Costs) and reserves replacement ratio are non-GAAP measures that Occidental | Finding and development costs (F&D Costs) and reserves replacement ratio are non-GAAP measures that Occidental |
| believes are widely used in our industry, as well as by analysts and investors, to measure and evaluate the cost | believes are widely used in our industry, as well as by analysts and investors, to measure and evaluate the cost | believes are widely used in our industry, as well as by analysts and investors, to measure and evaluate the cost | believes are widely used in our industry, as well as by analysts and investors, to measure and evaluate the cost |
| of replacing annual production and adding proved reserves. Occidental's definitions of these non-GAAP measures | of replacing annual production and adding proved reserves. Occidental's definitions of these non-GAAP measures | of replacing annual production and adding proved reserves. Occidental's definitions of these non-GAAP measures | of replacing annual production and adding proved reserves. Occidental's definitions of these non-GAAP measures |
| may differ from similarly titled measures provided by other companies and as a result may not be comparable. | may differ from similarly titled measures provided by other companies and as a result may not be comparable. | may differ from similarly titled measures provided by other companies and as a result may not be comparable. | may differ from similarly titled measures provided by other companies and as a result may not be comparable. |
| All-In F&D Costs is calculated by dividing total costs incurred for the year as defined by GAAP by the sum of | All-In F&D Costs is calculated by dividing total costs incurred for the year as defined by GAAP by the sum of | All-In F&D Costs is calculated by dividing total costs incurred for the year as defined by GAAP by the sum of | All-In F&D Costs is calculated by dividing total costs incurred for the year as defined by GAAP by the sum of |
| proved reserves revisions, improved recovery, extensions and discoveries and purchases of minerals in place for | proved reserves revisions, improved recovery, extensions and discoveries and purchases of minerals in place for | proved reserves revisions, improved recovery, extensions and discoveries and purchases of minerals in place for | proved reserves revisions, improved recovery, extensions and discoveries and purchases of minerals in place for |
| the year. Organic F&D Costs excludes from All-In F&D Costs both the property acquisition costs and purchases | the year. Organic F&D Costs excludes from All-In F&D Costs both the property acquisition costs and purchases | the year. Organic F&D Costs excludes from All-In F&D Costs both the property acquisition costs and purchases | the year. Organic F&D Costs excludes from All-In F&D Costs both the property acquisition costs and purchases |
| of minerals in place, and Program Additions F&D Costs further excludes price and other revisions that are not infills. | of minerals in place, and Program Additions F&D Costs further excludes price and other revisions that are not infills. | of minerals in place, and Program Additions F&D Costs further excludes price and other revisions that are not infills. | of minerals in place, and Program Additions F&D Costs further excludes price and other revisions that are not infills. |
| All-In Reserves Replacement Ratio is calculated by dividing the sum of proved reserves revisions, improved recovery, extensions | All-In Reserves Replacement Ratio is calculated by dividing the sum of proved reserves revisions, improved recovery, extensions | All-In Reserves Replacement Ratio is calculated by dividing the sum of proved reserves revisions, improved recovery, extensions | All-In Reserves Replacement Ratio is calculated by dividing the sum of proved reserves revisions, improved recovery, extensions |
| and discoveries and purchases and sales of minerals in place for the year by current year production. Organic Reserves | and discoveries and purchases and sales of minerals in place for the year by current year production. Organic Reserves | and discoveries and purchases and sales of minerals in place for the year by current year production. Organic Reserves | and discoveries and purchases and sales of minerals in place for the year by current year production. Organic Reserves |
| Replacement Ratio excludes from All-In Reserves Replacement Ratio purchases and sales of minerals in place for | Replacement Ratio excludes from All-In Reserves Replacement Ratio purchases and sales of minerals in place for | Replacement Ratio excludes from All-In Reserves Replacement Ratio purchases and sales of minerals in place for | Replacement Ratio excludes from All-In Reserves Replacement Ratio purchases and sales of minerals in place for |
| the year. Program Additions Reserves Replacement Ratio further excludes price and other revisions that are not infills. | the year. Program Additions Reserves Replacement Ratio further excludes price and other revisions that are not infills. | the year. Program Additions Reserves Replacement Ratio further excludes price and other revisions that are not infills. | the year. Program Additions Reserves Replacement Ratio further excludes price and other revisions that are not infills. |

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+

------

**SCHEDULE 13**

**Occidental Petroleum Corporation &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**

**Total Proved Reserves**

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| | | | |
|:---|:---|:---|:---|
|<br>**In millions of barrels of oil equivalent (MMBOE) (a)** | **United**<br>**States** |<br>**International** |<br>**Total** |
| **Proved Developed and Undeveloped Reserves** | | | |
| **Balance at December 31, 2022** | 2972 | 845 | 3817 |
| &nbsp;&nbsp;&nbsp;&nbsp;Revisions of previous estimates | 314 | 92 | 406 |
| &nbsp;&nbsp;&nbsp;&nbsp;Improved recovery | 9 | 14 | 23 |
| &nbsp;&nbsp;&nbsp;&nbsp;Extensions and discoveries | 149 | 4 | 153 |
| &nbsp;&nbsp;&nbsp;&nbsp;Purchases of proved reserves | 31 |  | 31 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sales of proved reserves | (2) |  | (2) |
| &nbsp;&nbsp;&nbsp;&nbsp;Production | (365) | (81) | (446) |
| **Balance at December 31, 2023** | 3108 | 874 | 3982 |
| &nbsp;&nbsp;&nbsp;&nbsp;Revisions of previous estimates | 151 | 19 | 170 |
| &nbsp;&nbsp;&nbsp;&nbsp;Improved recovery | 40 | 7 | 47 |
| &nbsp;&nbsp;&nbsp;&nbsp;Extensions and discoveries | 321 | 5 | 326 |
| &nbsp;&nbsp;&nbsp;&nbsp;Purchases of proved reserves | 623 |  | 623 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sales of proved reserves | (50) |  | (50) |
| &nbsp;&nbsp;&nbsp;&nbsp;Production | (402) | (84) | (486) |
| **Balance at December 31, 2024** | 3791 | 821 | 4612 |
| &nbsp;&nbsp;&nbsp;&nbsp;Revisions of previous estimates | **89** | **72** | **161** |
| &nbsp;&nbsp;&nbsp;&nbsp;Improved recovery | **53** | **7** | **60** |
| &nbsp;&nbsp;&nbsp;&nbsp;Extensions and discoveries | **340** | **—** | **340** |
| &nbsp;&nbsp;&nbsp;&nbsp;Purchases of proved reserves | **10** | **—** | **10** |
| &nbsp;&nbsp;&nbsp;&nbsp;Sales of proved reserves | **(57)** | **—** | **(57)** |
| &nbsp;&nbsp;&nbsp;&nbsp;Production | **(438)** | **(85)** | **(523)** |
| **Balance at December 31, 2025** | **3788** | **815** | **4603** |
| **Proved Developed Reserves** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;December 31, 2022 | 2112 | 586 | 2698 |
| &nbsp;&nbsp;&nbsp;&nbsp;December 31, 2023 | 2117 | 633 | 2750 |
| &nbsp;&nbsp;&nbsp;&nbsp;December 31, 2024 | 2546 | 645 | 3191 |
| &nbsp;&nbsp;&nbsp;&nbsp;**December 31, 2025** | **2651** | **643** | **3294** |
| **Proved Undeveloped Reserves** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;December 31, 2022 | 860 | 259 | 1119 |
| &nbsp;&nbsp;&nbsp;&nbsp;December 31, 2023 | 991 | 241 | 1232 |
| &nbsp;&nbsp;&nbsp;&nbsp;December 31, 2024 | 1245 | 176 | 1421 |
| &nbsp;&nbsp;&nbsp;&nbsp;**December 31, 2025** | **1137** | **172** | **1309** |
| (a) Natural gas volumes have been converted to barrels of oil equivalent (BOE) based on energy content of six thousand cubic feet (Mcf) of gas to one barrel of oil. | (a) Natural gas volumes have been converted to barrels of oil equivalent (BOE) based on energy content of six thousand cubic feet (Mcf) of gas to one barrel of oil. | (a) Natural gas volumes have been converted to barrels of oil equivalent (BOE) based on energy content of six thousand cubic feet (Mcf) of gas to one barrel of oil. | (a) Natural gas volumes have been converted to barrels of oil equivalent (BOE) based on energy content of six thousand cubic feet (Mcf) of gas to one barrel of oil. |

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**SCHEDULE 14**

**Occidental Petroleum Corporation** 

**Proved Oil Reserves**

---

| | | | |
|:---|:---|:---|:---|
|<br>**In millions of barrels (MMbbl)** | **United**<br>**States** |<br>**International** |<br>**Total** |
| **Proved Developed and Undeveloped Reserves** | | | |
| **Balance at December 31, 2022** | 1639 | 274 | 1913 |
| &nbsp;&nbsp;&nbsp;&nbsp;Revisions of previous estimates | 77 | 91 | 168 |
| &nbsp;&nbsp;&nbsp;&nbsp;Improved recovery | 7 | 11 | 18 |
| &nbsp;&nbsp;&nbsp;&nbsp;Extensions and discoveries | 59 | 3 | 62 |
| &nbsp;&nbsp;&nbsp;&nbsp;Purchases of proved reserves | 14 |  | 14 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sales of proved reserves | (1) |  | (1) |
| &nbsp;&nbsp;&nbsp;&nbsp;Production | (195) | (39) | (234) |
| **Balance at December 31, 2023** | 1600 | 340 | 1940 |
| &nbsp;&nbsp;&nbsp;&nbsp;Revisions of previous estimates | 47 | (7) | 40 |
| &nbsp;&nbsp;&nbsp;&nbsp;Improved recovery | 38 | 6 | 44 |
| &nbsp;&nbsp;&nbsp;&nbsp;Extensions and discoveries | 132 | 2 | 134 |
| &nbsp;&nbsp;&nbsp;&nbsp;Purchases of proved reserves | 254 |  | 254 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sales of proved reserves | (30) |  | (30) |
| &nbsp;&nbsp;&nbsp;&nbsp;Production | (209) | (38) | (247) |
| **Balance at December 31, 2024** | 1832 | 303 | 2135 |
| &nbsp;&nbsp;&nbsp;&nbsp;Revisions of previous estimates | **36** | **69** | **105** |
| &nbsp;&nbsp;&nbsp;&nbsp;Improved recovery | **49** | **6** | **55** |
| &nbsp;&nbsp;&nbsp;&nbsp;Extensions and discoveries | **149** | **—** | **149** |
| &nbsp;&nbsp;&nbsp;&nbsp;Purchases of proved reserves | **4** | **—** | **4** |
| &nbsp;&nbsp;&nbsp;&nbsp;Sales of proved reserves | **(20)** | **—** | **(20)** |
| &nbsp;&nbsp;&nbsp;&nbsp;Production | **(226)** | **(40)** | **(266)** |
| **Balance at December 31, 2025** | **1824** | **338** | **2162** |
| **Proved Developed Reserves** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;December 31, 2022 | 1208 | 200 | 1408 |
| &nbsp;&nbsp;&nbsp;&nbsp;December 31, 2023 | 1140 | 258 | 1398 |
| &nbsp;&nbsp;&nbsp;&nbsp;December 31, 2024 | 1243 | 249 | 1492 |
| &nbsp;&nbsp;&nbsp;&nbsp;**December 31, 2025** | **1258** | **279** | **1537** |
| **Proved Undeveloped Reserves** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;December 31, 2022 | 431 | 74 | 505 |
| &nbsp;&nbsp;&nbsp;&nbsp;December 31, 2023 | 460 | 82 | 542 |
| &nbsp;&nbsp;&nbsp;&nbsp;December 31, 2024 | 589 | 54 | 643 |
| &nbsp;&nbsp;&nbsp;&nbsp;**December 31, 2025** | **566** | **59** | **625** |

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**SCHEDULE 15**

**Occidental Petroleum Corporation** 

**Proved NGL Reserves**

---

| | | | |
|:---|:---|:---|:---|
|<br>**In millions of barrels (MMbbl)** | **United**<br>**States** |<br>**International** |<br>**Total** |
| **Proved Developed and Undeveloped Reserves** | | | |
| **Balance at December 31, 2022** | 654 | 192 | 846 |
| &nbsp;&nbsp;&nbsp;&nbsp;Revisions of previous estimates | 183 | 2 | 185 |
| &nbsp;&nbsp;&nbsp;&nbsp;Improved recovery | 2 |  | 2 |
| &nbsp;&nbsp;&nbsp;&nbsp;Extensions and discoveries | 45 |  | 45 |
| &nbsp;&nbsp;&nbsp;&nbsp;Purchases of proved reserves | 9 |  | 9 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sales of proved reserves | (1) |  | (1) |
| &nbsp;&nbsp;&nbsp;&nbsp;Production | (90) | (13) | (103) |
| **Balance at December 31, 2023** | 802 | 181 | 983 |
| &nbsp;&nbsp;&nbsp;&nbsp;Revisions of previous estimates | 68 | 9 | 77 |
| &nbsp;&nbsp;&nbsp;&nbsp;Improved recovery | 2 |  | 2 |
| &nbsp;&nbsp;&nbsp;&nbsp;Extensions and discoveries | 100 |  | 100 |
| &nbsp;&nbsp;&nbsp;&nbsp;Purchases of proved reserves | 200 |  | 200 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sales of proved reserves | (10) |  | (10) |
| &nbsp;&nbsp;&nbsp;&nbsp;Production | (102) | (14) | (116) |
| **Balance at December 31, 2024** | 1060 | 176 | 1236 |
| &nbsp;&nbsp;&nbsp;&nbsp;Revisions of previous estimates | **(53)** | **(2)** | **(55)** |
| &nbsp;&nbsp;&nbsp;&nbsp;Improved recovery | **3** | **—** | **3** |
| &nbsp;&nbsp;&nbsp;&nbsp;Extensions and discoveries | **100** | **—** | **100** |
| &nbsp;&nbsp;&nbsp;&nbsp;Purchases of proved reserves | **3** | **—** | **3** |
| &nbsp;&nbsp;&nbsp;&nbsp;Sales of proved reserves | **(18)** | **—** | **(18)** |
| &nbsp;&nbsp;&nbsp;&nbsp;Production | **(105)** | **(14)** | **(119)** |
| **Balance at December 31, 2025** | **990** | **160** | **1150** |
| **Proved Developed Reserves** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;December 31, 2022 | 444 | 120 | 564 |
| &nbsp;&nbsp;&nbsp;&nbsp;December 31, 2023 | 515 | 124 | 639 |
| &nbsp;&nbsp;&nbsp;&nbsp;December 31, 2024 | 709 | 130 | 839 |
| &nbsp;&nbsp;&nbsp;&nbsp;**December 31, 2025** | **698** | **119** | **817** |
| **Proved Undeveloped Reserves** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;December 31, 2022 | 210 | 72 | 282 |
| &nbsp;&nbsp;&nbsp;&nbsp;December 31, 2023 | 287 | 57 | 344 |
| &nbsp;&nbsp;&nbsp;&nbsp;December 31, 2024 | 351 | 46 | 397 |
| &nbsp;&nbsp;&nbsp;&nbsp;**December 31, 2025** | **292** | **41** | **333** |

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**SCHEDULE 16**

**Occidental Petroleum Corporation** 

**Proved Natural Gas Reserves**

---

| | | | |
|:---|:---|:---|:---|
|<br>**In billions of cubic feet (Bcf)** | **United**<br>**States** |<br>**International** |<br>**Total** |
| **Proved Developed and Undeveloped Reserves** | | | |
| **Balance at December 31, 2022** | 4073 | 2277 | 6350 |
| &nbsp;&nbsp;&nbsp;&nbsp;Revisions of previous estimates | 325 | (6) | 319 |
| &nbsp;&nbsp;&nbsp;&nbsp;Improved recovery | 1 | 17 | 18 |
| &nbsp;&nbsp;&nbsp;&nbsp;Extensions and discoveries | 268 | 5 | 273 |
| &nbsp;&nbsp;&nbsp;&nbsp;Purchases of proved reserves | 50 |  | 50 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sales of proved reserves | (2) |  | (2) |
| &nbsp;&nbsp;&nbsp;&nbsp;Production | (480) | (176) | (656) |
| **Balance at December 31, 2023** | 4235 | 2117 | 6352 |
| &nbsp;&nbsp;&nbsp;&nbsp;Revisions of previous estimates | 215 | 100 | 315 |
| &nbsp;&nbsp;&nbsp;&nbsp;Improved recovery | 2 | 6 | 8 |
| &nbsp;&nbsp;&nbsp;&nbsp;Extensions and discoveries | 532 | 17 | 549 |
| &nbsp;&nbsp;&nbsp;&nbsp;Purchases of proved reserves | 1016 |  | 1016 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sales of proved reserves | (58) |  | (58) |
| &nbsp;&nbsp;&nbsp;&nbsp;Production | (548) | (191) | (739) |
| **Balance at December 31, 2024** | 5394 | 2049 | 7443 |
| &nbsp;&nbsp;&nbsp;&nbsp;Revisions of previous estimates | **636** | **32** | **668** |
| &nbsp;&nbsp;&nbsp;&nbsp;Improved recovery | **6** | **8** | **14** |
| &nbsp;&nbsp;&nbsp;&nbsp;Extensions and discoveries | **543** | **—** | **543** |
| &nbsp;&nbsp;&nbsp;&nbsp;Purchases of proved reserves | **19** | **—** | **19** |
| &nbsp;&nbsp;&nbsp;&nbsp;Sales of proved reserves | **(113)** | **—** | **(113)** |
| &nbsp;&nbsp;&nbsp;&nbsp;Production | **(643)** | **(186)** | **(829)** |
| **Balance at December 31, 2025** | **5842** | **1903** | **7745** |
| **Proved Developed Reserves** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;December 31, 2022 | 2761 | 1597 | 4358 |
| &nbsp;&nbsp;&nbsp;&nbsp;December 31, 2023 | 2770 | 1507 | 4277 |
| &nbsp;&nbsp;&nbsp;&nbsp;December 31, 2024 | 3564 | 1593 | 5157 |
| &nbsp;&nbsp;&nbsp;&nbsp;**December 31, 2025** | **4168** | **1469** | **5637** |
| **Proved Undeveloped Reserves** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;December 31, 2022 | 1312 | 680 | 1992 |
| &nbsp;&nbsp;&nbsp;&nbsp;December 31, 2023 | 1465 | 610 | 2075 |
| &nbsp;&nbsp;&nbsp;&nbsp;December 31, 2024 | 1830 | 456 | 2286 |
| &nbsp;&nbsp;&nbsp;&nbsp;**December 31, 2025** | **1674** | **434** | **2108** |

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**SCHEDULE 17**

**Occidental Petroleum Corporation** 

**Costs Incurred**

---

| | | | |
|:---|:---|:---|:---|
|<br>Amounts in millions | **United**<br>**States** |<br>**International** |<br>**Total** |
| **FOR THE YEAR ENDED DECEMBER 31, 2025** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Property acquisition costs <sup>(a)</sup>  | $**442** | $**1** | $**443** |
| &nbsp;&nbsp;&nbsp;&nbsp;Exploration costs | **399** | **149** | **548** |
| &nbsp;&nbsp;&nbsp;&nbsp;Development costs | **5074** | **512** | **5586** |
| **Costs Incurred** | $**5915** | $**662** | $**6577** |
| **FOR THE YEAR ENDED DECEMBER 31, 2024** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Property acquisition costs <sup>(a)</sup>  | $12141 | $8 | $12149 |
| &nbsp;&nbsp;&nbsp;&nbsp;Exploration costs | 544 | 180 | 724 |
| &nbsp;&nbsp;&nbsp;&nbsp;Development costs | 4584 | 500 | 5084 |
| Costs Incurred | $17269 | $688 | $17957 |
| **FOR THE YEAR ENDED DECEMBER 31, 2023** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Property acquisition costs <sup>(a)</sup>  | $255 | $288 | $543 |
| &nbsp;&nbsp;&nbsp;&nbsp;Exploration costs | 743 | 150 | 893 |
| &nbsp;&nbsp;&nbsp;&nbsp;Development costs | 3957 | 543 | 4500 |
| Costs Incurred | $4955 | $981 | $5936 |
| <sup>(a)</sup> Included approximately $290 million, $30 million and $120 million related to non-monetary exchanges for the years ended December 31, 2025, 2024 and 2023, respectively. | <sup>(a)</sup> Included approximately $290 million, $30 million and $120 million related to non-monetary exchanges for the years ended December 31, 2025, 2024 and 2023, respectively. | <sup>(a)</sup> Included approximately $290 million, $30 million and $120 million related to non-monetary exchanges for the years ended December 31, 2025, 2024 and 2023, respectively. | <sup>(a)</sup> Included approximately $290 million, $30 million and $120 million related to non-monetary exchanges for the years ended December 31, 2025, 2024 and 2023, respectively. |

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