Company Profile For Occidental Petroleum Corporation

Occidental Petroleum Corporation (Occidental) conducts its operations, through various oil and gas, chemical, midstream, marketing and other subsidiaries, and affiliates. The Company operates in three business segments: oil and gas segment, chemical segment, and midstream, marketing and other segment. The oil and gas segment explores for, develops, produces and markets crude oil, natural gas liquids (NGLs), condensate and natural gas. The chemical segment (OxyChem) manufactures and markets basic chemicals, vinyls and performance chemicals. The midstream, marketing and other segment (midstream and marketing) gathers, treats, processes, transports, stores, trades and markets crude oil, natural gas, NGLs, condensate and carbon dioxide (CO2) and generates and markets power. In February 2008, Occidental purchased from Plains a 50% interest in oil and gas properties in the Permian Basin and western Colorado.

BRIEF: For the nine months ended 30 September 2009, Occidental Petroleum Corporation's revenues decreased 46% to $10.95B. Net income from continuing operations decreased 69% to $1.97B. Revenues reflect a decrease in the sales from Oil & Gas segment, lower income from Midstream, Marketing & Other segment and a decrease from Chemical segment. Net income also reflects an increase in interest and debt expense, net.

Occidental Petroleum Corporation
10889 Wilshire Boulevard
Los Angeles   CA   90024
P: +1310.2088800
F: +1310.4436690

10400