Attached files
| file | filename |
|---|---|
| EX-32.1 - EXHIBIT 32.1 - OCCIDENTAL PETROLEUM CORP /DE/ | oxyexhibit32110q33118.htm |
| EX-31.2 - EXHIBIT 31.2 - OCCIDENTAL PETROLEUM CORP /DE/ | oxyexhibit31210q33118.htm |
| EX-31.1 - EXHIBIT 31.1 - OCCIDENTAL PETROLEUM CORP /DE/ | oxyexhibit31110q33118.htm |
| EX-10.3 - EXHIBIT 10.3 - OCCIDENTAL PETROLEUM CORP /DE/ | oxyex103q12018roce.htm |
| EX-10.2 - EXHIBIT 10.2 - OCCIDENTAL PETROLEUM CORP /DE/ | oxyex102q12018rsu.htm |
| EX-10.1 - EXHIBIT 10.1 - OCCIDENTAL PETROLEUM CORP /DE/ | oxyex101q12018tsr.htm |
| 10-Q - 10-Q - OCCIDENTAL PETROLEUM CORP /DE/ | oxyform10q33118.htm |
EXHIBIT 12 | |
OCCIDENTAL PETROLEUM CORPORATION AND SUBSIDIARIES
COMPUTATION OF TOTAL ENTERPRISE RATIOS OF EARNINGS TO FIXED CHARGES
(Amounts in millions, except ratios)
Three months ended March 31, | Year Ended December 31 | ||||||||||||||||||||||||||||
2018 | 2017 | 2017 | 2016 | 2015 | 2014 | 2013 | |||||||||||||||||||||||
Income from continuing operations | $ | 708 | $ | 117 | $ | 1,311 | $ | (1,002 | ) | $ | (8,146 | ) | $ | (130 | ) | $ | 4,932 | ||||||||||||
Add/(Subtract): | |||||||||||||||||||||||||||||
Net income attributable to noncontrolling interest | — | — | — | — | — | (14 | ) | — | |||||||||||||||||||||
Adjusted income from equity investments (a) | 6 | 9 | (60 | ) | 43 | 21 | 64 | 52 | |||||||||||||||||||||
714 | 126 | 1,251 | (959 | ) | (8,125 | ) | (80 | ) | 4,984 | ||||||||||||||||||||
Add: | |||||||||||||||||||||||||||||
Provision for taxes on income (other than foreign oil and gas taxes) | 113 | (90 | ) | (776 | ) | (1,281 | ) | (2,070 | ) | (280 | ) | 1,353 | |||||||||||||||||
Interest and debt expense | 97 | 81 | 345 | 292 | 147 | 77 | 132 | ||||||||||||||||||||||
Portion of lease rentals representative of the interest factor | 35 | 31 | 93 | 79 | 63 | 52 | 60 | ||||||||||||||||||||||
245 | 22 | (338 | ) | (910 | ) | (1,860 | ) | (151 | ) | 1,545 | |||||||||||||||||||
Earnings before fixed charges | $ | 959 | $ | 148 | $ | 913 | $ | (1,869 | ) | $ | (9,985 | ) | $ | (231 | ) | $ | 6,529 | ||||||||||||
Fixed charges: | |||||||||||||||||||||||||||||
Interest and debt expense including capitalized interest | $ | 106 | $ | 98 | $ | 397 | $ | 356 | $ | 285 | $ | 257 | $ | 269 | |||||||||||||||
Portion of lease rentals representative of the interest factor | 35 | 31 | 93 | 79 | 63 | 52 | 60 | ||||||||||||||||||||||
Total fixed charges | $ | 141 | $ | 129 | $ | 490 | $ | 435 | $ | 348 | $ | 309 | $ | 329 | |||||||||||||||
Ratio of earnings to fixed charges | 6.78 | 1.15 | 1.86 | (4.30 | ) | (28.69 | ) | (0.75 | ) | 19.83 | |||||||||||||||||||
Insufficient coverage | — | — | — | (2,304 | ) | (10,333 | ) | (540 | ) | — | |||||||||||||||||||
Note: Results of California Resources Corporation have been reflected as discontinued operations for all periods presented. | ||
(a) | Represents adjustments to arrive at distributed income from equity investees. | |