Occidental Petroleum Corporation http://www.alacrastore.com/company-snapshot/Occidental_Petroleum_Corporation-1012386 Friday, July 25, 2008 7:42:18 PM 1012386 Occidental Petroleum Corporation en AlacraStore RSS Builder 1.0 30 http://www.alacrastore.com/storecontent/fitch/394460_report_framefitch/394460_report_framepdfFitch Ratings is a leading global rating agency committed to providing the world's credit markets with independent, timely and prospective credit opinions. Built on a foundation of organic growth and strategic acquisitions, Fitch Ratings has grown rapidly during the past decade gaining market presence throughout the world and across all fixed income markets.Apache CorporationDevon Energy CorporationHess CorpMarathon Oil CorporationNoble Drilling (Nederland) B.V.Occidental Petroleum CorporationSunoco Inc.80088967800901008009076280091351800917538009176380092352804171797/25/2008 2:17:00 PM010300000103100001040000275Special ReportAPADVNHESMROOXYSUN394460_report_frameCredit & Investment ResearchFitchResearchhttp://www.alacrastore.com/storecontent/ccbn/T1878962ccbn/T1878962norm...Good morning. I will be your operator. I would like to welcome everyone to the Occidental Petroleum second quarter #### earnings conference call. All lines have been placed on mute to prevent any background noise. After the speakers' remarks, there will be a question-and-answer period. (OPERATOR INSTRUCTIONS) Thank you. It is now my pleasure to turn the floor over to your host, Christopher Stavros. Sir, you may begin your conference. ... 7/24/2008 10:15:00 PMOccidental Petroleum Corporation106.0000FinalQ2 2008 Occidental Petroleum Corporation Earnings Conference Call TranscriptOXY11:30am ETTranscriptT1878962Credit & Investment ResearchThomson Street Eventshttp://www.alacrastore.com/storecontent/ccbn/B1878962ccbn/B1878962norm...OXY reported #H## net income of about $#.#b and diluted EPS of $#.##. #Q## core results were record $#.#b or $#.## per diluted share. www.streetevents.comContact Us ... 7/24/2008 10:14:56 PMOccidental Petroleum Corporation106.0000EditedQ2 2008 Occidental Petroleum Corporation Earnings Conference Call SummaryOXY11:30am ETBriefB1878962Credit & Investment ResearchThomson Street Eventshttp://www.alacrastore.com/storecontent/cs/72166cs/72166norm Earnings Note: Occidental #Q## Results Another Record, Full-Year Capex Boosted ##% Occidental (OXY; A#/A-) reported #Q## recurring earnings of $#.# billion, or $#.##/share, coming in well above consensus estimates of $#.##/share and...1657YesD0Article113corp156033Capital Structure65Earnings Reports - Energy7/24/2008 9:05:51 PM150Occidental (OXY; A3/A-) reported 2Q08 recurring earnings of $2.3 billion, or $2.79/share, coming in well above consensus estimates of $2.68/share and reflecting a 27% QoQ and 136% YoY improvement.7216672166Credit & Investment ResearchCreditSightshttp://www.alacrastore.com/storecontent/newstex/PZM-0001-26893753newstex/PZM-0001-26893753xml LOS ANGELES, Jul. ##, #### (July delivered by Newstex) -- Occidental Petroleum Corporation (NYSE: OXY) announced net income of $#.### billion ($#.## per diluted share) for the second quarter of ####, compared with $#.### billion ($#.##...04000000040020000600000006001000060010020400500004005012040050110401600004016048040160180401600304016001040160130401700004017002040090000400900404010000040100017/24/2008 8:22:57 AM180000001800400018008000180030001801500018005000180160001802200019000000190020001900201019002015190020111900201319002003190020011900100019001005PrimeNewswirePZM-0001-26893753OCCIDENTAL PETROLEUM CORPRAY R IRANIOXYNewsNewstexhttp://www.alacrastore.com/storecontent/newstex/MCOM-0004-26858814newstex/MCOM-0004-26858814xml Jul. ##, #### (M# Communications Ltd. delivered by Newstex) -- Holly Corporation (NYSE: HOC), an independent petroleum refiner and marketer that produces high value light products, said on ## July that its wholly-owned refining subsidiary,...0400000004005000040050120600000006001000060010027/23/2008 7:16:51 AM1800000018003000190000001900200019002012M2 EquityBitesMCOM-0004-26858814HOLLY CORPOCCIDENTAL PETROLEUM CORPHOCOXYNewsNewstexhttp://www.alacrastore.com/storecontent/newstex/PRN-0005-26829035newstex/PRN-0005-26829035xml DALLAS, Jul. ##, #### (PRNewswire-FirstCall delivered by Newstex) -- Holly Corporation ("Holly") (NYSE: HOC) announced today that its wholly-owned refining subsidiary, Holly Refining & Marketing Company ("HRM") has completed negotiations...0600000006001000060010020400000004005000040050127/22/2008 8:18:49 AM18000000180030001900000019002000190020121900201319002010190010001900104319001031PR Newswire USPRN-0005-26829035HOLLY CORPOCCIDENTAL PETROLEUM CORPDAVID L LAMPHOCOXYNewsNewstexhttp://www.alacrastore.com/storecontent/cs/71749cs/71749norm Oil & Gas #Q## Earnings Preview - E&Ps Lead the Way, Refiners Battling Strong Headwinds Crude prices increased ##% sequentially and ##% annually to average $###.##/bbl in #Q##, driven by a combination of ever-present geopolitical concerns,...717492323YesD0Article1131803150771423612291802184561991843198413257461950459160161104616615917215817971260corphy601542High Yield65Earnings Reports - Energy7/16/2008 10:06:00 PM150We expect balance sheets, liquidity, and credit metrics will remain strong with the exception of the Refiners, which are likely to see significant pullbacks in organic liquidity and LTM coverage ratio deterioration.71749Credit & Investment ResearchCreditSightshttp://www.alacrastore.com/storecontent/newstex/PZM-0001-26569050newstex/PZM-0001-26569050xml LOS ANGELES, Jul. ##, #### (July delivered by Newstex) -- Occidental Petroleum Corporation (NYSE:OXY) will hold a conference call on Thursday, July ##, ####, following the release of its second quarter #### financial results. The conference...040000000401600004016018040160487/10/2008 10:24:24 AM180000001800400018008000PrimeNewswirePZM-0001-26569050OCCIDENTAL PETROLEUM CORPOXYNewsNewstexhttp://www.alacrastore.com/storecontent/newstex/PRN-0001-26504608newstex/PRN-0001-26504608xml BAAR, Switzerland, Jul. #, #### (Canada NewsWire Group delivered by Newstex) -- /CNW/ -- In the third quarter of ####, Manas Petroleum Corp. ("Manas") intends to reach a major milestone in its history with the commencement of drilling...03000000030010000300100104000000040050000400501204016000040160130600000006001000060010021300000013004000130040017/8/2008 7:18:03 AM1800000018022000180150001900000019002000190020041900200719002015190020061900201019002013Canada NewsWire GroupPRN-0001-26504608AUSTRALIAN OIL & GAS CORPMANAS PETROLEUM CORPORATIONOCCIDENTAL PETROLEUM CORPAOGCMNAPOXYNewsNewstexhttp://www.alacrastore.com/storecontent/cs/71260cs/71260norm Plains: OXY Purchase of GP Stake Positive for Equity But Bondholders Still Face Trading Risks Plains announced that Occidental Petroleum will purchase a ##% stake in the MLP's general partnership for an undisclosed amount that we estimate...150We take a look at implications of the OXY GP deal for PAA LP unit holders and bondholders.7/2/2008 10:05:00 PM712601343YesD0Article2011113corp7349M&A Activity71260Credit & Investment ResearchCreditSightshttp://www.alacrastore.com/storecontent/newstex/PZM-0001-26336232newstex/PZM-0001-26336232xml LOS ANGELES, Jun. ##, #### (June delivered by Newstex) -- Occidental Petroleum Corporation (NYSE:OXY) today announced an agreement with SandRidge Energy (NYSE:SD) to develop a West Texas hydrocarbon gas processing plant and related...0600000006001000060010020400000004005000040050120400501104016000040160056/30/2008 10:20:26 AM180000001801600018022000190000001900100019001043PrimeNewswirePZM-0001-26336232OCCIDENTAL PETROLEUM CORPSANDRIDGE ENERGY INCRAY R IRANIOXYSDNewsNewstexhttp://www.alacrastore.com/storecontent/newstex/PRN-0005-26329950newstex/PRN-0005-26329950xml OKLAHOMA CITY, Jun. ##, #### (PRNewswire-FirstCall delivered by Newstex) -- SandRidge Energy, Inc. (NYSE: SD) today announced that it has entered into an agreement with Occidental Petroleum Corporation (NYSE: OXY) to build and operate...060000000600100006001002040000000400500004005012040050116/30/2008 7:17:05 AM180000001802200019000000190010001900104319001036PR Newswire USPRN-0005-26329950OCCIDENTAL PETROLEUM CORPSANDRIDGE ENERGY INCTOM L WARDOXYSDNewsNewstexCANADA - Occidental Petroleum Corp agreed to acquire a ##% stake in the Joslyn Oil Sands Project of Enerplus Resources Fund, an oil and gas exploration and production company for ### mil Canadian dollars ($###.### mil US). The transaction was subject to regulatory approval.6/25/2008 3:04:02 PM67459929684P67459929274DOccidental Petroleum CorpEnerplus Resources Fund-Joslyn Oil Sand ProjectOccidental Petroleum CorpEnerplus Resources Fundhttp://www.alacrastore.com/storecontent/Thomson_M%26A/Occidental_Petro_Corp_acquires_a_minority_stake_in_Enerplus_Resources_Joslyn_from_Enerplus_Resources_Fund-1989582040sdc/19895820401989582040Copyright © 2008, Thomson Financial, All Rights ReservedNew YorkOil and Gas; Petroleum RefiningUnited StatesCrude petroleum and natural gas1311CACaliforniaPublicOXY1311:Crude petroleum and natural gas2819:Industrial inorganic chemicals, nec2821:Plastics materials and synthetic resins2869:Industrial organic chemicals, nec2873:Nitrogenous fertilizers4922:Natural gas transmission1311:Crude petroleum and natural gas2819:Industrial inorganic chemicals, nec2821:Plastics materials and synthetic resins2869:Industrial organic chemicals, nec2873:Nitrogenous fertilizers4922:Natural gas transmissionMiningCanadaMiscellaneous nonmetallic minerals, except fuels1499FFForeignSubsidiary11133001Oil,gas expl,prodnOil,gas expl,prodn coCashCash OnlyOwnership Interest1024491001Jun 25 20080.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.00000US31 Mar 080.000005685.000000.0000020696.0000038486.00000U.S. Dollar0.000001.000002.000003.000004.000005.000006.000007.000008.000009.0000010.0000011.0000012.0000013.0000014.0000015.0000016.0000017.0000018.0000019.0000020.0000021.0000022.0000023.0000024.0000025.0000026.0000027.0000028.0000029.0000030.0000031.00000Occidental Petroleum Corp,located in Los Angeles,California, is an oil and gasexploration, production anddevelopment company. Itsoperations are carried outthrough two segments: oil andgas and chemical. The oil andgas segment develops, exploresfor, produces and marketscrude oil and natural gas. Thecompany's domestic oil and gasoperations are located in ElkHills and other smallerlocations in California, theHugoton field in Kansas andOklahoma, the Permian basin inwest Texas and New Mexico andthe Gulf of Mexico. Thechemical segment manufacturesand markets basic chemicals,vinyls and performancechemicals. Basic chemicalsinclude chlorine, causticsoda, potassium chemicals andtheir derivatives. It operatesin the US, Colombia, Ecuador,Oman, Pakistan, Qatar, Russia,the United Arab Emirates andYemen and other countries. Thecompany was founded in 1920.Occidental Petroleum Corp, located in Los Angeles,California, is an oil and gas exploration, production anddevelopment company. Its operations are carried out throughtwo segments: oil and gas and chemical. The oil and gassegment develops, explores for, produces and markets crudeoil and natural gas. The company's domestic oil and gasoperations are located in Elk Hills and other smallerlocations in California, the Hugoton field in Kansas andOklahoma, the Permian basin in west Texas and New Mexico andthe Gulf of Mexico. The chemical segment manufactures andmarkets basic chemicals, vinyls and performance chemicals.Basic chemicals include chlorine, caustic soda, potassiumchemicals and their derivatives. It operates in the US,Colombia, Ecuador, Oman, Pakistan, Qatar, Russia, the UnitedArab Emirates and Yemen and other countries. The company wasfounded in 1920.Occidental Petroleum Corp, located in Los Angeles, California, is an oil and gas exploration, production and development company. Its operations are carried out through two segments: oil and gas and chemical. The oil and gas segment develops, explores for, produces and markets crude oil and natural gas. The company's domestic oil and gas operations are located in Elk Hills and other smaller locations in California, the Hugoton field in Kansas and Oklahoma, the Permian basin in west Texas and New Mexico and the Gulf of Mexico. The chemical segment manufactures and markets basic chemicals, vinyls and performance chemicals. Basic chemicals include chlorine, caustic soda, potassium chemicals and their derivatives. It operates in the US, Colombia, Ecuador, Oman, Pakistan, Qatar, Russia, the United Arab Emirates and Yemen and other countries. The company was founded in 1920.1.000002.000003.000004.00000Joslyn Oil Sands Project ofEnerplus Resources Fund thatholds over 8 billion barrelsof bitumen.Joslyn Oil Sands Project of Enerplus Resources Fund thatholds over 8 billion barrels of bitumen.Joslyn Oil Sands Project of Enerplus Resources Fund that holds over 8 billion barrels of bitumen.0.000000.000000.000000.00000YCanadian Dollar23 Jun 08Mon, 23 Jun 2008 00:00:00 ESTDate Announced: 06/23/2008Date Effective:Acq. Part. Int.Neutral0.000000.000000.000000.000000.000000.00000Price/Share0.00000500 Canadian Dollar500.000000.00000500 Canadian Dollar500.000000.000000.000000.000000.00000500.00000500 Canadian Dollar0.98400N250.408000.000000.000000.000000.000000.00000492.07800492.078000.000000.000000.000000.000000.000000.000000.0000015.000000.000000.000000.000000.000000.000000.000000.000000.0000076606.863000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000001.000002.000003.000004.000005.000006.000007.000008.000009.0000010.00000CANADA - Occidental PetroleumCorp agreed to acquire a 15%stake in the Joslyn Oil SandsProject of Enerplus ResourcesFund, an oil and gasexploration and productioncompany for 500 mil Canadiandollars ($592.078 mil US). Thetransaction was subject toregulatory approval.CANADA - Occidental Petroleum Corp agreed to acquire a 15% stake in the Joslyn Oil Sands Project of Enerplus Resources Fund, an oil and gas exploration and production company for 500 mil Canadian dollars ($592.078 mil US). The transaction was subject to regulatory approval.CANADA - Occidental Petroleum Corp agreed to acquire a 15% stake in the Joslyn Oil SandsProject of Enerplus Resources Fund, an oil and gas exploration and production company for500 mil Canadian dollars ($592.078 mil US). The transaction was subject to regulatoryapproval.CANADA - Occidental Petroleum Corp agreed to acquire a 15% stake in the Joslyn Oil Sands Project of Enerplus Resources Fund, an oil and gas exploration and production company for 500 mil Canadiandollars ($592.078 mil US). The transaction was subject to regulatory approval.CANADA - Occidental Petroleum Corp agreed to acquire a 15% stake in the Joslyn Oil Sands Project of Enerplus Resources Fund, an oil andgas exploration and production company for 500 mil Canadian dollars ($592.078 mil US). The transaction was subject to regulatoryapproval.RBC Capital Markets1.00000$ 492.077 - RBC Capital Markets - Adv0.00000Intended23974.000005685.0000020696.0000038486.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.00000Status:Intended-999.00000np0.00000-999.00000np0.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000001499:Miscellaneous nonmetallic minerals, except fuels11133001New YorkUnited States1311CaliforniaPublicOXY1311:Crude petroleum and natural gas1381:Drilling oil and gas wells1382:Oil and gas field exploration services248511001New YorkCanada1311ForeignPublicERF492.07800500.00000492.07800250.40800Deal InformationThomson Financial Mergers & Acquisitionshttp://www.alacrastore.com/storecontent/spcred/655656spcred/655656normThe latest News from S&Pglobal6/23/2008 6:23:16 PM100News655656United StatesIntegrated Oil & GasEmerging MarketsLatin AmericaUnited StatesGlobal IssuersFinancial InstitutionsCorporationsChemicalsEnergyGasMetals & MiningNewsNEW YORK (Standard&Poor's) June 23, 2008--Standard&Poor's Ratings Services today announced that it had completed its review of U.S.-based oil and gas exploration and production (E&P) companies as a follow-up to its article " Higher Price Assumptions For Oil And Gas Are Likely To Fuel Upgrades," published May 16, 2008, on RatingsDirect. "At the time of the article, we raised our price assumptions for oil and gas, and indicated the potential for subsequent positive rating actions," said Standard&Poor's credit analyst Jeff Morrison. "Our sector review resulted in three upgrades, two positive outlook revisions, and numerous changes in issue-level and recovery ratings." A summary of these rating actions follows. Upgrades: Occidental Petroleum Corp. (A/Stable/A-1) We raisedUSA67459L67459M67461F67460J67460K67460Q67459910102010 101020 1010 10Occidental Petroleum Corp.101732EMERGINGLATAMERICAUSAOXYNEWSGLOBISSFICORPChemicalsEnergyGasMetalsCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/spcred/655657spcred/655657normThe latest Research Update from S&Pglobal6/23/2008 6:23:16 PM175Research Update655657United StatesIntegrated Oil & GasEmerging MarketsLatin AmericaUnited StatesGlobal IssuersCorporationsFinancial InstitutionsChemicalsConsumer ProductsEnergyGasMetals & MiningResearch UpdateOn June 23, 2008, Standard&Poor's Ratings Services announced that it had completed its review of U.S.-based oil and gas exploration and production (E&P) companies as a follow-up to its article "Higher Price Assumptions For Oil And Gas Are Likely To Fuel Upgrades," published May 16, 2008, on RatingsDirect. At the time of the article, we raised our price assumptions for oil and gas, and indicated the potential for subsequent positive rating actions. Our sector review resulted in three upgrades, two positive outlook revisions, and numerous changes in issue-level and recovery ratings. A summary of these ratings actions follows. To see all companies affected, please see the ratings list at the bottom. Upgrades: Occidental Petroleum Corp. (A/Stable/A-1) We raisedUSA67459L67459M67461F67460J67460K67460Q67459910102010 101020 1010 10Occidental Petroleum Corp.101732EMERGINGLATAMERICAUSAOXYRESUPDBMUUSA06982710917815941R29255W29276K36729P43131854150956845T69915771657871674P75281A96638796949010102020 101020 1010 10Hilcorp Energy I L.P.Parallel Petroleum Corp.Whiting Petroleum Corp.Clayton Williams Energy Inc.Chaparral Energy Inc.Brigham Exploration Co.Energy XXI (Bermuda) Ltd.Energy XXI Gulf Coast Inc.Baseline Oil&Gas Corp.Petroleum Development Corp.Gastar Exploration USA Inc.PetroQuest Energy Inc.Mariner Energy Inc.Range Resources Corp.Encore Acquisition Co.362772371843377570378566388633390813393109399396417617417980425860428339428360306815310154LATAMERICAUSAPLLLWLLPQCWEICPRBEXPEXXS@LNBOGAPETD6864ZRRCEACGLOBISSCORPFIChemicalsConsumerEnergyGasMetalsCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/newstex/PZM-0001-26167098newstex/PZM-0001-26167098xml LOS ANGELES, Jun. ##, #### (June delivered by Newstex) -- Occidental Petroleum Corporation (NYSE:OXY) today announced the signing of a definitive agreement with Enerplus Resources Fund to purchase a ##% interest in the Joslyn Oil Sands...04000000040050000400501204016000040160050600000006001000060010026/23/2008 10:19:39 AM18000000180160001900000019001000PrimeNewswirePZM-0001-26167098ENERPLUS RESOURCES FUNDOCCIDENTAL PETROLEUM CORPRAY R IRANIERFERF.UNOXYNewsNewstexhttp://www.alacrastore.com/storecontent/cs/70414cs/70414norm Oil & Gas: Raising #### Estimates for the Integrateds and E&Ps We have updated our #### earnings and cash flow estimates for our Integrated Oil and E&P coverage universe based on #H## reported and expected results, corporate developments...704142217YesD0Article12291802158236180319847141131797166195015910461260459corphy156042High Yield33Capital Structure6/10/2008 12:04:52 AM150We have updated our 2008 earnings and cash flow estimates for our Integrated Oil and E&P coverage universe based on 1H08 reported and expected results, corporate developments and guidance, and our upgraded commodity price deck.70414Credit & Investment ResearchCreditSightshttp://www.alacrastore.com/storecontent/cs/70003cs/70003norm Oil & Gas: #H## Outlook - Raising Price Forecasts, Balancing Supply Fears and Demand Destruction Concerns We have updated our oil and natural gas outlook for #H## based on developments in the energy complex over the first half of the...12601797corphy601542High Yield21Sector Outlooks6/2/2008 1:05:00 AM150We have updated our oil and natural gas outlook for 2H08 based on developments in the energy complex over the first half of the year.700032163YesD0Article7141131802236122984356746180319841046459166195016015815970003Credit & Investment ResearchCreditSightshttp://www.alacrastore.com/storecontent/cs/69604cs/69604norm Occidental #Q## Tearsheet OXY's balance sheet remains at the top of the industry with cash on hand sitting at $#.# billion, debt/capital holding steady at #%, resulting in a negligible net debt/capital of #%.We continue to view OXY...69604411YesC21Tearsheet113tearsheets/premium15605/21/2008 12:12:04 PM15069604Credit & Investment ResearchCreditSights