Net income (loss) attributable to common stockholders
$
(985
)
$
4,131
$
1,311
$
(574
)
$
(7,829
)
Net income (loss) from continuing operations attributable to common stockholders - basic per common share
$
(1.20
)
$
5.40
$
1.71
$
(1.31
)
$
(10.64
)
Net income (loss) attributable to common stockholders - basic per common share
$
(1.22
)
$
5.40
$
1.71
$
(0.75
)
$
(10.23
)
Net income (loss) attributable to common stockholders - diluted per common share
$
(1.22
)
$
5.39
$
1.70
$
(0.75
)
$
(10.23
)
FINANCIAL POSITION(b)
Total assets
$
109,330
$
43,854
$
42,026
$
43,109
$
43,409
Long-term debt, net
$
38,537
$
10,201
$
9,328
$
9,819
$
6,855
Stockholders’ equity
$
34,232
$
21,330
$
20,572
$
21,497
$
24,350
MARKET CAPITALIZATION(d)
$
36,846
$
45,998
$
56,357
$
54,437
$
51,632
CASH FLOW FROM CONTINUING OPERATIONS(b,c)
Operating:
Cash flow from continuing operations
$
7,203
$
7,669
$
4,861
$
2,520
$
3,251
Investing:
Capital expenditures
$
(6,355
)
$
(4,975
)
$
(3,599
)
$
(2,717
)
$
(5,272
)
Payments for purchases of assets and businesses
$
(28,088
)
$
(928
)
$
(1,064
)
$
(2,044
)
$
(109
)
Sales of assets, net
$
6,143
$
2,824
$
1,403
$
302
$
819
Cash provided (used) by all other investing activities, net
$
(573
)
$
(127
)
$
181
$
(284
)
$
(858
)
Financing:
Cash dividends paid
$
(2,624
)
$
(2,374
)
$
(2,346
)
$
(2,309
)
$
(2,264
)
Purchases of treasury stock
$
(237
)
$
(1,248
)
$
(25
)
$
(22
)
$
(593
)
Proceeds from long-term debt, net - Occidental
$
21,557
$
978
$
—
$
4,203
$
1,478
Payment of long-term debt, net - Occidental
$
(6,959
)
$
(500
)
$
—
$
(2,710
)
$
—
Proceeds from issuance of common and preferred stock
$
10,028
$
33
$
28
$
36
$
37
Cash provided (used) by all other financing activities, net
$
431
$
9
$
—
$
—
$
—
DIVIDENDS PER COMMON SHARE
$
3.14
$
3.10
$
3.06
$
3.02
$
2.97
WEIGHTED-AVERAGE BASIC SHARES OUTSTANDING
810
762
765
764
766
(a)
Summary financial information included the impact of the Acquisition, see Note 3 - The Acquisition in the Notes to Consolidated Financial Statements. Summary results of operations from the date of the Acquisition to December 31, 2019 included the results of WES, a previously consolidated subsidiary. The summary results of operations also included a loss as a result of no longer consolidating WES of approximately $1 billion. See Note 1 - Summary of Significant Accounting Policies in the Notes to Consolidated Financial Statements.
(b)
See the MD&A section of this report and the Notes to Consolidated Financial Statements for information regarding acquisitions and dispositions, discontinued operations and other charges affecting comparability.
(c)
The 2019 results include results of operations and cash flows related to the Acquisition for the period beginning August 8, 2019 through December 31, 2019.
(d)
Market capitalization is calculated by multiplying the year-end total shares of common stock outstanding, net of shares held as treasury stock, by the year-end closing stock price.
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