美国西方石油OXY-201501_4Q14EarningsConferenceCaSides

OCCIDENTALPETROLEUMCORPORATIONFourthQuarter2014EarningsConferenceCallJanuary29,2015?Executedmanyofourstrategicinitiatives,includingthespin-offofCaliforniaResources,thesaleofourHugotongasproperties,BridgeTexPipelineandPAGPunits?Atyearend,ourcashbalanceof$7.8billionexceededourtotaldebtof$6.8billion.?Wegrewourdomesticoilproductionby11,000bbls/dover2013to181,000bbls/d.?WegrewourPermianResourcesproductionfrom65,000BOEDover2013to75,000BOED.?The2014capitalprogramadded395MMBOEofprovedreserves,areplacementratioof181%beforedispositions.?Ourcostsincurredwiththosereserveadditionswereabout$6.7billion,resultinginanapparentfindinganddevelopmentcostofunder$17/BOE.*?Weadded363MMBOEofliquidsprovedreserves,areplacementratioof223%beforedispositions.FourthQuarter2014EarningsHighlights2CaliforniaSpin-Off160MBOED–3Q1