OXYCHEM Market Analysis and Guidance
FINANCIAL INFORMATION
DILUTED SHARE COUNT EXAMPLE
Basic Shares Outstanding + Incremental Diluted Shares = Total Diluted Outstanding Shares
•
Incremental diluted shares include June 2020 warrants, Berkshire Hathaway warrants, and performance awards
• Treasury method assumes proceeds from exercised securities used to repurchase common stock
Variables for warrant dilution calculation
2Q23 dilution summary
MM
OXY 2Q23 average share price
$59.99
2Q23 basic average shares outstanding
889.3
June 2020 average outstanding warrants (MM)
103.8
June 2020 warrants
+ 65.8
June 2020 warrants strike price
$22.00
Berkshire Hathaway warrants
+
0.5
Berkshire Hathaway outstanding warrants (MM)
83.9
Performance awards
+
3.2
Berkshire Hathaway warrants strike price
$59.62
2Q23 diluted average shares outstanding
= 958.8
Example: treasury method calculation of June 2020 warrant dilutive share impact¹
2Q23 OXY average
share price
June 2020 warrants
strike price
2Q23 OXY average
share price
1SIMILAR FORMULA USED FOR BERKSHIRE HATHAWAY WARRANTS DILUTED SHARE IMPACT
✓
2Q23 average June 2020
warrants outstanding
Incremental
diluted shares
21
21
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