Occidental Petroleum Corporation provided production and financial guidance for the first quarter and full year of 2013. The company expects its 2013 program will generate cash flow from operations of about $12.7 billion. The company expected $5 change in its realized oil prices will change cash flow from operations by about $450 million. The company's total capital spending is expected to decline by approximately 6% in 2013 to $9.6 billion from the $10.2 billion the company spent in 2012.

The company expects its combined worldwide tax rate for the first quarter of 2013 to increase to about 40%.

The company expects oil production for all 2013 to grow by about 8% to 10% from the 2012 average. With lower drilling on gas properties, the company expects gas and NGL production to decline somewhat.

The company expects production to be lower in the first quarter due to its planned turnaround in Qatar.