Occidental Q3 2022 EPS $2.52, repays $1.3B debt, raises full-year guidance

OCCIDENTAL PETROLEUM CORP /DE/

2022-Q3 EPS reported $10.64 revenue$28,415,000,000

EPS $2.52 diluted ($2.44 adjusted); net income $2.5B.
Debt repaid $1.3B in Q3, $9.6B YTD through Nov 7, 34% reduction; face value <$19B.
Repurchased 28.4M shares for $1.8B in Q3, YTD 41.8M shares for $2.6B.
Production 1,180 Mboed, exceeded guidance by 25 Mboed; OxyChem $580M beat $500M guidance.
Full-year guidance raised for all three segments; free cash flow before working capital $3.6B.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

OCCIDENTAL PETROLEUM CORP /DE/ reported the quarter ended September 30, 2022 results: EPS $2.52 per diluted share. Guidance raised.

Period: the quarter ended September 30, 2022
EPS: $2.52 per diluted share
Guidance: raised
Result: reported results

Exact text from the filing

Net income attributable to common stockholders for the third quarter of 2022 of $2.5 billion, or $2.52 per diluted share

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Source: SEC EDGAR

accession 0000797468-22-000035

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