Occidental Q3 net income $1.2B, adj EPS $1.18; production exceeds guidance, full-year outlook raised

OCCIDENTAL PETROLEUM CORP /DE/

2023-Q3 EPS reported $2.83 revenue$21,085,000,000

Net income of $1.2B ($1.20 diluted EPS); adjusted EPS of $1.18.
Operating cash flow $3.1B; free cash flow before working capital $1.7B.
Production of 1,220 Mboed exceeded mid-point guidance by 34 Mboed; full-year guidance raised 11 Mboed.
OxyChem pre-tax income $373M, above guidance; driven by caustic soda and chlorine.
Repurchased $600M of common stock (60% of $3B program); triggered redemption of $342M preferred stock.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

OCCIDENTAL PETROLEUM CORP /DE/ reported third quarter of 2023 results: net income $1.2 billion, EPS $1.20 per diluted share. Guidance raised.

Period: third quarter of 2023
Net income: $1.2 billion
EPS: $1.20 per diluted share
Guidance: raised
Result: reported results

Exact text from the filing

Occidental (NYSE: OXY) today announced net income attributable to common stockholders for the third quarter of 2023 of $1.2 billion, or $1.20 per diluted share, and adjusted income attributable to common stockholders of $1.1 billion, or $1.18 per diluted share.

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Source: SEC EDGAR

accession 0000797468-23-000091

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