Occidental provides Q4 2023 preliminary estimates; production in range despite Gulf outage

OCCIDENTAL PETROLEUM CORP /DE/

2023-FY EPS reported $3.90 revenue$28,257,000,000

Total company production expected within guidance range despite third-party MPOG outage in eastern Gulf of Mexico since Nov 16, 2023.
Gulf of Mexico oil and gas sales volumes estimated at 127 Mboed; domestic operating cost $10.96/boe.
Average realized oil price: US $77.91/bbl, worldwide $78.85/bbl; WTI index $78.32/bbl.
Adjusted effective tax rate 32-33%; diluted shares outstanding 950.1 million for Q4 2023.
Worldwide oil realized price 101% of WTI index; domestic natural gas 63% of NYMEX.

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