Occidental provides Q1 2024 operational update; production within guidance despite Gulf outage

OCCIDENTAL PETROLEUM CORP /DE/

2024-Q1 EPS reported $0.75 revenue$5,975,000,000

Gulf of Mexico oil and gas sales volumes estimated at 90 Mboed for Q1 2024.
Domestic operating cost of $10.31/boe; total company production oil 50.6%, gas 25.5%.
Average diluted shares 948.6M; adjusted effective tax rate 28-30%, current 32-34%.
WTI average index price $76.96/Bbl; worldwide oil realized price $76.04/Bbl (99% of WTI).
Eastern Gulf outage due to third-party pipeline; restart pending final regulatory approvals.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

OCCIDENTAL PETROLEUM CORP /DE/ reported preliminary financial results for the first quarter of 2024.

Period: the first quarter of 2024
Result: preliminary results

Exact text from the filing

On April 10, 2024, Occidental Petroleum Corporation (the “Company”) provided a summary of factors management believes will impact the first quarter of 2024 results (the “Earnings Considerations”).

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Source: SEC EDGAR

accession 0000797468-24-000083

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