Occidental Q1 net income $718M ($0.75 EPS); adjusted EPS $0.63; beats midstream/chem guidance

OCCIDENTAL PETROLEUM CORP /DE/

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

Net income $718M ($0.75 diluted EPS); adjusted income $604M ($0.63 adjusted EPS).
Operating cash flow $2.0B; cash flow before working capital $2.4B; free cash flow before working capital $720M.
Total production 1,172 Mboed near guidance midpoint despite Gulf of Mexico third-party outage.
Midstream & marketing adjusted loss $64M, ~$100M better than guidance; OxyChem adjusted income $260M, $10M above guidance.
Oil & gas pre-tax income $1.2B vs $1.6B Q4 2023 on lower crude prices and domestic volumes.

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 the first quarter of 2024 results: net income $718 million, EPS $0.75 per diluted share.

Period: the first quarter of 2024
Net income: $718 million
EPS: $0.75 per diluted share
Result: reported results

Exact text from the filing

Occidental (NYSE: OXY) today announced net income attributable to common stockholders for the first quarter of 2024 of $718 million, or $0.75 per diluted share

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OCCIDENTAL PETROLEUM CORP /DE/ filing history →

Source: SEC EDGAR

accession 0000797468-24-000093

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