---
schema_version: "secwatch.filing_event.v1"
accession: "0000797468-24-000093"
form_type: "8-K"
ticker: "OXY"
cik: "0000797468"
company_name: "OCCIDENTAL PETROLEUM CORP /DE/"
filed_at: "2024-05-07T23:59:59+00:00"
generated_at: "2026-06-02T21:22:54.451533+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000797468-24-000093
- form_type: 8-K
- ticker: OXY
- cik: 0000797468
- company_name: OCCIDENTAL PETROLEUM CORP /DE/
- filed_at: 2024-05-07T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/797468/000079746824000093/0000797468-24-000093-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/797468/000079746824000093/oxy-20240507.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000797468-24-000093
- JSON: https://secwatch.observer/filing/0000797468-24-000093.json
- Plain text: https://secwatch.observer/filing/0000797468-24-000093.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/797468/000079746824000093/0000797468-24-000093-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.