secwatch.observer — SEC 8-K summary
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Issuer:     OCCIDENTAL PETROLEUM CORP /DE/ (OXY)
CIK:        0000797468
Form:       8-K
Filed at:   2024-05-07T23:59:59+00:00
Accession:  0000797468-24-000093
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/797468/000079746824000093/0000797468-24-000093-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/797468/000079746824000093/oxy-20240507.htm
  HTML page:      https://secwatch.observer/filing/0000797468-24-000093

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer