secwatch.observer — SEC 8-K summary
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Issuer:     OCCIDENTAL PETROLEUM CORP /DE/ (OXY)
CIK:        0000797468
Form:       8-K
Filed at:   2024-08-07T23:59:59+00:00
Accession:  0000797468-24-000134
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Occidental Q2 net income $1.0B, EPS $1.03; production exceeds guidance
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- Net income $1.0B ($1.03 diluted EPS); operating cash flow $2.4B; free cash flow before working capital $1.3B.
- Total production 1,258 Mboed exceeded mid-point guidance by 6 Mboed; Permian 587 Mboed, Gulf of Mexico 138 Mboed.
- Midstream & marketing pre-tax adjusted income exceeded guidance by over $180M; OxyChem pre-tax $296M approximated guidance.
- Average WTI $80.56/bbl, Brent $84.95/bbl; worldwide realized crude $79.89/bbl, up 5% QoQ.
- Maintaining full-year production guidance excluding CrownRock; expect 15 Mboed divestiture in Q4.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/797468/000079746824000134/0000797468-24-000134-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/797468/000079746824000134/oxy-20240807.htm
  HTML page:      https://secwatch.observer/filing/0000797468-24-000134

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