earnings
confidence high
sentiment neutral
materiality 0.70
Occidental Q3 2024: EPS $0.98; production 1,412 Mboed above guidance; $4B debt repaid
OCCIDENTAL PETROLEUM CORP /DE/
2024-Q3 EPS reported
$2.77
revenue$19,965,000,000
- Net income $964M ($0.98 diluted EPS); adjusted income $977M ($1.00 adjusted EPS).
- Operating cash flow $3.8B; free cash flow before working capital $1.5B.
- Total production 1,412 Mboed, 22 Mboed above midpoint; Permian 729 Mboed.
- Repaid $4.0B debt, achieving ~90% of short-term debt reduction target.
- OxyChem pre-tax income $304M; midstream & marketing pre-tax $631M (incl $490M WES gains).