Occidental files pro forma financials for CrownRock acquisition for FY 2024

OCCIDENTAL PETROLEUM CORP /DE/

Pro forma combined revenue of $28.3B for year ended Dec 31, 2024.
Pro forma income from continuing ops attributable to common: $2.41B.
Pro forma diluted EPS of $2.44 versus historical $2.26.
Adjusted for $9.7B new debt at 6.22% weighted average interest; $110M DD&A step-up.
Acquisition consideration $12.4B: $9.4B cash, 29.6M shares, $1.2B debt assumed.

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