Occidental Earnings Reports

Occidental delivered strong operational results with record production of 1,463 Mboed, exceeding guidance. However, a $1.1 billion environmental liability charge led to a net loss of $297 million. Adjusted EPS increased to $0.80, supported by solid oil and gas performance and cash flow. The company met its debt repayment target of $4.5 billion and announced $1.2 billion in divestitures.

Occidental announced strong Q3 2024 results, with net income of $964 million, or $0.98 per diluted share, and adjusted income of $977 million, or $1.00 per diluted share. The company achieved its highest quarterly operating cash flow this year and made significant progress in debt reduction.

Occidental announced strong Q2 2024 results, driven by robust operational performance. The company reported net income of $1.0 billion, or $1.03 per diluted share. Total production exceeded guidance, and Midstream and Marketing outperformed expectations.

Occidental announced strong Q1 2024 results, with operating cash flow of $2.0 billion and free cash flow before working capital of $720 million. The company's total production reached 1,172 Mboed, and OxyChem's pre-tax income exceeded guidance at $260 million. Earnings per diluted share stood at $0.75, while adjusted earnings per diluted share were $0.63.