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Jun 30, 2024
Occidental Q2 2024 Earnings Report
Strong operational performance drove impressive financial results.
Key Takeaways
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.
Operating cash flow reached $2.4 billion.
Total production of 1,258 Mboed exceeded guidance.
Earnings per diluted share and adjusted earnings per diluted share were $1.03.
OxyChem pre-tax income was $296 million.
Occidental
Occidental
Occidental Revenue by Segment
Revenue by Segment
Oil & Gas Revenue
CapyFin.comChemical Revenue
CapyFin.comMidstream & Marketing Revenue
CapyFin.com Forward Guidance
Maintaining full-year production guidance, excluding CrownRock, even with the expected divestiture of 15 Mboed in the fourth quarter
Revenue & Expenses
Visualization of income flow from segment revenue to net income