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Occidental Petroleum | 8-K: Occidental Announces 1st Quarter 2024 Results

Occidental Petroleum | 8-K: Occidental Announces 1st Quarter 2024 Results

西方石油 | 8-K：西方公布2024年第一季度业绩
美股sec公告 ·  05/07 16:24
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On May 7, 2024, Occidental Petroleum Corporation released its financial results for the first quarter of 2024, ending March 31. The company reported strong operational performance with operating cash flow of $2.0 billion and cash flow from operations before working capital of $2.4 billion. Capital spending amounted to $1.8 billion, and contributions from noncontrolling interest were $57 million, resulting in a free cash flow before working capital of $720 million. Occidental's total production was 1,172 Mboed, aligning with the mid-point of their guidance despite challenges in the eastern Gulf of Mexico. The midstream and marketing segment exceeded pre-tax income guidance by approximately $100 million, while OxyChem's pre-tax income was $260 million, surpassing expectations. The company reported earnings per diluted share of $0.75 and adjusted earnings per diluted share of $0.63. President and CEO Vicki Hollub highlighted the company's operational excellence and its positioning for free cash flow growth. The financial report also included details on oil and gas production, chemical and midstream marketing performance, and various financial metrics.
On May 7, 2024, Occidental Petroleum Corporation released its financial results for the first quarter of 2024, ending March 31. The company reported strong operational performance with operating cash flow of $2.0 billion and cash flow from operations before working capital of $2.4 billion. Capital spending amounted to $1.8 billion, and contributions from noncontrolling interest were $57 million, resulting in a free cash flow before working capital of $720 million. Occidental's total production was 1,172 Mboed, aligning with the mid-point of their guidance despite challenges in the eastern Gulf of Mexico. The midstream and marketing segment exceeded pre-tax income guidance by approximately $100 million, while OxyChem's pre-tax income was $260 million, surpassing expectations. The company reported earnings per diluted share of $0.75 and adjusted earnings per diluted share of $0.63. President and CEO Vicki Hollub highlighted the company's operational excellence and its positioning for free cash flow growth. The financial report also included details on oil and gas production, chemical and midstream marketing performance, and various financial metrics.
2024年5月7日，西方石油公司发布了截至3月31日的2024年第一季度的财务业绩。该公司报告了强劲的运营业绩，运营现金流为20亿美元，营运资金前的运营现金流为24亿美元。资本支出为18亿美元，非控股权益出资为5700万美元，因此扣除营运资金前的自由现金流为7.2亿美元。尽管墨西哥湾东部面临挑战，但西方航空的总产量为1,172Mboed，与预期的中点持平。中游和营销板块比税前收入预期高出约1亿美元，而OxyChem的税前收入为2.6亿美元，超出预期。该公司公布的摊薄后每股收益为0.75美元，调整后的摊薄后每股收益为0.63美元。总裁兼首席执行官Vicki Hollub强调了公司的卓越运营及其对自由现金流增长的定位。财务报告还包括石油和天然气生产、化工和中游营销业绩以及各种财务指标的详细信息。
2024年5月7日，西方石油公司发布了截至3月31日的2024年第一季度的财务业绩。该公司报告了强劲的运营业绩，运营现金流为20亿美元，营运资金前的运营现金流为24亿美元。资本支出为18亿美元，非控股权益出资为5700万美元，因此扣除营运资金前的自由现金流为7.2亿美元。尽管墨西哥湾东部面临挑战，但西方航空的总产量为1,172Mboed，与预期的中点持平。中游和营销板块比税前收入预期高出约1亿美元，而OxyChem的税前收入为2.6亿美元，超出预期。该公司公布的摊薄后每股收益为0.75美元，调整后的摊薄后每股收益为0.63美元。总裁兼首席执行官Vicki Hollub强调了公司的卓越运营及其对自由现金流增长的定位。财务报告还包括石油和天然气生产、化工和中游营销业绩以及各种财务指标的详细信息。
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