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Occidental Petroleum | 8-K: Occidental Announces 2nd Quarter 2024 Results

Occidental Petroleum | 8-K: Occidental Announces 2nd Quarter 2024 Results

西方石油 | 8-K:西方公布2024年第二季度业绩
美股SEC公告 ·  2024/08/08 04:25

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Occidental delivered strong Q2 2024 results with net income of $1.0 billion, or $1.03 per diluted share. Operating cash flow reached $2.4 billion, with free cash flow before working capital of $1.3 billion. Total production exceeded guidance at 1,258 Mboed, driven by strong performance in Permian and Gulf of Mexico regions.The company's operational excellence was reflected across segments, with oil and gas pre-tax income of $1.6 billion, up from $1.2 billion in Q1. Average worldwide realized crude oil prices increased 5% to $79.89 per barrel. OxyChem earned pre-tax income of $296 million, while midstream and marketing exceeded guidance with pre-tax income of $116 million.Capital spending totaled $1.8 billion with contributions from noncontrolling interest of $42 million. The company maintained its full-year production guidance despite expected divestiture of 15 Mboed in Q4, demonstrating operational resilience and portfolio strength.
Occidental delivered strong Q2 2024 results with net income of $1.0 billion, or $1.03 per diluted share. Operating cash flow reached $2.4 billion, with free cash flow before working capital of $1.3 billion. Total production exceeded guidance at 1,258 Mboed, driven by strong performance in Permian and Gulf of Mexico regions.The company's operational excellence was reflected across segments, with oil and gas pre-tax income of $1.6 billion, up from $1.2 billion in Q1. Average worldwide realized crude oil prices increased 5% to $79.89 per barrel. OxyChem earned pre-tax income of $296 million, while midstream and marketing exceeded guidance with pre-tax income of $116 million.Capital spending totaled $1.8 billion with contributions from noncontrolling interest of $42 million. The company maintained its full-year production guidance despite expected divestiture of 15 Mboed in Q4, demonstrating operational resilience and portfolio strength.
西方石油在2024年第二季度交出了强劲的业绩,净利润为10亿美元,或每股稀释后1.03美元。运营现金流达到24亿美元,自由现金流在扣除营运资金前为13亿美元。总生产量超过了指导范围,达到了1,258 Mboed,这得益于在二叠纪和墨西哥湾地区的强劲表现。公司的运营卓越体现于各个部门,油气税前收入为16亿美元,较第一季度的12亿美元有所增加。全球平均实现的WTI原油价格上涨了5%,达到每桶79.89美元。OxyChem的税前收入为29600万美元,而中游-脑机和营销部门的税前收入超过指导,达到了11600万美元。资本支出总计18亿美元,来自非控股权益的贡献为4200万美元。尽管预计在第四季度剥离15 Mboed,该公司仍然维持了全年生产指导,展现了运营韧性和组合实力。
西方石油在2024年第二季度交出了强劲的业绩,净利润为10亿美元,或每股稀释后1.03美元。运营现金流达到24亿美元,自由现金流在扣除营运资金前为13亿美元。总生产量超过了指导范围,达到了1,258 Mboed,这得益于在二叠纪和墨西哥湾地区的强劲表现。公司的运营卓越体现于各个部门,油气税前收入为16亿美元,较第一季度的12亿美元有所增加。全球平均实现的WTI原油价格上涨了5%,达到每桶79.89美元。OxyChem的税前收入为29600万美元,而中游-脑机和营销部门的税前收入超过指导,达到了11600万美元。资本支出总计18亿美元,来自非控股权益的贡献为4200万美元。尽管预计在第四季度剥离15 Mboed,该公司仍然维持了全年生产指导,展现了运营韧性和组合实力。
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