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Occidental Petroleum | 8-K: Occidental Announces 3rd Quarter 2024 Results

Occidental Petroleum | 8-K: Occidental Announces 3rd Quarter 2024 Results

西方石油 | 8-K:西方公布2024年第三季度业绩
美股SEC公告 ·  2024/11/13 05:18

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Occidental delivered strong Q3 2024 results with net income of $964 million ($0.98 per diluted share) and adjusted income of $977 million ($1.00 per diluted share). Operating cash flow reached $3.8 billion, while free cash flow before working capital was $1.5 billion. Total production exceeded guidance by 22 Mboed at 1,412 Mboed.The company achieved significant progress in debt reduction, repaying $4.0 billion of debt and reaching nearly 90% of its short-term debt reduction target. Permian production excelled at 729 Mboed, surpassing guidance by 30 Mboed. OxyChem performed above expectations with pre-tax income of $304 million, while Midstream and Marketing segment exceeded guidance by $145 million.Average worldwide realized crude oil prices decreased 6% quarter-over-quarter to $75.33 per barrel, while natural gas liquids prices declined 4% to $20.47 per barrel. Domestic gas prices fell 26% to $0.40 per thousand cubic feet. The integration of CrownRock is progressing well in terms of personnel and operations.
Occidental delivered strong Q3 2024 results with net income of $964 million ($0.98 per diluted share) and adjusted income of $977 million ($1.00 per diluted share). Operating cash flow reached $3.8 billion, while free cash flow before working capital was $1.5 billion. Total production exceeded guidance by 22 Mboed at 1,412 Mboed.The company achieved significant progress in debt reduction, repaying $4.0 billion of debt and reaching nearly 90% of its short-term debt reduction target. Permian production excelled at 729 Mboed, surpassing guidance by 30 Mboed. OxyChem performed above expectations with pre-tax income of $304 million, while Midstream and Marketing segment exceeded guidance by $145 million.Average worldwide realized crude oil prices decreased 6% quarter-over-quarter to $75.33 per barrel, while natural gas liquids prices declined 4% to $20.47 per barrel. Domestic gas prices fell 26% to $0.40 per thousand cubic feet. The integration of CrownRock is progressing well in terms of personnel and operations.
西方石油公司发布了强劲的2024年第三季度业绩,净利润为96400万美元(每股摊薄收益0.98美元),调整后收益为97700万美元(每股摊薄收益1.00美元)。运营现金流达到38亿美元,自由现金流在营运资金前为15亿美元。总生产量超过指导预期22 Mboed,达到1412 Mboed。公司在减少债务方面取得了显著进展,偿还了40亿美元的债务,并接近实现其短期债务减少目标的90%。二叠纪生产表现优秀,达到729 Mboed,超出指导预期30 Mboed。OxyChem的税前收入为30400万美元,超出预期,而中游-脑机和市场营销部门超出指导预期14500万美元。全球平均实现的WTI原油价格环比下降6%,降至每桶75.33美元,而天然气液体价格下降4%,降至每桶20.47美元。国内天然气价格下降26%,降至每千立方英尺0.40美元。CrownRock的整合在人员和运营方面进展良好。
西方石油公司发布了强劲的2024年第三季度业绩,净利润为96400万美元(每股摊薄收益0.98美元),调整后收益为97700万美元(每股摊薄收益1.00美元)。运营现金流达到38亿美元,自由现金流在营运资金前为15亿美元。总生产量超过指导预期22 Mboed,达到1412 Mboed。公司在减少债务方面取得了显著进展,偿还了40亿美元的债务,并接近实现其短期债务减少目标的90%。二叠纪生产表现优秀,达到729 Mboed,超出指导预期30 Mboed。OxyChem的税前收入为30400万美元,超出预期,而中游-脑机和市场营销部门超出指导预期14500万美元。全球平均实现的WTI原油价格环比下降6%,降至每桶75.33美元,而天然气液体价格下降4%,降至每桶20.47美元。国内天然气价格下降26%,降至每千立方英尺0.40美元。CrownRock的整合在人员和运营方面进展良好。
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