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Occidental Petroleum | 10-Q: Q3 2024 Earnings Report

Occidental Petroleum | 10-Q: Q3 2024 Earnings Report

西方石油 | 10-Q:2024財年三季報
美股SEC公告 ·  11/13 05:20

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Occidental Petroleum reported a decrease in net income for the third quarter of 2024, with income from continuing operations at $1.14 billion compared to $1.375 billion in the same period of 2023. The diluted earnings per share (EPS) also declined to $0.98 from $1.20 year-on-year. The company's net sales for the quarter were $7.173 billion, showing a slight increase from $7.158 billion in the previous year. The oil and gas segment was the largest contributor to net sales, generating $5.697 billion. Occidental's business development included a notable $554 million in cash received from the exercise of common stock warrants and the acquisition of CrownRock, which added 29.56 million shares to the common stock. The company also reported a $489 million gain from the sale of limited partner units in WES and a $27 million fair value gain on the TerraLithium equity investment. Looking ahead, Occidental's future plans involve managing costs related to the CrownRock Acquisition and continuing to streamline its operations, as evidenced by the sale of non-core assets and the gains from asset divestitures.
Occidental Petroleum reported a decrease in net income for the third quarter of 2024, with income from continuing operations at $1.14 billion compared to $1.375 billion in the same period of 2023. The diluted earnings per share (EPS) also declined to $0.98 from $1.20 year-on-year. The company's net sales for the quarter were $7.173 billion, showing a slight increase from $7.158 billion in the previous year. The oil and gas segment was the largest contributor to net sales, generating $5.697 billion. Occidental's business development included a notable $554 million in cash received from the exercise of common stock warrants and the acquisition of CrownRock, which added 29.56 million shares to the common stock. The company also reported a $489 million gain from the sale of limited partner units in WES and a $27 million fair value gain on the TerraLithium equity investment. Looking ahead, Occidental's future plans involve managing costs related to the CrownRock Acquisition and continuing to streamline its operations, as evidenced by the sale of non-core assets and the gains from asset divestitures.
西方石油報告稱,2024年第三季度淨利潤下降,持續經營業務收入爲11.4億美元,低於2023年同期的13.75億美元。每股攤薄收益(EPS)也同比下降至0.98美元,而去年同期爲1.2美元。公司本季度的淨銷售額爲71.73億美元,較去年同期的71.58億美元略有增長。石油和燃料幣業務板塊是淨銷售額的最大貢獻者,創造了56.97億美元。西方石油的業務發展包括通過行使普通股認股權獲得的突出的55400萬美元現金和對CrownRock的收購,這爲普通股增加了2956萬股。公司還報告稱,通過出售WES的有限合夥單位獲得了4,8900萬美元的收益,以及對TerraLithium股權投資的2700萬美元公允價值增值。展望未來,西方石油的未來計劃涉及管理與CrownRock收購相關的成本,並繼續簡化其業務,這體現在出售非核心資產以及資產剝離的收益中。
西方石油報告稱,2024年第三季度淨利潤下降,持續經營業務收入爲11.4億美元,低於2023年同期的13.75億美元。每股攤薄收益(EPS)也同比下降至0.98美元,而去年同期爲1.2美元。公司本季度的淨銷售額爲71.73億美元,較去年同期的71.58億美元略有增長。石油和燃料幣業務板塊是淨銷售額的最大貢獻者,創造了56.97億美元。西方石油的業務發展包括通過行使普通股認股權獲得的突出的55400萬美元現金和對CrownRock的收購,這爲普通股增加了2956萬股。公司還報告稱,通過出售WES的有限合夥單位獲得了4,8900萬美元的收益,以及對TerraLithium股權投資的2700萬美元公允價值增值。展望未來,西方石油的未來計劃涉及管理與CrownRock收購相關的成本,並繼續簡化其業務,這體現在出售非核心資產以及資產剝離的收益中。
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