$OXY (+5,16 %) | Occidental Q3 '24 Earnings Highlights:

Financial Highlights

🔹 Adj EPS: $1.00 (Est. $0.74) 🟢

🔹 Revenue: $7.154B (Est. $7.231B) 😕

🔹 Operating Cash Flow: $3.8B; Highest in 2024

🔹 CAPEX: $1.68B (Est. $1.74B) 🟢

Production Metrics

🔹 Total Production: 1,412 Mboed; +22 Mboed above guidance

Segment Performance

🔹 Oil & Gas Pre-tax Income: $1.2B

🔹 OxyChem Pre-tax Income: $304M

🔹 Midstream & Marketing Pre-tax Income: $631M; Exceeded guidance by $145M

Business Highlights

🔸 Repaid $4.0B in debt

🔸 CrownRock acquisition integration progressing well