$OXY (+1,28ย %) | Occidental Q3 '24 Earnings Highlights:
Financial Highlights
๐น Adj EPS: $1.00 (Est. $0.74) ๐ข
๐น Revenue: $7.154B (Est. $7.231B) ๐
๐น Operating Cash Flow: $3.8B; Highest in 2024
๐น CAPEX: $1.68B (Est. $1.74B) ๐ข
Production Metrics
๐น Total Production: 1,412 Mboed; +22 Mboed above guidance
Segment Performance
๐น Oil & Gas Pre-tax Income: $1.2B
๐น OxyChem Pre-tax Income: $304M
๐น Midstream & Marketing Pre-tax Income: $631M; Exceeded guidance by $145M
Business Highlights
๐ธ Repaid $4.0B in debt
๐ธ CrownRock acquisition integration progressing well