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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:西方公佈2024年第三季度業績
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.
西方石油公司發佈了強勁的2024年第三季度業績,凈利潤爲96400萬美元(每股攤薄收益0.98美元),調整後收益爲97700萬美元(每股攤薄收益1.00美元)。運營現金流達到38億美元,自由現金流在營運資金前爲15億美元。總生產量超過指導預期22 Mboed,達到1412 Mboed。公司在減少債務方面取得了顯著進展,償還了40億美元的債務,並接近實現其短期債務減少目標的90%。二疊紀生產表現優秀,達到729 Mboed,超出指導預期30 Mboed。OxyChem的稅前收入爲30400萬美元,超出預期,而中遊和市場營銷部門超出指導預期14500萬美元。全球平均實現的WTI原油價格環比下降6%,降至每桶75.33美元,而天然氣液體價格下降4%,降至每桶20.47美元。國內天然氣價格下降26%,降至每千立方英尺0.40美元。CrownRock的整合在人員和運營方面進展良好。
西方石油公司發佈了強勁的2024年第三季度業績,凈利潤爲96400萬美元(每股攤薄收益0.98美元),調整後收益爲97700萬美元(每股攤薄收益1.00美元)。運營現金流達到38億美元,自由現金流在營運資金前爲15億美元。總生產量超過指導預期22 Mboed,達到1412 Mboed。公司在減少債務方面取得了顯著進展,償還了40億美元的債務,並接近實現其短期債務減少目標的90%。二疊紀生產表現優秀,達到729 Mboed,超出指導預期30 Mboed。OxyChem的稅前收入爲30400萬美元,超出預期,而中遊和市場營銷部門超出指導預期14500萬美元。全球平均實現的WTI原油價格環比下降6%,降至每桶75.33美元,而天然氣液體價格下降4%,降至每桶20.47美元。國內天然氣價格下降26%,降至每千立方英尺0.40美元。CrownRock的整合在人員和運營方面進展良好。
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