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Occidental Petroleum | 8-K: Occidental Announces 4th Quarter 2024 Results

Occidental Petroleum | 8-K: Occidental Announces 4th Quarter 2024 Results

西方石油 | 8-K:西方公佈2024年第四季度業績
美股SEC公告 ·  02/19 05:22

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Occidental reported a Q4 2024 net loss of $297 million ($0.32 per share), compared to adjusted income of $792 million ($0.80 per share). The quarter's results were impacted by a $925 million environmental liability charge. Operating cash flow remained strong at $3.6 billion, with free cash flow before working capital of $1.4 billion.Total production exceeded guidance at 1,463 MBOE/d, with strong performance across all segments. The company increased its quarterly dividend by 9% to $0.24 per share. Occidental completed its near-term debt repayment target of $4.5 billion and announced additional divestitures of $1.2 billion for Q1 2025.The company achieved impressive reserves metrics, with worldwide year-end proved reserves reaching 4.6 billion BOE. The 2024 reserves replacement ratio was 230% all-in and 112% organic, demonstrating strong operational sustainability. Midstream, marketing, and chemical segments outperformed income guidance despite challenging market conditions.
Occidental reported a Q4 2024 net loss of $297 million ($0.32 per share), compared to adjusted income of $792 million ($0.80 per share). The quarter's results were impacted by a $925 million environmental liability charge. Operating cash flow remained strong at $3.6 billion, with free cash flow before working capital of $1.4 billion.Total production exceeded guidance at 1,463 MBOE/d, with strong performance across all segments. The company increased its quarterly dividend by 9% to $0.24 per share. Occidental completed its near-term debt repayment target of $4.5 billion and announced additional divestitures of $1.2 billion for Q1 2025.The company achieved impressive reserves metrics, with worldwide year-end proved reserves reaching 4.6 billion BOE. The 2024 reserves replacement ratio was 230% all-in and 112% organic, demonstrating strong operational sustainability. Midstream, marketing, and chemical segments outperformed income guidance despite challenging market conditions.
西方石油公司報告了2024年第四季度淨虧損爲29700萬美元(每股0.32美元),相比之下,調整後收入爲79200萬美元(每股0.80美元)。本季度的業績受到92500萬美元環保母基負債費用的影響。經營現金流保持強勁,達到36億美元,工作資本前的自由現金流爲14億美元。總產量超過指引,達到1463 MBOE/天,各個板塊表現強勁。公司將季度股息提高了9%,至每股0.24美元。西方石油公司完成了45億美元的短期債務償還目標,並宣佈了2025年第一季度額外的12億美元剝離計劃。公司實現了令人印象深刻的儲備指標,全球年末已探明儲量達到46億BOE。2024年的儲備替代率爲230%全行業和112%有機,展示了強大的運營可持續性。中遊、營銷及化工板塊在市場條件艱難的情況下,仍超出收入指引。
西方石油公司報告了2024年第四季度淨虧損爲29700萬美元(每股0.32美元),相比之下,調整後收入爲79200萬美元(每股0.80美元)。本季度的業績受到92500萬美元環保母基負債費用的影響。經營現金流保持強勁,達到36億美元,工作資本前的自由現金流爲14億美元。總產量超過指引,達到1463 MBOE/天,各個板塊表現強勁。公司將季度股息提高了9%,至每股0.24美元。西方石油公司完成了45億美元的短期債務償還目標,並宣佈了2025年第一季度額外的12億美元剝離計劃。公司實現了令人印象深刻的儲備指標,全球年末已探明儲量達到46億BOE。2024年的儲備替代率爲230%全行業和112%有機,展示了強大的運營可持續性。中遊、營銷及化工板塊在市場條件艱難的情況下,仍超出收入指引。
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