Occidental Petroleum Non-GAAP EPS of $1.00 beats by $0.25
by
Contributor since / Followers
Contributor since / Followers
2 days ago
- Occidental Petroleum press release (NYSE:OXY): Q3 Non-GAAP EPS of $1.00 beats by $0.25.
- Strong operational performance drove operating cash flow of $3.8 billion and operating cash flow before working capital of $3.1 billion
- Capital spending of $1.7 billion and contributions from noncontrolling interest of $47 million resulted in quarterly free cash flow before working capital of $1.5 billion
- Total company production of 1,412 Mboed exceeded the mid-point of guidance by 22 Mboed
- Midstream and marketing exceeded the mid-point of guidance for pre-tax adjusted income by $145 million
- OxyChem exceeded guidance with pre-tax income of $304 million.
- Repaid $4.0 billion of debt, achieving nearly 90% of Occidental’s short-term debt reduction target.
- Shares +0.84%.