Occidental Petroleum Corp.

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Earnings Announcements

Occidental Petroleum Corp Reports Quarterly Adjusted Earnings Per Share $2.12

Published: 05/10/2022 20:49 GMT
Occidental Petroleum Corp. (OXY) - Qtrly Adjusted Earnings per Share $2.12.
Qtrly Earnings per Diluted Share of $4.65.
Chemical Pre-tax Income of $671 Million for the First Quarter of 2022.
Qtrly Oil and Gas Pre-tax Income on Continuing Operations Was $2.9 Billion, Versus to Pre-tax Income of $2.1 Billion for Q4 2021.
Occidental - Q1 After-tax Items Affecting Comparability of $2.5 Billion Included Non-cash Tax Benefit of $2.6 Billion Related to Post-anadarko Deal.
Occidental - Total Average Global Production of 1,079 Thousand of Barrels of Oil Equivalent per Day (mboed) for the First Quarter of 2022.
Occidental Petroleum - Qtrly Oil and Gas Income Included $125 Million of Pre-tax Gains Related to Sale of Non-core Domestic Onshore Oil and Gas Leases.
Occidental Petroleum - Qtrly Average Worldwide Realized Crude Oil Prices Increased by About 22 Percent From the Prior Quarter to $91.91 per Barrel.
Occidental Petroleum - Qtrly Permian and Rockies Average Production of 472 Mboed and 286 Mboed, Respectively.
Qtrly Total Revenues and Other Income $8,533 Million Versus $5,479 Million.
Occidental Petroleum - for the First Quarter of 2022, Average Wti and Brent Marker Prices Were $94.29 per Barrel and $97.36 per Barrel, Respectively.
Q1 Earnings per Share View $2.03, Revenue View $8.08 Billion -- Refinitiv Ibes Data (analyst estimates).
Repaid $3.3 Billion of Debt in Quarter.
Further Company Coverage: .
Revenue is expected to be $9.34 Billion
Adjusted EPS is expected to be $2.64

Next Quarter Revenue Guidance is expected to be $9.2 Billion
Next Quarter EPS Guidance is expected to be $2.41

More details on our Analysts Page.