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Third Quarter Earnings Conference Call
www.oxy.com2Net debt = long -term debt + operating lease liabilities + current portion of long term debt and operating lease liabilities –unrestricted and restricted cash and cash equivalents Prioritizing Debt Reduction • Market capitalization becoming a larger percentage of Enterprise Value as debt is reduced • Equity benefits from rising
AN INTRODUCTION TO PUBLIC FINANCIAL MANAGEMENT
www.accaglobal.commanagement system, alternative options are explored to finance capital assets in such a way that liquidity is maintained in the successful pursuit of long term objectives. A good governance structure consists of a system of authorisations requiring consent from all the stake holders (or their representatives) before execution of material contracts.