Oil and Gas

Occidental Announces 3rd Quarter 2021 Results Cash flow from continuing operations of $ billion and cash flow from continuing operations before working capital of $ billion Efficient deployment of capital spending of $656 million, resulting in free cash flow excluding working capital of over $ billion Completed large-scale divestiture program with the sale of Ghana in October Repaid $ billion of long-term debt and retired $750 million of interest rate swaps Earnings per share of $ per diluted share and adjusted earnings per share of $ per diluted share OxyChem generated record earnings and increased total year pre-tax guidance to $ billion Exceeded production guidance midpoint by 15 Mboed, despite impact of Hurricane Ida, with production of 1,160 Mboed from continuing operations HOUSTON November 4, 2021 Occidental (NYSE:OXY) today announced net income attributable to common stockholders for the third quarter of 2021 of $628 million, or $ per diluted share, and adjusted income attributable to common stockholders of $836 million, or $ per diluted share, compared to a net loss attributable to common stockholders for the prior quarter of $97 million, or $ per diluted share, and adjusted income attributable to common stockholders of $311 million, or $ per diluted share.

margins on waterborne sales in marketing, partially offset by higher NGL prices in domestic gas processing, higher sulfur sales volumes and prices at Al Hosn Gas, and higher production and ... systems that deliver Occidental’s oil and natural gas and other processing and transportation considerations; general economic conditions, including ...

Loading..

Tags:

  System, Waterborne

Information

Related search queries