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.

economically grow our business while reducing emissions. We are committed to using our global leadership in carbon management to advance a lower-carbon world. Visit oxy.com for more information. Forward-Looking Statements This press release contains “forward-looking statements” within the meaning of the “safe harbor”

Loading..

Tags:

  Business

Information

Related search queries