The company said the Earnings Considerations, a summary of factors management believes will affect Q1 2024 results, are preliminary, are not an estimate of Q1 earnings, and remain subject to finalization of its financial reporting process. The summary is April 10, 2024.

1. 01

   The company said the Earnings Considerations, a summary of factors management believes will affect Q1 2024 results, are preliminary, are not an estimate of Q1 earnings, and remain subject to finalization of its financial reporting process. The summary is April 10, 2024.

2. 02

   Occidental said it temporarily halted certain operations in the eastern Gulf of Mexico on November 16, 2023 at the request of the Main Pass Oil Gathering system operator. Despite the third-party outage, the company said it expects total company production to remain within its guidance range for Q1.

3. 03

   The company presented estimates for 3 months ended March 31, 2024, reflecting the unplanned downtime, showing Gulf of Mexico oil and gas sales volumes of 90 Mboed, domestic operating cost of $10.31 per boe, and total company production of 50.6% oil and 25.5% gas.

4. 04

   The company said worldwide average realized prices for the 3 months ended March 31, 2024 were $76.04 per barrel for oil, $22.14 per barrel for NGL and $1.68 per Mcf for natural gas. It said average WTI was $76.96 per barrel and worldwide oil realizations were 99% of average WTI.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.