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Occidental Petroleum logoOccidental Petroleum OXY

The company said it provided a summary of Q2 2024 earnings considerations (the “Earnings Considerations”) that management believes will affect results for July 10, 2024. It said the summary is not an estimate of Q2 earnings and is preliminary, subject to finalization of its financial reporting process.

8-KResults of Operations and Financial ConditionFiled Period of report Summary published (UTC)

Key points

AI summary
  1. The company said it provided a summary of Q2 2024 earnings considerations (the “Earnings Considerations”) that management believes will affect results for July 10, 2024. It said the summary is not an estimate of Q2 earnings and is preliminary, subject to finalization of its financial reporting process.

  2. The company said average diluted shares outstanding for Q2 2024 were 958.9 million shares.

  3. The company said worldwide average realized oil prices were $79.89 per barrel over the 3 months ended June 30, 2024, while average WTI and Brent prices were $80.56 and $84.95 per barrel, respectively.

  4. The company said worldwide average realized NGL prices were $21.23 per barrel and worldwide natural gas prices were $0.92 per Mcf for Q2 2024. It said domestic natural gas was 27% of the NYMEX average of $1.99 per Mcf.

Summary

AI-written

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.

Occidental Provides Q2 2024 Earnings Considerations

The company said it provided a summary of Q2 2024 earnings considerations (the “Earnings Considerations”) that management believes will affect results for July 10, 2024. It said the summary is not an estimate of Q2 earnings and is preliminary, subject to finalization of its financial reporting process.

Source · Based on the filing body and exhibits

Q2 Average Diluted Shares Outstanding of 958.9 million Shares

The company said average diluted shares outstanding for Q2 2024 were 958.9 million shares.

Source · Based on the filing body and exhibits

Q2 2024 Average Realized Prices and Index Prices

The company said worldwide average realized oil prices were $79.89 per barrel over the 3 months ended June 30, 2024, while average WTI and Brent prices were $80.56 and $84.95 per barrel, respectively.

Source · Based on the filing body and exhibits

NGL and Natural Gas Realized Prices as a Percentage of Index Prices

The company said worldwide average realized NGL prices were $21.23 per barrel and worldwide natural gas prices were $0.92 per Mcf for Q2 2024. It said domestic natural gas was 27% of the NYMEX average of $1.99 per Mcf.

Source · Based on the filing body and exhibits

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.

Source: SEC EDGAR (U.S. Securities and Exchange Commission). Item captions are the SEC's. The summary is for reference only and is not investment advice.