10-QPeriod: Q3 FY2002

OCCIDENTAL PETROLEUM CORP /DE/ Quarterly Report for Q3 Ended Sep 30, 2002

Filed November 12, 2002For Securities:OXYOXY-WT

Summary

Occidental Petroleum Corporation (OXY) filed its Form 10-Q for the quarterly period ended September 30, 2002. This report provides a snapshot of the company's financial performance and position during the third quarter of 2002. Investors should focus on the company's revenue generation, profitability, cash flows, and overall financial health as detailed in the consolidated financial statements and Management's Discussion and Analysis (MD&A). Key areas to monitor include operational performance in its core segments, any significant capital expenditures, and the company's debt levels and liquidity. The filing also includes information on market risks and legal proceedings that could impact future results.

Key Highlights

  • 1Consolidated Condensed Balance Sheets as of September 30, 2002, and December 31, 2001, are provided for a comparative view of assets, liabilities, and equity.
  • 2Consolidated Condensed Statements of Operations detail the financial performance for the three and nine months ended September 30, 2002, compared to the same periods in 2001, crucial for understanding revenue and profit trends.
  • 3Consolidated Condensed Statements of Cash Flows present the cash generated and used for the nine months ended September 30, 2002, and 2001, offering insight into the company's operational, investing, and financing activities.
  • 4Management's Discussion and Analysis (MD&A) offers a narrative explanation of the financial condition and results of operations, providing context beyond the raw numbers.
  • 5The report covers quantitative and qualitative disclosures about market risk, indicating how the company manages exposure to fluctuations in commodity prices, interest rates, and foreign currency.
  • 6Information on legal proceedings is disclosed, which could represent potential liabilities or contingent risks for the company.
  • 7The filing confirms that the registrant has filed all required reports for the preceding 12 months and has been subject to such filing requirements for the past 90 days, indicating compliance.

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