Summary
Occidental Petroleum Corporation (OXY) filed an 8-K on October 22, 2014, primarily to announce the financial results for its wholly-owned subsidiary, California Resources Corporation (CRC), for the quarter ended September 30, 2014. The press release containing these results is furnished as an exhibit to this filing. Investors should note that this information, while provided, is furnished and not deemed "filed" for purposes of Section 18 of the Exchange Act, meaning it doesn't automatically get incorporated into other SEC filings unless explicitly referenced. This filing serves as the primary channel to access CRC's Q3 2014 financial and operational performance as of that date. Investors seeking to understand OXY's overall performance would need to refer to the detailed information within the furnished press release to analyze the contribution and standing of California Resources Corporation, a significant operational segment for Occidental Petroleum.
Key Highlights
- 1Occidental Petroleum Corporation (OXY) filed an 8-K on October 22, 2014.
- 2The filing's main purpose is to announce the financial results of its subsidiary, California Resources Corporation (CRC), for the quarter ending September 30, 2014.
- 3A press release detailing CRC's Q3 2014 financial condition and results of operations is provided as Exhibit 99.1.
- 4The information furnished is for disclosure and is not deemed "filed" under Section 18 of the Securities Exchange Act of 1934.
- 5This filing directs investors to the attached press release for the specific financial and operational performance of California Resources Corporation.
- 6The filing includes standard 8-K information such as the reporting date, company details, and principal executive office address.