Summary
Occidental Petroleum Corporation (OXY) filed an 8-K on January 29, 2015, primarily to announce its financial results and operational highlights for the fourth quarter and full year ended December 31, 2014. The filing also included preliminary oil and gas reserves and production data as of year-end 2014. This report provides investors with key financial performance indicators and critical data points regarding the company's resource base.
Key Highlights
- 1Announcement of Q4 and Full Year 2014 Financial Results and Operations.
- 2Inclusion of preliminary oil and gas reserves data as of December 31, 2014.
- 3Disclosure of production information as of December 31, 2014.
- 4Furnishing of two press releases as exhibits (Exhibit 99.1 and 99.2) detailing the financial and reserves information.
- 5The report serves as a notification mechanism for investors regarding recent company performance and asset evaluations.
- 6Information provided is furnished and not deemed 'filed' for certain regulatory purposes.
Frequently Asked Questions
The primary purpose of this 8-K filing is to publicly announce Occidental Petroleum's financial results and operational performance for the fourth quarter and the full fiscal year ended December 31, 2014. It also provides preliminary information on the company's oil and gas reserves and production levels as of the end of 2014.
The detailed information is contained within two press releases furnished as exhibits to this 8-K filing. Exhibit 99.1 is the press release regarding financial results and operations, and Exhibit 99.2 is the press release concerning preliminary oil and gas reserves and production.
This 8-K filing itself does not include the audited financial statements. It is reporting the results of operations and financial condition via press releases. The detailed audited financial statements would typically be found in the company's subsequent Form 10-K filing.
The filing specifies that the information contained in this report and its exhibits shall not be deemed 'filed' for purposes of Section 18 of the Securities Exchange Act of 1934, nor incorporated by reference into other filings, unless expressly stated in a future filing.