Summary
Occidental Petroleum Corporation (OXY) filed this 8-K on May 8, 2018, primarily to report its financial condition and results of operations for the quarter ended March 31, 2018. The report itself contains minimal new information, instead referencing a press release (Exhibit 99.1) issued on the same date for the detailed financial and operational performance data. Investors should refer to this press release for specifics on OXY's quarterly performance. The filing also includes standard SEC disclosures regarding its status as an emerging growth company and the election regarding extended transition periods for new accounting standards, though it notes this information is furnished and not deemed "filed" for certain regulatory purposes. The core value for investors lies in the financial details presented in the accompanying press release.
Key Highlights
- 1Occidental Petroleum filed an 8-K on May 8, 2018, to announce Q1 2018 financial results.
- 2The detailed financial and operational results are provided in a press release (Exhibit 99.1) furnished with the 8-K.
- 3Investors need to review the accompanying press release for specific performance metrics.
- 4The report confirms OXY's status as an emerging growth company.
- 5Information furnished is not considered 'filed' for Section 18 of the Exchange Act purposes.
- 6The filing is a standard procedural document to disseminate quarterly earnings information.