Summary
Occidental Petroleum Corporation (OXY) filed an 8-K on February 12, 2019, primarily to report its financial results for the fourth quarter and full year ended December 31, 2018. The company issued a press release on the same date, which is furnished as an exhibit to this filing. While the 8-K itself does not contain detailed financial figures, it serves as the official notification that these results have been publicly disclosed. Investors should refer to the press release (Exhibit 99.1) for the specific operational and financial performance data.
Key Highlights
- 1Occidental Petroleum announced its Q4 and full-year 2018 financial results on February 12, 2019.
- 2The company furnished a press release detailing these results as Exhibit 99.1 to the 8-K.
- 3This filing serves as the official record of the press release's issuance.
- 4Investors are directed to the press release for detailed financial and operational performance metrics.
- 5The filing indicates OXY is an "emerging growth company" but does not elect to use the extended transition period for new accounting standards.
Frequently Asked Questions
The primary purpose of this 8-K filing is to announce and furnish the company's financial results for the quarter and full year ended December 31, 2018, through an accompanying press release.
The specific financial and operational details are contained within the press release dated February 12, 2019, which is furnished as Exhibit 99.1 to this 8-K filing.
No, this 8-K filing does not include detailed financial statements directly within the form itself. It references a press release that contains the results. Investors should consult Exhibit 99.1 for the financial performance information.
As an 'emerging growth company,' OXY has certain regulatory accommodations. By electing *not* to use the extended transition period for new or revised financial accounting standards, the company is choosing to adopt these new standards sooner, rather than delaying adoption as permitted under the JOBS Act. This indicates a proactive approach to financial reporting alignment.