Summary
Occidental Petroleum Corporation (OXY) filed an 8-K on November 4, 2019, to report its financial condition and results of operations for the third quarter ended September 30, 2019. This filing primarily incorporates by reference a press release issued on the same date, which contains the detailed financial and operational information for the period. Investors should refer to the furnished press release (Exhibit 99.1) for specific financial metrics, performance indicators, and management commentary regarding the company's performance during the quarter. The filing itself is procedural, serving as the official notification of the release of the quarterly earnings. It does not contain new financial data directly but directs investors to the press release for substance. The report also notes that the information furnished is not considered 'filed' for certain regulatory purposes unless expressly incorporated by reference into other filings, a standard disclosure for this type of 8-K filing.
Key Highlights
- 1Occidental Petroleum released its Q3 2019 financial results and operational update via press release on November 4, 2019.
- 2The 8-K filing officially reports the issuance of the press release, incorporating it by reference.
- 3Investors must consult the furnished press release (Exhibit 99.1) for specific financial and operational details for the quarter ended September 30, 2019.
- 4The filing clarifies that the information is furnished and not 'filed' for certain regulatory implications under the Exchange Act, unless specifically referenced in other filings.
- 5The report confirms OXY's status related to emerging growth company regulations and transition periods for accounting standards (though no box was checked indicating election not to use extended transition period).