8-KEarnings & ResultsExhibits & Filings

OCCIDENTAL PETROLEUM CORP /DE/ 8-K Report, Financial Results (Nov 7, 2023)

Filed November 7, 2023For Securities:OXYOXY-WT

Summary

Occidental Petroleum Corporation (OXY) filed an 8-K on November 7, 2023, to report its financial results for the third quarter ended September 30, 2023. The filing includes a press release detailing the company's operational performance and financial condition. Investors should note that this information, while announcing significant quarterly results, is furnished and not deemed "filed" under Section 18 of the Securities Exchange Act of 1934, meaning it doesn't carry the same legal implications regarding liability for misstatements. However, the content of the press release remains crucial for understanding OXY's recent performance and outlook. Key information from the press release, which is incorporated by reference, would typically cover metrics such as revenue, net income, earnings per share (EPS), production volumes, and potentially updates on ongoing projects or strategic initiatives. Investors will be looking for trends in oil and gas prices, operational efficiency, and any commentary on the company's capital allocation strategies, including dividends, share repurchases, and debt management, in light of the prevailing market conditions.

Key Highlights

  • 1Occidental Petroleum (OXY) released its Q3 2023 financial results via an 8-K filing on November 7, 2023.
  • 2The filing incorporates by reference a press release dated November 7, 2023, containing the detailed financial and operational results.
  • 3Investors can find information on the company's performance for the quarter ended September 30, 2023.
  • 4The press release is expected to provide key financial metrics such as revenue, earnings, and EPS.
  • 5Operational details, including production levels, are likely included in the furnished press release.
  • 6The furnished information is not considered 'filed' for Section 18 purposes, but is critical for performance analysis.

Frequently Asked Questions

The main purpose of this 8-K filing is to officially announce and provide Occidental Petroleum Corporation's financial results and operational performance for the third quarter ended September 30, 2023. It incorporates a press release that contains these details.

The specific financial results for Q3 2023 are detailed in the press release dated November 7, 2023, which is furnished as Exhibit 99.1 to this 8-K filing and incorporated by reference.

No, the information contained in this report and its exhibit (the press release) is furnished and is not deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934. This means the company generally does not assume liability for misstatements within this specific furnished information under that section, although it remains important for investor understanding.

The press release is expected to include key financial metrics such as revenue, net income, earnings per share (EPS), cash flow, and potentially segment performance. It may also provide updates on production volumes, operational highlights, and management's commentary on the company's performance and outlook.