On July 10, 2024, Occidental Petroleum Corporation released its Earnings Considerations for the second quarter of 2024, providing a summary of factors that management believes will impact the company's financial results. The report, filed with the SEC, includes average realized prices for oil, NGL, and natural gas, as well as comparisons to average index prices. Occidental reported average realized prices of $79.79 for U.S. oil, $80.40 for international oil, and a worldwide average of $79.89 per barrel. NGL prices averaged $20.19 in the U.S. and $28.11 internationally, with a worldwide average of $21.23 per barrel. Natural gas realized $0.54 per Mcf in the U.S. and $1.91 internationally, averaging $0.92 worldwide. The report also disclosed that average diluted shares outstanding for the quarter were 958.9 million. Occidental emphasized that the...Show More

On July 10, 2024, Occidental Petroleum Corporation released its Earnings Considerations for the second quarter of 2024, providing a summary of factors that management believes will impact the company's financial results. The report, filed with the SEC, includes average realized prices for oil, NGL, and natural gas, as well as comparisons to average index prices. Occidental reported average realized prices of $79.79 for U.S. oil, $80.40 for international oil, and a worldwide average of $79.89 per barrel. NGL prices averaged $20.19 in the U.S. and $28.11 internationally, with a worldwide average of $21.23 per barrel. Natural gas realized $0.54 per Mcf in the U.S. and $1.91 internationally, averaging $0.92 worldwide. The report also disclosed that average diluted shares outstanding for the quarter were 958.9 million. Occidental emphasized that the summary is not comprehensive of all results and changes for the quarter and is subject to finalization of their financial reporting process. The company also included forward-looking statements, cautioning that actual results may differ materially from projections due to various factors such as economic conditions, commodity pricing fluctuations, and operational risks.