Categories Earnings, Energy

Highlights of Occidental Petroleum’s (OXY) Q1 2023 earnings

Energy company Occidental Petroleum Corporation (NYSE: OXY) has reported financial results for the first quarter of 2023, reporting lower revenues and earnings.

  • Total revenues declined to $7.23 billion in the first quarter from $8.35 billion in the same period of last year
  • Net income attributable to shareholders decreased to $983 million or $1.0 per share from $4.68 billion or $4.65 per share in the same period of last year
  • First-quarter adjusted earnings were $1.09 per share, compared to $2.12 per share in the prior-year quarter
  • Cash flow from operations came in at $2.9 billion; cash flow from operations before working capital was $3.2 billion
  • The company reported total production of 1,220 Mboed, which is above the mid-point of guidance
  • Repurchased $752 million of common stock in Q1, accounting for over 25% of the $3.0 billion repurchase program

Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!

Most Popular

What to look for when CVS Health (CVS) reports Q3 earnings

Healthcare company CVS Health Corporation (NYSE: CVS) is all set to report earnings next week, with Wall Street expecting a mixed outcome. The company has been facing challenges in certain

eBay (EBAY): A few factors that helped drive growth in Q3 2024

Shares of eBay Inc. (NASDAQ: EBAY) stayed green on Friday. The stock has gained 32% year-to-date. The ecommerce leader delivered revenue and earnings growth for the third quarter of 2024,

CVX Earnings: Chevron reports lower revenue and profit for Q3 2024

Energy exploration company Chevron Corporation (NYSE: CVX) on Friday announced third-quarter 2024 financial results, reporting a decline in net profit and revenues. Net income attributable to Chevron Corporation dropped to

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top