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Occidental Petroleum's Reserves Grow 4% Amid $12B CrownRock Deal Push

OXY10-KFiling Date: 2/14/2024
Occidental Petroleum Corporation
Description

What this story covers

Occidental Petroleum's 2023 10-K reveals net sales down to 28 point 3 billion dollars from lower prices, net income 3 point 8 billion dollars. Oil/gas production up 6 percent to 1 thousand 223 Mboe/d, reserves plus 4 percent to 3 thousand 982 MMboe. CrownRock acquisition targets Permian growth; sustainability goals include net-zero by 2040. Debt under 18 billion dollars, capex 6 point 4 to 6 point 6 billion dollars planned for 2024. Risks from volatility and regs persist.

Story snapshot

CompanyOccidental Petroleum Corporation
TickerOXY
VariantStandard detailed
Duration13:51
Filing type10-K
PeriodAnnual 2023
IndustryEnergy
Accession0000797468-24-000034

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