- Returned over $800 million to shareholders through dividends and share repurchases
- Exceeded pre-tax income guidance for both Chemical and Midstream and Marketing
- Exceeded the high end of guidance with production of 719,000 BOE per day
- Permian Resources production of 261,000 BOE per day
- International production of 298,000 BOE per day exceeded guidance
HOUSTON – May 5, 2019 – Occidental Petroleum Corporation (NYSE:OXY) today announced net and core income for the first quarter of 2019 of $631 million, or $0.84 per diluted share. Net and core income for the fourth quarter of 2018 was $706 million, or $0.93 per diluted share, and $922 million, or $1.22 per diluted share, respectively.
“We’re proud to have completed another strong quarter with all three of our business segments performing exceptionally well. Occidental continues to execute on its returns-focused strategy of generating free cash flow and value-based production growth,” said President and Chief Executive Officer Vicki Hollub. “We returned approximately $800 million to shareholders in the first quarter through dividends and share repurchases.”
