Occidental Petroleum

February 27, 2023 – Occidental Petroleum (NYSE:OXY) today announced net income attributable to common stockholders for the fourth quarter of 2022 of $1.7 billion, or $1.74 per diluted share, and adjusted income attributable to common stockholders of $1.6 billion, or $1.61 per diluted share. Occidental Petroleum (NYSE:OXY) reported late Monday Q4 adjusted earnings of $1.61 per diluted share, up from $1.48 a year earlier. Analysts polled by Capital IQ expected $1.83. Revenue for the quarter was $8.33 billion, up from $3.35 billion a year earlier. Analysts surveyed by Capital IQ expected $8.21 billion. Worldwide year-end proved reserves of 3.8 billion BOE, with reserves replacement of 172% and finding and development costs of $6.60 per BOE。 Completed $3.0 billion share repurchase program with $562 million of repurchases in the fourth quarter, bringing total year repurchases to 47.7 million shares。 Announced enhanced shareholder return framework including a new $3.0 billion share repurchase