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Stock impact report

Occidental Beats Guidance With Strong Q3 Production [Yahoo! Finance]

Western Midstream Partners, LP Common Units Representing Limited Partner Interests (WES) 
Last western midstream partners, lp common units representing limited partner interests earnings: 2/27 04:05 pm Check Earnings Report
Company Research Source: Yahoo! Finance
adjusted earnings of $649 million ($0.64/share), as strong upstream performance and disciplined capital spending lifted operating cash flow and exceeded production targets. The Houston-based producer generated $2.8 billion in operating cash flow and $1.5 billion in free cash flow before working capital, supported by solid oil and gas output and steady commodity prices. Total company production reached 1.465 million barrels of oil equivalent per day (Mboed)—above the high end of guidance—driven by strength in the Permian (800 Mboed), Rockies (288 Mboed), and International (238 Mboed) segments. CEO Vicki Hollub credited the results to “exceptional operational execution” across Occidental's portfolio, adding that the upcoming sale of OxyChem marks a major step in the company's strategic transformation. Proceeds from the sale are expected to bolster the balance sheet and fund “high-return opportunities” across the core oil and gas business. Segment highlights include: Oil & Gas: P Show less Read more
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