During Occidental Petroleum’s calendar Q3 2024 earnings materials, what was the low end of the targeted CrownRock production range in the 4Q24 production guidance increase, in thousand barrels of oil equivalent per day (Mboed)?

# IR Earnings Decks — OXY (query: "CrownRock production guidance")

## Presentation · 2024Q3 · 2024-09-30
- Source (original IR — freshest, fetch + read it yourself if you can): oxy.com/…/oxy3q24conferencecallslides.pdf↗⧉
- Stable copy (identical bytes, fetch this if the source is unreachable/bot-walled): gs://viewer.metricduck.com/ir-presentations/0000797468/2024Q3/oxy3q24conferencecallslides.pdf
- 5 matching page(s)

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…ties integrating businesses, uncertainty associated with financial projections, projected synergies, restructuring, increased costs and adverse tax consequences; uncertainties and liabilities associated with acquired and divested properties and businesses; uncertainties about the estimated quantities of oil, natural gas liquids and natural gas reserves; lower-than-expected production from development projects or acquisitions; Occidental’s ability to realize the anticipated benefits from prior or future streamlining actions to reduce fixed costs, simplify or improve processes and improve Occidental’s competitiveness; exploration, drilling and other operational risks; disruptions to, capacity constraints in, or other limitations on the pipeline systems that deliver Occidental’s oil and natural gas and other processing and transportation considerations; volatility in the securities, capital or credit markets, including capital market disruptions and instability of financial institutions; government actions, war (including the Russia-Ukraine war and conflicts in the Middle East) and political conditions and events; health, safety and environmental (HSE) risks, costs and liability under existing or future federal, regional, state, provincial, tribal, local and international HSE laws, regulations and litigation (including related to climate change or remedial actions or assessments); legislative or regulatory changes, including changes relating to hydraulic fracturing or other oil and natural gas operations, retroactive royalty or production tax regimes, and deep-water and onshore drilling and permitting regulations; Occidental’s ability to recognize intended benefits from its business strategies and initiatives, such as Occidental’s low-carbon ventures businesses or announced greenhouse gas emissions reduction targets or net-zero goals; potential liability resulting from pending or future litigation, government investigations and other proceedings; disruption or interruption of production or manufacturing or facility damage due to accidents, chemical releases, labor unrest, weather, power outages, natural disasters, cyber-attacks, terrorist acts or insurgent activity; the scope and duration of global or regional health pandemics or epidemics and actions taken by government authorities and other third parties in connection therewith; the creditworthiness and performance of Occidental’s counterparties, including financial institutions, operating partners and other parties; failure of risk management; Occidental’s ability to retain and hire key personnel; supply, transportation and labor constraints; reorganization or restructuring of Occidental’s operations; changes in state, federal or international tax rates; and actions by third parties that are beyond Occidental's control. Words such as “estimate,” “project,” “predict,” “will,” “would,” “should,” “could,” “may,” “might,” “anticipate,” “plan,” “intend,” “believe,” "think," "envision," “expect,” “aim,… …

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## ZERO IN ON VALUE _**Key Takeaways**_ 

**==> picture [91 x 376] intentionally omitted <==**

_**Operational excellence driving financial results**_ 

_**CrownRock integration delivering value**_ 

_**Balance sheet strengthening progressing**_ 

**==> picture [45 x 376] intentionally omitted <==**

- ~$3.1 B CFFO[1] delivered by strong operations, company-wide 

- **Raised full-year guidance across all segments** 

- **Production exceeding early expectations** through strong well performance and base uptime 

- Prioritizing backlog of meaningful efficiency enhancement opportunities 

- $4.0 B of debt repaid in 3Q24, **nearly 90% of near-term target** 

- • $1.7 B of divestitures completed year-to-date 

```
1EXCLUDES WORKING CAPITAL; SEE THE RECONCILIATIONS TO COMPARABLE GAAP FINANCIAL MEASURES ON OUR WEBSITE
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### Page 9
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9
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## CROWNROCK INTEGRATION DELIVERING FROM DAY 1 

## HITTING THE GROUND RUNNING _**EFFICIENCY OPPORTUNITIES IDENTIFIED**_ 

## **CROWNROCK PRODUCTION EXCEEDING EXPECTATIONS** 

**Outstanding team and asset performance** ✓ **supports production guidance raise** 

**Consistent development activity set to deliver mid-single digit CrownRock** ✓ **production growth in 2025** 

+5 

+9 

Mboed 3Q24 guidance outperformance _(109 Mboed net contribution to Oxy)_[1] 

Mboed 4Q24 production guidance increase _(156 to 165 Mboed)_ 

## **VALUE IMPROVEMENTS ON THE HORIZON** 

✓ **Integration focused on subsurface, costs, and operations primed for 2025+ success** 

- ➢ Application of proprietary subsurface workflows 

- ➢ Supply chain opportunities 

- ➢ Drilling rig and frac core utilization optimization 

- ➢ Leading integrated water solutions platform 

- ➢ Base production enhancements 

```
1CROWNROCK ACQUISITION CLOSED ON 08/01/24
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## **FINANCIALS** 

## THIRD QUARTER 2024 RESULTS 

**Reported Production versus Mboed Guidance Midpoint Reconciliation** 

## **PERMIAN** 

Strong new well performance in Delaware and Midland Basins (including CrownRock), +30 higher uptime, and non-recurring OBO volumes due to positive PPAs 

## **ROCKIES** 

(2) Temporary infrastructure-related constraints **GULF OF MEXICO** Weather-related downtime and well (6) workovers 

+22 

```
NOTE: SEE THE RECONCILIATIONS TO COMPARABLE GAAP FINANCIAL MEASURES ON OUR WEBSITE
1ADJUSTED AND REPORTED DILUTED SHARE COUNT 975.7 MM SHARES   2NET OF NONCONTROLLING INTEREST CONTRIBUTIONS
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## PERMIAN PRODUCTION GUIDANCE 

Oxy unconventional and CrownRock assets contributing to improved 2024 Permian production outlook 

Prior production guidance included 15 Mboed production decrease from Barilla Draw divestiture 

## **4Q24 Production Guidance** 

**==> picture [688 x 183] intentionally omitted <==**

**----- Start of picture text -----**<br>
800<br>+9 760<br>748 +3<br>750<br>700<br>Prior Implied 4Q24 4Q24 Incremental Production, 4Q24 CrownRock 4Q24 Production<br>Production Guidance Ex-CrownRock Production Improvement Guidance<br>Mboed<br>**----- End of picture text -----**<br>


## **FY 2024 Production Guidance** 

**==> picture [694 x 187] intentionally omitted <==**

**----- Start of picture text -----**<br>
700<br>+7 +4 661<br>650<br>650<br>600<br>Prior 2024 Production Incremental Production, CrownRock Production Updated 2024 Production<br>Guidance Ex-CrownRock Improvement Guidance<br>Mboed<br>**----- End of picture text -----**<br>


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NOTE: PRODUCTION GUIDANCE REPRESENTS MID-POINT OF RANGE; CROWNROCK ACQUISITION CLOSED ON 08/01/24
```

# OCCIDENTAL PETROLEUM CORP /DE/ (OXY) — SEC Filings

**16 filings** found

## 8-K — Q2 FY2025 (filed 2025-08-06)
Accession: 0000797468-25-000109 | 7 sections | 0 tables

## 8-K — Q2 FY2025 (filed 2025-07-14)
Accession: 0000797468-25-000101 | 5 sections | 0 tables

## 8-K — Q1 FY2025 (filed 2025-05-07)
Accession: 0000797468-25-000075 | 7 sections | 0 tables

## 8-K — Q1 FY2025 (filed 2025-04-09)
Accession: 0000797468-25-000067 | 5 sections | 0 tables

## 8-K — FY2024 (filed 2025-02-18)
Accession: 0000797468-25-000028 | 7 sections | 0 tables

## 8-K — FY2024 (filed 2025-01-10)
Accession: 0000797468-25-000003 | 5 sections | 0 tables

## 8-K — Q3 FY2024 (filed 2024-11-12)
Accession: 0000797468-24-000163 | 8 sections | 0 tables

## 8-K — Q3 FY2024 (filed 2024-10-09)
Accession: 0000797468-24-000158 | 5 sections | 0 tables

## 8-K — Q2 FY2024 (filed 2024-08-07)
Accession: 0000797468-24-000134 | 8 sections | 0 tables

## 8-K — Q2 FY2024 (filed 2024-07-10)
Accession: 0000797468-24-000121 | 5 sections | 0 tables

## 8-K — Q1 FY2024 (filed 2024-05-07)
Accession: 0000797468-24-000093 | 8 sections | 0 tables

## 8-K — Q1 FY2024 (filed 2024-04-10)
Accession: 0000797468-24-000083 | 5 sections | 0 tables

## 8-K — FY2023 (filed 2024-02-14)
Accession: 0000797468-24-000033 | 8 sections | 0 tables

## 8-K — FY2023 (filed 2024-01-10)
Accession: 0000797468-24-000003 | 5 sections | 0 tables

## 8-K — Q3 FY2023 (filed 2023-11-07)
Accession: 0000797468-23-000091 | 8 sections | 0 tables

## 8-K — Q3 FY2023 (filed 2023-10-10)
Accession: 0000797468-23-000086 | 5 sections | 0 tables

**Tip:** Use `get_filing_section` with a section_id and accession_number above to read section content.

DigestPayload · 770 chars

The Q3 2024 earnings presentation (conference call slides) clearly shows this on Page 9.

From OXY's Q3 2024 earnings deck (filed/presented in November 2024), the CrownRock 4Q24 production guidance slide states:

> "+9 Mboed 4Q24 production guidance increase **(156 to 165 Mboed)**"

The range shown for the 4Q24 CrownRock targeted production was **156 to 165 Mboed**, representing a +9 Mboed increase. The low end is **156 Mboed**.

FINAL ANSWER:
The low end of the targeted CrownRock production range in OXY's 4Q24 production guidance increase (as disclosed in the Q3 2024 earnings conference call slides) was **156 Mboed** (thousand barrels of oil equivalent per day). The full guided range was 156 to 165 Mboed, a +9 Mboed increase from the prior implied 4Q24 level.