I was hoping you could add a little bit of color around the new well design. And if so, can you give us some idea how you see the exit-to-exit as you go into ?
We continue to improve in all of our major areas as we progress our subsurface knowledge and apply innovative technologies to our development programs. The reason that we want to buy back shares is we want to reduce our share count. During the quarter, we exceeded the 80, BOE per day growth target we set for the Permian Resources team in early This transaction preserves all of these objectives while bringing in significant proceeds at a premium valuation.
We happened into an opportunity where it was a win-win for us and the buyers.
Our guidance for has been updated to reflect the transaction close at the end of the third quarter. Our margins are protected through Aventine, our maintenance and logistics hub, and our Midstream business is ensuring we get maximum product realizations.
When others chose to cut or eliminate their dividends or pay scripts, we executed this plan to continue to grow and strengthen our dividend. As I remarked in my opening statements, OXY is generating far greater cash flow than we anticipated this year.
And any inflation or tariff impacts, those kinds of things get offset with this efficiency improvement. On slide 21, we show the well performance results of our extended lateral program in our two core development areas and how both areas are outperforming other operators.
Hebert, President of OxyChem. We are constantly optimizing the balance between growth and capital management to ensure the highest returns for our shareholders. High conviction, long-short, contrarian, long-term horizon Renee began investing as a teenager after generating a handsome gain on her very first trade and continues to invest.
We saw that we had some projects in our portfolio that could never meet our metrics, so we made the decision that, since it was a part of our value proposition, very important to us, the key metric that we use, we started the process of optimizing that portfolio, exiting those, and focusing on the Permian Resources business, which we had begun to realize was of a huge scale, high-quality, high-return projects.
What can you tell us about that? Please go ahead Philip M.
Second question is for Cedric. Similarly, our payback times for projects have improved considerably. Within six months, we can ramp down spending to our sustaining capital level if the environment requires. So the buybacks really are specifically to help us with our dividend growth over time.Occidental Petroleum Corp.
(NYSE:OXY) Q2 Earnings Call August 9, AM ET Executives Jeff Alvarez - Occidental Petroleum Corp.
Vicki A. Hollub - Occidental Petroleum Corp. Cedric W. Consensus Estimates Analysis # of Estimates Mean High Low » View Financial Statements. Performance for Occidental Petroleum Corp.
Occidental Petroleum profit beats expectations on. Occidental Petroleum Corporation Proxy Statement Notice of Annual Meeting of Stockholders Annual Meeting | Friday, May 4, Occidental Petroleum Corporation 5 Proxy Statement Summary Financial Ofﬁcer, Wells Fargo View Ramiz Prasla’s profile on LinkedIn, the world's largest professional community.
Financial Planning & Analysis Occidental Petroleum Title: Financial Planning & Analysis.
Expertise: Foreign exchange, fundamental analysis, financial statement analysis Investment style: High conviction, long-short, contrarian, long-term horizon Renee began investing as a teenager after generating a handsome gain on her very first trade and continues to invest.
Chapter 7 Financial Statement Analysis Case 1 Section Date Occidental Petroleum from ACCOUNTING at Marshall University.Download