No. of Recommendations: 10
' Record free cash flow before working capital of $13.6 B
' Record net income of $12.5 B1 and ROCE of 28%2
' Retired >$10.5 B of debt and eliminated >$400 MM per annum of interest and finance expenses
' Completed $3.0 B share repurchase program
' Record OxyChem EBIT of $2.5 B
' Record Delaware Basin well productivity ' program 30-day IP rates
' Strong execution drove high-return, Permian production growth of 90 Mboed
' Proved reserves increased to ~3.8 billion BOE with a 172% RRR
' Tie-back execution drove multiple GoM platform production milestones
' Significantly reduced methane emissions and U.S. operations achieved zero routine flaring
' Construction underway on DAC 1
' Secured approximately 265k acres/414 mi2 of land/pore space for Gulf Coast sequestration hubs
' Signed multiple CDR credit purchase agreements
oxy.com - Quarterly earningsSlide 13 addresses a plan to begin partial redemption of Berkshire's preferred equity starting in 2023.
