uploads///OXY Q Post Cash Flow

Did Occidental Petroleum Generate Positive Free Cash Flow?

By

Feb. 16 2018, Updated 7:34 a.m. ET

Occidental Petroleum’s operating cash flow

For 4Q17, Occidental Petroleum (OXY) reported an operating cash flow of ~$1.4 billion, which is marginally higher compared to Wall Street analysts’ expectation. On a year-over-year basis, Occidental Petroleum’s 4Q17 operating cash flow was ~56% higher compared to ~$0.9 billion in 4Q16. Even on a sequential basis, Occidental Petroleum’s 4Q17 operating cash flow was ~27% higher compared to ~$1.1 billion in 3Q17.

Article continues below advertisement

Free cash flow in 4Q17

In 4Q17, Occidental Petroleum spent ~$1.2 billion on capital expenditures. Occidental Petroleum’s free cash flow was positive at ~$257 million. Murphy Oil (MUR) reported ~$7 million in free cash flows in 4Q17. Murphy Oil reported an operating cash flow of ~$310 million in 4Q17, while it spent ~$303 million in capital expenditures in the same quarter.

Cash flows in 2017

For fiscal 2017, Occidental Petroleum reported an operating cash flow of ~$5.0 billion, which was ~47% higher than ~$3.4 billion in 2016. In 2017, Occidental Petroleum spent ~$4.7 billion on capital expenditures. Occidental Petroleum’s 2017 free cash flow was positive at ~$294 million.

Advertisement

More From Market Realist