Occidental Petroleum Corporation (NYSE:OXY) Q3 2023 Earnings Conference Call November 8, 2023 1:00 PM ET

Company Participants

Neil Backhouse - Head of IR

Vicki Hollub - President and CEO

Richard Jackson - President, Operations, U.S. Onshore Resources and Carbon Management

Rob Peterson - SVP and CFO

Ken Dillon - Senior Vice President and President International Oil and Gas Operations

Mike Avery - President and General Manager of 1PointFive

Conference Call Participants

Nitin Kumar - Mizuho

Neil Mehta - Goldman Sachs

Paul Cheng - Scotiabank

Douglas Leggate - Bank of America

Neal Dingmann - Truist Securities

Matt Portillo - Tudor, Pickering, Holt & Co.

Operator

Good afternoon, and welcome to the Occidental's Third Quarter 2023 Earnings Conference Call. [Operator Instructions] Please note, this event is being recorded.

I would now like to turn the conference over to Neil Backhouse, Vice President of Investor Relations. Please go ahead.

Neil Backhouse

Thank you, Anthony. Good afternoon, everyone, and thank you for participating in Occidental's third quarter 2023 conference call. On the call with us today are Vicki Hollub, President and Chief Executive Officer; Richard Jackson, President, Operations, U.S. Onshore Resources and Carbon Management; Rob Peterson, Executive Vice President, Essential Chemistry; Ken Dillon, Senior Vice President and President International Oil and Gas Operations; and Mike Avery, President and General Manager of 1PointFive.

This afternoon, we will refer to slides available on the Investors section of our website. The presentation includes a cautionary statement on Slide 2 regarding forward-looking statements that will be made on the call this afternoon. We'll also reference a few non-GAAP financial measures today. Reconciliations to the nearest corresponding GAAP measure can be found in the schedules to our earnings release and on our website.

I'll now turn the call over to Vicki. Vicki, please go ahead.

Vicki Hollub

Thank you, Neil, and good afternoon, everyone. The team and I would like to discuss 2 key topics today. First, how our portfolio of assets managed by excellent teams once again drove record performance this quarter, which flowed to the bottom-line. And second, as we promised, an update on 1PointFive and Direct Air Capture, which we expect to play an increasingly important role in our portfolio over time.

One important note before we begin. Rob Peterson, Executive VP of Essential Chemistry, will cover our financial results and guidance today. Senior VP and Chief Financial Officer, Sunil Mathew, is unfortunately attending to a family emergency. We send our thoughts and prayers to Sunil and his family.