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● ● ● ● NEWS RELEASE Occidental Announces 3rd Quarter 2021 Results OXY Occidental Cash flow from continuing operations of $ 2.9 billion and cash flow from continuing operations before working capital of $ 3.0 billion Efficient deployment of capital spending of $ 656 million , resulting in free cash flow excluding working capital of over $ 2.3 billion Completed large - scale divestiture program with the sale of Ghana in October Repaid $ 4.3 billion of long - term debt and retired $ 750 million of interest rate swaps Earnings per share of $ 0.65 per diluted share and adjusted earnings per share of $ 0.87 per diluted share OxyChem generated record earnings and increased total year pre - tax guidance to $ 1.45 billion Exceeded production guidance midpoint by 15 Mboed , despite impact of Hurricane Ida , with production of 1,160 Mboed from continuing operations HOUSTON - November 4 , 2021 — Occidental ( NYSE : OXY ) today announced net income attributable to common stockholders for the third quarter of 2021 of $ 628 million , or $ 0.65 per diluted share , and adjusted income attributable to common stockholders of $ 836 million , or $ 0.87 per diluted share , compared to a net loss attributable to common stockholders for the prior quarter of $ 97 million , or $ 0.10 per diluted share , and adjusted income attributable to common stockholders of $ 311 million , or $ 0.32 per diluted share . Third quarter after - tax items affecting comparability of $ 208 million included $ 102 million of net derivative mark - to - market losses and $ 69 million of debt tender premiums . " Our strong operational and financial performance continued in the third quarter , " said President and Chief Executive Officer Vicki Hollub . " Our teams ' focus on efficiency has generated record free cash flow before working capital in each quarter this year , allowing us to reduce debt and strengthen our balance sheet . "