Occidental Petroleum Corporation (NYSE:OXY) Q1 2024 Earnings Call Transcript

David Deckelbaum: Appreciate that. And then maybe just a follow-up on the discussion around deleveraging and noncore asset sales. It sounds like on this call, you might be emphasizing more the cash flow returns that you would be otherwise receiving from some of these assets that maybe the market has flagged as the divestiture candidates. Is that the intention here in signaling that you intend to delever more organically in that noncore asset sales either theoretically would be higher in dollar value to reflect that cash flow contribution or might take longer to materialize?

Vicki Hollub: I don’t think that’s what we intended to say. That was not the message we intended to give. When we talk about the fact that we will evaluate everything from a value perspective. What we want to do is just ensure that we’re making the right decisions and divestitures of noncore areas is something that we want to do. And we believe that based on the interest that we’re seeing that we should be able to achieve.

Operator: In the interest of time, this concludes our question-and-answer session. I would like to turn the conference back over to Vicki Hollub for any closing remarks.

Vicki Hollub: I’d just like to thank you all for your questions and for joining our call. Have a great rest of your today.

Operator: The conference has now concluded. Thank you for attending today’s presentation. You may now disconnect.