Occidental Petroleum Corporation (OXY) CEO Vicki Hollub on Q1 2021 Results - Earnings Call Transcript

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Q1: 2021-05-10 Earnings Summary

10-Q
EPS of -$0.15 beats by $0.18 | Revenue of $5.48B (-15.07% Y/Y) beats by $498.29M

Occidental Petroleum Corporation (NYSE:OXY) Q1 2021 Earnings Conference Call May 11, 2021 1:00 PM ET

Company Participants

Jeff Alvarez - Vice President, Investor Relations
Vicki Hollub - President & Chief Executive Officer
Rob Peterson - Senior Vice President & Chief Financial Officer

Conference Call Participants

Dan Boyd - Mizuho
Neal Dingmann - Truist
Doug Leggate - Bank of America
Neil Mehta - Goldman Sachs
Jeanine Wai - Barclays
Devin McDermott - Morgan Stanley
Leo Mariani - KeyBanc
Raphaël Dubois - Société Générale
Paul Cheng - Scotiabank

Operator

Good morning, and welcome to the Occidental’s First Quarter 2021 Earnings Conference Call. All participants will be in listen-only mode. [Operator Instructions] After today’s presentation, there will be an opportunity to ask questions. [Operator instructions] Please note this event is being recorded.

I would now like to turn the conference over to Jeff Alvarez, Vice President of Investor Relations. Please go ahead sir.

Jeff Alvarez

Thank you, Chuck. Good morning, everyone. And thank you for participating in Occidental’s first quarter 2021 conference call. On the call with us today are Vicki Hollub, President and Chief Executive Officer; and Rob Peterson, Senior Vice President and Chief Financial Officer.

This morning we will refer to slides available on the Investor 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 morning.

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

Vicki Hollub

Thank you, Jeff, and good afternoon, everyone. I'd like to start this morning by saying how pleased we are with our first quarter operational and financial performance. The momentum generated by our improved cost structure and capital intensity leadership was a catalyst for our strong results this quarter and is expected to continue to provide a solid foundation for free cash

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