Occidental Petroleum Corporation (OXY) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello and welcome to Occidental's first quarter 2025 earnings conference call. All participants will be in listen-only mode. Should you need assistance, please signal a conference specialist by pressing the star key followed by zero. After today's presentation, there will be an opportunity to ask questions. To ask a question, you may press star then one on your touch-tone phone. To answer your question, please press star then two. Please note, this event is being recorded. I would now like to turn the conference over to Jordan Canis, Vice President of Investor Relations. Please go ahead. Thank you, MJ. Good afternoon, everyone. And thank you for participating in Occidental's first quarter 2025 earnings conference call. On the call with us today are Vicki Holub, President and Chief Executive Officer. Sunil Matthew, Senior Vice President and Chief Financial Officer. Richard Jackson, President, Operations, U.S. Onshore Resources and Carbon Management, and Ken Dillon, Senior Vice President and President, International Oil and Gas Operations. This afternoon, we will refer to slides available on the investor section of our website. The presentation includes a cautionary statement on slide two 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. Thank you, Jordan, and good afternoon, everyone. I'll begin today by highlighting our first quarter performance in which all three segments delivered strong results. Then I'll detail some promising new developments taking shape in Oman. recent debt reduction progress, and how...