OXYCHEM Market Analysis and Guidance
FINANCIALS
THIRD QUARTER AND FULL-YEAR 2023 GUIDANCE
OIL & GAS A
MIDSTREAM²
14
3Q23
FY 2023
Total Company Production (Mboed)
Permian Production (Mboed)
1,166 - 1,206
1,185 - 1,235
Pre-tax Income
3Q23
$(170) - $(70) MM $(325) - $(175) MM
FY 2023
568-588
571 - 589
Midland - MEH Spread $ / bbl.
$0.15 - $0.25
$0.15 - $0.25
Rockies & Other Production (Mboed)
239-251
252 - 264
DD&A
3Q23
FY 2023
Gulf of Mexico Production (Mboed)
125-141
142-154
Oil & Gas $/ bbl.
~$13.90
~$13.80
International Production (Mboed)
226-234
220-228
OxyChem, Midstream, & Corporate
~$800 MM
Domestic Operating Cost $ / boe
~$10.50
-$9.70
Domestic Transportation Cost $ / boe
~$3.85
CORPORATE
3Q23
FY 2023
Total Company Production Oil %
~51.5
~52.5
Domestic Tax Rate
22%
Total Company Production Gas %
~25.3
~24.7
International Tax Rate
40%
Exploration Expense¹
$150 MM
$460 MM
Adjusted Effective Tax Rate
≥ 31%
≥ 30%
Overhead Expense³
OXYCHEM
Pre-tax Income
3Q23
FY 2023
~$325 MM
$1.4 - $1.6 B
Total Company Capital Budget
Interest Expense4
~$2.4 B
~$0.9 B
$5.4 - $6.2 B
1EXPLORATION EXPENSE INCLUDES EXPLORATION OVERHEAD 2GUIDANCE INCLUDES OXY'S PORTION OF WES ADJUSTED INCOME BASED ON LAST FOUR PUBLICLY AVAILABLE QUARTERS;
QUARTERLY GUIDANCE AVERAGES THE QUARTERS; ANNUAL GUIDANCE IS THE SUM OF THE QUARTERS 3OVERHEAD EXPENSE IS DEFINED AS SG&A AND OTHER OPERATING AND NON-OPERATING
EXPENSES, AND ADJUSTED FOR ITEMS AFFECTING COMPARABILITY 4INTEREST EXPENSE EXCLUDES INTEREST INCOME AND ASSUMES CURRENT DEBT MATURITY SCHEDULE
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