A Closer Look at Occidental Petroleum’s Free Cash Flow in 1Q18
For 1Q18, Occidental Petroleum (OXY) reported operating cash flow of ~$1.01 billion, which is lower than Wall Street analysts’ expectation of ~$1.59 billion. On a year-over-year basis, OXY’s 1Q18 operating cash flow was ~55% higher than the ~$0.65 billion it generated in 1Q17. However, on a sequential basis, OXY’s 1Q18 operating cash flow was ~29% lower than the ~$1.42 billion it generated in 4Q17.