Occidental Petroleum Corporation Oil & Gas Exploration and Production Operations and Cost Analysis - Q1, 2017
Summary
Occidental Petroleum Corporation Oil & Gas Exploration and Production Operations and Cost Analysis is the latest report from GlobalData, the industry analysis specialists, that offers comprehensive information on the operational and financial performance of the company. The report is an essential source for key operational metrics, analysis and provides a strategic insight into the company. The report provides an annual and quarterly overview of oil and gas reserves and production, changes in reserves, costs incurred and results of oil and gas operations, acreage and well details, share price performance and key valuation metrics.
Scope
The report provides in-depth analysis and insights into companies’ capital spending, revenues, oil and gas reserves, production, and performance measures. Its scope includes the following -
- The report provides detailed and unique insight information on the key operational metrics. It gives a comprehensive overview of oil and gas production and reserves, costs incurred and results of oil and gas operations, acreage and well details and other performance metrics.
- Provides details with respect to the company’s oil and gas reserves and production information by country. It further consists of in-depth information on the company’s expenditures in relation to the acquisition, exploration and development activities; developed and undeveloped acreage position; key costs and revenue information; and performance metrics of the company as disclosed in its annual reports and regulatory filings.
- Provides a comprehensive overview of the company’s share price performance and key valuation metrics such as market capitalization, enterprise value, EV/Production ($boe/d) and EV/Proved Reserve ($/boe)
- Provides information on key operational and financial metrics on an annual and quarterly basis. The annual information provided is for a five-year period and the quarterly information is for the last five quarters.
*Note:
1. The scope mentioned above is generic and may not apply to all the companies. The report is based on the information disclosed by the companies in their annual and quarterly reports, regulatory filings and other company documents and sources.
2. Quarterly information is provided only for the companies that are December ending and files quarter reports and documents.
3. There can be cases where countries/regions data column/Charts will be blank. This can be due to the fact that the company might have discontinued the reporting of those countries/regions. Information that is not disclosed by the company may not be available in the report.
Reasons to buy
The report will enhance your decision making capability in a more rapid and time sensitive manner. It will allow you to -
- Be up-to-date with the latest information and in-depth analysis of the operational metrics of the company.
- Identify M&A targets from up-to-date information and in-depth analysis on financial and operational metrics of your competitors.
- Rank your performance against other companies in the exploration and production (E&P) sector using operational and financial benchmarking metrics.
- Formulate your strategies based on in-depth analysis of your competitors’ financial and operational data.
- Exploit the strengths and weakness of your closest competitors by comparing and analyzing their financial and operational metrics.
- Establish relative performance among the industry’s players based on key operational and financial measures.
Table of Contents
Table of Contents 2
List of Tables 4
List of Figures 5
Company Snapshot 7
Key Information 7
Company Overview 7
Occidental Petroleum Corporation, Valuation and Financial Data 8
Occidental Petroleum Corporation, Share Price Performance 8
Share Price Performance, Q1, 2016-Q1, 2017 8
Occidental Petroleum Corporation, Key Valuation Metrics 9
Key Valuation Metrics, Q1, 2016-Q1, 2017 9
Occidental Petroleum Corporation, Quarterly Results of Oil & Gas Operations Per boe Produced 10
Results of Oil & Gas Operations Per boe Produced, Q1, 2016-Q1, 2017 10
Results of Oil & Gas Operations Per boe Growth Rates, Q1, 2016-Q1, 2017 11
Occidental Petroleum Corporation, Quarterly E&P Costs Trends 12
Upstream Capital Expenditure, Q1, 2016-Q1, 2017 12
Occidental Petroleum Corporation, Quarterly Production Trends 13
Occidental Petroleum Corporation, Total Oil and Gas Production 13
Total Crude Oil and Natural Gas Production Trend, Q1, 2016-Q1, 2017 13
Total Crude Oil & Natural Gas Production, By Country/Region, Q1, 2016-Q1, 2017 15
Occidental Petroleum Corporation, Crude Oil Production 16
Total Crude Oil Production Trend, Q1, 2016-Q1, 2017 16
Crude Oil Production, By Country/Region, Q1, 2016-Q1, 2017 17
Occidental Petroleum Corporation, Natural Gas Production 18
Total Natural Gas Production Trend, Q1, 2016-Q1, 2017 18
Natural Gas Production, By Country/Region, Q1, 2016-Q1, 2017 19
Occidental Petroleum Corporation, Valuation and Financial Data, 2012-2016 20
Occidental Petroleum Corporation, Share Price Performance, 2012-2016 20
Share Price Performance, 2012-2016 20
Key Valuation Metrics, 2012-2016 21
Occidental Petroleum Corporation, Production and Reserves Trends 22
Total Oil and Gas, Reserves and Production 22
Total Crude Oil and Natural Gas Production and Reserves Trend, 2012-2016 22
Total Crude Oil & Natural Gas Production and Reserves By Country/Region, 2012-2016 24
Total Crude Oil and Natural Gas Reserve Changes, 2012-2016 26
Crude Oil/Liquids Production and Reserve 27
Crude Oil/Liquids Production and Reserve Trend, 2012-2016 27
Crude Oil Production and Reserves By Country/Region, 2012-2016 28
Crude Oil/Liquids Reserve Changes, 2012-2016 30
Natural Gas Production and Reserve 31
Natural Gas Production and Reserve Trend, 2012-2016 31
Natural Gas Production and Reserves, By Country/Region, 2012-2016 32
Natural Gas Reserve Changes, 2012-2016 34
Total Crude Oil and Natural Gas Reserves Life Index 35
Total Crude Oil and Natural Gas Reserves Life Index, 2012-2016 35
Total Crude Oil and Natural Gas Reserves Life Index, By Country/Region, 2012-2016 36
Occidental Petroleum Corporation, E&P Costs Trends 38
Allocation of the Upstream Capital Expenditure 38
Upstream Capital Expenditure, 2012-2016 38
Acquisition Costs By Country/Region, 2012-2016 40
Exploration and Development Costs, By Country/Region, 2012-2016 42
Oil and Gas Cost Per boe, US$/boe 44
Oil and Gas Cost Per boe, US$/boe, 2012-2016 44
Oil and Gas Cost Per boe, US$/boe, By Country/Region, 2012-2016 46
Occidental Petroleum Corporation, Reserve Replacement Ratio 49
Oil and Gas Production Replacement Ratio 49
Oil and Gas Production Replacement Ratio, 2012-2016 49
Oil and Gas Production Replacement Ratio, By Country/Region, 2012-2016 52
Occidental Petroleum Corporation, Results of Oil & Gas Operations Trend 57
Oil and Gas Revenue and Expenses 57
Oil and Gas Revenue and Expenses, 2012-2016 57
Oil and Gas Revenue and Expenses, By Country/Region, 2012-2016 59
Oil and Gas Revenue and Expenses, Per boe 65
Oil and Gas Revenue and Expenses, By boe, 2012-2016 65
Oil and Gas Revenue and Expenses Per boe, By Country/Region, 2012-2016 66
Oil and Gas Performance Metrics 71
Occidental Petroleum Corporation, Land Holdings and Well Data 72
Developed and Undeveloped Acreage 72
Gross and Net Developed and Undeveloped Acreage, 2012-2016 72
Gross and Net Developed and Undeveloped Acreage, By Country/Region, 2012-2016 73
Well Statistics 76
Producible Oil and Gas Well, 2012-2016 76
Producible Oil and Gas Well, By Country/Region, 2012-2016 77
Exploration and Development Wells Drilled, 2012-2016 83
Exploration and Development Wells Drilled, By Country/Region, 2012-2016 85
Recent Developments 87
Occidental Petroleum Corporation - Recent Developments 87
Aug 15, 2017: KBR Awarded PMC Contract For Dalma And H&G Islands Projects For ADNOC 87
Jun 19, 2017: Occidental Petroleum Monetizes Non-Strategic Permian Resources Acreage And Enhances Permian EOR Business Resulting In Higher Net Production 87
May 31, 2017: Occidental Petroleum Appoints Cedric W. Burgher As Chief Financial Officer 88
May 27, 2017: Euronav: VLCC Anne Largest Supertanker To Ever Berth At U.S. Port 89
May 04, 2017: Occidental Petroleum Announces 1st Quarter 2017 Results 89
Mar 02, 2017: Occidental Petroleum relocates investor relations office from New York to Houston 90
Mar 01, 2017: Occidental Petroleum Begins Halting Production At Cano Limon Field After Rebel Attacks 91
Feb 27, 2017: OxyChem And Mexichem Announce Startup Of Their Joint Venture Ethylene Cracker In Ingleside, Texas 91
Feb 17, 2017: ELN Militants Target Colombia's Cano-Limon Covenas Oil Pipeline 91
Feb 09, 2017: Occidental Petroleum Announces 4th Quarter 2016 Results 92
Appendix 95
Methodology 95
Coverage 95
Secondary Research 95
Primary Research 96
Data Information Sources 96
Company Source 96
SEC/Other Regulatory Filings 96
Other Sources 96
Expert Panel Validation 96
Data Definition 97
Oil and Gas Reserves 97
Units of Measure 97
About GlobalData 98
Disclosure 98
Disclaimer 98
List Of Tables
List of Tables
Table 1: Occidental Petroleum Corporation, Key Facts 7
Table 2: Occidental Petroleum Corporation, Share Price Performance, Q1, 2016-Q1, 2017 8
Table 3: Occidental Petroleum Corporation, Key Valuation Metrics, Q1, 2016-Q1, 2017 9
Table 4: Occidental Petroleum Corporation, Results of Oil & Gas Operations Per boe Produced, US$/boe, Q1, 2016-Q1, 2017 10
Table 5: Occidental Petroleum Corporation, Results of Oil & Gas Operations Per boe Growth Rates, %, Q1, 2016-Q1, 2017 11
Table 6: Occidental Petroleum Corporation, Upstream Capital Expenditure, Q1, 2016-Q1, 2017 12
Table 7: Occidental Petroleum Corporation, Total Crude Oil and Natural Gas, Production, Q1, 2016-Q1, 2017 14
Table 8: Occidental Petroleum Corporation, Total Oil & Gas Production, By Country/Region, mmboe, Q1, 2016-Q1, 2017 15
Table 9: Occidental Petroleum Corporation, Total Crude Oil Production, mmbbl, Q1, 2016-Q1, 2017 16
Table 10: Occidental Petroleum Corporation, Crude Oil Production, By Country/Region, mmbbl, Q1, 2016-Q1, 2017 17
Table 11: Occidental Petroleum Corporation, Total Natural Gas Production, bcf, Q1, 2016-Q1, 2017 18
Table 12: Occidental Petroleum Corporation, Natural Gas Production, By Country/Region, bcf, Q1, 2016-Q1, 2017 19
Table 13: Occidental Petroleum Corporation, Share Price Performance, 2012-2016 20
Table 14: Occidental Petroleum Corporation, Key Valuation Metrics, 2012-2016 21
Table 15: Occidental Petroleum Corporation, Total Crude Oil and Natural Gas, Production and Reserves, mmboe, 2012-2016 23
Table 16: Occidental Petroleum Corporation, Total Crude Oil & Natural Gas Production and Reserves, By Country/Region, mmboe, 2012-2016 25
Table 17: Occidental Petroleum Corporation, Total Crude Oil and Natural Gas Reserve Changes, mmboe, 2012-2016 26
Table 18: Occidental Petroleum Corporation, Crude Oil Production and Reserves Metrics, mmbbl, 2012-2016 27
Table 19: Occidental Petroleum Corporation, Crude Oil Production and Reserves, By Country/Region, mmbbl, 2012-2016 29
Table 20: Occidental Petroleum Corporation, Crude Oil Reserve Changes, mmbbl, 2012-2016 30
Table 21: Occidental Petroleum Corporation, Natural Gas Production and Reserves Metrics, bcf, 2012-2016 31
Table 22: Occidental Petroleum Corporation, Natural Gas Production and Reserves, By Country/Region, bcf, 2012-2016 33
Table 23: Occidental Petroleum Corporation, Natural Gas Reserve Changes, bcf, 2012-2016 34
Table 24: Occidental Petroleum Corporation, Oil and Gas Reserves Life Index, Years, 2012-2016 35
Table 25: Occidental Petroleum Corporation, Oil and Gas Reserves Life Index, By Country/Region, Years, 2012-2016 37
Table 26: Occidental Petroleum Corporation, Upstream Capital Expenditure, US$ mil, 2012-2016 39
Table 27: Occidental Petroleum Corporation, Proved and Unproved Acquisition Costs, By Country/Region, US$ mil, 2012-2016 41
Table 28: Occidental Petroleum Corporation, Exploration and Development Costs, By Country/Region, US$ mil, 2012-2016 43
Table 29: Occidental Petroleum Corporation, Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, 2012-2016 45
Table 30: Occidental Petroleum Corporation, Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, By Country/Region, 2012-2016 48
Table 31: Occidental Petroleum Corporation, Oil and Gas Production Replacement Ratio, %, 2012-2016 50
Table 32: Occidental Petroleum Corporation, 3-Year Wt.Avg. Oil and Gas Production Replacement Ratio, By Country/Region, %, 2012-2016 55
Table 33: Occidental Petroleum Corporation, Revenue and Expenses, US$ mil, 2012-2016 58
Table 34: Occidental Petroleum Corporation, Revenue and Expenses, By Country/Region, US$ mil, 2012-2016 63
Table 35: Occidental Petroleum Corporation, Oil and Gas Revenue and Expenses, US$/boe, 2012-2016 65
Table 36: Occidental Petroleum Corporation, Oil and Gas Revenue and Expenses, US$/boe, By Country/Region, 2012-2016 69
Table 37: Occidental Petroleum Corporation, Oil and Gas Performance Metrics, 2012-2016 71
Table 38: Occidental Petroleum Corporation, Land Holdings (Developed and Undeveloped Acreage), Acres, 2012-2016 72
Table 39: Occidental Petroleum Corporation, Land Holdings (Developed and Undeveloped Acreage), By Country/Region, Acres, 2012-2016 75
Table 40: Occidental Petroleum Corporation, Producible Oil and Gas Wells, 2012-2016 76
Table 41: Occidental Petroleum Corporation, Producible Oil and Gas Wells, By Country/Region, 2012-2016 81
Table 42: Occidental Petroleum Corporation, Exploratory and Developed Wells, 2012-2016 84
Table 43: Occidental Petroleum Corporation, Exploratory and Developed Wells, By Country/Region, 2012-2016 85
List Of Figures
List of Figures
Figure 1: Occidental Petroleum Corporation, Share Price Performance, USD/Share, Q1, 2016-Q1, 2017 8
Figure 2: Occidental Petroleum Corporation, Key Valuation Metrics, EV/Production ($/boed), EV/Proved Reserve ($/boe), Q1, 2016-Q1, 2017 9
Figure 3: Occidental Petroleum Corporation, Results of Oil & Gas Operations Per boe Produced, US$/boe, Q1, 2016-Q1, 2017 10
Figure 4: Occidental Petroleum Corporation, Upstream Capital Expenditure, US$ mil, Q1, 2016-Q1, 2017 12
Figure 5: Occidental Petroleum Corporation, Total Crude Oil and Natural Gas, Production, mmboe, Q1, 2016-Q1, 2017 13
Figure 6: Occidental Petroleum Corporation, Total Oil & Gas Production, By Country/Region, mmboe, Q1, 2016-Q1, 2017 15
Figure 7: Occidental Petroleum Corporation, Total Crude Oil Production, mmbbl, Q1, 2016-Q1, 2017 16
Figure 8: Occidental Petroleum Corporation, Crude Oil Production, By Country/Region, mmbbl, Q1, 2016-Q1, 2017 17
Figure 9: Occidental Petroleum Corporation, Total Natural Gas Production, bcf, Q1, 2016-Q1, 2017 18
Figure 10: Occidental Petroleum Corporation, Natural Gas Production, By Country/Region, bcf, Q1, 2016-Q1, 2017 19
Figure 11: Occidental Petroleum Corporation, Share Price Performance, USD/Share, 2012-2016 20
Figure 12: Occidental Petroleum Corporation, Key Valuation Metrics, EV/Production ($/boed), EV/Proved Reserve (US$/boe), 2012-2016 21
Figure 13: Occidental Petroleum Corporation, Total Crude Oil and Natural Gas, Production and Reserves, mmboe, 2012-2016 22
Figure 14: Occidental Petroleum Corporation, Total Oil & Gas Reserves, End of Period, By Country/Region, mmboe, 2012-2016 24
Figure 15: Occidental Petroleum Corporation, Total Oil & Gas Production, By Country/Region, mmboe, 2012-2016 24
Figure 16: Occidental Petroleum Corporation, Total Crude Oil and Natural Gas Reserve Changes, mmboe, 2016 26
Figure 17: Occidental Petroleum Corporation, Crude Oil Production and Reserves Metrics, mmbbl, 2012-2016 27
Figure 18: Occidental Petroleum Corporation, Oil Reserves, End of Period, By Country/Region, mmbbl, 2012-2016 28
Figure 19: Occidental Petroleum Corporation, Oil Production, By Country/Region, mmbbl, 2012-2016 28
Figure 20: Occidental Petroleum Corporation, Crude Oil Reserve Changes, mmbbl, 2016 30
Figure 21: Occidental Petroleum Corporation, Natural Gas Production and Reserves Metrics, bcf, 2012-2016 31
Figure 22: Occidental Petroleum Corporation, Gas Reserves, End of Period, By Country/Region, bcf, 2012-2016 32
Figure 23: Occidental Petroleum Corporation, Gas Production, By Country/Region, bcf, 2012-2016 32
Figure 24: Occidental Petroleum Corporation, Natural Gas Reserve Changes, bcf, 2016 34
Figure 25: Occidental Petroleum Corporation, Oil and Gas Reserves Life Index, Years, 2012-2016 35
Figure 26: Occidental Petroleum Corporation, Gas Reserve Life Index, By Country/Region, Years, 2012-2016 36
Figure 27: Occidental Petroleum Corporation, Oil & Gas Reserve Life Index, By Country/Region, Years, 2012-2016 36
Figure 28: Occidental Petroleum Corporation, Oil Reserve Life Index, By Country/Region, Years, 2012-2016 37
Figure 29: Occidental Petroleum Corporation, Upstream Capital Expenditure, US$ mil, 2012-2016 38
Figure 30: Occidental Petroleum Corporation, Proved Acquisition Costs, By Country/Region, US$ mil, 2012-2016 40
Figure 31: Occidental Petroleum Corporation, Unproved Acquisition Costs, By Country/Region, US$ mil, 2012-2016 40
Figure 32: Occidental Petroleum Corporation, Development Costs, By Country/Region, US$ mil, 2012-2016 42
Figure 33: Occidental Petroleum Corporation, Exploration Costs, By Country/Region, US$ mil, 2012-2016 42
Figure 34: Occidental Petroleum Corporation, 3-Year Wt.Avg., Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, 2012-2016 44
Figure 35: Occidental Petroleum Corporation, Oil & Gas Finding & Development Cost/boe, 3-Year Average, By Country/Region, $/boe, 2012-2016 46
Figure 36: Occidental Petroleum Corporation, Oil & Gas Finding Cost per boe, 3-Year Average, By Country/Region, $/Boe, 2012-2016 46
Figure 37: Occidental Petroleum Corporation, Reserve Replacement Cost per boe, 3-Year Average, By Country/Region, $/boe, 2012-2016 47
Figure 38: Occidental Petroleum Corporation, 3-Year Wt.Avg., Oil and Gas Production Replacement Ratio, %, 2012-2016 49
Figure 39: Occidental Petroleum Corporation, 3-Year Wt. Avg. Gas F&D Production Replacement, By Country/Region, %, 2012-2016 52
Figure 40: Occidental Petroleum Corporation, 3-Year Wt. Avg. Gas RRC Production Replacement, By Country/Region, %, 2012-2016 52
Figure 41: Occidental Petroleum Corporation, 3-Year Wt. Avg. Oil & Gas F&D Production Replacement, By Country/Region, %, 2012-2016 53
Figure 42: Occidental Petroleum Corporation, 3-Year Wt. Avg. Oil & Gas RRC Production Replacement, By Country/Region, %, 2012-2016 53
Figure 43: Occidental Petroleum Corporation, 3-Year Wt. Avg. Oil F&D Production Replacement, By Country/Region, %, 2012-2016 54
Figure 44: Occidental Petroleum Corporation, 3-Year Wt. Avg. Oil RRC Production Replacement, By Country/Region, %, 2012-2016 54
Figure 45: Occidental Petroleum Corporation, Revenue and Expenses, US$ mil, 2012-2016 57
Figure 46: Occidental Petroleum Corporation, Depreciation, Depletion and Amortization From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2012-2016 59
Figure 47: Occidental Petroleum Corporation, Exploration Expenses, By Country/Region, US$ mil, 2012-2016 59
Figure 48: Occidental Petroleum Corporation, Income Tax Provision (Benefit) From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2012-2016 60
Figure 49: Occidental Petroleum Corporation, Net Income/ Loss From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2012-2016 60
Figure 50: Occidental Petroleum Corporation, Oil & Gas Revenue, By Country/Region, US$ mil, 2012-2016 61
Figure 51: Occidental Petroleum Corporation, Profit (loss) Before Taxation From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2012-2016 61
Figure 52: Occidental Petroleum Corporation, Production Costs, By Country/Region, US$ mil, 2012-2016 62
Figure 53: Occidental Petroleum Corporation, Total Expenses From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2012-2016 62
Figure 54: Occidental Petroleum Corporation, Oil and Gas Revenue and Expenses, US$/boe, 2012-2016 65
Figure 55: Occidental Petroleum Corporation, Income Tax/(Benefit) per boe, By Country/Region, $/boe, 2012-2016 66
Figure 56: Occidental Petroleum Corporation, Lifting Cost per boe, By Country/Region, $/boe, 2012-2016 66
Figure 57: Occidental Petroleum Corporation, Annual Net Income per boe, By Country/Region, $/boe, 2012-2016 67
Figure 58: Occidental Petroleum Corporation, Oil & Gas Revenue per boe, By Country/Region, $/boe, 2012-2016 67
Figure 59: Occidental Petroleum Corporation, Total DD&A per boe, By Country/Region, $/boe, 2012-2016 68
Figure 60: Occidental Petroleum Corporation, Total Revenue per boe, By Country/Region, $/boe, 2012-2016 68
Figure 61: Occidental Petroleum Corporation, Oil and Gas Performance Metrics, 2012-2016 71
Figure 62: Occidental Petroleum Corporation, Land Holdings (Developed and Undeveloped Acreage), Acres, 2012-2016 72
Figure 63: Occidental Petroleum Corporation, Total Gross Undeveloped Acreage, By Country/Region, Acres, 2012-2016 73
Figure 64: Occidental Petroleum Corporation, Total Net Undeveloped Acreage, By Country/Region, Acres, 2012-2016 73
Figure 65: Occidental Petroleum Corporation, Total Gross Developed Acreage, By Country/Region, Acres, 2012-2016 74
Figure 66: Occidental Petroleum Corporation, Total Net Developed Acreage, By Country/Region, Acres, 2012-2016 74
Figure 67: Occidental Petroleum Corporation, Producible Oil and Gas Wells, 2012-2016 76
Figure 68: Occidental Petroleum Corporation, Gross Productive Gas Wells, By Country/Region, Number, 2012-2016 77
Figure 69: Occidental Petroleum Corporation, Gross Productive Oil & Gas Wells, By Country/Region, Number, 2012-2016 77
Figure 70: Occidental Petroleum Corporation, Gross Productive Oil Wells, By Country/Region, Number, 2012-2016 78
Figure 71: Occidental Petroleum Corporation, Net/Gross Oil & Gas Ratio, By Country/Region, %, 2012-2016 78
Figure 72: Occidental Petroleum Corporation, Net Productive Gas Wells, By Country/Region, Number, 2012-2016 79
Figure 73: Occidental Petroleum Corporation, Net Productive Oil & Gas Wells, By Country/Region, Number, 2012-2016 79
Figure 74: Occidental Petroleum Corporation, Net Productive Oil Wells, By Country/Region, Number, 2012-2016 80
Figure 75: Occidental Petroleum Corporation, Exploratory and Developed Wells, 2012-2016 83
