Checking up on Occidental's cash flow position During the fourth quarter of 2016, Occidental reported a net loss of $272 million. When converting that into operating cash flow, Occidental added back $1.05 billion from its non-cash DD&A (depreciation, depletion, amortization) expenses and $575 million in non-cash expenses related to asset impairment and other charges, minus a deferred income tax provision of $355 million (which was added to its net income), resulting in operating cash flow before working capital and other effects of $998 million. Including those effects, Occidental generated $921 million in net operating cash flow from its continuing operations. That is a big improvement from the $656 million net operating cash flow Occidental posted in Q3, aided primarily by its global realized crude price jumping by 9% sequentially, or $3.59, to $45.08/barrel.