Occidental Petroleum's Wheeling and Dealing Is Helping Fuel Strong Results
Occidental Petroleum Corporation (OXY) Q3 2024 Earnings Call Transcript
OXY's third-quarter earnings are better than expected. The gains from strong sales volume are partially offset by lower realized commodity prices.
Occidental Petroleum beat third-quarter estimates. TExpansionist monetary policy and low-interest rates may initially boost the stock market, but prolonged policies risk future economic challenges. Occidental received $500 million for its low carbon venture, enhancing its strong secondary recovery business and future profitability.
Occidental Petroleum (OXY) came out with quarterly earnings of $1 per share, beating the Zacks Consensus Estimate of $0.80 per share. This compares to earnings of $1.18 per share a year ago.
Occidental Petroleum Corporation OXY will release earnings results for the third quarter, after the closing bell, on Tuesday, Nov. 12.
Occidental Petroleum reports second-quarter earnings and revenue late Tuesday. The post Warren Buffett's Favorite Energy Stock Is In Debt Reduction Mode.
Occidental Petroleum's third-quarter production is expected to remain strong due to contribution from acquired assets, while the drop in commodity prices is a concern.
Occidental Petroleum (OXY) closed at $51.39 in the latest trading session, marking a +1.96% move from the prior day.
Occidental (OXY) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Occidental (OXY) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
Occidental Petroleum Corporation (Oxy) are embarking on a spectacular venture to reduce greenhouse gas (GHG) emissions in the Permian basin. Warren Buffet is riding along, owning 29% of Oxy stock.