Shares of Occidental Petroleum Corp OXY climbed in trading on Wednesday, despite a revenue miss in the fourth quarter.
Although the revenue and EPS for Occidental (OXY) give a sense of how its business performed in the quarter ended December 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Warren Buffett's continued investment in Occidental Petroleum highlights its bargain status. Despite declining oil prices, Occidental's cash flow remained stable. Rising natural gas prices and increasing export capacity present a bright outlook for Occidental's future profitability.
Occidental Petroleum (OXY 1.62%), an integrated oil and gas company, announced its fourth-quarter 2024 earnings on Feb. 18, 2025. The company reported adjusted EPS of $0.80, exceeding the market expectation of $0.68 by 17.6%.
Occidental Petroleum (OXY) came out with quarterly earnings of $0.80 per share, beating the Zacks Consensus Estimate of $0.67 per share. This compares to earnings of $0.74 per share a year ago.
Tortoise Senior Portfolio Manager & Managing Director Rob Thummel joins Asking for a Trend to analyze the oil and gas sector, as Occidental (OXY) stock declines while Diamondback Energy (FANG) gains following their respective fourth quarter reports. "Big picture in the oil and gas space right now it's all about capital discipline, it's about returning cash to shareholders," he tells Yahoo Finance.
Occidental Petroleum reported a fourth-quarter loss on Tuesday, as the oil and gas firm was hurt by lower prices.
Occidental Petroleum Corporation OXY will release its fourth-quarter financial results, after the closing bell, on Tuesday, Feb. 18, 2025.
When a stock or cryptocurrency opens at a significantly different price than its previous close, investors face what's known as a "gap" in the market (^DJI, ^IXIC, ^GSPC). These price discontinuities can have meaningful implications for investment portfolios.
Occidental Petroleum Corp OXY will be reporting its fourth-quarter earnings on Tuesday. Wall Street expects 70 cents in EPS and $7.05 billion in revenues as the company reports after market hours.
Occidental Petroleum Corporation OXY will release its fourth-quarter financial results, after the closing bell, on Tuesday, Feb. 18.
Going into the fourth quarter of 2024, Warren Buffett had been a net seller of stocks for eight consecutive quarters. The streak has now increased to nine after Berkshire Hathaway disclosed its Q4 holdings.