Occidental Posts Mixed Q4 Results
Occidental Petroleum delivered higher-than-expected earnings per share in Q4 2024 despite revenue falling slightly short of projections.
Occidental Petroleum (NYSE:OXY), 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%. Revenue came in at $6.8 billion, slightly below analyst estimates of $6.9 billion.
Source: Analyst estimates for the quarter provided by FactSet.
Occidental Petroleum, a producer of oil, gas, and chemicals, operates with a significant focus on exploration, development, and manufacturing. Based in the United States, with operations extending to the Middle East and Latin America, its business revolves around hydrocarbon production and chemical manufacturing. A cornerstone of its strategy is oil and gas production efficiency, complemented by a robust competitive strategy in chemical segments. Occidental aims to sustain profitable operations through cost-effective production and strategic market positioning.
