Occidental Posts Mixed Q4 Results
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.
Source Fool.com
Occidental Petroleum Corp. Stock
Currently there is a rather positive sentiment for Occidental Petroleum Corp. with 16 Buy predictions and 7 Sell predictions.
With a target price of 47 € there is a positive potential of 34.36% for Occidental Petroleum Corp. compared to the current price of 34.98 €.
