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
Our community is currently high on Occidental Petroleum Corp. with 25 Buy predictions and 15 Sell predictions.
However, we have a potential of -2.04% for Occidental Petroleum Corp. as the target price of 46 € is below the current price of 46.96 €.
