Occidental Petroleum earnings top estimates despite fall in oil and gas profit
The proceeds from the sales were used to help bring down Occidental's debt pile that has been fueled in part by a $12 billion purchase of shale producer CrownRock. Long-term debt at the end of the quarter was reduced to $25.46 billion, a fall of $4 billion ...
Occidental Petroleum beats third-quarter profit estimates on higher production
Oil and gas firm Occidental Petroleum beat Wall Street estimates for third-quarter profit on Tuesday, as higher production from the $12-billion CrownRock acquisition offset lower prices.
Occidental Petroleum: Forget The Next Quarter
Occidental Petroleum's strong secondary recovery business and low carbon venture are bolstering its profits and future prospects. See more on OXY stock here.
Oxy beats quarterly estimates as production surges following CrownRock acquisition
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Occidental Petroleum 3Q Profit, Revenue Top Expectations
Occidental Petroleum posted third-quarter results ahead of Wall Street estimates, as higher global oil production offset lower commodity prices. The oil-and-gas producer on Tuesday reported net income of $964 million,
Occidental Petroleum Corp. Q3 Profit Decreases, But Beats Estimates
Occidental Petroleum Corp. (OXY) reported earnings for third quarter that decreased from the same period last year but beat the
Occidental Petroleum's Q3 Earnings Beat, Revenues Lag Estimates
OXY's third-quarter earnings are better than expected. The gains from strong sales volume are partially offset by lower realized commodity prices.
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Warren Buffett's Favorite Energy Stock Delivers Earnings Beat; Cuts Debt
"The integration of CrownRock is off to a great start in terms of personnel and operations, and we have made significant ...
Oil1d
Occidental executives outline conservative spending plans
The recently acquired CrownRock assets are showing solid efficiency gains and it’s likely other U.S. onshore operations ...
What's Going On With Occidental Petroleum Shares Wednesday?
Occidental Petroleum reports earnings for the 2024 third-quarter. The company reports sales of $7.15 billion. Occidental ...
Seeking Alpha1d
Wall Street Breakfast Podcast: Southwest Airlines Grounds Workforce To Match Capacity
Occidental Petroleum's reports Q3 earnings today. Investors will look for information on debt reduction plans ...
Oxy’s Hollub Drills Down on CrownRock Deal, More M&A, Net-zero Oil
Vicki Hollub is leading Occidental Petroleum through the M&A wave while pioneering oil and gas in EOR and DAC towards the goal of net-zero oil.
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This Little-Known Private-Equity Firm Booked a 79-Fold Return
The private-equity firm recently sold the shares it received as part of the August sale of its majority stake in oil-and-gas producer CrownRock, notching what is perhaps one of the buyout industry ...
Fox Business5d
occidental petroleum corp. - OXY
Houston-based Occidental Petroleum said it will purchase CrownRock in a $12 billion deal. It expects the transaction to close in the first quarter of 2024. Oil prices are moving higher ahead of ...
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Occidental Stock Dips 15.8% in a Year: How Should You Play?
The company has issued $5 billion of senior unsecured notes to fund the cash consideration of the CrownRock acquisitions. A huge increase in debt was concerning, but Occidental has issued the ...