About this content About William Farrington William kickstarted his career as a researcher and reporter for a global legal publication, covering everything from public law to M&A. Before moving to Proactive Investors, he worked as a reporter for a major fintech company with a focus on cryptocurrency and blockchain technology. Harking from Queensland, Australia, William obtained first-class honours in journalism and media from Birkbeck University before going on to complete an MA in creative and critical ...

Warren Buffett's company, Berkshire Hathaway (BRK.A 0.51%) (BRK.B 0.63%), has famously avoided paying dividends. It has other priorities for the cash it generates, including investing it in buying shares of other companies. One of Berkshire's biggest investments has been in oil giant Occidental Petroleum (OXY 0.68%).While Buffett doesn't want to pay dividends to his investors, they are becoming Occidental's top priority. It has grown its payout rapidly in recent years, which will likely continue.Building ba ...

Occidental Petroleum (OXY 4.90%) is a unique oil stock. It's not a fully integrated energy company like Exxon or Chevron since it doesn't operate refineries. However, it's not a pure-play independent producer, either, since it has three other business segments (chemicals, midstream, and lower carbon).That diversification paid off in 2023 as the company's chemicals segment had a strong year. It showcases the company's differentiated strategy, which will become a more apparent growth catalyst in the coming ye ...

OIL & GAS UPDATE First 6-Month Cumulative Production, Mboe 0 250 500 750 1,000 #4 #8 8 Cash Flow and Shareholder Return Priorities Transaction Summary Regulatory Update 2024 CASH FLOW PRIORITIES Apply technical and operational excellence to preserve and enhance premier asset base in support of a sustainable and growing dividend + | --- | --- | |-------|----------------------------------------------------------------------------------------------------------| | | Debt Reduction Lower expenses and improve bal ...

Occidental Petroleum Corporation (NYSE:OXY) Q4 2023 Earnings Conference Call February 15, 2024 1:00 PM ET Company Participants Jordan Tanner - Vice President, Investor Relations Vicki Hollub - President and CEO Sunil Mathew - Senior Vice President and CFO Richard Jackson - President, Operations, U.S. Onshore Resources and Carbon Management Ken Dillon - Senior Vice President and President, International Oil and Gas Operations Conference Call Participants Neil Mehta - Goldman Sachs Doug Leggate - Bank of Amer ...

Occidental Petroleum Corporation (OXY) reported fourth-quarter 2023 earnings of 74 cents per share, which was on par with the Zacks Consensus Estimate. In the year-ago quarter, the company recorded earnings of $1.61.2023 earnings were $3.70 compared with $9.35 in the prior-year period.Total RevenuesOccidental's total revenues came in at $7.52 billion, which surpassed the Zacks Consensus Estimate of $7.13 billion by 5.5%. The top line declined 9.6% year over year.Occidental's 2023 total revenues came in at $ ...

Key PointsOccidental Petroleum had another solid quarter, beating the analysts' estimates. The company continues to pay down debt, repurchase shares and pay dividends, issuing a 20% distribution increase for 2024. The stock is in deep value territory and may advance 15% to 30% soon. 5 stocks we like better than Occidental PetroleumThe Occidental Petroleum NYSE: OXY investment thesis has been getting more bullish over the last two years, setting the stock up for a substantial rally. Q4 results aside, the mar ...

For the quarter ended December 2023, Occidental Petroleum (OXY) reported revenue of $7.53 billion, down 9.6% over the same period last year. EPS came in at $0.74, compared to $1.61 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $7.14 billion, representing a surprise of +5.47%. The company has not delivered EPS surprise, with the consensus EPS estimate being $0.74.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall St ...

Occidental Petroleum (OXY) came out with quarterly earnings of $0.74 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $1.61 per share a year ago. These figures are adjusted for non-recurring items.A quarter ago, it was expected that this oil and gas exploration and production company would post earnings of $0.89 per share when it actually produced earnings of $1.18, delivering a surprise of 32.58%.Over the last four quarters, the company has surpassed consensus EPS estimate ...

Occidental Petroleum Corporation (OXY) is scheduled to release fourth-quarter 2023 results on Feb 14, after market close. In the last reported quarter, the company delivered an earnings surprise of 32.58%.Let’s discuss the factors that are likely to be reflected in the upcoming quarterly results.Factors to ConsiderOccidental’s fourth-quarter result is likely to be boosted by strong performance from its Permian Basin assets, despite hailstorms in the Delaware Basin that caused power interruptions early in Oc ...