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 ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K ☑ Annual Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the fiscal year ended December 31, 2023 For the transition period from to ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Commission File Number 1-9210 Occidental Petroleum Corporation (Exact name of registrant as specified in its charter) | State or other jurisdiction of incorporation or organi ...

Occidental Petroleum Corp (NYSE:OXY) is set to report fourth-quarter earnings after the close on Thursday, Feb. 15. The equity was last seen up 1.1% to trade at $58.09 at last check, but is still under the 60-day moving average, despite a brief foray above the trendline in December. Shares are down 11.6% in the last 12 months, and also carry a slim year-to-date deficit.As far as as post-earnings reactions are concerned, OXY's history is less than stellar. The stock finished five of the past eight next-day s ...

Warren Buffett doesn't mind sitting on the sidelines. That's what he's doing for the most part these days. In 2023, he was a net seller of stocks.However, the legendary investor has added a few stocks to Berkshire Hathaway's portfolio in recent months. There's one that he seems to be especially excited about -- Occidental Petroleum (OXY -1.00%). Buffett is buying this dividend stock hand over fist. Should you?Aggressive buyingBuffett first initiated a position in Occidental in the third quarter of 2019. He ...

Berkshire Hathaway's (BRK.A 0.35%) (BRK.B 0.22%) 2022 re-entry into a position in oil giant Occidental Petroleum (OXY -1.00%) wasn't exactly expected. But investors didn't balk, either. Warren Buffett's owned plenty of energy stocks in the past, after all, and there's no denying the world remains dependent on crude oil.Buffett and his acolytes' decision to reopen an Occidental Petroleum trade -- and add to it in the meantime -- is looking increasingly brilliant. Demand for oil continues to grow despite the ...

As someone who has dabbled with high-stakes assets like cryptocurrencies or options trading, I can tell you that there’s a certain feeling of confidence with long-term stocks to buy that you just don’t get through extreme speculation.Recently, I shared my step-by-step account of trading Biomea Fusion (NASDAQ:BMEA) options. One element that I discovered was the intense emotions that are part and parcel of involvement in the derivatives market. Glued to the trading desk, I was zeroed in on every blip and ever ...