Occidental Petroleum: Building Momentum Into 2025 (Rating Upgrade)

Core Insights - Occidental Petroleum reported strong Q4 earnings, beating EPS estimates by approximately 11% and generating around $4.4 billion in annualized free cash flow, which represents a 27% year-over-year increase [1] Financial Performance - The company achieved record production levels in the US, contributing to its operational momentum since the CrownRock acquisition [1] - The annualized free cash flow of $4.4 billion indicates robust financial health and operational efficiency [1]