Occidental Petroleum Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

Core Viewpoint - Occidental Petroleum Corporation is expected to report a significant decline in quarterly earnings and revenue for the fourth quarter compared to the previous year [1]. Financial Performance - Analysts predict Occidental Petroleum will report earnings of 18 cents per share for the fourth quarter, a decrease from 80 cents per share in the same period last year [1]. - The consensus estimate for quarterly revenue is $5.62 billion, down from $6.84 billion a year earlier [1]. Recent Developments - On January 2, Occidental completed the sale of its chemical business, OxyChem, to Berkshire Hathaway [2]. - Following this announcement, Occidental Petroleum shares experienced a slight decline of 0.3%, closing at $45.94 [2].