Occidental Petroleum Stock News

Berkshire Hathaway is paring Apple and ordering up Domino's, among other moves.

Occidental Petroleum's impressive 3Q 2024 results include record production of 1.4 million barrels/day and strong FCF of $1.5 billion. The CrownRock acquisition boosts production, with 109k barrels in 3Q 2024 and expected 50% growth in 4Q, enhancing portfolio strength. Financially, Occidental is rapidly de-leveraging, repaying $4 billion in debt, and trading at a double-digit FCF yield, promisi...

Key Points Donald Trump's presidential win is being considered the biggest political comeback ever.

Anyone watching the Occidental Petroleum NYSE: OXY market will know that Warren Buffett has driven the price action. Fundamental qualities aside, Berkshire Hathaway's NYSE: BRK.A stock purchases began in early 2022, coinciding with an updraft in share prices, and have supported the stock numerous times since.

Occidental Petroleum's Wheeling and Dealing Is Helping Fuel Strong Results

Occidental Petroleum Corporation (OXY) Q3 2024 Earnings Call Transcript

Occidental Petroleum beat third-quarter estimates. TExpansionist monetary policy and low-interest rates may initially boost the stock market, but prolonged policies risk future economic challenges. Occidental received $500 million for its low carbon venture, enhancing its strong secondary recovery business and future profitability.

HOUSTON, Nov. 12, 2024 (GLOBE NEWSWIRE) -- Occidental (NYSE: OXY) today announced its third quarter 2024 financial results. The earnings release and accompanying financial schedules can be accessed via the Investor Relations section of the company's website, oxy.com. The earnings release is also available on the U.S. Securities and Exchange Commission's website at sec.gov.