Occidental Petroleum's Wheeling and Dealing Is Helping Fuel Strong Results
Occidental Petroleum used its gushing free cash flow to strengthen its balance sheet and repaid a total of $4 billion in debt during the period. That included $1.1 billion of debt maturities, all of CrownRock's $1.2 billion of debt that it assumed, and $1.7 billion of the term loans it took out to help finance the CrownRock deal.
Occidental Petroleum: Strong Q3 Doesn't Change The Underlying Story
Occidental Petroleum raises guidance but remains limited by debt and high costs. See why OXY stock is still rated Underweight despite solid results.
Occidental Petroleum earnings top estimates despite fall in oil and gas profit
The proceeds from the sales were used to help bring down Occidental's debt pile that has been fueled in part by a $12 billion purchase of shale producer CrownRock. Long-term debt at the end of the quarter was reduced to $25.46 billion, a fall of $4 billion ...
Q3 2024 Occidental Petroleum Corp Earnings Call
Good afternoon, and welcome to Occidental's third-quarter 2024 earnings conference call. (Operator Instructions) Please note, this event is being recorded. I would now like to turn the conference over to Jordan Tanner, Vice President of Investor Relations. Please go ahead.
Occidental Petroleum Reports Strong Q3 2024 Financial Results
Occidental Petroleum Corp. ( (OXY) ) has released its Q3 earnings. Here is a breakdown of the information Occidental Petroleum Corp. presented
Hosted on MSN1d
Warren Buffett's Favorite Energy Stock Delivers Earnings Beat; Cuts Debt
"The integration of CrownRock is off to a great start in terms of personnel and operations, and we have made significant ...
What's Going On With Occidental Petroleum Shares Wednesday?
Occidental Petroleum reports earnings for the 2024 third-quarter. The company reports sales of $7.15 billion. What To Know: ...
Oil2d
Occidental executives outline conservative spending plans
The recently acquired CrownRock assets are showing solid efficiency gains and it’s likely other U.S. onshore operations ...
Occidental Petroleum beats third-quarter profit estimates on higher production
Oil and gas firm Occidental Petroleum beat Wall Street estimates for third-quarter profit on Tuesday, as higher production ...
Upstream2d
Oxy beats quarterly estimates as production surges following CrownRock acquisition
Upstream depends on being able to display ads on our services in order to finance our journalism.
Occidental Petroleum price target lowered to $65 from $77 at Susquehanna
Susquehanna lowered the firm’s price target on Occidental Petroleum (OXY) to $65 from $77 and keeps a Positive rating on the shares. The ...
Oxy’s Hollub Drills Down on CrownRock Deal, More M&A, Net-zero Oil
Vicki Hollub is leading Occidental Petroleum through the M&A wave while pioneering oil and gas in EOR and DAC towards the goal of net-zero oil.
Seeking Alpha2d
Wall Street Breakfast Podcast: Southwest Airlines Grounds Workforce To Match Capacity
Occidental Petroleum's reports Q3 earnings today. Investors will look for information on debt reduction plans ...
Occidental Petroleum’s Q3 Earnings Beat Overshadowed by Q4 Uncertainty: Hold Rating Issued
J.P. Morgan analyst Arun Jayaram has maintained their neutral stance on OXY stock, giving a Hold rating yesterday. Arun Jayaram’s rating ...