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OXY-OCCIDENTAL PETROLEUM CORP

Occidental Petroleum Reports Mixed Fourth-Quarter Earnings as Revenues Decline, Yet Outperforms Profit Estimates Again

Sunday

23 February, 2025

Occidental Petroleum's fourth-quarter results reveal a mixed bag: while adjusted earnings of 80 cents per share exceeded expectations, total revenues fell short, declining 9.2% year-over-year. Can the company's strong cash flow and strategic investments help navigate the challenges of a volatile energy market?

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Key Takeaways
  • Occidental Petroleum's total revenues decreased by 9.2% year-over-year, falling short of market forecasts.
  • The company experienced a GAAP loss of 32 cents per share, contrasting with last year's profit.
  • Production levels did not meet expectations, suggesting operational difficulties.
  • Rising long-term debt raises concerns regarding financial health, despite better cash reserves.
  • Ongoing oil price volatility may impact cash flow and profitability, threatening shareholder returns.
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