Categories Earnings, Energy

Earnings Summary: Occidental Petroleum reports lower Q3 revenue and adj. profit

Energy company Occidental Petroleum Corporation (NYSE: OXY) has reported a decrease in revenues and adjusted earnings for the third quarter of 2024.

  • Total revenue and other income came in at $7.15 billion in the third quarter, compared to $7.40 billion in the prior year quarter
  • Net income attributable to the company was $964 million in Q3, compared to $1.16 billion in the same period of 2023
  • On a per-share basis, earnings declined to $0.98 in the third quarter from $1.20 a year earlier
  • On an adjusted basis, third-quarter earnings decreased to $1.00 per share from $1.18 per share a year earlier
  • Operating cash flow rose to $3.8 billion during the three months, reflecting strong operational performance
  • Total company production of 1,412 Mboed was up 16% year-over-year, which exceeded the mid-point of the management’s guidance by 22 Mboed

Listen to the conference calls as they happen. Don't miss a beat! With AlphaStreet Intelligence, you can listen to live calls and interviews as they happen, so you never have to worry about missing out on important information.

Most Popular

AAP Earnings: Advance Auto Parts Q3 loss narrows; sales down 3%

Advance Auto Parts, Inc. (NYSE: AAP) on Thursday reported a narrower net loss for the third quarter of 2024, when the automotive parts retailer's sales declined modestly. The company reported

DIS Earnings: All you need to know about Walt Disney’s Q4 2024 earnings results

The Walt Disney Company (NYSE: DIS) reported its fourth quarter 2024 earnings results today. Revenues increased 6% year-over-year to $22.6 billion. Net income attributable to The Walt Disney Company was

CSCO Earnings: Cisco Systems Q1 profit drops, but beats estimates

Network gear maker Cisco Systems Inc. (NASDAQ: CSCO) reported a year-over-year decrease in revenue and earnings for the first quarter of 2025. Earnings topped expectations. The San Jose-headquartered tech firm

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top