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
Earnings Preview: What to look for when Netflix (NFLX) reports Q4 2025 results
Netflix, Inc. (NASDAQ: NFLX) is expected to report Q4 results on January 20, amid expectations for strong revenue and earnings growth. The company is navigating a shifting streaming landscape where
What to look for when United Airlines (UAL) reports its Q4 2025 earnings results
Shares of United Airlines (NASDAQ: UAL) stayed red on Thursday. The stock has gained 15% over the past three months. The airline is scheduled to report its earnings results for
Infographic: How Constellation Brands (STZ) performed in Q3 2026
Constellation Brands, Inc. (NYSE: STZ) reported net sales of $2.22 billion for the third quarter of 2026, down 10% year-over-year. Organic net sales were down 2%. Net income attributable to
