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
CRM Earnings: Salesforce Q3 revenue up 8.6%; earnings beat estimates
Customer relationship management platform Salesforce, Inc. (NYSE: CRM) on Wednesday reported stronger-than-expected earnings for the third quarter of fiscal 2026. Revenues increased 8.6%. Adjusted net income increased to $3.25 per
Cloud Growth and AI Demand in focus as Oracle gears up for Q2 earnings
Technology giant Oracle Corporation (NYSE: ORCL) began the new fiscal year on a mixed note, reporting Q1 FY26 results that grew year over year but fell short of market expectations.
Key takeaways from Macy’s (M) Q3 2025 earnings report
Shares of Macy’s, Inc. (NYSE: M) gained over 1% in mid-day trade on Wednesday after falling earlier in the day despite the company delivering better-than-expected results for the third quarter
