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Occidental reports quarterly profit beat #oott https://t.co/zgNgOd0i19
Occidental Petroleum Corp $OXY Q1 Earnings: - Diluted EPS of $0.77 - Adjusted Diluted EPS of $0.87 - Total Revenue of $6.803 billion "In the first quarter, our teams’ sustained focus on operational excellence unlocked additional efficiencies and supported the delivery of https://t.co/LvtOyjem9l
Occidental Petro beats by $0.09, reports revs in-line; Reduces mid-point of 2025 capex guidance by $200 mln $OXY
Occidental Petroleum Corporation (OXY) reported its first-quarter 2025 earnings, surpassing analyst expectations. The company posted an adjusted earnings per share (EPS) of $0.87, beating the estimated $0.78 and the reported diluted EPS of $0.77. Total revenue for the quarter was $6.80 billion, slightly below the estimated $6.96 billion. Capital expenditures (CapEx) were $1.91 billion, marginally above the forecasted $1.89 billion. Occidental's average global production reached 1,391 thousand barrels of oil equivalent per day (MBOED), with a second-quarter production outlook between 1,377 and 1,417 MBOED. The company also reduced the midpoint of its 2025 CapEx guidance by $200 million, reflecting a focus on operational efficiencies and cost management.
