Occidental Petroleum Corporation ($OXY) reported its third-quarter earnings, revealing a diluted earnings per share (EPS) of $0.98 and an adjusted EPS of $1.00, surpassing analyst expectations of $0.74. The company recorded a net income of $964 million and total revenue of $7.154 billion, which fell short of the anticipated $7.231 billion. The results reflect a year-over-year revenue decline of 3.32%. Operating cash flow reached $3.8 billion, marking the highest level for 2024. Capital expenditures were reported at $1.68 billion, slightly below the expected $1.74 billion. Additionally, Occidental's total production averaged 1,412 thousand barrels of oil equivalent per day (MBOED), a 15.7% increase attributed to its CrownRock acquisition. The company projects full-year production from its expanded Permian properties to reach 661,000 barrels of oil and gas per day, up from 588,000 bpd a year ago.