NYSE:OXYOil and Gas
How Investors Are Reacting To Occidental Petroleum (OXY) Earnings Slump Amid Efficiency Gains And Carbon Bets
Occidental Petroleum recently reported past third-quarter results showing higher production efficiency, improved cost control, and debt reduction efforts, even as revenue fell 6.1% and adjusted earnings dropped 36% year over year.
At the same time, the company is accelerating carbon capture and other low-carbon initiatives, highlighting a push to balance traditional oil operations with longer-term energy transition goals despite analyst concerns about future earnings.
Next, we'll examine how...