From StockTwits: 2025-02-19 02:12:20

Occidental Petroleum (OXY) reported fourth-quarter earnings of $0.80 per share, beating Wall Street’s estimates of $0.67 per share. However, the company’s revenue fell short of expectations, declining by 9% to $6.84 billion compared to analysts’ expected $7.14 billion. Despite the revenue miss, Occidental’s production reached a record 1.46 million boepd, benefiting from the acquisition of CrownRock last year. The company also announced plans to sell non-core assets to help reduce its debt, with Berkshire Hathaway holding a 28% stake in the company. Retail sentiment on Stocktwits for OXY is currently ‘extremely bullish’.



Read more at StockTwits: Occidental Petroleum Stock Falls After Q4 Revenue Miss, Retail Sees Buying Opportunity