Occidental Petroleum reports loss in 4th quarter, but CEO remains optimistic about future.

From Barchart: 2025-04-24 02:38:00

1. Occidental Petroleum Corp announced a 4th quarter net loss of $1.37 billion, compared to a loss of $1.22 billion in the same period last year. The company’s revenue fell to $6.08 billion from $6.88 billion a year earlier.
2. Occidental Petroleum Corp saw its production drop to 1.17 million barrels of oil equivalent per day in the 4th quarter, down from 1.41 million barrels a year earlier. The company also reported impairments of $1.5 billion in the quarter.
3. Occidental Petroleum Corp’s CEO, Vicki Hollub, expressed optimism about the company’s future performance, citing progress in debt reduction and cost savings initiatives. She highlighted the company’s focus on its core assets and commitment to shareholder returns.

Read more at Barchart: What You Need To Know Ahead of Occidental Petroleum’s Earnings Release