Summary
Occidental Petroleum Misses
Occidental Petroleum (OXY) reported 4th Quarter December 2022 earnings of $1.61 per share on revenue of $8.3 billion. The consensus earnings estimate was $1.83 per share on revenue of $8.7 billion. The Earnings Whisper number was $2.03 per share. Revenue grew 3.9% on a year-over-year basis.
Occidental Petroleum Corp is a multinational organization whose subsidiaries and affiliates operate in the oil and gas, chemical and midstream, marketing & other segments.
Results
Reported Earnings
$1.61
Earnings Whisper
$2.03
Consensus Estimate
$1.83
Reported Revenue
$8.33 Bil
Revenue Estimate
$8.66 Bil
Growth
Earnings Growth
Revenue Growth
Earnings Release
Occidental Announces Fourth Quarter 2022 Results
HOUSTON, Feb. 27, 2023 (GLOBE NEWSWIRE) -- Occidental (NYSE:OXY) today announced its fourth quarter 2022 financial results. The earnings release and accompanying financial schedules can be accessed via the Investor Relations section of the company’s website, oxy.com. The earnings release is also available on the U.S. Securities and Exchange Commission’s website at sec.gov.
The company will hold a conference call to discuss the results on Tuesday, February 28, 2023, at 1 p.m. Eastern/12 p.m. Central. The conference call may be accessed by calling 1-866-871-6512 (international callers dial 1-412-317-5417) or via webcast at oxy.com/investors. Participants may pre-register for the conference call at https://dpregister.com/sreg/10173524/f531c7c588. A recording of the webcast will be posted on the Investor Relations section of the company’s website.
About Occidental
Occidental is an international energy company with assets primarily in the United States, the Middle East and North Africa. We are one of the largest oil producers in the U.S., including a leading producer in the Permian and DJ basins, and offshore Gulf of Mexico. Our midstream and marketing segment provides flow assurance and maximizes the value of our oil and gas. Our chemical subsidiary OxyChem manufactures the building blocks for life-enhancing products. Our Oxy Low Carbon Ventures subsidiary (OLCV) is advancing leading-edge technologies and business solutions that economically grow our business while reducing emissions. We are committed to using our global leadership in carbon management to advance a lower-carbon world. Visit oxy.com for more information.
Contacts
Source: Occidenta
