Occidental Petroleum's Wheeling and Dealing Is Helping Fuel Strong Results
Occidental Petroleum used its gushing free cash flow to strengthen its balance sheet and repaid a total of $4 billion in debt during the period. That included $1.1 billion of debt maturities, all of CrownRock's $1.2 billion of debt that it assumed, and $1.7 billion of the term loans it took out to help finance the CrownRock deal.
Occidental Petroleum: Strong Q3 Doesn't Change The Underlying Story
Occidental Petroleum raises guidance but remains limited by debt and high costs. See why OXY stock is still rated Underweight despite solid results.
Q3 2024 Occidental Petroleum Corp Earnings Call
Good afternoon, and welcome to Occidental's third-quarter 2024 earnings conference call. (Operator Instructions) Please note, this event is being recorded. I would now like to turn the conference over to Jordan Tanner, Vice President of Investor Relations. Please go ahead.
Occidental Petroleum Reports Strong Q3 2024 Financial Results
Occidental Petroleum Corp. ( (OXY) ) has released its Q3 earnings. Here is a breakdown of the information Occidental Petroleum Corp. presented
Occidental Petroleum earnings top estimates despite fall in oil and gas profit
Investing.com - Occidental Petroleum posted a decline in profit from its key oil and gas business in the third quarter, but sentiment was still bolstered by stronger-than-anticipated group-wide earnings.
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Warren Buffett's Favorite Energy Stock Delivers Earnings Beat; Cuts Debt
"The integration of CrownRock is off to a great start in terms of personnel and operations, and we have made significant ...
Oil1d
Occidental executives outline conservative spending plans
The recently acquired CrownRock assets are showing solid efficiency gains and it’s likely other U.S. onshore operations ...
Occidental Petroleum Corp (OXY) Q3 2024 Earnings Call Highlights: Record US Production and ...
Occidental Petroleum Corp (OXY) achieves highest quarterly US production in history and repays $4 billion in debt, while ...
Occidental Petroleum Corporation (NYSE:OXY) Q3 2024 Earnings Call Transcript
Q3 2024 Earnings Call Transcript November 13, 2024 Operator: Good afternoon, and welcome to Occidental’s Third Quarter 2024 ...
Upstream1d
Oxy beats quarterly estimates as production surges following CrownRock acquisition
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Wall Street Journal22d
This Little-Known Private-Equity Firm Booked a 79-Fold Return
The private-equity firm recently sold the shares it received as part of the August sale of its majority stake in oil-and-gas producer CrownRock, notching what is perhaps one of the buyout industry ...
Fox Business6d
occidental petroleum corp. - OXY
Houston-based Occidental Petroleum said it will purchase CrownRock in a $12 billion deal. It expects the transaction to close in the first quarter of 2024. Oil prices are moving higher ahead of ...
Nasdaq1mon
Occidental Stock Dips 15.8% in a Year: How Should You Play?
The company has issued $5 billion of senior unsecured notes to fund the cash consideration of the CrownRock acquisitions. A huge increase in debt was concerning, but Occidental has issued the ...
Wall Street Journal11mon
Energy Sector, Japan Are Bright Spots in a Dour Year for Deal Making
Occidental Petroleum is buying CrownRock for about $12 billion. (Kevork Djansezian/Associated Press) In a relatively quiet year for mergers, acquisitions and public offerings, the oil patch and ...
Seeking Alpha2d
Wall Street Breakfast Podcast: Southwest Airlines Grounds Workforce To Match Capacity
Occidental Petroleum's reports Q3 earnings today. Investors will look for information on debt reduction plans ...