Recap: Occidental Petroleum Q4 Earnings
Portfolio Pulse from Benzinga Insights
Occidental Petroleum (NYSE:OXY) reported Q4 earnings with an EPS of $0.74, beating estimates by 4.23% but with a revenue decrease of $797 million from the previous year. The company has a history of surpassing EPS estimates, which has positively impacted its share price in the past.
February 14, 2024 | 9:25 pm
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Occidental Petroleum reported higher than expected Q4 earnings but with a significant revenue drop from the previous year.
Occidental Petroleum's history of surpassing EPS estimates has previously led to positive movements in its stock price the following day. Despite the revenue drop, the better-than-expected EPS could lead to a short-term positive impact on the stock price, reflecting investor confidence in the company's profitability.
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