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Barchart
Barchart
Neha Panjwani

What to Expect From Occidental Petroleum's Next Quarterly Earnings Report

Occidental Petroleum Corporation (OXY), headquartered in Houston, Texas, acquires, explores, and develops oil and gas properties. Valued at $48.8 billion by market cap, the company also manufactures and markets a variety of basic chemicals, vinyls and performance chemicals. The oil giant is expected to announce its fiscal fourth-quarter earnings for 2024 after the market closes on Tuesday, Feb. 18.

Ahead of the event, analysts expect OXY to report a profit of $0.65 per share on a diluted basis, down 12.2% from $0.74 per share in the year-ago quarter. The company has beat or matched Wall Street’s EPS estimates in its last four quarterly reports. 

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