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Barchart
Rashmi Kumari

What to Expect From Occidental Petroleum's Q3 2024 Earnings Report

Occidental Petroleum Corporation (OXY), headquartered in Houston, Texas, is a leading energy company specializing in oil, natural gas, and chemical production. With a market cap of $45.80 billion, Occidental operates across the U.S., the Middle East, and Latin America, focusing on sustainable energy solutions and enhanced oil recovery technologies. The company is set to release its Q3 earnings report after the market closes on Tuesday, Nov. 12.

Ahead of the event, analysts expect OXY to report a profit of $0.84 per share, down 28.8% from $1.18 in the year-ago quarter. The company has consistently beaten or matched Wall Street's earnings estimates in the last four quarters. 

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