BUZZ-Occidental Petroleum down after Q4 loss, revenue misses estimates
ReutersFeb 18, 2025 11:50 PM
Oil and gas producer Occidental Petroleum's OXY.N shares fall 1.3% to $48.22 after the bell
Company posts fourth-quarter loss on environmental liability payment and lower prices
OXY posts fourth-quarter net loss of $297 million compared with profit of $1.03 billion a year ago
However, adj EPS of 80 cents beat analysts' average estimate of 70 cents, according to data compiled by LSEG; beat led by an 18.6% rise in production from the previous year
Revenue misses estimates, coming in at $6.84 billion vs est of $7.05 billion
Also announced two deals to divest some upstream assets for a total of $1.2 billion in the current quarter
Up to session's close, stock is down ~1.2% YTD
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