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Occidental Petroleum Reports $297 Million Quarterly Loss
By USinMinutes - Feb 18, 2025, 04:20 PM ET
Last Updated - Feb 19, 2025, 03:57 AM EST
The company records $6.8 billion revenue for Q4 ended Dec 31, 2024
OCCIDENTAL PETROLEUM CORP /DE/ [OXY-WT] reported $297 million loss for Q4 ended Dec 31, 2024, showing a decrease of $1.3 million from the previous quarter.
The company revealed in its 8-K filing to the SEC dated Feb 18, 2025 that it generated revenue of $6.8 billion for the period, showing a decrease of $-413,000 from the previous quarter.
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Based in Houston, Texas, the company reported $0.3 earnings per share for the period, compared to $1 in the last quarter.
The company's loss decreased by 130.8% from $964 million in the last quarter.
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The revenue decreased 9.2% from $7.5 billion in the same quarter of the previous year.
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