Occidental Petroleum Corp
OXY: XNYS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| $p | LOCK|<dQ | LOCK|XCN |
Occidental Earnings: Higher Production Drives Outperformance
Occidental reported adjusted EBITDA of $5.6 billion versus $4.7 billion S&P consensus. Production came in at 1,433 thousand barrels of oil equivalent per day, 23 mboe/d higher than guidance. Cost efficiencies also lifted performance.
