Says seeking to reduce debt next year even if oil prices are low. Sees 10% cost improvement in Midland Basin in 2025. Says President-elect Donald Trump will be “very positive” for U.S. oil sector. Says no significant safety incidents with Crown product as far back as a December deal analysis. Says “fully committed” to achieving medium-term principal debt target off $15B. Comments taken from Q3 earnings conference call.
Pick the best stocks and maximize your portfolio:
- Discover top-rated stocks from highly ranked analysts with Analyst Top Stocks!
- Easily identify outperforming stocks and invest smarter with Top Smart Score Stocks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on OXY:
- Occidental Petroleum price target raised to $71 from $70 at Stephens
- OXY Earnings: Occidental Petroleum Smashes EPS Estimates
- Occidental Petroleum reports Q3 EPS $1.00, consensus 74c
- Occidental Petroleum sees Q4 total production 1.43-1.47Mboed
- Occidental Petroleum call volume above normal and directionally bullish