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.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
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