Occidental Petroleum reports Q4 adjusted EPS 74c, consensus 71c

Reports Q4 revenue $7.53B, consensus $6.95B. Total company production of 1,234 Mboed exceeded the mid-point of guidance by 8 Mboed, overcoming a third-party outage in eastern Gulf of Mexico. “Our teams performed exceptionally well during the fourth quarter of 2023, concluding another year of operational excellence across all three business segments,” said President and Chief Executive Officer Vicki Hollub. “We are continuing to focus on delivering long-term value for our shareholders through the 22% increase in our dividend and strategic transactions to high-grade our domestic portfolio and advance our low-carbon initiatives, including the closing of the Carbon Engineering acquisition.”