⛽📈💰 Occidental Petroleum Tops Q1 Profit Estimates On Strong Output, Oil Prices
🔹 Summary:
Occidental Petroleum surpassed Wall Street expectations for Q1, posting an adjusted profit of $0.87 per share, beating the $0.77 consensus, driven by higher production and favorable oil and gas pricing.
The strong results reflect sustained momentum in the energy sector as global demand and market conditions lift earnings for major producers.
🔹 Key Points:
• Q1 adjusted profit: $0.87/share vs. $0.77/share expected.
• Boosted by increased production volumes and supportive commodity prices.
• Highlights continued strength in the oil and gas sector despite market volatility.
• Occidental joins peers benefiting from resilient global energy demand.
• Investors watch closely for forward guidance and capital allocation plans.
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