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Occidental Petroleum 4Q Revenue Declines but Tops Wall Street's Estimates - MarketWatch

MarketWatch · last updated

Occidental Petroleum 4Q Revenue Declines but Tops Wall Street's Estimates - MarketWatch

By Denny Jacob

Occidental Petroleum posted a decline in revenue in its latest quarter, though the results came in well ahead of Wall Street's estimates.

The oil-and-gas producer logged net income attributable to common shareholders of $1.03 billion, or $1.08 a share, for the fourth quarter, down from $1.73 billion, or $1.74 a share, a year...

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Related Knowledge Center: ENERGY BASICS: petroleum

State of Play

While electric-powered vehicles may be the ride of the future, oil remains at least for now the dominant fuel for transportation around the world. And after a period of time at the end of the 20th century when oil was subject to wide fluctuations in price, new supplies in North America as a result of non-conventional recovery techniques have helped stabilize prices.

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