Occidental Petroleum's Wheeling and Dealing Is Helping Fuel Strong Results
OXY(OXY) The Motley Fool·2024-11-14 18:08
Occidental Petroleum (OXY 1.65%) expected its acquisition of CrownRock to move the needle for investors. So far, so good for the oil giant. It delivered robust free cash flow during the third quarter, which allowed it to continue strengthening its balance sheet. Here's a closer look at the quarter and what's ahead for the oil company.Drilling down into Occidental Petroleum's third-quarter resultsOccidental Petroleum produced $977 million, or $1 per share, of adjusted net income during the third quarter. Tha ...