Occidental's Financial Performance and Future Outlook
Occidental Reports Impressive First Quarter Results
HOUSTON, May 07, 2025 - Occidental (NYSE: OXY) has announced remarkable financial results for its first quarter of the year, showcasing a commitment to growth and sustainability within the energy sector. As strongly positioned in the marketplace, the company's performance results reflect its ongoing efforts to optimize operations and its pioneering initiatives in carbon management.
Financial Highlights and Earnings Release
The detailed earnings release and financial schedules are accessible through the company’s Investor Relations section on its official website. This not only aids shareholders but also informs interested parties about the company's ongoing financial health. Concurrently, important performance indicators illustrate the robust methodologies employed by Occidental in their operational workflow, ensuring transparency and accountability to stakeholders.
Conference Call Details
To delve deeper into the financial results, Occidental will host a conference call on Thursday at 1 p.m. Eastern/12 p.m. Central. Interested participants can join the conversation by calling 1-866-871-6512 (international callers dial 1-412-317-5417). There’s an option for those who prefer to attend virtually through a webcast on the company’s website. Following the call, a recording of the webcast will be made available, providing even more accessibility to critical company information.
About Occidental
Occidental is renowned as a global energy giant, particularly recognized for its extensive operations in the United States, the Middle East, and North Africa. Being one of the largest oil and gas producers domestically, it plays a significant role in the energy market, particularly with its strong presence in the Permian and DJ basins, as well as its offshore endeavors.
Commitment to Sustainability
At the forefront of Occidental’s operations is a dedicated focus on sustainability. This commitment is enhanced through their midstream and marketing segments, facilitating a smooth flow of oil and gas while maximizing value. The company’s subsidiary, Oxy Low Carbon Ventures, is innovatively pushing technology that aims to not just boost profitability but also work toward a cleaner and sustainable future.
Technological Innovations and Carbon Management
Occidental understands the pressing need for sustainability in modern energy practices. To this end, it has integrated innovative technologies across its operations. This includes the development and deployment of carbon management strategies, which reflect its dedication to minimizing environmental footprints while maximizing resource utilization.
OxyChem and Product Development
Moreover, Occidental’s chemicals division, OxyChem, plays a pivotal role in producing fundamental materials that contribute to various life-enhancing products. Their focus on advancing chemical solutions not only supports industry growth but also aligns with Occidental’s overarching vision of leading in carbon management sectors.
Contacting Occidental
For any media or investor inquiries, Occidental has made direct lines of communication readily available. The media contact, Eric Moses, can be reached at 713-497-2017, or via email at eric_moses@oxy.com. For investor relations, R. Jordan Tanner is available at 713-552-8811, or through email at investors@oxy.com. This ensures all stakeholders have straightforward access to the information they require.
Frequently Asked Questions
What are Occidental's recent financial results?
Occidental has announced strong financial performance for the first quarter of 2025, showcasing effective operational strategies.
How can I access Occidental's earnings release?
Oxy's earnings release can be accessed on the Investor Relations section of the company's official website.
When will the conference call be held?
The conference call to discuss the results is scheduled for Thursday at 1 p.m. Eastern.
What are Oxy's sustainability initiatives?
Occidental focuses on sustainability through advanced technologies and its commitment to carbon management in its operations.
Who can I contact for more information about Occidental?
Media and investor inquiries can be directed to Eric Moses and R. Jordan Tanner respectively, through specified contact details.
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