Occidental Petroleum: A Tricky Financial Situation

5/18/20

By Fun Trading, SeekingAlpha

Occidental's total revenues for the first quarter were $6,451 million, which topped analysts' expectations.

Occidental’s total production volume was 1,416K Boep/d, above the guided range of 1,375-1,395K Boep/d.

Occidental has withdrawn its 2020 guidance due to the market disruption caused by the spread of COVID-19. The Quarterly dividend is cut by 86% to $0.11 per share.

READ FULL ARTICLE HERE

Recent Deals

Interested in advertising your deals? Contact Edwin Warfield.