Occidental Petroleum (OXY) Reports YE14 Proved Reserves of 2.82B BOE

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Go back to Occidental Petroleum (OXY) Reports YE14 Proved Reserves of 2.82B BOE

Occidental Petroleum (OXY) Misses Q4 EPS by 18c

January 29, 2015 7:07 AM EST

Occidental Petroleum (NYSE: OXY) reported Q4 EPS of $0.72, $0.18 worse than the analyst estimate of $0.90. Revenue for the quarter came in at $4.31 billion versus the consensus estimate of $4.37 billion.

During the fourth quarter, we completed the spin-off of California Resources, sold our interests in the BridgeTex Pipeline and monetized a portion of our investment in Plains GP Holdings, L.P. As a result of these transactions along with our operating cash flows, our year-end 2014 cash balance of $7.8 billion exceeded our debt and our debt to capitalization ratio was 16 percent, said Stephen I. Chazen, President and... More