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Occidental Petroleum Surges to Top Trading Volume with $494 Million in May 7 2025
Generated by AI AgentAinvest Market Brief
Wednesday, May 7, 2025 8:01 pm ET1min read
On May 7, 2025,
(OXY) saw a trading volume of $494 million, marking a 34.27% increase from the previous day. The stock closed the day with a 0.69% decrease.Occidental Petroleum reported its first-quarter 2025 financial results on May 7, 2025. The company's earnings per share (EPS) for the quarter was $0.87, and revenue figures reached $6.843 billion. The company's midstream and marketing segment reported a pre-tax loss of $77 million, which included net derivative losses of $84 million. Despite this,
exceeded Wall Street estimates for first-quarter profit, driven by strong production and favorable commodity prices.Occidental also announced that it closed asset sales of $1.3 billion in the first quarter and repaid debt of $2.3 billion to date in 2025. The company will hold a conference call to discuss these results on Thursday, May 8, 2025, at 1 p.m. Eastern/12 p.m. Central.
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