Occidental Petroleum: Earnings Beat Despite Sales Drop

Occidental Petroleums Q1 2026 earnings beat expectations despite a revenue miss, with adjusted earnings per share of $1.06 versus the forecasted 59 cents. The company, backed by Warren Buffetts Berkshire Hathaway, saw a 80% earnings beat and strong profitability despite weaker sales. While free cash flow turned negative at $112 million, long-term free cash flow remains robust, with a 24.1% margin over five years and low oil price volatility. The stock held steady post-report, reflecting investors focus on long-term value and growth. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/3523f029f2a04b9c