Shares of Occidental Petroleum Corp. OXY fell in the after-hours session Monday after the energy company reported profit and revenue below Wall Street expectations. Occidental also announced a new $3 billion share buyback program and a 38% increase to its dividend to 18 cents a share. Occidental said it earned $1.7 billion, or $1.74 a share, in the fourth quarter, compared with $1.3 billion, or $1.58 a share, in the year-ago period. Adjusted for one-time items, the company earned $1.61 a share. Revenue hit $8.3 billion, from $3.3 billion a year ago. FactSet consensus called for EPS of $1.81 on revenue of $8.4 billion….
:upscale()/2024/12/12/034/n/1922564/tmp_vSZqDL_a18646780ef38553_IMG_5658.JPEG "Barbour Jackets Make the Perfect Gender-Neutral Holiday Gift")
