OXY's Q3, Sandbags of Cash Falling from the Sky
November 18, 2024
As Q3 earnings season rolls on we now turn our attention to the last sector that typically reports, oil and gas companies. Specifically, one of the companies we’ve long-viewed as undervalued and worth considering, Occidental Petroleum (“OXY”).
The last time we reviewed OXY was the Q2 quarter, and our suspicions then was that the company was being “too conservative” in its assumptions for the CrownRock acquisition, and by too conservative we really mean “sandbag” (i.e., earnings management for the investment community).
