Power firm Occidental Petroleum Company (NYSE: OXY) has introduced outcomes for the third quarter of FY25, reporting a lower in revenues and adjusted earnings.
- Web earnings attributable to the corporate was $661 million or $0.65 per share in Q3, vs. $964 million or $0.98 per share final 12 months
- Adjusted web earnings declined to $649 million or $0.64 per share within the September quarter from $977 million or $1.00 per share within the year-ago quarter
- Complete income and different earnings got here in at $6.62 billion in Q3, in comparison with $7.17 billion within the prior-year quarter
- Working money movement was $2.8 billion within the third quarter, and working money movement earlier than working capital got here in at $3.2 billion
- Capital spending totaled $1.8 billion, and free money movement earlier than working capital was $1.5 billion
- Throughout the quarter, the corporate repaid $1.3 billion of debt, lowering its principal debt steadiness to $20.8 billion
