Why Is Occidental Petroleum Stock Gaining Tuesday?
1. OXY's Q3 earnings surpassed expectations with adjusted EPS of 64 cents. 2. Total production reached 1,465 Mboed, exceeding guidance. 3. Lowered U.S. opex guidance by $20 million, improving cost efficiency. 4. Resource estimates increased by 18% to 16.5 BBoe, indicating growth potential. 5. OXY shares rose 2.98% after earnings report, reflecting investor confidence.