Occidental Petroleum's Q4 delivered a solid 11% beat on EPS and record US production, continuing strong recent momentum. Read why OXY stock is a Hold.

Good afternoon, everyone, and welcome to Occidental's fourth-quarter 2024 earnings conference call. [Operator instructions] Please also note today's event is being recorded. At this time, I'd like to turn the floor over to Jordan Tanner,

Occidental Petroleum Co. (NYSE:OXY – Get Free Report) shares were down 1.2% on Friday after Wells Fargo & Company lowered their price target on the stock from $53.00 to $52.00. Wells Fargo & Company currently has an equal weight rating on the stock.

Occidental’s (NYSE: OXY) stock price struggles are over. The market corrected to long-term lows, aligning with Warren Buffet’s initial entries into the stock and is set up for a strong rebound. Factors pointing to such a rebound include the results,