Occidental Petroleum (OXY), a big oil company, recently shared its financial results for the last three months of 2023. Even though famous investor Warren Buffett supports OXY, their profits went down a little. This is because they've been paying off their debts.
- Profits were lower than expected.
- They made less money from selling oil.
- They are focusing on paying off their debts.
| Item | Number |
|---|---|
| Expected profit decrease | 8% |
| Expected sales decrease | Less than 3% |
| Expected profit per share | 68 cents |
