Occidental Petroleum Tops Profit Estimates, Pays Down Debt

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Updated Aug. 2, 2022 8:00 pm ET / Original Aug. 2, 2022 7:39 pm ET

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Warren Buffett probably liked Occidental Petroleum second-quarter earnings report.

Occidental Petroleum (Ticker OXY), in which Buffett’s Berkshire Hathaway (BRK/A, BRK/B) is the largest shareholder, topped profit estimates, paid down nearly $5 billion in debt and is now set to return more cash to shareholders.

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