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Occidental earnings up next as oil recovery meets lower estimates
Occidental Petroleum is set to report its Q4 earnings with lower estimates after divesting its chemicals business, OxyChem, to Berkshire Hathaway. Investors are focusing on the company’s capital allocation priorities, including share buybacks and dividend growth, and its ability to generate free cash flow in a volatile oil market. Despite a recent recovery in oil prices, the fourth quarter’s results will reveal how the company’s streamlined operations performed.