NYSE:PR - New York Stock Exchange, Inc. - US71424F1057 - Common Stock - Currency: USD
Occidental Petroleum reports second-quarter earnings and revenue late Tuesday.
Fuel-thirsty cruise and airlines industry stocks rallied early Monday as oil prices dropped after Israel measured response to Iran.
Permian Resources shares have fallen in recent months, but the company displays strong fundamentals including cost management and earnings growth.
The oil company is working to whittle down its debt.
Occidental Petroleum stock has dropped 20% since hitting highs in April.
PR stock results show that Permian Resources missed analyst estimates for earnings per share and missed on revenue for the second quarter of 2024.