Debt reduction and efficiency improvement go hand in hand. Western Oil (OXY.US) Q1 performance exceeds expectations.

TMT Finance APP has learned that "Stock God" Warren Buffett's favored Occidental Petroleum (OXY.US) announced better-than-expected first quarter performance for 2025 in after-hours trading on Wednesday. The financial report shows that Occidental Petroleum's Q1 revenue increased by 14% year-on-year to $6.84 billion, slightly higher than the analysts' average expectation of $6.83 billion; earnings per share increased by 38% year-on-year to $0.87, better than the analysts' average expectation of $0.78. This is the fourth consecutive quarter that the oil producer's earnings per share have exceeded analysts' average expectations.