Occidental CEO: “Our teams continue to outperform” as profit hits highest since 2022

Bullish Gator

Richard Jackson discusses Occidental’s quarterly profit surge to its highest level since 2022 on CNBC’s Power Lunch.

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What stands out

Occidental Petroleum CEO Richard Jackson opened his interview by saying, "Our teams continue to outperform," and the company reported a quarterly profit that CNBC noted was its strongest since 2022. That line matters because it’s management trying to flip a narrative while underlying numbers tell a different story: the company’s average revenue and net income have been materially lower year over year. Put another way, a CEO can claim outperformance, but investors should ask whether that performance is a durable recovery or a temporary profit blip amplified by volatile oil markets.