Houston-based Occidental Petroleum Corp. (NYSE: OXY) took a hit in first-quarter results and reportedly is looking into new options to reduce its roughly $40 billion debt load.
Oxy reported a net loss attributable to common stockholders of $2.2 billion, or $2.49 per diluted share, according to a press release. When excluding special items, the company’s adjusted loss attributable to common stockholders was $467 million, or 52 cents per diluted share, beating analysts’ average estimated loss of 63…
