Investing.com - Occidental (NYSE:OXY) reported second quarter earnings that beat analysts' expectations on Wednesday and revenue that topped forecasts.
The firm reported earnings per share of $0.97 on revenue of $4.48B. Analysts polled by Investing.com anticipated EPS of $0.96 on revenue of $4.33B. That compared to EPS of $1.1 on revenue of $4.08B in the same period a year earlier. The company had reported EPS of $0.84 on revenue of $4B in the previous quarter.
Occidental shares gained 0.21% to trade at $51.50 in after-hours trade following the report.
Occidental shares gained 0.21% to trade at $51.50 in after-hours trade following the report.
For the year, Occidental shares are down 16.28%, under-performing the S&P 500 which is up 20.32% year to date.
Occidental follows other major Energy sector earnings this month
On Thursday, July 25, 2019, Total ADR reported second quarter EPS of $1.05 on revenue of $45.2B, compared to forecasts of EPS of $1.12 on revenue of $46.95B.
BP ADR earnings beat analyst's expectations on Tuesday, with second quarter EPS of $0.83 on revenue of $73.75B. Investing.com analysts expected EPS of $0.76 on revenue of $71.5B
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